J H Floyd Foundation Inc
- Assets
- $1.4m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 29
- Location
- Sarasota, FL
- Founding
- 05/2010
- Data as of
- 12/2022
- EIN
- 27-1096668
Organization Overview
J H Floyd Foundation Inc is located in Sarasota, FL. The organization was established in 2010. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, J H Floyd Foundation Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J H Floyd Foundation 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, J H Floyd Foundation Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $732.4k 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
THROUGH APRIL 7 2022, MISSION WAS TO MEET THE HEALTH CARE AND HOUSING NEEDS OF THE ELDERLY RESIDENTS OF THE COMMUNITY WITH A COMMITMENT TO THEIR PHYSICAL, PERSONAL, AND EMOTIONAL NEEDS. AFTER SALE OF FACILITIES, MISSION IS TO PROVIDE SCHOLARSHIP OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUNSHINE MEADOWS ASSISTED LIVING FACILITY, INC. WAS A 75 BED NON-PROFIT HEALTH CARE INSTITUTION LOCATED IN SARASOTA, FL, WHICH PROVIDED ASSISTED LIVING SERVICES TO ELDERLY RESIDENTS OF THE COMMUNITY WITH A COMMITMENT TO THEIR PHYSICAL, PERSONAL, AND EMOTIONAL NEEDS WHILE PROVIDING AN ENVIRIONMENT WHICH ENCOURAGES INDEPENDENCE AND FEELING OF SELF-WORTH. AFTER SALE OF FACITLIES IN APRIL 2022, THE ORGANIZATION WITH NAME CHANGE TO JH FLOYD FOUNDATION INC IS BEGINNING TO PROVIDE SCHOLARSHIP OPPORTUNITIES IN HEALTHCARE TO MEMBERS OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert Phillips Director | Trustee | 1 | $0 |
Raymell Grimes Director | Trustee | 1 | $0 |
George Bumbray Director | Trustee | 1 | $0 |
Yolanda Ryan Director | Trustee | 0 | $0 |
Scott Biehler Treasurer And Director | OfficerTrustee | 1 | $0 |
James C Brown Chairman And Director | OfficerTrustee | 1 | $0 |
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 | $70,154 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,154 |
| Total Program Service Revenue | $296,410 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,314,535 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,681,099 |
| 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 | $501,524 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,358 |
| Payroll taxes | $28,226 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,860 |
| Fees for services: Accounting | $21,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,080 |
| Advertising and promotion | $0 |
| Office expenses | $4,494 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,860 |
| Travel | $168 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,202 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,165 |
| Insurance | $18,810 |
| All other expenses | $4,053 |
| Total functional expenses | $732,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,363,757 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,363,757 |
| Accounts payable and accrued expenses | $27,283 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,283 |
| Net assets without donor restrictions | $1,336,474 |
| 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 | $1,363,757 |