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Nonprofiteer
← LANDIS QUALITY LIVING

Form 990 for tax year 2022

Filed by LANDIS QUALITY LIVING.

Totals

Total revenue
$70,931
Total expenses
$674,081
Contributions and grants received
$158,626
Grants paid
$0
Program service revenue
$158,390
Investment income
-$249,897
Other revenue
$3,812
Total assets, end of year
$29,003,315
Total liabilities, end of year
$29,597,745
Net assets or fund balances, end of year
-$594,430
Program services expenses (Part IX)
$144,452
Management and general expenses
$529,629
Fundraising expenses
$0
Program service expenses (Part III)
$144,452

Program services were 21.4% 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.

  • 1f · All other contributions, gifts and grants

    $158,626

  • 2a · Program service revenue: MANAGEMENT SERVICES

    total $158,390 · related or exempt $158,390

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

    other assets $249,897

  • 7c · Gain or loss

    other assets -$249,897

  • 7d · Net gain or loss

    total -$249,897 · excluded -$249,897

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $3,812 · excluded $3,812

  • 11e · Other revenue, total

    $3,812

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $270,414 · management and general $270,414

  • 11c · Fees: accounting

    total $750 · management and general $750

  • 12 · Advertising and promotion

    total $186,256 · management and general $186,256

  • 13 · Office expenses

    total $12,059 · management and general $12,059

  • 16 · Occupancy

    total $16,634 · program services $6,816 · management and general $9,818

  • 20 · Interest

    total $76,211 · program services $76,211

  • 22 · Depreciation, depletion and amortization

    total $61,425 · program services $61,425

  • 24a · Other expenses: HOSPITALITY

    total $50,332 · management and general $50,332

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $205,769 · end of year $607,821

  • 4 · Accounts receivable

    beginning of year $97,438 · end of year $251,498

  • 9 · Prepaid expenses and deferred charges

    beginning of year $780 · end of year $1,036

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

    $27,174,522

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

    $61,425

  • 10c · Land, buildings and equipment, net

    beginning of year $11,907,655 · end of year $27,113,097

  • 13 · Investments: program-related

    beginning of year $1,368,592 · end of year $937,702

  • 15 · Other assets

    beginning of year $0 · end of year $92,161

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,275,915 · end of year $1,376,502

  • 20 · Tax-exempt bond liabilities

    beginning of year $9,991,391 · end of year $25,719,754

  • 25 · Other liabilities

    beginning of year $1,305,208 · end of year $2,501,489

  • 27 · Net assets without donor restrictions

    beginning of year -$500,141 · end of year -$769,632

  • 28 · Net assets with donor restrictions

    beginning of year $507,861 · end of year $175,202

Mission and programs · 2022

Mission

TO PROVIDE HOUSING WITH SERVICES FOR ADULTS TO AGE IN PLACE AND THRIVE IN COMMUNITY.

Activities or mission (Part I)

THE PURPOSE OF THE CORPORATION IS TO PROVIDE AFFORDABLE, LOW-INCOME HOUSING, INCLUDING RENTAL UNITS FOR OLDER ADULTS TO PROMOTE COMMUNITY AMONG THE RESIDENTS AND TO PROVIDE ACCESS TO HOME AND COMMUNITY BASED SERVICES.

  • LQL OPERATES STEEPLE VIEW LOFTS, WHICH PROVIDES 41 RESIDENTS WITH HOUSING IN THE HEART OF LANCASTER CITY AT AN AFFORDABLE RATE.LANDIS PLACE ON KING OPENED IN MAY OF 2023. THIS NEW PROJECT CONSISTS OF A SEVEN-STORY MIXED USE BUILDING WITH 79 ONE AND TWO-BEDROOM RESIDENTIAL APARTMENTS, 1,800 SQUARE FEET OF RETAIL SPACE, AND 1,400 SQUARE FEET OF OFFICE SPACE TO BE LOCATED IN THE CITY OF LANCASTER, PENNSYLVANIA. AT THE END OF JUNE 2023 THERE WERE 47 RESIDENTS RESIDING AT LANDIS PLACE ON KING.A TAX CREDIT PROJECT IS CURRENTLY UNDER DEVELOPMENT FOR THE READING AREA. LQL HOPES TO HAVE A PROJECT READY FOR APPROVAL BY THE PHFA WITHIN THE NEXT TWELVE MONTHS.

    Expenses $144,452 · Revenue $158,390

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KEITH STUCKEY

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JOHNCEY MATHEW

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • GWEN SCHUIT

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DAVID HERNLEY

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KEVIN RESSLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELISSA SARNOCINSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JUDY ZIMMERMAN HERR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH NISSLEY

    DIRECTOR (UNTIL 9/25/22)

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE KAUFMAN

    DIRECTOR (UNTIL 11/8/22)

    Total calculated
    $0
    Hours/week
    1

  • EVON BERGEY

    EXECUTIVE DIRECTOR

    Total calculated
    $261,715
    From this org
    $0
    From related orgs
    $227,356
    Other
    $34,359
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $227,356 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,424 related
    Nontaxable benefits
    $0 + $17,935 related
    Filer's total
    $0 + $261,715 related

  • COREY HAMILTON

    VP OF FINANCE/CFO

    Total calculated
    $232,747
    From this org
    $0
    From related orgs
    $204,058
    Other
    $28,689
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,058 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,682 related
    Nontaxable benefits
    $0 + $18,007 related
    Filer's total
    $0 + $232,747 related

  • EDWARD KAMINSKI

    DIRECTOR OF LANDIS QUALITY LIVING

    Total calculated
    $164,594
    From this org
    $0
    From related orgs
    $139,323
    Other
    $25,271
    Hours/week
    45 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $139,323 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,259 related
    Nontaxable benefits
    $0 + $15,012 related
    Filer's total
    $0 + $164,594 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

The filer's explanations (Part III)

PART I, LINE 3
OFFICERS AND KEY EMPLOYEES ARE PAID BY A RELATED ORGANIZATION. COMPENSATION IS DETERMINED BY A COMPENSATION COMMITTEE, COMPENSATION SURVEYS OR STUDIES, FORM 990 OF OTHER ORGANIZATIONS, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • LANDIS PLACE ON KING LLC

    SENIOR HOUSING · PA · income $233,517 · assets $27,894,526

    Directly controlled by LANDIS QUALITY LIVING

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
31 January 2024
IRS schema version
2022v5.0
Source object
202440389349300704

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