Larksfield Place Retirement Communities Inc
- Assets
- $52.9m
- Revenue
- $27.7m
- Investments
- $0.0
- Employees
- 546
- Location
- Wichita, KS
- Founding
- 10/1985
- Data as of
- 06/2021
- EIN
- 48-0987497
Organization Overview
Larksfield Place Retirement Communities Inc is located in Wichita, KS. The organization was established in 1985. 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 06/2021, Larksfield Place Retirement Communities Inc employed 546 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Larksfield Place Retirement Communities 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 06/2021, Larksfield Place Retirement Communities Inc generated $27.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $32.0m during the year ending 06/2021. While expenses have increased by 5.7% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE AND MAINTAIN RESIDENT FACILITIES FOR THE ELDERLY INCLUDING NON-ACUTE HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING RESIDENTIAL AND LONG-TERM CARE HEALTH SERVICES, WELLNESS SERVICES AND A DISTINCTIVE LIFESTYLE THAT ENRICHES THE LIVES OF ELDERLY PERSONS IN WICHITA, KANSAS AND SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nikkel Tim Treasurer/cfo | Officer | 40 | $150,355 |
Cornejo Robert Exec Dir Home Health & Hospice | 40 | $143,939 | |
Powell Chelsea VP Human Resources | 40 | $110,976 | |
Smading Lisa Assisted Living Administrator | 40 | $108,034 | |
Hambley Michael President/ceo | Officer | 40 | $107,941 |
Cracraft Lynn Secretary | Officer | 38 | $55,076 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Summit Care Inc Therapy Service | 6/29/21 | $928,980 |
Mill Creek Carpet Tile Floor Coverings | 6/29/21 | $186,076 |
Cascade Health Services Staffing Service | 6/29/21 | $158,420 |
Home Instead Senior Care Wichita Companion Service | 6/29/21 | $131,585 |
Dandurand Pharmacy Pharmacy Service | 6/29/21 | $384,990 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $94,528 |
| Government grants | $2,822,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,965 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,005,243 |
| Total Program Service Revenue | $23,726,750 |
| Investment income | $116,081 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $849,032 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,697,106 |
| 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. | $495,297 |
| Compensation of current officers, directors, key employees. | $495,297 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,430,567 |
| Pension plan accruals and contributions | $220,573 |
| Other employee benefits | $1,366,396 |
| Payroll taxes | $859,976 |
| Fees for services: Management | $14,583 |
| Fees for services: Legal | $66,342 |
| Fees for services: Accounting | $81,128 |
| Fees for services: Lobbying | $4,177 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,911 |
| Fees for services: Other | $2,107,521 |
| Advertising and promotion | $133,917 |
| Office expenses | $788,447 |
| Information technology | $278,098 |
| Royalties | $0 |
| Occupancy | $1,189,652 |
| Travel | $67,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,013,162 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,541,974 |
| Insurance | $837,031 |
| All other expenses | $1,258,813 |
| Total functional expenses | $31,994,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,734 |
| Savings and temporary cash investments | $3,156,193 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,147,711 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $130,064 |
| Prepaid expenses and deferred charges | $269,483 |
| Net Land, buildings, and equipment | $40,306,049 |
| Investments—publicly traded securities | $7,653,672 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $166,299 |
| Total assets | $52,859,205 |
| Accounts payable and accrued expenses | $1,394,034 |
| Grants payable | $0 |
| Deferred revenue | $2,086,154 |
| Tax-exempt bond liabilities | $35,705,157 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,074,434 |
| Total liabilities | $79,259,779 |
| Net assets without donor restrictions | -$26,414,594 |
| Net assets with donor restrictions | $14,020 |
| 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 | $52,859,205 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Larksfield Place Retirement Communities Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Wichita Community Foundation Wichita, KS PURPOSE: GENERAL PURPOSES | $7,000 |
Endowment Analysis
| Beg. Balance | $1,499,034 |
| Net Contributions | $182,494 |
| Other Expense | $137,845 |
| Grants | $12,033 |
| Ending Balance | $1,531,650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Manors Inc Wichita, KS | $184,544,453 | $111,573,289 |
Wind Crest Inc Highlands Ranch, CO | $994,750,892 | $101,821,214 |
John Knox Village Lees Summit, MO | $177,748,432 | $73,269,206 |
Friendship Village Of South County St Louis, MO | $305,494,367 | $44,131,100 |
Bethesda Foundation Colorado Springs, CO | $104,909,820 | $43,407,177 |
Lakeview Village Inc Lenexa, KS | $137,708,063 | $49,070,478 |
Frasier Meadows Manor Inc Boulder, CO | $252,296,856 | $40,732,560 |
Friendship Village Of West County Chesterfield, MO | $195,171,509 | $29,494,334 |
Bslc Ii Colorado Springs, CO | $101,154,124 | $30,600,534 |
Larksfield Place Retirement Communities Inc Wichita, KS | $52,859,205 | $27,697,106 |
Central Oklahoma United Methodist Retirement Facility Inc Oklahoma City, OK | $92,530,594 | $26,932,223 |
Ascension Living Alexian Village Tennesee St Louis, MO | $81,127,396 | $25,054,380 |