Institute For Senior Living Of Florida Inc

The information for Institute For Senior Living Of Florida Inc is as of the organization's most recent filing in December '21. This organization is located in Bala Cynwyd, PA. It has been in existence for 17 years, following its founding in 2004.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Institute For Senior Living Of Florida Inc's NTEE code is P75. The "P" tells us that the organization is classified along with Human Services. The "75" tells us that the organization is involved in Supportive Housing for Older Adults. The NTEE describes Supportive Housing for Older Adults as residential facilities for older adults who need assistance with daily living activities but do not require regular nursing care. This organization operates nursing homes, provides housing, and develops medical programs for the care of the elderly.

Program Areas

The organization operates skilled nursing and assisted living facilities dedicated to providing rehabilitation and long-term care for patients and residents, as well as housing and assistance for those requiring lesser care. They also provide numerous activities and programs that incorporate and promote family involvement. The general fund of the organization reports all revenues, support, and functional expenses that are not specifically reported by another fund or program.

Organization Staffing

The Institute For Senior Living Of Florida Inc is run by Howard Jaffe, who is the President of the organization. The organization has 804 employees, with only 13 employees being paid over $100k per year. Currently, there are no volunteers supporting the staff.

Board Governance

The Institute For Senior Living Of Florida Inc appears to be well-governed based on the information provided. The organization has a small board of 5 voting members, indicating a manageable size for decision-making and ensuring each member's voice is heard. However, it is worth noting that there are no independent members on the board, which may raise concerns about potential conflicts of interest. Fortunately, the organization does not have any potential conflicts of interest, which is a positive sign for its governance. Additionally, the presence of a conflict of interest policy and the requirement for disclosure of conflicts further demonstrates the organization's commitment to transparency and ethical practices. The fact that the organization has delegated management to an outside firm suggests a level of professionalism and expertise in handling day-to-day operations. This can help ensure that the organization's resources are effectively managed and aligned with its mission. The documentation of board meetings is another positive aspect of the organization's governance. This practice promotes transparency and accountability, allowing for proper record-keeping and reference in future decision-making processes. However, it is concerning that committee meetings are not documented, as this may hinder effective communication and collaboration within the organization. The presence of a written whistleblower policy and a document retention policy indicates that the organization is proactive in addressing potential issues and ensuring compliance with legal and ethical standards. Furthermore, the substantiation and review of leadership and officer salaries demonstrate a commitment to financial transparency and responsible use of funds. Lastly, the organization's practice of providing copies of the 990 to the board prior to filing showcases a commitment to open communication and involvement of board members in financial matters. Overall, the Institute For Senior Living Of Florida Inc appears to have a strong governance structure in place, with several policies and practices that promote transparency, accountability, and ethical conduct. However, the lack of independent members on the board and the absence of documented committee meetings may be areas for improvement to further enhance the organization's governance.

Grant History

Our dataset includes two years of grant history for the Institute For Senior Living Of Florida Inc. In these two years, they have awarded a total of four grants, with an average check size of $432,859. All four grants were awarded in the Human Services sector. Additionally, the organization has evenly distributed their grants between the states of Florida and Pennsylvania, with two grants awarded in each state.

Organization Growth

The Institute For Senior Living Of Florida Inc has experienced growth over the given time period. The organization's contributions and grants received increased from $0 in 2014 to $4.2M in 2021. Additionally, their investment income grew from $8.0K in 2014 to $78.9K in 2021. The total revenue also increased from $48.0M in 2014 to $50.1M in 2021. Furthermore, the organization's employee salaries increased from $17.5M in 2014 to $19.0M in 2021. The total number of employees also grew from 758 in 2014 to 804 in 2021. However, it is worth noting that the program service revenue decreased from $47.8M in 2014 to $45.8M in 2021, and the total expenses increased from $46.2M in 2014 to $54.0M in 2021. Overall, despite some fluctuations in specific areas, the Institute For Senior Living Of Florida Inc has shown growth over the given time period.