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Nonprofiteer
← NORTH FLORIDA RETIREMENT VILLAGE INC

Form 990 for tax year 2024

Filed by NORTH FLORIDA RETIREMENT VILLAGE INC.

Totals

Total revenue
$40,054,364
Total expenses
$36,442,713
Contributions and grants received
$175,362
Grants paid
$0
Program service revenue
$39,255,029
Investment income
$619,370
Other revenue
$4,603
Total assets, end of year
$87,689,102
Total liabilities, end of year
$90,101,074
Net assets or fund balances, end of year
-$2,411,972
Program services expenses (Part IX)
$29,462,260
Management and general expenses
$6,980,453
Fundraising expenses
$0
Program service expenses (Part III)
$29,462,260

Program services were 80.8% 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

    $175,362

  • 2a · Program service revenue: RESIDENT SERVICES

    total $39,255,029 · related or exempt $39,255,029

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $623,273 · excluded $623,273

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    other assets $0

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

    other assets $3,903

  • 7c · Gain or loss

    securities $0 · other assets -$3,903

  • 7d · Net gain or loss

    total -$3,903 · excluded -$3,903

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $4,603

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $4,603 · excluded $4,603

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $167,250 · management and general $167,250

  • 7 · Other salaries and wages

    total $11,868,280 · program services $9,721,092 · management and general $2,147,188

  • 8 · Pension plan contributions

    total $519,293 · program services $456,691 · management and general $62,602

  • 9 · Other employee benefits

    total $1,151,963 · program services $977,571 · management and general $174,392

  • 10 · Payroll taxes

    total $821,394 · program services $724,002 · management and general $97,392

  • 11a · Fees: management

    total $2,037,670 · management and general $2,037,670

  • 11b · Fees: legal

    total $32,214 · management and general $32,214

  • 11c · Fees: accounting

    total $37,106 · management and general $37,106

  • 11f · Fees: investment management

    total $10,244 · management and general $10,244

  • 11g · Fees: other

    total $231,767 · program services $133,459 · management and general $98,308 · fundraising $0

  • 12 · Advertising and promotion

    total $778,710 · program services $778,710

  • 13 · Office expenses

    total $196,503 · program services $152,879 · management and general $43,624

  • 14 · Information technology

    total $382,854 · management and general $382,854

  • 16 · Occupancy

    total $5,121,199 · program services $4,925,446 · management and general $195,753

  • 17 · Travel

    total $17,823 · program services $5,300 · management and general $12,523

  • 20 · Interest

    total $2,870,926 · program services $2,818,181 · management and general $52,745

  • 22 · Depreciation, depletion and amortization

    total $4,801,792 · program services $4,321,613 · management and general $480,179

  • 23 · Insurance

    total $1,724,378 · program services $1,551,940 · management and general $172,438

  • 24a · Other expenses: FOOD COSTS

    total $2,060,614 · program services $2,060,614

  • 24b · Other expenses: OTHER SUPPLIES

    total $530,662 · program services $526,674 · management and general $3,988

  • 24c · Other expenses: OTHER NON-OPERATING

    total $505,118 · management and general $505,118

  • 24d · Other expenses: OTHER EXPENSES

    total $213,074 · program services $73,666 · management and general $139,408

  • 24e · All other expenses

    total $361,879 · program services $234,422 · management and general $127,457 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,692 · end of year $32,575

  • 2 · Savings and temporary cash investments

    beginning of year $3,129,891 · end of year $1,174,032

  • 4 · Accounts receivable

    beginning of year $284,148 · end of year $298,340

  • 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 $128,601 · end of year $122,931

  • 9 · Prepaid expenses and deferred charges

    beginning of year $539,553 · end of year $390,203

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

    $135,090,822

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

    $77,283,734

  • 10c · Land, buildings and equipment, net

    beginning of year $60,069,833 · end of year $57,807,088

  • 11 · Investments: publicly traded securities

    beginning of year $11,773,822 · end of year $16,111,445

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $10,091,788 · end of year $11,752,488

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,222,406 · end of year $1,987,717

  • 19 · Deferred revenue

    beginning of year $102,714 · end of year $68,992

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $89,385,641 · end of year $87,628,596

  • 25 · Other liabilities

    beginning of year $509,760 · end of year $415,769

  • 27 · Net assets without donor restrictions

    beginning of year -$6,922,374 · end of year -$3,000,460

  • 28 · Net assets with donor restrictions

    beginning of year $733,181 · end of year $588,488

Mission and programs · 2024

Mission

THE MISSION OF NORTH FLORIDA RETIREMENT VILLAGE, INC. IS TO PROVIDE AFFORDABLE HOUSING, MEALS, ASSISTED LIVING, CONGREGATE CARE AND RELATED SERVICES TO SENIOR CITIZENS. SERVICES ARE PROVIDED 24 HOURS A DAY, 7 DAYS A WEEK, 365 DAYS A YEAR TO AN AVERAGE OF APPROXIMATELY 602 SENIOR CITIZEN RESIDENTS PER DAY. TO THE EXTENT OF ITS FINANCIAL ABILITY, NORTH FLORIDA RETIREMENT VILLAGE, INC. MAKES EVERY EFFORT TO CONTINUE PROVIDING SERVICES TO RESIDENTS WHO BECOME UNABLE TO PAY.

