Civic Intelligence

Lenbrook Square Foundation Inc

EIN 58-1416841 • 501(c)3 • Atlanta, GA

Profile

Mission: We engage together every day, nurturing an exceptional community where individuals can pursue connection, well-being and fulfillment. Vision: To be recognized as the most desirable senior living community in the Southeast. Lenbrook strives to lead the way by providing outstanding resident services and award winning facilities uniquely aligned to enrich and fulfill the diverse needs of a vibrant adult community in one elegant setting.

3747 Peachtree Road NEAtlanta, GA 30319

www.lenbrook-atlanta.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.31x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2023

Liabilities / Revenue

95th percentile

7.61x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2023

Net Margin

21st percentile

-4.5%

Higher net margin than 21% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2023

Top Officer Pay

32nd percentile

$513,893

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2021

Asset Growth

22nd percentile

-0.9%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Revenue Growth

54th percentile

8.2%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Assets

Down

$300,044,746

Down $246,654 (-0.1%) from 2024

Liabilities

Down

$384,371,621

Down $4,139,328 (-1.1%) from 2024

Net Assets

Up

-$84,326,875

Up $3,892,674 (+4.4%) from 2024

Revenue

Up

$57,673,303

Up $3,489,780 (+6.4%) from 2024

Expenses

Up

$56,096,567

Up $2,372,919 (+4.4%) from 2024

Net Income

Up

$1,576,736

Up $1,116,861 (+243%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400M$200M$0-$200MAssets 2010: $182,109,621Liabilities 2010: $212,148,705Net Assets 2010: -$30,039,0842010Assets 2011: $173,379,016Liabilities 2011: $207,076,267Net Assets 2011: -$33,697,2512011Assets 2012: $172,647,755Liabilities 2012: $207,786,335Net Assets 2012: -$35,138,5802012Assets 2013: $172,420,070Liabilities 2013: $206,792,650Net Assets 2013: -$34,372,5802013Assets 2014: $179,005,588Liabilities 2014: $248,896,969Net Assets 2014: -$69,891,3812014Assets 2015: $179,620,536Liabilities 2015: $251,157,794Net Assets 2015: -$71,537,2582015Assets 2016: $182,251,907Liabilities 2016: $254,500,105Net Assets 2016: -$72,248,1982016Assets 2017: $180,730,532Liabilities 2017: $255,218,541Net Assets 2017: -$74,488,0092017Assets 2018: $180,567,347Liabilities 2018: $256,057,742Net Assets 2018: -$75,490,3952018Assets 2019: $193,860,940Liabilities 2019: $270,559,992Net Assets 2019: -$76,699,0522019Assets 2020: $225,580,593Liabilities 2020: $305,600,274Net Assets 2020: -$80,019,6812020Assets 2021: $280,857,876Liabilities 2021: $362,849,887Net Assets 2021: -$81,992,0112021Assets 2022: $291,448,667Liabilities 2022: $379,817,566Net Assets 2022: -$88,368,8992022Assets 2023: $288,832,262Liabilities 2023: $379,484,834Net Assets 2023: -$90,652,5722023Assets 2024: $300,291,400Liabilities 2024: $388,510,949Net Assets 2024: -$88,219,5492024Assets 2025: $300,044,746Liabilities 2025: $384,371,621Net Assets 2025: -$84,326,8752025

Highlighted filing

2025

Assets$300,044,746
Liabilities$384,371,621
Net Assets-$84,326,875

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $27,822,8342010Expenses 2011: $27,617,8152011Expenses 2012: $28,725,8462012Expenses 2013: $29,582,1002013Revenue 2014: $28,911,859Expenses 2014: $31,380,950Net Income 2014: -$2,469,0912014Revenue 2015: $30,937,791Expenses 2015: $32,573,565Net Income 2015: -$1,635,7742015Revenue 2016: $32,369,844Expenses 2016: $33,500,161Net Income 2016: -$1,130,3172016Revenue 2017: $33,013,046Expenses 2017: $35,200,568Net Income 2017: -$2,187,5222017Revenue 2018: $33,656,213Expenses 2018: $34,173,023Net Income 2018: -$516,8102018Revenue 2019: $34,798,005Expenses 2019: $36,609,757Net Income 2019: -$1,811,7522019Revenue 2020: $38,157,247Expenses 2020: $41,204,498Net Income 2020: -$3,047,2512020Revenue 2021: $38,187,101Expenses 2021: $42,095,664Net Income 2021: -$3,908,5632021Revenue 2022: $46,078,205Expenses 2022: $47,368,687Net Income 2022: -$1,290,4822022Revenue 2023: $49,872,718Expenses 2023: $52,130,261Net Income 2023: -$2,257,5432023Revenue 2024: $54,183,523Expenses 2024: $53,723,648Net Income 2024: $459,8752024Revenue 2025: $57,673,303Expenses 2025: $56,096,567Net Income 2025: $1,576,7362025

