Sunshine Christian Homes Inc
- Assets
- $4.9m
- Revenue
- $3.1m
- Investments
- $2.1m
- Employees
- 111
- Location
- Holiday, FL
- Founding
- 10/1978
- Data as of
- 12/2022
- EIN
- 51-0205101
Organization Overview
Sunshine Christian Homes Inc is located in Holiday, FL. The organization was established in 1978. 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, Sunshine Christian Homes Inc employed 111 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunshine Christian Homes 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, Sunshine Christian Homes Inc generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $3.4m 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
PROVIDES HOUSING, HEALTHCARE AND RELATED SERVICES IN A CHRISTIAN ENVIRONMENT TO SENIOR ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES AN ASSISTED LIVING CENTER AND INDEPENDENT LIVING APARTMENT BUILDINGS. IT PROVIDES HOUSING, HEALTHCARE, AND RELATED SERVICES IN A CHRISTIAN ENVIRONMENT TO SENIOR ADULTS. THE COMMUNITIES CONSIST OF 86 INDEPENDENT APARTMENT UNITS AND 108 ASSISTED LIVING APARTMENT UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Toland Ceo/chairperson | OfficerTrustee | 1 | $15,169 |
Alice Nussbaum Secretary | OfficerTrustee | 1 | $0 |
Sadie Carmack Vice Chairman | OfficerTrustee | 1 | $0 |
Robert Toland Treasurer | OfficerTrustee | 1 | $0 |
Caroll Hensley Director | Trustee | 1 | $0 |
M Kate Brusik Administrator/coo | OfficerTrustee | 1 | $83,513 |
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 | $51,379 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,379 |
| Total Program Service Revenue | $2,725,769 |
| Investment income | $84,918 |
| 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 | $3,073,047 |
| 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. | $98,682 |
| Compensation of current officers, directors, key employees. | $35,526 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,687,612 |
| Pension plan accruals and contributions | $26,348 |
| Other employee benefits | $0 |
| Payroll taxes | $146,477 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,500 |
| Fees for services: Accounting | $6,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,922 |
| Office expenses | $157,194 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $386,741 |
| 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 | $200,602 |
| Insurance | $409,626 |
| All other expenses | $9,051 |
| Total functional expenses | $3,436,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,268 |
| Savings and temporary cash investments | $849,981 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,369 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,439 |
| Prepaid expenses and deferred charges | $157,160 |
| Net Land, buildings, and equipment | $1,510,910 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,084,378 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,865,505 |
| Accounts payable and accrued expenses | $88,037 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $6,166 |
| 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 | $389,243 |
| Total liabilities | $483,446 |
| Net assets without donor restrictions | $4,268,758 |
| Net assets with donor restrictions | $113,301 |
| 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 | $4,865,505 |