East Ridge Retirement Village Inc
- Assets
- $79.5m
- Revenue
- $32.4m
- Investments
- $0.0
- Employees
- 469
- Location
- Gainesville, FL
- Founding
- 05/1964
- Data as of
- 12/2023
- EIN
- 59-0903331
Organization Overview
East Ridge Retirement Village Inc is located in Gainesville, FL. The organization was established in 1964. 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 12/2023, East Ridge Retirement Village Inc employed 469 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Ridge Retirement Village 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 12/2023, East Ridge Retirement Village Inc generated $32.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $35.5m during the year ending 12/2023. While expenses have increased by 6.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING, MEALS, HEALTH CARE AND RELATED SERVICES TO SENIOR CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EAST RIDGE RETIREMENT VILLAGE PROVIDED SKILLED NURSING AND RELATED HEALTH CARE SERVICES, INCLUDING THERAPY FOR INDIVIDUALS WHO ARE UNABLE TO CARE FOR THEMSELVES. TOTAL RESIDENT DAYS SERVED IN 2023 WERE 56,428.
EAST RIDGE RETIREMENT VILLAGE PROVIDED RECREATIONAL, CULTURAL, AND HOBBY ACTIVITIES, INCLUDING TRANSPORTATION TO LOCAL EVENTS OF INTEREST. APPROXIMATELY 3428 RESIDENTS PER DAY WERE PROVIDED SERVICES IN 2023.
EAST RIDGE RETIREMENT VILLAGE PROVIDED CLEANING, LAUNDRY, MAINTENANCE, SECURITY AND UTILITIES TO SENIORS IN RESIDENTIAL UNITS. THE AVERAGE NUMBER OF UNITS SERVED IN 2023 PER DAY WERE 326.
EAST RIDGE RETIREMENT VILLAGE PROVIDED THREE MEALS DAILY TO SENIOR RESIDENTS AND TRAY SERVICE TO INDIVIDUALS LOCATED IN THE SKILLED NURSING CENTER OR THOSE UNABLE TO LEAVE THEIR APARTMENTS. TOTAL MEALS SERVED IN 2023 WERE APPROXIMATELY 206,157.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence G Schreiber President & CEO | OfficerTrustee | 1 | $0 |
Steven Ziegler President And Clo | Officer | 1 | $0 |
Glenda Evans Hood Chair | OfficerTrustee | 1 | $0 |
Jackson Norman Sasser PHD Vice Chair | OfficerTrustee | 1 | $0 |
Benjamin Irving Doerr Jr Treasurer | OfficerTrustee | 1 | $0 |
Kevin R Maddron Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Santafe Management Services Management Services | 12/30/23 | $1,422,830 |
Select Rehabilitation Llc Therapist Services | 12/30/23 | $848,332 |
Ltc Pharma Hldgs Llc Pharmaceutical Services | 12/30/23 | $326,343 |
Brightview Landscape Maintenance Services | 12/30/23 | $304,767 |
Shiftkey Llc Health Care Services | 12/30/23 | $292,363 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,580,704 |
| Government grants | $0 |
| 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 | $2,580,704 |
| Total Program Service Revenue | $29,627,866 |
| Investment income | $478,030 |
| Tax Exempt Bond Proceeds | -$219,762 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$64,657 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,402,181 |
| 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 | $11,737,393 |
| Pension plan accruals and contributions | $87,118 |
| Other employee benefits | $1,230,036 |
| Payroll taxes | $825,611 |
| Fees for services: Management | $2,038,606 |
| Fees for services: Legal | $86,265 |
| Fees for services: Accounting | $60,233 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,449 |
| Fees for services: Other | $331,993 |
| Advertising and promotion | $711,417 |
| Office expenses | $315,305 |
| Information technology | $536,889 |
| Royalties | $0 |
| Occupancy | $3,032,854 |
| Travel | $34,281 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,450,661 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,462,253 |
| Insurance | $2,113,366 |
| All other expenses | $702,735 |
| Total functional expenses | $35,503,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $4,614,122 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,178,615 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $372,006 |
| Prepaid expenses and deferred charges | $432,771 |
| Net Land, buildings, and equipment | $59,242,453 |
| Investments—publicly traded securities | $3,397,314 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,274,601 |
| Total assets | $79,512,482 |
| Accounts payable and accrued expenses | $2,218,883 |
| Grants payable | $0 |
| Deferred revenue | $15,456,947 |
| Tax-exempt bond liabilities | $64,945,454 |
| 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 | $20,907,296 |
| Total liabilities | $103,528,580 |
| Net assets without donor restrictions | -$25,650,781 |
| Net assets with donor restrictions | $1,634,683 |
| 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 | $79,512,482 |