Sunnyside Properties Of Sarasota Inc
- Assets
- $64.6m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 334
- Location
- Sarasota, FL
- Founding
- 11/1977
- Data as of
- 06/2022
- EIN
- 59-1751316
Organization Overview
Sunnyside Properties Of Sarasota Inc is located in Sarasota, FL. The organization was established in 1977. 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 06/2022, Sunnyside Properties Of Sarasota Inc employed 334 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunnyside Properties Of Sarasota 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 06/2022, Sunnyside Properties Of Sarasota Inc generated $13.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $10.1m during the year ending 06/2022. While expenses have increased by 12.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH SERVICES AND PROGRAMS IN A CHRISTIAN ENVIRONMENT TO SENIORS AGE 55 AND OVER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCOMMODATIONS WERE PROVIDED FOR 311 INDEPENDENT LIVING RESIDENTS, 59 RESIDENTS REQUIRING ASSISTANCE WITH DAILY ACTIVITIES AND 195 RESIDENTS REQUIRING SKILLED NURSING OR REHABILITATIVE CARE. FACILITIES ARE ROUTINELY UPGRADED TO ASSURE THE PROPERTY IS MAINTAINED IN ORDER TO PROVIDE PLEASANT, SAFE AND SECURE RESIDENT HOMES AND FACILITIES. SUNNYSIDE'S SKILLED NURSING FACILITY MAINTAINS A FIVE-STAR RATED PROGRAM. SUNNYSIDE ALSO MAINTAINS SIGNIFICANTLY HIGHER THAN BENCHMARK SCORES FOR RESIDENT SATISFACTION IN INDEPENDENT LIVING INCLUDING SUCH FACTORS AS OVERALL SATISFACTION, VALUE FOR PRICE PAID, LONG-TERM CONFIDENCE IN THE FACILITY, FULFILLMENT OF ITS MISSION STATEMENT AND "WOULD YOU RECOMMEND SUNNYSIDE VILLAGE TO A FRIEND."
SUNNYSIDE VILLAGE PROVIDED SERVICES TO A 226-UNIT INDEPENDENT LIVING RETIREMENT COMMUNITY FOR 311 RESIDENTS AGED 55 AND OLDER, PROVIDING DINING SERVICES, MAINTENANCE, 24-HOUR CAMPUS PATROL, EMERGENCY CALL SYSTEMS INCLUDING PERSONAL CALL PENDANTS, COMMUNITY EVENTS, ACTIVITIES, WELLNESS INITIATIVES, AND TRANSPORTATION OPTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis Ross II Chair | OfficerTrustee | 2 | $0 |
Wade Harris Vice Chair | OfficerTrustee | 2 | $0 |
Douglas Graber Treasurer | OfficerTrustee | 2 | $0 |
Kathy Bender Secretary | OfficerTrustee | 2 | $0 |
Beth Ebersole Director | Trustee | 2 | $0 |
Robert Pohl Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcintyre Elwell & Strammer General Contr General Contractor | 6/29/22 | $2,015,329 |
Yoder Boyz Enterprises Inc Building Services | 6/29/22 | $849,486 |
Mullet's Aluminum Products Inc Building Services | 6/29/22 | $678,760 |
Classic Floors Building Services | 6/29/22 | $351,218 |
Byerly Cabinetry Inc Building Services | 6/29/22 | $276,591 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,908,674 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,945 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,918,619 |
| Total Program Service Revenue | $10,543,597 |
| Investment income | $513,517 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,570 |
| Net Gain/Loss on Asset Sales | $714,125 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,711,428 |
| 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. | $429,867 |
| Compensation of current officers, directors, key employees. | $429,867 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,137,679 |
| Pension plan accruals and contributions | $80,374 |
| Other employee benefits | $216,383 |
| Payroll taxes | $213,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,456 |
| Fees for services: Accounting | $48,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $107,077 |
| Fees for services: Other | $482,440 |
| Advertising and promotion | $39,901 |
| Office expenses | $22,576 |
| Information technology | $102,891 |
| Royalties | $0 |
| Occupancy | $1,716,397 |
| Travel | $45,037 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,819 |
| Interest | $959,790 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,348,134 |
| Insurance | $395,222 |
| All other expenses | $0 |
| Total functional expenses | $10,098,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $800 |
| Savings and temporary cash investments | $826,150 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $539,371 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,646 |
| Prepaid expenses and deferred charges | $153,368 |
| Net Land, buildings, and equipment | $38,786,542 |
| Investments—publicly traded securities | $24,070,392 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $37,066 |
| Other assets | $196,035 |
| Total assets | $64,627,370 |
| Accounts payable and accrued expenses | $1,819,667 |
| Grants payable | $0 |
| Deferred revenue | $15,210,577 |
| Tax-exempt bond liabilities | $21,678,055 |
| 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 | $1,063,480 |
| Total liabilities | $39,771,779 |
| Net assets without donor restrictions | $24,855,591 |
| 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 | $64,627,370 |