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← SUNNYSIDE PROPERTIES OF SARASOTA INC

Form 990 for tax year 2024

Filed by SUNNYSIDE PROPERTIES OF SARASOTA INC.

Totals

Total revenue
$11,733,485
Total expenses
$11,749,165
Contributions and grants received
$106,559
Grants paid
$0
Program service revenue
$10,646,501
Investment income
$1,422,181
Other revenue
-$441,756
Total assets, end of year
$79,541,716
Total liabilities, end of year
$76,154,655
Net assets or fund balances, end of year
$3,387,061
Program services expenses (Part IX)
$9,051,803
Management and general expenses
$2,697,362
Fundraising expenses
$0
Program service expenses (Part III)
$9,051,803

Program services were 77.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $106,559

  • 2a · Program service revenue: RESIDENT SERVICE FEES

    total $8,417,493 · related or exempt $8,417,493

  • 2b · Program service revenue: MANAGEMENT FEES

    total $1,577,960 · related or exempt $1,577,960

  • 2c · Program service revenue: RENT FROM TAX-EXEMPT AFFILIATES

    total $593,447 · related or exempt $593,447

  • 2d · Program service revenue: ANCILLARY SERVICES

    total $57,601 · related or exempt $57,601

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $585,706 · excluded $585,706

  • 6a · Gross rents

    real property $39,125

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $39,125 · personal property $0

  • 6d · Net rental income or loss

    total $39,125 · excluded $39,125

  • 7a · Gross sales of assets other than inventory

    securities $832,975 · other assets $3,500

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $832,975 · other assets $3,500

  • 7d · Net gain or loss

    total $836,475 · excluded $836,475

  • 11a · Other revenue: OTHER MISCELLANEOUS/NONOPERATING

    total -$480,881 · related or exempt -$480,881

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    -$480,881

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $331,937 · management and general $331,937

  • 7 · Other salaries and wages

    total $3,391,309 · program services $1,995,491 · management and general $1,395,818

  • 8 · Pension plan contributions

    total $77,666 · program services $22,853 · management and general $54,813

  • 9 · Other employee benefits

    total $304,540 · program services $180,730 · management and general $123,810

  • 10 · Payroll taxes

    total $279,071 · program services $152,941 · management and general $126,130

  • 11b · Fees: legal

    total $118,028 · program services $118,028

  • 11c · Fees: accounting

    total $90,833 · management and general $90,833

  • 11f · Fees: investment management

    total $63,816 · management and general $63,816

  • 11g · Fees: other

    total $122,740 · program services $44,084 · management and general $78,656 · fundraising $0

  • 12 · Advertising and promotion

    total $30,268 · management and general $30,268

  • 13 · Office expenses

    total $19,623 · management and general $19,623

  • 14 · Information technology

    total $141,851 · program services $3,850 · management and general $138,001

  • 16 · Occupancy

    total $1,926,524 · program services $1,887,843 · management and general $38,681

  • 17 · Travel

    total $25,911 · program services $18,706 · management and general $7,205

  • 19 · Conferences, conventions and meetings

    total $42,053 · program services $9,029 · management and general $33,024

  • 20 · Interest

    total $934,504 · program services $934,504

  • 22 · Depreciation, depletion and amortization

    total $2,557,039 · program services $2,557,039

  • 23 · Insurance

    total $529,025 · program services $445,376 · management and general $83,649

  • 24a · Other expenses: RESIDENT DIETARY

    total $592,233 · program services $592,233

  • 24b · Other expenses: MISCELLANEOUS

    total $65,463 · program services $5,346 · management and general $60,117

  • 24c · Other expenses: SUPPLIES

    total $57,986 · program services $40,005 · management and general $17,981

  • 24d · Other expenses: RESIDENT ACTIVITIES

    total $42,195 · program services $42,195

  • 24e · All other expenses

    total $4,550 · program services $1,550 · management and general $3,000 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $802 · end of year $800

  • 2 · Savings and temporary cash investments

    beginning of year $1,348,909 · end of year $2,594,550

  • 4 · Accounts receivable

    beginning of year $2,000,071 · end of year $2,193,827

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $20,722 · end of year $21,591

  • 9 · Prepaid expenses and deferred charges

    beginning of year $90,394 · end of year $175,606

  • 10a · Land, buildings and equipment: cost or other basis

    $67,084,725

  • 10b · Land, buildings and equipment: accumulated depreciation

    $30,422,253

  • 10c · Land, buildings and equipment, net

    beginning of year $38,118,445 · end of year $36,662,472

  • 11 · Investments: publicly traded securities

    beginning of year $22,179,657 · end of year $22,852,395

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $26,328 · end of year $33,196

  • 15 · Other assets

    beginning of year $14,067,331 · end of year $15,007,279

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,165,408 · end of year $1,485,513

  • 19 · Deferred revenue

    beginning of year $13,683,721 · end of year $12,670,103

  • 20 · Tax-exempt bond liabilities

    beginning of year $20,725,513 · end of year $20,224,242

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $13,296,992 · end of year $41,774,797

  • 27 · Net assets without donor restrictions

    beginning of year $28,981,025 · end of year $3,387,061

Mission and programs · 2024

Mission

THE MISSION OF SUNNYSIDE PROPERTIES OF SARASOTA, INC. IS TO ENRICH THE LIVES OF RESIDENTS AGE 55 AND OVER, STAFF AND THE COMMUNITY BY PROVIDING FACILITIES FOR RELATED NOT-FOR-PROFIT ORGANIZATIONS TO PERFORM SERVICES AND OPERATE PROGRAMS IN A CHRISTIAN ENVIRONMENT.

