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Nonprofiteer
← LANDIS HOMES RETIREMENT COMMUNITY

Form 990 for tax year 2023

Filed by LANDIS HOMES RETIREMENT COMMUNITY.

Totals

Total revenue
$56,619,386
Total expenses
$53,447,857
Contributions and grants received
$946,005
Grants paid
$28,500
Program service revenue
$48,239,315
Investment income
$4,167,071
Other revenue
$3,266,995
Total assets, end of year
$184,307,302
Total liabilities, end of year
$151,744,703
Net assets or fund balances, end of year
$32,562,599
Program services expenses (Part IX)
$44,841,381
Management and general expenses
$8,602,480
Fundraising expenses
$3,996
Program service expenses (Part III)
$44,841,381

Program services were 83.9% 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.

  • 1c · Fundraising events

    $195,970

  • 1e · Government grants (contributions)

    $34,967

  • 1f · All other contributions, gifts and grants

    $715,068

  • 2a · Program service revenue: RESIDENT SERVICE REV.

    total $41,206,124 · related or exempt $41,206,124

  • 2b · Program service revenue: AMORT OF ENTRANCE FEES

    total $7,033,191 · related or exempt $7,033,191

  • 3 · Investment income

    total $1,970,980 · excluded $1,970,980

  • 6a · Gross rents

    real property $276,913

  • 6b · Less rental expenses

    real property $269,844

  • 6c · Rental income or loss

    real property $7,069

  • 6d · Net rental income or loss

    total $7,069 · excluded $7,069

  • 7a · Gross sales of assets other than inventory

    securities $19,139,219 · other assets $4,000

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

    securities $16,946,649 · other assets $479

  • 7c · Gain or loss

    securities $2,192,570 · other assets $3,521

  • 7d · Net gain or loss

    total $2,196,091 · excluded $2,196,091

  • 8a · Fundraising events: gross income

    $54,548

  • 8a · Fundraising events: contributions included on line 1c

    $195,970

  • 8b · Fundraising events: direct expenses

    $28,887

  • 8c · Net income from fundraising events

    total $25,661 · excluded $25,661

  • 10a · Gross sales of inventory

    $109,650

  • 10b · Cost of goods sold

    $105,380

  • 10c · Net income from sales of inventory

    total $4,270 · excluded $4,270

  • 11a · Other revenue: REIMBURSED EXPENSES

    total $1,985,852 · excluded $1,985,852

  • 11b · Other revenue: CAFETERIA REVENUE

    total $877,295 · excluded $877,295

  • 11c · Other revenue: TELEPHONE & TV

    total $124,032 · excluded $124,032

  • 11d · All other revenue

    total $242,816 · excluded $242,816

  • 11e · Other revenue, total

    $3,229,995

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $28,500 · program services $28,500

  • 7 · Other salaries and wages

    total $18,935,272 · program services $18,311,812 · management and general $623,460

  • 8 · Pension plan contributions

    total $517,851 · program services $500,800 · management and general $17,051

  • 9 · Other employee benefits

    total $3,741,713 · program services $3,741,713

  • 10 · Payroll taxes

    total $1,618,323 · program services $1,565,038 · management and general $53,285

  • 11a · Fees: management

    total $6,384,264 · program services $703,444 · management and general $5,680,820

  • 11b · Fees: legal

    total $15,113 · management and general $15,113

  • 11c · Fees: accounting

    total $17,546 · management and general $17,546

  • 11d · Fees: lobbying

    total $1,500 · management and general $1,500

  • 11e · Fees: professional fundraising services

    total $151 · fundraising $151

  • 11f · Fees: investment management

    total $133,123 · management and general $133,123

  • 11g · Fees: other

    total $2,193,137 · program services $1,862,639 · management and general $330,498

  • 12 · Advertising and promotion

    total $52,245 · management and general $52,245

  • 13 · Office expenses

    total $1,198,624 · program services $802,961 · management and general $395,178 · fundraising $485

