2 0 1 5 - 2 0 1 6 A N N U A L R E P O R T
TABLE OF CONTENTS
Letter from Chairman of the Board, President and CEO.................................................................................1
Letter from Resident Association President.................2
Lenbrook by the Numbers................................................3
Mission Matters....................................................................4
Letter from the Development Committee....................6
Stories of Impact...............................................................7
Giving.....................................................................................9
Legacy Society Members.................................................10
Tribute Gifts / Annual Donors.........................................11
2015-2016 Financial Year in Review.......................................14
Letter from Chairman of the Board and President and CEO
The Lenbrook community is made up of extraordinary people. The people who live and work at Lenbrook impact the vibrancy of the community with their diverse experiences and expertise. The social capital that each contributes creates an unparalleled sense of community. It’s truly an honor to have such a wonderful group of people join the Lenbrook community during their retirement, or choose Lenbrook as a place to build their career.
As an organization, we have 22 initiatives that the Board and management team work toward each day in an effort to fulfill our 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.
Listening to residents and associates and reflecting on their feedback is an integral component of our day-to-day work, and it has helped steer us in a strategic direction toward our three most impactful initiatives:
1. The Lenbrook Way: We talked to over 100 residents to find out what they value most at Lenbrook and used this information to guide the development of our resident satisfaction program, “The Lenbrook Way.” We invested time and resources to develop this customized, first-class program that provides our associates with the tools they need to be successful in their daily work. The Lenbrook Way is a term that has been used by our community throughout our 33-year history. Now, we have the service standards that truly define the uniqueness of our culture.
2. Enriching Services: Lenbrook is a special place, and we want to offer our residents a retirement experience that can’t be found anywhere else. We are continuing to develop innovative programs and services that enable us to deliver our mission.
3. Associate Development: Lenbrook aspires to be the type of employer where associates want to develop a long-term career. In an effort to support this desire, we offer our associates career planning assistance, guidance for goal setting, financial assistance for education through the Associate Education Fund and our operating budget; and also help them through difficult personal situations with emergency grants from the Associate Hardship Fund.
The work to lay a strong foundation for these three areas propels us from great to excellent. It’s an exciting time for the Lenbrook community, and we look forward to continuing to walk and grow on this journey together.
Best regards,
Mark Kill Chris KeysorChairman of the Board President and CEO
Lenbrook Board of Directors
2015 – 2016
Mark Kill Chairman of the Board
David H. Williams, Jr.
Vice Chairman
Jerry Warshaw
Secretary
Debbie Bishop, R.N.
John S. Day
Dick Groves
Gene Hayes, III
Glen Jackson
Shari Lotz
Tripp Rawls
Mark Kill Chairman of the Board
Chris KeysorPresident and CEO
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Letter from Resident Association President
My biggest takeaway from the past year is learning how willingly and closely the management team works with the Resident Association. Meeting the needs of 500+ residents with diverse backgrounds, physical abilities, and levels of interest is no small task! The priorities of our 2015-2016 Resident Council included: improve communication, increase participation in resident fitness programs, and ensure healthy, nutritious food is served.
We incorporated a “Did You Know?” theme at quarterly Resident Association meetings, and in the Spotlight newsletter which has resulted in increased resident involvement, and a better understanding of how and why some decisions are made by Management. The Resident Association has also been very supportive of Lenbrook’s new partnership with the National Institute for Fitness & Sport. This partnership has provided top-notch wellness programs for seniors, and participation in Fitness Center activities has blossomed. Finally, a fresh action station in the casual Bistro has been well received by residents. The action station features fresh, made-to-order dishes using healthy, seasonal ingredients.
When you strip away titles and roles and get to know everyone here at Lenbrook as individuals- both associates and residents- it’s no secret that we all want the same thing: To help people live their best life.
Sincerely,
Gracie PhillipsResident Association President 2015-2016
Resident Council 2015-2016The Resident Council presides over the following committees which are made up of over 100 resident volunteers. These committees advise Management, and their contributions play a critical and valuable role in the life of the Lenbrook community.
