ATONEMENT LUTHERAN HOUSING CORPORA… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

COLLEEN P FRANKENFIELD

Phone

6093867171

Tax Period

2023-01-01 to 2023-12-31

ATONEMENT LUTHERAN HOUSING CORPORATION, founded in 1989, is a small nonprofit that reported $209K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $252K exceeded revenue, resulting in a 21% operating deficit.

Mission

THROUGH THE POWER OF THE HOLY SPIRIT AND IN RESPONSE TO GOD'S LOVE AS REVEALED IN THE GOSPEL, THE MISSION OF LUTHERAN SOCIAL MINISTRIES OF NJ IS TO SERVE THOSE WHO HURT, WHO ARE IN NEED, OR WHO HAVE LIMITED CHOICES THROUGH AN ARRAY OF HEALTH CARE AND SOCIAL SERVICES IN NJ.

Program Service Accomplishments

Program 1

Expenses: $240,007 Revenue: $208,757

ATONEMENT LUTHERAN HOUSING IS A HUD-FINANCED RESIDENTIAL FACILITY CONSISTING OF NINE UNITS. THESE NINE UNITS ARE DESIGNATED FOR MEN WITH MENTAL HEALTH NEEDS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $208,757

Investment Income $27

Other Revenue $0

TOTAL REVENUE $208,784

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,446

Fundraising Expenses $0

Program Expenses $240,007

Other Expenses $201,864

TOTAL EXPENSES $252,310

Year-over-Year Comparison

	2023	2022	Change
Revenue	$208,784	$165,409	+0.3%
Expenses	$252,310	$250,172	+0.0%
Net Income	$-43,526	$-84,763	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$1,140,549

Total Directors

$772,114

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD HILDEBRANDT	CHAIR	0.50	Officer Director	$0	$0	$0
KENNETH VAN DONGEN	VICE CHAIR	0.50	Officer Director	$0	$0	$0
EDWARD P NOBLE	TREASURER	0.50	Officer Director	$0	$0	$0
JUHAN RUNNE	SECRETARY	0.50	Officer Director	$0	$0	$0
REV TRACIE BARTHOLOMEW	TRUSTEE	0.50	Director	$0	$0	$0
REV STEPHEN GEWECKE	TRUSTEE	0.50	Director	$0	$0	$0
RAFAEL HACISKI	TRUSTEE	0.50	Director	$0	$0	$0
TERRY SHINE	TRUSTEE	0.50	Director	$0	$0	$0
REV DR ANTHONY STEINBRONN	TRUSTEE	0.50	Director	$0	$0	$0
LARRY SCHUMANN	TRUSTEE (UNTIL 3/23)	0.50	Director	$0	$0	$0
COLLEEN P FRANKENFIELD	PRESIDENT & CEO	0.50	Officer Director	$0	$44,785	$772,114
JEANNINE RICHMAN	SR. VICE PRESIDENT & CFO	0.50	Officer	$0	$23,200	$368,435

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	$208,784	$252,310	$693,094	$-43,526
2022	$165,409	$250,172	$667,561	$-84,763
2021	$225,892	$194,672	$701,870	$31,220
2020	$249,756	$163,954	$659,948	$85,802
2019	$218,108	$209,370	$594,694	$8,738
2018	$175,909	$193,534	$577,638	$-17,625

ATONEMENT LUTHERAN HOUSING CORPORATION