Highlighted filing

2025

Revenue$57,673,303
Expenses$56,096,567
Net Income$1,576,736

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$300$384$84.3$57.7$56.1$1.58
2024Detailed filing. Detailed filing data is available for this year.$300$389$88.2$54.2$53.7$0.46
2023Detailed filing. Detailed filing data is available for this year.$289$379$90.7$49.9$52.1$2.26
2022Detailed filing. Detailed filing data is available for this year.$291$380$88.4$46.1$47.4$1.29
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$281$363$82.0$38.2$42.1$3.91
2020Detailed filing. Detailed filing data is available for this year.$226$306$80.0$38.2$41.2$3.05
2019Detailed filing. Detailed filing data is available for this year.$194$271$76.7$34.8$36.6$1.81
2018Detailed filing. Detailed filing data is available for this year.$181$256$75.5$33.7$34.2$0.52
2017Detailed filing. Detailed filing data is available for this year.$181$255$74.5$33.0$35.2$2.19
2016Detailed filing. Detailed filing data is available for this year.$182$255$72.2$32.4$33.5$1.13
2015Detailed filing. Detailed filing data is available for this year.$180$251$71.5$30.9$32.6$1.64
2014Detailed filing. Detailed filing data is available for this year.$179$249$69.9$28.9$31.4$2.47
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$172$207$34.4$29.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$173$208$35.1$28.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$173$207$33.7$27.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$182$212$30.0$27.8
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
May 15, 2026
Return Version
2024v5.2
Gross Receipts
$80,010,372
Mission and Program Overview

Mission

Mission: to enable our residents to enjoy the gifts of independence, good health, and personal fulfillment to the fullest extent possible through lenbrook's many programs and services. Vision: to be recognized as the most desirable senior living community in the southeast. This is because lenbrook leads the way by providing outstanding resident services and award winning facilities uniquely aligned to enrich and fulfill the diverse needs of a vibrant adult community in one elegant setting.

General operation of a continuing care retirement community providing housing and services for the elderly. We engage together every day nurturing an exceptional community where individuals can pursue connection, well-being and fulfillment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$201,230,666$199,844,381▼ $1,386,285
Investments in Publicly Traded Securities$55,382,280$65,367,241▲ $9,984,961
Savings and Temporary Cash Investments$39,325,877$29,812,300▼ $9,513,577
Accounts Receivable$1,629,824$2,292,232▲ $662,408
Pledges and Grants Receivable$680,000$670,000▼ $10,000
Prepaid Expenses and Deferred Charges$96,876$263,625▲ $166,749
Inventories for Sale or Use$37,758$50,089▲ $12,331
Cash and Non-Interest-Bearing Accounts$103$103→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$300,291,400$300,044,746▼ $246,654
Other Assets Total$1,908,016$1,744,775▼ $163,241
Liabilities
Deferred Revenue$283,715,331$287,021,462▲ $3,306,131
Tax Exempt Bond Liabilities$70,685,000$70,685,000→ $0
Mortgage Notes Payable Secured by Investment Property$23,775,764$18,554,619▼ $5,221,145
Accounts Payable and Accrued Expenses$8,877,676$6,319,552▼ $2,558,124
Other Liabilities$1,457,178$1,790,988▲ $333,810
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$388,510,949$384,371,621▼ $4,139,328
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,594,869$1,609,234▲ $14,365
Net Assets Without Donor Restrictions$-89,814,418$-85,936,109▲ $3,878,309
Total Net Assets Fund Balance$-88,219,549$-84,326,875▲ $3,892,674
Total Liabilities and Net Assets / Fund Balance$300,291,400$300,044,746▼ $246,654

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$139,770,595$94,445,717$234,216,312
Leasehold Improvements$27,551,716$9,428,932$36,980,648
Land$21,696,031-$21,696,031
Other Land Buildings$8,124,931$4,818,970$12,943,901
Equipment$2,701,108$5,140,198$7,841,306

