Lutheran Residence Corporation
Lutheran Residence Corporation: Stable Finances, High Program Spending
EIN: 222888885 · Secaucus, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| Net Assets | $34.9M |
| Transparency Score | 75/100 |
Is Lutheran Residence Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lutheran Residence Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lutheran Residence Corporation
Lutheran Residence Corporation (EIN: 222888885) is a nonprofit organization based in Secaucus, NJ. The organization reported total revenue of $3.5M and total assets of $35.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lutheran Residence Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lutheran Residence Corporation is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$217K |
| Total Assets | $34.9M |
| Net Assets | $34.9M |
| Operating Margin | 15.9% |
| Months of Reserves | 364.9 months |
Financial Health Grade: A
In 2023, Lutheran Residence Corporation reported a surplus of $217K with revenue exceeding expenses, holds 364.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Lutheran Residence Corporation's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.3% | -2.4% | +5.8% |
| 2022 | +6.5% | -4.8% | -15.3% |
| 2021 | -12.2% | -5.5% | +0.7% |
| 2020 | -95.6% | +11.1% | +3.8% |
| 2019 | +304.5% | +45.5% | +470.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lutheran Residence Corporation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Lutheran Residence Corporation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $217K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation details are not explicitly provided in the given data, preventing a specific assessment of individual salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Lutheran Residence Corporation:
- Consistently high program spending, with expenses (x) often close to or exceeding revenue (r) in recent years, indicating a focus on mission.
- Stable asset base over the last five years, suggesting financial resilience.
Frequently Asked Questions about Lutheran Residence Corporation
Is Lutheran Residence Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lutheran Residence Corporation (EIN: 222888885) appears legitimate. Mission Score: 75/100. 0 red flags identified, 2 strengths noted.
How does Lutheran Residence Corporation spend its money?
Lutheran Residence Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lutheran Residence Corporation tax-deductible?
Lutheran Residence Corporation is registered as a tax-exempt nonprofit (EIN: 222888885). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lutheran Residence Corporation's spending goes to programs?
Lutheran Residence Corporation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Lutheran Residence Corporation located?
Lutheran Residence Corporation is headquartered in Secaucus, New Jersey and files with the IRS under EIN 222888885.
How many years of IRS 990 filings does Lutheran Residence Corporation have?
Lutheran Residence Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.5M in total revenue.
What does Lutheran Residence Corporation do?
Lutheran Residence Corporation is a nonprofit organization in the Unknown sector, located in Secaucus, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Lutheran Residence Corporation have?
Lutheran Residence Corporation reported total revenue of $3,530,032. Based on 13 IRS 990 filings on record.
What are Lutheran Residence Corporation's total assets?
Lutheran Residence Corporation holds total assets of $35,258,166 as reported in IRS 990 filings.
Where is Lutheran Residence Corporation located?
Lutheran Residence Corporation is based in Secaucus, New Jersey.
What is Lutheran Residence Corporation's EIN?
Lutheran Residence Corporation's Employer Identification Number (EIN) is 222888885. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Lutheran Residence Corporation?
Lutheran Residence Corporation is classified under NTEE code Unknown (Unknown).
Is Lutheran Residence Corporation a registered 501(c)(3)?
Lutheran Residence Corporation appears in IRS records (EIN: 222888885). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Lutheran Residence Corporation file IRS Form 990?
Yes, Lutheran Residence Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Lutheran Residence Corporation's revenue in 2023?
In the 202312 filing period, Lutheran Residence Corporation reported total revenue of $1,364,758, total expenses of $1,147,916, and net assets of $34,907,548.
Is Lutheran Residence Corporation's revenue growing or declining?
Lutheran Residence Corporation's revenue is relatively stable. Revenue went from $1,321,772 (202212) to $1,364,758 (202312), a +3.3% change. Based on 13 filings on record.
What is Lutheran Residence Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Lutheran Residence Corporation covers tax period 202312. It shows revenue of $1,364,758, expenses of $1,147,916, total assets of $34,907,548, and liabilities of N/A.
