Larksfield Place Retirement Communities Inc
- Assets
- $52.6m
- Revenue
- $23.1m
- Investments
- $0.0
- Employees
- 373
- Location
- Witchita, KS
- Founding
- 10/1985
- Data as of
- 06/2022
- EIN
- 48-0987497
Organization Overview
Larksfield Place Retirement Communities Inc is located in Witchita, KS. The organization was established in 1985. 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 06/2022, Larksfield Place Retirement Communities Inc employed 373 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Larksfield Place Retirement Communities 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 06/2022, Larksfield Place Retirement Communities Inc generated $23.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $25.3m during the year ending 06/2022. While expenses have increased by 1.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE AND MAINTAIN RESIDENT FACILITIES FOR THE ELDERLY INCLUDING NON-ACUTE HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING RESIDENTIAL AND LONG-TERM CARE HEALTH SERVICES, WELLNESS SERVICES AND DISTINCTIVE LIFESTYLE THAT ENRICHES THE LIVES OF ELDERLY PERSONS IN WICHITA, KANSAS AND SURROUDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Dietz Chair | OfficerTrustee | 1 | $0 |
Jill Casado Vice Chair | OfficerTrustee | 1 | $0 |
Etaf Awar Director | Trustee | 1 | $0 |
Steve Dillard Director | Trustee | 1 | $0 |
Virdena Gilkey Director | Trustee | 1 | $0 |
Erik Hatten Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Summit Care Inc Therapy Services | 6/29/22 | $995,031 |
Select Rehabilitation Llc Therapy Services | 6/29/22 | $250,287 |
Mill Creek Carpet & Tile Construction | 6/29/22 | $224,844 |
Dean E Norris Construction | 6/29/22 | $221,043 |
Cascade Health Services Staffing Services | 6/29/22 | $170,373 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $136,676 |
| Government grants | $64,193 |
| 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 | $200,869 |
| Total Program Service Revenue | $22,639,088 |
| Investment income | $190,935 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$316,030 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$15,330 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,108,904 |
| 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. | $293,008 |
| Compensation of current officers, directors, key employees. | $293,008 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,084,489 |
| Pension plan accruals and contributions | $186,191 |
| Other employee benefits | $1,568,924 |
| Payroll taxes | $646,472 |
| Fees for services: Management | $175,000 |
| Fees for services: Legal | $35,101 |
| Fees for services: Accounting | $64,215 |
| Fees for services: Lobbying | $2,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,301,751 |
| Advertising and promotion | $144,337 |
| Office expenses | $520,998 |
| Information technology | $366,512 |
| Royalties | $0 |
| Occupancy | $1,023,803 |
| Travel | $21,667 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,508 |
| Interest | $1,097,456 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,643,933 |
| Insurance | $742,011 |
| All other expenses | $640,712 |
| Total functional expenses | $25,323,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,975 |
| Savings and temporary cash investments | $1,444,139 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,459,084 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $82,408 |
| Prepaid expenses and deferred charges | $380,668 |
| Net Land, buildings, and equipment | $39,615,301 |
| Investments—publicly traded securities | $6,654,675 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,894,368 |
| Total assets | $52,616,618 |
| Accounts payable and accrued expenses | $1,091,134 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $35,690,837 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $350,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $41,814,740 |
| Total liabilities | $78,946,711 |
| Net assets without donor restrictions | -$26,340,539 |
| Net assets with donor restrictions | $10,446 |
| 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 | $52,616,618 |