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Nonprofiteer
← LIFESTREAM BEHAVIORAL CENTER INC

Form 990 for tax year 2024

Filed by LIFESTREAM BEHAVIORAL CENTER INC.

Totals

Total revenue
$66,061,945
Total expenses
$61,419,030
Contributions and grants received
$52,305,419
Grants paid
$0
Program service revenue
$11,125,842
Investment income
$1,693,815
Other revenue
$936,869
Total assets, end of year
$77,025,804
Total liabilities, end of year
$13,617,849
Net assets or fund balances, end of year
$63,407,955
Program services expenses (Part IX)
$49,880,688
Management and general expenses
$11,538,342
Fundraising expenses
$0
Program service expenses (Part III)
$49,880,688

Program services were 81.2% 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.

  • 1a · Federated campaigns

    $12,286

  • 1e · Government grants (contributions)

    $41,110,787

  • 1f · All other contributions, gifts and grants

    $11,182,346

  • 1g · Noncash contributions included above

    $3,414,436

  • 2a · Program service revenue: Net Patient Revenue

    total $11,125,842 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $588,000 · unrelated business $0 · excluded $588,000

  • 6a · Gross rents

    real property $578,092

  • 6c · Rental income or loss

    real property $578,092

  • 6d · Net rental income or loss

    total $578,092 · related or exempt $578,092

  • 7a · Gross sales of assets other than inventory

    securities $1,105,815

  • 7c · Gain or loss

    securities $1,105,815

  • 7d · Net gain or loss

    total $1,105,815 · related or exempt $0 · unrelated business $0 · excluded $1,105,815

  • 11a · Other revenue: Other Income

    total $358,777 · related or exempt $358,777 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $358,777

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $293,808 · program services $239,226 · management and general $54,582 · fundraising $0

  • 7 · Other salaries and wages

    total $33,909,916 · program services $27,610,316 · management and general $6,299,600 · fundraising $0

  • 8 · Pension plan contributions

    total $1,061,335 · program services $812,043 · management and general $249,292 · fundraising $0

  • 9 · Other employee benefits

    total $3,228,878 · program services $2,357,249 · management and general $871,629 · fundraising $0

  • 10 · Payroll taxes

    total $2,445,349 · program services $1,870,973 · management and general $574,376 · fundraising $0

  • 11b · Fees: legal

    total $57,200 · program services $38,137 · management and general $19,063 · fundraising $0

  • 11c · Fees: accounting

    total $143,520 · program services $95,688 · management and general $47,832 · fundraising $0

  • 11g · Fees: other

    total $2,760,622 · program services $1,735,740 · management and general $1,024,882 · fundraising $0

  • 12 · Advertising and promotion

    total $101,109 · program services $66,391 · management and general $34,718 · fundraising $0

  • 13 · Office expenses

    total $114,732 · program services $75,336 · management and general $39,396 · fundraising $0

  • 16 · Occupancy

    total $2,393,600 · program services $1,763,945 · management and general $629,655 · fundraising $0

  • 17 · Travel

    total $305,057 · program services $256,469 · management and general $48,588 · fundraising $0

  • 20 · Interest

    total $380,751 · program services $377,199 · management and general $3,552 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $2,042,319 · program services $1,579,819 · management and general $462,500 · fundraising $0

  • 23 · Insurance

    total $2,223,737 · program services $2,107,466 · management and general $116,271 · fundraising $0

  • 24a · Other expenses: Medical and pharmacy

    total $4,431,269 · program services $4,351,585 · management and general $79,684 · fundraising $0

  • 24b · Other expenses: Food services

    total $2,238,980 · program services $2,228,851 · management and general $10,129 · fundraising $0

  • 24c · Other expenses: Equipment purchase/repair

    total $399,023 · program services $258,043 · management and general $140,980 · fundraising $0

  • 24d · Other expenses: Supplies and other

    total $2,887,825 · program services $2,056,212 · management and general $831,613 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,620,961 · end of year $24,169,530

