Landis Homes Retirement Community
- Assets
- $179.5m
- Revenue
- $53.1m
- Investments
- $977.7k
- Employees
- 661
- Location
- Lititz, PA
- Founding
- 03/1982
- Data as of
- 06/2023
- EIN
- 23-2194364
Organization Overview
Landis Homes Retirement Community is located in Lititz, PA. The organization was established in 1982. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2023, Landis Homes Retirement Community employed 661 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Landis Homes Retirement Community 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 06/2023, Landis Homes Retirement Community generated $53.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $51.0m during the year ending 06/2023. While expenses have increased by 3.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CONTINUING CARE RETIREMENT COMMUNITY PROVIDING HOUSING, HEALTH CARE AND OTHER RELATED SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 900 PERSONS LIVING IN HYBRID HOMES, COTTAGES, APARTMENTS, SUITES, PERSONAL CARE, HEALTHCARE, AND HERITAGE SPECIAL CARE (PERSONS WITH MEMORY LOSS). AVERAGE OCCUPANCY FOR FISCAL 2023 WAS AS FOLLOWS FOR THE YEAR: RESIDENTIAL LIVING - 97%, PERSONAL CARE - 90%, AND SKILLED NURSING - 95%. LANDIS HOMES PROVIDES CHARITY CARE TO RESIDENTS WHO MEET CERTAIN CRITERIA WITHOUT CHARGE OR AT AMOUNTS LESS THAN ESTABLISHED RATES. IN 2023 CHARITY CARE, WHICH REPRESENTS THE DIFFERENCE BETWEEN THE ESTIMATED COST OF PROVIDING CARE AND THE PAYMENTS RECEIVED FOR SERVICES RENDERED, TOTALED $3,798,402. 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 23,710 HOURS IN FISCAL 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glen Moffett Chair | OfficerTrustee | 1 | $0 |
Rachel Hess Vice Chair | OfficerTrustee | 1 | $0 |
Lisa Clark Secretary | OfficerTrustee | 1 | $0 |
Kristin Nebel Secretary (until 8/29/22) | OfficerTrustee | 1 | $0 |
Kenneth Moore Treasurer | OfficerTrustee | 1 | $0 |
Janet Breneman Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Unidine Corporation Dining Services | 6/29/23 | $2,362,368 |
Covenant Alliance Rehab East Therapy Services | 6/29/23 | $959,108 |
Trago Mechanical Equipment Repairs | 6/29/23 | $473,792 |
Clark Food Service Equipment Equipment/renovations | 6/29/23 | $829,619 |
Moyer C Building And Remodeling Inc Renovations | 6/29/23 | $762,368 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $191,474 |
| Related organizations | $0 |
| Government grants | $434,455 |
| All other contributions, gifts, grants, and similar amounts not included above | $522,334 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,148,263 |
| Total Program Service Revenue | $45,218,525 |
| Investment income | $1,393,592 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,761 |
| Net Gain/Loss on Asset Sales | $2,381,481 |
| Net Income from Fundraising Events | $1,037 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$156 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,070,221 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,500 |
| Grants and other assistance to domestic individuals. | $8,414 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,982,538 |
| Pension plan accruals and contributions | $528,888 |
| Other employee benefits | $3,950,161 |
| Payroll taxes | $1,678,208 |
| Fees for services: Management | $5,719,483 |
| Fees for services: Legal | $20,131 |
| Fees for services: Accounting | $14,629 |
| Fees for services: Lobbying | $1,500 |
| Fees for services: Fundraising | $151 |
| Fees for services: Investment Management | $105,954 |
| Fees for services: Other | $1,773,183 |
| Advertising and promotion | $41,984 |
| Office expenses | $1,138,805 |
| Information technology | $256,470 |
| Royalties | $0 |
| Occupancy | $2,530,613 |
| Travel | $86,549 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,522 |
| Interest | $4,206,269 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,261,703 |
| Insurance | $496,848 |
| All other expenses | $415,302 |
| Total functional expenses | $50,977,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,085 |
| Savings and temporary cash investments | $9,341,948 |
| Pledges and grants receivable | $1,000 |
| Accounts receivable, net | $2,963,416 |
| 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 | $355,205 |
| Net Land, buildings, and equipment | $107,404,845 |
| Investments—publicly traded securities | $57,014,278 |
| Investments—other securities | $977,685 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,452,961 |
| Total assets | $179,513,423 |
| Accounts payable and accrued expenses | $10,401,943 |
| Grants payable | $0 |
| Deferred revenue | $41,001,047 |
| Tax-exempt bond liabilities | $99,282,553 |
| 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 | $0 |
| Other liabilities | $1,815,839 |
| Total liabilities | $152,501,382 |
| Net assets without donor restrictions | $24,712,867 |
| Net assets with donor restrictions | $2,299,174 |
| 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 | $179,513,423 |
Grants Awarded
Over the last fiscal year, Landis Homes Retirement Community has awarded $16,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LANCASTER MENNONITE HISTORICAL SOCIETY PURPOSE: GENERAL SUPPORT | $6,250 |
NEFFSVILLE COMMUNITY FIRE COMPANY PURPOSE: SUPPORT LOCAL VOLUNTEER FIRE COMPANY | $10,000 |