Living Services Foundation FY2023 filing

Tax-deductible

Minneapolis, MN501(c)(3)Since 1999HospitalsEIN 41-1936717Revenue $2.2M in FY2023

On file with the IRSlsfhealth.org3109 West 50th Street 133, 55410-2102 · Minneapolis, MNTax-exempt since Apr 1999Publicly supported — 509(a)(2)

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The Foundation is organized and shall be operated primarily to own, maintain, operate and conduct, directly or indirectly, housing and long-term care facilities for the elderly and to assist and coordinate activities of facilities for health care, social services, education and research, and do any and all other acts and things and exercise any and all other rights and powers which may be reasonably necessary, incidental, desirable or expedient in the accomplishment of such purposes.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$388K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $128K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$388K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$13.9M
163% of total assets
Concern: liabilities are 163% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
-61% vs prior year
Spent
$3.3M
To programs
85%
Net assets
−$5.3M
By yearFY2020–FY2025
Revenue
$2.2M
FY2023▼ -61%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.0M
FY2021$6.6M
FY2022$5.5M
FY2023$2.2M
FY2024$2.9M
FY2025$2.9M
Expenses
$3.3M
FY2023▼ -31%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.7M
FY2021$6.6M
FY2022$4.8M
FY2023$3.3M
FY2024$3.3M
FY2025$3.2M
Net assets
−$5.3M
FY2023▼ -136%
Tap a bar for its year
Net assets by fiscal year
FY2020−$2.0M
FY2021−$3.7M
FY2022−$2.3M
FY2023−$5.3M
FY2024−$4.9M
FY2025−$5.3M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $2.8M Management & general 15% · $488K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $388K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
11/2022)/CEO/Secretary/Treasurer
$201,147Pt VII · Sec A
(jul-Nov)/Chair(beg 12/1/2022)
$186,916Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Jennifer Gleason’s $215K as CEO is at the 76th percentile of top reported officer pay among 3128 $1–10M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jennifer Gleason$215,010$215,010—$216,160$174,434$175,000
Dennis Kamstra -Presceo——$186,916$201,722——
Jennifer Gleason-Coountil——$201,147———
Tammy Esping$125,504$110,304——$104,251—
Kathy Johnson————$119,819—
Kimberly Callens———$110,383$110,751—
Dennis Kamstra————$98,145$15,625
Robert Sundberg - Chair———$10,000——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Provides housing and long-term care for seniors.

Questions for Living Services Foundation

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Provided by the organization

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1 program · $2.8M · in their own filed words · FY2022
01

The organization owns and provides management oversight to the following wholly owned subsidiaries:Living Services Foundation/Minneota, LLC consists of a 33-unit assisted living facility located in Minneota, Minnesota.

