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Nonprofiteer
← AMERICAN EAGLE LIFECARE CORPORATION

Form 990 for tax year 2023

Filed by AMERICAN EAGLE LIFECARE CORPORATION.

Totals

Total revenue
$70,184,128
Total expenses
$79,483,923
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$66,621,886
Investment income
$1,098,605
Other revenue
$2,463,637
Total assets, end of year
$271,614,085
Total liabilities, end of year
$271,265,640
Net assets or fund balances, end of year
$348,445
Program services expenses (Part IX)
$62,064,772
Management and general expenses
$17,419,151
Fundraising expenses
$0
Program service expenses (Part III)
$62,064,772

Program services were 78.1% 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: ASSISTED LIVING REVENUE

    total $33,895,771 · related or exempt $33,895,771

  • 2b · Program service revenue: INDEPENDENT LIVING REVENUE

    total $16,602,516 · related or exempt $16,602,516

  • 2c · Program service revenue: MEMORY CARE REVENUE

    total $8,609,601 · related or exempt $8,609,601

  • 2d · Program service revenue: SKILLED NURSING REVENUE

    total $7,513,998 · related or exempt $7,513,998

  • 3 · Investment income

    total $1,098,605 · excluded $1,098,605

  • 6a · Gross rents

    real property $1,971,064

  • 6b · Less rental expenses

    real property $2,034,321

  • 6c · Rental income or loss

    real property -$63,257

  • 6d · Net rental income or loss

    total -$63,257 · related or exempt -$63,257

  • 11a · Other revenue: MANAGEMENT FEES

    total $1,445,864 · related or exempt $1,445,864

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $1,081,030 · related or exempt $1,081,030

  • 11e · Other revenue, total

    $2,526,894

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,566,230 · program services $1,252,984 · management and general $313,246

  • 7 · Other salaries and wages

    total $23,718,286 · program services $18,974,629 · management and general $4,743,657

  • 9 · Other employee benefits

    total $2,078,180 · program services $1,662,544 · management and general $415,636

  • 10 · Payroll taxes

    total $1,867,116 · program services $1,493,693 · management and general $373,423

  • 11a · Fees: management

    total $3,623,389 · program services $2,536,372 · management and general $1,087,017

  • 11b · Fees: legal

    total $373,311 · program services $93,328 · management and general $279,983

  • 11c · Fees: accounting

    total $214,560 · management and general $214,560

  • 11g · Fees: other

    total $1,347,077 · program services $404,123 · management and general $942,954

  • 12 · Advertising and promotion

    total $1,999,163 · program services $1,699,289 · management and general $299,874

  • 13 · Office expenses

    total $3,290,208 · program services $1,974,125 · management and general $1,316,083

  • 16 · Occupancy

    total $10,576,120 · program services $8,989,702 · management and general $1,586,418

  • 17 · Travel

    total $195,260 · program services $146,446 · management and general $48,814

  • 19 · Conferences, conventions and meetings

    total $161,791 · program services $121,343 · management and general $40,448

  • 20 · Interest

    total $11,781,747 · program services $8,836,310 · management and general $2,945,437

  • 22 · Depreciation, depletion and amortization

    total $8,867,858 · program services $7,094,286 · management and general $1,773,572

  • 23 · Insurance

    total $1,137,713 · program services $910,170 · management and general $227,543

  • 24a · Other expenses: FOOD/DINING/KITCHEN EXP

    total $4,950,744 · program services $4,950,744

  • 24b · Other expenses: RESTRUCTURING FEES

    total $818,685 · program services $450,277 · management and general $368,408

  • 24c · Other expenses: PAYROLL SERVICE

    total $354,378 · program services $301,221 · management and general $53,157

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $346,372 · program services $173,186 · management and general $173,186

  • 24e · All other expenses

    total $215,735 · management and general $215,735

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $552,001 · end of year $560,419

