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Nonprofiteer
← LIFESPACE COMMUNITIES INC

Form 990 for tax year 2023

Filed by LIFESPACE COMMUNITIES INC.

Totals

Total revenue
$236,087,395
Total expenses
$422,855,604
Contributions and grants received
$1,295,699
Grants paid
$10,312,892
Program service revenue
$338,768,901
Investment income
-$109,787,015
Other revenue
$5,809,810
Total assets, end of year
$1,333,809,519
Total liabilities, end of year
$1,719,746,365
Net assets or fund balances, end of year
-$385,936,846
Program services expenses (Part IX)
$369,214,521
Management and general expenses
$53,641,083
Fundraising expenses
$0
Program service expenses (Part III)
$369,214,521

Program services were 87.3% 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

    $1,212,945

  • 1e · Government grants (contributions)

    $82,754

  • 2a · Program service revenue: INDEPENDENT LIVING

    total $161,071,606 · related or exempt $161,071,606

  • 2b · Program service revenue: SKILLED NURSING

    total $142,124,400 · related or exempt $142,124,400

  • 2c · Program service revenue: ENTRANCE FEES

    total $35,572,895 · related or exempt $35,572,895

  • 3 · Investment income

    total $8,617,333 · excluded $8,617,333

  • 7a · Gross sales of assets other than inventory

    securities $1,592,397 · other assets $371,925

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

    securities $0 · other assets $120,368,670

  • 7c · Gain or loss

    securities $1,592,397 · other assets -$119,996,745

  • 7d · Net gain or loss

    total -$118,404,348 · excluded -$118,404,348

  • 10a · Gross sales of inventory

    -$570

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total -$570 · excluded -$570

  • 11a · Other revenue: MANAGEMENT FEES

    total $5,731,132 · excluded $5,731,132

  • 11b · Other revenue: EMPLOYEE MEALS

    total $79,248 · excluded $79,248

  • 11e · Other revenue, total

    $5,810,380

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,116,723 · program services $9,116,723

  • 2 · Grants to domestic individuals

    total $1,196,169 · program services $1,196,169

  • 5 · Compensation of officers, directors and key employees

    total $9,757,202 · program services $7,805,762 · management and general $1,951,440

  • 7 · Other salaries and wages

    total $140,212,746 · program services $112,170,197 · management and general $28,042,549

  • 8 · Pension plan contributions

    total $2,763,177 · program services $2,210,542 · management and general $552,635

  • 9 · Other employee benefits

    total $18,470,355 · program services $14,776,284 · management and general $3,694,071

  • 10 · Payroll taxes

    total $13,461,093 · program services $10,768,874 · management and general $2,692,219

  • 11b · Fees: legal

    total $1,232,527 · management and general $1,232,527

  • 11c · Fees: accounting

    total $309,569 · management and general $309,569

  • 11f · Fees: investment management

    total $4,344,190 · management and general $4,344,190

  • 11g · Fees: other

    total $12,680,847 · program services $12,046,805 · management and general $634,042

  • 12 · Advertising and promotion

    total $10,232,060 · program services $8,185,648 · management and general $2,046,412

  • 13 · Office expenses

    total $6,629,229 · program services $5,303,383 · management and general $1,325,846

  • 14 · Information technology

    total $3,525,063 · program services $2,820,050 · management and general $705,013

  • 16 · Occupancy

    total $30,556,436 · program services $30,556,436

  • 17 · Travel

    total $3,063,703 · program services $2,450,962 · management and general $612,741

  • 20 · Interest

    total $23,728,964 · program services $23,728,964

  • 22 · Depreciation, depletion and amortization

    total $75,300,555 · program services $71,535,527 · management and general $3,765,028

  • 23 · Insurance

    total $2,763,933 · program services $2,708,654 · management and general $55,279

  • 24a · Other expenses: DIETARY

    total $27,946,553 · program services $27,946,553

  • 24b · Other expenses: PLANT OPERATIONS

    total $10,126,001 · program services $10,126,001

  • 24c · Other expenses: MEDICAL SUPPLIES/DRUGS

    total $7,061,992 · program services $7,061,992

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $4,305,648 · program services $3,442,301 · management and general $863,347

  • 24e · All other expenses

    total $4,070,869 · program services $3,256,694 · management and general $814,175

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,386,281 · end of year $17,212,591

  • 2 · Savings and temporary cash investments

    beginning of year $6,825,629 · end of year $8,209,608

  • 4 · Accounts receivable

    beginning of year $21,025,781 · end of year $14,526,908

  • 8 · Inventories for sale or use

    beginning of year $721,581 · end of year $691,321

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,852,437 · end of year $5,476,359

