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Nonprofiteer
← LEGACY HEALTHCARE SERVICES INC

Form 990 for tax year 2022

Filed by LEGACY HEALTHCARE SERVICES INC.

Totals

Total revenue
$131,000,981
Total expenses
$119,373,314
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$131,000,981
Investment income
$0
Other revenue
$0
Total assets, end of year
$127,970,994
Total liabilities, end of year
$10,046,171
Net assets or fund balances, end of year
$117,924,823
Program services expenses (Part IX)
$103,354,030
Management and general expenses
$16,019,284
Fundraising expenses
$0
Program service expenses (Part III)
$103,354,030

Program services were 86.6% 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: Medicare and Medicaid

    total $90,419,094 · related or exempt $90,419,094 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Medicare Managed Care

    total $33,298,544 · related or exempt $33,298,544 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Contract Revenue

    total $6,261,000 · related or exempt $6,261,000 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Self-pay

    total $1,022,343 · related or exempt $1,022,343 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,680,094 · program services $0 · management and general $1,680,094

  • 7 · Other salaries and wages

    total $90,999,804 · program services $85,256,190 · management and general $5,743,614

  • 8 · Pension plan contributions

    total $36,466 · program services $33,545 · management and general $2,921

  • 9 · Other employee benefits

    total $4,360,361 · program services $4,011,094 · management and general $349,267

  • 10 · Payroll taxes

    total $7,159,270 · program services $6,585,809 · management and general $573,461

  • 11b · Fees: legal

    total $122,791 · management and general $122,791

  • 11g · Fees: other

    total $330,890 · program services $42,214 · management and general $288,676

  • 12 · Advertising and promotion

    total $247,589 · management and general $247,589

  • 13 · Office expenses

    total $1,581,687 · program services $1,322,109 · management and general $259,578

  • 14 · Information technology

    total $1,912,482 · management and general $1,912,482

  • 16 · Occupancy

    total $4,231,481 · program services $4,064,172 · management and general $167,309

  • 17 · Travel

    total $912,042 · program services $594,376 · management and general $317,666

  • 19 · Conferences, conventions and meetings

    total $301,337 · program services $188,228 · management and general $113,109

  • 20 · Interest

    total -$488,690 · management and general -$488,690

  • 22 · Depreciation, depletion and amortization

    total $3,032,678 · management and general $3,032,678

  • 23 · Insurance

    total $293,127 · management and general $293,127

  • 24a · Other expenses: Therapy supplies

    total $985,585 · program services $985,556 · management and general $29

  • 24b · Other expenses: Professional service fees

    total $890,561 · program services $0 · management and general $890,561

  • 24c · Other expenses: Employee communication expense

    total $113,353 · program services $79,862 · management and general $33,491

  • 24d · Other expenses: Regulatory fees

    total $230,566 · program services $100 · management and general $230,466

  • 24e · All other expenses

    total $439,840 · program services $190,775 · management and general $249,065

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,157,874 · end of year $3,710,901

  • 4 · Accounts receivable

    beginning of year $20,347,455 · end of year $23,565,344

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,088,291 · end of year $199,804

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

    $471,755

  • 10b · Land, buildings and equipment: accumulated depreciation

    $206,308

  • 10c · Land, buildings and equipment, net

    beginning of year $271,251 · end of year $265,447

  • 14 · Intangible assets

    beginning of year $101,265,582 · end of year $98,321,582

  • 15 · Other assets

    beginning of year $587,496 · end of year $1,907,916

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,277,858 · end of year $9,552,781

  • 25 · Other liabilities

    end of year $493,390

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $119,440,091 · end of year $117,924,823

Mission and programs · 2022

Mission

Improve the health of senior adults so they may live life the way they want to live it through: wellness, education, safety, rehabilitation, caring.

  • Legacy Healthcare Services provides physical therapy, occupational therapy, speech language pathology, and wellness services to the geriatric population in assisted living, independent living, continuing care retirement, and memory care communities across the United States. Legacy's corporate office is located in Raleigh, North Carolina. The company also provides services at skilled nursing facilities and in numerous Medicare-certified out-patient clinics under contract arrangement. Legacy's therapeutic techniques and programs incorporate principles of rehabilitation and healthy aging while emphasizing home and community independence. The services provided are both rehabilitative and preventative with a strong component of health and fitness education. Legacy also offers a variety of clinical programs aimed at ensuring that the seniors that are served are provided with every opportunity to live their best life. Legacy's model incorporates the concept that an on-site therapy clinic based in assisted and independent living communities will benefit the residents of those communities. By creating an environment of familiarity and trust, the company's therapists are well-positioned to identify subtle changes in independence. Left unaddressed, these changes may be the tipping point for reduced mobility, advancing isolation, and premature aging.

