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Nonprofiteer
← PINES OF SARASOTA HEALTHCARE LLC

Form 990 for tax year 2024

Filed by PINES OF SARASOTA HEALTHCARE LLC.

Totals

Total revenue
$29,960,261
Total expenses
$30,822,007
Contributions and grants received
$1,954,993
Grants paid
$0
Program service revenue
$27,976,695
Investment income
$22,643
Other revenue
$5,930
Total assets, end of year
$13,481,208
Total liabilities, end of year
$17,466,799
Net assets or fund balances, end of year
-$3,985,591
Program services expenses (Part IX)
$27,524,879
Management and general expenses
$3,297,128
Fundraising expenses
$0
Program service expenses (Part III)
$27,524,879

Program services were 89.3% 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.

  • 1d · Related organizations

    $1,253,838

  • 1e · Government grants (contributions)

    $4,000

  • 1f · All other contributions, gifts and grants

    $697,155

  • 2a · Program service revenue: SKILLED NURSING

    total $25,577,442 · related or exempt $25,577,442

  • 2b · Program service revenue: ASSISTED LIVING

    total $1,543,669 · related or exempt $1,543,669

  • 2c · Program service revenue: CHILD CARE

    total $791,205 · related or exempt $791,205

  • 2d · Program service revenue: OTHER PROGRAM SERVICE REVENU

    total $64,379 · related or exempt $64,379

  • 3 · Investment income

    total $22,643 · excluded $22,643

  • 6a · Gross rents

    real property $1,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,000

  • 6d · Net rental income or loss

    total $1,000 · related or exempt $1,000

  • 10a · Gross sales of inventory

    $632,318

  • 10b · Cost of goods sold

    $627,388

  • 10c · Net income from sales of inventory

    total $4,930 · related or exempt $4,930

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $963,553 · program services $963,553

  • 7 · Other salaries and wages

    total $13,498,650 · program services $13,018,491 · management and general $480,159

  • 8 · Pension plan contributions

    total $56,927 · program services $20,991 · management and general $35,936

  • 9 · Other employee benefits

    total $2,002,283 · program services $1,982,733 · management and general $19,550

  • 10 · Payroll taxes

    total $1,117,871 · program services $984,076 · management and general $133,795

  • 11g · Fees: other

    total $3,615,895 · program services $3,221,366 · management and general $394,529

  • 12 · Advertising and promotion

    total $109,444 · program services $26,438 · management and general $83,006

  • 13 · Office expenses

    total $429,339 · program services $426,206 · management and general $3,133

  • 16 · Occupancy

    total $1,842,503 · program services $1,475,927 · management and general $366,576

  • 20 · Interest

    total $413,263 · management and general $413,263

  • 22 · Depreciation, depletion and amortization

    total $36,691 · program services $36,691

  • 23 · Insurance

    total $1,135,519 · management and general $1,135,519

  • 24a · Other expenses: SUPPLIES

    total $4,364,271 · program services $4,347,415 · management and general $16,856

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $954,239 · program services $954,239

  • 24c · Other expenses: BANK CHARGES

    total $105,441 · management and general $105,441

  • 24d · Other expenses: LICENSES & FEES

    total $66,753 · program services $66,753

  • 24e · All other expenses

    total $109,365 · management and general $109,365

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,396,959 · end of year $1,328,194

  • 2 · Savings and temporary cash investments

    end of year $551,879

  • 4 · Accounts receivable

    beginning of year $3,621,928 · end of year $4,078,316

  • 8 · Inventories for sale or use

    beginning of year $162,705 · end of year $164,587

  • 9 · Prepaid expenses and deferred charges

    beginning of year $299,512 · end of year $322,427

  • 12 · Investments: other securities

    beginning of year $72,231 · end of year $69,779

  • 15 · Other assets

    beginning of year $1,753,134 · end of year $6,966,026

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,995,497 · end of year $4,433,789

  • 23 · Secured mortgages and notes payable

    beginning of year $5,887,281 · end of year $11,757,854

  • 25 · Other liabilities

    beginning of year $1,547,679 · end of year $1,275,156

  • 27 · Net assets without donor restrictions

    beginning of year -$3,123,988 · end of year -$3,985,591

Mission and programs · 2024

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO OPERATE AND MAINTAIN A 204 BED SKILLED NURSING FACILITY AND A 72 BED ASSISTED LIVING FACILITY, PRIMARILY FOR AGED AND FINANCIALLY NEEDY RESIDENTS OF SARASOTA AND MANATEE COUNTIES, FLORIDA. IN ADDITION, THE ORGANIZATION OPERATES A DAY CARE PROGRAM FOR CHILDREN AND OPERATES 2 THRIFT SHOPS THAT SUPPORT THE ORGANIZATION.

