LifeSpire of Virginia
Legal name: Newport News Baptist Retirement Community Inc
Nonprofit profile at a glance
- EIN
- 521368408
- IRS 990 coverage
- 2010–2024
- 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
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Supportive Housing for Older Adults
- Affiliation
- Christianity
Reported finances
- Revenue
- $31,243,427
- Expenses
- $31,723,628
- Assets
- $43,437,529
- Liabilities
- $117,554,186
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
29 people listed
Executive titles in this filing
- JONATHAN COOK (PRESIDENT & CEO)
- DAVID LOOP (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—through dedicated service, community engagement, and monetary donations, our teams strive to enhance not only the well-being of our residents, but also the broader communities we call home.
What it reported doing in 2024
We were able to provide both residential and health care services to our residents, some of whom are unable to cover the full cost of their care. We provided $271,505 in subsidies and indigence allowances to our residents in 2024, pertaining to 9 residents.
Operating model
- Revenue model
- Other-operating. 94% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 99% 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 assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 75
- Accountability: 100
- Sustainability: 33
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.9%; rating input score 93
- Program expense ratio: 91.3%; rating input score 91
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd 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; 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: -1.5%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 1.37; rating input score 48; 48th percentile among comparable filings
- Liabilities to assets ratio: 2.71; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 4.1%; rating input score 58; 58th percentile among comparable filings
Growth
- Program expense growth: 2.9% per year; rating input score 100; 25th percentile among comparable filings
- Revenue growth: 3.1% per year; rating input score 100; 26th percentile among comparable filings
- Asset growth: -1.3% per year; rating input score 0; 7th percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site
- Where the money goes: 92.9% of revenue deployed · 91.3% of spending went to programs
- Governance: 17 of 17 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $29M in reported program spending
- Leadership: top reported pay $760K · 29 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $7.1M reported
- Consistency: 29 of 29 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 6 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 25/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- Review — Sustainability: Officer compensation ratio scored 58/100.