Lakeview Village Inc

Lakeview Village Inc Overview

Lakeview Village Inc is located in Lenexa, KS. The organization was established in 1975. 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, Lakeview Village Inc employed 790 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, Lakeview Village Inc generated $48.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $44.7m during the year ending 12/2019. While expenses have increased by 2.5% 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

TO STRENGTHEN THE LIVES OF OLDER ADULTS WITHIN A FAITH-BASED COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LAKEVIEW VILLAGE, INC. IS A CONTINUING CARE RETIREMENT COMMUNITY WHICH HAS 534 INDEPENDENT LIVING UNITS, 120 BED LONG TERM CARE SNF HEALTH CENTER, 38 BED SHORT TERM REHAB SNF, AND 26 BED ASSISTED LIVING. ASIDE FROM THE LIVING AND CARE FACILITIES, THE CCRC PROVIDES ACTIVITIES TO ASSIST IN MAINTAINING THE RESIDENTS' SPIRTUAL AND MENTAL WELL-BEING. LAKEVIEW'S 120-BED HEALTH CENTER AND 38-BED SHORT-TERM REHAB SNF ARE MEDICARE AND MEDICAID CERTIFIED AND TAKE ADMISSIONS FROM BOTH INSIDE AND OUTSIDE OF THE LAKEVIEW COMMUNITY.THE ORGANIZATION PROVIDES CARE AND SERVICES TO RESIDENTS WHO CAN NO LONGER AFFORD THE FULL COST OF THEIR CARE THROUGH NO FAULT OF THEIR OWN. THIS MAY BE DUE TO LOSS OF A SPOUSE'S PENSION, EXTRAORDINARY MEDICAL COSTS, OR OTHER CIRCUMSTANCES. WHEN ASSISTANCE IS REQUESTED, A CONFIDENTIAL REVIEW OF THE RESIDENT'S ASSETS AND INCOME ARE COMPARED TO THEIR MONTHLY EXPENSES (INCLUDING LAKEVIEW FEES AND PERSONAL EXPENSES) AND THE AMOUNT OF ASSISTANCE IS DETERMINED BY MANAGEMENT. BECAUSE THE ORGANIZATION DOES NOT PURSUE COLLECTION OF AMOUNTS DETERMINED TO QUALIFY FOR FINANCIAL ASSISTANCE, THEY ARE NOT REPORTED AS REVENUE.


THE CHARITY CARE LAKEVIEW PROVIDES ENABLES RESIDENTS TO REMAIN ON CAMPUS AND RECEIVE SERVICES THAT WOULD OTHERWISE BE PROVIDED BY THE GREATER COMMUNITY. IN THIS WAY, LAKEVIEW PARTNERS WITH THE COMMUNITY TO ASSURE RESIDENTS' NEEDS ARE MET WITHOUT BURDENING THE WIDER COMMUNITY WITH ADDITIONAL COSTS FOR THOSE SERVICES. ADDITIONALLY, RESIDENTS AND EMPLOYEES PROVIDE COMMUNITY BENEFIT THROUGH VOLUNTEERISM AND SUPPORT OF NUMEROUS COMMUNITY ACTIVITIES. THE ORGANIZATION HAS ESTIMATED ITS DIRECT AND INDIRECT COSTS OF PROVIDING CHARITY CARE UNDER ITS FINANCIAL ASSISTANCE POLICY. IN ORDER TO ESTIMATE THE COST OR PROVIDING SUCH CARE, MANAGEMENT HAS USED ACTUAL COSTS AND OPERATIONAL PROJECTIONS. USING THIS METHODOLOGY, THE ORGANIZATION HAS ESTIMATED THE COSTS FOREGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER THE ORGANIZATION'S FINANCIAL ASSISTANCE POLICY AGGREGATED APPROXIMATELY $236,500 AND $244,000 FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018, RESPECTIVELY.


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Lakeview Village Inc Board, Officers & Key Employees

Name (title)Compensation
James K Frazier
President/ceo (term Ended 11/19)
$330,465
Robert I Clausen Jr
President/ceo
$208,793
Mary M Schworer
COO
$165,661
Joyce Lelei
Registered Nurse
$138,033
Pam Hermon
Clinical Operations Director
$128,256
Marta Eastwood
Registered Nurse
$121,995

Lakeview Village Inc Vendors

Vendor Name (Service)Compensation
Don Julian Builders Inc
General Contractor
$2,400,920
Angel Marketing
Marketing
$205,333
Linear Flooring
Flooring Contractor
$263,468
Midwest Painting Kc
Painting
$109,442
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$193,930
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$193,930
Total Program Service Revenue$46,065,764
Investment income $698,079
Tax Exempt Bond Proceeds $144,363
Royalties $0
Net Rental Income $26,741
Net Gain/Loss on Asset Sales $465,062
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $48,001,093

Lakeview Village Inc Peer Organizations

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