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Nonprofiteer
← SANTAFE HEALTHCARE INC

Form 990 for tax year 2024

Filed by SANTAFE HEALTHCARE INC.

Totals

Total revenue
$68,451,771
Total expenses
$47,764,526
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$12,815,367
Investment income
$55,202,546
Other revenue
$433,858
Total assets, end of year
$65,490,450
Total liabilities, end of year
$5,344,415
Net assets or fund balances, end of year
$60,146,035
Program services expenses (Part IX)
$29,150,215
Management and general expenses
$18,614,311
Fundraising expenses
$0
Program service expenses (Part III)
$29,150,215

Program services were 61.0% 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.

  • 2a · Program service revenue: MANAGEMENT FEES

    total $12,815,367 · related or exempt $12,815,367

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $1,796,532 · excluded $1,796,532

  • 6a · Gross rents

    real property $433,858

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $433,858 · personal property $0

  • 6d · Net rental income or loss

    total $433,858 · excluded $433,858

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $58,290,323

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

    securities $348,465 · other assets $4,535,844

  • 7c · Gain or loss

    securities -$348,465 · other assets $53,754,479

  • 7d · Net gain or loss

    total $53,406,014 · excluded $53,406,014

  • 8c · Net income from fundraising events

    total $0

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $14,051,195 · program services $2,669,443 · management and general $11,381,752

  • 7 · Other salaries and wages

    total $3,807,337 · program services $3,186,397 · management and general $620,940

  • 8 · Pension plan contributions

    total $16,846,458 · program services $14,098,962 · management and general $2,747,496

  • 9 · Other employee benefits

    total $1,414,354 · program services $1,259,426 · management and general $154,928

  • 10 · Payroll taxes

    total $1,231,391 · program services $1,112,837 · management and general $118,554

  • 11a · Fees: management

    total $6,538,128 · program services $6,208,703 · management and general $329,425

  • 11b · Fees: legal

    total $819,867 · program services $111,909 · management and general $707,958

  • 11c · Fees: accounting

    total $441,640 · management and general $441,640

  • 11f · Fees: investment management

    total $173,319 · management and general $173,319

  • 11g · Fees: other

    total $1,008,840 · program services $471,821 · management and general $537,019 · fundraising $0

  • 13 · Office expenses

    total $430,836 · program services $10,845 · management and general $419,991

  • 14 · Information technology

    total $805 · management and general $805

  • 16 · Occupancy

    total $533,749 · management and general $533,749

  • 17 · Travel

    total $21,665 · program services $19,872 · management and general $1,793

  • 22 · Depreciation, depletion and amortization

    total $339,092 · management and general $339,092

  • 23 · Insurance

    total $98,378 · management and general $98,378

  • 24a · Other expenses: MINOR EQUIPMENT/RENTALS

    total $7,472 · management and general $7,472

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,022,709 · end of year $5,095,048

  • 2 · Savings and temporary cash investments

    beginning of year $10,711,571 · end of year $6,257,962

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,373 · end of year $6,224

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

    $3,962,379

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

    $783,438

  • 10c · Land, buildings and equipment, net

    beginning of year $4,449,393 · end of year $3,178,941

  • 11 · Investments: publicly traded securities

    beginning of year $2,620,319 · end of year $32,710,881

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $17,869,253 · end of year $18,241,394

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,448,268 · end of year $2,837,935

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $21,521,804 · end of year $2,506,480

  • 27 · Net assets without donor restrictions

    beginning of year $5,727,546 · end of year $60,146,035

Mission and programs · 2024

Mission

THE MISSION OF SANTAFE HEALTHCARE, INC. IS TO SERVE AS THE NOT-FOR-PROFIT SYSTEM PARENT FOR ITS FAMILY OF NOT-FOR-PROFIT, MISSION-DRIVEN, AFFILIATE ORGANIZATIONS. SEE SCHEDULE O FOR CONTINUATION OF THE ORGANIZATION'S MISSION. SANTAFE HEALTHCARE, INC. DELIVERS ITS MISSION BY PROVIDING FINANCIAL MANAGEMENT AND OVERSIGHT, AND STRATEGIC MANAGEMENT AND EXPERTISE TO ITS AFFILIATES, WHILE PROMOTING THE EFFECTIVE PROVISION OF HEALTHCARE, HOSPICE AND PALLIATIVE CARE, AND SENIOR HOUSING AND RELATED SERVICES THROUGH ITS AFFILATES. THIS MISSION IS GOVERNED THROUGH A LOCAL, COMMUNITY-BASED BOARD WHICH PROVIDES STRATEGIC DIRECTION AND VALUES-BASED OVERSIGHT AND SUPPORT.

