Lexington Retirement Corporation
- Assets
- $1.2m
- Revenue
- $186.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Sand Springs, OK
- Founding
- 07/1995
- Data as of
- 12/2022
- EIN
- 73-1461328
Organization Overview
Lexington Retirement Corporation is located in Sand Springs, OK. The organization was established in 1995. 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. Lexington Retirement Corporation 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 12/2022, Lexington Retirement Corporation generated $186.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $96.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
SERVING THE AGING POPULATION BY PROVIDING RESIDENTIAL FACILITIES AND SERVICES TO ACCOMMODATE THEIR SPECIAL NEEDS OF HOUSING, HEALTH CARE, AND FINANCIAL SECURITY.
PROVIDING FINANCIAL SUPPORT TO ORGANIZATIONS SERVING VARIOUS HUMANITARIAN NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James D Meyer President | 8 | $0 | |
Michael G Meyer Trustee | 0 | $0 | |
Nick Huff Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $394 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $148,909 |
| Capital Gain Net Income | $148,909 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $37,123 |
| Total Revenue | $186,426 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $57 |
| Taxes | $354 |
| Depreciation | $759 |
| Occupancy | $275 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,945 |
| Contributions, gifts, grants paid | $93,239 |
| Total expenses and disbursements | $96,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $561,881 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $310,758 |
| Other assets | $312,671 |
| Total assets | $1,185,310 |
| Accounts payable and accrued expenses | $2,098 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,098 |