How much does Lutheran Residence Corporation spend on programs vs administration?
Based on IRS 990 analysis, Lutheran Residence Corporation allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Lutheran Residence Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Lutheran Residence Corporation appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 2 strengths noted.
What are Lutheran Residence Corporation's strengths?
Positive indicators for Lutheran Residence Corporation include: Consistently high program spending, with expenses (x) often close to or exceeding revenue (r) in recent years, indicating a focus on mission.. Stable asset base over the last five years, suggesting financial resilience.. These findings are derived from AI analysis of the organization's financial filings.
How does Lutheran Residence Corporation compensate executives?
Executive compensation details are not explicitly provided in the given data, preventing a specific assessment of individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization sustain operations when expenses frequently exceed reported revenue, as seen in 2023 ($1,147,916 expenses vs. $1,364,758 revenue) and 2022 ($1,176,641 expenses vs. $1,321,772 revenue)?
While expenses are close to revenue, the organization's substantial asset base (e.g., $34,907,548 in 2023) likely provides a buffer and allows for continued operations and investment in programs, potentially drawing from reserves or other non-operating income not detailed in the provided 'r' and 'x' figures.
Filing History
IRS 990 filing history for Lutheran Residence Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lutheran Residence Corporation's revenue has grown by 132.2%, moving from $588K to $1.4M. Total assets increased by 1301.1% over the same period, from $2.5M to $34.9M. Total functional expenses rose by 76.8%, from $649K to $1.1M. In its most recent filing year (2023), Lutheran Residence Corporation reported a surplus of $217K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.1M | $34.9M | $0 | — | — |
| 2022 | $1.3M | $1.2M | $33.0M | $0 | — | View 990 |
| 2021 | $1.2M | $1.2M | $38.9M | $0 | — | View 990 |
| 2020 | $1.4M | $1.3M | $38.6M | $0 | — | View 990 |
| 2019 | $32.1M | $1.2M | $37.2M | $0 | — | View 990 |
| 2018 | $7.9M | $809K | $6.5M | $258K | — | View 990 |
| 2017 | $674K | $736K | $1.9M | $2.8M | — | — |
| 2016 | $700K | $706K | $2.0M | $2.8M | — | View 990 |
| 2015 | $690K | $737K | $2.1M | $2.9M | — | View 990 |
| 2014 | $645K | $754K | $2.2M | $2.9M | — | View 990 |
| 2013 | $647K | $707K | $2.3M | $2.9M | — | View 990 |
| 2012 | $652K | $683K | $2.4M | $3.0M | — | View 990 |
| 2011 | $588K | $649K | $2.5M | $3.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.1M, and assets of $34.9M (revenue +3.3% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.2M, and assets of $33.0M (revenue +6.5% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.2M, and assets of $38.9M (revenue -12.2% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.3M, and assets of $38.6M (revenue -95.6% year-over-year).
- 2019: Revenue of $32.1M, expenses of $1.2M, and assets of $37.2M (revenue +304.5% year-over-year).
- 2018: Revenue of $7.9M, expenses of $809K, and assets of $6.5M (revenue +1078.4% year-over-year).
- 2017: Revenue of $674K, expenses of $736K, and assets of $1.9M (revenue -3.6% year-over-year).
- 2016: Revenue of $700K, expenses of $706K, and assets of $2.0M (revenue +1.5% year-over-year).
- 2015: Revenue of $690K, expenses of $737K, and assets of $2.1M (revenue +7.0% year-over-year).
- 2014: Revenue of $645K, expenses of $754K, and assets of $2.2M (revenue -0.4% year-over-year).
- 2013: Revenue of $647K, expenses of $707K, and assets of $2.3M (revenue -0.7% year-over-year).
- 2012: Revenue of $652K, expenses of $683K, and assets of $2.4M (revenue +10.9% year-over-year).
- 2011: Revenue of $588K, expenses of $649K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lutheran Residence Corporation:
Data Sources and Methodology
This transparency report for Lutheran Residence Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.