Liberty Ridge Senior Living Inc
- Assets
- $12.3m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 52
- Location
- Lexington, KY
- Founding
- 06/1999
- Data as of
- 12/2021
- EIN
- 61-1340533
Organization Overview
Liberty Ridge Senior Living Inc is located in Lexington, KY. The organization was established in 1999. 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 12/2021, Liberty Ridge Senior Living Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberty Ridge Senior Living 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, Liberty Ridge Senior Living Inc generated $2.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 years. 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 RESIDENTIAL HOUSING AND RELATED BASIC SERVICES TO SENIOR CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RESIDENTIAL HOUSING AND RELATED BASIC SERVICES TO SENIOR CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Schneider Community Director | Officer | 40 | $78,905 |
Kyle Lee Trustee/chairman | OfficerTrustee | 0.5 | $0 |
Cleda Flener Trustee/secretary | OfficerTrustee | 0 | $0 |
Rob Kespelher Trustee | Trustee | 0.5 | $0 |
Patsy Duagherty Trustee | Trustee | 0.5 | $0 |
Phil Lambert Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,254 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,254 |
| Total Program Service Revenue | $2,362,025 |
| Investment income | $42,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,714,766 |
| 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. | $78,905 |
| Compensation of current officers, directors, key employees. | $78,905 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $752,764 |
| Pension plan accruals and contributions | $1,305 |
| Other employee benefits | $75,810 |
| Payroll taxes | $69,841 |
| Fees for services: Management | $87,627 |
| Fees for services: Legal | $23,410 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,921 |
| Fees for services: Other | $0 |
| Advertising and promotion | $79,011 |
| Office expenses | $13,050 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $164,708 |
| Travel | $105 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35,261 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $390,548 |
| Insurance | $91,862 |
| All other expenses | $320,490 |
| Total functional expenses | $2,724,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333,196 |
| Savings and temporary cash investments | $642,287 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,837 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,467 |
| Prepaid expenses and deferred charges | $5,039 |
| Net Land, buildings, and equipment | $11,320,602 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,837 |
| Total assets | $12,347,265 |
| Accounts payable and accrued expenses | $42,825 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,695,000 |
| 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 | $9,682,135 |
| Total liabilities | $11,419,960 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $927,305 |
| Total liabilities and net assets/fund balances | $12,347,265 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Liberty Ridge Senior Living Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery Place Chicago, IL | $31,885,880 | $16,111,662 |
Bishop Spencer Place Inc Kansas City, MO | $31,543,334 | $13,908,229 |
Lakeshore Estate Inc Nashville, TN | $27,064,642 | $18,022,154 |
Sunset Retirement Communities Inc Toledo, OH | $108,190,573 | $24,563,176 |
Bethesda Health Group Inc St Louis, MO | $17,800,638 | $4,853,543 |
Brethren Retirement Community Greenville, OH | $42,948,048 | $21,022,668 |
Beth Sholom Home Of Eastern Virginia Virginia Beach, VA | $27,551,493 | $20,688,012 |
Central Baptist Home For The Aged Norridge, IL | $67,571,437 | $21,182,649 |
Presbyterian Homes And Services Of Ky Inc Louisville, KY | $21,197,492 | $21,992,512 |
Good Samaritan Home Of Quincy Quincy, IL | $32,676,656 | $19,097,575 |
Friendship Village Of Columbus Ohio Inc Columbus, OH | $29,113,635 | $19,234,809 |
Covenant Home Illinois Northbrook, IL | $166,475,205 | $19,986,763 |