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Nonprofiteer
← LARKSFIELD PLACE RETIREMENT COMMUNITIES INC

Form 990 for tax year 2022

Filed by LARKSFIELD PLACE RETIREMENT COMMUNITIES INC.

Totals

Total revenue
$24,054,613
Total expenses
$25,904,336
Contributions and grants received
$311,335
Grants paid
$0
Program service revenue
$22,726,694
Investment income
$117,997
Other revenue
$898,587
Total assets, end of year
$52,383,123
Total liabilities, end of year
$79,207,510
Net assets or fund balances, end of year
-$26,824,387
Program services expenses (Part IX)
$18,213,512
Management and general expenses
$7,690,824
Fundraising expenses
$0
Program service expenses (Part III)
$18,213,512

Program services were 70.3% 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

    $247,538

  • 1e · Government grants (contributions)

    $63,797

  • 2a · Program service revenue: NET RESIDENT SERVICE REVENUE

    total $22,726,694 · related or exempt $22,726,694

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $206,799 · excluded $206,799

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,329,102

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

    securities $1,417,904

  • 7c · Gain or loss

    securities -$88,802 · other assets $0

  • 7d · Net gain or loss

    total -$88,802 · excluded -$88,802

  • 10a · Gross sales of inventory

    $37,760

  • 10b · Cost of goods sold

    $41,773

  • 10c · Net income from sales of inventory

    total -$4,013 · excluded -$4,013

  • 11a · Other revenue: CAFETERIA

    total $426,987 · excluded $426,987

  • 11b · Other revenue: PARKING

    total $54,923 · excluded $54,923

  • 11c · Other revenue: BEAUTY SHOP

    total $39,850 · excluded $39,850

  • 11d · All other revenue

    total $380,840 · related or exempt $0 · unrelated business $0 · excluded $380,840

  • 11e · Other revenue, total

    $902,600

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $356,883 · management and general $356,883

  • 7 · Other salaries and wages

    total $10,249,969 · program services $7,844,451 · management and general $2,405,518

  • 8 · Pension plan contributions

    total $221,578 · program services $135,255 · management and general $86,323

  • 9 · Other employee benefits

    total $1,488,182 · program services $963,157 · management and general $525,025

  • 10 · Payroll taxes

    total $633,060 · program services $443,497 · management and general $189,563

  • 11a · Fees: management

    total $162,225 · management and general $162,225

  • 11b · Fees: legal

    total $88,322 · management and general $88,322

  • 11c · Fees: accounting

    total $399,455 · management and general $399,455

  • 11d · Fees: lobbying

    total $2,922 · management and general $2,922

  • 11g · Fees: other

    total $2,313,656 · program services $1,076,914 · management and general $1,236,742 · fundraising $0

  • 12 · Advertising and promotion

    total $66,302 · management and general $66,302

  • 13 · Office expenses

    total $566,144 · program services $320,297 · management and general $245,847

  • 14 · Information technology

    total $564,584 · program services $4,521 · management and general $560,063

  • 16 · Occupancy

    total $1,268,848 · program services $1,268,848

  • 17 · Travel

    total $13,159 · program services $2,430 · management and general $10,729

  • 19 · Conferences, conventions and meetings

    total $54,534 · program services $17,112 · management and general $37,422

  • 20 · Interest

    total $1,177,593 · program services $1,177,593

  • 22 · Depreciation, depletion and amortization

    total $2,637,833 · program services $2,637,833

  • 23 · Insurance

    total $743,843 · management and general $743,843

  • 24a · Other expenses: FOOD & FOOD SERVICES

    total $1,232,162 · program services $1,232,162

  • 24b · Other expenses: PROGRAM COSTS

    total $528,525 · program services $507,650 · management and general $20,875

  • 24c · Other expenses: MEDICAL SUPPLIES

    total $248,080 · program services $248,080

  • 24d · Other expenses: Repairs and Maintenance

    total $223,592 · program services $223,592

  • 24e · All other expenses

    total $662,885 · program services $110,120 · management and general $552,765 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $85,975 · end of year $52,150

  • 2 · Savings and temporary cash investments

    beginning of year $1,444,139 · end of year $938,428

  • 4 · Accounts receivable

    beginning of year $1,459,084 · end of year $1,373,858

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $82,408 · end of year $82,408

