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Nonprofiteer
← LUTHERAN PROPERTIES INC

Form 990 for tax year 2022

Filed by LUTHERAN PROPERTIES INC.

Totals

Total revenue
$984,440
Total expenses
$1,068,050
Contributions and grants received
$200,387
Grants paid
$0
Program service revenue
$784,053
Investment income
$0
Other revenue
$0
Total assets, end of year
$10,065,057
Total liabilities, end of year
$1,128,327
Net assets or fund balances, end of year
$8,936,730
Program services expenses (Part IX)
$1,065,550
Management and general expenses
$2,500
Fundraising expenses
$0
Program service expenses (Part III)
$1,065,550

Program services were 99.8% 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.

  • 1d · Related organizations

    $200,387

  • 2a · Program service revenue: NET RESIDENT SERVICE R

    total $784,053 · related or exempt $784,053

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,500 · management and general $2,500

  • 11g · Fees: other

    total $3,466 · program services $3,466

  • 22 · Depreciation, depletion and amortization

    total $918,730 · program services $918,730

  • 23 · Insurance

    total $128,308 · program services $128,308

  • 24a · Other expenses: PERSONAL PROPERTY TAXES

    total $15,046 · program services $15,046

Balance sheet

Part X, book values.

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

    $24,160,147

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

    $14,095,090

  • 10c · Land, buildings and equipment, net

    beginning of year $10,751,890 · end of year $10,065,057

  • 17 · Accounts payable and accrued expenses

    end of year $2,470

  • 25 · Other liabilities

    beginning of year $1,731,550 · end of year $1,125,857

  • 27 · Net assets without donor restrictions

    beginning of year $9,020,340 · end of year $8,936,730

Mission and programs · 2022

Mission

OUR MISSION IS TO BREAK THE CYCLE OF CHILD ABUSE BY EMPOWERING CHILDREN, FAMILIES AND COMMUNITIES.

  • WE LEASE PROPERTY TO A RELATED ENTITY, LUTHERAN SOCIAL SERVICES OF THE SOUTH (DBA UPBRING), WHICH THEY USE TO ACHIEVE THEIR EXEMPT PURPOSE TO BREAK THE CYCLE OF CHILD ABUSE BY EMPOWERING CHILDREN, FAMILIES AND COMMUNITIES.

    Expenses $1,065,550 · Revenue $784,053

As filed on the 2022 return.

Listed in Part VII

  • Billy Dyer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Wood Franklin

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Rev Emmanuel Jackson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Rev Lincon Guerra

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Jordan Scott

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Sharon Smith

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Mary Beth Gaertner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Brett Carleton

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Roxanne Riefkohl

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Jason Paull

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Harrison Keller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Rev Allyson Pryor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Michael Loo

    CEO

    Total calculated
    $518,899
    From this org
    $0
    From related orgs
    $486,286
    Other
    $32,613
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $486,286 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $32,613 related
    Filer's total
    $0 + $518,899 related

  • Holly Raymond

    CFO/CHIEF COMMUNICATIONS OFFICER

    Total calculated
    $241,784
    From this org
    $0
    From related orgs
    $233,312
    Other
    $8,472
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,312 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,472 related
    Filer's total
    $0 + $241,784 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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE CEO IS PAID BY A RELATED ORGANIZATION THAT USES A COMPENSATION COMMITTEE, COMPENSATION SURVEYS AND APPROVAL BY THE BOARD OF DIRECTORS TO ESTABLISH THE CEO'S COMPENSATION.

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
2022
Filed
9 January 2024
IRS schema version
2022v5.0
Source object
202430169349300548

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