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Nonprofiteer
← LAKEVIEW VILLAGE INC

Form 990 for tax year 2024

Filed by LAKEVIEW VILLAGE INC.

Totals

Total revenue
$59,573,832
Total expenses
$55,412,962
Contributions and grants received
$33,815
Grants paid
$0
Program service revenue
$57,045,784
Investment income
$2,089,896
Other revenue
$404,337
Total assets, end of year
$152,543,095
Total liabilities, end of year
$133,062,530
Net assets or fund balances, end of year
$19,480,565
Program services expenses (Part IX)
$49,720,277
Management and general expenses
$5,692,685
Fundraising expenses
$0
Program service expenses (Part III)
$49,720,277

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

    $20,815

  • 1f · All other contributions, gifts and grants

    $13,000

  • 2a · Program service revenue: RESIDENT FEES

    total $48,814,731 · related or exempt $48,814,731

  • 2b · Program service revenue: ENTRANCE FEES

    total $7,325,069 · related or exempt $7,325,069

  • 2c · Program service revenue: CHILD DAY CARE AND OTHER

    total $816,344 · related or exempt $816,344

  • 2d · Program service revenue: MANAGEMENT FEES

    total $89,640 · excluded $89,640

  • 3 · Investment income

    total $1,104,723 · excluded $1,104,723

  • 4 · Income from investment of tax-exempt bond proceeds

    total $211,504 · excluded $211,504

  • 6a · Gross rents

    real property $30,248

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $30,248

  • 6d · Net rental income or loss

    total $30,248 · excluded $30,248

  • 7a · Gross sales of assets other than inventory

    securities $12,023,429

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

    securities $11,249,760

  • 7c · Gain or loss

    securities $773,669

  • 7d · Net gain or loss

    total $773,669 · excluded $773,669

  • 11a · Other revenue: MEAL/BEVERAGE INCOME

    total $187,568 · excluded $187,568

  • 11b · Other revenue: GUEST ROOMS

    total $61,744 · excluded $61,744

  • 11c · Other revenue: INTERNET SERVICES

    total $49,446 · excluded $49,446

  • 11d · All other revenue

    total $75,331 · excluded $75,331

  • 11e · Other revenue, total

    $374,089

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,020,009 · management and general $1,020,009

  • 7 · Other salaries and wages

    total $26,258,719 · program services $24,631,525 · management and general $1,627,194

  • 8 · Pension plan contributions

    total $518,386 · program services $466,185 · management and general $52,201

  • 9 · Other employee benefits

    total $3,264,735 · program services $2,935,979 · management and general $328,756

  • 10 · Payroll taxes

    total $1,952,660 · program services $1,756,029 · management and general $196,631

  • 11b · Fees: legal

    total $71,052 · management and general $71,052

  • 11c · Fees: accounting

    total $105,386 · management and general $105,386

  • 11f · Fees: investment management

    total $39,929 · management and general $39,929

  • 11g · Fees: other

    total $1,231,352 · program services $735,013 · management and general $496,339

  • 12 · Advertising and promotion

    total $302,652 · program services $302,652

  • 13 · Office expenses

    total $3,384,371 · program services $3,133,196 · management and general $251,175

  • 14 · Information technology

    total $443,376 · program services $260,611 · management and general $182,765

  • 16 · Occupancy

    total $2,693,333 · program services $2,693,333

  • 17 · Travel

    total $250,695 · program services $241,518 · management and general $9,177

  • 19 · Conferences, conventions and meetings

    total $97,600 · program services $45,502 · management and general $52,098

  • 20 · Interest

    total $2,784,671 · program services $2,755,432 · management and general $29,239

  • 22 · Depreciation, depletion and amortization

    total $5,713,794 · program services $5,653,799 · management and general $59,995

  • 23 · Insurance

    total $1,191,917 · program services $1,179,402 · management and general $12,515

  • 24a · Other expenses: DIETARY

    total $2,142,861 · program services $2,142,861

  • 24b · Other expenses: EMPLOYMENT EXPENSES

    total $1,062,036 · program services $33,923 · management and general $1,028,113

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $314,605 · program services $314,605

