Provide a home for seniors that satisfies their three primary needs.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 102 volunteers and 561 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $3.7M a year · 7% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$285.6M
115% of total assets
Concern: liabilities are 115% of assets; over 80%.
Pt X · Ln 26
Independent board members
10
of 14 voting members
Looks good: 10 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$49.6M
+4% vs prior year
Spent
$56.4M
To programs
86%
Net assets
−$36.3M
By yearFY2020–FY2024
Revenue
$49.6M
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$45.7M
FY2021$49.1M
FY2022$54.0M
FY2023$47.6M
FY2024$49.6M
Expenses
$56.4M
FY2024▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$45.1M
FY2021$54.2M
FY2022$60.2M
FY2023$48.6M
FY2024$56.4M
Net assets
−$36.3M
FY2024▼ -23%
Tap a bar for its year
Net assets by fiscal year
FY2020−$19.7M
FY2021−$24.9M
FY2022−$31.5M
FY2023−$29.7M
FY2024−$36.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $48.7M Management & general 14% · $7.7M Fundraising 0% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

30 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director (thru 10/3/24)
$290,692Pt VII · Sec A
Director, Nursing
$153,133Pt VII · Sec A
Director, Finance (beg 3/8/24)
$151,391Pt VII · Sec A
Manager, Sales
$137,022Pt VII · Sec A
Health Care Counselor
$123,470Pt VII · Sec A
Mds Coordinator
$123,411Pt VII · Sec A
Sales Counselor
$119,066Pt VII · Sec A
Infection Preventionist
$115,790Pt VII · Sec A

Craig Karczmer’s $291K as Executive Director (thru 10/3/24) is at the 76th percentile of top reported officer pay among 676 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Craig Karczmer$290,692$277,846$263,443$262,006$272,297
Allison Eckhardt——$97,569$159,536$166,210
Jeddie Garcia————$153,405
Linda Bechtold$153,133$148,847$137,153$116,509$101,380
Joseph Pisano$151,391————
Jack Walsh$137,022————
Terri Campbell$123,470$114,087———
Marissa Delatorre$123,411$113,572———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Lantern Hill INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers seniors a home meeting their essential needs for comfort, care, and community.

Questions for Lantern Hill INC

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Provided by the organization

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1 program · $48.7M · in their own filed words · FY2024
01

Lantern hill provides services needed by senior residents, who reside in 430 independent living units, 42 assisted living units and 40 skilled nursing beds. The services we provide to our residents include, but are not limited to housing, food, medical, security and maintenance services, recreational and pastoral activities.