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,594,869$330,120-$84,218$1,609,234
2023$1,492,028$265,108-$78,614$1,594,869
2022$2,080,697$709,877-$1,241,269$1,492,028
2021$1,982,063$381,254-$259,622$2,080,697
2020$1,793,831$505,546-$317,314$1,982,063
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christopher M KeysorPresident/CEOFT$466,470$382,979$849,449
Felicia SvedaCOOFT$357,182$269,774$626,956
Leslie a DoveVP of Finance/CFOFT$319,245$224,401$543,646
Nettie R ThrashVP Health SvcsFT$176,669$89,391$266,060
Allison B PerryVP Sales/MarketingFT$174,211$86,470$260,681
Joe GoodwinVP Community ServicesFT$145,485$101,223$246,708
Carlos VazquezVP Human ResourcesFT$155,281$80,043$235,324
Stephen WestVP Community LifeFT$162,478$38,400$200,878
Laura STEULDirector of AccountingFT$153,740$35,071$188,811
Michael C McdanielSpec Director of Construction Proj-$128,589$57,197$185,786
Krista CosgroveDirector-$6,500-$6,500
Karen K RennerDirector-$6,000-$6,000
Philip SearlesVice Chair-$6,000-$6,000
Richard E AlcalaDirector-$6,000-$6,000
Caroline DuffyDirector-$6,000-$6,000
Elizabeth ClubbDirector-$6,000-$6,000
Huanbaio MoDirector-$6,000-$6,000
Jerome RussellDirector-$6,000-$6,000
Jerry WarshawDirector-$6,000-$6,000
Sarah BattsDirector-$6,000-$6,000
Shari Campbell LotzChair-$6,000-$6,000
David H WilliamsDirector-$2,500-$2,500

Highest Paid Contractors

ContractorServicesLocationCompensation
Healthpro Heritage LLCTherapy/rehab SvcsPO BOX 69268, Baltimore, MD 21264$918,894
Thw DesignArchitects2100 RIVEREDGE PKWY STE 900, Atlanta, GA 30328$570,913
Metro Waterproofing IncPressure washingPO Box 867 2935 Alcove Drive, Scottdale, GA 30079$479,238
Pico VoltElectrical257 E Montgomery Street, Villa Rica, GA 30180$416,606
Clinical Resources LLCContract Nursing3408 Clairmont Road 155, Brookhaven, GA 30319$314,877
Revenue and Support

Revenue Composition

Contributions and Grants
$1,971,166
Program Service Revenue
$52,422,116
Investment Income
$3,212,287
Other Revenue
$67,734
All Other Contributions
$1,971,166
Change in Net Assets
$1,576,736
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$30,859,850
Salaries, Compensation, and Employee Benefits$24,992,180
Total Fundraising Expense$2,510,960
Grants and Similar Amounts Paid$244,537
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$16,308,231$1,524,346$1,042,953$18,875,530
Depreciation Depletion$10,093,629$102,812-$10,196,441
Interest$4,755,427$48,035-$4,803,462
Occupancy$3,442,961$623,055$71,108$4,137,124
Fees for Services Other$2,740,949$575,174$241,374$3,557,497
Current Officers, Directors, Trustees, and Key Employees$1,323,498$1,010,798$88,125$2,422,421
Other Employee Benefits$1,682,845$170,656$99,787$1,953,288
Payroll Taxes$1,097,182$324,105$70,007$1,491,294
Office Expenses$1,119,825$323,231$15,938$1,458,994
All Other Expenses$424,428$802,801$136,507$1,363,736
Advertising$7,279-$712,474$719,753
Pension Plan Contributions$228,840$20,807-$249,647
Grants to Domestic Individuals$231,537--$231,537
Travel$163,375$4,090$389$167,854
Other Expenses$139,719$274,529$32,298$139,719
Fees for Service Investment Mgmnt Fees-$108,668-$108,668
Fees for Services Legal-$88,100-$88,100
Fees for Services Accounting-$79,540-$79,540
Grants to Domestic Orgs$13,000--$13,000
Total Functional Expenses$47,504,860$6,080,747$2,510,960$56,096,567
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Backpack Buddies of Metro AtlantaDunwoody, GA501(c)(3)PROVIDE WEEKEND MEALS TO CHILDREN: TO SUPPORT THE MISSION OF THE BACKPACK BUDDIES OF METRO ATLANTA ORGANIZATION. TO PROVIDE WEEKEND MEALS TO FOOD-INSECURE CHILDREN IN METRO ATLANTA TO ENHANCE THEIR MENTAL AND PHYSICAL HEALTH AS WELL AS THEIR ABILITY TO LEARN.$13,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Substantial ContributorIndependent ContractorServices, FoodNo$3,311,648

