Lakeview Village Inc is located in Lenexa, KS. The organization was established in 1975. 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 12/2021, Lakeview Village Inc employed 740 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeview Village Inc 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, Lakeview Village Inc generated $49.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $46.5m during the year ending 12/2020. While expenses have increased by 2.7% 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
TO STRENGTHEN THE LIVES OF OLDER ADULTS WITHIN A FAITH-BASED COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKEVIEW VILLAGE, INC. IS A CONTINUING CARE RETIREMENT COMMUNITY WHICH HAS 533 INDEPENDENT LIVING UNITS, 120 BED LONG TERM CARE SNF HEALTH CENTER, 38 BED SHORT TERM REHAB SNF, AND 26 BED ASSISTED LIVING. ASIDE FROM THE LIVING AND CARE FACILITIES, THE CCRC PROVIDES ACTIVITIES TO ASSIST IN MAINTAINING THE RESIDENTS' SPIRTUAL AND MENTAL WELL-BEING. LAKEVIEW'S 120-BED HEALTH CENTER AND 38-BED SHORT-TERM REHAB SNF ARE MEDICARE AND MEDICAID CERTIFIED AND TAKE ADMISSIONS FROM BOTH INSIDE AND OUTSIDE OF THE LAKEVIEW COMMUNITY.THE ORGANIZATION PROVIDES CARE AND SERVICES TO RESIDENTS WHO CAN NO LONGER AFFORD THE FULL COST OF THEIR CARE THROUGH NO FAULT OF THEIR OWN. THIS MAY BE DUE TO LOSS OF A SPOUSE'S PENSION, EXTRAORDINARY MEDICAL COSTS, OR OTHER CIRCUMSTANCES. WHEN ASSISTANCE IS REQUESTED, A CONFIDENTIAL REVIEW OF THE RESIDENT'S ASSETS AND INCOME ARE COMPARED TO THEIR MONTHLY EXPENSES (INCLUDING LAKEVIEW FEES AND PERSONAL EXPENSES) AND THE AMOUNT OF ASSISTANCE IS DETERMINED BY MANAGEMENT. BECAUSE THE ORGANIZATION DOES NOT PURSUE COLLECTION OF AMOUNTS DETERMINED TO QUALIFY FOR FINANCIAL ASSISTANCE, THEY ARE NOT REPORTED AS REVENUE.
THE CHARITY CARE LAKEVIEW PROVIDES ENABLES RESIDENTS TO REMAIN ON CAMPUS AND RECEIVE SERVICES THAT WOULD OTHERWISE BE PROVIDED BY THE GREATER COMMUNITY. IN THIS WAY, LAKEVIEW PARTNERS WITH THE COMMUNITY TO ASSURE RESIDENTS' NEEDS ARE MET WITHOUT BURDENING THE WIDER COMMUNITY WITH ADDITIONAL COSTS FOR THOSE SERVICES. ADDITIONALLY, RESIDENTS AND EMPLOYEES PROVIDE COMMUNITY BENEFIT THROUGH VOLUNTEERISM AND SUPPORT OF NUMEROUS COMMUNITY ACTIVITIES. THE ORGANIZATION HAS ESTIMATED ITS DIRECT AND INDIRECT COSTS OF PROVIDING CHARITY CARE UNDER ITS FINANCIAL ASSISTANCE POLICY. IN ORDER TO ESTIMATE THE COST OR PROVIDING SUCH CARE, MANAGEMENT HAS USED ACTUAL COSTS AND OPERATIONAL PROJECTIONS. USING THIS METHODOLOGY, THE ORGANIZATION HAS ESTIMATED THE COSTS FOREGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER THE ORGANIZATION'S FINANCIAL ASSISTANCE POLICY AGGREGATED APPROXIMATELY $190,000 AND $248,000 FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020, RESPECTIVELY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert I Clausen Jr President/ceo | OfficerTrustee | 55 | $279,221 |
Joyce Lelei Registered Nurse | 63 | $238,265 | |
Pam Hermon COO | Officer | 55 | $187,191 |
Heath Leuck CFO | Officer | 50 | $186,160 |
Marta Eastwood Registered Nurse | 47 | $164,055 | |
Lynn Tenbrink Director Of Marketing & Sales | 40 | $147,786 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Don Julian Builders Inc General Contractor | 12/30/21 | $1,092,460 |
Haren Companies Remodeling Contractor | 12/30/21 | $275,226 |
Us Engineering Co Building Mechanical Contractor | 12/30/21 | $270,011 |
Linear Remodeling Flooring Contractor | 12/30/21 | $242,336 |
Finish Masters Remodeling Contractor | 12/30/21 | $245,043 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,336,983 |
