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Nonprofiteer
← LIFESTREAM COMPLETE SENIOR LIVING INC

Form 990 for tax year 2024

Filed by LIFESTREAM COMPLETE SENIOR LIVING INC.

Totals

Total revenue
$11,580,933
Total expenses
$11,070,927
Contributions and grants received
$145,193
Grants paid
$0
Program service revenue
$8,585,161
Investment income
$2,790,055
Other revenue
$60,524
Total assets, end of year
$20,899,698
Total liabilities, end of year
$12,922,468
Net assets or fund balances, end of year
$7,977,230
Program services expenses (Part IX)
$10,782,044
Management and general expenses
$288,883
Fundraising expenses
$0
Program service expenses (Part III)
$10,782,044

Program services were 97.4% 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.

  • 1e · Government grants (contributions)

    $144,500

  • 1f · All other contributions, gifts and grants

    $693

  • 2a · Program service revenue: LIFE TENANCY

    total $8,521,636 · related or exempt $8,521,636

  • 2b · Program service revenue: SENIOR HOUSING

    total $63,525 · related or exempt $63,525

  • 3 · Investment income

    total $204,734 · excluded $204,734

  • 7a · Gross sales of assets other than inventory

    other assets $2,585,321

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

    other assets $0

  • 7c · Gain or loss

    other assets $2,585,321

  • 7d · Net gain or loss

    total $2,585,321 · excluded $2,585,321

  • 11a · Other revenue: OTHER PERSONAL SERVICES FOR RESID

    total $44,980 · excluded $44,980

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $15,544 · excluded $15,544

  • 11e · Other revenue, total

    $60,524

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $4,027,765 · program services $4,027,765

  • 9 · Other employee benefits

    total $418,968 · program services $418,968

  • 10 · Payroll taxes

    total $311,308 · program services $311,308

  • 11a · Fees: management

    total $572,437 · program services $572,437

  • 11b · Fees: legal

    total $21,211 · program services $11,586 · management and general $9,625

  • 11c · Fees: accounting

    total $69,250 · management and general $69,250

  • 11g · Fees: other

    total $30 · management and general $30

  • 12 · Advertising and promotion

    total $54,925 · program services $54,925

  • 13 · Office expenses

    total $317,107 · program services $300,434 · management and general $16,673

  • 14 · Information technology

    total $89,114 · program services $84,114 · management and general $5,000

  • 16 · Occupancy

    total $1,572,289 · program services $1,572,187 · management and general $102

  • 17 · Travel

    total $10,358 · program services $9,703 · management and general $655

  • 19 · Conferences, conventions and meetings

    total $14,942 · program services $14,942

  • 20 · Interest

    total $564,914 · program services $447,901 · management and general $117,013

  • 22 · Depreciation, depletion and amortization

    total $1,335,698 · program services $1,299,418 · management and general $36,280

  • 23 · Insurance

    total $292,885 · program services $271,959 · management and general $20,926

  • 24a · Other expenses: RESIDENT RELATED SUPPLI

    total $1,026,587 · program services $1,026,587

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $153,157 · program services $153,092 · management and general $65

  • 24c · Other expenses: BAD DEBT

    total $109,594 · program services $109,594

  • 24d · Other expenses: MAINTENANCE AND REPAIRS

    total $95,124 · program services $95,124

  • 24e · All other expenses

    total $13,264 · management and general $13,264

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $48,789 · end of year $316,182

  • 2 · Savings and temporary cash investments

    beginning of year $1,006,600 · end of year $1,058,751

  • 4 · Accounts receivable

    beginning of year $1,701,994 · end of year $1,619,806

  • 8 · Inventories for sale or use

    beginning of year $44,287 · end of year $43,100

  • 9 · Prepaid expenses and deferred charges

    beginning of year $84,683 · end of year $37,562

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

    $43,233,954

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

    $29,866,113

  • 10c · Land, buildings and equipment, net

    beginning of year $12,928,346 · end of year $13,367,841

  • 11 · Investments: publicly traded securities

    beginning of year $1,871,776 · end of year $1,672,321

  • 12 · Investments: other securities

    beginning of year $613,980 · end of year $626,740

  • 15 · Other assets

    beginning of year $2,759,750 · end of year $2,157,395

  • 17 · Accounts payable and accrued expenses

    beginning of year $586,181 · end of year $733,291

  • 19 · Deferred revenue

    beginning of year $30,930 · end of year $24,979

  • 20 · Tax-exempt bond liabilities

    beginning of year $9,553,412 · end of year $9,553,412

  • 23 · Secured mortgages and notes payable

    beginning of year $738,275 · end of year $70,346

  • 25 · Other liabilities

    beginning of year $2,750,874 · end of year $2,540,440

  • 27 · Net assets without donor restrictions

    beginning of year $5,777,585 · end of year $6,326,841

  • 28 · Net assets with donor restrictions

    beginning of year $1,622,948 · end of year $1,650,389

Mission and programs · 2024

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.

  • THE ORGANIZATION PROVIDES HEALTH CARE SERVICES TO APPROXIMATELY 57 SENIOR RESIDENTS AT A REASONABLE COST. OUR MISSION IS ACTED OUT BY 54 ASSOCIATES. WE HAVE CHAPLAINS THAT ATTEND TO THE SPIRITUAL AND EMOTIONAL NEEDS OF OUR RESIDENTS. THE CHALLENGES OUR CHAPLAINS FACE EXTEND FROM SENIOR'S FEARS AND FRUSTRATIONS TO ILLNESSES AND THE LOSS OF LOVED ONES. ON A DAILY BASIS OUR ASSOCIATES HELP RESIDENTS MAKE THE TRANSITION FROM DISCOMFORT TO CONTENTMENT AND FROM APPREHENSION TO ASSURANCE FROM UNCERTAINTY.

