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Nonprofiteer
← OCOEE FOUNDATION INC

Form 990 for tax year 2025

Filed by OCOEE FOUNDATION INC.

Totals

Total revenue
$98,292,310
Total expenses
$95,398,328
Contributions and grants received
$0
Grants paid
$830,350
Program service revenue
$95,656,718
Investment income
$1,887,283
Other revenue
$748,309
Total assets, end of year
$109,950,304
Total liabilities, end of year
$63,756,790
Net assets or fund balances, end of year
$46,193,514
Program services expenses (Part IX)
$87,444,802
Management and general expenses
$7,953,526
Fundraising expenses
$0
Program service expenses (Part III)
$87,444,802

Program services were 91.7% 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: MEDICARE/MEDICAID INCOME

    total $55,504,808 · related or exempt $55,504,808

  • 2b · Program service revenue: NURSING FACILITY INCOME

    total $33,294,408 · related or exempt $33,294,408

  • 2c · Program service revenue: ASSISTED LIVING INCOME

    total $6,857,502 · related or exempt $6,857,502

  • 3 · Investment income

    total $2,186 · excluded $2,186

  • 7a · Gross sales of assets other than inventory

    other assets $6,285,151

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

    other assets $4,400,054

  • 7c · Gain or loss

    other assets $1,885,097

  • 7d · Net gain or loss

    total $1,885,097 · excluded $1,885,097

  • 11a · Other revenue: MISCELLANEOUS

    total $689,386 · excluded $689,386

  • 11b · Other revenue: VENDING/FOOD

    total $58,923 · excluded $58,923

  • 11e · Other revenue, total

    $748,309

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $830,350 · program services $830,350

  • 5 · Compensation of officers, directors and key employees

    total $563,638 · program services $85,944 · management and general $477,694

  • 7 · Other salaries and wages

    total $41,967,876 · program services $41,967,876

  • 9 · Other employee benefits

    total $3,772,143 · program services $3,772,143

  • 10 · Payroll taxes

    total $3,474,606 · program services $3,192,560 · management and general $282,046

  • 11a · Fees: management

    total $5,482,023 · program services $5,482,023

  • 11b · Fees: legal

    total $235,013 · program services $225,891 · management and general $9,122

  • 11c · Fees: accounting

    total $449,974 · program services $432,509 · management and general $17,465

  • 11g · Fees: other

    total $14,895,274 · program services $14,317,122 · management and general $578,152

  • 13 · Office expenses

    total $28,222 · program services $17,215 · management and general $11,007

  • 16 · Occupancy

    total $2,598,793 · program services $2,432,243 · management and general $166,550

  • 17 · Travel

    total $187,229 · program services $114,210 · management and general $73,019

  • 19 · Conferences, conventions and meetings

    total $112,485 · program services $68,616 · management and general $43,869

  • 20 · Interest

    total $2,668,395 · program services $22,183 · management and general $2,646,212

  • 22 · Depreciation, depletion and amortization

    total $3,206,529 · program services $461,119 · management and general $2,745,410

  • 23 · Insurance

    total $1,292,279 · program services $1,289,554 · management and general $2,725

  • 24a · Other expenses: MEDICAL SUPPLIES AND DR

    total $7,866,608 · program services $7,866,608

  • 24b · Other expenses: BED LICENSES

    total $4,503,626 · program services $4,503,626

  • 24c · Other expenses: MISCELLANEOUS

    total $750,376 · program services $122,535 · management and general $627,841

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $172,995 · program services $105,527 · management and general $67,468

  • 24e · All other expenses

    total $339,894 · program services $134,948 · management and general $204,946

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,041,424 · end of year $4,401,217

  • 3 · Pledges and grants receivable

    beginning of year $179,946 · end of year $1,017,681

  • 4 · Accounts receivable

    beginning of year $9,421,289 · end of year $8,806,279

  • 9 · Prepaid expenses and deferred charges

    beginning of year $662,887 · end of year $397,758

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

    $115,170,006

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

    $28,177,241

  • 10c · Land, buildings and equipment, net

    beginning of year $70,437,638 · end of year $86,992,765

  • 14 · Intangible assets

    beginning of year $4,541,669 · end of year $7,163,892

  • 15 · Other assets

    beginning of year $699,098 · end of year $1,170,712

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,740,759 · end of year $7,153,464