  • 2 · Savings and temporary cash investments

    beginning of year $7,877,992 · end of year $7,871,203

  • 4 · Accounts receivable

    beginning of year $2,248,536 · end of year $2,281,426

  • 9 · Prepaid expenses and deferred charges

    beginning of year $197,007 · end of year $244,804

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

    $262,915,619

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

    $50,309,981

  • 10c · Land, buildings and equipment, net

    beginning of year $216,241,906 · end of year $212,605,638

  • 11 · Investments: publicly traded securities

    beginning of year $1,349,321 · end of year $3,686,182

  • 14 · Intangible assets

    beginning of year $92,700 · end of year $68,053

  • 15 · Other assets

    beginning of year $51,668,878 · end of year $44,296,360

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,938,045 · end of year $11,250,381

  • 19 · Deferred revenue

    beginning of year $327,150 · end of year $641,329

  • 20 · Tax-exempt bond liabilities

    beginning of year $216,009,191 · end of year $216,069,102

  • 23 · Secured mortgages and notes payable

    beginning of year $40,242,121 · end of year $39,196,333

  • 25 · Other liabilities

    beginning of year $3,981,845 · end of year $4,108,495

  • 27 · Net assets without donor restrictions

    beginning of year $11,729,989 · end of year $348,445

Mission and programs · 2023

Mission

THE ORGANIZATION ACQUIRES, OWNS, MAINTAINS AND OPERATES NURSING HOMES, SENIOR LIVING FACILITIES AND/OR ASSISTED LIVING FACILITIES AND RELATED FACILITIES PROVIDING HEALTH CARE OR OTHER SERVICES TO THE ELDERLY AND INFIRMED OR DISABLED AND/OR DISADVANTAGED PERSONS THROUGHOUT THE UNITED STATES. THE ORGANIZATION ALSO DEVELOPS AND DEPLOYS EDUCATIONAL PROGRAMS AND SUPPORTING RESEARCH IN THE AREA OF LEARNING SCIENCE AND INNOVATIVE EDUCATIONAL PROGRAMS AND TOOLS IN A VARIETY OF MEDIA FOR TRAINING AND EDUCATIONAL PURPOSES.

Activities or mission (Part I)

THE ORGANIZATION OWNS AND OPERATES NURSING HOMES, SENIOR LIVING FACILITIES, ASSISTED LIVING FACILITIES, AND PROVIDES HEALTHCARE AND OTHER SERVICES TO THE ELDERLY AND INFIRMED.

  • THE COMMUNITIES OF THE ORGANIZATION PROVIDE A VARIETY OF SERVICES TO THE ELDERLY THROUGHOUT THE UNITED STATES. THESE FACILITIES PROVIDE SERVICES WITHOUT CHARGE, OR AT AMOUNTS LESS THAN ESTABLISHED RATES, TO PATIENTS WHO MEET THE CRITERIA OF ITS CHARITY CARE OR UNINSURED POLICIES. THE CRITERIA FOR CHARITY CARE TAKES INTO CONSIDERATION HEALTH & HUMAN SERVICES FEDERAL POVERTY GUIDELINES, FAMILY ASSETS, FAMILY SIZE, EMPLOYMENT STATUS, ORDINARY FAMILY EXPENSES, AND OTHER RELATED INFORMATION.

    Expenses $62,064,772 · Revenue $69,085,523

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

Listed in Part VII

  • Ephram Lahasky

    CEO & CHAIR

    Total calculated
    $188,308
    From this org
    $188,308
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,308
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $188,308

  • Larry Katz

    VICE PRESIDENT & MEMBER

    Total calculated
    $188,308
    From this org
    $188,308
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,308
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $188,308

  • Sam Feuer

    PRESIDENT & MEMBER

    Total calculated
    $188,308
    From this org
    $188,308
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,308
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $188,308

  • Barry Braunstein

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Randall Rutta

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cory Wake

    VICE PRESIDENT

    Total calculated
    $235,860
    From this org
    $222,577
    From related orgs
    $0
    Other
    $13,283
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,577
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,283
    Filer's total
    $235,860

  • Todd Topliff

    CFO & CCO

    Total calculated
    $278,081
    From this org
    $248,639
    From related orgs
    $0
    Other
    $29,442
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,639
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $29,442
    Filer's total
    $278,081

  • Franklin Scott Kellman

    FOUNDER

    Total calculated
    $487,365
    From this org
    $463,950
    From related orgs
    $0
    Other
    $23,415
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $463,950
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,415
    Filer's total
    $487,365

