Coves At River Garden Inc
- Assets
- $1.4m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 71
- Location
- Jacksonville, FL
- Founding
- 01/2014
- Data as of
- 12/2022
- EIN
- 46-4357165
Organization Overview
Coves At River Garden Inc is located in Jacksonville, FL. The organization was established in 2014. 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, Coves At River Garden Inc employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coves At River Garden 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, Coves At River Garden Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $3.6m during the year ending 12/2022. While expenses have increased by 3.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
OPERATION OF AN 80-UNIT INDEPENDENT LIVING SENIOR HOUSING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COVES AT RIVER GARDEN IS AN INDEPENDENT LIVING RETIREMENT COMMUNITY CONSISTING OF 80 GARDEN APARTMENT HOMES. NESTLED ON 37 BEAUTIFUL ACRES, MEMBERS OF THE COVES ENJOY A LOVELY ENVIRONMENT THAT OFFERS COMFORT, SECURITY AND MAINTENANCE-FREE LIVING. THE COVES OFFERS INDEPENDENT BUT SERVICED LIVING, WITH ACCESS TO MANY AMENITIES AND SERVICES TO FACILITATE A LIFESTYLE THAT PROMOTES WELLNESS. ADDITIONAL SERVICES, INCLUDING RESIDENT CARE CASE MANAGEMENT PROVIDED ON A FEE-FOR-SERVICE BASIS, OFFERS RESIDENTS ACCESS TO A CONTINUUM OF CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Price President | OfficerTrustee | 1 | $0 |
Malcolm Bloom 1st Vice President | OfficerTrustee | 1 | $0 |
Shirley Bielski 2nd Vice President | OfficerTrustee | 1 | $0 |
Susan Cohen Secretary | OfficerTrustee | 1 | $0 |
Judy Paul Treasurer | OfficerTrustee | 1 | $0 |
Dr Dennis Lafer Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sysco Food Services | 12/30/22 | $119,573 |
Best Value Food Products Food Services | 12/30/22 | $145,023 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $203,658 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $203,658 |
| Total Program Service Revenue | $3,362,049 |
| Investment income | $22,044 |
| 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 | $3,587,751 |
| 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 | $876,252 |
| Pension plan accruals and contributions | $15,260 |
| Other employee benefits | $65,728 |
| Payroll taxes | $68,783 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $72,328 |
| 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 | $908,280 |
| Advertising and promotion | $17,175 |
| Office expenses | $17,925 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $922,325 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107,187 |
| Insurance | $79,493 |
| All other expenses | $474,172 |
| Total functional expenses | $3,624,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $459,643 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,041 |
| 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 | $9,045 |
| Net Land, buildings, and equipment | $835,987 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,362,716 |
| Accounts payable and accrued expenses | $153,454 |
| Grants payable | $0 |
| Deferred revenue | $13,750 |
| 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 | $354,969 |
| Total liabilities | $522,173 |
| Net assets without donor restrictions | $840,543 |
| 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 | $1,362,716 |