Legacy Willow Bend is a senior residential care facility based in Plano, TX that was founded in 2005. As of 2018 they had $20 million in revenue and $84 million in assets.
The Legacy Willow Bend is the only Life Care Retirement Community in Plano, offering a full continuum of care which includes Independent Living, Assisted living, Memory Care, Skilled Nursing and Rehabilitation services.
Previous legal names or variations of their name include: The Legacy At Willow Bend Retirement Community.
EIN:
20-2803956
City:
State:
Metro:
Website:
Phone:
972-468-6171
Twitter:
Founded:
2005
Type:
501(c)(3)
NTEE:
Revenue:
$20,340,393
Assets:
$84,080,325
Employees:
413
Fiscal year end:
September
Program areas at Legacy Willow Bend
1.Operated an independent living facility for the benefit of its residents. Provided all of the services necessary for an independing living facility, including dining, lifestyle, housekeeping and maintenance services. 2. Operated an assisted living facility for the benefit of its residents. Provided all of the services necessary for an assisted living facility, including dining, lifestyle, nursing, housekeeping and maintenance services. 3. Operated a nursing facility for the benefit of its patients. Provided all of the services necessary for a nursing facility, including dining, lifestyle, rehabilitation, housekeeping and maintenance services.
Form 990s for Legacy Willow Bend
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2018-09 | Oct 18, 2019 | 990 | View PDF |
| 2017-09 | Nov 15, 2018 | 990 | View PDF |
| 2016-09 | Oct 17, 2017 | 990 | View PDF |
| 2015-09 | Oct 19, 2016 | 990 | View PDF |
| 2014-09 | Sep 15, 2015 | 990 | View PDF |
| ...and five more Form 990 PDFs |
Financials for Legacy Willow Bend
| Field | 2018 | 2017 | % Change |
|---|
| Federated campaigns | $0 | $0 | |
| Membership dues | $0 | $0 | |
| Fundraising event contributions | $0 | $0 | |
| Related organizations | $0 | $0 | |
| Government grants (contributions) | $0 | $0 | |
| Normal grants, contributions, etc. | $34,403 | $148,239 | -76.8% |
| <em>Non-cash contributions included in above</em> | $0 | $0 | |
| Total grants, contributions, etc. | $34,403 | $148,239 | -76.8% |
| Field | 2018 | 2017 | % Change |
|---|
| Total grants, contributions, etc. | $34,403 | $148,239 | -76.8% |
| Program services | $18,865,813 | $18,974,497 | -0.6% |
| Investment income and dividends | $468,245 | $376,839 | 24.3% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $0 | $0 | |
| Net rental income | $0 | $0 | |
| Net gain from sale of non-inventory assets | $-57,334 | $-4,346 | -1219.2% |
| Net income from fundraising events | $0 | $0 | |
| Net income from gaming activities | $0 | $0 | |
| Net income from sales of inventory | $0 | $0 | |
| Miscellaneous revenues | $1,029,266 | $1,093,512 | -5.9% |
| Total revenues | $20,340,393 | $20,588,741 | -1.2% |
| Field | 2018 | 2017 | % Change |
|---|
| Grants to govts. and orgs. in USA | $0 | $0 | |
| Grants to individuals in USA | $0 | $0 | |
| Grants to govts., orgs., and individuals outside USA | $0 | $0 | |
| Benefits paid to or for members | $0 | $0 | |
| Compensation of current officers, etc. | $0 | $183,136 | -100% |
| Compensation not included above, to disqualified persons | $0 | $0 | |
| Non-officer salaries and wages | $7,774,144 | $6,880,038 | 13.0% |
| Pension/retirement accruals and contributions | $98,245 | $48,762 | 101.5% |
| Other employee benefits | $527,214 | $878,473 | -40.0% |
| Payroll taxes | $568,490 | $558,413 | 1.8% |
| Management fees | $716,067 | $801,465 | -10.7% |
| Legal fees | $66,260 | $37,982 | 74.5% |
| Accounting fees | $33,246 | $26,871 | 23.7% |
| Lobbying fees | $0 | $0 | |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $41,292 | $39,014 | 5.8% |
| Other fee-for-service | $2,210,891 | $0 | 999% |
| Advertising and promotion | $307,611 | $231,207 | 33.0% |
| Office expenses | $284,764 | $156,383 | 82.1% |
| Information tech. expenses | $63,213 | $58,262 | 8.5% |
| Royalty expenses | $0 | $0 | |
| Occupancy | $1,000,971 | $0 | 999% |
| Travel | $32,943 | $0 | 999% |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $18,007 | $0 | 999% |
| Interest | $1,877,051 | $1,842,635 | 1.9% |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $2,328,271 | $2,172,835 | 7.2% |
| Insurance | $329,274 | $219,700 | 49.9% |
| All other expenses | $2,557,176 | $5,872,612 | -56.5% |
| Total expenses | $20,835,130 | $20,007,788 | 4.1% |
| Field | 2018 | 2017 | % Change |
|---|
| Cash (non-interest-bearing) | $281,166 | $684,182 | -58.9% |
| Savings, short-term investments, etc. | $4,341,313 | $20,204,071 | -78.5% |
| Pledges and grants receivable | $0 | $0 | |
| Accounts receivable | $2,014,097 | $3,432,877 | -41.3% |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Loans receivable from other disqualified persons | $0 | $0 | |
