LUTHERAN HOMES INC

EIN: 350885590 501(c)(3) Human Services

FORT WAYNE, IN

Total Revenue
$53,241,379
Total Expenses
$43,824,048
Total Assets
$86,511,368
Net Assets
$31,869,003
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1926
Legal Domicile
IN
Phone
2604470800
Tax Period
2023-01-01 to 2023-12-31

LUTHERAN HOMES INC, founded in 1926, is a mid-sized nonprofit in the Human Services sector that reported $53.2M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.4M, a strong 18% operating margin.

Mission

SINCE 1931, LUTHERAN LIFE VILLAGES HAS BEEN SERVING INDIVIDUALS AND THEIR CAREGIVERS WITH COMPASSION AND RESPECT FOR INDEPENDENCE, WELLNESS, AND SPIRITUAL LIFE. AT LUTHERAN LIFE VILLAGES, WE PRIDE OURSELVES ON CREATING A PLACE WHERE PEOPLE WANT TO LIVE, PROFESSIONALS WANT TO WORK, AND FAMILY AND COMMUNITY MEMBERS WANT TO VISIT. WE OFFER A FULL RANGE OF OPTIONS, FOR CARE AND HOUSING FOR THE ELDERLY, FROM INDEPENDENT LIVING AND ASSISTED LIVING, TO SKILLED NURSING, WITH LOCATIONS IN KENDALLVILLE AND FORT WAYNE, INDIANA.

Program Service Accomplishments

Program 1
Expenses: $38,443,627 Revenue: $42,317,163

LUTHERAN LIFE VILLAGES' GOAL IS TO PROVIDE HOUSING AND CARE FOR THE ELDERLY THAT IS BEST SUITED TO FIT THEIR INDIVIDUAL NEEDS. THROUGH THIS HOLISTIC APPROACH, RESIDENTS ARE ENABLED TO FUNCTION AT...

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LUTHERAN LIFE VILLAGES' GOAL IS TO PROVIDE HOUSING AND CARE FOR THE ELDERLY THAT IS BEST SUITED TO FIT THEIR INDIVIDUAL NEEDS. THROUGH THIS HOLISTIC APPROACH, RESIDENTS ARE ENABLED TO FUNCTION AT THEIR HIGHEST POTENTIAL ACROSS MULTIPLE LEVELS OF THE CARE CONTINUUM.

Program 2
Expenses: $316,917 Revenue: $289,672

LUTHERAN LIFE VILLAGES SPONSORS THE FOSTER GRANDPARENTS PROGRAM, PART OF SENIOR CORP AND THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE. ADULTS 55 AND OLDER SHARE THEIR EXPERIENCE AND COMPASSION...

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LUTHERAN LIFE VILLAGES SPONSORS THE FOSTER GRANDPARENTS PROGRAM, PART OF SENIOR CORP AND THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE. ADULTS 55 AND OLDER SHARE THEIR EXPERIENCE AND COMPASSION. EACH FOSTER GRANDPARENT IS A ROLE MODEL, MENTOR, AND A FRIEND. SERVING AT ONE OF MANY LOCAL ORGANIZATIONS - INCLUDING FAITH-BASED GROUPS, HEAD START CENTERS, SCHOOLS, AND OTHER YOUTH FACILITIES - GRANDPARENTS HELP CHILDREN LEARN TO READ, PROVIDE ONE-ON-ONE TUTORING, AND GUIDE CHILDREN AT A CRITICAL TIME IN THEIR LIVES.

Program 3
Expenses: $110,271 Revenue: $110,271

LUTHERAN LIFE VILLAGES HAS PARTNERED WITH LUTHERAN SOCIAL SERVICES OF INDIANA TO SUPPORT CHILDREN'S VILLAGE. THIS INNOVATIVE, INTER-GENERATIONAL PROGRAMMING DISTINGUISHES LUTHERAN LIFE VILLAGES FROM...

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LUTHERAN LIFE VILLAGES HAS PARTNERED WITH LUTHERAN SOCIAL SERVICES OF INDIANA TO SUPPORT CHILDREN'S VILLAGE. THIS INNOVATIVE, INTER-GENERATIONAL PROGRAMMING DISTINGUISHES LUTHERAN LIFE VILLAGES FROM OTHER SENIOR LIVING PROVIDERS AND PLAYS A KEY ROLE IN THE WELLNESS STRATEGY. THE ONSITE CHILDREN'S VILLAGE EARLY LEARNING CENTER AND THE VOLUNTEER OPPORTUNITIES PROVIDED BY THE CENTER HAVE BEEN ENRICHING THE LIVES OF RESIDENTS SINCE 2016.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,816,389
Program Service Revenue $42,717,106
Investment Income $694,088
Other Revenue $13,796
TOTAL REVENUE $53,241,379

Expense Breakdown

Grants Paid $0
Salaries & Benefits $27,366,207
Fundraising Expenses $227,625
Program Expenses $38,870,815
Other Expenses $16,455,651
TOTAL EXPENSES $43,824,048

Year-over-Year Comparison

2023 2022 Change
Revenue $53,241,379 $39,194,457 +0.4%
Expenses $43,824,048 $39,505,005 +0.1%
Net Income $9,417,331 $-310,548 -31.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
877
Volunteers
145

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$460,594
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A SECRETARY 2.0
Officer Director
$0 $0 $0
N/A TREASURER 2.0
Officer Director
$0 $0 $0
N/A VICE CHAIR 2.0
Officer Director
$0 $0 $0
N/A CHAIR 2.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A PRESIDENT & CEO 50.0
Officer
$250,602 $19,081 $269,683
N/A CHIEF FINANCIAL OFFICER 50.0
Officer
$182,668 $8,243 $190,911
N/A NURSE 71.0
Highest
$146,862 $7,343 $154,205
N/A NURSE 64.0
Highest
$148,649 $10,946 $159,595
N/A ADMINISTRATOR 50.0
Highest
$134,804 $8,073 $142,877
N/A ADMINISTRATOR 50.0
Highest
$129,680 $9,575 $139,255
N/A CHIEF OPERATIONS OFFICER 50.0
Highest
$171,950 $7,163 $179,113
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $53,241,379 $43,824,048 $86,511,368 $9,417,331
2022 $39,194,457 $39,505,005 $60,349,482 $-310,548
2021 $41,686,678 $37,497,444 $61,061,293 $4,189,234
2020 $39,157,951 $37,304,373 $58,928,684 $1,853,578
2020 $39,157,951 $37,304,373 $58,928,684 $1,853,578
2019 $35,671,153 $34,153,793 $45,681,379 $1,517,360
2019 $35,671,153 $34,153,793 $45,681,379 $1,517,360
2018 $9,933,481 $9,726,893 $36,050,673 $206,588
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