Leadingage Virginia
- Assets
- $906.4k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Glen Allen, VA
- Founding
- 09/1975
- Data as of
- 06/2023
- EIN
- 51-0152918
Organization Overview
Leadingage Virginia is located in Glen Allen, VA. The organization was established in 1975. As of 06/2023, Leadingage Virginia employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadingage Virginia is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, Leadingage Virginia generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. While expenses have increased by 13.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LEADINGAGE VIRGINIA WAS FOUNDED IN 1973 BY NURSING HOME ADMINISTRATORS WHO BELIEVED THAT NONPROFIT HOMES WERE UNIQUE IN THEIR NEEDS AND RESOURCES AND REQUIRED THEIR OWN ORGANIZATION. LEADINGAGE VIRGINIA IS AN ASSOCIATION OF NOT-FOR-PROFIT AGING SERVICES ORGANIZATIONS SERVING RESIDENTS AND CLIENTS THROUGH LIFE PLAN/CONTINUING CARE RETIREMENT COMMUNITIES, SENIOR HOUSING, ASSISTED LIVING, NURSING HOMES, ADULT DAY CENTERS AND HOME AND COMMUNITY BASED SERVICES. WE ARE NOT-FOR-PROFIT ORGANIZATIONS WORKING TOGETHER TO EXPAND THE WORLD OF POSSIBILITIES FOR AGING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADINGAGE VIRGINIA IS A STATEWIDE ORGANIZATION OF RETIREMENT HOUSING COMMUNITIES, ASSISTED LIVING COMMUNITIES, NURSING HOMES, CONTINUING CARE RETIREMENT COMMUNITIES AND/OR LIFE PLAN COMMUNITIES, AND ADULT DAY SERVICES PROVIDERS AS WELL AS OTHER ORGANIZATIONS SERVING VIRGINIA'S SENIOR RESIDENTS. LEADINGAGE VIRGINIA IS A 501 (C)(6) ORGANIZATION FOCUSED ON EDUCATION, ADVOCACY, AND POSITIVE AGING FOR EACH VIRGINIAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Andrews President/ce | Officer | 40 | $249,672 |
Dana Parsons Vice Preside | Officer | 40 | $136,304 |
David Abraham Director | OfficerTrustee | 0.75 | $0 |
Glen Berkel Director | OfficerTrustee | 0.75 | $0 |
John Burns Treasurer | OfficerTrustee | 0.75 | $0 |
Carrie Davis Director | OfficerTrustee | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $729,190 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,652 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $733,842 |
| Total Program Service Revenue | $629,017 |
| Investment income | $16,851 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $7,421 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,216 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,516,296 |
| 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. | $245,337 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $295,632 |
| Pension plan accruals and contributions | $27,778 |
| Other employee benefits | $42,864 |
| Payroll taxes | $39,475 |
| Fees for services: Management | $115,839 |
| Fees for services: Legal | $30,698 |
| Fees for services: Accounting | $32,336 |
| Fees for services: Lobbying | $48,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,045 |
| Fees for services: Other | $1,575 |
| Advertising and promotion | $3,425 |
| Office expenses | $21,325 |
| Information technology | $18,878 |
| Royalties | $0 |
| Occupancy | $48,159 |
| Travel | $30,903 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $199,837 |
| Interest | $4,060 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,491 |
| Insurance | $3,943 |
| All other expenses | $0 |
| Total functional expenses | $1,535,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,409 |
| Savings and temporary cash investments | $97,388 |
| Pledges and grants receivable | $127,853 |
| Accounts receivable, net | $4,717 |
| 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 | $32,942 |
| Net Land, buildings, and equipment | $6,463 |
| Investments—publicly traded securities | $439,277 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,341 |
| Total assets | $906,390 |
| Accounts payable and accrued expenses | $102,514 |
| Grants payable | $0 |
| Deferred revenue | $60,330 |
| 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 | $143,279 |
| Other liabilities | $69,313 |
| Total liabilities | $375,436 |
| Net assets without donor restrictions | $530,954 |
| 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 | $906,390 |