Lakeview Village
Legal name: Lakeview Village Inc
Nonprofit profile at a glance
- EIN
- 480689163
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Lenexa, KS, US
- Phone
- (913) 744-2449
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Supportive Housing for Older Adults
Reported finances
- Revenue
- $59,573,832
- Expenses
- $55,412,962
- Assets
- $152,543,095
- Liabilities
- $133,062,530
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- ROBERT I CLAUSEN JR (PRESIDENT/CEO)
Highest reported compensation
- ROBERT I CLAUSEN JR (PRESIDENT/CEO): $375,458 total reported compensation
- GODFREY NDEMAKI (REGISTERED NURSE): $329,446 total reported compensation
- LUKE SUBIN (REGISTERED NURSE): $261,008 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 Village is dedicated to strengthening the lives of older adults within a non-denominational, faith-based community.
What it reported doing in 2024
Lakeview village, inc. Is a continuing care retirement community which has 533 independent living units, 120 bed long term care snf health center, 38 bed short term rehab snf, and 26 bed assisted living. Aside from the living and care facilities, the ccrc provides activities to assist in maintaining the residents' spirtual and mental well-being. Lakeview's 120-bed health center and 38-bed short-term rehab snf are medicare and medicaid certified and take admissions from both inside and outside of the lakeview community.the organization provides care and services to residents who can no longer afford the full cost of their care through no fault of their own. This may be due to loss of a spouse's pension, extraordinary medical costs, or other circumstances. When assistance is requested, a confidential review of the resident's assets and income are compared to their monthly expenses (including lakeview fees and personal expenses) and the amount of assistance is determined by management. Because the organization does not pursue collection of amounts determined to qualify for financial assistance, they are not reported as revenue.
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- 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. Liabilities are high compared with assets and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 95
- Accountability: 94
- Sustainability: 56
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83%; rating input score 83
- Program expense ratio: 89.7%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Missing
- 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: Yes; rating input score 100
Accountability
- Independent voting board: 88.9%; rating input score 89; 36th 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: 7%; rating input score 64; 64th percentile among comparable filings
- Total-asset coverage ratio: 2.75; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0.87; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 4%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: 3.2% per year; rating input score 100; 24th percentile among comparable filings
- Revenue growth: 4% per year; rating input score 100; 32nd percentile among comparable filings
- Asset growth: 1% per year; rating input score 100; 10th percentile among comparable filings
Details
- What they do: 8 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 83% of revenue deployed · 89.7% of spending went to programs
- Governance: 8 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $49.7M in reported program spending
- Leadership: top reported pay $375K · 17 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $5.4M reported
- Consistency: 34 of 34 current checks pass
- Schedules: 7 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 14 filed money-flow records
- Related organizations: 3 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- High — Sustainability: Officer compensation ratio scored 25/100.