Lifespace Communities
Legal name: Lifespace Communities Inc
Nonprofit profile at a glance
- EIN
- 421068850
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Dallas, TX, United States
- Phone
- 515.288.5805
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Supportive Housing for Older Adults
Reported finances
- Revenue
- $391,189,293
- Expenses
- $447,701,513
- Assets
- $1,338,142,264
- Liabilities
- $1,772,852,798
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- JESSE JANTZEN (PRESIDENT & CEO)
- MARYANN GILLETTE (SENIOR VICE PRESIDENT SALES)
Highest reported compensation
- JESSE JANTZEN (PRESIDENT & CEO): $1,302,737 total reported compensation
- NICHOLAS HARSHFIELD (CHIEF FINANCIAL OFFICER): $721,949 total reported compensation
- NIKKI KRESSE (CHIEF EXPERIENCE & PEOPLE OFFICER): $681,827 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Celebrate and support seniors through a full continuum of care (Life Care) and community experiences focused on hospitality, attentiveness, and authenticity; residents are empowered to choose what they want and Life Care stands behind a financially stable, operationally sound senior living system.
What it reported doing in 2024
Lifespace communities, inc. Owns sixteen different communities (5 in fl, 4 tx, 3 in il, 1 in mn, ks, pa, and wi) which provide apartments and health care for retired persons. Residents pay an initial entrance fee and monthly fees thereafter which entitle them to the use of the community for life and unlimited use of the health center. Residents do not acquire title of the property.
Operating model
- Revenue model
- Earned-program. 95% 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. Expenses are high relative to revenue and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 93
- Accountability: 100
- Sustainability: 32
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 87.8%; rating input score 88
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 98.2%; rating input score 98; 34th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 77th 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: -14.4%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 2.99; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 1.32; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 1.8%; rating input score 59; 59th percentile among comparable filings
Growth
- Program expense growth: 7.4% per year; rating input score 100; 60th percentile among comparable filings
- Revenue growth: 4.1% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: 7% per year; rating input score 100; 51st percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site
- Where the money goes: 100% of revenue deployed · 87.8% of spending went to programs
- Governance: 11 of 11 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $393M in reported program spending
- Leadership: top reported pay $1.3M · 28 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $75.1M reported
- Consistency: 35 of 36 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 30 filed money-flow records
- Related organizations: 11 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 5/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Officer compensation ratio scored 59/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.