Lakeview Health Services Inc
Nonprofit profile at a glance
- EIN
- 222215112
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2022
- Location
- Geneva, NY, USA
- Phone
- 3157895501
- Rating
- 93
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Residential Mental Health Treatment
Reported finances
- Revenue
- $16,762,806
- Expenses
- $16,859,001
- Assets
- $25,245,969
- Liabilities
- $16,182,240
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- CATHERINE LOVEJOY (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- CATHERINE LOVEJOY (CHIEF EXECUTIVE OFFICER): $176,581 total reported compensation
- NAOMI GLEASON (CHIEF FINANCIAL OFFICER): $146,096 total reported compensation
- HARRY MERRYMAN (EXECUTIVE ADVISOR): $114,708 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Lakeview health services is dedicated to helping those we serve identify and achieve personally meaningful life goals and to realize their full potential. We provide safe, affordable housing and support to persons recovering from mental illness and health care coordination services to individuals with chronic mental and physical health challenges.
What it reported doing in 2024
Care management - provides support and assistance with individuals involved with a rehabilitation process in order to continue to live independently in the community. Assistance is provided to adults, children and youth to link to services such as medical, legal, employment, and education. Clients - 617
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 100
- Accountability: 100
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.7%; rating input score 89
- Program expense ratio: 87.5%; rating input score 87
- Fundraising efficiency: $3,599.7 raised per $1 spent on fundraising; rating input score 99; 99th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 6 of 6 controls in place; rating input score 100
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.6%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 1.5; rating input score 51; 51st percentile among comparable filings
- Liabilities to assets ratio: 0.64; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 2.9%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 5.6% per year; rating input score 100; 46th percentile among comparable filings
- Revenue growth: 4.9% per year; rating input score 100; 43rd percentile among comparable filings
- Asset growth: 6.2% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: 88.7% of revenue deployed · 87.5% of spending went to programs
- Governance: 11 of 11 board members independent · 9 of 9 filing controls reported
- Programs: 5 filed program accomplishments · $14.8M in reported program spending
- Leadership: top reported pay $177K · 15 people listed · 6 of 6 pay-setting controls reported
- Consistency: 35 of 35 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 13 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 28/100.
- Review — Sustainability: Total-asset coverage ratio scored 51/100.
- High — Sustainability: Liabilities to assets ratio scored 20/100.