Skidaway Health And Living Services Inc
- Assets
- $89.3m
- Revenue
- $17.6m
- Investments
- $9.1m
- Employees
- 303
- Location
- Savannah, GA
- Founding
- 11/1999
- Data as of
- 12/2021
- EIN
- 31-1671731
Organization Overview
Skidaway Health And Living Services Inc is located in Savannah, GA. The organization was established in 1999. 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 12/2021, Skidaway Health And Living Services Inc employed 303 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skidaway Health And Living Services 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 12/2021, Skidaway Health And Living Services Inc generated $17.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $15.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY ENRICHING THE LIVES AND WELL-BEING OF SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A CONTINUING CARE RETIREMENT COMMUNITY ("CCRC") OPERATING UNDER THE NAME "THE MARSHES OF SKIDAWAY ISLAND" (THE COMMUNITY) AND OPERATES UNDER THE "CONTINUING CARE" CONCEPT IN WHICH RESIDENTS ENTER INTO OCCUPANCY AGREEMENTS THAT REQUIRE PAYMENT OF A ONE-TIME ENTRANCE FEE AND A MONTHLY SERVICE FEE. THE COMMUNITY INCLUDES 182 INDEPENDENT LIVING UNITS, 175 OF WHICH WERE OCCUPIED AS OF DECEMBER 31, 2021. THE COMMUNITY'S SKILLED NURSING FACILITY OFFERS 24-HOUR NURSING SERVICES VIA 23 SKILLED NURSING CARE BEDS. THE COMMUNITY'S ASSISTED LIVING FACILITY OFFERS 24-HOUR ASSISTANCE TO RESIDENTS OF 21 ASSISTED LIVING UNITS. OTHER SERVICES INCLUDE FOOD SERVICE AND IN-HOME HEALTH CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Reese Food And Beverage Director | 40 | $115,649 | |
Lorna Carswell Accounting Director | Officer | 40 | $93,993 |
Charles Koepke President | OfficerTrustee | 0.5 | $0 |
Bill Sterritt Vice President | OfficerTrustee | 0.5 | $0 |
Robert J Mcguirk Treasurer | OfficerTrustee | 0.5 | $0 |
Martin L Walsh Secretary | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Life Care Services Llc Management Fees | 12/30/21 | $823,296 |
Health Pro-heritage Llc Therapy Contractor | 12/30/21 | $336,932 |
Cornerstone Renovation Group Llc Construction Services | 12/30/21 | $290,000 |
Savannah Floor Coverings Construction Services | 12/30/21 | $239,571 |
Brannen Construction Construction Services | 12/30/21 | $275,567 |
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 | $20,222 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,222 |
| Total Program Service Revenue | $17,201,657 |
| Investment income | $389,405 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$43,976 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,567,308 |
| 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. | $347,273 |
| Compensation of current officers, directors, key employees. | $347,273 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,197,853 |
| Pension plan accruals and contributions | $13,400 |
| Other employee benefits | $535,924 |
| Payroll taxes | $407,965 |
| Fees for services: Management | $760,961 |
| Fees for services: Legal | $7,957 |
| Fees for services: Accounting | $44,619 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $161,753 |
| Advertising and promotion | $257,648 |
| Office expenses | $23,370 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,597,374 |
| Travel | $3,674 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $799,603 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,320,396 |
| Insurance | $166,723 |
| All other expenses | $33,013 |
| Total functional expenses | $15,664,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,653,279 |
| Savings and temporary cash investments | $10,684,059 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $335,985 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $108,787 |
| Prepaid expenses and deferred charges | $138,404 |
| Net Land, buildings, and equipment | $60,270,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,061,592 |
| Investments—program-related | $0 |
| Intangible assets | $84,300 |
| Other assets | $3,300 |
| Total assets | $89,340,251 |
| Accounts payable and accrued expenses | $788,154 |
| Grants payable | $0 |
| Deferred revenue | $5,940,412 |
| 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 | $46,461,221 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $88,698,586 |
| Total liabilities | $141,888,373 |
| Net assets without donor restrictions | -$52,609,954 |
| Net assets with donor restrictions | $61,832 |
| 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 | $89,340,251 |
Peer Organizations
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|---|---|---|
St James Residence Of The Palm Beaches Inc West Palm Beach, FL | $94,288 | $38,104,096 |
Arbor Acres United Methodist Retirement Community Inc Winstonsalem, NC | $155,220,604 | $40,394,713 |
Chapel Hill Residential Retirement Center Inc Chapel Hill, NC | $120,640,930 | $31,949,437 |
Carolina Village Inc Hendersonville, NC | $124,169,436 | $34,185,742 |
Orlando Lutheran Towers Inc Orlando, FL | $80,032,894 | $34,936,633 |
Galloway Ridge Inc Pittsboro, NC | $130,866,786 | $36,150,184 |
Bonita Springs Retirement Village Inc Gainesville, FL | $109,847,615 | $18,938,390 |
Federation Gulfstream Housing Inc Boca Raton, FL | $0 | $28,667,255 |
Redstone Military Retirement Residence Association Huntsville, AL | $75,839,783 | $19,548,176 |
Concordia Of Florida Inc Tampa, FL | $31,059,059 | $25,497,159 |
St Andrews Residence Of The Diocese Of Southeast Florida Inc West Palm Beach, FL | $295,539 | $24,065,641 |
Cypress Of Charlotte Club Inc Charlotte, NC | $4,602,507 | $19,033,502 |