Lifespace Communities Inc

Lifespace Communities Inc Overview

Lifespace Communities Inc is located in West Des Moines, IA. The organization was established in 1977. 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. As of 12/2019, Lifespace Communities Inc employed 3,751 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Lifespace Communities Inc generated $248.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $263.4m during the year ending 12/2019. While expenses have increased by 1.9% per year over the past 5 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

2019

Describe the Organization's Mission:

Part 3 - Line 1

CREATE COMMUNITIES CELEBRATING THE LIVES OF SENIORS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LIFESPACE COMMUNITIES, INC. OWNS ELEVEN DIFFERENT COMMUNITIES (5 IN FL, 2 IN IL, 1 IN MN, KS, PA AND NE) WHICH PROVIDE APARTMENTS AND HEALTH CARE FOR RETIRED PERSONS. RESIDENTS PAY AN INITIAL ENTRANCE FEE AND MONTHLY FEES THEREAFTER WHICH ENTITLE THEM TO THE USE OF THE COMMUNITY FOR LIFE AND UNLIMITED USE OF THE HEALTH CENTER. RESIDENTS DO NOT ACQUIRE TITLE OF THE PROPERTY.


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Lifespace Communities Inc Board, Officers & Key Employees

Lifespace Communities Inc Vendors

Vendor Name (Service)Compensation
Lecesse Construction Services Llc
Contractor
$30,646,228
Thomas Management Llc
Culinary Services
$23,889,197
Pepper Construction
Contractor
$17,223,045
Kraus-anderson Construction Company
Contractor
$9,511,288
Rehabcare Group East Inc
Health Center
$7,601,385
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$314,729
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$314,729
Total Program Service Revenue$238,199,146
Investment income $8,029,090
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $33,233
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $85,102
Miscellaneous Revenue$0
Total Revenue $248,211,607

Lifespace Communities Inc Grants Awarded

Over the last fiscal year, Lifespace Communities Inc has awarded $2,347,639 in support to 2 organizations.

Grant RecipientAmount

DEERFIELD RETIREMENT COMMUNITY

Org PageRecipient Profile

West Des Moines, IA

PURPOSE: GUARANTEE OF DEBT PAYMENTS

$2,259,217

THE LIFESPACE FOUNDATION

Org PageRecipient Profile

West Des Moines, IA

PURPOSE: TO SUPPORT GENERAL OPERATIONS

$88,422
View Grant Profile

Lifespace Communities Inc Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lifespace Communities Inc has recieved totaling $275,374.

Awarding OrganizationAmount
The Lifespace Foundation

West Des Moines, IA

PURPOSE: DISTRIBUTION FOR COMMUNITY APPROVED PROJECTS AND PAYMENTS ON BEHALF OF COMMUNITIES

$275,374
View Grant Recipient Profile

Lifespace Communities Inc Peer Organizations

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