  • 24d · Other expenses: PROVIDER ASSESSMENT

    total $129,244 · program services $129,244

  • 24e · All other expenses

    total $439,579 · program services $309,468 · management and general $130,111

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $232,632 · end of year $69,854

  • 2 · Savings and temporary cash investments

    beginning of year $3,661,910 · end of year $3,466,786

  • 4 · Accounts receivable

    beginning of year $2,826,221 · end of year $3,043,589

  • 8 · Inventories for sale or use

    beginning of year $178,326 · end of year $157,748

  • 9 · Prepaid expenses and deferred charges

    beginning of year $872,232 · end of year $1,066,616

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

    $196,664,710

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

    $98,272,357

  • 10c · Land, buildings and equipment, net

    beginning of year $94,739,457 · end of year $98,392,353

  • 11 · Investments: publicly traded securities

    beginning of year $42,548,484 · end of year $46,069,689

  • 12 · Investments: other securities

    beginning of year $195,031 · end of year $195,031

  • 15 · Other assets

    beginning of year $751 · end of year $81,429

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,666,060 · end of year $4,479,550

  • 19 · Deferred revenue

    beginning of year $51,947,945 · end of year $56,129,206

  • 20 · Tax-exempt bond liabilities

    beginning of year $61,613,568 · end of year $59,562,521

  • 21 · Escrow or custodial account liability

    beginning of year $2,508 · end of year $1,202

  • 25 · Other liabilities

    beginning of year $12,874,111 · end of year $12,890,051

  • 27 · Net assets without donor restrictions

    beginning of year $13,150,852 · end of year $19,480,565

Mission and programs · 2024

Mission

TO ENHANCE THE LIFE OF SENIORS THROUGH OFFERING HIGH QUALITY CARE, PROGRAMS AND AMENITIES IN ALL LEVELS OF CARE ON THEIR CAMPUS.

Activities or mission (Part I)

TO STRENGTHEN THE LIVES OF OLDER ADULTS WITHIN A FAITH-BASED COMMUNITY.

  • LAKEVIEW VILLAGE, INC. IS A CONTINUING CARE RETIREMENT COMMUNITY WHICH HAS 533 INDEPENDENT LIVING UNITS, 120 BED LONG TERM CARE SNF HEALTH CENTER, 38 BED SHORT TERM REHAB SNF, AND 26 BED ASSISTED LIVING. ASIDE FROM THE LIVING AND CARE FACILITIES, THE CCRC PROVIDES ACTIVITIES TO ASSIST IN MAINTAINING THE RESIDENTS' SPIRTUAL AND MENTAL WELL-BEING. LAKEVIEW'S 120-BED HEALTH CENTER AND 38-BED SHORT-TERM REHAB SNF ARE MEDICARE AND MEDICAID CERTIFIED AND TAKE ADMISSIONS FROM BOTH INSIDE AND OUTSIDE OF THE LAKEVIEW COMMUNITY.THE ORGANIZATION PROVIDES CARE AND SERVICES TO RESIDENTS WHO CAN NO LONGER AFFORD THE FULL COST OF THEIR CARE THROUGH NO FAULT OF THEIR OWN. THIS MAY BE DUE TO LOSS OF A SPOUSE'S PENSION, EXTRAORDINARY MEDICAL COSTS, OR OTHER CIRCUMSTANCES. WHEN ASSISTANCE IS REQUESTED, A CONFIDENTIAL REVIEW OF THE RESIDENT'S ASSETS AND INCOME ARE COMPARED TO THEIR MONTHLY EXPENSES (INCLUDING LAKEVIEW FEES AND PERSONAL EXPENSES) AND THE AMOUNT OF ASSISTANCE IS DETERMINED BY MANAGEMENT. BECAUSE THE ORGANIZATION DOES NOT PURSUE COLLECTION OF AMOUNTS DETERMINED TO QUALIFY FOR FINANCIAL ASSISTANCE, THEY ARE NOT REPORTED AS REVENUE.