Activities or mission (Part I)

TO IMPROVE THE HEALTH AND WELL-BEING OF PEOPLE IN THE COMMUNITIES WE SERVE.

  • SANTAFE HEALTHCARE, INC. PROVIDED GOVERNANCE AND OVERSIGHT TO THE FOLLOWING AFFILIATED CHARITABLE, TAX-EXEMPT AND NOT-FOR-PROFIT ORGANIZATIONS: NORTH CENTRAL FLORIDA HOSPICE, INC.; SANTAFE SENIOR LIVING, INC.; NORTH FLORIDA RETIREMENT VILLAGE, INC.; BVG ACQUISITION, INC.; EAST RIDGE RETIREMENT VILLAGE, INC.; SANTAFE SENIOR LIVING FOUNDATION, INC.; SF HOLDING CORP., INC.; AND HFK CARE CORPORATION.

    Expenses $29,150,215 · Revenue $12,815,367

As filed on the 2024 return.

Listed in Part VII

  • Benjamin I Doerr Jr

    TREASURER

    Total calculated
    $61,339
    From this org
    $61,339
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 5 related

  • Glenda E Hood

    CHAIR

    Total calculated
    $74,039
    From this org
    $74,039
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 5 related

  • Jackson N Sasser PhD

    VICE CHAIR

    Total calculated
    $61,339
    From this org
    $61,339
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 5 related

  • Lawrence G Schreiber

    Former CEO/Director

    Total calculated
    $6,649,928
    From this org
    $6,619,112
    From related orgs
    $0
    Other
    $30,816
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $518,262
    Bonus
    $0
    Other
    $6,100,850
    Deferred
    $13,800
    Nontaxable benefits
    $17,016
    Filer's total
    $6,649,928

  • Kevin R Maddron

    DIRECTOR

    Total calculated
    $56,539
    From this org
    $56,539
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 5 related

  • Pauline E Taylor

    PRES - HOSPICE - NCF

    Total calculated
    $2,045,707
    From this org
    $2,016,657
    From related orgs
    $0
    Other
    $29,050
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $611,646
    Bonus
    $0
    Other
    $1,405,011
    Deferred
    $13,800
    Nontaxable benefits
    $15,250
    Filer's total
    $2,045,707

  • Randall L Stuart

    CFO

    Total calculated
    $519,560
    From this org
    $480,156
    From related orgs
    $0
    Other
    $39,404
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $480,156
    Bonus
    $0
    Other
    $0
    Deferred
    $13,800
    Nontaxable benefits
    $25,604
    Filer's total
    $519,560

  • Ronald E Jennette

    PRESIDENT - SFSL

    Total calculated
    $600,171
    From this org
    $561,734
    From related orgs
    $0
    Other
    $38,437
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $464,753
    Bonus
    $84,501
    Other
    $12,480
    Deferred
    $13,800
    Nontaxable benefits
    $24,637
    Filer's total
    $600,171

  • Steven Ziegler

    PRESDIENT & CLO

    Total calculated
    $1,800,349
    From this org
    $1,752,513
    From related orgs
    $0
    Other
    $47,836
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $425,856
    Bonus
    $0
    Other
    $1,326,657
    Deferred
    $13,800
    Nontaxable benefits
    $34,036
    Filer's total
    $1,800,349

  • Christopher Russell

    VP OPS - HAVEN

    Total calculated
    $343,553
    From this org
    $322,896
    From related orgs
    $0
    Other
    $20,657
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $291,434
    Bonus
    $26,602
    Other
    $4,860
    Deferred
    $0
    Nontaxable benefits
    $20,657
    Filer's total
    $343,553

