Totals
- Total revenue
- $11,136,212
- Total expenses
- $17,117,135
- Contributions and grants received
- $32,206
- Grants paid
- $0
- Program service revenue
- $10,984,511
- Investment income
- $119,104
- Other revenue
- $391
- Total assets, end of year
- $40,604,714
- Total liabilities, end of year
- $51,862,399
- Net assets or fund balances, end of year
- -$11,257,685
- Program services expenses (Part IX)
- $15,349,508
- Management and general expenses
- $1,767,627
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $15,349,508
Program services were 89.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$32,206
-
2a · Program service revenue: INDEPENDENT LIVING
total $5,004,576 · related or exempt $5,004,576
-
2b · Program service revenue: SKILLED NURSING
total $3,341,263 · related or exempt $3,341,263
-
2c · Program service revenue: ASSISTED LIVING
total $2,186,440 · related or exempt $2,186,440
-
2d · Program service revenue: ENTRANCE FEES
total $452,232 · related or exempt $452,232
-
3 · Investment income
total $119,104 · excluded $119,104
-
11a · Other revenue: TECHNOLOGY PACKAGE INC
total $391 · excluded $391
-
11e · Other revenue, total
$391
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $4,877,299 · program services $3,901,839 · management and general $975,460
-
9 · Other employee benefits
total $924,158 · program services $739,326 · management and general $184,832
-
10 · Payroll taxes
total $444,934 · program services $355,947 · management and general $88,987
-
11a · Fees: management
total $603,139 · program services $572,982 · management and general $30,157
-
11b · Fees: legal
total $3,248 · management and general $3,248
-
11f · Fees: investment management
total -$2,957 · management and general -$2,957
-
11g · Fees: other
total $217,933 · program services $207,036 · management and general $10,897
-
12 · Advertising and promotion
total $325,378 · program services $260,302 · management and general $65,076
-
13 · Office expenses
total $300,878 · program services $240,702 · management and general $60,176
-
14 · Information technology
total $266,624 · program services $213,299 · management and general $53,325
-
16 · Occupancy
total $1,433,559 · program services $1,433,559
-
17 · Travel
total $86,681 · program services $69,345 · management and general $17,336
-
20 · Interest
total $1,455,893 · program services $1,455,893
-
22 · Depreciation, depletion and amortization
total $4,223,005 · program services $4,011,855 · management and general $211,150
-
23 · Insurance
total $128,876 · program services $126,298 · management and general $2,578
-
24a · Other expenses: FOOD
total $652,989 · program services $652,989
-
24b · Other expenses: DIETARY
total $517,807 · program services $517,807
-
24c · Other expenses: PLANT OPERATIONS
total $320,886 · program services $320,886
-
24d · Other expenses: PROFESSIONAL DUES/FEES
total $93,763 · program services $75,010 · management and general $18,753
-
24e · All other expenses
total $243,042 · program services $194,433 · management and general $48,609
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $567,945 · end of year $285,957
-
4 · Accounts receivable
beginning of year $360,325 · end of year $412,594
-
8 · Inventories for sale or use
beginning of year $17,716 · end of year $17,716
-
9 · Prepaid expenses and deferred charges
beginning of year $69,527 · end of year $42,566
-
10a · Land, buildings and equipment: cost or other basis
$23,174,760
-
10b · Land, buildings and equipment: accumulated depreciation
$1,802,774
-
10c · Land, buildings and equipment, net
beginning of year $20,709,624 · end of year $21,371,986
-
14 · Intangible assets
beginning of year $16,300,123 · end of year $14,150,657
-
15 · Other assets
beginning of year $4,032,521 · end of year $4,323,238
-
17 · Accounts payable and accrued expenses
beginning of year $1,512,777 · end of year $1,832,450
-
19 · Deferred revenue
beginning of year $263,151 · end of year $63,478
-
20 · Tax-exempt bond liabilities
beginning of year $21,767,903 · end of year $20,933,049
-
23 · Secured mortgages and notes payable
beginning of year $2,220,000 · end of year $2,220,000
-
25 · Other liabilities
beginning of year $21,178,428 · end of year $26,813,422
-
27 · Net assets without donor restrictions
beginning of year -$4,884,478 · end of year -$11,257,685
