Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $613,929

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $25,402,372 · related or exempt $25,402,372

• 2f · All other program service revenue

  total $1,401,613 · related or exempt $1,401,613 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $415,081 · excluded $415,081

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $4,675,441

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

  securities $4,339,987

• 7c · Gain or loss

  securities $335,454 · other assets $0

• 7d · Net gain or loss

  total $335,454 · excluded $335,454

• 11d · All other revenue

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

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 7 · Other salaries and wages

  total $10,624,546 · program services $9,294,343 · management and general $1,330,203

• 8 · Pension plan contributions

  total $160,539 · program services $140,439 · management and general $20,100

• 9 · Other employee benefits

  total $943,143 · program services $825,061 · management and general $118,082

• 10 · Payroll taxes

  total $786,594 · program services $688,112 · management and general $98,482

• 11a · Fees: management

  total $1,283,452 · management and general $1,283,452

• 11b · Fees: legal

  total $66,325 · management and general $66,325

• 11c · Fees: accounting

  total $73,662 · management and general $73,662

• 11f · Fees: investment management

  total $32,328 · management and general $32,328

• 11g · Fees: other

  total $4,303,708 · program services $3,764,880 · management and general $538,828 · fundraising $0

• 12 · Advertising and promotion

  total $198,851 · program services $173,955 · management and general $24,896

• 13 · Office expenses

  total $420,628 · program services $367,965 · management and general $52,663

• 14 · Information technology

  total $207,841 · program services $181,819 · management and general $26,022

• 16 · Occupancy

  total $2,265,196 · program services $1,981,591 · management and general $283,605

• 17 · Travel

  total $26,068 · program services $22,804 · management and general $3,264

• 19 · Conferences, conventions and meetings

  total $114,448 · program services $100,119 · management and general $14,329

• 20 · Interest

  total $1,784,416 · program services $1,561,005 · management and general $223,411

• 22 · Depreciation, depletion and amortization

  total $2,939,906 · program services $2,571,827 · management and general $368,079

• 23 · Insurance

  total $728,523 · program services $637,311 · management and general $91,212

• 24a · Other expenses: FOOD

  total $1,439,943 · program services $1,259,661 · management and general $180,282

• 24b · Other expenses: REPAIRS & MAINTENANCE

  total $790,753 · program services $691,750 · management and general $99,003

• 24c · Other expenses: MEDICAL SUPPLIES

  total $483,861 · program services $423,281 · management and general $60,580

• 24d · Other expenses: BAD DEBT EXPENSE

  total $128,344 · program services $128,344

• 24e · All other expenses

  total $177,399 · program services $155,188 · management and general $22,211 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,452,183 · end of year $1,496,180

• 2 · Savings and temporary cash investments

  beginning of year $5,745,860 · end of year $4,840,536

• 4 · Accounts receivable

  beginning of year $1,260,215 · end of year $1,084,502

• 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 $2,808 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $235,722 · end of year $457,235

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

  $94,044,176

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

  $41,104,336

• 10c · Land, buildings and equipment, net

  beginning of year $52,277,148 · end of year $52,939,840

• 11 · Investments: publicly traded securities

  beginning of year $13,638,219 · end of year $10,568,734

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $1,549,791 · end of year $871,508

• 17 · Accounts payable and accrued expenses

  beginning of year $1,748,958 · end of year $938,430

• 20 · Tax-exempt bond liabilities

  beginning of year $43,472,926 · end of year $42,580,823

• 21 · Escrow or custodial account liability

  beginning of year $123,270 · end of year $44,500

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $59,252,510 · end of year $58,577,347

• 27 · Net assets without donor restrictions

  beginning of year -$28,435,718 · end of year -$29,882,565

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION

LEGACY SENIOR COMMUNITIES, INC. DETERMINES THE COMPENSATION OF ALL ITS RELATED ORGANIZATIONS EMPLOYEES. COMPENSATION IS DETERMINED BY COMPENSATION SURVEY OR STUDY; APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE; & WRITTEN EMPLOYMENT CONTRACT.

SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN

THE 457(F) IS A DEFERRED COMPENSATION PLAN THAT ALLOWS LEGACY TO CONTRIBUTE MONEY INTO INVESTMENTS THAT PROVIDE KEY EXECUTIVES WITH A RETIREMENT BENEFIT. MELISSA ORTH PARTICIPATES IN THE 457(F) PLAN AND $54,000 WAS DEFERRED FOR CALENDAR YEAR 2024.