The Legacy Midtown Park Inc
- Assets
- $174.0m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 94
- Location
- Dallas, TX
- Founding
- 11/2015
- Data as of
- 09/2021
- EIN
- 47-2890521
Organization Overview
The Legacy Midtown Park Inc is located in Dallas, TX. The organization was established in 2015. 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 09/2021, Legacy Midtown Park Inc employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Midtown Park 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 09/2021, Legacy Midtown Park Inc generated $7.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $23.3m during the year ending 09/2021. 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
PROVIDE A CONTINUUM OF CARE TO SENIORS AND THEIR FAMILIES WITH COMPASSION AND DIGNITY, WHILE EMBRACING JEWISH VALUES AND UPHOLDING THE HIGHEST STANDARDS OF EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. OPERATED AN INDEPENDENT LIVING FACILITY FOR THE BENEFIT OF ITS INDEPENDENT LIVING RESIDENTS. PROVIDED ALL OF THE SERVICES NECESSARY FOR AN INDEPENDENT LIVING FACILITY, INCLUDING DINING, LIFESTYLE, HOUSEKEEPING AND MAINTENANCE SERVICES. 2. OPERATED AN ASSISTED LIVING FACILITY AND MEMORY SUPPORT FACILITY FOR THE BENEFIT OF ITS RESIDENTS, INCLUDING DINING, LIFESTYLE, NURSING, HOUSEKEEPING AND MAINTENANCE SERVICES. 3. OPERATED A NURSING FACILITY FOR THE BENEFIT OF ITS PATIENTS. PROVIDED ALL OF THE SERVICES NECESSARY FOR A NURSING FACILITY, INCLUDING DINING, LIFESTYLE, REHABILITATION, HOUSEKEEPING AND MAINTENANCE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chip Brownlee Associate Ed - Health Services | 40 | $133,788 | |
Dana Hanks Sales Director | 40 | $128,795 | |
Melissa Orth Lsc President/ceo | OfficerTrustee | 11 | $0 |
Carol Aaron Chair - Lmp | OfficerTrustee | 1 | $0 |
Jerry Rasansky Lsc Chair | OfficerTrustee | 1 | $0 |
Fraser Marcus Lsc Chair - Elect | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ford Audio-video System Llc Audio Video | 9/29/21 | $247,241 |
D2 Architecture Llc Architect Services | 9/29/21 | $413,875 |
The Belaire Group Llc Construction Service | 9/29/21 | $140,100 |
Brian Schiff And Associates Consulting Services | 9/29/21 | $157,040 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $358,571 |
| Government grants | $37,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $413,647 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $809,318 |
| Total Program Service Revenue | $6,089,112 |
| Investment income | $95,754 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $501 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,399,995 |
| 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 | $6,657,409 |
| Pension plan accruals and contributions | $86,077 |
| Other employee benefits | $299,893 |
| Payroll taxes | $435,008 |
| Fees for services: Management | $413,626 |
| Fees for services: Legal | $4,244 |
| Fees for services: Accounting | $54,945 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $258 |
| Fees for services: Other | $1,178,676 |
| Advertising and promotion | $286,071 |
| Office expenses | $452,636 |
| Information technology | $286,345 |
| Royalties | $0 |
| Occupancy | $666,991 |
| Travel | $4,711 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $86,512 |
| Interest | $6,439,234 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,629,933 |
| Insurance | $368,078 |
| All other expenses | $303,809 |
| Total functional expenses | $23,348,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $567,616 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,884,313 |
| Accounts receivable, net | $185,849 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,127 |
| Prepaid expenses and deferred charges | $377,971 |
| Net Land, buildings, and equipment | $154,884,097 |
| Investments—publicly traded securities | $15,054,109 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,051 |
| Total assets | $173,980,133 |
| Accounts payable and accrued expenses | $3,473,930 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $136,979,984 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $14,000,000 |
| Secured mortgages and notes payable | $2,840,490 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,349,809 |
| Total liabilities | $162,644,213 |
| Net assets without donor restrictions | $8,218,637 |
| Net assets with donor restrictions | $3,117,283 |
| 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 | $173,980,133 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Legacy Midtown Park Inc has recieved totaling $108,500.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $56,500 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $42,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Village North Dallas, TX | $220,743,885 | $46,469,442 |
Montereau Inc Tulsa, OK | $185,837,162 | $41,785,985 |
Buckner Senior Living Inc Dallas, TX | $215,344,263 | $20,049,948 |
La Vida Llena Albuquerque, NM | $163,809,368 | $31,265,301 |
The Legacy Midtown Park Inc Dallas, TX | $173,980,133 | $7,399,995 |
Bst Senior Living West Inc San Antonio, TX | $112,083,644 | $24,466,156 |
Incarnate Word Retirement Community Inc San Antonio, TX | $10,969,268 | $19,152,851 |
Neighborhood In Rio Rancho Rio Rancho, NM | $43,319,912 | $14,930,529 |
Woldenberg Village Inc New Orleans, LA | $27,827,418 | $14,584,574 |
Bst Senior Living East Inc San Antonio, TX | $59,251,034 | $9,119,781 |
George Gervin Youth Center Inc San Antonio, TX | $26,261,586 | $16,043,559 |
Methodist Retirement Communities The Woodlands, TX | $24,592,359 | $13,174,524 |