Luther Crest INC: FY2022 Nonprofit Profile & Form 990 (EIN 42-1492887)

Revenue by fiscal year
FY2020	$404K
FY2021	$406K
FY2022	$423K
FY2023	$470K
FY2024	$515K

Expenses by fiscal year
FY2020	$529K
FY2021	$562K
FY2022	$566K
FY2023	$613K
FY2024	$591K

Net assets by fiscal year
FY2020	$3.1M
FY2021	$3.0M
FY2022	$2.9M
FY2023	$2.7M
FY2024	$2.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1999.

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

Where the money goes

88 cents of each dollar spent went to programs.

88%

12%

Program services 88% · $500K Management & general 12% · $66K

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

Something off? Claim to add context

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation

Joyce Marinaccio

President

$0Pt VII · Sec A

Kim Wilkins

Vice President

$0Pt VII · Sec A

John Newman

Treasurer

$0Pt VII · Sec A

Jerrilea Jay Eldredge

Director

$0Pt VII · Sec A

Kevin Krebs

Director

$0Pt VII · Sec A

Nancy Beaderstadt

Director

$0Pt VII · Sec A

Jane Rock

Director

$0Pt VII · Sec A

Shari Schledewitz

Secretary

$0Pt VII · Sec A

See Luther Crest INC executive salaries →

Questions the 990 asks

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

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers affordable housing to low-income seniors.

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2 programs · $500K · in their own filed words · FY2022

01

The organization provides 77 units of affordable quality housing for the elderly.

$473Kprogram expense

02

To provide service to enhance the quality of living of the residents.

$27Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2024

Fraternal Order of Eagles 4264 AerieFY2024$10K

Total grants receivedfrom 1 funder$10K

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending Dec 2025 · $5.3M federal money spent

Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$5.3M

The auditor reported no findings.

Year ending Dec 2024 · $5.3M federal money spent

Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$5.3M

The auditor reported 1 finding: questioned costs.

Year ending Dec 2023 · $5.2M federal money spent

Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$5.2M

The auditor reported 1 finding: a weakness in money controls, questioned costs.

Year ending Dec 2022 · $5.2M federal money spent

Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$5.2M

The auditor reported no findings.

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$423K

Ln 12

Fees for servicesLn 2g$423K

Investment incomeLn 3$32

Money outPt IX

$566K

Ln 25

Programscol B$500K

Managementcol C$66K

Owns and owesPt X

$2.9M

net assets · Ln 32

Cash and savingsLn 1–2$1K

Total assetsLn 16$2.9M

LiabilitiesLn 26$82K

PeoplePt VI, VII

15

listed · VII A

PaidVII A0

Voting boardVI 1a14

IndependentVI 1b14

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$423K

Investment incomeLn 3$32

Total revenueLn 12$423K

Assets in detailPt X, end of year

CashLn 1$1K

Cash and savings togetherLn 1–2$1K

Accounts receivableLn 4$1K

Prepaid expenses and deferred chargesLn 9$26K

Land, buildings, equipmentLn 10c$2.7M

Other assetsLn 15$157K

Total assetsLn 16$2.9M

LiabilitiesLn 26$82K

Net assetsLn 32$2.9M

OperationsPt I, VI

EmployeesI 50

VolunteersI 610

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$2K	$1K
Land, buildings, equipmentLn 10c	$2.9M	$2.7M
Total assetsLn 16	$3.1M	$2.9M
LiabilitiesLn 26	$71K	$82K
Net assetsLn 32	$3.0M	$2.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$131K	$131K
Other employee benefitsLn 9	$7K	$7K
Payroll taxesLn 10	$12K	$12K
Management feesLn 11a	$45K		$45K
Accounting feesLn 11c	$17K		$17K
Other fees for servicesLn 11g	$155		$155
Advertising and promotionLn 12	$3K	$3K
Office expensesLn 13	$7K	$7K
Information technologyLn 14	$5K	$5K
OccupancyLn 16	$81K	$81K
TravelLn 17	$486		$486
Conferences, conventions and meetingsLn 19	$214		$214
Depreciation, depletion and amortizationLn 22	$146K	$146K
InsuranceLn 23	$25K	$25K	$160
Other expenses (24a–d)Ln 24	$86K	$83K	$3K
All other expensesLn 24e	$420	$420
Total functional expensesLn 25	$566K	$500K	$66K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 LatestFiled with the IRS Jun 13, 2025	$515K	$591K	−$76K	$2.6M	990 PDF
FY2023Filed with the IRS May 14, 2024	$470K	$613K	−$142K	$2.7M	990 PDF
FY2022 ViewingFiled with the IRS May 15, 2023	$423K	$566K	−$143K	$2.9M	990 PDF
FY2021Filed with the IRS Jun 9, 2022	$406K	$562K	−$156K	$3.0M	990 PDF
FY2020Filed with the IRS Sep 27, 2021	$404K	$529K	−$125K	$3.1M	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2022 990 (6 parts)

