2025-10-06T14:27:09-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2024-01-01 420807185 LUTHERAN RETIREMENT HOME LUTH 6413241712 701 9TH STREET NORTH NORTHWOOD IA 50459 SHARINA WINTER ADMINISTRATOR 6413241712 2025-10-01 1 1 KATHERINE LUTZKE CPA P01760889 5072802300 2025-10-01 2024 2025-03-06 01:10:19Z BRIAN NELSON 701 9TH STREET NORTH NORTHWOOD IA 50459 5860731 0 9386 X WWW.NORTHWOODLRH.ORG X 1956 IA ENRICHING LIVES BY PROVIDING CARE AND COMPASSION TO OUR RESIDENTS AND OUR COMMUNITIES. 9 9 99 9 0 0 31930 19996 4667381 4906744 145012 90127 30452 0 4874775 5016867 0 0 0 0 3259257 3431986 0 0 0 2134440 2513884 5393697 5945870 -518922 -929003 7773104 6816326 1366424 1346390 6406680 5469936 LUTHERAN RETIREMENT HOME IS A CHRISTIAN BASED CONTINUUM OF SERVICE ENRICHING LIVES BY PROVIDING CARE AND COMPASSION TO OUR RESIDENTS AND OUR COMMUNITIES. 0 0 5097236 0 4906744 LUTHERAN RETIREMENT HOME PROVIDES SKILLED, INTERMEDIATE LEVELS OF CARE, AND ASSISTED LIVING FOR THE ELDERLY AND DISABLED PEOPLE IN THE NURSING HOME, AND LEASE APARTMENTS TO THE ELDERLY. 5097236 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 99 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X SHARINA WINTER 6413241712 701 9TH STREET NORTH NORTHWOOD IA 50459 BRIAN NELSON PRESIDENT 1.50 X X 0 0 0 PETER JULSETH VICE PRESIDENT 1.50 X X 0 0 0 LYNN DAVIS TREASURER 1.50 X X 0 0 0 JERRY BRUNSVOLD DIRECTOR 1.50 X 0 0 0 JEFF LEEAR DIRECTOR 1.50 X 0 0 0 MARI ANN KRONEMAN DIRECTOR 1.50 X 0 0 0 CAROLYN LOFTAAS DIRECTOR 1.50 X 0 0 0 TIM KNUTSON DIRECTOR 1.50 X 0 0 0 JOSH STEINBERG DIRECTOR 1.50 X 0 0 0 SCOTT KESSLER ADMINISTRATOR - PART YEAR 40.00 X 75000 0 30711 SHARINA WINTER ADMINISTRATOR 40.00 X 8654 0 0 83654 0 30711 0 0 0 0 0 19996 19996 PATIENT AND RESIDENT R 623000 4868294 4868294 OTHER PROGRAM INCOME 623000 38450 38450 4906744 82395 82395 851596 843864 7732 7732 7732 5016867 4906744 0 90127 X 114365 114365 2360857 2149151 211706 24703 23629 1074 736279 682430 53849 195782 187360 8422 71340 71340 8731 8731 1032407 950262 82145 6482 6482 10521 2056 8465 69822 25246 44576 458172 269948 188224 3133 746 2387 10186 10186 36242 36242 275092 268176 6916 FOOD AND DEPARTMENT SUP 461100 461100 CREDIT LOSS EXPENSE 29725 29725 FOOD AND DEPARTMENT SUP 6226 6226 34705 979 33726 5945870 5097236 848634 0 72479 13842 46378 2504 545438 692222 1692 3755 10566214 6352818 4217917 4213396 1774908 1009221 1086051 860061 28241 21325 7773104 6816326 154011 532997 880211 764965 332202 48428 1366424 1346390 X 6406680 5469936 6406680 5469936 7773104 6816326 X -929003 -6610 -1131 X 0 1 X 1 0 X 910368 335734 4847 31930 19996 1302875 3807372 3752514 3961963 4667381 4906744 21095974 4717740 4088248 3966810 4699311 4926740 22398849 0 0 0 22398849 77136 480641 -303442 64058 82395 400788 77136 480641 -303442 64058 82395 400788 21191 39120 17675 30452 108438 4816067 4608009 3681043 4793821 5009135 22908075 0.97780 0.97430 0.01750 0.01970 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2020 AMOUNT: $ 21,191. 2021 AMOUNT: $ 39,120. 2022 AMOUNT: $ 17,675. 2023 AMOUNT: $ 30,452. