Leisure Homestead Association
- Assets
- $3.6m
- Revenue
- $3.2m
- Investments
- $273.4k
- Employees
- 57
- Location
- Stafford, KS
- Founding
- 02/1974
- Data as of
- 12/2023
- EIN
- 48-0798707
Organization Overview
Leisure Homestead Association is located in Stafford, KS. The organization was established in 1974. According to its NTEE Classification (E90) the organization is classified as: Nursing, under the broad grouping of Health Care and related organizations. As of 12/2023, Leisure Homestead Association employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leisure Homestead Association 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 12/2023, Leisure Homestead Association generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 9 years. 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
NURSING CARE FOR THE ELDERLY THE ORGANIZATION OWNS AND OPERATES TWO INTERMEDIATE CARE NURSING FACILITIES FOR THE ELDERLY AND DISABLED. INDEPENDENT LIVING UNITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF TWO INTERMEDIATE CARE NURSING FACILITIES FOR THE ELDERLY WITH INDEPENDENT LIVING COTTAGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anita Meschberger Vice-Chairman | OfficerTrustee | 1 | $0 |
Jean Fanshier Secretary | OfficerTrustee | 1 | $0 |
Todd Alpers Chairman | OfficerTrustee | 1 | $0 |
Don Hildebrand Treasurer | OfficerTrustee | 1 | $0 |
Tami Brensing Member At Large | Trustee | 1 | $0 |
Jennifer Gillespie Chief Financial Officer | Officer | 40 | $92,249 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,589 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,482 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $160,071 |
| Total Program Service Revenue | $3,097,984 |
| Investment income | $35,027 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$46,998 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,246,084 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $195,517 |
| Compensation of current officers, directors, key employees. | $195,517 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,511,430 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $217,064 |
| Payroll taxes | $137,108 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,702 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,515 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $136,171 |
| Insurance | $122,295 |
| All other expenses | $291,526 |
| Total functional expenses | $3,201,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,239,653 |
| Savings and temporary cash investments | $723,103 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $325,321 |
| 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 | $47,563 |
| Net Land, buildings, and equipment | $972,560 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $273,438 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,581,638 |
| Accounts payable and accrued expenses | $341,286 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $17,795 |
| Total liabilities | $359,081 |
| Net assets without donor restrictions | $3,198,365 |
| Net assets with donor restrictions | $24,192 |
| 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 | $3,581,638 |