  • 2 · Savings and temporary cash investments

    beginning of year $13,748,099

  • 3 · Pledges and grants receivable

    beginning of year $3,331,390 · end of year $7,161,996

  • 4 · Accounts receivable

    beginning of year $3,429,340 · end of year $2,571,287

  • 7 · Other notes and loans receivable

    beginning of year $376,335

  • 8 · Inventories for sale or use

    beginning of year $412,001

  • 9 · Prepaid expenses and deferred charges

    beginning of year $579,402 · end of year $815,780

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

    $58,359,708

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

    $28,490,676

  • 10c · Land, buildings and equipment, net

    beginning of year $28,456,207 · end of year $29,869,032

  • 11 · Investments: publicly traded securities

    beginning of year $9,937,160 · end of year $11,006,923

  • 12 · Investments: other securities

    beginning of year $545,484

  • 15 · Other assets

    beginning of year $3,846,661 · end of year $1,431,256

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,590,722 · end of year $4,713,950

  • 19 · Deferred revenue

    beginning of year $2,294,170 · end of year $2,064,894

  • 23 · Secured mortgages and notes payable

    beginning of year $7,516,110 · end of year $6,780,614

  • 25 · Other liabilities

    beginning of year $1,116,998 · end of year $58,391

  • 27 · Net assets without donor restrictions

    beginning of year $58,765,040 · end of year $63,407,955

Mission and programs · 2024

Mission

Supporting recovery, promoting health, and creating hope.

  • Lifestream provides services to the youth in our community via its comprehensive array of childrens services including intervention, outpatient and on-site treatment. Each program is designed to meet the rigorous standards of Lifestreams funding sources which also includes incorporating EBP or Evidence-Based-Practices as documented in Lifestreams fully integrated EHR or Electronic Health Record systems. For FY 2025, 5,102 children were seen for almost 79,058 visits.

    Expenses $12,582,411 · Revenue $11,114,802

  • (1) The Florida state legislature recognized Lifestreams commitment to excellence by awarding recurring funding to the agencys innovative 16 bed residential program Road To Home, which helps individuals transition from costly state long term psychiatric hospitals to their local community. (2) Lifestream established the first of its kind medication-assisted treatment for consumers struggling with drug and alcohol addictions. The Florida Department of Children and Families and the Florida Alcohol and Drug Abuse Association selected Lifestream to provide medication assisted therapy to persons with substance abuse disorders who are also involved with the criminal justice system. (3) When the juvenile Treatment Alternatives for Safer Communities (TASC) program for the five counties in judicial circuit 5 were about to close, Lutheran Services of Florida turned to Lifestream to keep this vital service going and growing. (4) The Federal Substance Abuse and Mental Health Service Administration acknowledged Lifestream as a national leader in integrated primary/behavioral health care by awarding it a second grant to open an integrated behavioral health/primary care clinic in Clermont, FL. The clinic was awarded state funding as well to reduce hospital and emergency room admission rates by providing primary care and care coordination services to individuals with severe and chronic mental illness. (5) Lifestream opened a vital fifteen-bed residential program at Anthony House to care for pregnant and post-partum women with substance use disorders and their children. (6) Lifestream partners with the Eustis Community Foundation to establish the Open Door, a day-shelter for homeless persons living in the Eustis area. The program serves as average of 25 homeless individuals and family members daily. (7)The Lifestream Lake Academies continue their long partnership with the Lake County School Board to serve youngsters with serious emotional and behavioral disorders. The Academies involve kids families as well through the Strong United Resilient Families (SURF) program, an educational and skills-based parenting program recognized nationally as both a best and evidence-based practice. (8) The National Council on Behavioral Health selected Lifestream to lead the way as a learning community in the cessation of tobacco use by consumers and staff. By the end of the year, all Lifestream campuses and facilities had been designated tobacco-free. (9) Lifestream was selected by its managing entity to lead its zero suicide initiative to eliminate teen suicides through education, improved screening, early intervention and care coordination. (10) Lifestreams ongoing efforts to improve its consumers experience and health outcomes while simultaneously lowering costs led to the creation of Progress Health Systems Inc., a nonprofit health system designed to help affiliates increase revenues and reduce costs in order to better serve individuals with mental illness and substance use disorders in Lake, Sumter, Marion, Citrus, Orange, Osceola, and Hernando Counties in Central Florida.

