Lavender Mountain Senior Living Inc
- Assets
- $141.2m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Berry, GA
- Founding
- 02/2016
- Data as of
- 06/2021
- EIN
- 81-0698227
Organization Overview
Lavender Mountain Senior Living Inc is located in Mount Berry, GA. The organization was established in 2016. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lavender Mountain Senior Living 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 06/2021, Lavender Mountain Senior Living Inc generated $5.2m in total revenue. All expenses for the organization totaled $18.3m during the year ending 06/2021. While expenses have increased by 64.2% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONTINUING CARE RETIREMENT COMMUNITY FOR ADULTS 55 YEARS-OLD AND ABOVE ON THE CAMPUS OF BERRY COLLEGE, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPIRES IS A LAKESIDE CONTINUING CARE COMMUNITY TO PROMOTE THE WELFARE OF INDIVIDUALS, AGES 55 AND OLDER, THROUGH THE PROVISION OF HOUSING AND RELATED SERVICES. THE FACILITIES ARE LOCATED ON THE CAMPUS OF BERRY COLLEGE, INC. THE FIRST PHASE OPENED UP IN THE SUMMER OF 2020, WITH THE REMAINING INITIAL PHASES OPENING UP IN THE FALL OF 2020. THERE ARE 144 INDEPENDENT LIVING APARTMENTS, 26 COTTAGES, 36 ASSISTED LIVING UNITS, 34 SKILLED NURSING BEDS AND 36 MEMORY CARE BEDS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Briggs CEO | OfficerTrustee | 10 | $0 |
Brian Erb Treasurer | OfficerTrustee | 10 | $0 |
Brad Reeder Secretary | Officer | 10 | $0 |
Cecil B Wright Board Member | Trustee | 4 | $0 |
Susan Anderson Chair Of The Board | Trustee | 6 | $0 |
Dr Daryl Lowry Board Member | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paychex Oasis Peo | 6/29/21 | $3,470,990 |
Levlane Advertising | 6/29/21 | $702,793 |
Brasfield & Gorrie Llc Construction | 6/29/21 | $11,655,759 |
Garner & Glover Insurance Broker | 6/29/21 | $312,956 |
Greenbrier Development Llc Development Consulting | 6/29/21 | $2,132,526 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $5,122,964 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $53,825 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,176,789 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,012,877 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,373 |
| Fees for services: Accounting | $46,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,135 |
| Advertising and promotion | $1,467,487 |
| Office expenses | $336,836 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,814,768 |
| Travel | $18,482 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,340 |
| Interest | $6,390,213 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,379,067 |
| Insurance | $325,353 |
| All other expenses | $343,371 |
| Total functional expenses | $18,324,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,829,156 |
| Savings and temporary cash investments | $7,778,786 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $199,419 |
| 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 | $111,354 |
| Net Land, buildings, and equipment | $101,743,310 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,533,306 |
| Total assets | $141,195,331 |
| Accounts payable and accrued expenses | $454,076 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $92,035,531 |
| Escrow or custodial account liability | $25,018,146 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $6,500,000 |
| Other liabilities | $38,525,067 |
| Total liabilities | $162,532,820 |
| Net assets without donor restrictions | -$21,337,489 |
| 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 | $141,195,331 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St James Residence Of The Palm Beaches Inc West Palm Beach, FL | $94,288 | $38,104,096 |
Arbor Acres United Methodist Retirement Community Inc Winstonsalem, NC | $155,220,604 | $40,394,713 |
Chapel Hill Residential Retirement Center Inc Chapel Hill, NC | $120,640,930 | $31,949,437 |
Carolina Village Inc Hendersonville, NC | $124,169,436 | $34,185,742 |
Orlando Lutheran Towers Inc Orlando, FL | $80,032,894 | $34,936,633 |
Galloway Ridge Inc Pittsboro, NC | $130,866,786 | $36,150,184 |
Bonita Springs Retirement Village Inc Gainesville, FL | $109,847,615 | $18,938,390 |
Federation Gulfstream Housing Inc Boca Raton, FL | $0 | $28,667,255 |
Redstone Military Retirement Residence Association Huntsville, AL | $75,839,783 | $19,548,176 |
Concordia Of Florida Inc Tampa, FL | $31,059,059 | $25,497,159 |
St Andrews Residence Of The Diocese Of Southeast Florida Inc West Palm Beach, FL | $295,539 | $24,065,641 |
Cypress Of Charlotte Club Inc Charlotte, NC | $4,602,507 | $19,033,502 |