Building and Grounds Committee: Joe Dietrich, ChairCommunications Committee: Donna “Bear” Cochrane, ChairExcursions Committee: Jim Cochrane, ChairFood Committee: Ruth Smith, ChairFriends of the Arts Committee: Dr. Manning Pattillo, ChairHealth and Wellness Committee: Dr. Stephen Bethea, ChairHousekeeping Committee: Irma Hart, ChairLibrary Committee: Babette Rothschild, ChairNew Resident Hospitality Committee: Joanne Dietrich, ChairNewcomers Parties Committee: Mari Doyal, ChairProgram and Events Committee: Dr. Dick Colvin, ChairReligion Committee: Carleton Guptill, ChairSafety Committee: Luther House, Chair
Gracie PhillipsResident Association
President
Members at Large
Alton AdamsFran BondurantNancy Bedford
Resident Association Executive
Committee 2015 - 2016
Gracie Phillips, President
John Nixon, President-Elect
Joyce Jensen, Vice President
Dr. Dick Colvin, Immediate Past
President
Gerre Moddelmog, Secretary
Dick Stormont, Treasurer
–2–
Letter from Resident Association President
My biggest takeaway from the past year is learning how willingly and closely the management team works with the Resident Association. Meeting the needs of 500+ residents with diverse backgrounds, physical abilities, and levels of interest is no small task! The priorities of our 2015-2016 Resident Council included: improve communication, increase participation in resident fitness programs, and ensure healthy, nutritious food is served.
We incorporated a “Did You Know?” theme at quarterly Resident Association meetings, and in the Spotlight newsletter which has resulted in increased resident involvement, and a better understanding of how and why some decisions are made by Management. The Resident Association has also been very supportive of Lenbrook’s new partnership with the National Institute for Fitness & Sport. This partnership has provided top-notch wellness programs for seniors, and participation in Fitness Center activities has blossomed. Finally, a fresh action station in the casual Bistro has been well received by residents. The action station features fresh, made-to-order dishes using healthy, seasonal ingredients.
When you strip away titles and roles and get to know everyone here at Lenbrook as individuals- both associates and residents- it’s no secret that we all want the same thing: To help people live their best life.
Sincerely,
Gracie PhillipsResident Association President 2015-2016
Resident Council 2015-2016The Resident Council presides over the following committees which are made up of over 100 resident volunteers. These committees advise Management, and their contributions play a critical and valuable role in the life of the Lenbrook community.
Building and Grounds Committee: Joe Dietrich, ChairCommunications Committee: Donna “Bear” Cochrane, ChairExcursions Committee: Jim Cochrane, ChairFood Committee: Ruth Smith, ChairFriends of the Arts Committee: Dr. Manning Pattillo, ChairHealth and Wellness Committee: Dr. Stephen Bethea, ChairHousekeeping Committee: Irma Hart, ChairLibrary Committee: Babette Rothschild, ChairNew Resident Hospitality Committee: Joanne Dietrich, ChairNewcomers Parties Committee: Mari Doyal, ChairProgram and Events Committee: Dr. Dick Colvin, ChairReligion Committee: Carleton Guptill, ChairSafety Committee: Luther House, Chair
Gracie PhillipsResident Association
President
Members at Large
Alton AdamsFran BondurantNancy Bedford
Resident Association Executive
Committee 2015 - 2016
Gracie Phillips, President
John Nixon, President-Elect
Joyce Jensen, Vice President
Dr. Dick Colvin, Immediate Past
President
Gerre Moddelmog, Secretary
Dick Stormont, Treasurer
–2–
Lenbrook by the Numbers:
Number of residents
2012
2013
2014
2015
2016
428
459
494
497
490
Independent Living occupancy rate
2012 2013 2014 2015 2016
75% 80% 88% 96% 96%
–3–
“I am always excited to support Lenbrook as it has the best management team and the best residents in Atlanta. I feel like I am investing in my own future as an Advantage Club member and a member of the Legacy Society, and I plan to live here in the future with many of my friends.”
– John Day, Past Chairman of the Board, Legacy Society member, and Advantage Club member
–4–
Mission Matters
At Lenbrook, there are many initiatives and differentiators that will enable Lenbrook to fully realize our 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.
Lenbrook is Atlanta’s only Life Plan Community to achieve national accreditation by CARF, the Commission on Accreditation of Rehabilitative Facilities, for a total of 20 consecutive years.
