LifeSpire of Virginia
Legal name: Lynchburg Baptist Retirement Community Llc
Nonprofit profile at a glance
- EIN
- 871532163
- IRS 990 coverage
- 2022–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Glen Allen, VA, USA
- Phone
- (804) 521-9214
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
- Affiliation
- Christianity
Reported finances
- Revenue
- $10,042,367
- Expenses
- $11,276,999
- Assets
- $181,772,805
- Liabilities
- $182,865,279
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
26 people listed
Executive titles in this filing
- JONATHAN COOK (PRESIDENT & CEO)
- KRISTI MARTIN (EXECUTIVE DIRECTOR)
Highest reported compensation
- JONATHAN COOK (PRESIDENT & CEO): $760,478 total reported compensation
- TRACEY JENNINGS (COO): $439,978 total reported compensation
- LISA LEGEER (CSO): $405,475 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
LifeSpire of Virginia is committed to positively impacting the localities in which each of our senior living communities lie. LifeSpire of Virginia is composed of five nonprofit Life Plan senior living communities, the VBH Foundation, which provides financial assistance to help cover the cost of care for residents who have outlived their financial resources, and AgeSmart, an innovative program that allows healthy, independent seniors to age in place in their own homes with the peace of mind of knowing they’ll have assured access to the care services they might need in the future. Contact Our Team Older couple sitting on a sofa in a cozy living room with a cityscape painting behind them.
What it reported doing in 2024
Lynchburg baptist retirement community (aka the summit) is a senior living community providing an environment for each resident to be engaged in life. The summit uses a balanced approach to nurture heart and soul, body, and mind. At the summit, residents are offered a variety of living arrangements, from independent living, to assisted living and skilled nursing. Residents are also provided with a variety of dining, recreational, social, and health/wellness amenities. In short, the summit provides its residents with all the amenities to help them live a full and happy retirement life.
Operating model
- Revenue model
- Other-operating. 95% of the money available for current operations came from other operating 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: 87
- Transparency & Controls: 77
- Accountability: 100
- Sustainability: 37
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 94%; rating input score 94
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- 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; 72nd percentile among comparable filings
- Major donor itemization: Limited
- 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: -12.3%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 16.12; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 1.01; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 6.5%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 16.8% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 11.4% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: 56.8% per year; rating input score 100; 99th percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 100% of revenue deployed · 94% of spending went to programs
- Governance: 17 of 17 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $10.6M in reported program spending
- Leadership: top reported pay $760K · 26 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.2M reported
- Consistency: 31 of 31 current checks pass
- Schedules: 8 filed schedules · includes grants and executive pay
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 7 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: Operating margin scored 8/100.
- High — Sustainability: Liabilities to assets ratio scored 6/100.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.