Florida Living Options Inc
- Assets
- $5.7m
- Revenue
- -$368.4k
- Investments
- $0.0
- Employees
- 648
- Location
- Galesburg, IL
- Founding
- 09/2002
- Data as of
- 06/2022
- EIN
- 36-4467489
Organization Overview
Florida Living Options Inc is located in Galesburg, IL. The organization was established in 2002. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2022, Florida Living Options Inc employed 648 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Living Options Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE & OPERATE NURSING HOMES, ASSISTED LIVING FACILITIES & RETIREMENT HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL PROGRAM SERVICES RELATE TO PROVIDING AND OPERATING SKILLED NURSING FACILITIES, ASSISTED LIVING FACILITIES AND INDEPENDENT LIVING FACILITIES FOR QUALIFYING RESIDENTS. THE ORGANIZATION OPERATED 8 FACILITIES WITH A COMBINED TOTAL OF 702 BEDS WITHIN THESE FACILITIES. THE ORGANIZATION SOLD THESE FACILITIES DURING TAX YEAR 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles D Westbay President & Director | OfficerTrustee | 2 | $3,000 |
John Crock Vice President & Director | OfficerTrustee | 2 | $3,000 |
John Thompson Secretary & Director | OfficerTrustee | 2 | $3,000 |
Dale Fenwick Director | Trustee | 2 | $3,000 |
Kenneth Harkins Director | Trustee | 2 | $1,500 |
Ron Wilson Flasc Inc CFO | Officer | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Consonus Rehab Therapy Services | 6/29/22 | $1,384,081 |
Fudge Broadwater Pa Legal Services | 6/29/22 | $683,394 |
Andrews Law Firm Trust Account Legal Services | 6/29/22 | $468,234 |
Flasc Inc Administrative Services | 6/29/22 | $377,424 |
Ltc Support Services Llc Support Services | 6/29/22 | $189,754 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,559,557 |
| All other contributions, gifts, grants, and similar amounts not included above | $120 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,559,677 |
| Total Program Service Revenue | $166,201 |
| Investment income | $5,485 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,666,835 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$368,375 |
| 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 | $0 |
| Pension plan accruals and contributions | $3,619 |
| Other employee benefits | $12,490 |
| Payroll taxes | $1,325 |
| Fees for services: Management | $7,274 |
| Fees for services: Legal | $482,569 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,967 |
| Advertising and promotion | $33,783 |
| Office expenses | $1,426 |
| Information technology | $6,970 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,185 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $169,292 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $517,326 |
| All other expenses | $193,125 |
| Total functional expenses | $1,552,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,570,676 |
| Savings and temporary cash investments | $1,875,051 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $120,245 |
| 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 | $115,328 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $10,000 |
| Intangible assets | $0 |
| Other assets | $896 |
| Total assets | $5,692,196 |
| Accounts payable and accrued expenses | $2,596,875 |
| 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 | $10,521,411 |
| Other liabilities | $30,000 |
| Total liabilities | $13,148,286 |
| Net assets without donor restrictions | -$7,456,090 |
| 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 | $5,692,196 |