    Expenses $49,720,277 · Revenue $57,186,144

  • THE CHARITY CARE LAKEVIEW PROVIDES ENABLES RESIDENTS TO REMAIN ON CAMPUS AND RECEIVE SERVICES THAT WOULD OTHERWISE BE PROVIDED BY THE GREATER COMMUNITY. IN THIS WAY, LAKEVIEW PARTNERS WITH THE COMMUNITY TO ASSURE RESIDENTS' NEEDS ARE MET WITHOUT BURDENING THE WIDER COMMUNITY WITH ADDITIONAL COSTS FOR THOSE SERVICES. ADDITIONALLY, RESIDENTS AND EMPLOYEES PROVIDE COMMUNITY BENEFIT THROUGH VOLUNTEERISM AND SUPPORT OF NUMEROUS COMMUNITY ACTIVITIES. THE ORGANIZATION HAS ESTIMATED ITS DIRECT AND INDIRECT COSTS OF PROVIDING CHARITY CARE UNDER ITS FINANCIAL ASSISTANCE POLICY. IN ORDER TO ESTIMATE THE COST OF PROVIDING SUCH CARE, MANAGEMENT HAS USED ACTUAL COSTS AND OPERATIONAL PROJECTIONS. USING THIS METHODOLOGY, THE ORGANIZATION HAS ESTIMATED THE COSTS FOREGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER THE ORGANIZATION'S FINANCIAL ASSISTANCE POLICY AGGREGATED APPROXIMATELY $230,000 AND $224,000 FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, RESPECTIVELY.

    Revenue -$230,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert I Clausen Jr

    PRESIDENT/CEO

    Total calculated
    $375,458
    From this org
    $325,735
    From related orgs
    $0
    Other
    $49,723
    Hours/week
    55 + 5 related

    Schedule J breakdown matched by us

    Base
    $305,735
    Bonus
    $20,000
    Other
    $0
    Deferred
    $35,561
    Nontaxable benefits
    $14,162
    Filer's total
    $375,458

  • Jana Bee Triplett

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jay Kimbrough

    VICE CHAIR/SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dale Warman

    DIRECTOR

    Total calculated
    $700
    From this org
    $700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Amy Karlin

    DIRECTOR

    Total calculated
    $650
    From this org
    $650
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Dave Shull

    DIRECTOR

    Total calculated
    $600
    From this org
    $600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jill Biesma

    DIRECTOR

    Total calculated
    $700
    From this org
    $700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Bob West

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amanda Stuke

    DIRECTOR

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Pam Hermon

    COO

    Total calculated
    $242,243
    From this org
    $205,138
    From related orgs
    $0
    Other
    $37,105
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $190,138
    Bonus
    $15,000
    Other
    $0
    Deferred
    $22,970
    Nontaxable benefits
    $14,135
    Filer's total
    $242,243

  • Heath Leuck

    CFO

    Total calculated
    $218,972
    From this org
    $200,384
    From related orgs
    $0
    Other
    $18,588
    Hours/week
    55 + 5 related

    Schedule J breakdown matched by us

    Base
    $190,384
    Bonus
    $10,000
    Other
    $0
    Deferred
    $17,821
    Nontaxable benefits
    $767
    Filer's total
    $218,972

  • Mechelle Moffit

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $183,336
    From this org
    $157,203
    From related orgs
    $0
    Other
    $26,133
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $149,203
    Bonus
    $8,000
    Other
    $0
    Deferred
    $16,168
    Nontaxable benefits
    $9,965
    Filer's total
    $183,336

  • Luke Subin

    REGISTERED NURSE

    Total calculated
    $261,008
    From this org
    $260,995
    From related orgs
    $0
    Other
    $13
    Hours/week
    78

    Schedule J breakdown matched by us

    Base
    $260,995
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13
    Filer's total
    $261,008