| Notes and loans receivable | $0 | $0 | |
| Inventories for use | $53,080 | $56,290 | -5.7% |
| Prepaid expenses and deferred charges | $128,239 | $85,841 | 49.4% |
| Buildings, equipment, etc. post-depreciation | $59,759,288 | $58,451,442 | 2.2% |
| Investments, publicly traded securities | $17,503,142 | $0 | 999% |
| Investments, other securities | $0 | $0 | |
| Investments, program-related | $0 | $0 | |
| Intangible assets | $0 | $0 | |
| Other assets | $0 | $2,212,037 | -100% |
| Total assets | $84,080,325 | $85,126,740 | -1.2% |
| Field | 2018 | 2017 | % Change |
|---|
| Accounts payable and accrued expenses | $1,575,733 | $1,626,721 | -3.1% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $0 | $0 | |
| Tax-exempt bond liabilities | $47,766,655 | $48,577,487 | -1.7% |
| Escrow or custodial account liability | $0 | $0 | |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $0 | $0 | |
| Unsecured notes and loans payable to unrelated third parties | $0 | $0 | |
| Other liabilities | $51,840,649 | $51,075,889 | 1.5% |
| Total liabilities | $101,183,037 | $101,280,097 | -0.1% |
| Field | 2018 | 2017 | % Change |
|---|
| Unrestricted net assets | $-17,103,931 | $-16,154,576 | -5.9% |
| Temporarily restricted net assets | $1,219 | $1,219 | 0% |
| Permanently restricted net assets | $0 | $0 | |
Vendors for Legacy Willow Bend
| Vendor | Services | Amount paid | Date |
|---|
| Kimbia | Fundraising software | | 2020-02-20 |
| ███████ ███ ████ | Fundraising software; Payment processing | | 2020-02-20 |
| █████████ | Content management system software | | 2020-02-20 |
| █████ █ █████████ ███ ██████████ ██ | Tax accounting | | 2019-10-18 |
| ██████ █████████ ███ | Mechanical | $411,931 | 2018-09-01 |
| ████████ ███████████ ████████ ██ | Roof Repair | $4,114,974 | 2018-09-01 |
| ████████ ███ | Pharmaceutical | $541,854 | 2018-09-01 |
| █████████ █████ ███ | Therapy | $1,377,850 | 2018-09-01 |
| ...and one more vendors |
Personnel at Legacy Willow Bend
| Name | Title | Compensation | Most recent data |
|---|
| Melissa Also Served | President and Chief Executive Officer | - | June 22, 2019 |
| Melissa Orth | Chief Executive Officer | $0 | June 22, 2019 |
| █████ ██████ | Chief Financial Officer and Chief Operating Officer | $0 | Sept. 30, 2018 |
| ███████ ██████ | Chief Financial Officer | $0 | Oct. 18, 2019 |
| ██████ ████ | Chief Marketing Officer | - | June 22, 2019 |
| ███████ ███████ | Executive Director | - | June 22, 2019 |
| ██████ ███████ | Director of Development | - | June 22, 2019 |
| █████ ████████ | Director of Human Resources | - | June 22, 2019 |
| ██████ █████ | Controller | $0 | Sept. 30, 2018 |
| ███████ ██████ | Past LWB Executive Director | $108,402 | Sept. 30, 2018 |
| ...and four more key personnel |
Peer senior supportive residential care facilities
| | Name | Type | Revenue | Location |
|---|
| 1 | John Knox Villages of the Lower Rio Grande Valley | 501(c)(3) | $6.9 million | Weslaco, TX |
| 2 | Mesa Springs Retirement Village | 501(c)(3) | $6.7 million | Abilene, TX |
| 3 | Craig Methodist Retirement Community | 501(c)(3) | $13 million | Abilene, TX |
| 4 | Barrington of Carmel | 501(c)(3) | $18 million | Addison, TX |
| 5 | C. C. Young Memorial Home | 501(c)(3) | $34 million | Dallas, TX |
| 6 | Blue Skies of Texas (BST) | 501(c)(3) | $8.4 million | San Antonio, TX |
| 7 | Alzheimer's Care and Research Center Foundation | 501(c)(3) | $6.1 million | San Antonio, TX |
| 8 | Christian Care Senior Living Communities | 501(c)(3) | $36 million | Mesquite, TX |
| 9 | MRC TownCreek | 501(c)(3) | $8.0 million | The Woodlands, TX |
| 10 | MRC Cornerstone | 501(c)(3) | $10 million | The Woodlands, TX |
| 11 | Blue Skies of Texas West | 501(c)(3) | $23 million | San Antonio, TX |
| 12 | BST Health Services Corporation | 501(c)(3) | $18 million | San Antonio, TX |
| 13 | Crestview | 501(c)(3) | $13 million | The Woodlands, TX |
| 14 | Presbyterian Manor | 501(c)(3) | $12 million | Wichita Falls, TX |
| 15 | EdenHill Communities | 501(c)(3) | $34 million | New Braunfels, TX |
| 16 | Sears Permian Retirement Corporation | 501(c)(3) | $7.5 million | Abilene, TX |
| 17 | Manor Park | 501(c)(3) | $28 million | Midland, TX |
| 18 | Mirador | 501(c)(3) | $13 million | Addison, TX |
| 19 | MRC Pinecrest (MRC) | 501(c)(3) | $12 million | The Woodlands, TX |
| 20 | Querencia at Barton Creek | 501(c)(3) | $20 million | Addison, TX |
| 21 | Highland Springs | 501(c)(3) | $49 million | Dallas, TX |
| 22 | Brazos Presbyterian Homes | 501(c)(3) | $32 million | Houston, TX |
| 23 | Presbyterian Village North | 501(c)(3) | $49 million | Dallas, TX |
| 24 | The Stayton at Museum Way | 501(c)(3) | $21 million | Addison, TX |
| 25 | Trinity Terrace / The Cumberland Rest Inc | 501(c)(3) | $41 million | Fort Worth, TX |