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37605 37605 8382144 4665089 3717055 178783 133893 44890 1967682 1553836 413846 4213396 CASH VALUE OF LIFE ANNUITIES 860061 F 860061 LEASE LIABILITY 22428 SECURITY DEPOSITS 26000 48428 5000395 -6610 -6610 5007005 8731 1131 9862 5016867 5937139 0 5937139 8731 8731 5945870 PART XI, LINE 4B - OTHER ADJUSTMENTS: CASH VALUE OF LIFE ANNUITIES CHANGE 1,131. A REVENUE BONDS 426005048 2007-07-01 2800000 CONSTRUCTION OF ASSISTED LIVING FACILITY AND REFINANCING OF EXISTING DEBT 0 0 0 A 1982410 2800000 262952 58853 69055 2419140 2007 0 0 1 1 A 1 0 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B ADMINISTRATOR REVIEWS THE RETURN AND THEN DISCUSSES WITH THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL DIRECTORS, OFFICERS, AND KEY PERSONS OF THE ORGANIZATION. "KEY PERSON" IS DEFINED AS ANYONE WHO HAS RESPONSIBILITIES OR INFLUENCE SIMILAR TO DIRECTORS AND OFFICERS, MANAGES SIGNIFICANT SEGMENTS OF THE ORGANIZATION, OR CONTROLS SUBSTANTIAL CAPITAL EXPENDITURES OR BUDGETS. POTENTIAL CONFLICTS MUST BE DISCLOSED IN WRITING TO THE AUDIT COMMITTEE AS SOON AS THEY ARE IDENTIFIED AND BEFORE ANY RELATED ACTIONS ARE TAKEN. ANNUAL DISCLOSURE STATEMENTS ARE ALSO REQUIRED, AND DIRECTORS MUST SUBMIT THESE PRIOR TO THEIR INITIAL ELECTION. THE AUDIT COMMITTEE REVIEWS DISCLOSURES AND DETERMINES WHETHER A CONFLICT OF INTEREST EXISTS. THE INDIVIDUAL WITH THE POTENTIAL CONFLICT MUST NOT BE PRESENT FOR DELIBERATION OR VOTING AND MUST NOT ATTEMPT TO INFLUENCE THE DETERMINATION. IF A CONFLICT IS FOUND, THE MATTER IS REFERRED TO THE BOARD OF DIRECTORS FOR FURTHER ACTION. INDIVIDUALS WITH A CONFLICT MUST NOT BE PRESENT DURING BOARD OR COMMITTEE DISCUSSIONS OR VOTES ON THE MATTER AND MUST NOT ATTEMPT TO IMPROPERLY INFLUENCE THE PROCESS. FOR RELATED PARTY TRANSACTIONS, THE CONFLICTED PERSON MUST MAKE A GOOD FAITH DISCLOSURE OF MATERIAL FACTS, AND THE BOARD OR AUTHORIZED COMMITTEE MUST DETERMINE THAT THE TRANSACTION IS FAIR, REASONABLE, AND IN THE ORGANIZATION'S BEST INTEREST. THE ORGANIZATION IS PROHIBITED FROM MAKING LOANS TO ANY DIRECTOR OR OFFICER. NO PERSON MAY PARTICIPATE IN DISCUSSIONS OR VOTES REGARDING THEIR OWN COMPENSATION, THE COMPENSATION OF THEIR RELATIVES, OR ANYONE WHO CAN DIRECTLY AFFECT THEIR FINANCIAL INTERESTS. THE MINUTES OF ANY BOARD MEETING WHERE A CONFLICT OR POTENTIAL CONFLICT IS DISCUSSED OR VOTED UPON MUST INCLUDE: THE NAME OF THE INTERESTED PARTY AND THE NATURE OF THE INTEREST THE DECISION AS TO WHETHER THE INTEREST PRESENTED A CONFLICT ANY ALTERNATIVES TO THE PROPOSED TRANSACTION CONSIDERED BY THE BOARD IF THE TRANSACTION WAS APPROVED, THE BASIS FOR APPROVAL FOR COMPENSATION DECISIONS, DOCUMENTATION MUST INCLUDE TERMS, DATE, ATTENDEES, COMPARABILITY DATA, AND ANY ACTIONS REGARDING CONFLICTS OF INTEREST IN THE PROCESS FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS DETERMINES THE SASLARY OF THE ADMINISTRATOR BY DOING AN AREA MARKET SURVEY OF OTHER NURSING HOMES IN THE AREA. THEY COMPARE SALARIES, BENEFITS AND EXPERIENCE OF THE ADMINISTRATORS AND FROM THIS SURVEY AND DISCUSSIONS THEY DETERMINE AND SET THE ADMINISTRATOR'S SALARY FOR LUTHERAN RETIREMENT HOME. FORM 990, PART VI, SECTION C, LINE 19 LUTHERAN RETIREMENT HOME MAKES ALL OF THEIR GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS AND FORM 990 TAX RETURN AVAILABLE AT ANY TIME TO THE PUBIC. FORM 990, PART IX, LINE 11G CONTRACT NURSING: PROGRAM SERVICE EXPENSES 820,855. MANAGEMENT AND GENERAL EXPENSES 761. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 821,616. OTHER FEES: PROGRAM SERVICE EXPENSES 129,407. MANAGEMENT AND GENERAL EXPENSES 81,384. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 210,791. FORM 990, PART XI, LINE 9: CHANGE IN CASH VALUE OF LIFE ANNUITY -1,131.