$48.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$15K
Grants paid · 2 grants · $16K · 2023–2024
Unitemized GrantFY2024$9,000
Unitemized GrantFY2023$7,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$49.6M
Ln 12
Fees for servicesLn 2g$48.5M
Investment incomeLn 3$440K
Gifts and grantsLn 1h$408K
Money outPt IX
$56.4M
Ln 25
Programscol B$48.7M
Managementcol C$7.7M
Fundraisingcol D$3K
Owns and owesPt X
−$36.3M
net assets · Ln 32
Cash and savingsLn 1–2$13.2M
Total assetsLn 16$249.2M
LiabilitiesLn 26$285.6M
PeoplePt VI, VII
30
listed · VII A
PaidVII A9
Voting boardVI 1a14
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$408K
Noncash giftsLn 1g$8K
Fees for servicesLn 2g$48.5M
Investment incomeLn 3$440K
Other incomeLn 4–11$262K
Gains on assetsLn 7$59K
Total revenueLn 12$49.6M
Assets in detailPt X, end of year
SavingsLn 2$13.2M
Cash and savings togetherLn 1–2$13.2M
InvestmentsLn 11–13$1.3M
Land, buildings, equipmentLn 10c$5.1M
Other assetsLn 15$225.4M
Total assetsLn 16$249.2M
LiabilitiesLn 26$285.6M
Net assetsLn 32−$36.3M
OperationsPt I, VI
EmployeesI 5561
VolunteersI 6102
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3.4M$13.2M
InvestmentsLn 11–13$1.5M$1.3M
Land, buildings, equipmentLn 10c$3.7M$5.1M
Total assetsLn 16$247.3M$249.2M
LiabilitiesLn 26$277.0M$285.6M
Net assetsLn 32−$29.7M−$36.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$9K$9K
Pay of current officers, directors and key staffLn 5$734K$734K
Other salaries and wagesLn 7$15.6M$13.0M$2.5M
Pension plan contributionsLn 8$251K$200K$51K
Other employee benefitsLn 9$2.1M$1.7M$439K
Payroll taxesLn 10$1.5M$1.3M$234K
Management feesLn 11a$1.9M$1.9M
Legal feesLn 11b$338K$1K$337K
Accounting feesLn 11c$68K$68K
Investment management feesLn 11f$16K$16K
Other fees for servicesLn 11g$2.7M$2.7M
Advertising and promotionLn 12$1.8M$1.8M
Office expensesLn 13$3.4M$3.0M$421K$1K
OccupancyLn 16$5.8M$5.8M$1K
TravelLn 17$106K$53K$52K$323
InterestLn 20$10.3M$10.3M
Depreciation, depletion and amortizationLn 22$6.9M$6.9M
InsuranceLn 23$474K$474K
Other expenses (24a–d)Ln 24$2.4M$2.2M$156K$2K
Total functional expensesLn 25$56.4M$48.7M$7.7M$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $49.6M$56.4M−$6.9M−$36.3M 990 PDF
FY2023 $47.6M$48.6M−$984K−$29.7M 990 PDF
FY2022 $54.0M$60.2M−$6.1M−$31.5M 990 PDF
FY2021 $49.1M$54.2M−$5.1M−$24.9M 990 PDF
FY2020 $45.7M$45.1M$599K−$19.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $49,571,543 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,055,882$408,481
I-9 Program service revenuePrior year $46,183,562$48,461,136
I-10 Investment incomePrior year $198,547$439,697
I-11 Other revenuePrior year $201,248$262,229
I-12 Total revenuePrior year $47,639,239$49,571,543
I-13 Grants and similar amounts paidPrior year $7,000$9,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $18,612,088$20,212,766
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $30,004,316$36,203,314
I-18 Total expensesPrior year $48,623,404$56,425,080
I-19 Revenue less expensesPrior year −$984,165−$6,853,537
Part VI · Governance 10 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $49,571,543 across 8 lines filed
VIII-1f All other contributions, gifts and grants$408,481
VIII-1g Noncash contributions (included above)$7,627
VIII-1h Total contributions, gifts and grants$408,481
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $48,461,136$48,461,136
VIII-3 Investment incomeExcluded from tax $380,819$380,819
VIII-6 Net rental income or lossExcluded from tax $262,229$262,229
VIII-7 Net gain or loss on sales of assetsExcluded from tax $58,878$58,878
VIII-12 Total revenueRelated to mission $48,461,136 · Unrelated business $0 · Excluded from tax $701,926$49,571,543
Part IX · Statement of functional expenses $56,425,080 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $9,000$9,000
IX-5 Pay of current officers, directors and key staffManagement $734,083$734,083
IX-7 Other salaries and wagesPrograms $13,048,682 · Management $2,506,911$15,555,593
IX-8 Pension plan contributionsPrograms $200,195 · Management $50,553$250,748
IX-9 Other employee benefitsPrograms $1,685,054 · Management $438,878$2,123,932
IX-10 Payroll taxesPrograms $1,314,629 · Management $233,781$1,548,410
IX-11a Management feesPrograms $1,898,882$1,898,882
IX-11b Legal feesPrograms $1,254 · Management $336,993$338,247
IX-11c Accounting feesManagement $68,207$68,207
IX-11f Investment management feesManagement $15,876$15,876
IX-11g Other fees for servicesManagement $2,709,737$2,709,737
IX-12 Advertising and promotionPrograms $1,770,407$1,770,407
IX-13 Office expensesPrograms $3,016,048 · Management $420,655 · Fundraising $1,150$3,437,853
IX-16 OccupancyPrograms $5,805,050 · Management $1,000$5,806,050
IX-17 TravelPrograms $53,328 · Management $51,949 · Fundraising $323$105,600
IX-20 InterestPrograms $10,294,225$10,294,225
IX-22 Depreciation, depletion and amortizationPrograms $6,908,281$6,908,281
IX-23 InsurancePrograms $474,189$474,189
IX-24 Other expenses (24a–d)Programs $2,217,987 · Management $155,961 · Fundraising $1,812$2,375,760
IX-25 Total functional expensesPrograms $48,697,211 · Management $7,724,584 · Fundraising $3,285$56,425,080
Part X · Balance sheet $249,208,597 assets, 15 lines filed
Asset lines not itemized here account for $3,524,100; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $3,382,369$13,168,135
X-4 Accounts receivableStart of year $851,479$593,565
X-8 Inventories for sale or useStart of year $45,770$36,903
X-9 Prepaid expenses and deferred chargesStart of year $124,438$172,289
X-10c Land, buildings and equipment, netStart of year $3,718,651$5,062,608
X-11 Publicly traded securitiesStart of year $1,492,979$1,288,616
X-15 Other assetsStart of year $225,561,118$225,362,381
X-16 Total assetsStart of year $247,348,679$249,208,597
X-17 Accounts payable and accrued expensesStart of year $2,744,160$3,241,530
X-25 Other liabilitiesStart of year $267,812,162$278,145,321
X-26 Total liabilitiesStart of year $277,015,791$285,555,750
X-27 Net assets without donor restrictionsStart of year −$31,316,403−$38,035,429
X-28 Net assets with donor restrictionsStart of year $1,649,291$1,688,276
X-32 Total net assets or fund balancesStart of year −$29,667,112−$36,347,153
X-33 Total liabilities and net assetsStart of year $247,348,679$249,208,597
Part XI · Reconciliation of net assets −$36,347,153 net assets at year end
XI-1 Total revenue$49,571,543
XI-2 Total expenses$56,425,080
XI-3 Revenue less expenses−$6,853,537
XI-4 Net assets at start of year−$29,667,112
XI-5 Net unrealized gains (losses) on investments$77,859
XI-9 Other changes in net assets$95,637
XI-10 Net assets at end of year−$36,347,153

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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