  • April D Hughes

    DIRECTOR OF NURSING

    Total calculated
    $165,907
    From this org
    $152,584
    From related orgs
    $0
    Other
    $13,323
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,584
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,323
    Filer's total
    $165,907

  • Wendel Adams

    VP OF PHYSICAL PLANT

    Total calculated
    $188,712
    From this org
    $188,712
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,712
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $188,712

  • Stephanie Cruz

    MARKETING DIRECTOR

    Total calculated
    $110,516
    From this org
    $110,516
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sherry Hersley

    REGISTERED NURSE

    Total calculated
    $115,842
    From this org
    $114,734
    From related orgs
    $0
    Other
    $1,108
    Hours/week
    40

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

  • 1a · Payments for business use of a personal residence
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • AMERICAN EAGLE MORNING BREEZE LLC

    CONTINUING CARE RETIREMENT COMMUNITY · IN · income $8,346,363 · assets $1,429,429

    Directly controlled by AMERICAN EAGLE LIFECARE CORPORATION

  • AE GREENSBURG FACILITY COMPANY LLC

    FACILITY COMPANY · IN · income $505,386 · assets $5,265,127

    Directly controlled by AMERICAN EAGLE LIFECARE CORPORATION

  • AMERICAN EAGLE HAMLET HOLDING LLC

    HOLDING COMPANY · OH · income $0 · assets $0

    Directly controlled by AMERICAN EAGLE LIFECARE CORPORATION

  • HAMLET HEALTH CARE LLC

    FACILITY COMPANY · OH · income $512,566 · assets $5,190,976

    Directly controlled by AMERICAN EAGLE HAMLET HOLDING LLC

  • HAMLET ASSISTED LIVING LLC

    FACILITY COMPANY · OH · income $961,413 · assets $14,131,122

    Directly controlled by AMERICAN EAGLE HAMLET HOLDING LLC

  • HAMLET OPERATOR HOLDING LLC

    HOLDING COMPANY · OH · income $0 · assets $133,910

    Directly controlled by AMERICAN EAGLE HAMLET HOLDING LLC

  • HAMLET ASSISTED LIVING OPERATOR LLC

    ASSISTED LIVING FACILITY · OH · income $5,486,403 · assets $1,687,431

    Directly controlled by HAMLET OPERATOR HOLDING LLC

  • HAMLET HILLS LLC

    INDEPENDENT LIVING FACILITY · OH · income $4,135,817 · assets $25,801,337

    Directly controlled by HAMLET OPERATOR HOLDING LLC

  • SENIOR HOUSING ASSET RESOURCES LLC

    ASSET MANAGEMENT COMPANY · DE · income $972,323 · assets $8,686,421

    Directly controlled by AMERICAN EAGLE LIFECARE CORPORATION

  • AE WOODLAND TOWERS FACILITY LLC

    FACILITY COMPANY · FL · income $0 · assets $0

    Directly controlled by AMERICAN EAGLE LIFECARE CORPORATION

  • AMERICAN EAGLE WOODLAND TOWERS LLC

    INDEPENDENT LIVING AND ASSISTED LIVING FACILITY · FL · income $0 · assets $0

    Directly controlled by AMERICAN EAGLE LIFECARE CORPORATION

  • AMERICAN EAGLE DELAWARE HOLDING COMPANY LLC

    HOLDING COMPANY · DE · income $958,073 · assets $24,830,865

    Directly controlled by AMERICAN EAGLE LIFECARE CORPORATION

  • AMERICAN EAGLE LEESBURG AL LLC

    ASSISTED LIVING FACILITY · FL · income $0 · assets $0

    Directly controlled by AMERICAN EAGLE DELAWARE HOLDING COMPANY LLC

  • AMERICAN EAGLE LEESBURG MC LLC

