The Village at Penn State
Legal name: Liberty Lutheran Housing Development Corporation
Nonprofit profile at a glance
- EIN
- 223876595
- IRS 990 coverage
- 2012–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-N 2011
- Location
- State College, PA, United States
- Phone
- 814-235-8900
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Affiliation
- Christianity
Reported finances
- Revenue
- $18,688,665
- Expenses
- $17,757,298
- Assets
- $57,079,785
- Liabilities
- $50,988,656
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- LUANNE FISHER (CEO/PRESIDENT UNTIL 11/25)
- ELLEN CORBIN (EXECUTIVE DIRECTOR)
Highest reported compensation
- LUANNE FISHER (CEO/PRESIDENT UNTIL 11/25): $713,396 total reported compensation
- JOHN M BARNUM (CFO/SVP THROUGH 10/25): $434,915 total reported compensation
- JOAN MYERS (SENIOR VP/COO): $372,537 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The village at penn state supports a vibrant lifestyle as a premier retirement community with a penn state university relationship.
What it reported doing in 2024
Liberty lutheran housing development corporation, d/b/a the village at penn state, is a nonprofit 501(c)(3) senior living community located in state college, Pennsylvania that provides living options and wellness amenities including independent living, personal care, short-termrehabilitation, and long-term skilled nursing care. The village at penn state's connection to Pennsylvania state university and its proximity to campus fosters a vibrant and active lifestyle for residents.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 56
- Accountability: 81
- Sustainability: 58
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.9%; rating input score 78
- Program expense ratio: 83.5%; rating input score 83
- Fundraising efficiency: $0.21 raised per $1 spent on fundraising; rating input score 1; 1st percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 90.9%; rating input score 91; 23rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 3.21; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 0.89; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 2.6%; rating input score 71; 71st percentile among comparable filings
Growth
- Program expense growth: 8.3% per year; rating input score 100; 63rd percentile among comparable filings
- Revenue growth: 6.7% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 2.5% per year; rating input score 100; 20th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 77.9% of revenue deployed · 83.5% of spending went to programs
- Governance: 10 of 11 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $14.8M in reported program spending
- Leadership: top reported pay $713K · 17 people listed · 0 of 6 pay-setting controls reported
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 9 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 1/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- Review — Sustainability: Operating margin scored 54/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.