Activities or mission (Part I)

TO PROVIDE SENIOR CITIZENS WITH AFFORDABLE HOUSING, MEALS, ASSISTED LIVING AND RELATED SERVICES.

  • NORTH FLORIDA RETIREMENT VILLAGE, INC. PROVIDED CLEANING, LAUNDRY, MAINTENANCE, SECURITY AND UTILITIES TO SENIOR CITIZENS IN RESIDENTIAL UNITS. THE AVERAGE NUMBER OF UNITS SERVED PER DAY IN 2024 WERE 556.

    Expenses $10,594,491 · Revenue $9,606,858

  • NORTH FLORIDA RETIREMENT VILLAGE, INC. PROVIDED THREE MEALS DAILY TO SENIORS AND TRAY SERVICE TO INDIVIDUALS LOCATED IN THE ASSISTED LIVING AREAS OR THOSE UNABLE TO LEAVE THEIR APARTMENTS. TOTAL MEALS SERVED IN 2024 WERE 418,385.

    Expenses $8,418,664 · Revenue $7,639,103

  • NORTH FLORIDA RETIREMENT VILLAGE, INC. PROVIDED ASSISTED LIVING SERVICES FOR INDIVIDUALS WHO ARE UNABLE TO PERFORM ONE OR MORE BASIC ACTIVITIES OF DAILY LIVING (ADL) FOR THEMSELVES. TOTAL RESIDENT-DAYS SERVED IN 2024 WERE 44,662.

    Expenses $8,037,413 · Revenue $19,555,608

  • OTHER PROGRAM SERVICES: NORTH FLORIDA RETIREMENT VILLAGE PROVIDED RESIDENTS WITH OTHER MISCELLANEOUS PROGRAM SERVICES INCLUDING RECREATIONAL, CULTURAL, AND HOBBY ACTIVITIES, IN ADDITION TO TRANSPORTATION TO LOCAL EVENTS. THE TOTAL AVERAGE RESIDENTS SERVED PER DAY IN 2024 WERE 640.

    Expenses $2,411,692 · Revenue $2,453,460

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

Listed in Part VII

  • Benjamin I Doerr Jr

    TREASURER

    Total calculated
    $61,339
    From this org
    $0
    From related orgs
    $61,339
    Other
    $0
    Hours/week
    1 + 5 related

  • Glenda E Hood

    CHAIR

    Total calculated
    $74,039
    From this org
    $0
    From related orgs
    $74,039
    Other
    $0
    Hours/week
    1 + 5 related

  • Jackson N Sasser PhD

    VICE CHAIR

    Total calculated
    $61,339
    From this org
    $0
    From related orgs
    $61,339
    Other
    $0
    Hours/week
    1 + 5 related

  • Lawrence G Schreiber

    Former President & CEO/Director

    Total calculated
    $6,649,928
    From this org
    $0
    From related orgs
    $6,619,112
    Other
    $30,816
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $518,262 related
    Bonus
    $0
    Other
    $0 + $6,100,850 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $17,016 related
    Filer's total
    $0 + $6,649,928 related

  • Kevin R Maddron

    DIRECTOR

    Total calculated
    $56,539
    From this org
    $0
    From related orgs
    $56,539
    Other
    $0
    Hours/week
    1 + 5 related

  • Steven Ziegler

    PRESDIENT & CLO

    Total calculated
    $1,800,349
    From this org
    $0
    From related orgs
    $1,752,513
    Other
    $47,836
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $425,856 related
    Bonus
    $0
    Other
    $0 + $1,326,657 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $34,036 related
    Filer's total
    $0 + $1,800,349 related

  • Kimberly Giberti

    EXECUTIVE DIRECTOR

    Total calculated
    $182,984
    From this org
    $167,250
    From related orgs
    $0
    Other
    $15,734
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,971
    Bonus
    $11,799
    Other
    $480
    Deferred
    $6,642
    Nontaxable benefits
    $9,092
    Filer's total
    $182,984

  • Jerry W Vinson

    RN

    Total calculated
    $129,746
    From this org
    $127,995
    From related orgs
    $0
    Other
    $1,751
    Hours/week
    40

  • Jesus A Neira

    DIRECTOR OF CULINARY AND DINING SERVICES

    Total calculated
    $123,814
    From this org
    $122,982
    From related orgs
    $0
    Other
    $832
    Hours/week
    40

  • Kenneth W Willner

    RN

    Total calculated
    $123,815
    From this org
    $118,518
    From related orgs
    $0
    Other
    $5,297
    Hours/week
    40