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

    $1,576,681,791

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

    $651,373,671

  • 10c · Land, buildings and equipment, net

    beginning of year $916,269,926 · end of year $925,308,120

  • 11 · Investments: publicly traded securities

    beginning of year $95,482,250 · end of year $80,990,084

  • 13 · Investments: program-related

    beginning of year $1,128,141 · end of year $1,165,641

  • 14 · Intangible assets

    beginning of year $122,263,718 · end of year $80,693,956

  • 15 · Other assets

    beginning of year $227,154,275 · end of year $199,534,931

  • 17 · Accounts payable and accrued expenses

    beginning of year $74,481,045 · end of year $75,890,392

  • 19 · Deferred revenue

    beginning of year $8,486,052 · end of year $10,544,428

  • 20 · Tax-exempt bond liabilities

    beginning of year $655,435,025 · end of year $756,446,529

  • 23 · Secured mortgages and notes payable

    beginning of year $125,482,905 · end of year $64,038,136

  • 24 · Unsecured notes and loans payable

    beginning of year $1,459,141 · end of year $1,459,666

  • 25 · Other liabilities

    beginning of year $753,335,461 · end of year $811,367,214

  • 27 · Net assets without donor restrictions

    beginning of year -$205,569,610 · end of year -$385,936,846

Mission and programs · 2023

Mission

CREATING COMMUNITIES CELEBRATING THE LIVES OF SENIORS. LIFESPACE RECOGNIZES THAT ITS MISSION CAN ONLY BE FULFILLED THROUGH THE DEDICATED EFFORTS OF ITS EMPLOYEES, THEREFORE INCLUDED IN OUR MISSION IS THE ABILITY TO PROVIDE DISASTER RELIEF FUNDS TO EMPLOYEES WHO ENCOUNTER CIRCUMSTANCES RECOGNIZED BY FEDERAL AND STATE AGENCIES AS QUALIFYING FOR EMERGENCY DISASTER RELIEF.

Activities or mission (Part I)

CREATE COMMUNITIES CELEBRATING THE LIVES OF SENIORS.

  • LIFESPACE COMMUNITIES, INC. OWNS FOURTEEN DIFFERENT COMMUNITIES (5 IN FL, 3 TX, 2 IN IL, 1 IN MN, KS, PA, AND WI) WHICH PROVIDE APARTMENTS AND HEALTH CARE FOR RETIRED PERSONS. RESIDENTS PAY AN INITIAL ENTRANCE FEE AND MONTHLY FEES THEREAFTER WHICH ENTITLE THEM TO THE USE OF THE COMMUNITY FOR LIFE AND UNLIMITED USE OF THE HEALTH CENTER. RESIDENTS DO NOT ACQUIRE TITLE OF THE PROPERTY.

    Expenses $369,214,521 · Grants $10,312,892 · Revenue $338,768,901

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LAVERNE EPP

    DIRECTOR (04/2023)

    Total calculated
    $14,333
    From this org
    $14,333
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2.5 related

  • NEAL YANOFSKY

    DIRECTOR

    Total calculated
    $55,000
    From this org
    $55,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2.5 related

  • ANA DUTRA

    DIRECTOR

    Total calculated
    $43,000
    From this org
    $43,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2.5 related

  • PATRICK SPANGLER

    DIRECTOR

    Total calculated
    $43,000
    From this org
    $43,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2.5 related

  • VENITA FIELDS

    DIRECTOR & CHAIR

    Total calculated
    $43,000
    From this org
    $43,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2.5 related

  • JOYCE DARKEY-HRINYA

    DIRECTOR

    Total calculated
    $43,000
    From this org
    $43,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2.5 related

  • GARY BLACKFORD

    DIRECTOR

    Total calculated
    $41,000
    From this org
    $41,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2.5 related

  • SCOTT COLLIER

    DIRECTOR (4/2023)

    Total calculated
    $11,667
    From this org
    $11,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2.5 related

  • SUE DELVAUX

    DIRECTOR (4/2023)

    Total calculated
    $11,667
    From this org
    $11,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2.5 related

  • DAVID S WILLIAMS III

    DIRECTOR

    Total calculated
    $35,000
    From this org
    $35,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2.5 related

  • JONATHAN SOKEYE

    DIRECTOR

    Total calculated
    $35,000
    From this org
    $35,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2.5 related

  • CLYDE STRETCH

    DIRECTOR

    Total calculated
    $26,250
    From this org
    $26,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2.5 related

  • AMY MCDONOUGH

    DIRECTOR

    Total calculated
    $26,250
    From this org
    $26,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2.5 related

  • CLAUS JENSEN

    DIRECTOR

    Total calculated
    $26,250
    From this org
    $26,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2.5 related

  • JENIFER SALAMINO

    DIRECTOR

    Total calculated
    $26,250
    From this org
    $26,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2.5 related