  • 14 · Information technology

    total $279,998 · management and general $279,998

  • 16 · Occupancy

    total $2,587,481 · program services $2,586,634 · management and general $847

  • 17 · Travel

    total $113,563 · program services $104,066 · management and general $9,497

  • 19 · Conferences, conventions and meetings

    total $64,408 · program services $42,952 · management and general $21,456

  • 20 · Interest

    total $4,152,107 · program services $4,152,107

  • 22 · Depreciation, depletion and amortization

    total $7,439,209 · program services $7,439,209

  • 23 · Insurance

    total $541,804 · program services $541,804

  • 24a · Other expenses: FOOD

    total $1,830,188 · program services $1,830,188

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $498,759 · program services $498,759

  • 24c · Other expenses: BED ASSESSMENT EXPENSE

    total $318,225 · management and general $318,225

  • 24d · Other expenses: OTHER RESIDENT SERVICES

    total $252,428 · program services $9,294 · management and general $243,134

  • 24e · All other expenses

    total $532,325 · program services $119,461 · management and general $409,504 · fundraising $3,360

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,085 · end of year $2,010

  • 2 · Savings and temporary cash investments

    beginning of year $9,341,948 · end of year $3,090,633

  • 3 · Pledges and grants receivable

    beginning of year $1,000 · end of year $33,457

  • 4 · Accounts receivable

    beginning of year $2,963,416 · end of year $4,113,911

  • 9 · Prepaid expenses and deferred charges

    beginning of year $355,205 · end of year $335,171

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

    $199,265,986

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

    $92,417,897

  • 10c · Land, buildings and equipment, net

    beginning of year $107,404,845 · end of year $106,848,089

  • 11 · Investments: publicly traded securities

    beginning of year $57,014,278 · end of year $66,157,826

  • 12 · Investments: other securities

    beginning of year $977,685 · end of year $1,067,922

  • 15 · Other assets

    beginning of year $1,452,961 · end of year $2,658,283

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,401,943 · end of year $10,691,482

  • 19 · Deferred revenue

    beginning of year $41,001,047 · end of year $39,315,830

  • 20 · Tax-exempt bond liabilities

    beginning of year $99,282,553 · end of year $97,920,634

  • 25 · Other liabilities

    beginning of year $1,815,839 · end of year $3,816,757

  • 27 · Net assets without donor restrictions

    beginning of year $24,712,867 · end of year $29,933,458

  • 28 · Net assets with donor restrictions

    beginning of year $2,299,174 · end of year $2,629,141

Mission and programs · 2023

Mission

THE MINISTRY OF LANDIS HOMES IS TO SERVE AGING ADULTS AND THEIR FAMILIES BY HONORING AND ENRICHING THEIR LIVES IN A COMMUNITY OF CHRIST-LIKE LOVE.

Activities or mission (Part I)

CONTINUING CARE RETIREMENT COMMUNITY PROVIDING HOUSING, HEALTH CARE AND OTHER RELATED SERVICES.

  • LANDIS HOMES IS A CONTINUING CARE RETIREMENT COMMUNITY SERVING THE AGING POPULATION BY PROVIDING HOUSING, HEALTHCARE, AND RELATED SERVICES ON A 114-ACRE CAMPUS SURROUNDED BY PRESERVED FARMLAND. LANDIS HOMES IS HOME TO ALMOST 850 PERSONS LIVING IN HYBRID HOMES, COTTAGES, APARTMENTS, SUITES, PERSONAL CARE, HEALTHCARE, AND HERITAGE SPECIAL CARE (PERSONS WITH MEMORY LOSS). AVERAGE OCCUPANCY FOR FISCAL 2024 WAS AS FOLLOWS FOR THE YEAR: RESIDENTIAL LIVING - 97%, PERSONAL CARE - 92%, AND SKILLED NURSING - 97%. LANDIS HOMES PROVIDES CHARITY CARE TO RESIDENTS WHO MEET CERTAIN CRITERIA WITHOUT CHARGE OR AT AMOUNTS LESS THAN ESTABLISHED RATES. IN 2024 CHARITY CARE, WHICH REPRESENTS THE DIFFERENCE BETWEEN THE ESTIMATED COST OF PROVIDING CARE AND THE PAYMENTS RECEIVED FOR SERVICES RENDERED, TOTALED $3,756,333. LANDIS HOMES ALSO HOSTS A MEMORY SUPPORT AND A PARKINSON'S SUPPORT GROUP; BOTH PROGRAMS ARE OPEN TO THE PUBLIC COMMUNITY. VOLUNTEERS PROVIDE VARIOUS SERVICES FOR THE ORGANIZATION. THESE SERVICES ARE NOT RECOGNIZED AS CONTRIBUTIONS IN THE FINANCIAL STATEMENTS AS THE RECOGNITION CRITERIA UNDER THE AUTHORITATIVE ACCOUNTING GUIDANCE WERE NOT MET. VOLUNTEERS CONTRIBUTED 26,795 HOURS IN FISCAL 2024.

