Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $3,258,426

• 1e · Government grants (contributions)

  $3,594

• 1f · All other contributions, gifts and grants

  $1,149,414

• 2a · Program service revenue: MONTHLY MAINTENANCE FEES

  total $63,372,424 · related or exempt $63,372,424

• 2b · Program service revenue: ENTRANCE FEES

  total $32,132,385 · related or exempt $32,132,385

• 2c · Program service revenue: MEDICAL SERVICES

  total $38,392,903 · related or exempt $38,392,903

• 2d · Program service revenue: DINING SERVICES

  total $1,604,214 · related or exempt $1,604,214

• 2e · Program service revenue: RESIDENT SERVICES

  total $277,426 · related or exempt $277,426

• 2f · All other program service revenue

  total $2,026,028 · related or exempt $2,026,028 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $429,047 · excluded $429,047

• 4 · Income from investment of tax-exempt bond proceeds

  total $325,634 · excluded $325,634

• 6a · Gross rents

  real property $135,170

• 6c · Rental income or loss

  real property $135,170 · personal property $0

• 6d · Net rental income or loss

  total $135,170 · excluded $135,170

• 7a · Gross sales of assets other than inventory

  securities $37,256,806

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

  securities $36,627,887 · other assets $22,921,865

• 7c · Gain or loss

  securities $628,919 · other assets -$22,921,865

• 7d · Net gain or loss

  total -$22,292,946 · excluded -$22,292,946

• 10a · Gross sales of inventory

  $577,654

• 10c · Net income from sales of inventory

  total $577,654 · excluded $577,654

• 11a · Other revenue: GOLF COURSE

  total $3,186,266 · unrelated business $1,456,935 · excluded $1,729,331

• 11b · Other revenue: MOTEL

  total $978,344 · unrelated business $873,834 · excluded $104,510

• 11c · Other revenue: RESTAURANTS

  total $556,282 · excluded $556,282

• 11d · All other revenue

  total $9,077,756 · related or exempt $0 · unrelated business $91,675 · excluded $8,986,081

• 11e · Other revenue, total

  $13,798,648

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $274,993 · program services $274,993

• 5 · Compensation of officers, directors and key employees

  total $2,976,900 · program services $2,534,037 · management and general $442,863

• 7 · Other salaries and wages

  total $49,482,068 · program services $42,097,686 · management and general $7,384,382

• 8 · Pension plan contributions

  total $1,097,727 · program services $920,151 · management and general $177,576

• 9 · Other employee benefits

  total $6,125,503 · program services $5,405,864 · management and general $719,639

• 10 · Payroll taxes

  total $3,917,356 · program services $3,457,988 · management and general $459,368

• 11a · Fees: management

  total $2,929,310 · program services $2,929,310

• 11b · Fees: legal

  total $306,537 · management and general $306,537

• 11c · Fees: accounting

  total $202,535 · management and general $202,535

• 11f · Fees: investment management

  total $101,447 · management and general $101,447

• 11g · Fees: other

  total $4,290,899 · program services $3,974,644 · management and general $316,255 · fundraising $0

• 12 · Advertising and promotion

  total $1,111,055 · program services $62,366 · management and general $1,048,689

• 13 · Office expenses

  total $360,842 · program services $140,378 · management and general $220,464

• 14 · Information technology

  total $1,342,070 · management and general $1,342,070

• 16 · Occupancy

  total $7,928,345 · program services $7,307,411 · management and general $620,934

• 20 · Interest

  total $7,383,414 · program services $7,383,414

• 22 · Depreciation, depletion and amortization

  total $39,153,732 · program services $38,660,877 · management and general $492,855

• 23 · Insurance

  total $5,955,631 · program services $5,812,975 · management and general $142,656

• 24a · Other expenses: REPAIR AND MAINTENANCE

  total $3,466,259 · program services $3,343,852 · management and general $122,407

• 24b · Other expenses: FOOD AND BEVERAGE EXPENSES

  total $3,587,731 · program services $3,587,731

• 24c · Other expenses: MEDICAL SUPPLIES AND DRUGS

  total $1,253,744 · program services $1,253,744

• 24d · Other expenses: CABLE TV, UPGRADES

  total $1,386,837 · program services $1,386,837

• 24e · All other expenses

  total $5,958,548 · program services $3,905,216 · management and general $2,053,332 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $20,792,145 · end of year $19,822,987

• 2 · Savings and temporary cash investments

  beginning of year $10,647,348 · end of year $11,646

• 3 · Pledges and grants receivable

  beginning of year $3,697,724 · end of year $2,648,150

• 4 · Accounts receivable

  beginning of year $3,399,034 · end of year $3,771,747

• 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 $1,781,379 · end of year $1,438,999

• 9 · Prepaid expenses and deferred charges

  beginning of year $6,154,547 · end of year $6,396,941

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

  $911,419,510

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

  $327,932,656

• 10c · Land, buildings and equipment, net

  beginning of year $583,938,290 · end of year $583,486,854

• 11 · Investments: publicly traded securities

  beginning of year $100,356,754 · end of year $106,546,086

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $34,748,583 · end of year $25,524,337

• 17 · Accounts payable and accrued expenses

  beginning of year $16,323,250 · end of year $16,096,641

• 19 · Deferred revenue

  beginning of year $263,221,540 · end of year $285,614,312

• 20 · Tax-exempt bond liabilities

  beginning of year $203,752,516 · end of year $194,709,605

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $159,887,484 · end of year $138,229,172

• 27 · Net assets without donor restrictions

  beginning of year $120,496,010 · end of year $112,494,123

• 28 · Net assets with donor restrictions

  beginning of year $1,835,004 · end of year $2,503,894

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Travel for companions

TRAVEL FOR COMPANIONS THE PRESIDENT AND VICE PRESIDENTS RECEIVE A MAXIMUM TRAVEL REIMBURSEMENT AMOUNT OF $1,500 PER YEAR PER PERSON. THE ASSISTANT VICE-PRESIDENTS RECEIVE A MAXIMUM TRAVEL REIMBURSEMENT AMOUNT OF $750 PER YEAR PER PERSON. THESE FEES ARE INCLUDED AS TAXABLE INCOME EACH YEAR ON THEIR W-2. ADDITIONALLY, ALL REQUESTS FOR REIMBURSEMENT BY VICE PRESIDENTS MUST BE APPROVED BY THE PRESIDENT OF THE CORPORATION AND THE PRESIDENT'S REQUEST FOR PAYMENTS MUST BE APPROVED BY THE CFO.

Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization

SOME INDIVIDUALS LISTED ON PART VII WERE ELIGIBLE FOR A BONUS IF NET EARNINGS EXCEEDED BUDGET AND ALL OTHER MISSION AND OPERATIONAL GOALS ARE ACHIEVED. THESE AMOUNTS WERE ACCRUED AS OF 06/30/2024. THE BONUS IS SUBJECT TO APPROVAL BY THE BOARD ANNUALLY.

Schedule J, Part II, Column (B)(ii)

BONUS & INCENTIVE COMPENSATION DRIVEN BY THE NEED TO OBTAIN AND SUSTAIN BUDGETED OCCUPANCY THROUGHOUT THE YEAR, SOME INDIVIDUALS LISTED ON FORM 990 PART VII AND SCHEDULE J PART II WERE ELIGIBLE TO PARTICIPATE IN THE SALES BONUS COMPENSATION PLAN.

Related corporations and trusts

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

• BARBOUR CHARITABLE REMAINDER TRUST

  Trust · TRUST · FL

  Directly controlled by NA