  • JESSE JANTZEN

    PRESIDENT & CEO

    Total calculated
    $1,415,732
    From this org
    $1,372,900
    From related orgs
    $0
    Other
    $42,832
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $712,577
    Bonus
    $515,666
    Other
    $144,657
    Deferred
    $30,250
    Nontaxable benefits
    $12,582
    Filer's total
    $1,415,732

  • NICHOLAS HARSHFIELD

    CHIEF FINANCIAL OFFICER

    Total calculated
    $1,007,676
    From this org
    $952,088
    From related orgs
    $0
    Other
    $55,588
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $443,305
    Bonus
    $263,761
    Other
    $245,022
    Deferred
    $46,916
    Nontaxable benefits
    $8,672
    Filer's total
    $1,007,676

  • BRIAN ROBBINS

    CHIEF OPERATING OFFICER

    Total calculated
    $524,675
    From this org
    $485,799
    From related orgs
    $0
    Other
    $38,876
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $387,304
    Bonus
    $0
    Other
    $98,495
    Deferred
    $30,946
    Nontaxable benefits
    $7,930
    Filer's total
    $524,675

  • SARA HAMM

    CHIEF CLINICAL & PUBLIC HEALTH OFFICER (9/2023)

    Total calculated
    $520,009
    From this org
    $497,098
    From related orgs
    $0
    Other
    $22,911
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $197,924
    Bonus
    $147,971
    Other
    $151,203
    Deferred
    $19,400
    Nontaxable benefits
    $3,511
    Filer's total
    $520,009

  • KENNETH POINSETTE

    CHIEF INFORMATION OFFICER (7/2023)

    Total calculated
    $468,602
    From this org
    $416,024
    From related orgs
    $0
    Other
    $52,578
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $144,182
    Bonus
    $109,390
    Other
    $162,452
    Deferred
    $29,761
    Nontaxable benefits
    $22,817
    Filer's total
    $468,602

  • DANA SMITH

    CHIEF MARKETING & EXPERIENCE OFFICER (9/2023)

    Total calculated
    $379,920
    From this org
    $345,389
    From related orgs
    $0
    Other
    $34,531
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $212,093
    Bonus
    $103,570
    Other
    $29,726
    Deferred
    $24,134
    Nontaxable benefits
    $10,397
    Filer's total
    $379,920

  • IAN MARSHALL

    VICE PRESIDENT OF ORGANIZATION DEVELOPMENT (11/23

    Total calculated
    $348,205
    From this org
    $312,541
    From related orgs
    $0
    Other
    $35,664
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $204,140
    Bonus
    $69,778
    Other
    $38,623
    Deferred
    $28,824
    Nontaxable benefits
    $6,840
    Filer's total
    $348,205

  • NATALIE NGUYEN

    SENIOR VICE PRESIDENT

    Total calculated
    $341,458
    From this org
    $311,709
    From related orgs
    $0
    Other
    $29,749
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $251,901
    Bonus
    $32,500
    Other
    $27,308
    Deferred
    $19,250
    Nontaxable benefits
    $10,499
    Filer's total
    $341,458

  • NIKKI KRESSE

    CHIEF PEOPLE & COMMUNICATIONS OFFICER

    Total calculated
    $758,469
    From this org
    $717,876
    From related orgs
    $0
    Other
    $40,593
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $343,464
    Bonus
    $301,724
    Other
    $72,688
    Deferred
    $30,182
    Nontaxable benefits
    $10,411
    Filer's total
    $758,469

  • MICHAEL ROACH

    CHIEF STRATEGY OFFICER

    Total calculated
    $574,550
    From this org
    $574,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $339,946
    Bonus
    $193,781
    Other
    $40,823
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $574,550

  • RUSSELL MAUK

    VICE PRESIDENT DESIGN & CONSTRUCTION

    Total calculated
    $526,350
    From this org
    $481,703
    From related orgs
    $0
    Other
    $44,647
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $290,700
    Bonus
    $116,549
    Other
    $74,454
    Deferred
    $33,273
    Nontaxable benefits
    $11,374
    Filer's total
    $526,350

  • JOSEPH GORMAN

    GENERAL COUNSEL

    Total calculated
    $519,377
    From this org
    $476,905
    From related orgs
    $0
    Other
    $42,472
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $334,402
    Bonus
    $99,710
    Other
    $42,793
    Deferred
    $31,250
    Nontaxable benefits
    $11,222
    Filer's total
    $519,377

  • RICK OROS

    VICE PRESIDENT HEALTHCARE OPERATIONS

    Total calculated
    $419,792
    From this org
    $400,524
    From related orgs
    $0
    Other
    $19,268
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $244,046
    Bonus
    $102,324
    Other
    $54,154
    Deferred
    $13,302
    Nontaxable benefits
    $5,966
    Filer's total
    $419,792

