Lifespace Communities Inc
88% goes to programs $0 to raise $100 Thin reserves Growing revenue
Lifespace Communities Inc is a 501(c)(3) organization based in Wdm, Iowa, registered in 1977, with $391,189,293 in FY2024 revenue. CharityIndex grades it C, and it directs about 88% of spending to programs.
4201 Corporate Dr Ste 100, Wdm, IA, 50266 EIN 42-1068850 Since 1977
Revenue (FY2024)
$391.2M
▲ 65.7% vs prior year
Human Services median: $293K
Expenses (FY2024)
$447.7M
Net assets
-$434.7M
Employees
5,163
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating88% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Lifespace Communities Inc: 88% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -14% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lifespace Communities Inc: 0 mo reserves · -14% margin earns a F on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Lifespace Communities Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lifespace Communities Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Create communities celebrating the lives of seniors.
Contact & location
- Address
- 4201 Corporate Dr Ste 100, Wdm, IA, 50266
- City
- Wdm
- State
- Iowa
- Category
- Human Services
- Subcategory
- Residential Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $213.4M (FY2013) to $391.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.8BNet assets -$434.7M
Operating margin
-14.4%
Spent more than it raised in the latest fiscal year.
Total assets
$1.3B
Total liabilities
$1.8B
Net assets
-$434.7M
Salaries & benefits
$199.2M
45% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $391,189,293▲65.7% | $447,701,513▲5.9% | -$434,710,534▼12.6% | $1,338,142,264▲0.3% | 990 |
| 2023 | $236,087,395▼28.2% | $422,855,604▲5.0% | -$385,936,846▼87.7% | $1,333,809,519▼5.6% | 990 |
| 2022 | $328,711,356▲13.9% | $402,545,496▲15.8% | -$205,569,610▼85.1% | $1,413,110,019▲14.4% | 990 |
| 2021 | $288,575,366▲2.5% | $347,496,596▲23.1% | -$111,032,951▼95.0% | $1,235,093,381▲15.7% | 990 |
| 2020 | $281,536,784▲13.4% | $282,334,731▲7.2% | -$56,950,856▲7.6% | $1,067,045,251▼0.7% | 990 |
| 2019 | $248,211,607▼2.5% | $263,399,579▲3.2% | -$61,623,458▲0.8% | $1,074,258,846▲10.3% | 990 |
| 2018 | $254,479,884▲4.5% | $255,251,655▲7.6% | -$62,138,520▼40.6% | $974,196,700▲22.1% | 990 |
| 2017 | $243,464,445 | $237,173,572▼2.1% | -$44,198,878▲21.8% | $798,068,965▼0.5% | 990 |
| 2016 | $243,513,709▲2.3% | $242,292,187▲0.9% | -$56,495,240▲10.6% | $801,738,215▲10.5% | 990 |
| 2015 | $238,147,028▲6.2% | $240,195,237▲3.2% | -$63,170,372▼11.8% | $725,739,982▲1.6% | 990 |
| 2014 | $224,349,290▲5.1% | $232,670,190▲11.8% | -$56,496,400▼6.5% | $714,593,285▲0.2% | 990 |
| 2013 | $213,394,865 | $208,117,819▲1.1% | -$53,065,056▼135% | $713,181,641▲16.0% | 990 |
| 2012 | — | $205,952,604▲14.1% | $151,940,036▲7.3% | $614,897,413▲2.1% | 990 |
| 2011 | — | $180,496,351▲13.7% | $141,638,325▲12.8% | $601,979,578▲9.7% | 990 |
| 2010 | — | $158,722,011 | $125,563,473 | $548,879,118 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Jesse Jantzen — $1,201,697 (0.27% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jesse Jantzen | President & Ceo | 42 | $1,201,697 |
| Nicholas Harshfield | Chief Financial Officer | 42 | $679,873 |
| Nikki Kresse | Chief Experience & People Officer | 42 | $644,212 |
| Brian Robbins | Chief Operating Officer | 42 | $604,199 |
| Michael Roach | Chief Stratefy Officer | 42 | $523,517 |
| Joseph Gorman | General Counsel | 42 | $504,000 |
| Russel Mauk | Vp of Design & Construction | 42 | $427,405 |
| Kerry Santo | Director Sales | 42 | $388,348 |
| Maryann Gillette | Senior Vice President Sales | 42 | $383,425 |
| Erin Pope | Sr. Vp Chief Compliance Counsel | 42 | $373,197 |
| Tracey Crownover | Vp of Process & System Optimization | 42 | $340,600 |
| Rick Oros | Vp of Healthcare Operations | 42 | $339,882 |
| Srini Alagarsamy | Chief Technology Officer | 42 | $277,233 |
| Natallia Futrell | Chief Clinical Officer | 42 | $211,315 |
| Curt Gielow | Foundation | 42 | $180,000 |
| Heather Ann Julian | Chief Marketing Officer | 42 | $153,743 |
| Venita Fields | Director | 2.5 | $71,667 |
| Ana Dutra | Director | 2.5 | $49,000 |
| David S Williams III | Director | 2.5 | $49,000 |
| Gary Blackford | Director | 2.5 | $49,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| 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 |
Grants made · $517K in FY2024
1 grant totaling $517K in FY2024. All grants made by Lifespace Communities Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| The Lifespace Foundation | Legal and professional services | $516,661 |
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Frequently asked questions
- Is Lifespace Communities Inc a legitimate nonprofit?
- Yes. Lifespace Communities Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-1068850, based in Wdm, Iowa. Donations are tax-deductible.
- What is Lifespace Communities Inc's EIN?
- Lifespace Communities Inc's Employer Identification Number (EIN) is 42-1068850.
- How much revenue does Lifespace Communities Inc report?
- Lifespace Communities Inc reported $391,189,293 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Lifespace Communities Inc's spending goes to programs?
- Lifespace Communities Inc spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lifespace Communities Inc have?
- CharityIndex grades Lifespace Communities Inc C, based on program efficiency and fundraising cost.
- How much does Lifespace Communities Inc's highest-paid employee make?
- The highest reported compensation on Lifespace Communities Inc's latest Form 990 is $1,201,697, paid to Jesse Jantzen (President & Ceo).
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Data for Lifespace Communities Inc (EIN 42-1068850) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.