  • 23 · Secured mortgages and notes payable

    beginning of year $34,262,205 · end of year $46,152,347

  • 25 · Other liabilities

    beginning of year $6,304,802 · end of year $10,450,979

  • 27 · Net assets without donor restrictions

    beginning of year $43,676,185 · end of year $46,193,514

Mission and programs · 2025

Mission

TO ESTABLISH, DEVELOP, OWN, MAINTAIN AND OPERATE HOSPITALS, NURSING HOMES, ADULT DAY CARE FACILITIES, RESIDENTIAL ASSISTED LIVING FACILITIES, RELATED HEALTH CARE FACILITIES, AND OTHER RESIDENTIAL FACILITIES DESIGNED TO MEET THE HOUSING, HEALTH, PERSONAL NEEDS AND FINANCIAL SECURITY NEEDS OF ELDERLY, DISABLED, POOR, AND OTHER SPECIAL POPULATIONS (THE FACILITIES). THROUGH THESE FACILITIES, THE ORGANIZATION MAY ALSO PROVIDE HEALTH CARE SERVICES. ALL FACILITIES ARE OWNED AND OPERATED ON A NON-PROFIT BASIS. AS FUNDS ALLOW, AND UPON THE APPROVAL OF THE BOARD OF DIRECTORS, THE ORGANIZATION WILL MAKE CONTRIBUTIONS TO OTHER ORGANIZATIONS EXEMPT FROM INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

  • ESTABLISH, DEVELOP, AND OPERATE NURSING HOMES, RESIDENTIAL ASSISTED LIVING FACILITIES, RELATED HEALTH CARE FACILITIES, AND OTHER RESIDENTIAL FACILITIES TO MEET NEEDS OF THE ELDERLY, DISABLED, POOR, AND OTHER SPECIAL POPULATIONS.

    Expenses $87,444,802 · Grants $830,350 · Revenue $95,656,718

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Sheehan Jr

    PRESIDENT

    Total calculated
    $386,365
    From this org
    $375,899
    From related orgs
    $0
    Other
    $10,466
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $375,899
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,466
    Filer's total
    $386,365

  • Margaret P Sheehan

    TREASURER

    Total calculated
    $55,944
    From this org
    $45,624
    From related orgs
    $0
    Other
    $10,320
    Hours/week
    15

  • Dorothy Phillips

    DIRECTOR

    Total calculated
    $25,358
    From this org
    $25,358
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • John J Sheehan III

    VICE PRESIDENT & SECRETARY

    Total calculated
    $149,108
    From this org
    $142,115
    From related orgs
    $0
    Other
    $6,993
    Hours/week
    35

  • Kathleen Kupchynsky

    DIRECTOR

    Total calculated
    $26,346
    From this org
    $26,346
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Wiliam S Burton

    DIRECTOR

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Alan Smith

    DIRECTOR

    Total calculated
    $26,484
    From this org
    $26,484
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Donald Bradley

    DIRECTOR

    Total calculated
    $29,402
    From this org
    $29,402
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Lisa Veteto

    ADMINISTATOR

    Total calculated
    $167,772
    From this org
    $164,568
    From related orgs
    $0
    Other
    $3,204
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $164,568
    Bonus
    $0
    Other
    $0
    Deferred
    $3,204
    Nontaxable benefits
    $0
    Filer's total
    $167,772

  • Billy Hunt

    ADMINISTATOR

    Total calculated
    $173,461
    From this org
    $163,531
    From related orgs
    $0
    Other
    $9,930
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $163,531
    Bonus
    $0
    Other
    $0
    Deferred
    $715
    Nontaxable benefits
    $9,215
    Filer's total
    $173,461

  • Michael Ward

    ADMINISTATOR

    Total calculated
    $175,756
    From this org
    $160,205
    From related orgs
    $0
    Other
    $15,551
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $160,205
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,551
    Filer's total
    $175,756

  • David Maxwell

    ADMINISTATOR

    Total calculated
    $160,401
    From this org
    $157,295
    From related orgs
    $0
    Other
    $3,106
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $157,295
    Bonus
    $0
    Other
    $0
    Deferred
    $3,106
    Nontaxable benefits
    $0
    Filer's total
    $160,401

  • Sheila Stephens

    ADMINISTATOR

    Total calculated
    $167,219
    From this org
    $148,003
    From related orgs
    $0
    Other
    $19,216
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $148,003
    Bonus
    $0
    Other
    $0
    Deferred
    $3,177
    Nontaxable benefits
    $16,039
    Filer's total
    $167,219

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 · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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

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.