Lenbrook provides a comprehensive plan for health services, which is one of the community’s most attractive features to residents and their families. These on-site health services are designed to meet a variety of needs and they are all found under one roof which offers a tremendous peace-of-mind benefit to residents and their families.
• The Clinic is the wellness resource center and provides minor care, health education and support. • Personal Care suites are beautiful, well-appointed and offer supportive services to residents. • The Health Care Center spans three floors and includes Long-Term Care, Memory Care and Rehabilitation Services, each staffed by experienced professionals.
Lenbrook’s Health Care Center is recognized by the Centers for Medicare and Medicaid Services (CMS) as a Five Star Facility for the third year in a row. This designation signifies that Lenbrook greatly exceeds average quality in the areas of health inspection, staffing, and a broad range of quality measures. For 33 years, The Lenbrook Way is a term used endearingly by residents, associates, and other stakeholders to describe what is special about Lenbrook. In 2015, The Lenbrook Way Service Standards and foundational training program were officially rolled out to all associates in order to continue to reinforce and build on the culture of resident service and hospitality. After conducting extensive research with Lenbrook residents and associates, we concluded that outstanding resident satisfaction is dependent on having associates; who are caring, competent, and responsive in a beautiful community with appealing amenities. The Lenbrook Way foundational training provides our engaged, qualified and top-performing associates the tools to provide excellent and consistent service the way Lenbrook residents expect. Another word that is very meaningful is Enrichment, which is described as the programs and services that aren’t offered anywhere else. “Anywhere else” doesn’t necessarily refer to other retirement communities; it refers to the choice to stay in one’s house instead of moving to Lenbrook.
–5–
Mission Matters Continued
The key to Enrichment at Lenbrook is working with the residents to develop programs that are truly excellent, exposing residents to these great experiences, and then communicating the value of these programs to current and future residents. A number of indicators have suggested progress this year including increased participation and improved quality of life, all the way to a reduction of the time one takes to consider Lenbrook, which has decreased by over one year. This tells us that residents value moving to Lenbrook sooner rather than later. We are convinced that residents’ lives will be enriched greatly during that one extra year. Several of the initiatives we have accomplished this year include:
The Elite Programs: Programs which include unique resident experiences through Lenbrook’s many community partnerships. Residents have enjoyed special programs with The Booth Western Museum, The High Museum and Atlanta Symphony Orchestra, to name a few.
NIFS: Lenbrook partnered with the National Institute for Fitness & Sport to: • implement recognized senior fitness best practices for Lenbrook residents; • proactively create programs that will enhance residents’ quality of life using individual progress results and national benchmarks (e.g., fall prevention, balance, engagement score); and • provide the on-site associates access to peer interaction–other experts in the field to bring best practices to Lenbrook. This partnership provides Lenbrook residents with a win-win by providing access to knowledge and research while on-site associates cultivate a sense of community.
Signature Lenbrook Events: Resident Joyce Stephens hosted an exclusive tour of the Georgia State Capitol, which included a special invitation for Lenbrook’s very own Chaplain, Robbye Jarrell to deliver the opening invocation. The annual Fall Colors tour at Lake Rabun hosted by residents Cristina Freeman and Dick Stormont provided yet another exceptional historical, social and culinary experience. Lenbrook has many signature events that demonstrate the resident-driven culture and the impact of social capital within and outside of the community. Finally, beause the “WOW” factor of our facilities is such an important differentiator for Lenbrook,the 20-year capital plan has recently been updated to ensure all mechanical and structural items are maintained in proper working order. It is ourdesire to maintain Lenbrook’s average age of facility as one of the youngest in Atlanta.
Lenbrook Development Committee 2015 - 2016Gene Hayes, Committee Chair, Board MemberGracie Phillips, Resident Association PresidentJohn Nixon, Resident Association President-ElectJoe Hamilton, ResidentBarbara Henkel, Resident*Jane Kummel, ResidentDr. Manning Pattillo, ResidentDebbie Bishop, R.N., Board Member Mark Kill, Board ChairmanTripp Rawls, Board MemberDavid Williams, Board Vice ChairmanChris Keysor, President and CEO, ex officioDan Dornblaser, Vice President, Finance and CFO, ex officioFelecia Sveda, Vice President, Operations – Hospitality Services, ex officio
*deceased
Letter from the Development Committee
As a community, we are collectively impactful when we come together in support of residents and associates in need. We’ve seen this in action at Lenbrook over the past year through the growth of the Legacy Society; and in the ways we’ve changed the lives of associates and residents through scholarships and grants. Our primary focus this year was on the Associate Education Fund, and on recognizing planned gifts of $10,000 or more through membership in the Legacy Society.
