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Lifespace Communities Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 421068850 ✦ West des moines, IA ✦ Designated as a 501(c)(3)

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Overview

What is Lifespace Communities Inc?

Lifespace Communities Inc, a West Des Moines, Iowa-based nonprofit organization, operates fifteen senior living communities across multiple states, including Florida, Texas, Illinois, Minnesota, Kansas, Pennsylvania, Wisconsin, and Nebraska. These communities offer both apartments and healthcare services for retired individuals. Upon moving in, residents pay an entrance fee and subsequent monthly fees, allowing them lifetime access to the community and the health center without acquiring property ownership. Lifespace's mission goes beyond creating senior living communities; it focuses on celebrating the lives of seniors by dedicating resources to disaster relief funds for employees facing emergencies recognized by federal and state agencies. With a workforce of 4787 employees, Lifespace aims to provide a fulfilling living experience for seniors while ensuring the wellbeing of its team members.


Official website here: www.lifespacecommunities.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement

Lifespace Communities Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in various areas of its operations. The overall score is 66%, which reflects strengths in areas such as board composition and governance policies, with a majority of independent board members and documented policies for conflicts of interest and whistleblowing. However, the organization struggles significantly with financial transparency, evident from a lack of complete financial statements and a concerning liabilities to assets ratio.

The nonprofit has a high program expense ratio of 86.84%, which suggests that a substantial portion of its resources is allocated toward program services rather than administrative costs. This is a positive aspect, highlighting its commitment to delivering on its mission. Nevertheless, the absence of financial statements on their website and a poor score in financial accountability raises questions about their financial health and transparency to donors and stakeholders.

In summary, while Lifespace Communities Inc demonstrates strong governance and a focus on its programming, it faces challenges regarding financial transparency and accountability. These limitations could hinder donor confidence and the organization's overall effectiveness in fulfilling its mission.


This AI summary has been generated from information found on Charity Navigator.

Is Lifespace Communities Inc legitimate?

Lifespace Communities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lifespace Communities Inc 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: $5,017,025
Professional Fundraising Fees: $0
Other Salaries and Wages: $141,785,377

For more financial information, click here


Official website here: www.lifespacecommunities.com

What is the mission statement of Lifespace Communities Inc?

Lifespace Communities Inc is dedicated to creating vibrant senior living communities, celebrating the lives of older adults. The organization understands that fulfilling its mission requires the commitment of its employees. Consequently, Lifespace Communities Inc includes the provision of disaster relief funds within its mission statement. These funds are intended for employees who encounter circumstances classified as emergencies by federal and state agencies. By prioritizing the well-being of its employees, Lifespace Communities Inc fosters an environment where seniors can thrive.


Official website here: www.lifespacecommunities.com

Who is the CEO of Lifespace Communities Inc?

Jesse Jantzen is the President & Ceo & Director of Lifespace Communities Inc. The CEO's salary of Lifespace Communities Inc is $1,046,857 and their total compensation is $1,051,995.


Official website here: www.lifespacecommunities.com

What is the revenue of Lifespace Communities Inc?

Lifespace Communities Inc's revenue in 2022 was $328,711,356.


Official website here: www.lifespacecommunities.com

Who are the executives of Lifespace Communities Inc and what are their salaries?

The average compensation at Lifespace Communities Inc during 2022 was $30,667. There are 4787 employees and 911 volunteers at Lifespace Communities Inc.


Here are 29 key members and their salaries (Lifespace Communities Inc's CEO's salary is $1,046,857 and their total compensation is $1,051,995):


