Florida Presbyterian Homes Inc
- Assets
- $61.0m
- Revenue
- $17.8m
- Investments
- $0.0
- Employees
- 259
- Location
- Lakeland, FL
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 59-0760207
Organization Overview
Florida Presbyterian Homes Inc is located in Lakeland, FL. The organization was established in 2015. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2021, Florida Presbyterian Homes Inc employed 259 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Presbyterian 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 12/2021, Florida Presbyterian Homes Inc generated $17.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $15.0m during the year ending 12/2021. While expenses have increased by 3.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE OLDER ADULTS FROM ALL FAITHS WITH HOLISTIC, COMPASSIONATE CARE (CONTINUED ON SCHEDULE O)AND SUPPORT IN MAINTAINING INDEPENDENCE AND ACHIEVING GREATER WELLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FPHI PROVIDES HOUSING, HEALTHCARE, AND RELATED SERVICES TO SENIOR ADULTS. THE COMMUNITY IS SPONSORED BY THE SYNOD OF SOUTH ATLANTIC OF THE PRESBYTERIAN CHURCH. THE COMMUNITY CONSISTS OF 116 INDEPENDENT LIVING HOMES, 62 APARTMENTS, 47 ASSISTED LIVING APARTMENTS, AND A 68-BED SKILLED NURSING FACILITY. THE ORGANIZATION OPERATES UNDER THE "CONTINUING CARE" CONCEPT IN WHICH RESIDENTS ENTER INTO AN OCCUPANCY AGREEMENT WHICH REQUIRES PAYMENT OF A ONE-TIME ENTRANCE FEE AND A MONTHLY SERVICE FEE. GENERALLY, THESE PAYMENTS ENTITLE THE RESIDENTS TO THE USE AND PRIVILEGES OF THE COMMUNITY FOR LIFE, INCLUDING NURSING SERVICES IN THE ORGANIZATION'S SKILLED NURSING FACILITY. THE OCCUPANCY AGREEMENT DOES NOT ENTITLE THE RESIDENTS TO AN INTEREST IN THE REAL ESTATE OF ANY PROPERTY OWNED BY THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Xanthopoulos Chief Executive Officer/ed | Officer | 40 | $181,933 |
David Larson Chief Financial Officer | Officer | 40 | $149,402 |
Maria E Rivera Administrator | 40 | $121,163 | |
Stefanie Nelson Director Of Nursing | 40 | $108,545 | |
Michael W Tamney Vice Chairman | OfficerTrustee | 2 | $0 |
William Cloyd Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tmc Quality Care Rehab Therapy Services | 12/30/21 | $804,250 |
Ellerbe Construction Inc Construction Services | 12/30/21 | $349,310 |
All American Healthcare Services Inc Staffing Services | 12/30/21 | $286,183 |
Guardian Pharmacy Of Orlando Pharmacy Services | 12/30/21 | $282,287 |
Springer Construction Inc Construction Services | 12/30/21 | $282,095 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,662,522 |
| All other contributions, gifts, grants, and similar amounts not included above | $635,505 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,298,027 |
| Total Program Service Revenue | $14,182,830 |
| Investment income | $285,597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,027,214 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,797,628 |
| 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. | $383,731 |
| Compensation of current officers, directors, key employees. | $383,731 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,899,653 |
| Pension plan accruals and contributions | $71,817 |
| Other employee benefits | $887,782 |
| Payroll taxes | $387,978 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,737 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,618 |
| Fees for services: Other | $1,854,219 |
| Advertising and promotion | $37,174 |
| Office expenses | $120,227 |
| Information technology | $295,197 |
| Royalties | $0 |
| Occupancy | $1,554,532 |
| Travel | $34,064 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,493 |
| Interest | $653,343 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,980,249 |
| Insurance | $496,075 |
| All other expenses | $51,873 |
| Total functional expenses | $15,011,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,489,442 |
| Savings and temporary cash investments | $934,531 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $585,169 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $127,250 |
| Inventories for sale or use | $90,946 |
| Prepaid expenses and deferred charges | $114,354 |
| Net Land, buildings, and equipment | $33,989,555 |
| Investments—publicly traded securities | $2,315,522 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,333,411 |
| Total assets | $60,980,180 |
| Accounts payable and accrued expenses | $945,792 |
| Grants payable | $0 |
| Deferred revenue | $15,224,678 |
| Tax-exempt bond liabilities | $15,153,082 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $38,109 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,248,038 |
| Total liabilities | $32,609,699 |
| Net assets without donor restrictions | $13,332,851 |
| Net assets with donor restrictions | $15,037,630 |
| 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 | $60,980,180 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Florida Presbyterian Homes Inc has recieved totaling $60,083.
| Awarding Organization | Amount |
|---|---|
United Way Of Central Florida Inc Highland City, FL PURPOSE: Donor Designated for Disaster/ Emergency Relief | $45,000 |
Matthew 25 Ministries Inc Cincinnati, OH PURPOSE: Humanitarian Aid | $15,083 |
Endowment Analysis
| Beg. Balance | $5,402,974 |
| Earnings | $572,878 |
| Ending Balance | $5,975,852 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Methodist Home For The Aging Birmingham, AL | $118,213,803 | $51,510,138 |
Lenbrook Square Foundation Inc Atlanta, GA | $291,448,667 | $46,078,205 |
Cypress Cove At Healthpark Florida Inc Fort Myers, FL | $165,133,632 | $33,291,550 |
Glenridge On Palmer Ranch Inc Jacksonville, FL | $194,012,729 | $37,245,180 |
John Knox Village Of Central Florida Inc Orange City, FL | $183,731,535 | $56,317,098 |
Oak Hammock At The University Of Florida Inc Gainesville, FL | $123,521,355 | $38,928,213 |
Gulf Care Inc Cape Coral, FL | $96,060,136 | $33,635,859 |
Senior Care Group Inc Tampa, FL | $31,110,581 | $32,171,523 |
Magnolia Manor Inc Americus, GA | $105,196,135 | $36,011,404 |
Waterman Communities Inc Mount Dora, FL | $148,398,473 | $31,351,619 |
East Ridge Retirement Village Inc Gainesville, FL | $85,059,682 | $27,977,471 |
North Florida Retirement Village Inc Gainesville, FL | $89,998,820 | $32,740,071 |