Listed in Part VII
-
JESSE JANTZEN
PRESIDENT & CFO
- Total calculated
- $1,302,737
- From this org
- $0
- From related orgs
- $1,201,697
- Other
- $101,040
- Hours/week
- 0.33 + 43.67 related
Schedule J breakdown matched by us
- Base
- $0 + $753,053 related
- Bonus
- $0 + $445,740 related
- Other
- $0 + $2,904 related
- Deferred
- $0 + $98,171 related
- Nontaxable benefits
- $0 + $2,869 related
- Filer's total
- $0 + $1,302,737 related
-
JOSEPH GORMAN
GENERAL COUNSEL
- Total calculated
- $547,040
- From this org
- $0
- From related orgs
- $504,000
- Other
- $43,040
- Hours/week
- 0.33 + 43.67 related
Schedule J breakdown matched by us
- Base
- $0 + $375,132 related
- Bonus
- $0 + $124,764 related
- Other
- $0 + $4,104 related
- Deferred
- $0 + $42,900 related
- Nontaxable benefits
- $0 + $140 related
- Filer's total
- $0 + $547,040 related
-
NICHOLAS HARSHFIELD
CHIEF FINANCIAL OFFICER
- Total calculated
- $721,949
- From this org
- $0
- From related orgs
- $679,873
- Other
- $42,076
- Hours/week
- 0.33 + 43.67 related
Schedule J breakdown matched by us
- Base
- $0 + $472,987 related
- Bonus
- $0 + $202,782 related
- Other
- $0 + $4,104 related
- Deferred
- $0 + $42,076 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $721,949 related
-
JOSHUA FOSHEE
DIRECTOR OF SALES
- Total calculated
- $157,485
- From this org
- $156,820
- From related orgs
- $0
- Other
- $665
- Hours/week
- 42
Schedule J breakdown matched by us
- Base
- $85,870
- Bonus
- $70,050
- Other
- $900
- Deferred
- $0
- Nontaxable benefits
- $665
- Filer's total
- $157,485
-
MICHAEL BASS
DIRECTOR OF NURSING SERVICES
- Total calculated
- $127,057
- From this org
- $127,057
- From related orgs
- $0
- Other
- $0
- Hours/week
- 42
-
MELISSA BARRETT
SALES COUNSELOR
- Total calculated
- $121,411
- From this org
- $120,270
- From related orgs
- $0
- Other
- $1,141
- Hours/week
- 42
-
CARMEN CARROLL
COMMUNITY OUTREACH COORDINATOR
- Total calculated
- $113,864
- From this org
- $113,184
- From related orgs
- $0
- Other
- $680
- Hours/week
- 42
-
HANNAS BEARD JACKSON
DIRECTOR ASSISTED LIVING & MEMORY CARE
- Total calculated
- $103,820
- From this org
- $103,507
- From related orgs
- $0
- Other
- $313
- Hours/week
- 42
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE COMPENSATION OF THE PRESIDENT & CEO IS DETERMINED BY LIFESPACE COMMUNITIES, INC., A RELATED ENTITY. THE FOLLOWING WERE USED BY LIFESPACE COMMUNITIES INC. TO DETERMINE COMPENSATION: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. FORM 990 OF OTHER ORGANIZATIONS 4. COMPENSATION SURVEY OR STUDY 5. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
- PART I, LINE 5
- THE LONG-TERM INCENTIVE PLAN HAS A CONTINGENCY FOR THE CMW PORTFOLIO TO REACH 7% OF THE NET OPERATING MARGIN; THE SHORT-TERM INCENTIVE PLAN IS CONTINGENT ON NET CASH PRODUCTION GOALS, NET ENTRANCE FEE GOALS AND NET OPERATING MARGIN GOALS THAT ARE SET.
- PART I, LINE 6
- THE LONG-TERM INCENTIVE PLAN HAS A CONTINGENCY FOR THE CMW PORTFOLIO TO REACH 7% OF THE NET OPERATING MARGIN; THE SHORT-TERM INCENTIVE PLAN IS CONTINGENT ON NET CASH PRODUCTION GOALS, NET ENTRANCE FEE GOALS AND NET OPERATING MARGIN GOALS THAT ARE SET.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)3 · OPERATION OF RETIREMENT COMMUNITIES · IA
Directly controlled by LIFESPACE INC
-
501(C)3 · SUPPORT OF RETIREMENT COMMUNITIES · IA
Directly controlled by LIFESPACE INC
-
501(C)3 · OWNERSHIP & ADMINISTRATION OF RETIREMENT COMMUNITY PROPERTY · IA
-
TARRANT COUNTY SENIOR LIVING CENTER INC
501(C)3 · OPERATION OF RETIREMENT COMMUNITIES · TX
Directly controlled by LIFESPACE INC
-
BARTON CREEK SENIOR LIVING CENTER INC
501(C)3 · OPERATION OF RETIREMENT COMMUNITIES · TX
Directly controlled by LIFESPACE INC
-
501(C)3 · OPERATION OF RETIREMENT COMMUNITIES · TX
Directly controlled by LIFESPACE INC
-
501(C)3 · OPERATION OF RETIREMENT COMMUNITIES · TX
Directly controlled by LIFESPACE INC
-
FRIENDSHIP VILLAGE OF MILL CREEK NFP
501(C)3 · OPERATION OF RETIREMENT COMMUNITIES · IL
Directly controlled by LIFESPACE INC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
C · OPERATION OF RETIREMENT COMMUNITIES · TX
-
C · RESIDENT ENTERTAINMENT SERVICES · KS
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533189349314503
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