    MEMORY CARE FACILITY · FL · income $0 · assets $0

    Directly controlled by AMERICAN EAGLE DELAWARE HOLDING COMPANY LLC

  • AMERICAN EAGLE VENICE ISLAND LLC

    MEMORY CARE FACILITY · FL · income $2,306,776 · assets $9,389,098

    Directly controlled by AMERICAN EAGLE DELAWARE HOLDING COMPANY LLC

  • AMERICAN EAGLE TUSKAWILLA LLC

    ASSISTED LIVING FACILITY · FL · income $3,480,498 · assets $12,194,942

    Directly controlled by AMERICAN EAGLE DELAWARE HOLDING COMPANY LLC

  • AMERICAN EAGLE BRANDON LLC

    ASSISTED LIVING FACILITY · FL · income $4,589,728 · assets $13,452,391

    Directly controlled by AMERICAN EAGLE DELAWARE HOLDING COMPANY LLC

  • AMERICAN EAGLE ISLAND LAKE LLC

    INDEPENDENT LIVING & ASSISTED LIVING FACILITY · FL · income $10,960,288 · assets $56,991,867

    Directly controlled by AMERICAN EAGLE DELAWARE HOLDING COMPANY LLC

  • AMERICAN EAGLE TITUSVILLE LLC

    INDEPENDENT LIVING & ASSISTED LIVING FACILITY · FL · income $3,671,633 · assets $15,964,500

    Directly controlled by AMERICAN EAGLE DELAWARE HOLDING COMPANY LLC

  • AMERICAN EAGLE EAU GALLIE LLC

    ASSISTED LIVING FACILITY · FL · income $2,802,905 · assets $10,405,026

    Directly controlled by AMERICAN EAGLE DELAWARE HOLDING COMPANY LLC

  • AMERICAN EAGLE PALMER PARK LLC

    MEMORY CARE FACILITY · CO · income $3,311,097 · assets $9,754,086

    Directly controlled by AMERICAN EAGLE DELAWARE HOLDING COMPANY LLC

  • AMERICAN EAGLE OWATONNA AL LLC

    ASSISTED LIVING AND MEMORY CARE FACILITY · MN · income $2,373,209 · assets $8,340,357

    Directly controlled by AMERICAN EAGLE DELAWARE HOLDING COMPANY LLC

  • AMERICAN EAGLE HANCEVILLE LLC

    ASSISTED LIVING FACILITY · AL · income $2,006,437 · assets $5,071,052

    Directly controlled by AMERICAN EAGLE DELAWARE HOLDING COMPANY LLC

  • AMERICAN EAGLE RAVENNA LLC

    ASSISTED LIVING FACILITY · OH · income $3,377,842 · assets $8,538,082

    Directly controlled by AMERICAN EAGLE DELAWARE HOLDING COMPANY LLC

  • AMERICAN EAGLE NEWARK LLC

    ASSISTED LIVING FACILITY · OH · income $1,992,203 · assets $3,591,810

    Directly controlled by AMERICAN EAGLE DELAWARE HOLDING COMPANY LLC

  • AMERICAN EAGLE KINGSTON LLC

    ASSISTED LIVING FACILITY · TN · income $2,048,128 · assets $4,140,208

    Directly controlled by AMERICAN EAGLE DELAWARE HOLDING COMPANY LLC

  • AMERICAN EAGLE HENDERSONVILLE LLC

    INDEPENDENT LIVING & ASSISTED LIVING FACILITY · TN · income $4,094,952 · assets $16,018,256

    Directly controlled by AMERICAN EAGLE DELAWARE HOLDING COMPANY LLC

  • AMERICAN EAGLE PLEASANT PRAIRIE LLC

    ASSISTED LIVING FACILITY · DE · income $2,838,319 · assets $10,046,002

    Directly controlled by AMERICAN EAGLE DELAWARE HOLDING COMPANY LLC

  • AMERICAN EAGLE CASTLE HILLS LLC

    ASSISTED LIVING AND MEMORY CARE FACILITY · TX · income $0 · assets $0

    Directly controlled by AMERICAN EAGLE DELAWARE HOLDING COMPANY LLC

  • ALL POINTS MANAGEMENT LLC

    MANAGEMENT SERVICES · DE · income $725,759 · assets $0

    Directly controlled by AMERICAN EAGLE LIFECARE CORPORATION

Provenance

Return type
form_990
Tax year
2023
Filed
25 November 2024
IRS schema version
2023v5.1
Source object
202443309349301404

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