$2.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Fees for servicesLn 2g$2.3M
Money outPt IX
$3.3M
Ln 25
Programscol B$2.8M
Managementcol C$488K
Owns and owesPt X
−$5.3M
net assets · Ln 32
Cash and savingsLn 1–2$63K
Total assetsLn 16$8.5M
LiabilitiesLn 26$13.9M
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.3M
Gains on assetsLn 7−$152K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
SavingsLn 2$63K
Cash and savings togetherLn 1–2$63K
Land, buildings, equipmentLn 10c$5.3M
Other assetsLn 15$2.8M
Total assetsLn 16$8.5M
LiabilitiesLn 26$13.9M
Net assetsLn 32−$5.3M
OperationsPt I, VI
EmployeesI 574
VolunteersI 64
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$385K$63K
Land, buildings, equipmentLn 10c$5.6M$5.3M
Total assetsLn 16$8.7M$8.5M
LiabilitiesLn 26$12.0M$13.9M
Net assetsLn 32−$3.3M−$5.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$305K$42K$263K
Other salaries and wagesLn 7$1.1M$980K$108K
Pension plan contributionsLn 8$18K$16K$1K
Other employee benefitsLn 9$120K$111K$9K
Payroll taxesLn 10$104K$97K$7K
Management feesLn 11a$67K$67K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$31K$31K
Other fees for servicesLn 11g$16K$16K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$56K$56K
Information technologyLn 14$19K$19K
OccupancyLn 16$290K$290K
TravelLn 17$7K$7K
Conferences, conventions and meetingsLn 19$7K$7K
InterestLn 20$594K$594K
Depreciation, depletion and amortizationLn 22$397K$397K
InsuranceLn 23$43K$43K
Other expenses (24a–d)Ln 24$124K$124K
Total functional expensesLn 25$3.3M$2.8M$488K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.9M$3.2M−$313K−$5.3M 990 PDF
FY2024 $2.9M$3.3M−$434K−$4.9M 990 PDF
FY2023 Viewing $2.2M$3.3M−$1.1M−$5.3M 990 PDF
FY2022 $5.5M$4.8M$696K−$2.3M 990 PDF
FY2021 $6.6M$6.6M$83K−$3.7M 990 PDF
FY2020 $7.0M$6.7M$343K−$2.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $2,152,324 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,557,539$0
I-9 Program service revenuePrior year $2,923,712$2,303,935
I-10 Investment incomePrior year $1,360−$151,611
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $5,482,611$2,152,324
I-13 Grants and similar amounts paidPrior year $350$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,420,869$1,634,908
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,399,184$1,660,592
I-18 Total expensesPrior year $5,820,403$3,295,500
I-19 Revenue less expensesPrior year −$337,792−$1,143,176
Part VI · Governance 2 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,152,324 across 3 lines filed
Lines not itemized here account for $84,259 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,219,676$2,219,676
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$151,611−$151,611
VIII-12 Total revenueRelated to mission $2,303,935 · Unrelated business $0 · Excluded from tax −$151,611$2,152,324
Part IX · Statement of functional expenses $3,295,500 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $42,084 · Management $263,173$305,257
IX-7 Other salaries and wagesPrograms $980,023 · Management $108,036$1,088,059
IX-8 Pension plan contributionsPrograms $16,136 · Management $1,415$17,551
IX-9 Other employee benefitsPrograms $111,088 · Management $8,886$119,974
IX-10 Payroll taxesPrograms $96,974 · Management $7,093$104,067
IX-11a Management feesManagement $67,067$67,067
IX-11b Legal feesManagement $1,290$1,290
IX-11c Accounting feesManagement $30,663$30,663
IX-11g Other fees for servicesPrograms $16,177$16,177
IX-12 Advertising and promotionPrograms $6,818$6,818
IX-13 Office expensesPrograms $56,202$56,202
IX-14 Information technologyPrograms $19,496$19,496
IX-16 OccupancyPrograms $289,708$289,708
IX-17 TravelPrograms $7,073$7,073
IX-19 Conferences, conventions and meetingsPrograms $7,445$7,445
IX-20 InterestPrograms $594,007$594,007
IX-22 Depreciation, depletion and amortizationPrograms $397,037$397,037
IX-23 InsurancePrograms $43,306$43,306
IX-24 Other expenses (24a–d)Programs $124,303$124,303
IX-25 Total functional expensesPrograms $2,807,877 · Management $487,623 · Fundraising $0$3,295,500
Part X · Balance sheet $8,510,167 assets, 13 lines filed
Asset lines not itemized here account for $166,654; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $385,437$62,581
X-4 Accounts receivableStart of year $121,792$174,529
X-9 Prepaid expenses and deferred chargesStart of year $14,128$14,128
X-10c Land, buildings and equipment, netStart of year $5,551,720$5,331,809
X-15 Other assetsStart of year $2,647,299$2,760,466
X-16 Total assetsStart of year $8,720,376$8,510,167
X-17 Accounts payable and accrued expensesStart of year $228,198$1,320,262
X-20 Tax-exempt bond liabilitiesStart of year $7,653,843$7,824,187
X-25 Other liabilitiesStart of year $2,599,469$3,299,334
X-26 Total liabilitiesStart of year $12,047,668$13,850,503
X-27 Net assets without donor restrictionsStart of year −$3,327,292−$5,340,336
X-32 Total net assets or fund balancesStart of year −$3,327,292−$5,340,336
X-33 Total liabilities and net assetsStart of year $8,720,376$8,510,167
Part XI · Reconciliation of net assets −$5,340,336 net assets at year end
XI-1 Total revenue$2,152,324
XI-2 Total expenses$3,295,500
XI-3 Revenue less expenses−$1,143,176
XI-4 Net assets at start of year−$3,327,292
XI-8 Prior period adjustments−$869,868
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$5,340,336

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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