Skip to content
Nonprofiteer
← LEGACY HEALTHCARE SERVICES INC

Form 990 for tax year 2023

Filed by LEGACY HEALTHCARE SERVICES INC.

Totals

Total revenue
$140,219,956
Total expenses
$130,639,186
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$139,949,877
Investment income
$32,128
Other revenue
$237,951
Total assets, end of year
$128,409,923
Total liabilities, end of year
$11,776,294
Net assets or fund balances, end of year
$116,633,629
Program services expenses (Part IX)
$113,677,311
Management and general expenses
$16,961,875
Fundraising expenses
$0
Program service expenses (Part III)
$113,677,311

Program services were 87.0% 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 $95,688,941 · related or exempt $95,688,941 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Medicare Managed Care

    total $38,613,729 · related or exempt $38,613,729 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Contract Revenue

    total $4,918,253 · related or exempt $4,918,253 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Self-pay

    total $728,954 · related or exempt $728,954 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $32,128 · related or exempt $32,128 · unrelated business $0 · excluded $0

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

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

  • 5 · Royalties

    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 $237,951 · related or exempt $237,951 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $237,951

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,564,612 · management and general $1,564,612

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $100,946,200 · program services $94,326,038 · management and general $6,620,162

  • 8 · Pension plan contributions

    total $629,596 · program services $579,606 · management and general $49,990

  • 9 · Other employee benefits

    total $4,348,750 · program services $4,001,681 · management and general $347,069

  • 10 · Payroll taxes

    total $7,960,758 · program services $7,325,419 · management and general $635,339

  • 11b · Fees: legal

    total -$9,868 · management and general -$9,868

  • 11g · Fees: other

    total $324,304 · program services $231,209 · management and general $93,095

  • 12 · Advertising and promotion

    total $186,240 · management and general $186,240

  • 13 · Office expenses

    total $1,372,105 · program services $1,168,775 · management and general $203,330

  • 14 · Information technology

    total $2,162,639 · management and general $2,162,639

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $4,472,810 · program services $4,307,157 · management and general $165,653

  • 17 · Travel

    total $774,106 · program services $533,485 · management and general $240,621

  • 19 · Conferences, conventions and meetings

    total $294,604 · program services $72,278 · management and general $222,326

  • 22 · Depreciation, depletion and amortization

    total $3,009,323 · management and general $3,009,323

  • 23 · Insurance

    total $405,610 · management and general $405,610

  • 24a · Other expenses: Therapy Supplies

    total $644,816 · program services $644,816 · management and general $0

  • 24b · Other expenses: Professional service fees

    total $703,434 · program services $11,250 · management and general $692,184

  • 24c · Other expenses: Employee communications expense

    total $100,268 · program services $68,116 · management and general $32,152

  • 24d · Other expenses: Regulatory fees

    total $164,808 · program services $0 · management and general $164,808

  • 24e · All other expenses

    total $584,071 · program services $407,481 · management and general $176,590

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,710,901 · end of year $6,967,995

  • 4 · Accounts receivable

    beginning of year $23,565,344 · end of year $24,519,281

  • 7 · Other notes and loans receivable

    end of year $201,868

  • 9 · Prepaid expenses and deferred charges

    beginning of year $199,804 · end of year $324,683

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

    $539,812

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

    $289,963

  • 10c · Land, buildings and equipment, net

    beginning of year $265,447 · end of year $249,849

  • 14 · Intangible assets

    beginning of year $98,321,582 · end of year $95,395,915

  • 15 · Other assets

    beginning of year $1,907,916 · end of year $750,332

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,552,781 · end of year $11,461,511

  • 25 · Other liabilities

    beginning of year $493,390 · end of year $314,783

  • 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 $117,924,823 · end of year $116,633,629

Mission and programs · 2023

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 $113,677,311 · Revenue $139,982,005

As filed on the 2023 return.

Listed in Part VII

  • John Murta

    Board Member

    Total calculated
    $348,578
    From this org
    $0
    From related orgs
    $340,981
    Other
    $7,597
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $269,183 related
    Bonus
    $0 + $65,000 related
    Other
    $0 + $6,798 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,597 related
    Filer's total
    $0 + $348,578 related

  • Jeff Ryan

    CEO

    Total calculated
    $327,454
    From this org
    $307,332
    From related orgs
    $0
    Other
    $20,122
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $265,081
    Bonus
    $42,250
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,122
    Filer's total
    $327,453

  • Joseph Sardoni

    Regional VP of Business Development

    Total calculated
    $318,861
    From this org
    $312,385
    From related orgs
    $0
    Other
    $6,476
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $101,229
    Bonus
    $211,156
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,476
    Filer's total
    $318,861

  • Gil Wilson

    CFO and Treasurer

    Total calculated
    $273,757
    From this org
    $254,169
    From related orgs
    $0
    Other
    $19,588
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,978
    Bonus
    $27,191
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,588
    Filer's total
    $273,757

  • Melissa Hale

    COO

    Total calculated
    $248,991
    From this org
    $239,288
    From related orgs
    $0
    Other
    $9,703
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,071
    Bonus
    $24,217
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,703
    Filer's total
    $248,991

  • Jeff Fink

    Senior VP of HR and Administration

    Total calculated
    $214,673
    From this org
    $207,080
    From related orgs
    $0
    Other
    $7,593
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,015
    Bonus
    $21,065
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,593
    Filer's total
    $214,673

  • Charles Hale

    CIO

    Total calculated
    $199,010
    From this org
    $192,897
    From related orgs
    $0
    Other
    $6,113
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,639
    Bonus
    $20,258
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,113
    Filer's total
    $199,010

  • Adam Schambach

    Director of Revenue Cycle

    Total calculated
    $180,093
    From this org
    $159,971
    From related orgs
    $0
    Other
    $20,122
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,046
    Bonus
    $8,925
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,122
    Filer's total
    $180,093

  • Wendi Kanuch

    Regional VP of Business Development

    Total calculated
    $178,998
    From this org
    $159,410
    From related orgs
    $0
    Other
    $19,588
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $96,372
    Bonus
    $63,038
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,588
    Filer's total
    $178,998

  • Lynette Kentgen

    VP of Operations

    Total calculated
    $176,964
    From this org
    $167,261
    From related orgs
    $0
    Other
    $9,703
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,573
    Bonus
    $13,688
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,703
    Filer's total
    $176,964

  • Geoffrey Diek

    VP of Operations

    Total calculated
    $161,606
    From this org
    $161,606
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,266
    Bonus
    $4,340
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $161,606

  • Luke Kontras

    VP of Operations

    Total calculated
    $159,658
    From this org
    $159,658
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,558
    Bonus
    $8,100
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $159,658

  • Kathleen Dwyer

    VP of Compliance

    Total calculated
    $156,113
    From this org
    $156,113
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,113
    Bonus
    $5,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $156,113

  • 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
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

  • Lifecare Hospice LLC

    Hospice 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

  • Legacy Healthcare Services Massachusetts

    C · Health Care Services · MA

    Directly controlled by Legacy Healthcare Services

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.0
Source object
202433169349301503

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.