A committed group of residents, led by resident Jane Kummel, formalized the scholarship application process and raised money for the Associate Education Fund.The outpouring of support from our residents was astounding, and the Associate Education Committee was honored to award scholarships to three deserving associates in November.
We are pleased to have welcomed seven new members to the Legacy Society this year, and sincerely appreciate their desire to create a lasting legacy at Lenbrook. The generosity of our Legacy Society donors brings great benefit to the Lenbrook community now and well into the future.
Additional stories of impact and generosity can be found on the pages ahead. We sincerely thank all our donors and residents for what they contribute to Lenbrook–in friendship, volunteering, leadership, and in giving. It is an exciting time for Lenbrook, and we are certain the days ahead are promising.
The Development Committee
–6–
Stories of Impact
Associate Hardship Fund
The Associate Hardship Fund provides grants to associates who have experienced extreme hardship, often providing life-changing opportunities. For example, last year an associate had an unfortunate turn of circumstances and suddenly did not have a place to live. The associate’s manager personally helped with immediate housing and transportation needs, and a grant from the Associate Hardship Fund enabled the associate to get an apartment close to public transportation.
“The grant applications that come to the Associate Hardship Committee often describe extremely difficult situations. I am proud to live at a retirement community that provides this type of support to the associates who are an integral part of our daily lives.” – Pat Bloom, Resident and Associate Hardship Committee member
Resident Benevolence Fund
As a not-for-profit community, no resident will be asked to leave Lenbrook solely due to financial hardship resulting from no fault of their own, under the appropriate circumstances. The Resident Benevolence Fund provides funding for such situations, and provides residents with a sense of comfort and security.
Left to Right: Chris Keysor, Pat Bloom, Robbye Jarrell, Judy Ellis, Lynne Hwang, Chuck Jensen, Kesha Zeigler, Dan Dornblaser, Helen French.
–7–
Stories of Impact Continued
Capital Gifts
Capital gifts allow Lenbrook to provide residents with facility upgrades that take us from great to excellent, such as the renovations to the audio/visual systems in the Brookhaven Room and Event Center. The results have been astounding and residents are enjoying state-of-the-art projectors and cameras, an enhanced sound system, professional lighting, direct feed microphones, and more. The 5,000 square foot Event Center has also been outfitted with partitions that allow multiple events to occur simultaneously, and create more intimate spaces for smaller events. “It’s wonderful to have such professional venues right here at Lenbrook.Whether you’re participating in an event live or watching from your apartment, it’s truly an exceptional experience.” – Gerre Moddelmog, Resident
“At a place like Lenbrook, many assume this need may not exist; however, there are typically three or four residents receiving benevolent support at any given time. Today, people are living longer and healthcare costs are rising so the need for financial support at the end of life is growing. We’re always glad to havemore time with our residents, and are honored to help them live out their lives with dignity.” –Dan Dornblaser, V.P., Finance and Chief Financial Officer
Dan Dornblaser V.P., Finance and Chief
Financial Officer
–8–
Left to Right: Beverly Snellings and Gerre Moddelmog, Residents.
Giving
This year Lenbrook received $82,297 and gifts-in-kind from generous donors.We are grateful to those who sought to make an impact by contributing to Lenbrook.
