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Nonprofiteer
← NATIONAL LUTHERAN HOME FOR THE AGED INCORPORATED

Form 990 for tax year 2023

Filed by NATIONAL LUTHERAN HOME FOR THE AGED INCORPORATED.

Totals

Total revenue
$777,806
Total expenses
$85,388
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$777,806
Other revenue
$0
Total assets, end of year
$85,482,639
Total liabilities, end of year
$1,455,419
Net assets or fund balances, end of year
$84,027,220
Program services expenses (Part IX)
$0
Management and general expenses
$85,388
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $610,418 · excluded $610,418

  • 7a · Gross sales of assets other than inventory

    securities $167,388

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $167,388

  • 7d · Net gain or loss

    total $167,388 · excluded $167,388

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $85,388 · management and general $85,388

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    end of year $250,000

  • 11 · Investments: publicly traded securities

    beginning of year $13,827,558 · end of year $12,633,952

  • 12 · Investments: other securities

    beginning of year $1,908,070 · end of year $283,001

  • 15 · Other assets

    beginning of year $78,395,804 · end of year $72,315,686

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,001 · end of year $19,499

  • 23 · Secured mortgages and notes payable

    beginning of year $10,479,268 · end of year $1,435,920

  • 27 · Net assets without donor restrictions

    beginning of year $83,613,163 · end of year $84,027,220

Mission and programs · 2023

Mission

TO FULFILL ITS CHRISTIAN MINISTRY, NATIONAL LUTHERAN HOME FOR THE AGED IS ORGANIZED FOR THE PURPOSE OF SUPPORTING THE OBJECTIVES OF ITS PARENT ORGANIZATION, NATIONAL LUTHERAN, INC. AND RELATED ORGANIZATIONS THAT PROVIDE FOR THE HEALTHCARE, HOUSING, GENERAL CARE AND WELL-BEING OF AGED PERSONS.

Activities or mission (Part I)

TO SERVE AS A SUPPORTING ORGANIZATION TO NATIONAL LUTHERAN COMMUNITIES & SERVICES.

  • THE ORGANIZATION SERVES AS A SUPPORTING ORGANIZATION TO ITS AFFILIATES PROVIDING FINANCIAL SUPPORT TO ITS THREE CONTINUING CARE RETIREMENT COMMUNITIES AND ONE DUAL-CERTIFIED RESIDENTIAL CARE/ASSISTED LIVING FACILITY. THE FACILITIES PROVIDE SENIORS WITH HOUSING, MEDICAL ATTENTION, AND ANY SERVICES THAT PROMOTE GOOD EMOTIONAL AND PHYSICAL HEALTH IN A CHRISTIAN ENVIRONMENT. CURRENTLY THE ORGANIZATION IS OVERSEEING THE FUTURE DEVELOPMENT OF A CCRC TO BE LOCATED IN ANNAPOLIS, MD.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John E Handley

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dr Rachel Carlson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Cornell P Abod

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Susan Dailey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tom Whiteford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Heller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rev Debbie Dukes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Walters

    PRESIDENT/CEO

    Total calculated
    $473,114
    From this org
    $0
    From related orgs
    $424,579
    Other
    $48,535
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $423,547 related
    Bonus
    $0
    Other
    $0 + $1,032 related
    Deferred
    $0 + $14,200 related
    Nontaxable benefits
    $0 + $34,335 related
    Filer's total
    $0 + $473,114 related

  • Rev Sandra Shaw

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rev Scott Maxwell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richard Mazza

    CHIEF FINANCIAL OFFICER

    Total calculated
    $174,138
    From this org
    $0
    From related orgs
    $156,605
    Other
    $17,533
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,287 related
    Bonus
    $0
    Other
    $0 + $318 related
    Deferred
    $0 + $3,673 related
    Nontaxable benefits
    $0 + $13,860 related
    Filer's total
    $0 + $174,138 related

  • Donna Casner

    VICE PRESIDENT FINANCE

    Total calculated
    $215,214
    From this org
    $0
    From related orgs
    $196,575
    Other
    $18,639
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,023 related
    Bonus
    $0 + $5,000 related
    Other
    $0 + $552 related
    Deferred
    $0 + $8,173 related
    Nontaxable benefits
    $0 + $10,466 related
    Filer's total
    $0 + $215,214 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION'S CEO IS PAID BY NATIONAL LUTHERAN, INC. NATIONAL LUTHERAN, INC. USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 7
BONUSES ARE DETERMINED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD AND ARE BASED ON A VARIETY OF FACTORS SUCH AS WHETHER CAMPUS BUDGETS ARE MET, HOW EACH CAMPUS DOES ON ITS RESPECTIVE NURSING/HEALTH CARE SURVEY AND HOW EACH SENIOR LEADER DOES IN OBTAINING HIS OR HER GOALS FOR THE YEAR.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
1 August 2024
IRS schema version
2023v5.1
Source object
202422209349300217

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