F F T Senior Communities Inc
- Assets
- $19.3m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 108
- Location
- Canandaigua, NY
- Founding
- 07/1999
- Data as of
- 12/2022
- EIN
- 16-1557494
Organization Overview
F F T Senior Communities Inc, operating under the name Ferris Hills at West Lake, is located in Canandaigua, NY. The organization was established in 1999. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2022, Ferris Hills at West Lake employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ferris Hills at West Lake is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Ferris Hills at West Lake generated $6.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $6.0m during the year ending 12/2022. While expenses have increased by 2.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN ENHANCED LIFESTYLE OF INDEPENDENCE AND PEACE OF MIND IN BEAUTIFUL, SCENIC AND SECURE SURROUNDINGS FOR ALL RESIDENTS, OFFERING A VARIETY OF ACTIVITIES, PERSONAL SERVICES AND LIFELONG LEARNING OPPORTUNITIES. RESPECT, TRUST AND FRIENDSHIP ARE THE FOUNDATION OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FFT SENIOR COMMUNITIES PROVIDES PROGRAM SERVICES FOR RESIDENTS THAT INCLUDE HOUSING, FURNISHINGS, HEALTH SERVICES, RESPITE CARE AND PROGRAMS TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS. SERVICES ARE PROVIDED THAT CONTRIBUTE TO THE RESIDENTS' HEALTH, SECURITY, PHYSICAL AND MENTAL WELL-BEING. 2022 AVERAGED 93.8% OCCUPANCY, SERVING 193 RESIDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Goldstein Board Member | Trustee | 0.5 | $0 |
Mark Taubman MD Board Member | Trustee | 0.5 | $0 |
Michael F Stapleton Jr President/ceo | OfficerTrustee | 2 | $0 |
Michael Apostolakos MD Board Member | Trustee | 0.5 | $0 |
A David Peter MD Board Member | Trustee | 0.5 | $0 |
David Baum MD SVP Medical Affairs & Emergency Physicians | Officer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Upstate Roofing Inc Roof Replacement | 12/30/22 | $175,755 |
Messner Carpet Flooring | 12/30/22 | $103,350 |
Genesee Construction Service Inc Siding/windows | 12/30/22 | $435,020 |
Quality Kitchens Kitchen/bath Remodeling | 12/30/22 | $121,407 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $15,058 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,058 |
| Total Program Service Revenue | $6,178,898 |
| Investment income | $103,939 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,946 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,300,841 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,299,767 |
| Pension plan accruals and contributions | $91,562 |
| Other employee benefits | $290,511 |
| Payroll taxes | $183,123 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,017 |
| Fees for services: Accounting | $25,308 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,250 |
| Fees for services: Other | $174,146 |
| Advertising and promotion | $223 |
| Office expenses | $715,084 |
| Information technology | $14,191 |
| Royalties | $0 |
| Occupancy | $791,402 |
| Travel | $555 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $215 |
| Interest | $127,147 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $929,422 |
| Insurance | $43,073 |
| All other expenses | $0 |
| Total functional expenses | $5,995,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $708,407 |
| Savings and temporary cash investments | $1,135,910 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,882 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,830 |
| Prepaid expenses and deferred charges | $142,786 |
| Net Land, buildings, and equipment | $11,942,670 |
| Investments—publicly traded securities | $4,719,970 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $570,621 |
| Total assets | $19,251,076 |
| Accounts payable and accrued expenses | $449,347 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $10,092,755 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,630,721 |
| Total liabilities | $27,172,823 |
| Net assets without donor restrictions | -$8,005,786 |
| Net assets with donor restrictions | $84,039 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,251,076 |