Fund Amount Donated Amount Donated FY 2016 FY 2015
Associate Education Fund $50,771 $1,904
Associate Hardship Fund $10,268 $12,775
Resident Benevolence Fund -0- $3,970
Capital Fund -0- $3,000
Friends of the Arts Fund $20,045 $16,535
Library Fund $1,000 -0-
TOTAL $82,297 $38,184
Fund Amount Spent Amount Spent FY 2016 FY 2015
Associate Education Fund $2,774 -0-
Associate Hardship Fund $9,414 $5785
Resident Benevolence Fund -0- $500
Capital Fund $140,736 $3,500
Friends of the Arts Fund $24,006 $23,275
Library Fund $2,000 -0-
TOTAL $178,930 $33,060
Fund Balance as of June 30, 2016
Associate Education Fund $64,768Associate Hardship Fund $11,377Resident Benevolence Fund $51,537Capital Fund $182,123Friends of the Arts Fund $18,259Library Fund $5,142
–9–
Glen and Claire JacksonChris and Jolie KeysorDr. Bert Kummel and Mrs. Jane KummelPaul and Sara J. Manners**Dr. Manning PattilloStuart Schwarzschild*Richard M. and Lou Stormont
Legacy Society Members
The Lenbrook Legacy Society was created in 2013 to celebrate a special group of donors who have made gifts of $10,000 or more to Lenbrook through their wills and estate plans, which may be accomplished through the refundable portion of the Entrance Fee. Their generosity helps sustain initiatives that benefit the Lenbrook community now and well in to the future.
Charlie and Nancy Bedford Frances CurtissJohn and Ann DayDr. J.T. Ford and Mrs. Mary Helen Ford *Duff Hagerty William* and Betty Hatcher Gene and Pamela Hayes
* deceased ** couple deceased
“Living at Lenbrook has been a very happy time in my life, and I want to provide the same opportunity for people in the future. Including Lenbrook in my estate plans and becoming a member of the Legacy Society was one of the best and most helpful things I could do today.” – Dr. Manning Pattillo, Resident and Legacy Society member
Members of Lenbrook Society Left to Right: Chris Keysor, Dr. Manning Pattillo, Frances Curtiss, Dr.Bert Kummel, Jane Kummel, Lou Stormont, Dick Stormont, Pamela Hayes, Gene Hayes.
For more information about the Legacy Society, please contact: Chris Keysor, President and CEO 404-233-3000
–10–
2015 – 2016 Annual Donors Tribute Gifts
Helen Aderhold
Anonymous
Mary Armstrong
Betty Barge
Kirk and Lani Battleson
Betsey Beach
Charlie and Nancy Bedford
Lavelle and Marie Beene
Sidney Berger
Bill and Marilyn Beringer
Dr. Steven Bethea and
Mrs. Margaret Bethea
Debbie Bishop
Irving and Pat Bloom
Martha Bogle
Dorothy Boice
Fran Bondurant
Bob Bosbyshell
Sandra Bottoms
Floyd and Caroline Breeser
William and Kathryn Bridges
Margaret Ann Bruce
Betty Bull
Sandra Burnaw
Adell Butterworth
Gordon Bynum
George and Katherine Calfo
Eleanor Calhoun
Jean Carson
Shirley Caruso
Carol Catanzaro
Don and Martha Chapman
Liz Cherry
Bernice Clanton
Kevin and Carol Cleveland
James and Donna Cochrane
Dr. Richard Colvin
Richard and Barbara Conway
Barbara Cooper
Gene Cox
Ken Cromer
Emily Crum
Frances Curtiss
Jarrett and Mary Virginia Davis, III
Lewis Davis
Tom and Camille Davis
John and Ann Day
Nadya Denis
Joe and Joanne Dietrich
Dave and Connie Dimling
Dan Dornblaser
Marigene Doyal
Frank Durand
Frazer and Lucretia Durrett
Diana Eason
Louis and Anne Ederington
Judy Ellis
Edward Everett and Inez Morgan
Elizabeth Feely
Jonee Fine
Sybil Fisher
Dr. J.T. Ford and Mrs. Mary Helen
Ford
Christina Freeman
Helen French
Darrol Fry
Laleah Furniss
Sam and Ann Galanti
David Gambrell
Phyllis Gareis
Billy and Gloria Garrett
Steve Garrett
In Honor of Betty HatcherClarence and Kathleen Kemper
In Memory of Billy GarrettSteve GarrettCarol D HansenCarolyn HarrisMildred E. HuffDr. Walter James, Jr. and Mrs. Christina JamesLamar and Jane OglesbyJ. SpecterDennis and Anne StageJohn and Mary Wellford
In Memory of Wilbur Dallas HallChuck and Joyce Jensen
In Memory of Betty HaleyJulianne Hancock
In Memory of Annette MaxeyChuck and Joyce Jensen
In Memory of Bernard ReineckDr. Walter James, Jr. and Mrs. Christina James
–11–*Listed Donors do not include contributions made to the Associate Appreciation Fund.