  • Thomas E Hammond

    DIRECTOR OF INNOVATION & TECHOLOGY

    Total calculated
    $145,905
    From this org
    $131,841
    From related orgs
    $0
    Other
    $14,064
    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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE CHIEF EXECUTIVE OFFICER (CEO) OF EAST RIDGE RETIREMENT VILLAGE, INC. IS COMPENSATED BY SANTAFE HEALTHCARE, INC., A RELATED SUPPORTING ORGANIZATION. SANTAFE HEALTHCARE, INC. UTILIZES THE FOLLOWING PROCESS TO ESTABLISH THE CEO'S COMPENSATION AND BENEFITS: ANNUALLY, THE SANTAFE HEALTHCARE, INC. BOARD OF DIRECTORS RETAINS AN INDEPENDENT THIRD PARTY COMPENSATION AND BENEFITS CONSULTING FIRM TO CONDUCT A MARKET COMPETITIVENESS REVIEW OF THE CEO'S TOTAL DIRECT COMPENSATION (BASE SALARY, ANNUAL INCENTIVES, AND LONG TERM INCENTIVES) AND BENEFITS. THE COMPETITIVE ANALYSIS INCLUDES COMPARISON TO SIMILAR POSITIONS IN COMPANIES OF SIMILAR SIZE WITHIN THE SAME OR SIMILAR INDUSTRY. THE INDEPENDENT CONSULTING FIRM MAKES RECOMMENDATIONS, IF ANY, DIRECTLY TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ESTABLISHES THE FINAL COMPENSATION AND BENEFIT PACKAGE FOR THE CEO TAKING INTO CONSIDERATION THE MARKET COMPETITIVENESS REVIEW AND FINAL RECOMMENDATION OF THE INDEPENDENT CONSULTING FIRM. THE INDEPENDENT CONSULTING FIRM PROVIDES AN OPINION LETTER REGARDING THE REASONABLENESS OF THE CEO'S FINAL COMPENSATION AND BENEFITS PACKAGE. THE ACTIONS OF THE BOARD ARE DOCUMENTED IN THE MINUTES OF THE BOARD MEETING.
Schedule J, Part I, Line 4a Severance or change-of-control payment
LISTED PERSONS ARE EMPLOYEES OF EAST RIDGE RETIREMENT VILLAGE OR RELATED ORGANIZATIONS. EAST RIDGE RETIREMENT VILLAGE EMPLOYEES ARE NOT COVERED BY A FORMAL SEVERANCE POLICY; SEVERANCE IS HANDLED ON A CASE-BY-CASE BASIS. EMPLOYEES OF RELATED ORGANIZATIONS ARE COVERED BY A SEVERANCE POLICY WHICH INCLUDES MONTHLY PAYMENTS UP TO A MAXIMUM OF 12 - 36 MONTHS UNDER QUALIFYING CIRCUMSTANCES AND DEPENDING ON POSITION. THE FOLLOWING PERSONS RECEIVED SEVERANCE OR CHANGE-OF-CONTROL PAYMENTS DURING THE 2024 CALENDAR YEAR: LAWRENCE SCHREIBER - $6,100,560 STEVEN ZIEGLER - $1,326,177
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
LISTED PERSONS PARTICIPATING IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN IN THE YEAR: LAWRENCE G SCHREIBER, PHILIP G BOWLING, STEVEN M ZIEGLER, AND RONALD E JENNETTE ARE EMPLOYEES OF SANTAFE HEALTHCARE, INC., A RELATED SUPPORTING ORGANIZATION. THEY PARTICIPATE IN TWO NONQUALIFIED DEFERRED COMPENSATION RETIREMENT PLANS SPONSORED BY SANTAFE HEALTHCARE, INC. FOR A CERTAIN GROUP OF EXECUTIVES. ONE PLAN RESTORES RETIREMENT BENEFITS EQUIVALENT TO QUALIFIED 401(K) BENEFITS ON INCOME EARNED IN EXCESS OF THE INTERNAL REVENUE SERVICE CODE SECTION 401(A)(17) RECOGNIZABLE PAY LIMITS (A DEFINED CONTRIBUTION RESTORATION PLAN). VESTING FOR THIS PLAN IS ACHIEVED AT AGE 55 AND 10 YEARS OF SERVICE OR AT AGE 65 AND 5 YEARS OF SERVICE. THE SECOND SUPPLEMENTAL DEFINED CONTRIBUTION PLAN PROVIDES ADDITIONAL RETIREMENT INCOME BASED ON A PERCENTAGE OF BASE SALARY AND VESTS AT THREE AND FIVE YEARS OF SERVICE.

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.

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.

Related corporations and trusts

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

  • SF HOLDING CORP INC

    C Corporation · HOLDING COMPANY · FL

    Directly controlled by NA

  • CHARITABLE REMAINDER UNITRUST

    Trust · CHARITABLE REMAINDER UNITRUST · FL

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.1
Source object
202503179349301830

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