LIFE ENRICHING COMMUNITIES

EIN: 043660613 501(c)(3) Housing & Shelter

LOVELAND, OH

Total Revenue
$10,841,647
Total Expenses
$12,473,552
Total Assets
$81,434,671
Net Assets
$-10,113,055
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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
OH
Principal Officer
SCOTT MCQUINN
Phone
5137193510
Tax Period
2023-01-01 to 2023-12-31

LIFE ENRICHING COMMUNITIES, founded in 2001, is a mid-sized nonprofit in the Housing & Shelter sector that reported $10.8M in total revenue in fiscal year 2023. Expenses of $12.5M exceeded revenue, resulting in a 15% operating deficit.

Mission

VISION: WE WORK FOR THE DAY WHEN EVERYONE INVOLVED IN SENIOR LIVING FINDS FULFILLMENT THROUGH: (A) LIFE WITH MEANING AND PURPOSE; (B) ENRICHING OPPORTUNITIES AND EXPERIENCES; (C) COMMUNITIES FOSTERING RELATIONSHIP AND PERPETUATING LEGACY. MISSION: WE PROVIDE EXCEPTIONAL EVERYDAY EXPERIENCES IN A CHRISTIAN COMMUNITY BY: (A) CREATING ASSOCIATE EXPERIENCES THAT SUPPORT, ENGAGE AND EMPOWER DELIVERING RESIDENT AND CUSTOMER EXPERIENCES THAT EXCEED EXPECTATIONS; (B) SETTING AND SURPASSING STANDARDS FOR QUALITY AND SAFETY; (C) GROWING CONSISTENTLY IN SERVICE AND VALUE; (D) PRODUCING EXPANDED RESOURCES TO EXTEND OUR IMPACT. VALUES: WE ARE AN EXTENDED FAMILY OF MULTIPLE GENERATIONS, BOUND TOGETHER WITH: (A) RESPECT: HONORING THE DIGNITY OF ALL PEOPLE; (B) INNOVATION: IGNITING ENTREPRENEURIAL INITIATIVE AND CREATIVE SOLUTIONS; (C) SPIRITUALITY: PURSUING OUR PURPOSE CONSISTENT WITH CHRISTIAN PRINCIPLES; (D) EXCELLENCE: STRIVING FOR EXTRAORDINARY EFFECTIVENESS AND EFFICIENCY.

Program Service Accomplishments

Program 1
Expenses: $4,221,468 Revenue: $9,130,082

PROVIDE SUPPORTING SERVICES TO RELATED ORGANIZATIONS.

Program 2
Expenses: $675,767 Revenue: $267,429

CONFIDENT LIVING IS A CONTINUING CARE AT HOME PROGRAM DESIGNED TO (I) OFFER AND DELIVER VARIOUS CARE COORDINATION PROGRAMS TO OLDER ADULTS IN THEIR HOMES WITH THE OBJECTIVE OF ENABLING OLDER ADULTS...

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CONFIDENT LIVING IS A CONTINUING CARE AT HOME PROGRAM DESIGNED TO (I) OFFER AND DELIVER VARIOUS CARE COORDINATION PROGRAMS TO OLDER ADULTS IN THEIR HOMES WITH THE OBJECTIVE OF ENABLING OLDER ADULTS TO MAINTAIN THEIR OWN LIVING ARRANGEMENTS IN THEIR HOMES FOR AS LONG AS IS SAFE AND PRACTICAL; (II) TO OFFER AND DELIVER CARE COORDINATION THROUGH MEMBERSHIP PROGRAMS THAT INCLUDE A RANGE OF SERVICES THAT ARE TYPICALLY PROVIDED TO OLDER ADULTS WHO ARE RESIDENTS OF A CONTINUING CARE RETIREMENT FACILITY (E.G., ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, HOUSEKEEPING) FOR THEIR CONVENIENCE IN THE HOME SETTING; (III) TO EXTEND THE BENEFITS UNDER THE MEMBERSHIP PROGRAMS TO OLDER ADULTS WHO FIND THAT THEY NEED TO BECOME RESIDENTS OF A CONTINUING CARE FACILITY IN ACCORDANCE WITH THE TERMS OF THEIR SELECTED PROGRAMS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $565,776
Program Service Revenue $9,697,511
Investment Income $509,284
Other Revenue $69,076
TOTAL REVENUE $10,841,647