  • Glynda Hailey

    SFHC VP - HR

    Total calculated
    $401,663
    From this org
    $376,645
    From related orgs
    $0
    Other
    $25,018
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $280,518
    Bonus
    $95,647
    Other
    $480
    Deferred
    $13,800
    Nontaxable benefits
    $11,218
    Filer's total
    $401,663

  • Jennifer H Blades

    VP HR - HAVEN

    Total calculated
    $539,129
    From this org
    $528,222
    From related orgs
    $0
    Other
    $10,907
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $497,891
    Bonus
    $25,471
    Other
    $4,860
    Deferred
    $10,898
    Nontaxable benefits
    $9
    Filer's total
    $539,129

  • Jennifer Malko

    VP BUS DEV - HCFH

    Total calculated
    $346,278
    From this org
    $326,031
    From related orgs
    $0
    Other
    $20,247
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,501
    Bonus
    $62,030
    Other
    $4,500
    Deferred
    $7,624
    Nontaxable benefits
    $12,623
    Filer's total
    $346,278

  • Richard A Hendrix Jr

    VP - ADMIN - SFSL

    Total calculated
    $329,169
    From this org
    $296,076
    From related orgs
    $0
    Other
    $33,093
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $268,822
    Bonus
    $26,774
    Other
    $480
    Deferred
    $10,844
    Nontaxable benefits
    $22,249
    Filer's total
    $329,169

  • Thomas M Franklin

    VP CFO - HAVEN

    Total calculated
    $393,475
    From this org
    $370,131
    From related orgs
    $0
    Other
    $23,344
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $319,374
    Bonus
    $44,757
    Other
    $6,000
    Deferred
    $13,484
    Nontaxable benefits
    $9,860
    Filer's total
    $393,475

  • Karin Terese

    SR. MANAGER, COMP & BENEFITS AT SFMS

    Total calculated
    $201,932
    From this org
    $192,908
    From related orgs
    $0
    Other
    $9,024
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,841
    Bonus
    $27,067
    Other
    $0
    Deferred
    $7,621
    Nontaxable benefits
    $1,403
    Filer's total
    $201,932

  • Lynn E Monaco

    ASSISTANT GENERAL COUNSEL

    Total calculated
    $286,996
    From this org
    $258,238
    From related orgs
    $0
    Other
    $28,758
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,045
    Bonus
    $28,713
    Other
    $480
    Deferred
    $9,742
    Nontaxable benefits
    $19,016
    Filer's total
    $286,996

  • Michael H Groover

    CHIEF MEDICAL OFFICER - HAVEN

    Total calculated
    $330,306
    From this org
    $315,220
    From related orgs
    $0
    Other
    $15,086
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $310,360
    Bonus
    $0
    Other
    $4,860
    Deferred
    $3,605
    Nontaxable benefits
    $11,481
    Filer's total
    $330,306

  • Michele S Wasserlauf

    ED - BSRV

    Total calculated
    $352,043
    From this org
    $340,095
    From related orgs
    $0
    Other
    $11,948
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $303,337
    Bonus
    $36,318
    Other
    $440
    Deferred
    $11,115
    Nontaxable benefits
    $833
    Filer's total
    $352,043

  • Rebecca J Catalanotto

    ED - NFRV

    Total calculated
    $459,106
    From this org
    $410,505
    From related orgs
    $0
    Other
    $48,601
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $364,837
    Bonus
    $45,668
    Other
    $0
    Deferred
    $13,800
    Nontaxable benefits
    $34,801
    Filer's total
    $459,106

  • Dana M Davenport

    FORMER CHIEF AUDIT EXECUTIVE

    Total calculated
    $260,082
    From this org
    $260,082
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $230,274
    Bonus
    $29,808
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $260,082

  • Philip Bowling

    FORMER SVP CFO

    Total calculated
    $149,033
    From this org
    $149,033
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $126,042
    Bonus
    $22,991
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $149,033