    Expenses $3,838,597 · Revenue $1,594,858

  • THE ORGANIZATION PROVIDES QUALITY AFFORDABLE HOUSING AND SERVICES TO APPROXIMATELY 344 SENIOR RESIDENTS AT A REASONABLE COST. RESIDENTS CAN ENJOY THE OUTDOORS AS WELL AS A VARIETY OF SOCIAL ACTIVITIES. SERVICES SUCH AS MEDICATION MANAGEMENT, WELL-BEING CHECKS, PET CARE, TRANSPORTATION TO MEALS, COMPANION SERVICE AND A HOST OF OTHER SERVICES ARE AVAILABLE TO OUR SENIOR HOUSING RESIDENTS. WE ALSO HAVE CHAPLAINS THAT ATTEND TO THE SPIRITUAL AND EMOTIONAL NEEDS OF OUR RESIDENTS.

    Expenses $6,943,447 · Revenue $6,990,303

As filed on the 2024 return.

Listed in Part VII

  • Dana Rasic

    BOARD CHAIR/CEO

    Total calculated
    $441,874
    From this org
    $0
    From related orgs
    $407,174
    Other
    $34,700
    Hours/week
    5 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $407,174 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,900 related
    Nontaxable benefits
    $0 + $27,800 related
    Filer's total
    $0 + $441,874 related

  • Nathan Merrill

    BOARD TREASURER/CFO

    Total calculated
    $350,129
    From this org
    $0
    From related orgs
    $311,825
    Other
    $38,304
    Hours/week
    5 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $281,825 related
    Bonus
    $0 + $30,000 related
    Other
    $0
    Deferred
    $0 + $6,305 related
    Nontaxable benefits
    $0 + $31,999 related
    Filer's total
    $0 + $350,129 related

  • Rick Summers

    VICE PRESIDENT/COO

    Total calculated
    $316,247
    From this org
    $0
    From related orgs
    $297,506
    Other
    $18,741
    Hours/week
    7 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,953 related
    Bonus
    $0 + $21,553 related
    Other
    $0
    Deferred
    $0 + $5,492 related
    Nontaxable benefits
    $0 + $13,249 related
    Filer's total
    $0 + $316,247 related

  • Christi Miller

    BOARD MEMBER/VP OF HUMAN RESOURCES

    Total calculated
    $245,308
    From this org
    $0
    From related orgs
    $227,426
    Other
    $17,882
    Hours/week
    7 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $216,926 related
    Bonus
    $0 + $10,500 related
    Other
    $0
    Deferred
    $0 + $4,206 related
    Nontaxable benefits
    $0 + $13,676 related
    Filer's total
    $0 + $245,308 related

  • Kristen Jacoby

    BOARD MEMBER/RGNL DIRECTOR OPS.

    Total calculated
    $172,970
    From this org
    $0
    From related orgs
    $169,236
    Other
    $3,734
    Hours/week
    0 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,123 related
    Bonus
    $0 + $12,113 related
    Other
    $0
    Deferred
    $0 + $3,120 related
    Nontaxable benefits
    $0 + $614 related
    Filer's total
    $0 + $172,970 related

  • Austin Harbach

    ASSISTANT SECRETARY

    Total calculated
    $172,671
    From this org
    $0
    From related orgs
    $157,189
    Other
    $15,482
    Hours/week
    5 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,539 related
    Bonus
    $0 + $7,650 related
    Other
    $0
    Deferred
    $0 + $3,219 related
    Nontaxable benefits
    $0 + $12,263 related
    Filer's total
    $0 + $172,671 related

  • Don Morgan

    BOARD MEMBER

    Total calculated
    $70,167
    From this org
    $0
    From related orgs
    $70,167
    Other
    $0
    Hours/week
    0.5 + 7.5 related

  • Dan Vagle

    BOARD MEMBER

    Total calculated
    $65,604
    From this org
    $0
    From related orgs
    $65,604
    Other
    $0
    Hours/week
    0.5 + 6.5 related

  • Dale Turner

    BOARD MEMBER

    Total calculated
    $65,604
    From this org
    $0
    From related orgs
    $65,604
    Other
    $0
    Hours/week
    0.5 + 8.5 related

  • Larry Smith

    BOARD MEMBER

    Total calculated
    $32,775
    From this org
    $0
    From related orgs
    $32,775
    Other
    $0
    Hours/week
    0.5 + 9.5 related

  • Jenny Kennedy

    BOARD SECRETARY

    Total calculated
    $10,700
    From this org
    $0
    From related orgs
    $10,700
    Other
    $0
    Hours/week
    0.5 + 6 related

  • Tom Workman

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 4 related

  • Debra Blaney

    EXECUTIVE DIRECTOR

    Total calculated
    $122,362
    From this org
    $0
    From related orgs
    $109,171
    Other
    $13,191
    Hours/week
    40

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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.

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.

  • CHARITABLE TRUST (1)

    T · INVESTMENTS · AZ · 100% owned · controlled entity

    Directly controlled by LIFESTREAM COMPLETE SENIOR LIVING INC

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543219349303489

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