Preservation Freehold Company
Lewisville, TX · EIN 90-0475369 · Housing and shelter · Rank 2,842 by total revenue
Preservation freehold company is a public charity organized for the purpose (continued on schedule o) of relieving the distressed through the provision of housing designed specifically to accommodate and address certain physical, social, and civic needs of the elderly, while promoting the continued dignity and well-being of its residents. the corporation is organized and shall be operated exclusively for charitable and educational purposes within the meaning of section 501(c)(3) of the internal revenue code. within the scope of the foregoing purposes, but not by way of limitation thereof, the corporation shall carry out these purposes primarily by owning and operating, either directly or through affiliated entities, nonprofit health care facilities and senior living communities.
Money, Form 990 for tax year 2024
- Total revenue
- $215,279,684
- Total expenses
- $222,147,818
- Total assets
- $561,000,473
- Salary base (all salaries and wages)
- $103,089,081
- Salaries, other pay and benefits
- $114,429,215
- Employees
- 5,587
- Salary base per employee
- $18,452
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (4)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| James Chance | PRESIDENT & CEO | Board, Officer | 40 | $179,765 |
| Thomas E Langdon | SECRETARY AND TREASURER | Board, Officer | 1 | None reported |
| Dana Arnette | BOARD MEMBER | Board | 1 | None reported |
| Darrel McGehee | BOARD MEMBER | Board | 1 | None reported |
Top 10 paid people listed
These 6 people received $1,421,005, which is 1.4% of the $103,089,081 salary base shared by 5,587 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Lee Sudbeck | FACILITY EMPLOYEE | Highly paid employee | 40 | $263,104 | $0 | $41,346 | $304,450 |
| Gibson Vernon | FACILITY EMPLOYEE | Highly paid employee | 40 | $231,084 | $0 | $33,670 | $264,754 |
| Edward Fosam | FACILITY EMPLOYEE | Highly paid employee | 81.84 | $233,500 | $0 | $19,041 | $252,541 |
| Selina Mensah | FACILITY EMPLOYEE | Highly paid employee | 83.56 | $221,813 | $0 | $0 | $221,813 |
| John Fonang | FACILITY EMPLOYEE | Highly paid employee | 40 | $197,682 | $0 | $0 | $197,682 |
| James Chance | PRESIDENT & CEO | Board, Officer | 40 | $159,962 | $0 | $19,803 | $179,765 |
Sources
- IRS e-file return 202513089349302066 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 90-0475369