2015 – 2016 Annual Donors Continued
Peg Gary
Joe Goodwin
Amelia Gordon
Bonnie Graves
William Graves
Emily Grigsby
Richard O. Groves
Duff Hagerty
Joseph and Dorothy Hamilton, Jr.
Julianne Hancock
Carol Hansen
Edwin and Anne Hansen
Grace Harper
Carolyn Harris
Georgia Harris
Mary Margaret Harris
Ed and Irma Hart
Ronald C. Hart
Betty Hatcher
Gene and Pamela Hayes
George and Betty Heery
Charlotte Heinz
Frank and Jennie Helderman
Dr. Vernon Hendrix and
Mrs. Ellen Hendrix
Barbara Henkel
Sam Hollis, Sr.
Cecile Hooks
Luther House
Harry and Tatty Howard
Mildred Huff
Macy’s (matched gift)
T. and Gail Irvin
James and Charlotte Ivey
Glen O. Jackson
W. Scott and Christina James, III
Dr. Walter James, Jr. and
Mrs. Christina James
Alice Jeffries
Chuck and Joyce Jensen
Rita Joel
Sally Johnson
Ruth Jorgensen
Alan and Glenda Kaplan
Clarence and Kathleen Kemper
Chris and Jolie Keysor
Lisa Kiely
Mark Kill
Luella Klein
Dr. Bert Kummel and
Mrs. Jane Kummel
Frances Kuniansky
Harry and Ada Lamon
Gloria Landreth
Marianne Lee
Ronald and Elenore Longo
Molly Lord
Shari Lotz
Ed and Edith Lummus
Dan Mackey
Bert and Trudy Madden
Kay Martens
Jeanne Martin
Thelma Martin
Jim Maxey
Fay McCune
Mike McDaniel
Kathryn McGrew
Joan McIntyre
Duane and Diane Miller
Eugene and Donna Miller
Juliet Miller
–12–
Lenbrook is a 501(c)(3) not-for-profit organization, and offers opportunities for
tax-exempt giving and grant making within the organization.
Millicent MillerJune MindrupRobert MinnearNancy MontgomeryJeannette MoonBettye Jim MorganSarah MostellerBruce and Carole MoulthropWilliam and Frances NagataDr. Weldon Neal, Jr. and Mrs. Jane NealJohn and Lea NixonGodfrey and Mary Ann OakleyLamar and Jane OglesbyLucia O’NeillMary Ann OprischFranca OrefficeCarl and Jean PahlAmber M. ParkerJohn PattilloDr. Manning PattilloCynthia PearsonFredda PeeleMartha PentecostGracie PhillipsBetty PhillipsCatherine PittsCatherine PorterMarlene PucaMeredith PughBill and Lucia PulgramCristina M. RameyDr. Harold Ramos and Mrs. Barbara RamosFrances RamseyLouis M. Rawls, IIIStanley and Esther RawnBen ReineckPatricia RichardsonBabette Rothschild
Harvey and Eve Saunders Patricia SchneiderDr. W. Henry Shuford and Mrs. Nancy ShufordCrawford and Joan SitesCarolyn Smith John and Beverly SnellingsJ. SpecterDennis and Anne StageJames and Adelyn StevensonRichard M. and Lou StormontRobert and Patricia StowellJoann StricklerLinda StuempfigLinda Lou SumlinFelecia SvedaCatherine TalleyCarolyn TaylorHans and Ursula TeeuwJoyce ThorstenGary M. TocklinWilliam and Mary TomlinsonRalph and Nancy ToonElizabeth WallJerry WarshawJohn and June WeitnauerJohn and Mary WellfordPatricia WendlerMyles Smith and Ortrude WhiteJim and Elaine WhitehurstGloria WilkinsonDavid H. Williams, Jr.George and Dorothy WilliamsZelda WilliamsJeane WithornMichael Halpern and Julie WittGay WoeseBarbara WyllyJack and Sophie Zwecker
2015 – 2016 Annual Donors Continued
–13–
2015 – 2016 Financial Year in Review
Lenbrook continues to build reserves to ensure that our community remains healthy and vibrant today and for generations to come. We are proud to report that operational results were ahead of budget for the fiscal year due to healthy occupancy and careful expense management.