Activities or mission (Part I)

THE PRIMARY PURPOSE OF THE ORGANIZATON IS TO OPERATE AND MAINTAIN A 204 BED SKILLED NURSING FACILITY AND 39 BED ASSISTED LIVING FACILITY, PRIMARILY FOR AGED AND FINANCIALLY NEEDY RESIDENTS OF SARASOTA AND MANATEEE COUNTIES, FLORIDA. IN ADDITION, THE ORGANIZATION OPERATES A DAY CARE PROGRAM FOR CHILDREN AND OPERATES 2 THRIFT SHOPS THAT SUPPORT THE ORGANIZATION.

  • OPERATE AND MAINTAIN A 204 BED SKILLED NURSING FACILITY, PRIMARILY FOR AGED AND FINANCIALLY NEEDY RESIDENTS.

    Expenses $23,316,490 · Revenue $26,835,280

  • OPERATE AND MAINTAIN A 39 BED ASSISTED LIVING FACILITY, PRIMARILY FOR AGED AND FINANCIALLY NEEDY RESIDENTS.

    Expenses $1,484,941 · Revenue $1,543,669

  • THE ORGANIZATION OPERATES A DAY CARE PROGRAM FOR CHILDREN.

    Expenses $845,503 · Revenue $791,205

  • THE ORGANIZATION OPERATES PHARMACY & SHOP.

    Expenses $1,877,945 · Revenue $702,085

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jane Hunder

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Douglas Cherry Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Allison Imre Perkowski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Schmidt

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Lawrence Bowman Cic

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Robert Asztalos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kyle Battie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey M Birnbach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kyle Hembree

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joyce Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Mayforth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alexa Parker Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason Hughes CFP Cpwa Cepa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Lyons CPA

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Karen Oliver RN Bsn Fccws Lnc

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jack Meredith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • D Ryan Thompson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Michael Ward

    PRESIDENT/CEO

    Total calculated
    $328,214
    From this org
    $305,410
    From related orgs
    $0
    Other
    $22,804
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $305,410
    Bonus
    $0
    Other
    $0
    Deferred
    $15,285
    Nontaxable benefits
    $7,519
    Filer's total
    $328,214

  • David Anthony

    NURSING HOME ADMINISTRATOR

    Total calculated
    $238,123
    From this org
    $227,136
    From related orgs
    $0
    Other
    $10,987
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,136
    Bonus
    $0
    Other
    $0
    Deferred
    $5,678
    Nontaxable benefits
    $5,309
    Filer's total
    $238,123

  • Bruce Blake

    CHIEF FINANCIAL OFFICER

    Total calculated
    $217,513
    From this org
    $206,869
    From related orgs
    $0
    Other
    $10,644
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,869
    Bonus
    $0
    Other
    $0
    Deferred
    $5,412
    Nontaxable benefits
    $5,232
    Filer's total
    $217,513

  • Helen Kuenzner

    VP OF HUMAN RESOURCES

    Total calculated
    $179,703
    From this org
    $179,403
    From related orgs
    $0
    Other
    $300
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,403
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $300
    Filer's total
    $179,703

  • Jessica Eldridge-Moore

    DIR OF NURSING

    Total calculated
    $234,725
    From this org
    $226,480
    From related orgs
    $0
    Other
    $8,245
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,480
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,245
    Filer's total
    $234,725

  • Amanda Collier

    ALF ADMINISTRATOR

    Total calculated
    $175,232
    From this org
    $168,517
    From related orgs
    $0
    Other
    $6,715
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,517
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,715
    Filer's total
    $175,232

  • Mosha Fields-Jones

    ASSISTAND DIR OF NURSING W

    Total calculated
    $132,104
    From this org
    $127,443
    From related orgs
    $0
    Other
    $4,661
    Hours/week
    40

  • Pericles Simeon

    HIGH COMPENSATED EMPLOYEE

    Total calculated
    $124,295
    From this org
    $124,295
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543219349306789

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