MASONIC HOME INDEPENDENT LIVING II… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

TODD LACY

Phone

5028974907

Tax Period

2024-01-01 to 2024-12-31

MASONIC HOME INDEPENDENT LIVING II LLC, founded in 2010, is a mid-sized nonprofit in the Housing & Shelter sector that reported $18.7M in total revenue in fiscal year 2024.

Mission

TO PROVIDE QUALITY HOUSING AND PERSONAL CARE SERVICES THAT WILL IMPROVE AND ENHANCE THE QUALITY OF THE RESIDENTS' NURTURE AND FURTHER ENHANCE AND MAKE A DIFFERENCE IN THEIR LIVES.

Program Service Accomplishments

Program 1

Expenses: $12,733,122 Revenue: $17,818,546

THE ORGANIZATION'S PURPOSE IS CONSTRUCTING, OWNING AND OPERATING A SENIOR LIVING COMMUNITY KNOWN AS MIRALEA. MIRALEA CONSISTS OF 120 INDEPENDENT LIVING APARTMENTS AND 12 RESIDENTIAL-STYLE PATIO HOMES THAT OPENED ON NOVEMBER 1, 2012. MIRALEA, WITH ITS AFFILIATION WITH MASONIC HOMES OF KENTUCKY, FORMS A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WITH A LIFE CARE PRODUCT FOR SENIORS. MEADOW OPENED IN JULY 2018 WITH 122 UNITS. MIRALEA/MEADOW OFFERS A TIERED APPROACH TO THE AGING PROCESS, ACCOMMODATING RESIDENTS' CHANGING NEEDS AS THEY AGE THROUGH INDEPENDENT LIVING, ASSISTED LIVING, AND SKILLED NURSING CARE. MIRALEA PROVIDES SENIORS WITH THE OPTION TO LIVE AN ACTIVE LIFESTYLE IN ONE LOCATION FOR THE DURATION OF THEIR REMAINING LIFE, WITH MUCH OF THEIR FUTURE CARE ALREADY PREDETERMINED BY THE RESIDENT AND THE LIFE CARE AGREEMENTS WITH MIRALEA/MEADOW. GROVE POINTE OPENED JULY 2018 WITH 48 UNITS. GROVE POINTE OFFERS ASSISTED LIVING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $17,818,546

Investment Income $893,131

Other Revenue $0

TOTAL REVENUE $18,711,677

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,733,122

Other Expenses $19,961,668

TOTAL EXPENSES $19,961,668

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,711,677	$17,349,500	+0.1%
Expenses	$19,961,668	$20,323,216	0.0%
Net Income	$-1,249,991	$-2,973,716	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

185

Volunteers

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

$1,471,284

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH DREIER	CHAIRMAN (FROM 11/2024)	0.80	Officer Director	$0	$0	$0
TERRY BOWMAN	VICE CHAIRMAN	0.80	Officer Director	$0	$0	$0
RONALD CAUGHRON	TREASURER	0.80	Officer Director	$0	$0	$0
WILLIAM PERRY	SECRETARY (FROM 11/2024)	0.80	Officer Director	$0	$0	$0
MITCHELL MAY	DIRECTOR (FROM 11/2024)	0.80	Director	$0	$0	$0
TIMOTHY SANDERS	DIRECTOR	0.80	Director	$0	$0	$0
RICHARD SHORT	DIRECTOR	0.80	Director	$0	$0	$0
HAROLD ARMSTRONG	CHAIRMAN (TO 11/2024)	0.80	Officer Director	$0	$0	$0
MARK GALLOWAY	SECRETARY (TO 11/2024)	0.80	Officer Director	$0	$0	$0
E DARREN WILSON	DIRECTOR (TO 11/2024)	0.80	Director	$0	$0	$0
TODD LACY	PRESIDENT	2.00	Officer	$0	$31,336	$504,302
J SCOTT JUDY	CEO	2.00	Officer	$0	$18,775	$491,752
CASEY ADAMS	VICE PRESIDENT	40.00	Officer	$0	$12,042	$178,807
ANN RICH	EXECUTIVE DIRECTOR - MEADOW	40.00	Officer	$0	$16,493	$141,082
MIKE TRUAX	EXECUTIVE DIRECTOR - MIRALEA	40.00	Officer	$0	$22,524	$155,341

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	$18,711,677	$19,961,668	$52,751,310	$-1,249,991
2023	$17,349,500	$20,323,216	$134,948,840	$-2,973,716
2022	$16,854,362	$19,373,386	$136,278,897	$-2,519,024
2021	$16,410,935	$19,439,052	$142,516,912	$-3,028,117
2020	$15,086,301	$19,228,774	$144,151,368	$-4,142,473
2019	$15,248,199	$24,887,079	$149,196,199	$-9,638,880
2018	$6,279,130	$8,427,248	$117,535,357	$-2,148,118

MASONIC HOME INDEPENDENT LIVING II LLC