  • Godfrey Ndemaki

    REGISTERED NURSE

    Total calculated
    $329,446
    From this org
    $306,923
    From related orgs
    $0
    Other
    $22,523
    Hours/week
    83

    Schedule J breakdown matched by us

    Base
    $306,923
    Bonus
    $0
    Other
    $0
    Deferred
    $9,603
    Nontaxable benefits
    $12,920
    Filer's total
    $329,446

  • Lynn Tenbrink

    DIRECTOR OF MARKETING & SALES

    Total calculated
    $199,748
    From this org
    $183,820
    From related orgs
    $0
    Other
    $15,928
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,573
    Bonus
    $25,247
    Other
    $0
    Deferred
    $7,390
    Nontaxable benefits
    $8,538
    Filer's total
    $199,748

  • Marta Eastwood

    REGISTERED NURSE

    Total calculated
    $228,639
    From this org
    $207,127
    From related orgs
    $0
    Other
    $21,512
    Hours/week
    63

    Schedule J breakdown matched by us

    Base
    $207,127
    Bonus
    $0
    Other
    $0
    Deferred
    $8,592
    Nontaxable benefits
    $12,920
    Filer's total
    $228,639

  • Alexis A Gant

    REGISTERED NURSE

    Total calculated
    $187,757
    From this org
    $175,051
    From related orgs
    $0
    Other
    $12,706
    Hours/week
    84

    Schedule J breakdown matched by us

    Base
    $175,051
    Bonus
    $0
    Other
    $0
    Deferred
    $3,536
    Nontaxable benefits
    $9,170
    Filer's total
    $187,757

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 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4B
ROBERT I CLAUSEN, JR - 457 CONTRIBUTION PAYMENT OF $23,000 MADE IN 2024 OF WHICH $22,500 WAS ACCRUED FOR IN 2023 AND DISCLOSED ON THE PRIOR YEAR RETURN. ROBERT I CLAUSEN, JR - 457 CONTRIBUTION ACCRUAL OF $23,000 FUNDS NOT TRANSFERRED AS OF 12-31-24. PAMELA HERMON - 457 CONTRIBUTION PAYMENT OF $15,000 MADE IN 2024 WHICH WAS ACCRUED FOR IN 2023 AND DISCLOSED ON THE PRIOR YEAR RETURN. PAMELA HERMON - 457 CONTRIBUTION ACCRUAL OF $15,000. FUNDS NOT TRANSFERRED AS OF 12-31-24. HEATH LEUCK - 457 CONTRIBUTION PAYMENT OF $10,000 MADE IN 2024 WHICH WAS ACCRUED FOR IN 2023 AND DISCLOSED ON THE PRIOR YEAR RETURN. HEATH LEUCK - 457 CONTRIBUTION ACCRUAL OF $10,000. FUNDS NOT TRANSFERRED AS OF 12-31-24. MECHELLE MOFFIT - 457 CONTRIBUTION PAYMENT OF $10,000 MADE IN 2024 WHICH WAS ACCRUED FOR IN 2023 AND DISCLOSED ON THE PRIOR YEAR RETURN. MECHELLE MOFFIT - 457 CONTRIBUTION ACCRUAL OF $10,000. FUNDS NOT TRANSFERRED AS OF 12-31-24.

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.

  • LAKEVIEW VILLAGE FOUNDATION INC

    501(C)(3) · SUPPORT OF THE ACTIVITIES OF LAKEVIEW VILLAGE · KS · controlled entity

    Directly controlled by LAKEVIEW VILLAGE INC

  • RIDGEVIEW VILLAGE INC

    501(C)(3) · OPERATION OF HUD APARTMENTS · KS · controlled entity

    Directly controlled by LAKEVIEW VILLAGE INC

  • RIDGEVIEW VILLAGE II INC

    501(C)(3) · OPERATION OF HUD APARTMENTS · KS · controlled entity

    Directly controlled by LAKEVIEW VILLAGE INC

Provenance

Return type
form_990
Tax year
2024
Filed
20 October 2025
IRS schema version
2024v5.2
Source object
202532949349300513

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