Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $227,036

• 1f · All other contributions, gifts and grants

  $160,231

• 1g · Noncash contributions included above

  $18,499

• 2a · Program service revenue: SERVICE FEES

  total $31,397,816 · related or exempt $31,397,816

• 2b · Program service revenue: SERVICE CONTRACTS

  total $538,365 · related or exempt $538,365

• 2c · Program service revenue: MANAGEMENT FEES

  total $61,794 · related or exempt $61,794

• 3 · Investment income

  total $69,302 · excluded $69,302

• 6a · Gross rents

  real property $61,885

• 6b · Less rental expenses

  real property $22,842

• 6c · Rental income or loss

  real property $39,043

• 6d · Net rental income or loss

  total $39,043 · excluded $39,043

• 7a · Gross sales of assets other than inventory

  securities $84,756

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

  securities $0

• 7c · Gain or loss

  securities $84,756

• 7d · Net gain or loss

  total $84,756 · excluded $84,756

• 11a · Other revenue: OTHER REVENUE

  total $85,987 · related or exempt $85,987

• 11b · Other revenue: ROOM & CARE

  total $42,260 · related or exempt $42,260

• 11c · Other revenue: MEALS

  total $29,128 · related or exempt $29,128

• 11e · Other revenue, total

  $157,375

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $3,777,007 · program services $3,777,007

• 7 · Other salaries and wages

  total $15,760,561 · program services $15,305,107 · management and general $455,454

• 8 · Pension plan contributions

  total $88,510 · program services $81,332 · management and general $7,178

• 9 · Other employee benefits

  total $1,155,039 · program services $1,048,396 · management and general $106,643

• 10 · Payroll taxes

  total $1,177,793 · program services $1,144,985 · management and general $32,808

• 11b · Fees: legal

  total $6,608 · management and general $6,608

• 11c · Fees: accounting

  total $50,550 · management and general $50,550

• 11g · Fees: other

  total $3,203,545 · program services $124,006 · management and general $3,079,539

• 12 · Advertising and promotion

  total $88,246 · program services $88,246

• 13 · Office expenses

  total $378,364 · program services $366,602 · management and general $11,762

• 14 · Information technology

  total $337,574 · program services $11,456 · management and general $326,118

• 16 · Occupancy

  total $892,206 · program services $816,225 · management and general $75,981

• 17 · Travel

  total $1,310,918 · program services $1,285,664 · management and general $25,254

• 19 · Conferences, conventions and meetings

  total $66,747 · program services $20,015 · management and general $46,732

• 20 · Interest

  total $317,759 · management and general $317,759

• 22 · Depreciation, depletion and amortization

  total $301,926 · program services $160,400 · management and general $141,526

• 23 · Insurance

  total $530,085 · management and general $530,085

• 24a · Other expenses: OTHER EXPENSES

  total $194,175 · program services $14,064 · management and general $180,111

• 24b · Other expenses: BAD DEBT EXPENSE

  total $91,668 · program services $9,354 · management and general $82,314

• 24c · Other expenses: FOOD

  total $75,248 · program services $75,248

• 24d · Other expenses: EXPENSES PAID BY FDN

  total $45,933 · program services $43,463 · management and general $2,470

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,579,275 · end of year $1,021,103

• 4 · Accounts receivable

  beginning of year $3,215,687 · end of year $5,496,085

• 7 · Other notes and loans receivable

  beginning of year $203,398 · end of year $203,398

• 8 · Inventories for sale or use

  beginning of year $1,058 · end of year $1,612

• 9 · Prepaid expenses and deferred charges

  beginning of year $111,615 · end of year $138,706

• 10a · Land, buildings and equipment: cost or other basis

  $17,253,585

• 10b · Land, buildings and equipment: accumulated depreciation

  $9,261,031

• 10c · Land, buildings and equipment, net

  beginning of year $2,207,209 · end of year $7,992,554

• 11 · Investments: publicly traded securities

  end of year $4,069,049

• 12 · Investments: other securities

  beginning of year $9,296,746 · end of year $5,174,487

• 15 · Other assets

  beginning of year $2,079,587 · end of year $4,606,154

• 17 · Accounts payable and accrued expenses

  beginning of year $1,464,865 · end of year $1,768,004

• 19 · Deferred revenue

  beginning of year $1,649,741 · end of year $1,488,291

• 23 · Secured mortgages and notes payable

  beginning of year $8,061,684 · end of year $7,702,308

• 25 · Other liabilities

  beginning of year $1,016,382 · end of year $1,230,590

• 27 · Net assets without donor restrictions

  beginning of year -$1,052,506 · end of year $6,965,319

• 28 · Net assets with donor restrictions

  beginning of year $8,554,409 · end of year $9,548,636

The filer's explanations (Part III)

PART I, LINE 3

THE PROCESS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT, CEO, AND CFO IS UNDERTAKEN BY LUTHERAN HOMES OF MICHIGAN, INC., A RELATED ORGANIZATION. THE PROCESS INCLUDES USE OF A COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• OAKMAN PLACE LDHA LLC

  RENTAL INCOME · MULTI-FAMILY LOW-INCOME HOUSING · MI · 100% owned · general or managing partner

• ALPENA VILLAGE

  RESIDENTIAL CONTINUING CARE RETIREMENT FACILITY · MI

• TRANSITIONAL CARE COMMUNITY

  RESIDENTIAL CONTINUING CARE RETIREMENT FACILITY · MI

• GIBRALTAR

  PROVIDE AFFORDABLE HOUSING TO THE ELDERLY · MI

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• GIBRALTAR MANOR DEVELOPMENT INC

  C · HOUSING SERVICES · MI