Overview
What is Living Services Foundation?
Living Services Foundation is a nonprofit organization situated in Minneapolis, Minnesota. It primarily focuses on owning, managing, and overseeing long-term care facilities for the elderly. This includes two wholly-owned subsidiaries: Living Services Foundation/Minneota, LLC, operating a skilled nursing facility and assisted living units in Minneota, Minnesota, and Living Services Foundation/Mora, LLC, managing a skilled nursing facility, assisted living units, and clinic space in Mora, Minnesota. Benedictine Living Community of Mora operates the facilities of the latter subsidiary and manages a separate assisted living building for a third party in Mora. The Foundation's mission extends beyond just care facilities, aiming to coordinate activities for health care, social services, education, and research, ensuring comprehensive support for the elderly community.
Official website here: www.lsfhealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 51% (One-Star out of Four Stars)
The Living Services Foundation has received a low rating of 51% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has major shortcomings, particularly in the areas of board independence and financial transparency, which have heavily impacted its overall score. The lack of an independent majority on the board raises questions about governance, while the missing financial statements further contribute to a perception of opacity in operations.
On a more positive note, the foundation has demonstrated some strengths in terms of policy adherence. It has established a conflict of interest policy, a whistleblower policy, and a document retention policy, all of which received full marks. Additionally, there is a commitment to maintaining records of board meeting minutes. However, these strengths do not compensate for the critical weaknesses in financial reporting and board structure.
Overall, the Living Services Foundation's performance suggests a need for improvement in governance and financial accountability. Stakeholders may want to consider these factors when evaluating the organization's effectiveness and reliability in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Living Services Foundation legitimate?
Living Services Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Living Services Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $405,454
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,043,701
For more financial information, click here
Official website here: www.lsfhealth.org
What is the mission statement of Living Services Foundation?
The Living Services Foundation is primarily established with the mission to manage and operate housing and long-term care facilities for the elderly. Beyond this, the foundation aims to support and coordinate activities related to healthcare, social services, education, and research. It has the flexibility to undertake any tasks deemed necessary, beneficial, or convenient to accomplish its main objectives.
Official website here: www.lsfhealth.org
Who is the CEO of Living Services Foundation?
Jennifer Gleason is the President/Ceo/Board Member of Living Services Foundation. The CEO's salary of Living Services Foundation is $98,145 and their total compensation is $98,145.
Official website here: www.lsfhealth.org
What is the revenue of Living Services Foundation?
Living Services Foundation's revenue in 2021 was $6,646,276.
Official website here: www.lsfhealth.org
Who are the executives of Living Services Foundation and what are their salaries?
The average compensation at Living Services Foundation during 2021 was $26,329. There are 131 employees at Living Services Foundation.
Here are 8 key members and their salaries (Living Services Foundation's CEO's salary is $98,145 and their total compensation is $98,145):
- Compensation: $98,145
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $174,434
- Related: $0
- Other: $0
- Compensation: $119,819
- Related: $0
- Other: $5,193
- Compensation: $104,251
- Related: $0
- Other: $1,528
- Compensation: $110,751
- Related: $0
- Other: $0
Official website here: www.lsfhealth.org
Where can I find the form 990 for Living Services Foundation?
Living Services Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.lsfhealth.org
Learn more at the official website: www.lsfhealth.org
Mission Statement of Living Services Foundation
Living Services Foundation is an organization dedicated to providing housing and long-term care facilities for the elderly. Its primary objective is to own, manage, and operate these facilities, offering a comprehensive range of services that extend beyond just healthcare. The foundation is also committed to coordinating activities with other facilities focusing on health care, social services, education, and research. By doing so, Living Services Foundation aims to ensure that elderly individuals receive holistic support, catering to their physical, emotional, and social needs. The mission of this nonprofit is to carry out any and all activities that are necessary, incidental, desirable, or expedient in achieving its objectives, ultimately contributing to the well-being of the elderly population.
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Impact
July, 2024
Living Services Foundation's impact is significant in providing housing and long-term care facilities for the elderly in Minneota and Mora, Minnesota. Through its subsidiaries, the organization owns a skilled nursing facility, assisted living units, and clinic spaces, ensuring that the elderly population receives essential care and support. By operating these facilities and coordinating health care, social services, education, and research activities, Living Services Foundation contributes to the well-being and quality of life of the elderly residents in these communities.
This information is meant to be a general summary of Living Services Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $514
- Program Service Revenue: $6,645,762
- Gross Receipts: $6,646,276
Assets and Liabilities:
- Total Assets: $11,713,734
- Total Liabilities: $15,388,452
- Net Assets: -$3,674,718
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Resident Service Reven
Revenue
$4,021,833
Management Fee Revenue
Revenue
$715,821
Lease Revenue
Revenue
$327,846
Organization Details
Founding Year
1999
Phone
(763) 231-0410Principal Officer
Jennifer Gleason
Main Address
3109 West 50th Street No 133, Minneapolis, MN, 55410
Website
www.lsfhealth.orgNTEE Category
Code: E20 - Health
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