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

  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Tax indemnification and gross-up payments
TAX GROSS-UP PAYMENTS OCCUR FOR GROUP VARIABLE LIFE INSURANCE PREMIUMS PAID ON BEHALF OF THE LISTED AND OTHER EMPLOYEES. EMPLOYER PAID PREMIUMS AREPRIOR TO BEING ADDED AS IMPUTED INCOME TO AN EMPLOYEE'S YEAR-END FORM W-2. DEFINED CONTRIBUTION AND (NOW FROZEN) DEFINED BENEFIT PENSION RESTORATION DEEMED TO BE TAXABLE COMPENSATION AND ARE GROSSED-UP FOR THE TAX IMPACT TAX GROSS-UP PAYMENTS ARE PROVIDED FOR VESTED DISTRIBUTIONS FROM THE PLANS.
Schedule J, Part I, Line 4a Severance or change-of-control payment
LISTED PERSONS ARE EMPLOYEES OF SANTAFE HEALTHCARE, INC. AND ARE COVERED UNDER A SEVERANCE POLICY. THE SEVERANCE POLICY INCLUDES MONTHLY PAYMENTS UP TO A MAXIMUM OF 12 - 36 MONTHS UNDER QUALIFYING CIRCUMSTANCES DEPENDING ON POSITION. NO ONE LISTED RECEIVED SEVERANCE OR CHANGE OF CONTROL PAYMENTS DURING 2024. THE FOLLOWING PERSONS RECEIVED SEVERANCE OR CHANGE-OF-CONTROL PAYMENTS DURING THE 2024 CALENDAR YEAR: LAWRENCE SCHREIBER - $6,100,560 STEVEN ZIEGLER - $1,326,177 PAULINE TAYLOR - $770,298
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
SANTAFE HEALTHCARE, INC. MAINTAINS TWO ACTIVE NONQUALIFIED RETIREMENT PLANS FOR A CERTAIN GROUP OF EXECUTIVES. ONE PLAN RESTORES RETIREMENT BENEFITS EQUIVALENT TO QUALIFIED 401(K) BENEFITS ON INCOME EARNED IN EXCESS OF THE INTERNAL REVENUE SERVICE CODE SECTION 401(A)(17) RECOGNIZABLE PAY LIMITS (A DEFINED CONTRIBUTION RESTORATION PLAN). VESTING FOR THIS PLAN IS ACHIEVED AT AGE 55 AND 10 YEARS OF SERVICE OR AT AGE 65 AND 5 YEARS OF SERVICE. THE SECOND SUPPLEMENTAL DEFINED CONTRIBUTION PLAN PROVIDES ADDITIONAL RETIREMENT INCOME BASED ON A PERCENTAGE OF BASE SALARY AND VESTS AT THREE AND FIVE YEARS OF SERVICE.

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.

  • NORTH FLORIDA RETIREMENT VILLAGE INC

    501(c)(3) · RETIREMENT COMMUNITY · FL · controlled entity

    Directly controlled by SANTAFE HEALTHCARE INC

  • NORTH CENTRAL FLORIDA HOSPICE INC

    501(c)(3) · HOSPICE CARE · FL · controlled entity

    Directly controlled by SANTAFE HEALTHCARE INC

  • SANTAFE SENIOR LIVING INC

    501(c)(3) · MANAGEMENT AND FINANCIAL SUPPORT FOR NOT-FOR-PROFIT AFFILIATES · FL · controlled entity

    Directly controlled by SANTAFE HEALTHCARE INC

  • BVG ACQUISITION INC

    501(c)(3) · RETIREMENT COMMUNITY · FL · controlled entity

    Directly controlled by SANTAFE HEALTHCARE INC

  • EAST RIDGE RETIREMENT VILLAGE INC

    501(c)(3) · RETIREMENT COMMUNITY · FL · controlled entity

    Directly controlled by SANTAFE HEALTHCARE INC

  • SANTAFE SENIOR LIVING FOUNDATION INC

    501(c)(3) · CHARITABLE & EDUCATIONAL PURPOSES · FL · controlled entity

    Directly controlled by SANTAFE HEALTHCARE INC

  • HFK CARE CORPORATION

    501(c)(3) · HOSPICE CARE & HOME HEALTH CARE · FL · controlled entity

    Directly controlled by SANTAFE HEALTHCARE INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SF HOLDING CORP INC

    C Corporation · HOLDING COMPANY · FL · controlled entity

    Directly controlled by SANTAFE HEALTHCARE INC

  • CHARITABLE REMAINDER UNITRUSTS (2)

    Trust · CHARITABLE REMAINDER UNITRUST · FL

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.1
Source object
202543179349302224

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