The Lifespace Foundation: FY2022 Nonprofit Profile & Form 990 (EIN 42-1370848)

The foundation's mission is to raise and invest funds to further the charitable purposes of lifespace communities, inc. And its individual communities as well as deerfield retirement community, inc., northwest senior housing corporation, barton creek senior living center, inc., and tarrant county senior living center, inc.

$4.5Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2024

Fidelity Investments Charitable Gift FundFY2024$144K

Jewish Community Foundation of Greater Hartford INCFY2024$50K

Lifespace Communities INCFY2024$26K

Greater Kansas City Community FoundationFY2024$16K

Donor Advised Charitable Giving INCFY2024$14K

Sundet FoundationFY2024$10K

The Minneapolis FoundationFY2024$8K

Campbell FoundationFY2024$8K

Total grants receivedfrom 11 funders$284K

See all 11 funders →

Grants paid · 31 grants · $11.8M · 2020–2024

Lifespace Communities INCIA · FY2024$2,884,646

Unitemized GrantFY2024$360,500

Barton Creek Senior Living Center INCIA · FY2024$227,780

Friendship Village of Mill Creek NfpIL · FY2024$121,960

Wesley Court LLCTX · FY2024$56,143

Unitemized GrantFY2024$42,723

Craig Amarillo LLCTX · FY2024$32,807

Meadow Lake LLCTX · FY2024$32,206

Lifespace Communities INCIA · FY2023$3,019,786

Unitemized GrantFY2023$245,314

Barton Creek Senior Living Center INCIA · FY2023$218,738

Tarrant County Senior Living Center INCTX · FY2023$208,658

Unitemized GrantFY2023$40,970

Northwest Senior Housing CorporationIA · FY2023$32,925

Northwest Senior Housing CorporationIA · FY2022$388,213

Tarrant County Senior Living Center INCTX · FY2022$274,566

Barton Creek Senior Living Center INCIA · FY2022$206,634

Unitemized GrantFY2022$110,000

See all 31 grants →

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$3.7M

Ln 12

Gifts and grantsLn 1h$3.5M

Investment incomeLn 3$168K

Money outPt IX

$4.6M

Ln 25

Programscol B$4.5M

Managementcol C$82K

Owns and owesPt X

$8.1M

net assets · Ln 32

Cash and savingsLn 1–2$472K

Total assetsLn 16$9.3M

LiabilitiesLn 26$1.2M

PeoplePt VI, VII

17

listed · VII A

PaidVII A0

Voting boardVI 1a12

IndependentVI 1b11

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$3.5M

Noncash giftsLn 1g$22K

Investment incomeLn 3$168K

Gains on assetsLn 7$3K

Total revenueLn 12$3.7M

Assets in detailPt X, end of year

CashLn 1$472K

Cash and savings togetherLn 1–2$472K

InvestmentsLn 11–13$8.8M

Other assetsLn 15$2K

Total assetsLn 16$9.3M

LiabilitiesLn 26$1.2M

Net assetsLn 32$8.1M

OperationsPt I, VI

EmployeesI 50

VolunteersI 665

Fiscal year endsHeaderDecember

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$476K	$472K
InvestmentsLn 11–13	$10.1M	$8.8M
Total assetsLn 16	$10.6M	$9.3M
LiabilitiesLn 26	$171K	$1.2M
Net assetsLn 32	$10.4M	$8.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$4.2M	$4.2M
Grants to domestic individualsLn 2	$248K	$248K
Management feesLn 11a	$34K		$34K
Accounting feesLn 11c	$23K		$23K
Advertising and promotionLn 12	$258		$258
Office expensesLn 13	$3K		$3K
Information technologyLn 14	$19K		$19K
Other expenses (24a–d)Ln 24	$3K		$3K
Total functional expensesLn 25	$4.6M	$4.5M	$82K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$4.7M	$4.4M	$295K	$8.9M	990 PDF
FY2023	$4.8M	$4.8M	−$46K	$8.2M	990 PDF
FY2022 Viewing	$3.7M	$4.6M	−$893K	$8.1M	990 PDF
FY2021	$4.9M	$3.1M	$1.8M	$10.4M	990 PDF
FY2020	$1.5M	$504K	$978K	$8.1M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2022 990 (6 parts)

Part I · Summary $3,684,311 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $4,168,554$3,516,412

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $692,160$167,899

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $4,860,714$3,684,311

I-13 Grants and similar amounts paidPrior year $2,952,641$4,495,322

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $131,862$82,179

I-18 Total expensesPrior year $3,084,503$4,577,501

I-19 Revenue less expensesPrior year $1,776,211−$893,190

Part VI · Governance 11 of 12 board members independent, 1 to look at

VI-1a Voting members of the governing body12

VI-1b Independent voting members11

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $3,684,311 across 7 lines filed

VIII-1d Related organizations$522,779

VIII-1f All other contributions, gifts and grants$2,993,633

VIII-1g Noncash contributions (included above)$21,917

VIII-1h Total contributions, gifts and grants$3,516,412

VIII-3 Investment incomeExcluded from tax $164,747$164,747

VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,152$3,152

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $167,899$3,684,311

Part IX · Statement of functional expenses $4,577,501 across 8 lines filed

IX-1 Grants to domestic organizationsPrograms $4,247,488$4,247,488

IX-2 Grants to domestic individualsPrograms $247,834$247,834

IX-11a Management feesManagement $33,681$33,681

IX-11c Accounting feesManagement $23,450$23,450

IX-12 Advertising and promotionManagement $258$258

IX-13 Office expensesManagement $2,814$2,814

IX-14 Information technologyManagement $19,068$19,068

IX-24 Other expenses (24a–d)Management $2,908$2,908

IX-25 Total functional expensesPrograms $4,495,322 · Management $82,179 · Fundraising $0$4,577,501

Part X · Balance sheet $9,308,241 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $475,705$472,300

X-3 Pledges and grants receivableStart of year $30,569$39,828

X-12 Other securitiesStart of year $10,087,984$8,793,631

X-15 Other assetsStart of year $430$2,482

X-16 Total assetsStart of year $10,594,688$9,308,241

X-17 Accounts payable and accrued expensesStart of year $12,670$1,148,714

X-25 Other liabilitiesStart of year $157,917$74,711

X-26 Total liabilitiesStart of year $170,587$1,223,425

X-27 Net assets without donor restrictionsStart of year $5,022$5,739

X-28 Net assets with donor restrictionsStart of year $10,419,079$8,079,077

X-32 Total net assets or fund balancesStart of year $10,424,101$8,084,816

X-33 Total liabilities and net assetsStart of year $10,594,688$9,308,241

Part XI · Reconciliation of net assets $8,084,816 net assets at year end

XI-1 Total revenue$3,684,311

XI-2 Total expenses$4,577,501

XI-3 Revenue less expenses−$893,190

XI-4 Net assets at start of year$10,424,101

XI-5 Net unrealized gains (losses) on investments−$1,435,400

XI-9 Other changes in net assets−$10,695

XI-10 Net assets at end of year$8,084,816

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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The Lifespace Foundation FY2022 filing

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Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for The Lifespace Foundation