All other contributions, gifts, grants, and similar amounts not included above | $5,691 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,342,674 |
Total Program Service Revenue | $44,976,260 |
Investment income | $821,451 |
Tax Exempt Bond Proceeds | $89,297 |
Royalties | $0 |
Net Rental Income | $29,664 |
Net Gain/Loss on Asset Sales | $606,239 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $49,070,478 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $3,350 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,703,252 |
Compensation of current officers, directors, key employees. | $1,703,252 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $20,911,125 |
Pension plan accruals and contributions | $427,191 |
Other employee benefits | $2,668,898 |
Payroll taxes | $1,713,064 |
Fees for services: Management | $0 |
Fees for services: Legal | $43,417 |
Fees for services: Accounting | $74,525 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $92,936 |
Fees for services: Other | $795,241 |
Advertising and promotion | $416,556 |
Office expenses | $1,964,080 |
Information technology | $261,077 |
Royalties | $0 |
Occupancy | $2,423,894 |
Travel | $131,290 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $34,761 |
Interest | $3,053,451 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,093,230 |
Insurance | $483,759 |
All other expenses | $487,861 |
Total functional expenses | $46,549,406 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $290,690 |
Savings and temporary cash investments | $1,164,374 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,904,991 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $139,965 |
Prepaid expenses and deferred charges | $746,110 |
Net Land, buildings, and equipment | $91,222,256 |
Investments—publicly traded securities | $42,187,788 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $51,889 |
Total assets | $137,708,063 |
Accounts payable and accrued expenses | $3,701,026 |
Grants payable | $0 |
Deferred revenue | $42,306,267 |
Tax-exempt bond liabilities | $67,297,898 |
Escrow or custodial account liability | $11,425 |
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 | $13,001,313 |
Total liabilities | $126,317,929 |
Net assets without donor restrictions | $11,390,134 |
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 | $137,708,063 |
Over the last fiscal year, we have identified 1 grants that Lakeview Village Inc has recieved totaling $5,000.
Awarding Organization | Amount |
---|---|
The George H Nettleton Home Inc Prairie Village, KS PURPOSE: ELDERLY AND FRAIL SERVICES | $5,000 |
Organization Name | Assets | Revenue |
---|---|---|
Presbyterian Manors Inc Wichita, KS | $184,544,453 | $111,573,289 |
Wind Crest Inc Highlands Ranch, CO | $994,750,892 | $101,821,214 |
John Knox Village Lees Summit, MO | $177,748,432 | $73,269,206 |
Friendship Village Of South County St Louis, MO | $305,494,367 | $44,131,100 |
Bethesda Foundation Colorado Springs, CO | $104,909,820 | $43,407,177 |
Lakeview Village Inc Lenexa, KS | $137,708,063 | $49,070,478 |
Frasier Meadows Manor Inc Boulder, CO | $252,296,856 | $40,732,560 |
Friendship Village Of West County Chesterfield, MO | $195,171,509 | $29,494,334 |
Bslc Ii Colorado Springs, CO | $101,154,124 | $30,600,534 |
Larksfield Place Retirement Communities Inc Wichita, KS | $52,859,205 | $27,697,106 |
Central Oklahoma United Methodist Retirement Facility Inc Oklahoma City, OK | $92,530,594 | $26,932,223 |
Ascension Living Alexian Village Tennesee St Louis, MO | $81,127,396 | $25,054,380 |