Totals
- Total revenue
- $39,595,237
- Total expenses
- $2,837,686
- Contributions and grants received
- $41,428,798
- Grants paid
- $0
- Program service revenue
- $178,339
- Investment income
- -$2,011,900
- Other revenue
- $0
- Total assets, end of year
- $53,562,231
- Total liabilities, end of year
- $5,493,713
- Net assets or fund balances, end of year
- $48,068,518
- Program services expenses (Part IX)
- $2,837,686
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,837,686
Program services were 100.0% 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.
-
1d · Related organizations
$41,428,798
-
2a · Program service revenue: RENTAL INCOME
total $178,339 · related or exempt $178,339
-
7a · Gross sales of assets other than inventory
other assets $1,816,817
-
7b · Less cost or other basis and sales expenses
other assets $3,828,717
-
7c · Gain or loss
other assets -$2,011,900
-
7d · Net gain or loss
total -$2,011,900 · excluded -$2,011,900
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $10,120 · program services $10,120
-
11g · Fees: other
total $65 · program services $65
-
20 · Interest
total $224,399 · program services $224,399
-
22 · Depreciation, depletion and amortization
total $2,601,770 · program services $2,601,770
-
24a · Other expenses: BANK CHARGES
total $1,332 · program services $1,332
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $131,289 · end of year $24,741
-
10a · Land, buildings and equipment: cost or other basis
$65,149,586
-
10b · Land, buildings and equipment: accumulated depreciation
$16,210,940
-
10c · Land, buildings and equipment, net
beginning of year $15,422,553 · end of year $48,938,646
-
15 · Other assets
beginning of year $48,198,174 · end of year $4,598,844
-
17 · Accounts payable and accrued expenses
beginning of year $1,777,401 · end of year $45,333
-
23 · Secured mortgages and notes payable
beginning of year $5,749,043 · end of year $5,448,380
-
25 · Other liabilities
beginning of year $33,578,146 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $14,262,048 · end of year $7,673,928
-
28 · Net assets with donor restrictions
beginning of year $8,385,378 · end of year $40,394,590
Mission and programs · 2022
Mission
OWNS THE PROPERTY UPON WHICH THE LLC OPERATES SKILLED NURSING, ASSISTED LIVING, CHILD CARE AND THRIFT STORE.
Activities or mission (Part I)
THIS CORPORATION IS ORGANIZED AND OPERATED TO HOLD TITLE TO REAL PROPERTY, COLLECT INCOME THEREFROM, AND DISTRIBUTE THE ENTIRE AMOUNT THEREOF LESS EXPENSES TO PINES OF SARASOTA HEALTHCARE, LLC., AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE IRC.
-
OWNS THE PROPERTY UPON WHICH THE LLC OPERATES SKILLED NURSING, ASSISTED LIVING, CHILD CARE AND THRIFT STORE.
Expenses $2,837,686
As filed on the 2022 return.
Listed in Part VII
-
Ken AbrahamKEN ABRAHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
K Judson BoedeckerK JUDSON BOEDECKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marla DossMARLA DOSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John HarshmanJOHN HARSHMAN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Larry SchaperLARRY SCHAPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John SchaubJOHN SCHAUB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey L SchmidtJEFFREY L SCHMIDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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.
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.
-
PINES OF SARASOTA FOUNDATION INC
501(C)(3) · PROVIDE FINANCIAL SUPPORT TO PINES OF SARASOTA, INC. · FL
-
1100 CENTRAL AVENUE CORPORATION
501(C)(2) · TITLE HOLDING COMPANY · FL
-
PINES OF SARASOTA HOLDING CORPORATION
501(C)(3) · FL
-
PINES OF SARASOTA MANAGEMENT CORP
501(C)(3) · FL
-
PINES OF SARASOTA HEALTHCARE LLC
501(C)(3) · HEALTH SERVICES · FL
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420469349301317
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