Multi-faith Retirement Services

Nonprofit profile at a glance

EIN
720809402
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Shreveport, LA, USA
Phone
3182122000
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Affiliation
Interfaith

Official website

Reported finances

Revenue
$12,748,444
Expenses
$14,232,170
Assets
$10,033,936
Liabilities
$5,133,793

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • JERRY A FIELDER II (PRESIDENT/CEO/TRUSTEE)

Highest reported compensation

  • JERRY A FIELDER II (PRESIDENT/CEO/TRUSTEE): $1,235,962 total reported compensation
  • PIERRE V BLANCHARD IV MD (TRUSTEE/PHYSICIAN): $236,504 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Live oak is dedicated to improving the quality of life of senior adults. We promote health and well-being by providing a vibrant, multifaith continuing care community offering services to engage spiritual, social and physical needs.

What it reported doing in 2024

Providing housing, healthcare and other related services to the elderly through the operation of a retirement community consisting of 112-staffed bed skilled nursing facility and 119 independent living units. The center provided 29,565 days of nursing services during the fiscal year ending september 30,2025, which is an average of 81 patients per day. The center's independent living had a total of 40,150 resident days during the fiscal year ended september 30, 2025, which is an average of 110 residents per day.

Operating model

Revenue model
Earned-program. 96% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 88
  • Accountability: 59
  • Sustainability: 26
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.1%; rating input score 87
  • Program expense ratio: 78%; rating input score 78
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: Missing
    • 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: Limited
  • Related-party transparency: Scored; rating input score 0

Accountability

  • Independent voting board: 30%; rating input score 30; 7th percentile among comparable filings
  • Governance controls: 8 of 8 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -11.6%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 0.71; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: 0.51; rating input score 28; 28th percentile among comparable filings
  • Officer compensation ratio: 0.3%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 0.3% per year; rating input score 100; 12th percentile among comparable filings
  • Revenue growth: 1.1% per year; rating input score 100; 12th percentile among comparable filings
  • Asset growth: -4.7% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 87.1% of revenue deployed · 78% of spending went to programs
  • Governance: 3 of 10 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $11.1M in reported program spending
  • Leadership: top reported pay $1.2M · 10 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $369K reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 7 filed schedules · includes executive pay and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Accountability: Independent voting board scored 30/100.
  • High — Sustainability: Operating margin scored 9/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 28/100.