  • TRACEY CROWNOVER

    VICE PRESIDENT PROCESS & SYSTEM OPTIMIZATION

    Total calculated
    $419,892
    From this org
    $377,188
    From related orgs
    $0
    Other
    $42,704
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $247,224
    Bonus
    $80,308
    Other
    $49,656
    Deferred
    $30,250
    Nontaxable benefits
    $12,454
    Filer's total
    $419,892

  • MARY ANN GILLETTE

    VICE PRESIDENT SALES

    Total calculated
    $407,878
    From this org
    $369,328
    From related orgs
    $0
    Other
    $38,550
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $270,586
    Bonus
    $78,902
    Other
    $19,840
    Deferred
    $31,512
    Nontaxable benefits
    $7,038
    Filer's total
    $407,878

  • ERIN POPE

    SENIOR VICE PRESIDENT CHIEF COMPLIANCE & DEPUTY GE

    Total calculated
    $341,714
    From this org
    $319,325
    From related orgs
    $0
    Other
    $22,389
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $252,922
    Bonus
    $48,267
    Other
    $18,136
    Deferred
    $17,776
    Nontaxable benefits
    $4,613
    Filer's total
    $341,714

  • MEGHAN ZIEGELMEYER

    VICE PRESIDENT HEALTHCARE SALES & MARKETING

    Total calculated
    $302,235
    From this org
    $276,586
    From related orgs
    $0
    Other
    $25,649
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $189,066
    Bonus
    $60,343
    Other
    $27,177
    Deferred
    $20,376
    Nontaxable benefits
    $5,273
    Filer's total
    $302,235

  • BRYAN WELTY

    EXECUTIVE DIRECTOR

    Total calculated
    $298,993
    From this org
    $269,152
    From related orgs
    $0
    Other
    $29,841
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $167,249
    Bonus
    $45,000
    Other
    $56,903
    Deferred
    $22,794
    Nontaxable benefits
    $7,047
    Filer's total
    $298,993

  • ZACHARY JACOBSEN

    VICE PRESIDENT REGIONAL OPERATIONS

    Total calculated
    $267,624
    From this org
    $255,526
    From related orgs
    $0
    Other
    $12,098
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $238,187
    Bonus
    $0
    Other
    $17,339
    Deferred
    $9,501
    Nontaxable benefits
    $2,597
    Filer's total
    $267,624

  • JAMES HORSMAN

    EXECUTIVE DIRECTOR

    Total calculated
    $370,229
    From this org
    $314,048
    From related orgs
    $0
    Other
    $56,181
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $200,235
    Bonus
    $63,965
    Other
    $49,848
    Deferred
    $45,405
    Nontaxable benefits
    $10,776
    Filer's total
    $370,229

  • ANDREW KAZMIERCZAK

    VICE PRESIDENT REGIONAL OPERATIONS

    Total calculated
    $345,344
    From this org
    $299,356
    From related orgs
    $0
    Other
    $45,988
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $230,451
    Bonus
    $25,559
    Other
    $43,346
    Deferred
    $34,440
    Nontaxable benefits
    $11,548
    Filer's total
    $345,344

  • KY MOODY

    EXECUTIVE DIRECTOR

    Total calculated
    $324,233
    From this org
    $296,720
    From related orgs
    $0
    Other
    $27,513
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $204,010
    Bonus
    $40,258
    Other
    $52,452
    Deferred
    $17,948
    Nontaxable benefits
    $9,565
    Filer's total
    $324,233

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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 4A
NAME: IAN MARSHALL, DESCRIPTION: SEVERANCE, CURRENT YEAR AMOUNT: $8,517. PLAN DESCRIPTION: SEVERANCE NAME: KENNETH POINSETTE, DESCRIPTION: SEVERANCE, CURRENT YEAR AMOUNT: $134,170. PLAN DESCRIPTION: SEVERANCE & COBRA REIMBURSEMENT NAME: SARA E. HAMM, DESCRIPTION: SEVERANCE & 457F DISTRIBUTION, CURRENT YEAR AMOUNT: $149,346. PLAN DESCRIPTION: SEVERANCE & 457F DISTRIBUTION

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

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 corporations and trusts

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

  • PRAIRIE VIEW CLUB OF KANSAS

    C · RESIDENT ENTERTAINMENT SERVICES · KS · 100% owned · share of assets $188,199 · controlled entity

    Directly controlled by LIFESPACE COMMUNITIES INC

  • SENIORITY INC

    C · OPERATIONS OF RETIREMENT COMMUNITIES · TX · 100% owned · share of assets $843,026 · controlled entity

    Directly controlled by SENIOR QUALITY LIFESTYLES CORPORATION

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349324322

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