Sun Coast Nursing Centers Inc
- Assets
- $443.4m
- Revenue
- $249.5m
- Investments
- $0.0
- Employees
- 3,466
- Location
- Bala Cynwyd, PA
- Founding
- 02/2004
- Data as of
- 12/2023
- EIN
- 20-0091844
Organization Overview
Sun Coast Nursing Centers Inc is located in Bala Cynwyd, PA. The organization was established in 2004. According to its NTEE Classification (E90) the organization is classified as: Nursing, under the broad grouping of Health Care and related organizations. As of 12/2023, Sun Coast Nursing Centers Inc employed 3,466 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sun Coast Nursing Centers Inc 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 12/2023, Sun Coast Nursing Centers Inc generated $249.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $256.7m during the year ending 12/2023. While expenses have increased by 1.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE NURSING HOMES, PROVIDE HOUSING, AND DEVELOP MEDICAL PROGRAMS FOR THE CARE OF THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES 17 SKILLED NURSING FACILITIES AND IS COMMITTED TO PROVIDING REHABILITATION AND SHORT AND LONG TERM NURSING AND MEDICAL CARE OF PATIENTS AND RESIDENTS. THE ORGANIZATION PROVIDES NUMEROUS ACTIVITIES AND PROGRAMS INCORPORATING AND PROMOTING FAMILY ACTIVITIES AND INVOLVEMENT WITH RESIDENTS AND STAFF. THESE ACTIVITIES PROMOTE A NORMALIZED ENVIRONMENT. DURING THE CURRENT YEAR, THERE WERE 755,528 RESIDENT DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bolarinwa J Ajakaye Rn Supervisor | 40 | $274,858 | |
Valerie Ann Gray Administrator | 40 | $237,853 | |
Ernande A Fortune Cherubin Administrator | 40 | $236,000 | |
Antonio Dorisca Rn Supervisor | 40 | $241,296 | |
Donna George Registered Nurse | 40 | $247,439 | |
Howard Jaffe President | OfficerTrustee | 16 | $180,758 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Select Rehabilitation Inc Therapy Services | 12/30/23 | $27,348,542 |
Healthcare Services Group Inc Environmental Services | 12/30/23 | $5,972,048 |
Pharmerica Pharmacy Services | 12/30/23 | $3,390,582 |
Kane Financial Services Consulting Services | 12/30/23 | $5,746,522 |
Aegir Health Services Llc Consulting Services | 12/30/23 | $2,759,747 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $142,620 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,620 |
| Total Program Service Revenue | $249,368,460 |
| Investment income | $21,879 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $249,532,959 |
| 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. | $265,605 |
| Compensation of current officers, directors, key employees. | $265,605 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,510,668 |
| Pension plan accruals and contributions | $149,983 |
| Other employee benefits | $11,943,712 |
| Payroll taxes | $7,895,762 |
| Fees for services: Management | $6,102,967 |
| Fees for services: Legal | $923,465 |
| Fees for services: Accounting | $189,036 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,339,938 |
| Advertising and promotion | $232,041 |
| Office expenses | $1,797,281 |
| Information technology | $1,663,463 |
| Royalties | $0 |
| Occupancy | $30,538,951 |
| Travel | $2,297,646 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $157,180 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,739,598 |
| Insurance | $5,685,033 |
| All other expenses | $2,161,616 |
| Total functional expenses | $256,669,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,847,676 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,866,474 |
| Net Land, buildings, and equipment | $38,365,333 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,959,714 |
| Intangible assets | $0 |
| Other assets | $376,335,751 |
| Total assets | $443,374,948 |
| Accounts payable and accrued expenses | $51,740,242 |
| Grants payable | $0 |
| Deferred revenue | $157,380 |
| Tax-exempt bond liabilities | $0 |
| 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 | $8,883,961 |
| Other liabilities | $379,388,754 |
| Total liabilities | $440,170,337 |
| Net assets without donor restrictions | $3,204,611 |
| Net assets with donor restrictions | $0 |
| 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 | $443,374,948 |
Grants Awarded
Over the last fiscal year, Sun Coast Nursing Centers Inc has awarded $5,068,895 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA HEALTHCARE ASSOCIATION PURPOSE: GENERAL SUPPORT | $68,895 |
FRONTLINE SENIOR CARE INC PURPOSE: GENERAL SUPPORT | $5,000,000 |