  • OCOEE WOODBURY PROPERTY LLC

    FACILITY · TN · assets $3,728,871

  • OCOEE FOUNDATION-CC LLC

    OPERATIONS · TN · income $10,325,007 · assets $1,988,938

  • OCOEE HERMITAGE PROPERTY LLC

    FACILITY · TN · assets $4,324,127

  • OCOEE HERMITAGE HEALTH CENTER LLC

    OPERATIONS · TN · income $7,327,270 · assets $1,492,738

  • OCOEE HILLVIEW PROPERTY LLC

    FACILITY · TN · assets $3,474,471

  • OCOEE HILLVIEW HEALTH CENTER LLC

    OPERATIONS · TN · income $11,249,201 · assets $1,767,053

  • OCOEE SYCAMORE PROPERTY LLC

    FACILITY · TN · assets $4,392,577

  • OCOEE SYCAMORE RETIREMENT CENTER

    OPERATIONS · TN · income $2,713,531 · assets $250,054

  • OCOEE SEVIERVILLE PROPERTY LLC

    FACILITY · TN · assets $7,351,676

  • OCOEE SEVIERVILLE HEALTH AND REHABILITATION CENTER LLC

    OPERATIONS · TN · income $10,352,941 · assets $1,751,820

  • OCOEE ARDMORE PROPERTY INVESTMENT LLC

    FACILITY · TN · assets $7,776,921

  • ELK RIVER HEALTH & REHABILITATION OF ARDMORE LLC

    OPERATIONS · TN · income $8,219,229 · assets $1,363,215

  • OCOEE FAYETTEVILLE PROPERTY INVESTMENT LLC

    FACILITY · TN · assets $3,334,358

  • ELK RIVER HEALTH & REHABILITATION OF FAYETTEVILLE LLC

    OPERATIONS · TN · income $6,898,424 · assets $1,375,751

  • OCOEE WINCHESTER PROPERTY INVESTMENT LLC

    FACILITY · TN · assets $3,314,151

  • ELK RIVER HEALTH & REHABILITATION OF WINCHESTER LLC

    OPERATIONS · TN · income $7,413,252 · assets $1,382,017

  • OCOEE WISCONSIN LLC

    COLBY LLC · TN

  • OCOEE COLBY HEALTHCARE CENTER LLC

    OPERATIONS · WI · income $524,718 · assets $76,335

  • OCOEE COLBY PROPERTY INVESTMENT LLC

    FACILITY · WI · income $2,076,788

  • OFWPIP LLC

    PROPERTY · TN

  • OCOEE WPH HEALTH AND REHABILITATION CENTER LLC

    OPERATIONS · TN · income $11,114,024 · assets $2,126,034

  • OCOEE WPH PROPERTY INVESTMENT LLC

    FACILITY · TN · assets $6,460,620

  • OCOEE COPPER BASIN HEALTH & REHABILITATION CENTER LLC

    OPERATIONS · TN · income $1,025,214 · assets $91,220

  • OCOEE TRANSITIONAL CARE CENTER LLC

    OPERATIONS · TN · assets $1,756,872

  • OCOEE MORNINGVIEW VILLAGE LLC

    OPERATIONS · TN · income $4,564,317 · assets $452,729

  • OCOEE TCC-MVV PROPERTY COMPANY LLC

    FACILITY · TN · income $9,314,348 · assets $22,590,079

  • BOLIVAR HEALTH & REHABILITATION LLC

    OPERATIONS · TN · income $2,409,406 · assets $1,174,521

  • MEDINA HEALTH & REHABILITATION LLC

    OPERATIONS · TN · income $2,719,657 · assets $1,026,339

  • OCOEE BOLIVAR PROPERTY INVESTMENTS LLC

    FACILITY · TN · assets $11,217,190

  • OCOEE MEDINA PROPERTY INVESTMENTS LLC

    FACILITY · TN · assets $11,715,191

Provenance

Return type
form_990
Tax year
2025
Filed
19 August 2026
IRS schema version
2025v4.2
Source object
202632319349301718

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