Totals
- Total revenue
- $4,642,708
- Total expenses
- $1,264,690
- Contributions and grants received
- $4,546,201
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $88,950
- Other revenue
- $7,557
- Total assets, end of year
- $6,418,773
- Total liabilities, end of year
- $10,194,386
- Net assets or fund balances, end of year
- -$3,775,613
- Program services expenses (Part IX)
- $167,694
- Management and general expenses
- $1,096,996
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $167,694
Program services were 13.3% 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.
-
1e · Government grants (contributions)
$4,004,201
-
1f · All other contributions, gifts and grants
$542,000
-
3 · Investment income
total $48,588 · excluded $48,588
-
7a · Gross sales of assets other than inventory
other assets $40,362
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $40,362
-
7d · Net gain or loss
total $40,362 · excluded $40,362
-
11a · Other revenue: REVERSAL OF UNCOLLECTI
total $7,557 · excluded $7,557
-
11e · Other revenue, total
$7,557
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $84,309 · management and general $84,309
-
11c · Fees: accounting
total $838,724 · management and general $838,724
-
14 · Information technology
total $13,123 · program services $11,811 · management and general $1,312
-
20 · Interest
total $131,546 · program services $131,546
-
23 · Insurance
total $167,045 · management and general $167,045
-
24a · Other expenses: RENT
total $24,337 · program services $24,337
-
24b · Other expenses: LICENSES & FEES
total $5,606 · management and general $5,606
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,570,676 · end of year $2,181,198
-
2 · Savings and temporary cash investments
beginning of year $1,875,051 · end of year $4,227,575
-
4 · Accounts receivable
beginning of year $120,245 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $115,328 · end of year $0
-
13 · Investments: program-related
beginning of year $10,000 · end of year $10,000
-
15 · Other assets
beginning of year $896 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $2,596,875 · end of year $582,065
-
24 · Unsecured notes and loans payable
beginning of year $10,521,411 · end of year $9,612,321
-
25 · Other liabilities
beginning of year $30,000 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year -$7,456,090 · end of year -$3,775,613
Mission and programs · 2022
Mission
THE MISSION OF THE ORGANIZATION IS ARTICULATED IN ITS ARTICLES OF INCORPORATION AS FOLLOWS:THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS TAX-EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF INTERNAL REVENUE CODE OF 1986, AS AMENDED. IN FURTHERANCE OF THESE PURPOSES, THE CORPORATION MAY BUILD, LEASE, ACQUIRE AND OTHERWISE OWN AND OPERATE HOUSING, NURSING FACILITIES, CONTINUOUS CARE RETIREMENT COMMUNITIES AND OTHER RELATED FACILITIES AND SERVICES FOR THE ELDERLY, MENTALLY RETARDED, MENTALLY ILL, DEVELOPMENTALLY DISABLED AND OTHER LIKE CONDITIONS WITHOUT REGARD TO RACE, RELIGION, COLOR, SEX, CREED OR NATIONAL ORIGIN OF SAID PERSONS.
Activities or mission (Part I)
TO PROVIDE & OPERATE NURSING HOMES, ASSISTED LIVING FACILITIES & RETIREMENT HOUSING.
-
ALL PROGRAM SERVICES RELATE TO PROVIDING AND OPERATING SKILLED NURSING FACILITIES, ASSISTED LIVING FACILITIES AND INDEPENDENT LIVING FACILITIES FOR QUALIFYING RESIDENTS. THE ORGANIZATION OPERATED 8 FACILITIES WITH A COMBINED TOTAL OF 702 BEDS WITHIN THESE FACILITIES. THE ORGANIZATION SOLD THESE FACILITIES DURING TAX YEAR 2021.
Expenses $167,694
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Charles D WestbayCHARLES D WESTBAY
PRESIDENT & DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John CrockJOHN CROCK
VICE PRESIDENT & DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John ThompsonJOHN THOMPSON
SECRETARY & DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dale FenwickDALE FENWICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kenneth HarkinsKENNETH HARKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ron Wilson Flasc IncRON WILSON FLASC INC
CFO
- Total calculated
- $0
- Hours/week
- 10
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.
Grants on this return
No itemized grants to organizations on this return.
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.
-
FIRST FLORIDA LIVING OPTIONS LLC
OPERATED A SKILLED NURSING FACILITY & AN ASSISTED LIVING FACILITY · FL · income $0 · assets $0
-
SECOND FLORIDA LIVING OPTIONS LLC
OPERATED A SKILLED NURSING FACILITY · FL · income $1,651,112 · assets $55,825
-
THIRD FLORIDA LIVING OPTIONS LLC
OPERATED AN ASSISTED LIVING FACILITY · FL · income $318,480 · assets $0
-
FOURTH FLORIDA LIVING OPTIONS LLC
OPERATED AN ASSISTED LIVING FACILITY · FL · income $300,084 · assets $0
-
FIFTH FLORIDA LIVING OPTIONS LLC
OPERATED AN INDEPENDENT LIVING FACILITY · FL · income $93,021 · assets $0
-
SIXTH FLORIDA LIVING OPTIONS LLC
OPERATED AN INDEPENDENT LIVING FACILITY · FL · income $41,538 · assets $0
-
SEVENTH FLORIDA LIVING OPTIONS LLC
OPERATED A SKILLED NURSING FACILITY · FL · income $1,593,225 · assets $31,242
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401359349307740
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