    Expenses $103,354,030 · Revenue $131,000,981

As filed on the 2022 return.

Listed in Part VII

  • Jeff Ryan

    CEO

    Total calculated
    $384,815
    From this org
    $375,386
    From related orgs
    $0
    Other
    $9,429
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $276,066
    Bonus
    $99,320
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,429
    Filer's total
    $384,815

  • John Murta

    Board Member

    Total calculated
    $345,113
    From this org
    $0
    From related orgs
    $338,374
    Other
    $6,739
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $269,183 related
    Bonus
    $0 + $65,000 related
    Other
    $0 + $4,191 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $6,739 related
    Filer's total
    $0 + $345,113 related

  • Gil Wilson

    CFO and Treasurer

    Total calculated
    $313,384
    From this org
    $304,206
    From related orgs
    $0
    Other
    $9,178
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,907
    Bonus
    $65,780
    Other
    $6,519
    Deferred
    $0
    Nontaxable benefits
    $9,178
    Filer's total
    $313,384

  • Geoff Windley

    Senior VP of Business Development

    Total calculated
    $275,569
    From this org
    $265,580
    From related orgs
    $0
    Other
    $9,989
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,969
    Bonus
    $54,611
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,989
    Filer's total
    $275,569

  • Melissa Hale

    COO

    Total calculated
    $268,242
    From this org
    $263,696
    From related orgs
    $0
    Other
    $4,546
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,539
    Bonus
    $57,157
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $4,546
    Filer's total
    $268,242

  • Jeff Fink

    Senior VP of HR and Administration

    Total calculated
    $253,383
    From this org
    $248,837
    From related orgs
    $0
    Other
    $4,546
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,510
    Bonus
    $53,111
    Other
    $11,216
    Deferred
    $0
    Nontaxable benefits
    $4,546
    Filer's total
    $253,383

  • Beth Niemann

    Regional VP of Business Development

    Total calculated
    $235,561
    From this org
    $226,383
    From related orgs
    $0
    Other
    $9,178
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $105,000
    Bonus
    $121,383
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,178
    Filer's total
    $235,561

  • Charles Hale

    CIO

    Total calculated
    $225,252
    From this org
    $222,388
    From related orgs
    $0
    Other
    $2,864
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,773
    Bonus
    $49,615
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $2,864
    Filer's total
    $225,252

  • Joseph Sardoni

    Regional VP of Business Development

    Total calculated
    $203,546
    From this org
    $200,511
    From related orgs
    $0
    Other
    $3,035
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $92,500
    Bonus
    $108,011
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $3,035
    Filer's total
    $203,546

  • Lynette Kentgen

    VP of Operations

    Total calculated
    $177,719
    From this org
    $173,173
    From related orgs
    $0
    Other
    $4,546
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,078
    Bonus
    $27,095
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $4,546
    Filer's total
    $177,719

  • Adam Schambach

    Director of Revenue Cycle

    Total calculated
    $176,966
    From this org
    $167,537
    From related orgs
    $0
    Other
    $9,429
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,448
    Bonus
    $21,089
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,429
    Filer's total
    $176,966

  • Wendi Kanuch

    Regional VP of Business Development

    Total calculated
    $162,420
    From this org
    $153,515
    From related orgs
    $0
    Other
    $8,905
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $82,211
    Bonus
    $71,304
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,905
    Filer's total
    $162,420

  • E Anthony Woods

    Chair

    Total calculated
    $0
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0

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

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 5
Incentive compensation for the Regional VPs of Business Development are commissions based on earned revenues.
Schedule J, Part II
Schedule J, Part II - Bonus and incentive compensation for Legacy Healthcare Services employees includes amounts paid under annual incentive plans which are linked to the achievement of company performance targets and personal goals.

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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Stewart Healthcare Enterprises LLC

    Home Health Care Services · OK

  • Hands of Compassion Homecare LLC

    Home Health Care Services · TX

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Deaconess Health Care Holdings Inc

    C · Holding Company for Home Health · OH

  • Preferred Home HealthCare Inc

    C · Home Health Care Services · IN

  • Mays House Call Home Health Inc

    C · Home Health Care Services · OK

  • Mays Plus Inc

    C · Home Health Care Services · OK

  • Guardian Wellness Management Services LLC

    C · Home Health Care Services · OK

  • Mays Hospice Care Inc

    C · Home Health Care Services · OK

  • Skyline Wellness Management Services of TX LLC

    C · Home Health Care Services · TX

  • Central Pyramid Accounting Inc

    C · Management Company for Home Health · TX

Provenance

Return type
form_990
Tax year
2022
Filed
23 August 2023
IRS schema version
2022v5.0
Source object
202303079349301115

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