LUTHER CREST INC

EIN: 421492887 501(c)(3) Housing & Shelter

BETTENDORF, IA

Total Revenue
$515,196
Total Expenses
$591,051
Total Assets
$2,682,709
Net Assets
$2,632,033
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
IA
Principal Officer
NANCY BEADERSTADT
Phone
8167793131
Tax Period
2024-01-01 to 2024-12-31

LUTHER CREST INC, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $515K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $591K exceeded revenue, resulting in a 15% operating deficit.

Mission

PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME SENIOR CITIZENS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $514,710
Investment Income $486
Other Revenue $0
TOTAL REVENUE $515,196

Expense Breakdown

Grants Paid $0
Salaries & Benefits $154,193
Fundraising Expenses $0
Program Expenses $510,362
Other Expenses $436,858
TOTAL EXPENSES $591,051

Year-over-Year Comparison

2024 2023 Change
Revenue $515,196 $470,440 +0.1%
Expenses $591,051 $612,714 0.0%
Net Income $-75,855 $-142,274 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
10

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
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOYCE MARINACCIO DIRECTOR 0.50
Officer Director
$0 $0 $0
KIM WILKINS VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
JOHN NEWMAN TREASURER 0.50
Officer Director
$0 $0 $0
JERRILEA JAY ELDREDGE DIRECTOR 0.50
Director
$0 $0 $0
KEVIN KREBS DIRECTOR 0.50
Director
$0 $0 $0
NANCY BEADERSTADT PRESIDENT 0.50
Director
$0 $0 $0
JANE ROCK DIRECTOR 0.50
Director
$0 $0 $0
SHARI SCHLEDEWITZ SECRETARY 0.50
Officer Director
$0 $0 $0
CRAIG SCHLEDEWITZ DIRECTOR 0.50
Director
$0 $0 $0
MIKE WHITEMAN DIRECTOR 0.50
Director
$0 $0 $0
BRENDA SEHMANN DIRECTOR 0.50
Director
$0 $0 $0
ROLLY SEHMANN DIRECTOR 0.50
Director
$0 $0 $0
VIRGINIA HELBLE DIRECTOR 0.50
Director
$0 $0 $0
WYLIE PILLERS DIRECTOR 0.50
Director
$0 $0 $0
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 $515,196 $591,051 $2,682,709 $-75,855
2023 $470,440 $612,714 $2,874,247 $-142,274
2022 $422,550 $565,622 $2,931,887 $-143,072
2021 $405,832 $561,760 $3,063,865 $-155,928
2020 $403,640 $528,904 $3,208,300 $-125,264
2019 $400,606 $497,358 $3,328,067 $-96,752
2018 $380,042 $484,145 $3,426,707 $-104,103
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