Life Enriching Communities
- Assets
- $39.9m
- Revenue
- $8.3m
- Investments
- $39.9k
- Employees
- 1,010
- Location
- Loveland, OH
- Founding
- 04/2003
- Data as of
- 12/2020
- EIN
- 04-3660613
Organization Overview
Life Enriching Communities is located in Loveland, OH. The organization was established in 2003. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Life Enriching Communities employed 1,010 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Enriching Communities is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Life Enriching Communities generated $8.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $9.0m during the year ending 12/2020. While expenses have increased by 7.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
LIFE ENRICHING COMMUNITIES SUPPORTS THE ACTIVITIES OF RELATED 501(C)(3) ORGANIZATIONS BY PROVIDING GUIDANCE, STRATEGIC PLANNING, MANAGEMENT SERVICES AND CORPORATE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORTING SERVICES TO RELATED ORGANIZATIONS.
CONFIDENT LIVING IS A CONTINUING CARE AT HOME PROGRAM DESIGNED TO (I) OFFER AND DELIVER VARIOUS CARE COORDINATION PROGRAMS TO OLDER ADULTS IN THEIR HOMES WITH THE OBJECTIVE OF ENABLING OLDER ADULTS TO MAINTAIN THEIR OWN LIVING ARRANGEMENTS IN THEIR HOMES FOR AS LONG AS IS SAFE AND PRACTICAL; (II) TO OFFER AND DELIVER CARE COORDINATION THROUGH MEMBERSHIP PROGRAMS THAT INCLUDE A RANGE OF SERVICES THAT ARE TYPICALLY PROVIDED TO OLDER ADULTS WHO ARE RESIDENTS OF A CONTINUING CARE RETIREMENT FACILITY (E.G., ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, HOUSEKEEPING) FOR THEIR CONVENIENCE IN THE HOME SETTING; (III) TO EXTEND THE BENEFITS UNDER THE MEMBERSHIP PROGRAMS TO OLDER ADULTS WHO FIND THAT THEY NEED TO BECOME RESIDENTS OF A CONTINUING CARE FACILITY IN ACCORDANCE WITH THE TERMS OF THEIR SELECTED PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Mcquinn Ceo/president | OfficerTrustee | 28.2 | $738,233 |
James L Bowersox Cfo/secretary/treasurer | OfficerTrustee | 32.4 | $517,959 |
Timothy Grimes Executive Director | 40 | $245,021 | |
Ken Mcdonald Director Of Finance | 40 | $166,491 | |
Mark Mountel Director It & Procurement | 40 | $146,943 | |
Rose Marie Luking Dir. Of Fiancial Planning & Analysis | 34.8 | $141,170 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Omnia 360 Facility Solutions Llc Maintenance & Environmental Services | 12/30/21 | $7,247,570 |
Morrison Community Living Dining Services | 12/30/21 | $3,555,494 |
Aventus Development Group Construction Services | 12/30/21 | $1,939,382 |
American Medical Personnel Inc Temp Nursing Staff | 12/30/21 | $1,799,446 |
Snapmedtech Inc Temp Nursing Staff | 12/30/21 | $1,411,028 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,195,339 |
| Investment income | $278,214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $183,925 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,319,910 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,995 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,126,453 |
| Compensation of current officers, directors, key employees. | $1,126,453 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,788,608 |
| Pension plan accruals and contributions | $139,129 |
| Other employee benefits | $148,915 |
| Payroll taxes | $202,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $280,677 |
| Fees for services: Accounting | $120,754 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,070 |
| Fees for services: Other | $686,534 |
| Advertising and promotion | $46,459 |
| Office expenses | $357,955 |
| Information technology | $1,011,891 |
| Royalties | $0 |
| Occupancy | $219,770 |
| Travel | $21,670 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,673 |
| Interest | $10,896 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,474 |
| Insurance | $758,095 |
| All other expenses | $28,771 |
| Total functional expenses | $8,974,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,281 |
| Savings and temporary cash investments | $491,038 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $227,228 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,068,118 |
| Net Land, buildings, and equipment | $685,528 |
| Investments—publicly traded securities | $32,261,831 |
| Investments—other securities | $39,892 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,111,740 |
| Total assets | $39,920,656 |
| Accounts payable and accrued expenses | $8,127,354 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $23,199,584 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $6,104,300 |
| Other liabilities | $4,410,556 |
| Total liabilities | $41,841,794 |
| Net assets without donor restrictions | -$1,921,138 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $39,920,656 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Life Enriching Communities has recieved totaling $17,850.
| Awarding Organization | Amount |
|---|---|
Cambridge Charitable Foundation Cincinnati, OH PURPOSE: GENERAL PROGRAMS AND OPERATING FUNDS | $12,450 |
Johnson Charitable Gift Fund Cincinnati, OH PURPOSE: GENERAL FUND | $5,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Moravian Village Of Bethlehem Bethlehem, PA | $74,343,954 | $19,911,429 |
Masonic Home Independent Living Ii Inc Masonic Home, KY | $142,516,912 | $16,410,935 |
Wesleyan Senior Care Inc Elyria, OH | $38,781,786 | $23,501,325 |
Sarah A Reed Home Erie, PA | $16,706,184 | $19,190,049 |
Saint Anne Home And Retirment Community Fort Wayne, IN | $21,467,824 | $25,970,139 |
Williamsport Home Williamsport, PA | $21,816,206 | $17,908,824 |
Vista Grande Villa Jackson, MI | $18,128,782 | $15,877,096 |
Prairie Landing Community Inc Indianapolis, IN | $109,459,923 | $13,961,062 |
Holy Family Senior Living Bethlehem, PA | $8,945,725 | $16,667,938 |
Hubbard Hill Estates Inc Elkhart, IN | $40,723,668 | $16,327,220 |
Mother Angeline Mccrory Manor Inc Columbus, OH | $23,036,099 | $15,389,300 |
Manor Care Of Tacoma Wa Association Toledo, OH | $1,605,997 | $12,220,932 |