During the year we hired BlackRock, the world’s largest investment manager, to increase earnings to help fund ongoing capital expenditures. Recognizing the need to maintain and enhance our beautiful campus, we invested $3.8 million in capital projects (including resident-driven requests) during the year.
Of particular note, due to past donations by residents, the Board of Directors approved the use of the Millennium Fund to support audio, visual, and lighting enhancements throughout the campus. This reinvestment, along with the pursuit of strategic initiatives was made possible primarily through resident donations and our solid operating results.
Statement of Financial Position*
ASSETS FY 2016 FY 2015
Current Assets 50,127,516 44,891,994
Property, Plant, & Equipment,
Net of Depreciation 130,590,956 132,902,770
Other 1,533,435 1 ,825,772
Total Assets $182,251,907 $179,620,536
LIABILITIES AND NET ASSETS
Current Liabilities 4,294,192 4,778,318
Bonds Payable, less current maturity 95,113,011 96,549,517
Refundable Escrowed Deposits 526,976 519,170
Deferred Revenues from Entrance Fees 154,565,926 149,310,789
Total Liabilities 254,500,105 251,157,794
Unrestricted Net Assets (72,801,674) (72,168,184)
Temporarily Restricted Net Assets 553,476 630,926
Total Net Assets (72,248,198) (71,537,258)
Total Liabilities and Net Assets $182,251,907 $179,620,536
–14–
–15–
Statement of Activities and Changes in Net Assets*
FY 2016 FY 2015
Operating Revenues $32,145,128 $30,523,086
Operating Expenses $28,073,818 $27,235,425
Excess of Revenues over Expenses $4,071,310 $3,287,661
Non Operating Revenues (Expenses) ($4,704,800) ($4,946,954)
Increase/Decrease in Unrestricted Net Assets ($633,490) ($1,659,293)
in Temporarily RestrictedNet Assets ($77,450) $13,416
* Condensed Financial Statements audited by independent certified public accountants. Additional information is available from the Chief Financial Officer by request.
Increase/Decrease
Statement of Financial Position*
ASSETS FY 2016 FY 2015
Current Assets 50,127,516 44,891,994
Property, Plant, & Equipment,
Net of Depreciation 130,590,956 132,902,770
Other 1,533,435 1 ,825,772
Total Assets $182,251,907 $179,620,536
LIABILITIES AND NET ASSETS
Current Liabilities 4,294,192 4,778,318
Bonds Payable, less current maturity 95,113,011 96,549,517
Refundable Escrowed Deposits 526,976 519,170
Deferred Revenues from Entrance Fees 154,565,926 149,310,789
Total Liabilities 254,500,105 251,157,794
Unrestricted Net Assets (72,801,674) (72,168,184)
Temporarily Restricted Net Assets 553,476 630,926
Total Net Assets (72,248,198) (71,537,258)
Total Liabilities and Net Assets $182,251,907 $179,620,536
“Lenbrook is a place where residents have the opportunity togrow and develop regardless of age. We can continue to strive to be physically and mentally fit, and, we have the environment here at Lenbrook to do just that. It’s not a place to becomestagnant. We know that when we are asked for support in anyway, it will be a worthwhile endeavor. By helping others, we arehelping ourselves.”– Joyce and Chuck Jensen, Residents
–16–
“We have been so impressed by the variety of activities we and other residents enjoy, that it just made sense to make a gift to Lenbrook. Also, we care deeply about Lenbrook’s associates, and want to help them further their education and advance theircareers. There is something special about taking care of those who take care of us.” __June and John Weitnauer, Residents
3747 Peachtree Road NE, BuckheadAtlanta, Georgia 30319
404-233-3000lenbrook-atlanta.org
Not-for-ProfitLenbrook is the only not-for-profit Life Plan Community in Atlanta to earn national accreditation.
Lenbrook does not discriminate against any person on the basis of race, color, national origin, disability, or age inadmission, treatment, or participation in its programs, services and activities, or in employment. For further
information about this policy, contact: Rebecca Jarrell, Section 504 Coordinator at 404-233-3000.