Activities or mission (Part I)

TO PROVIDE HEALTH SERVICES AND PROGRAMS IN A CHRISTIAN ENVIRONMENT TO SENIORS AGE 55 AND OVER.

  • ACCOMMODATIONS WERE PROVIDED FOR APPROXIMATELY 277 INDEPENDENT LIVING RESIDENTS, 60 RESIDENTS REQUIRING ASSISTANCE WITH DAILY ACTIVITIES AND 219 RESIDENTS REQUIRING SKILLED NURSING OR REHABILITATIVE CARE. FACILITIES ARE ROUTINELY UPGRADED TO ENSURE THE PROPERTY IS MAINTAINED IN ORDER TO PROVIDE PLEASANT, SAFE AND SECURE RESIDENT HOMES AND FACILITIES. SUNNYSIDE'S SKILLED NURSING FACILITY MAINTAINS A FIVE-STAR RATED PROGRAM. SUNNYSIDE ALSO MAINTAINS SIGNIFICANTLY HIGHER THAN BENCHMARK SCORES FOR RESIDENT SATISFACTION IN INDEPENDENT LIVING INCLUDING SUCH FACTORS AS OVERALL SATISFACTION, VALUE FOR PRICE PAID, LONG-TERM CONFIDENCE IN THE FACILITY, FULFILLMENT OF ITS MISSION STATEMENT AND "WOULD YOU RECOMMEND SUNNYSIDE VILLAGE TO A FRIEND."

    Expenses $5,185,741 · Revenue $3,968,893

  • SUNNYSIDE VILLAGE PROVIDED SERVICES TO A 226-UNIT INDEPENDENT LIVING RETIREMENT COMMUNITY FOR APPROXIMATELY 277 RESIDENTS AGED 55 AND OLDER, PROVIDING DINING SERVICES, MAINTENANCE, 24-HOUR CAMPUS PATROL, EMERGENCY CALL SYSTEMS INCLUDING PERSONAL CALL PENDANTS, COMMUNITY EVENTS, ACTIVITIES, WELLNESS INITIATIVES, AND TRANSPORTATION OPTIONS.

    Expenses $3,866,062 · Revenue $6,196,727

As filed on the 2024 return.

Listed in Part VII

  • Curtis Ross II

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Kathy Bender

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Kjell Purnell

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Wade Harris

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Beth Ebersole

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Cheryl Kornhaus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Robert Pohl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Heather Neff

    CEO/EXECUTIVE DIRECTOR

    Total calculated
    $128,988
    From this org
    $124,950
    From related orgs
    $0
    Other
    $4,038
    Hours/week
    20 + 20 related

  • Robert Kelly

    CFO

    Total calculated
    $0
    Hours/week
    20 + 20 related

  • Alexandra Maliwacki

    DIRECTOR OF HEALTH SERVICE

    Total calculated
    $206,555
    From this org
    $194,701
    From related orgs
    $0
    Other
    $11,854
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $171,851
    Bonus
    $22,850
    Other
    $0
    Deferred
    $11,854
    Nontaxable benefits
    $0
    Filer's total
    $206,555

  • Chanda Pollock

    DIRECTOR OF THERAPY

    Total calculated
    $127,234
    From this org
    $120,120
    From related orgs
    $0
    Other
    $7,114
    Hours/week
    40

  • Lacey Holland

    DIRECTOR OF NURSING/HEALTH SERVICES

    Total calculated
    $138,679
    From this org
    $130,722
    From related orgs
    $0
    Other
    $7,957
    Hours/week
    40

  • Sean McClory

    DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $119,731
    From this org
    $119,731
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • SUNNYSIDE RETIREMENT INC

    501(c)(3) · INACTIVE · FL · controlled entity

    Directly controlled by SUNNYSIDE PROPERTIES OF SARASOTA INC

  • SUNNYSIDE HEALTH SERVICES INC

    501(c)(3) · SKILLED NURSING AND ASSITED LIVING FACILITY · FL · controlled entity

    Directly controlled by SUNNYSIDE PROPERTIES OF SARASOTA INC

  • SUNNYSIDE FOUNDATION INC

    501(c)(3) · RESIDENT ASSISTANCE · FL · controlled entity

    Directly controlled by SUNNYSIDE PROPERTIES OF SARASOTA INC

Provenance

Return type
form_990
Tax year
2024
Filed
27 April 2026
IRS schema version
2024v5.1
Source object
202621179349300237

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