Part I · Summary $422,550 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $405,817$422,518

I-10 Investment incomePrior year $15$32

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $405,832$422,550

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $143,896$149,966

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $417,864$415,656

I-18 Total expensesPrior year $561,760$565,622

I-19 Revenue less expensesPrior year −$155,928−$143,072

Part VI · Governance 14 of 14 board members independent, 3 to look at

VI-1a Voting members of the governing body14

VI-1b Independent voting members14

VI-2 Family or business relationship among officers or directorsYes

VI-13 Written whistleblower policyNo

VI-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $422,550 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $422,518$422,518

VIII-3 Investment incomeExcluded from tax $32$32

VIII-12 Total revenueRelated to mission $422,518 · Unrelated business $0 · Excluded from tax $32$422,550

Part IX · Statement of functional expenses $565,622 across 16 lines filed

IX-7 Other salaries and wagesPrograms $131,178$131,178

IX-9 Other employee benefitsPrograms $7,080$7,080

IX-10 Payroll taxesPrograms $11,708$11,708

IX-11a Management feesManagement $45,265$45,265

IX-11c Accounting feesManagement $16,707$16,707

IX-11g Other fees for servicesManagement $155$155

IX-12 Advertising and promotionPrograms $2,533$2,533

IX-13 Office expensesPrograms $7,308$7,308

IX-14 Information technologyPrograms $5,155$5,155

IX-16 OccupancyPrograms $80,597$80,597

IX-17 TravelManagement $486$486

IX-19 Conferences, conventions and meetingsManagement $214$214

IX-22 Depreciation, depletion and amortizationPrograms $146,450$146,450

IX-23 InsurancePrograms $24,697 · Management $160$24,857

IX-24 Other expenses (24a–d)Programs $82,778 · Management $2,731$85,509

IX-24e All other expensesPrograms $420$420

IX-25 Total functional expensesPrograms $499,904 · Management $65,718 · Fundraising $0$565,622

Part X · Balance sheet $2,931,887 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $2,403$1,458

X-4 Accounts receivableStart of year $413$1,418

X-9 Prepaid expenses and deferred chargesStart of year $1,853$25,778

X-10c Land, buildings and equipment, netStart of year $2,881,585$2,746,134

X-15 Other assetsStart of year $177,611$157,099

X-16 Total assetsStart of year $3,063,865$2,931,887

X-17 Accounts payable and accrued expensesStart of year $41,116$51,234

X-19 Deferred revenueStart of year $1,918$535

X-25 Other liabilitiesStart of year $27,597$29,956

X-26 Total liabilitiesStart of year $70,631$81,725

X-27 Net assets without donor restrictionsStart of year −$2,139,566−$2,282,638

X-28 Net assets with donor restrictionsStart of year $5,132,800$5,132,800

X-32 Total net assets or fund balancesStart of year $2,993,234$2,850,162

X-33 Total liabilities and net assetsStart of year $3,063,865$2,931,887

Part XI · Reconciliation of net assets $2,850,162 net assets at year end

XI-1 Total revenue$422,550

XI-2 Total expenses$565,622

XI-3 Revenue less expenses−$143,072

XI-4 Net assets at start of year$2,993,234

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$2,850,162

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Luther Crest INC FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Luther Crest INC

Funders

Grants

Federal money

By the numbers

Filing history

Schedules filed Part IV