  • 9 · Prepaid expenses and deferred charges

    beginning of year $380,668 · end of year $348,386

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

    $78,676,099

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

    $39,974,901

  • 10c · Land, buildings and equipment, net

    beginning of year $39,615,301 · end of year $38,701,198

  • 11 · Investments: publicly traded securities

    beginning of year $6,654,675 · end of year $7,325,735

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $2,894,368 · end of year $3,560,960

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,091,134 · end of year $1,042,567

  • 20 · Tax-exempt bond liabilities

    beginning of year $35,690,837 · end of year $35,452,143

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $350,000 · end of year $675,000

  • 25 · Other liabilities

    beginning of year $41,814,740 · end of year $42,037,800

  • 27 · Net assets without donor restrictions

    beginning of year -$26,340,539 · end of year -$26,917,251

  • 28 · Net assets with donor restrictions

    beginning of year $10,446 · end of year $92,864

Mission and programs · 2022

Mission

TO OPERATE AND MAINTAN SUITABLE RESIDENT FACILITIES AND SERVICES FOR THE CARE, TREATMENT AND REHABILITATION OF ELDERLY PERSONS, INCLUDING NON-ACUTE HEALTH CARE, IN WHICH QUALITY OF LIFE CAN BE MAINTAINED AT THE LOWEST FEASIBLE COST.

Activities or mission (Part I)

OPERATE AND MAINTAIN RESIDENT FACILITIES FOR THE ELDERLY INCLUDING NON-ACUTE HEALTH CARE.

  • PROVIDING RESIDENTIAL AND LONG-TERM CARE HEALTH SERVICES, WELLNESS SERVICES AND DISTINCTIVE LIFESTYLE THAT ENRICHES THE LIVES OF ELDERLY PERSONS IN WICHITA, KANSAS AND SURROUNDING AREAS. Larksfield Place Retirement Community began operations in November 1984 with the purpose of providing a continuum of residential, health care, wellness, social, and community-based services and programs for those persons age 65 and older. Larksfield Place offers accommodations of 164 residential living apartments of varying sizes, 22 Villas, 72 assisted living apartments, and 80 Medicare/Medicaid skilled nursing beds that meet the physical, social, and spiritual needs of residents requiring these higher levels of care. Resident centered care is paramount to Larksfield Place mission. Servies include social work services, health and wellness programs including land fitness and aquatics programs as well as dietary counseling and matters of public health concerns.

    Expenses $18,213,512 · Revenue $22,726,694

As filed on the 2022 return.

Listed in Part VII

  • CONNIE DIETZ

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JILL CASADO

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BETTY ROBERTS

    RESIDENT MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHASE CARTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DICK PEEL

    RESIDENT MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ERIK HATTEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ETAF AWAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JiM GUSTAVSON

    RESIDENT MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOAQUIN SANTOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEN ADAMEK

    RESIDENT MEMBER (UNTIL 12/31/22)

    Total calculated
    $0
    Hours/week
    1

  • LOU MEDVENE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARY HERRIN

    DIRECTOR (UNTIL 12/31/22)

    Total calculated
    $0
    Hours/week
    1

  • PAT O'SULLIVAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHANNON BRAUN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SHEREE UTASH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE DILLARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE YAGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TRISH BRASTED

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • VIRDENA GILKEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DENA HOLTZ

    SECRETARY

    Total calculated
    $63,428
    From this org
    $50,008
    From related orgs
    $0
    Other
    $13,420
    Hours/week
    38

  • Michael Griffin

    CFO

    Total calculated
    $69,644
    From this org
    $66,152
    From related orgs
    $0
    Other
    $3,492
    Hours/week
    40 + 4 related

  • MICHAEL HAMBLEY

    PRESIDENT/CEO

    Total calculated
    $204,298
    From this org
    $188,624
    From related orgs
    $0
    Other
    $15,674
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $188,624
    Bonus
    $0
    Other
    $0
    Deferred
    $8,714
    Nontaxable benefits
    $6,960
    Filer's total
    $204,298

  • KAREN NELSON

    SVP OPS & CLINICAL SVCS

    Total calculated
    $138,315
    From this org
    $115,115
    From related orgs
    $0
    Other
    $23,200
    Hours/week
    40

  • LARRY NANNY

    EX DIRECTOR OF ASST LIVING

    Total calculated
    $171,398
    From this org
    $129,107
    From related orgs
    $0
    Other
    $42,291
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,107
    Bonus
    $0
    Other
    $0
    Deferred
    $26,691
    Nontaxable benefits
    $15,600
    Filer's total
    $171,398

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 · Independent compensation consultant
  • 3 · Written employment contract
  • 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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202441359349310914

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