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Priority Reservation Agreemt$1,790,988

Bond Issues

BondIssuerIssuedIssue PricePurpose
ARes Care Facil for the Elderly Auth Fulton Cty Ga2016-10-20$95,252,980SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$96,493,779$88,502,245$15,590,000$1,657,704

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 Review Process-form 990, Part VI, Sec B, Line 11A

The organization's form 990 is reviewed by the cfo, ceo, accounting director and members of the finance committee. Changes are made, if applicable, and a copy of the reviewed form 990 is distributed to board members prior to filing.

Conflict of Interest Policy-form 990, Part VI, Sec B, Line 12C

The organization has a conflict of interest policy which defines a conflict of interest, explains how disclosure of potential conflicts should be facilitated and the procedures to manage conflicts. Annually, board members are required to reaffirm in writing their interest to continue on the board and their knowledge of our conflict of interest policy and recusal form if they perceive they may have a potential conflict.

Compensation Policy-form 990, Part VI, Sec B, Line 15A and 15B

The organization has a compensation policy for officers and key employees which outlines the review and approval process, the use of comparable data and the recording of compensation decisions. The compensation committee of the board reviews and approves recommendations of compensation for key employees, comparable market data and lenbrook's compensation plan.

Information Available to Public-form 990, Part VI, Sec C, Line 19

The organization provides a copy of governing documents, conflict of interest policy and financial statements to the public upon request. Documents are made available by arrangement with the individual.

Filing and Contact Details

Filer

Filer Name
Lenbrook Square Foundation Inc
EIN
58-1416841
In Care Of
% LESLIE DOVE
Phone
4042333000
Address
3747 PEACHTREE ROAD NE, ATLANTA, GA 30319

Signing Officer

Name
Leslie Dove
Title
CFO/VP of Finance
Phone
4042333000
Signed
2026-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Keysor CEO
Formed
1980
Legal Domicile
Ga
Voting Board Members
12
Independent Board Members
12
Employees
493
Volunteers
0

Preparer

Firm
Smith & Howard Advisory LLC
Address
271 17TH STREET NW SUITE 2100, ATLANTA, GA 30363
Preparer
Marc a Azar CPA
Phone
4048746244
Supplemental Narrative

Financial Statement Notes

Uses for Endowment Funds

The endowment funds are used to enhance resident engagement and quality of life. They may also be used for associate education and hardship.

Asc 740

Lenbrook is a nonprofit organization exempt from federal income taxes under section 501(c)(3) of the internal revenue code. Lenbrook's wholly-owned subsidiary, menders, pays income taxes based on reported income before income taxes. Management has determined that a provision or liability for income taxes is not significant through june 30, 2025. The foundation annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the foundation takes meet the definition of an uncertain tax position under the income taxes topic of the financial accounting standards codification. In the normal course of business, the foundation is subject to examination by the federal and state taxing authorities. In general, the foundation is no longer subject to tax examinations for the tax years ending before june 30, 2022.

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IRS990/Desc0GENERAL OPERATION OF CONTINUING CARE FACILITY PROVIDING HOUSING AND SERVICES FOR THE ELDERLY, AVERAGING 541 RESIDENTS PER DAY. THE COMMUNITY INCLUDES A 17-STORY BUILDING CONTAINING 209 RESIDENTIAL UNITS, 16 PERSONAL CARE UNITS, A 24-STORY BUILDING CONTAINING 140 RESIDENTIAL UNITS AND A 60-BED SKILLED NURSING CARE UNIT, A 5-STORY BUILDING CONTAINING 39 RESIDENTIAL UNITS AND 14 RESIDENCES IN 3 SEPARATE VILLAS, ALONG WITH VARIOUS ADMINISTRATIVE, DINING AND RECREATIONAL AMENITIES.
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IRS990/MissionDesc0Mission: We engage together every day, nurturing an exceptional community where individuals can pursue connection, well-being and fulfillment. Vision: To be recognized as the most desirable senior living community in the Southeast. Lenbrook strives to lead the way by providing outstanding resident services and award winning facilities uniquely aligned to enrich and fulfill the diverse needs of a vibrant adult community in one elegant setting.
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