Providence Senior Living Inc

Organization Overview

Providence Senior Living Inc, operating under the name Legacy Village Of Cleveland, is located in Cleveland, TN. The organization was established in 2017. 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. As of 12/2021, Legacy Village Of Cleveland employed 146 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Village Of Cleveland 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, Legacy Village Of Cleveland generated $4.5m in total revenue. All expenses for the organization totaled $4.5m during the year ending 12/2021. While expenses have increased by 37.4% per year over the past 4 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

TO SERVE THE GREATEST GENERATION WITH HONOR, RESPECT, FAITH AND INTEGRITY BY PROVIDING ASSISTED LIVING AND ALZHEIMER'S CARE SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IT IS OUR MISSION TO SERVE THE GREATEST GENERATION AND TO MAKE A GREAT IMPACT ADDRESSING A GREAT NEED. LEGACY VILLAGE OF CLEVELAND HAD ANOTHER SOLID YEAR IN 2021, DESPITE THE ONGOING CHALLENGES OF THE COVID-19 PANDEMIC. SENIORS CONTINUED TO TRUST LEGACY VILLAGE OF CLEVELAND AS OCCUPANCY CONTINUED ABOVE 96% IN 2021. AS A RESULT OF THE STRONG LEADERSHIP AND COMMITMENT TO EXCELLENCE, LEGACY CLEVELAND CONTINUES TO BE THE FACILITY OF CHOICE IN OUR COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Bryan A Cook
Secretary & Treasurer
$0
Barry A Ray
President
$0
Kelvin Page
Director
$0
Dr John Looper
Director
$0
Dennis W Watkins
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bradley Retirement Investors Llc
Rent
$1,206,000
Legacy Senior Living Llc
Management Services
$218,812
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $75,234
All other contributions, gifts, grants, and similar amounts not included above$151,550
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$226,784
Total Program Service Revenue$4,277,050
Investment income $482
Tax Exempt Bond Proceeds $0
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 $4,504,316

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