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Nonprofiteer
← LIFESTREAM COMPLETE SENIOR LIVING AT THUNDERBIRD INC

Form 990 for tax year 2023

Filed by LIFESTREAM COMPLETE SENIOR LIVING AT THUNDERBIRD INC.

Totals

Total revenue
$2,383,229
Total expenses
$3,146,109
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,358,711
Investment income
$19,385
Other revenue
$5,133
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$2,981,894
Management and general expenses
$164,215
Fundraising expenses
$0
Program service expenses (Part III)
$2,981,894

Program services were 94.8% 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.

  • 2a · Program service revenue: SENIOR HOUSING

    total $2,358,711 · related or exempt $2,358,711

  • 3 · Investment income

    total $2 · excluded $2

  • 7a · Gross sales of assets other than inventory

    securities $19,383

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $19,383

  • 7d · Net gain or loss

    total $19,383 · excluded $19,383

  • 11a · Other revenue: OTHER RESIDENT SERVICE

    total $5,133 · excluded $5,133

  • 11e · Other revenue, total

    $5,133

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,413,091 · program services $1,413,091

  • 9 · Other employee benefits

    total $151,166 · program services $151,166

  • 10 · Payroll taxes

    total $104,424 · program services $104,424

  • 11a · Fees: management

    total $48,665 · program services $48,665

  • 11b · Fees: legal

    total $1,103 · management and general $1,103

  • 11g · Fees: other

    total $15,317 · program services $15,317

  • 12 · Advertising and promotion

    total $26,817 · management and general $26,817

  • 13 · Office expenses

    total $131,669 · program services $131,669

  • 14 · Information technology

    total $33,059 · management and general $33,059

  • 16 · Occupancy

    total $382,162 · program services $382,162

  • 17 · Travel

    total $2,685 · program services $2,685

  • 19 · Conferences, conventions and meetings

    total $1,399 · management and general $1,399

  • 20 · Interest

    total $194,098 · program services $194,098

  • 22 · Depreciation, depletion and amortization

    total $230,679 · program services $230,679

  • 23 · Insurance

    total $101,837 · management and general $101,837

  • 24a · Other expenses: RESIDENT SERVICES / FOO

    total $132,422 · program services $132,422

  • 24b · Other expenses: MAINTENANCE AND REPAIRS

    total $91,201 · program services $91,201

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $59,946 · program services $59,946

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $20,006 · program services $20,006

  • 24e · All other expenses

    total $4,363 · program services $4,363

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,396 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $314,156 · end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $14,631 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $9,815 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,041 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,643,333 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $172,509

  • 19 · Deferred revenue

    beginning of year $4,444

  • 20 · Tax-exempt bond liabilities

    beginning of year $2,949,538

  • 21 · Escrow or custodial account liability

    beginning of year $396

  • 23 · Secured mortgages and notes payable

    beginning of year $190,002

  • 25 · Other liabilities

    beginning of year $6,904,998 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$8,229,515 · end of year $0

Mission and programs · 2023

Mission

OUR MISSION IS TO SERVE SENIORS BY ENRICHING THEIR PHYSICAL, EMOTIONAL AND SPIRITUAL HEALTH IN A CLOSE-KNIT COMMUNITY.

Activities or mission (Part I)

SERVING SENIORS BY ENRICHING THEIR PHYSICAL, EMOTIONAL AND SPIRITUAL HEALTH IN A CLOSE-KNIT COMMUNITY.

  • LIFESTREAM AT THUNDERBIRD OPERATES A 170-APARTMENT RETIREMENT COMMUNITY IN GLENDALE, ARIZONA. THE CAMPUS INCLUDES 170 APARTMENTS OF INDEPENDENT LIVING. SERVICES INCLUDE ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, MEDICATION MANAGEMENT, WELL-BEING CHECKS, TRANSPORTATION, ACTIVITIES PROGRAMS, HOUSEKEEPING AND LAUNDRY, MEALS IN A DINING ROOM, SPIRITUAL CARE VIA A CHAPLAIN, AND OTHER SERVICES TO OUR RESIDENTS.

    Expenses $2,981,894 · Revenue $2,358,711

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dana Rasic

    BOARD CHAIR / CEO

    Total calculated
    $380,291
    From this org
    $0
    From related orgs
    $364,389
    Other
    $15,902
    Hours/week
    2 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $340,497 related
    Bonus
    $0 + $23,892 related
    Other
    $0
    Deferred
    $0 + $6,600 related
    Nontaxable benefits
    $0 + $9,302 related
    Filer's total
    $0 + $380,291 related

  • Nathan Merrill

    TREASURER / CFO

    Total calculated
    $269,393
    From this org
    $0
    From related orgs
    $249,361
    Other
    $20,032
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $236,579 related
    Bonus
    $0 + $12,782 related
    Other
    $0
    Deferred
    $0 + $5,051 related
    Nontaxable benefits
    $0 + $14,981 related
    Filer's total
    $0 + $269,393 related

  • Austin Harbach

    ASSISTANT SECRETARY

    Total calculated
    $125,791
    From this org
    $0
    From related orgs
    $115,312
    Other
    $10,479
    Hours/week
    2 + 46 related

  • Tom Workman

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 4.5 related

  • Brian Larena

    EXECUTIVE DIRECTOR (END 8/23)

    Total calculated
    $132,159
    From this org
    $0
    From related orgs
    $122,724
    Other
    $9,435
    Hours/week
    40

  • Dale Turner

    BOARD MEMBER

    Total calculated
    $61,000
    From this org
    $0
    From related orgs
    $61,000
    Other
    $0
    Hours/week
    1 + 11 related

  • Dan Vagle

    BOARD MEMBER

    Total calculated
    $61,000
    From this org
    $0
    From related orgs
    $61,000
    Other
    $0
    Hours/week
    1 + 11 related

  • Don Morgan

    BOARD MEMBER

    Total calculated
    $61,000
    From this org
    $0
    From related orgs
    $61,000
    Other
    $0
    Hours/week
    1 + 11 related

  • Jenny Kennedy

    BOARD MEMBER

    Total calculated
    $10,453
    From this org
    $0
    From related orgs
    $10,453
    Other
    $0
    Hours/week
    1 + 46 related

  • Larry Smith

    BOARD MEMBER

    Total calculated
    $30,500
    From this org
    $0
    From related orgs
    $30,500
    Other
    $0
    Hours/week
    1 + 11 related

  • Rick Summers

    BOARD MEMBER / COO

    Total calculated
    $254,542
    From this org
    $0
    From related orgs
    $241,509
    Other
    $13,033
    Hours/week
    3 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $235,594 related
    Bonus
    $0 + $5,915 related
    Other
    $0
    Deferred
    $0 + $4,819 related
    Nontaxable benefits
    $0 + $8,214 related
    Filer's total
    $0 + $254,542 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433209349322468

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