Lenbrook Square Foundation Inc
- Assets
- $291.4m
- Revenue
- $46.1m
- Investments
- $637.0
- Employees
- 501
- Location
- Atlanta, GA
- Founding
- 03/1981
- Data as of
- 06/2022
- EIN
- 58-1416841
Organization Overview
Lenbrook Square Foundation Inc is located in Atlanta, GA. The organization was established in 1981. 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 06/2023, Lenbrook Square Foundation Inc employed 501 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lenbrook Square Foundation 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 06/2022, Lenbrook Square Foundation Inc generated $46.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $47.4m during the year ending 06/2022. While expenses have increased by 5.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENABLE OUR RESIDENTS TO ENJOY THE GIFTS OF INDEPENDENCE, GOOD HEALTH, AND PERSONAL FULFILLMENT TO THE FULLEST EXTENT POSSIBLE THROUGH LENBROOK'S MANY PROGRAMS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL OPERATION OF CONTINUING CARE FACILITY PROVIDING HOUSING AND SERVICES FOR THE ELDERLY, AVERAGING 545 RESIDENTS PER DAY. THE COMMUNITY INCLUDES A 17-STORY BUILDING CONTAINING 209 RESIDENTIAL UNITS, 16 PERSONAL CARE UNITS, A 24-STORY BUILDING CONTAINING 140 RESIDENTIAL UNITS AND A 60-BED SKILLED NURSING CARE UNIT, A 5-STORY BUILDING CONTAINING 39 RESIDENTIAL UNITS AND 14 RESIDENCES IN 3 SEPARATE VILLAS, ALONG WITH VARIOUS ADMINISTRATIVE, DINING AND RECREATIONAL AMENITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher M Keysor President/ceo | Officer | 40 | $590,968 |
Leslie A Dove VP Of Finance/cfo | Officer | 40 | $377,568 |
Felicia Sveda COO | Officer | 40 | $353,475 |
David A Rast Dir Of Human Resources | 40 | $226,599 | |
Allison B Perry VP Of Sales/mktg | 40 | $204,446 | |
Nettie R Thrash VP Health Svcs | Officer | 40 | $190,341 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthpro Heritage Llc Therapy/rehab Svcs | 6/29/23 | $880,379 |
Pico Volt Electrical Maint | 6/29/23 | $485,725 |
Prn Contract Nursing | 6/29/23 | $330,052 |
Thw Design Architects | 6/29/23 | $286,037 |
Relish Marketing Integr Mkt Design | 6/29/23 | $268,865 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,858,654 |
| All other contributions, gifts, grants, and similar amounts not included above | $395,099 |
| Noncash contributions included in lines 1a–1f | $5,418 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,253,753 |
| Total Program Service Revenue | $40,812,497 |
| Investment income | $1,194,786 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $784,276 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,078,205 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,998 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,659,618 |
| Compensation of current officers, directors, key employees. | $733,450 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,368,865 |
| Pension plan accruals and contributions | $397,462 |
| Other employee benefits | $1,646,643 |
| Payroll taxes | $1,318,014 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,147 |
| Fees for services: Accounting | $77,802 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $186,242 |
| Fees for services: Other | $3,182,441 |
| Advertising and promotion | $817,043 |
| Office expenses | $1,527,115 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,589,463 |
| Travel | $96,038 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,430,306 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,661,372 |
| Insurance | $0 |
| All other expenses | $579,335 |
| Total functional expenses | $47,368,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196 |
| Savings and temporary cash investments | $40,166,577 |
| Pledges and grants receivable | $295,000 |
| Accounts receivable, net | $1,035,903 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,721 |
| Prepaid expenses and deferred charges | $116,513 |
| Net Land, buildings, and equipment | $206,779,156 |
| Investments—publicly traded securities | $40,022,072 |
| Investments—other securities | $637 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,996,892 |
| Total assets | $291,448,667 |
| Accounts payable and accrued expenses | $5,584,880 |
| Grants payable | $0 |
| Deferred revenue | $251,015,871 |
| Tax-exempt bond liabilities | $78,554,821 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $43,331,848 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,330,146 |
| Total liabilities | $379,817,566 |
| Net assets without donor restrictions | -$90,449,596 |
| Net assets with donor restrictions | $2,080,697 |
| 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 | $291,448,667 |