LUTHERAN HOME FOR THE AGED INC

LUTHERAN HOME FOR THE AGED INC

Arlington Heights, IL, US
501(c)3
EIN
36-2192824

LUTHERAN HOME FOR THE AGED INC

Arlington Heights, IL, US
501(c)3
EIN
36-2192824

Overview

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Est.

1892

Fiscal Year Start

Jul 1

Organization Type

Grantseeker
AI Summary
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Lutheran Home for the Aged Inc is a nonprofit organization focused on providing nursing home and senior assisted living services, with a mission to empower vibrant, grace-filled living across all generations. With an operating budget of $57.8 million and total revenue of $60.4 million in 2023, the organization offers residential and health care services to seniors, including benevolent care for those who have exhausted their financial resources. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diversified funding base to support its mission. More information can be found on their website at www.lutheranlifecommunities.org.

Mission Statement

SEE SCHEDULE O FOR ORGANIZATION MISSION STATEMENT. EMPOWERING VIBRANT GRACE FILLED LIVING ACROSS ALL GENERATIONS. PROVIDING RESIDENTIAL AND HEALTH CARE SERVICES TO SENIORS INCLUDING BENEVOLENT CARE TO THOSE WHO HAVE EXHAUSTED THEIR FINANCIAL FUNDS.
Revenues

$60.4M

Expenses

$57.8M

Net Income:
+$2.6M
Assets

$130.9M

Liabilities

$107.8M

Net Assets:
+$23.1M
Operating Budget

$57.8M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

2

Median grant size
$801.7K
Largest grant received
$1.6M
M
Michael Renetzky
Board Member
J
James Buckman
Board Member
S
Sloan Bentley
Board Member

Frequently Asked Questions

What is LUTHERAN HOME FOR THE AGED INC’s budget?
In 2023, LUTHERAN HOME FOR THE AGED INC reported an annual operating budget of around $57.8 million. More detailed financial information is available to registered users.
What causes does LUTHERAN HOME FOR THE AGED INC support?
LUTHERAN HOME FOR THE AGED INC supports work in Nursing homes and Senior assisted living.
Where does LUTHERAN HOME FOR THE AGED INC operate?
LUTHERAN HOME FOR THE AGED INC is headquartered in Arlington Heights, IL.
Who funded LUTHERAN HOME FOR THE AGED INC recently?
In 2023, LUTHERAN HOME FOR THE AGED INC received grants from LUTHERAN LIFE COMMUNITIES FOUNDATION, LUTHERAN HOME AND SERVICES FOR THE AGED INC, and LUTHERAN LIFE COMMUNITIES FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant LUTHERAN HOME FOR THE AGED INC received in 2023?
The largest grant to LUTHERAN HOME FOR THE AGED INC in 2023 exceeds $1.6 million.
What is LUTHERAN HOME FOR THE AGED INC’s reliance on government grants?
LUTHERAN HOME FOR THE AGED INC relied on government grants for less than 5% of their total revenue in 2023.
Overview
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