Lifespace Communities
Lifespace Communities reported $391.2 million in revenue and $447.7 million in expenses for calendar year 2024. Of every $100 it spent, $87.79 went to program services, $12.21 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 94.7% of the total. The highest compensation it reported for one person was $1,302,737 (PRESIDENT & CEO). 222 people received more than $100,000 in reportable compensation. Revenue rose 58% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $448MFor context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $391MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.8% | 87.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.2% | 11.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.7% | 20.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 2.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 94.7% | 70.8% |
| Highest reported compensation Part VII-A, columns D–F | $1,302,737 | $274,992 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.29% | 1.18% |
| People paid over $100,000 Part VII, line 2 | 222 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -11.7 | 6.9 |
| Independent voting board members Part VI 1a–1b | 11 of 11 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseLifespace Communities, inc. Owns sixteen different communities (5 in fl, 4 tx, 3 in il, 1 in mn, ks, pa, and wi) which provide apartments and health care for retired persons. Residents pay an initial entrance fee and monthly fees thereafter which entitle them to the use of the community for life and unlimited use of the health center. Residents do not acquire title of the property
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 42.00 hrs/week | $1,201,697 | $0 | $101,040 | $1,302,737 |
| CHIEF FINANCIAL OFFICER Officer, 42.00 hrs/week | $679,873 | $0 | $42,076 | $721,949 |
| CHIEF EXPERIENCE & PEOPLE OFFICER Key employee, 42.00 hrs/week | $644,212 | $0 | $37,615 | $681,827 |
| CHIEF OPERATING OFFICER Key employee, 42.00 hrs/week | $604,199 | $0 | $54,213 | $658,412 |
| CHIEF STRATEFY OFFICER Key employee, 42.00 hrs/week | $523,517 | $0 | $34,844 | $558,361 |
| GENERAL COUNSEL Officer, 42.00 hrs/week | $504,000 | $0 | $43,040 | $547,040 |
| VP OF DESIGN & CONSTRUCTION Highest compensated employee, 42.00 hrs/week | $427,405 | $0 | $0 | $427,405 |
| SENIOR VICE PRESIDENT SALES Key employee, 42.00 hrs/week | $383,425 | $0 | $25,096 | $408,521 |
222 people received more than $100,000 in reportable compensation from Lifespace Communities (Part VII, line 2). Compensation of current officers, directors and key employees totaled $6.3M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b11 · 11 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 55,163
- Volunteers Part I, line 6751
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| UNIDINE CORPORATION Culinary services | $27,434,673 |
| WALSH CONSTRUCTION Construction/redevelopment | $18,362,081 |
| SELECT REHABILITATION Medical/therapy services | $13,435,432 |
| THE WEITZ GROUP LLC Construction/redevelopment | $8,972,885 |
| GRANITE TELECOMMUNICATIONS Community wireless | $6,872,053 |
Individuals listed as contractors are left out. 239 contractors were paid more than $100,000 in all.
Private foundation grants it received
2 private foundations reported grants to Lifespace Communities totaling $4,300 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Lifespace Communities's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Lifespace Communities, you can publish a response that is linked from this page.
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Of every $100 Lifespace Communities spent in 2024, $87.79 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Kern Regional CenterBakersfield, CA · revenue $379M · programs 98.7% · FY2025
- Community OptionsPrinceton, NJ · revenue $393M · programs 90.0% · FY2025
- YMCA of San Diego CountySan Diego, CA · revenue $372M · programs 93.4% · FY2025
- Hospital for Sick Children FoundationCanada, · revenue $406M · programs 70.8% · FY2025
- Nysarc Inc. New York City ChapterNew York, NY · revenue $370M · programs 87.1% · FY2025
Questions people ask
How much of Lifespace Communities's spending goes to programs?
In calendar year 2024, Lifespace Communities reported that 87.8% of its $447.7 million in expenses went to program services, 12.2% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Lifespace Communities pay its top executive?
The largest total compensation Lifespace Communities reported for one person in calendar year 2024 was $1,302,737, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Lifespace Communities get its money?
Of $391.2 million in revenue in calendar year 2024, 0.7% came from contributions and grants and 94.7% from program service revenue (Form 990, Part VIII).
Is Lifespace Communities a registered charity?
The IRS lists EIN 42-1068850 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513189349314236 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423209349324322 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333119349301113 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203199349314625 · read the filing
- 2020: Form 990 for calendar year 2020, object 202122919349301762 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023029349301007 · read the filing
All filings for EIN 42-1068850: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.