Institute For Senior Living Of Florida Inc
- Assets
- $115.2m
- Revenue
- $46.3m
- Investments
- $0.0
- Employees
- 728
- Location
- Bala Cynwyd, PA
- Founding
- 11/2004
- Data as of
- 12/2022
- EIN
- 20-0904526
Organization Overview
Institute For Senior Living Of Florida Inc is located in Bala Cynwyd, PA. The organization was established in 2004. 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, Institute For Senior Living Of Florida Inc employed 728 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Senior Living Of Florida 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 12/2022, Institute For Senior Living Of Florida Inc generated $46.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $53.9m during the year ending 12/2022. 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
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 SKILLED NURSING AND ASSISTED LIVING FACILITIES DEDICATED AND COMMITTED TO PROVIDING REHABILITATION AND LONG-TERM CARE FOR PATIENTS AND RESIDENTS, AND HOUSING AND ASSISTANCE FOR THOSE PERSONS REQUIRING LESSER CARE. THE ORGANIZATION PROVIDES NUMEROUS ACTIVITIES AND PROGRAMS INCORPORATING AND PROMOTING FAMILY ACTIVITIES AND INVOLVEMENT WITH RESIDENTS AND STAFF. THESE ACTIVITIES PROMOTE A NORMALIZED CARE ENVIRONMENT. THE COMBINED CAPACITY OF THE SKILLED NURSING FACILITIES IS 360 BEDS. THE COMBINED CAPACITY OF THE ASSISTED LIVING FACILITIES IS 319 UNITS. DURING THE CURRENT YEAR, THERE WERE 53,939 RESIDENT DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Butler Administrator | 40 | $246,387 | |
Elena Carolina Desmond Administrator | 40 | $184,395 | |
Maria Perez-Hernandez Administrator | 40 | $166,239 | |
Samuel O Ihekwoaba Registered Nurse | 40 | $159,548 | |
Maria Mercedes Wynruit Director Of Nursing | 40 | $141,446 | |
Howard Jaffe President | OfficerTrustee | 2.37 | $49,762 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Acute Quality Staffing Staffing Services | 12/30/22 | $4,878,669 |
Select Rehabilitation Inc Therapy Services | 12/30/22 | $10,106,971 |
Jeffrey R Bankston Pa Legal Services | 12/30/22 | $3,623,168 |
Consulting Support Services Llc Consulting Services | 12/30/22 | $2,244,438 |
Asnis Srebnick & Kaufman Llc Legal Services | 12/30/22 | $2,062,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $404,320 |
| All other contributions, gifts, grants, and similar amounts not included above | $552,259 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $956,579 |
| Total Program Service Revenue | $45,130,107 |
| Investment income | $188,716 |
| 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 | $46,275,402 |
| 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. | $108,042 |
| Compensation of current officers, directors, key employees. | $108,042 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,170,903 |
| Pension plan accruals and contributions | $24,467 |
| Other employee benefits | $2,526,032 |
| Payroll taxes | $1,372,926 |
| Fees for services: Management | $1,383,076 |
| Fees for services: Legal | $150,906 |
| Fees for services: Accounting | $77,904 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,457,678 |
| Advertising and promotion | $262,013 |
| Office expenses | $333,471 |
| Information technology | $307,379 |
| Royalties | $0 |
| Occupancy | $10,838,875 |
| Travel | $442,696 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $127,623 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,068,281 |
| Insurance | $514,505 |
| All other expenses | $197,422 |
| Total functional expenses | $53,894,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450,719 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,126,605 |
| 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 | $234,481 |
| Net Land, buildings, and equipment | $10,327,158 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,209,310 |
| Intangible assets | $0 |
| Other assets | $99,850,986 |
| Total assets | $115,199,259 |
| Accounts payable and accrued expenses | $8,094,564 |
| Grants payable | $0 |
| Deferred revenue | $776,432 |
| 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 | $1,081,476 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $102,694,562 |
| Total liabilities | $112,647,034 |
| Net assets without donor restrictions | $2,552,225 |
| 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 | $115,199,259 |
Grants Awarded
Over the last fiscal year, Institute For Senior Living Of Florida Inc has awarded $1,010,197 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA HEALTH CARE ASSOCIATION PURPOSE: GENERAL PURPOSE | $10,197 |
FRONTLINE SENIOR CARE INC PURPOSE: GENERAL PURPOSE | $1,000,000 |