Nonprofit · EIN 22-2888885
LUTHERAN RESIDENCE CORPORATION
Tax-exempt · SECAUCUS, NJ 07094
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,534,773 | $1,732,633 | -$197,860 | $35,258,166 | $0 | $35,258,166 |
| December 31, 2023 | 990 | $1,364,758 | $1,147,916 | $216,842 | $34,907,548 | $0 | $34,907,548 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $1,534,773
- Net gain from sales of assets
- $81,545
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,542,515
- Compensation of officers, directors and key employees
- $81,468
- Salaries, compensation and benefits (total)
- $81,468
- Professional fundraising fees
- $0
- Legal fees
- $1,296
- Accounting fees
- $4,500
- Program services (functional)
- $1,542,515
- Management and general (functional)
- $190,118
Balance sheet and other
- Total assets, start of year
- $34,907,548
- Total assets, end of year
- $35,258,166
- Total liabilities, end of year
- $0
- Net assets, end of year
- $35,258,166
- Publicly traded securities
- $32,311,382
- Net assets without donor restrictions
- $35,258,166
- Gross receipts
- $3,530,032
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1992
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARYN LUSSKIN | SECRETARY/TREASURER Trustee or director, Officer | 1 | $21,468 |
| CARMITA CORTES | BOARD MEMBER Trustee or director | 1 | $20,000 |
| KENNETH WESSLER | PRESIDENT Trustee or director, Officer | 1 | $20,000 |
| MARCO DELUCIA | VICE PRESIDENT Trustee or director, Officer | 1 | $20,000 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARYN LUSSKIN | SECRETARY Trustee or director, Officer | 1 | $16,430 |
| CARMITA CORTES | BOARD MEMBER Trustee or director | 1 | $15,000 |
| KENNETH WESSLER | BOARD MEMBER Trustee or director | 1 | $15,000 |
| MARCO DELUCIA | BOARD MEMBER Trustee or director | 1 | $15,000 |
Address and contacts
- Address (IRS master file)
- 1321 PATERSON PLANK ROAD, SECAUCUS, NJ 07094-3745
- Principal officer (990 for 2024)
- KARYN LUSSKIN, 1321 PATERSON PLANK ROAD, SECAUCUS, NJ 07094
- Signed the 990
- KARYN LUSSKIN, SECRETARY/TREASURER
- Phone
- (201) 401-7190
- Return prepared by
- PRAGER METIS CPAS LLC
Mission
PROVIDE SUPPORT TO ORGINATIONS THAT SERVE CHILDREN, ELDERLY INDIVIDUALS, FAMILIES IN NEED AND RELIGIOUS INSTITUTIONS OF ANY DENOMINATION.
Program accomplishments
- PROVIDE SUPPORT TO ORGINATIONS THAT SERVE CHILDREN, ELDERLY INDIVIDUALS, FAMILIES IN NEED AND RELIGIOUS INSTITUTIONS OF ANY DENOMINATION.Expenses $1,542,515 · grants $1,542,515
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2888885
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $35,258,166
- Income (IRS master file)
- $3,530,032
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,534,773 | $1,732,633 | $35,258,166 | IRS |
| 990 | December 2023 | $1,364,758 | $1,147,916 | $34,907,548 | XML |
| 990 | December 2022 | $1,321,772 | $1,176,641 | $32,980,353 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2888885).
Questions about LUTHERAN RESIDENCE CORPORATION
- What is the EIN of LUTHERAN RESIDENCE CORPORATION?
- The employer identification number (EIN) of LUTHERAN RESIDENCE CORPORATION is 22-2888885.
- Is LUTHERAN RESIDENCE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to LUTHERAN RESIDENCE CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LUTHERAN RESIDENCE CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LUTHERAN RESIDENCE CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LUTHERAN RESIDENCE CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LUTHERAN RESIDENCE CORPORATION?
- The 990 for the year ended December 31, 2024 names KARYN LUSSKIN.
- Who are the officers and directors of LUTHERAN RESIDENCE CORPORATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 4 received compensation from the organization, the highest $21,468 (KARYN LUSSKIN, SECRETARY/TREASURER).
- How much revenue does LUTHERAN RESIDENCE CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,534,773, expenses of $1,732,633 and total assets of $35,258,166 at year end.
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