Lakewood Manor Baptist Retirement Community Inc

Organization Overview

Lakewood Manor Baptist Retirement Community Inc is located in Glen Allen, VA. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakewood Manor Baptist Retirement Community 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 12/2021, Lakewood Manor Baptist Retirement Community Inc generated $42.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $38.8m during the year ending 12/2021. While expenses have increased by 6.9% per year over the past 7 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE "DIGNITY IN LIVING" FOR SENIOR ADULTS WHO RESIDE IN THIS PLANNED SERVICES COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WE WERE ABLE TO PROVIDE BOTH RESIDENTIAL AND HEALTH CARE SERVICES TO OUR RESIDENTS, SOME OF WHOM ARE UNABLE TO COVER THE FULL COST OF THEIR CARE. WE PROVIDED $647,547 IN SUBSIDIES AND INDIGENCE ALLOWANCES TO OUR RESIDENTS IN 2021, PERTAINING TO 26 RESIDENTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sysco Food Services Of Virginia Llc
Food Vendor
$1,239,206
Select Rehabilitation Llc
Therapy Services
$1,645,492
Century Construction Company
Contractor
$666,248
Cura Hospitality
Food Service Provider
$555,759
Old Dominion Mechanical Llc
Contractor
$375,998
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$351,056
Government grants $2,733,997
All other contributions, gifts, grants, and similar amounts not included above$62,459
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,147,512
Total Program Service Revenue$37,929,472
Investment income $749,843
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $657,679
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $42,484,506

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lakewood Manor Baptist Retirement Community Inc has recieved totaling $351,056.

Awarding OrganizationAmount
Virginia Baptist Homes Foundation Inc

Glen Allen, VA

PURPOSE: SUPPORT

$351,056
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,388,249
Ending Balance$5,388,249

Peer Organizations

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