Jesse Jantzen (President & Ceo & Director)
  • Compensation: $1,046,857
  • Related: $0
  • Other: $5,138
Nick Harshfield (Svp & Cfo)
  • Compensation: $593,591
  • Related: $0
  • Other: $9,972
Nikki Kresse (Chief People & Communicati)
  • Compensation: $517,684
  • Related: $0
  • Other: $3,213
Russell Mauk (Vp Of Develop/Design/Const)
  • Compensation: $415,235
  • Related: $0
  • Other: $26,024
Eddie Fenoglio (Coo (Thru 7/22))
  • Compensation: $416,112
  • Related: $0
  • Other: $25,013
Sara E Hamm (Chief Clinical And Public)
  • Compensation: $430,843
  • Related: $0
  • Other: $4,791
Tracey Crownover (Vice President Of Enterpirse Process & System)
  • Compensation: $363,801
  • Related: $0
  • Other: $5,091
Ryan Rogers (Regional Vice President Of Operations)
  • Compensation: $325,575
  • Related: $0
  • Other: $7,145
Mary Ann Gillette (Vice President Of Sales)
  • Compensation: $327,306
  • Related: $0
  • Other: $5,223
Michael Roach (Chief Strategy Officer)
  • Compensation: $329,026
  • Related: $0
  • Other: $0
Rick Oros (Vp Healthcare Operations)
  • Compensation: $323,215
  • Related: $0
  • Other: $1,414
Heidi Leavengood (Svp Finance And Accounting (Thru 7/22))
  • Compensation: $298,001
  • Related: $0
  • Other: $24,080
Kenneth Poinsette (Chief Information Officer)
  • Compensation: $299,571
  • Related: $0
  • Other: $6,963
Dana Smith (Director & Secretary)
  • Compensation: $233,654
  • Related: $0
  • Other: $2,706
Tim Gorman (General Counsel & Secretary (7/22))
  • Compensation: $155,000
  • Related: $0
  • Other: $1,632
Neal Yanofsky (Director & Chair)
  • Compensation: $55,000
  • Related: $0
  • Other: $0
Ana Dutra (Director)
  • Compensation: $43,000
  • Related: $0
  • Other: $0
Laverne Epp (Director)
  • Compensation: $43,000
  • Related: $0
  • Other: $0
Venita Fields (Director)
  • Compensation: $43,000
  • Related: $0
  • Other: $0
Patrick Spangler (Director)
  • Compensation: $43,000
  • Related: $0
  • Other: $0
Joyce Darkey-Hrinya (Director)
  • Compensation: $41,000
  • Related: $0
  • Other: $0
Gary Blackford (Director)
  • Compensation: $37,500
  • Related: $0
  • Other: $0
Jonathan Sokeye (Director)
  • Compensation: $37,500
  • Related: $0
  • Other: $0
David Williams (Director)
  • Compensation: $37,500
  • Related: $0
  • Other: $0
Scott Collier (Director)
  • Compensation: $35,000
  • Related: $0
  • Other: $0
Sue Delvaux (Director)
  • Compensation: $35,000
  • Related: $0
  • Other: $0
Laurie Dotter (Director)
  • Compensation: $17,500
  • Related: $0
  • Other: $0
Robert Kehm (Director)
  • Compensation: $14,333
  • Related: $0
  • Other: $0
Paula Shives (Director)
  • Compensation: $11,667
  • Related: $0
  • Other: $0


Official website here: www.lifespacecommunities.com

Where can I find the form 990 for Lifespace Communities Inc?

Lifespace Communities Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lifespacecommunities.com

Learn more at the official website: www.lifespacecommunities.com

Mission Statement of Lifespace Communities Inc

Lifespace Communities Inc, a renowned nonprofit organization, is dedicated to creating vibrant communities where seniors can celebrate their lives. The mission of Lifespace Communities goes beyond just providing housing, it recognizes the importance of fostering an environment that celebrates the unique experiences and contributions of seniors.

To fulfill its mission, Lifespace Communities relies heavily on the commitment and dedication of its employees. The organization understands that its mission can only be accomplished through the tireless efforts of its team. In light of this, Lifespace Communities includes the provision of disaster relief funds in its mission statement. These funds are set aside to support employees who encounter circumstances recognized by federal and state agencies as qualifying for emergency disaster relief.

Employees at Lifespace Communities are not just staff members; they are an integral part of the organization's mission to enhance the lives of seniors. By providing disaster relief funds, Lifespace Communities demonstrates its unwavering commitment to supporting its employees during times of crisis. This not only ensures the continuity of its services but also contributes to the overall well-being of its team members.

With a focus on creating communities that celebrate the lives of seniors, Lifespace Communities goes above and beyond to provide a nurturing and supportive environment. Its dedication to its employees and seniors alike sets it apart as a leading nonprofit organization in the sector.

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Impact




October, 2024

Lifespace Communities Inc has a significant impact by creating environments that celebrate the lives of seniors, providing them with safe and supportive living options. With fifteen communities spread across various states—including Florida, Texas, Illinois, Minnesota, Kansas, Pennsylvania, Wisconsin, and Nebraska—Lifespace offers a blend of independent living, healthcare services, and community engagement tailored to enhance the quality of life for retirees.

Residents can choose from various apartment styles and benefit from unlimited access to healthcare facilities, ensuring that their needs are met throughout their retirement. This structure not only fosters a sense of security but also encourages social interaction and a vibrant community life. Lifespace Communities understands the importance of a dedicated workforce, recognizing that the care and support employees provide are critical to fulfilling its mission. The organization also prioritizes the welfare of its employees, offering disaster relief funds to support staff facing emergencies, thereby creating a compassionate environment that benefits everyone involved.

Through its commitment to celebrating seniors' lives and fostering community connections, Lifespace Communities plays a vital role in promoting well-being and engagement for older adults while also supporting its dedicated staff.




This information is meant to be a general summary of Lifespace Communities Inc. 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.

Revenue
$328,711,356 (2022)
Expenses
$402,545,496 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,947,997
  • Program Service Revenue: $316,473,826
  • Gross Receipts: $600,171,651

Assets and Liabilities:

  • Total Assets: $1,413,110,019
  • Total Liabilities: $1,618,679,629
  • Net Assets: -$205,569,610

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INDEPENDENT LIVING

Revenue

$143,321,742

SKILLED NURSING

Revenue

$138,846,473

ENTRANCE FEES

Revenue

$34,305,611

Organization Details

Founding Year

1976

Principal Officer

Jesse Jantzen

Main Address

4201 CORPORATE DRIVE, WEST DES MOINES, IA, 50266

NTEE Category

Code: P750 - Human services

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