    Expenses $44,841,381 · Grants $28,500 · Revenue $48,239,315

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

Listed in Part VII

  • Glen Moffett

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gerry Horst

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rachel Hess

    VICE CHAIR (UNTIL 11/23)

    Total calculated
    $0
    Hours/week
    1

  • Lisa Clark

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Moore

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mim Book

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bill Davis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sherwood Lingenfelter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • George Stoltzfus

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jenn Orantes

    TRUSTEE (UNTIL 11/23)

    Total calculated
    $0
    Hours/week
    1

  • Janet Breneman

    TRUSTEE (UNTIL 11/23)

    Total calculated
    $0
    Hours/week
    1

  • Larry J Zook

    PRESIDENT & CEO

    Total calculated
    $331,696
    From this org
    $0
    From related orgs
    $295,727
    Other
    $35,969
    Hours/week
    35 + 15 related

    Schedule J breakdown matched by us

    Base
    $0 + $295,727 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,191 related
    Nontaxable benefits
    $0 + $17,778 related
    Filer's total
    $0 + $331,696 related

  • Evon Bergey

    VP OF OPERATIONS/COO

    Total calculated
    $268,162
    From this org
    $0
    From related orgs
    $235,854
    Other
    $32,308
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $235,854 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,649 related
    Nontaxable benefits
    $0 + $17,659 related
    Filer's total
    $0 + $268,162 related

  • Corey Hamilton

    VP OF FINANCE/CFO

    Total calculated
    $253,926
    From this org
    $0
    From related orgs
    $222,040
    Other
    $31,886
    Hours/week
    35 + 15 related

    Schedule J breakdown matched by us

    Base
    $0 + $222,040 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,747 related
    Nontaxable benefits
    $0 + $18,139 related
    Filer's total
    $0 + $253,926 related

  • Heather Kessler

    VP OF HEALTH & CAMPUS SERVICES

    Total calculated
    $159,142
    From this org
    $143,860
    From related orgs
    $0
    Other
    $15,282
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $143,860
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,282
    Filer's total
    $159,142

  • April Myers

    DIRECTOR OF NURSING

    Total calculated
    $154,549
    From this org
    $131,069
    From related orgs
    $0
    Other
    $23,480
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,069
    Bonus
    $0
    Other
    $0
    Deferred
    $7,991
    Nontaxable benefits
    $15,489
    Filer's total
    $154,549

  • Julie A Lipisko

    DIRECTOR OF NURSING

    Total calculated
    $126,981
    From this org
    $111,569
    From related orgs
    $0
    Other
    $15,412
    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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
OFFICERS AND KEY EMPLOYEES ARE PAID BY A RELATED ORGANIZATION. COMPENSATION IS DETERMINED BY A COMPENSATION COMMITTEE, COMPENSATION SURVEYS OR STUDIES, FORM 990 OF OTHER ORGANIZATIONS, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MOUNTAIN VIEW TERRACE LP

    MGT OF LOW-INCOME HOUSING COMMUNITY · PA

Related corporations and trusts

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

  • QUALITY LIVING CHOICES

    C · SENIOR HOUSING · PA

  • WELSH MOUNTAIN HOME INC

    C · MFT OF LOW-INCOME HOUSING COMMUNITY · PA

Provenance

Return type
form_990
Tax year
2023
Filed
31 January 2025
IRS schema version
2023v6.0
Source object
202500369349300405

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