Lakeshore Estate Inc

Organization Overview

Lakeshore Estate Inc is located in Nashville, TN. The organization was established in 1955. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeshore Estate 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 12/2021, Lakeshore Estate Inc generated $18.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $19.8m during the year ending 12/2021. While expenses have increased by 3.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

LAKESHORE ESTATES IS A CHRISTIAN BASED COMPANY DEDICATED TO AFFORDABLE CARE OF SENIORS IN DAVIDSON COUNTY,TN. THE ORGANIZATION PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS WITH LIMITED RESOURCES AS WELL AS RESIDENTIAL, INTERMEDIATE & SKILLED NURSING CARE INCLUDING MEDICARE AND MADICAID. THE ORGANIZATION'S MISSION IS TO PROVIDE REASONABLY PRICED RETIREMENT AND HEALTH CARE SERVICES, TO PROMOTE LIVING WITH DIGNITY IN A SECURE CHRISTIAN ENVIRONMENT WITH DAILY EFFORTS TO ENHANCE EACH RESIDENT'S SPIRITUAL, MENTAL AND PHYSICAL LIFE. THE ORGANIZATION WILL ASSIST, WHERE POSSIBLE, IN SECURING FINANCIAL ASSISTANCE FOR THOSE RESIDENTS WITH INADEQUATE RESOURCES TO PROVIDE FOR THEIR CARE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE REASONABLY PRICED RETIREMENT LIVING AND NURSING HOME CARE TO RESDIENTS AND WHERE POSSIBLE, SECURE FINANCIAL ASSISTANCE FOR THOSE RESIDENTS WITH LIMITED RESOURCES TWO CAMPUSES ARE MAINTAINED WITH COMBINED LICENSES FOR 42 RESIDENTIAL HOME BEDS (21 ROOMS) AND 179 NURSING BEDS ROOMS CONFIGURED BED CAPACTITES ARE 21 RESIDENTIAL AND 160 NURSING DUE TO INCREASING DEMAND FOR PRIVATE ROOMS. THE ORGANIZATION ALSO MAINTAINS SINGLE-FAMILY AND/OR DUPLEX HOMES FOR INDEPENDENT LIVING RESIDENTS AT BOTH LOCATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Emily Acuff
Vice-Chairman
$0
Barbara Outhier
Secretary
$0
John Robinson
Treasurer
$0
Mike Purkey Dec'd 621
Chairman
$0
Patricia Gammel
Director
$0
Roy Tom Purkey Jr
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Frank Tyreefrank Tyree & Associates
Construction
$1,217,238
Edward Applebyappleby's Painting
Paint/repairs
$191,125
Head Brothers
Landscaping
$127,675
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,368,609
All other contributions, gifts, grants, and similar amounts not included above$1,412
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,370,021
Total Program Service Revenue$16,524,424
Investment income $21,079
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $73,217
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $18,022,154

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Lakeshore Estate Inc has recieved totaling $30,000.

Awarding OrganizationAmount
Washington Foundation

Nashville, TN

PURPOSE: UNRESTRICTED GIFT

$15,000
Ezell Foundation Inc

Nashville, TN

PURPOSE: GENERAL

$15,000
View Grant Recipient Profile

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