Lexington Retirement Community Inc
Nonprofit profile at a glance
- EIN
- 541795871
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Lexington, VA, USA
- Phone
- 5404631910
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Supportive Housing for Older Adults
Reported finances
- Revenue
- $26,089,048
- Expenses
- $21,729,589
- Assets
- $128,051,402
- Liabilities
- $94,970,826
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
26 people listed
Executive titles in this filing
- ADAM DAY (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- FELICIA DIPRONIO BUSH (CFO): $257,836 total reported compensation
- ADAM FELDBAUER (HEALTH SERVICES ADMINISTRATOR): $186,679 total reported compensation
- TRACY WALLACE (DIRECTOR OF NURSING): $171,482 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Kendal at lexington, a not-for-profit life plan community, grounded in quaker values, provides opportunities for a diverse population of older adults from the lexington, buena vista, and rockbridge county, Virginia areas and beyond, to live in a (continued on schedule o) vibrant, caring community that promotes healthful and meaningful aging.
What it reported doing in 2025
Lexington retirement community, inc. Owns and operates a life plan community which currently consists of 150 independent living residences in cottages and apartments, 19 assisted living apartments with capacity of 20 residents and a 60 bed skilled nursing facility.
Operating model
- Revenue model
- Earned-program. 82% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 83
- Accountability: 91
- Sustainability: 65
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 52.2%; rating input score 52
- Program expense ratio: 72.4%; rating input score 72
- Fundraising efficiency: $56.18 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 16.7%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 5.89; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.74; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 5.3%; rating input score 55; 55th percentile among comparable filings
Growth
- Program expense growth: 4.2% per year; rating input score 100; 33rd percentile among comparable filings
- Revenue growth: 4.2% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: 6% per year; rating input score 100; 42nd percentile among comparable filings
Details
- Where the money goes: 52.2% of revenue deployed · 72.4% of spending went to programs
- Governance: 16 of 16 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $15.7M in reported program spending
- Leadership: top reported pay $258K · 26 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.3M reported
- Consistency: 38 of 38 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 14 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.
- Review — Financial Efficiency: Mission deployment rate scored 52/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Liabilities to assets ratio scored 13/100.
- Review — Sustainability: Officer compensation ratio scored 55/100.