Palm Shores Retirement Community Inc

Organization Overview

Palm Shores Retirement Community Inc is located in Orlando, FL. The organization was established in 2002. 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 03/2022, Palm Shores Retirement Community Inc employed 167 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palm Shores Retirement Community 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 03/2022, Palm Shores Retirement Community Inc generated $16.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $14.2m during the year ending 03/2022. While expenses have increased by 5.5% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PALM SHORES RETIREMENT COMMUNITY, INC. IS A CHURCH RELATED, NON-PROFIT COMMUNITY SERVICE ORGANIZATION DEDICATED AND COMMITTED TO PROVIDING SERVICES FOR OLDER ADULTS AND PERSONS WITH SPECIAL NEEDS BY CREATING AND PRESERVING AN EXCELLENT RESIDENTIAL AND HEALTH CARE COMMUNITY PROMOTING WELLNESS AND ENCOURAGING ACTIVE AND HEALTHY LIFESTYLE CHOICES. PALM SHORES RETIREMENT COMMUNITY, INC. BELIEVES IN AND IS COMMITTED TO HONORING EACH PERSON'S DIGNITY, RIGHTS, SELF RESPECT AND INDEPENDENCE. PALM SHORES RETIREMENT COMMUNITY, INC. IS COMMITTED TO A PROGRAM OF STEWARDSHIP THAT RECOGNIZES ITS RESPONSIBILITY TO USE ITS RESOURCES WELL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOME FOR THE AGED THAT PROVIDES HOUSING, DINING, HEALTH CARE AND OTHER SERVICES FOR OLDER ADULTS AND PERSONS WITH SPECIAL NEEDS. 233 CLIENTS WERE SERVED.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
St Pete Building & Restoration
Construction
$1,567,519
Mcnatt Plumbing Company
Plumber
$1,223,211
Westminster Services Inc
Management Serv
$757,953
Westminster Home Care Services
Senior Care
$642,158
American Mechanical Solutions
Contractor
$302,324
View All Vendors

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$23,543
Noncash contributions included in lines 1a–1f $2,400
Total Revenue from Contributions, Gifts, Grants & Similar$23,543
Total Program Service Revenue$15,874,302
Investment income $93,704
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $529,841
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,521,390

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Palm Shores Retirement Community Inc has recieved totaling $37,761.

Awarding OrganizationAmount
Westminster Retirement Communities Foundation Inc

Orlando, FL

PURPOSE: BENEVOLENT ASSISTANC

$37,761
View Grant Recipient Profile

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