    Expenses $37,298,277 · Revenue $11,040

As filed on the 2024 return.

Listed in Part VII

  • Jonathan Cherry

    Advisor

    Total calculated
    $270,785
    From this org
    $251,820
    From related orgs
    $0
    Other
    $18,965
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,820
    Bonus
    $40,000
    Other
    $0
    Deferred
    $12,709
    Nontaxable benefits
    $6,256
    Filer's total
    $270,785

  • Abid Darr

    Psychiatrist

    Total calculated
    $387,468
    From this org
    $365,964
    From related orgs
    $0
    Other
    $21,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $358,398
    Bonus
    $7,566
    Other
    $0
    Deferred
    $21,504
    Nontaxable benefits
    $0
    Filer's total
    $387,468

  • Thomas Valente

    Physician/Medical Director

    Total calculated
    $335,510
    From this org
    $309,071
    From related orgs
    $0
    Other
    $26,439
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $300,132
    Bonus
    $8,939
    Other
    $0
    Deferred
    $17,497
    Nontaxable benefits
    $8,941
    Filer's total
    $335,509

  • Miguel Correa

    Psychiatrist

    Total calculated
    $320,120
    From this org
    $293,960
    From related orgs
    $0
    Other
    $26,160
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $287,029
    Bonus
    $6,931
    Other
    $0
    Deferred
    $17,222
    Nontaxable benefits
    $8,938
    Filer's total
    $320,120

  • Margaret Yearwood

    Physicians Assistant

    Total calculated
    $192,876
    From this org
    $173,764
    From related orgs
    $0
    Other
    $19,112
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,521
    Bonus
    $4,243
    Other
    $0
    Deferred
    $10,171
    Nontaxable benefits
    $8,941
    Filer's total
    $192,876

  • Rick Hankey

    President & CEO

    Total calculated
    $307,669
    From this org
    $293,808
    From related orgs
    $0
    Other
    $13,861
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,310
    Bonus
    $8,498
    Other
    $0
    Deferred
    $13,861
    Nontaxable benefits
    $0
    Filer's total
    $307,669

  • Frank Pelot

    Chairman (11/24-6/25)

    Total calculated
    $0
    Hours/week
    0.25

  • Timothy Morris

    Chairman (7/24-10/24)

    Total calculated
    $0
    Hours/week
    0.25

  • Paul Jones

    Vice Chairman

    Total calculated
    $0
    Hours/week
    0.25

  • Michael Sleaford

    Treasurer

    Total calculated
    $0
    Hours/week
    0.25

  • Doug Childers Jr

    Secretary

    Total calculated
    $0
    Hours/week
    0.25

  • Bruce Duncan

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Charles Mojock

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Doug Childers Jr

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Jennifer Hill

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Jon Simpson

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Morgan Schroeder

    Director

    Total calculated
    $0
    Hours/week
    0.25

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 · 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.

  • Lifestream Behavioral Center Foundation Inc

    501(c)(3) · Fundraising for Lifestream Behavioral Center Inc · FL

    Directly controlled by Lifestream Behavioral Center Inc

  • Lake Region Homes Inc

    501(c)(3) · Apts for clients of Lifestream Behavioral Center Inc · FL · controlled entity

    Directly controlled by Lifestream Behavioral Center Inc

  • Anthony House

    501(c)(3) · Homeless shelter · FL · controlled entity

    Directly controlled by Lifestream Behavioral Center Inc

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.2
Source object
202612449349300321

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