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,361,721
Fundraising Expenses $0
Program Expenses $4,897,235
Other Expenses $4,111,831
TOTAL EXPENSES $12,473,552

Year-over-Year Comparison

2023 2022 Change
Revenue $10,841,647 $10,366,591 +0.0%
Expenses $12,473,552 $11,855,489 +0.1%
Net Income $-1,631,905 $-1,488,898 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
17
Employees
2132
Volunteers
17

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$2,238,413
Total Directors
19
$1,777,450
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT MCQUINN CEO/PRESIDENT 29.00
Officer Director
$614,164 $414,381 $1,028,545
JAMES BOWERSOX COO/SECRETARY 29.00
Officer Director
$447,761 $301,144 $748,905
SCOTT BEEKEN TRUSTEE/TREASURER 3.25
Officer Director
$0 $0 $0
MIKE BRANDY CHAIR 3.25
Director
$0 $0 $0
DOUG BURGESS TRUSTEE 3.25
Director
$0 $0 $0
CARRIE COLLINS TRUSTEE 3.25
Director
$0 $0 $0
CELIA CONLON TRUSTEE 3.25
Director
$0 $0 $0
LANCE DEBENEDICTIS TRUSTEE 3.25
Director
$0 $0 $0
SANDRA EAST TRUSTEE 3.25
Director
$0 $0 $0
ROBYN HILDAL TRUSTEE 3.25
Director
$0 $0 $0
ROBERT IZO TRUSTEE 3.25
Director
$0 $0 $0
TOM KAHLE TRUSTEE 3.25
Director
$0 $0 $0
MARK PALMER TRUSTEE 3.25
Director
$0 $0 $0
PHILLIP PRESENT TRUSTEE 3.25
Director
$0 $0 $0
MARY ANN SHORT TRUSTEE 3.25
Director
$0 $0 $0
JOSEPH THORPE TRUSTEE 3.25
Director
$0 $0 $0
TODD ANDERSON TRUSTEE 3.25
Director
$0 $0 $0
LARRY BRUESHABER TRUSTEE 3.25
Director
$0 $0 $0
RON BESHEAR TRUSTEE 3.25
Director
$0 $0 $0
KEVIN MCDONNELL CFO/TREASURER 29.00
Officer
$275,359 $185,604 $460,963
MARGARET CARMANY VP ORGANIZATIONAL DEV/CLO 40.00
Highest
$285,559 $70,289 $355,848
TIMOTHY GRIMES EXECUTIVE DIRECTOR 40.00
Highest
$261,039 $76,892 $337,931
KEN MCDONALD DIRECTOR OF FINANCE 40.00
Highest
$170,572 $74,104 $244,676
LA'TASHA GOODWIN SR. DIRECTOR/SALES 15.00
Highest
$172,982 $75,126 $248,108
PAULA BOURNE REGINAL DIRECTOR OF OPERATIONS 11.00
Highest
$180,538 $75,198 $255,736
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $10,841,647 $12,473,552 $81,434,671 $-1,631,905
2022 $10,366,591 $11,855,489 $38,419,381 $-1,488,898
2021 $13,666,564 $10,216,866 $46,743,285 $3,449,698
2020 $8,319,910 $8,974,413 $39,920,656 $-654,503
2019 $8,072,764 $8,284,305 $46,457,199 $-211,541
2018 $7,337,073 $7,454,506 $48,789,647 $-117,433
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