The Moorings Incorporated
- Assets
- $850.8m
- Revenue
- $103.4m
- Investments
- $0.0
- Employees
- 624
- Location
- Naples, FL
- Founding
- 10/1978
- Data as of
- 12/2021
- EIN
- 59-1834357
Organization Overview
The Moorings Incorporated is located in Naples, FL. The organization was established in 1978. 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, Moorings Incorporated employed 624 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moorings Incorporated 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, Moorings Incorporated generated $103.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $103.0m during the year ending 12/2021. While expenses have increased by 2.3% 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.
Since 2015, Moorings Incorporated has awarded 64 individual grants totaling $41,576,087. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SIMPLY THE BEST FACILITIES, SERVICES AND PROGRAMS FOR SUCCESSFUL AGING WITH PROFESSIONAL AND COMPASSIONATE CARE TO EACH PERSON WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MOORINGS, INCORPORATED D/B/A MOORINGS PARK IS A LIFE CARE RETIREMENT COMMUNITY DESIGNED TO ACCOMMODATE PERSONS 62 YEARS OF AGE OR OLDER. IT CONSISTS OF 594 INDEPENDENT LIVING APARTMENTS, 114 ASSISTED LIVING UNITS, AND A 106-BED SKILLED NURSING FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katy Kurili Executive Director - Mpgl | 40 | $222,837 | |
Gina Paris Director Of Sales - Mpgl | 40 | $221,226 | |
Jordan Scardigno Executive Director - Mpgo | 40 | $212,715 | |
Randy E Powell Exec. Dir. Of Facilities | 40 | $196,176 | |
Karin Norbeck Director Of Sales - Mpgo | 40 | $172,883 | |
Daniel J Lavender President/chief Executive Officer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Suffolk Construction Company Inc General Construction Services | 12/30/21 | $24,237,637 |
Unidine Corporation Dining Services | 12/30/21 | $13,689,201 |
Cotter Construction Company General Construction Services | 12/30/21 | $10,379,011 |
Wegman Design Group Design Services | 12/30/21 | $2,494,216 |
Made In Rio Inc General Construction Services | 12/30/21 | $5,822,212 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $560,380 |
| Government grants | $182,608 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,783 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $842,771 |
| Total Program Service Revenue | $89,770,280 |
| Investment income | $3,536,924 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $63,303 |
| Net Gain/Loss on Asset Sales | $8,724,454 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $103,391,616 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $96,500 |
| 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 | $19,346,407 |
| Pension plan accruals and contributions | $773,690 |
| Other employee benefits | $2,832,949 |
| Payroll taxes | $1,396,363 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,282 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $682,164 |
| Fees for services: Other | $11,191,650 |
| Advertising and promotion | $597,185 |
| Office expenses | $130,837 |
| Information technology | $643,015 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,926 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,204 |
| Interest | $4,665,915 |
| Payments to affiliates | $8,007,212 |
| Depreciation, depletion, and amortization | $31,637,313 |
| Insurance | $2,799,581 |
| All other expenses | $4,648,246 |
| Total functional expenses | $102,963,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,999,998 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,040,249 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $395,236 |
| Prepaid expenses and deferred charges | $664,403 |
| Net Land, buildings, and equipment | $622,078,161 |
| Investments—publicly traded securities | $194,847,456 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,812,562 |
| Total assets | $850,838,065 |
| Accounts payable and accrued expenses | $13,390,178 |
| Grants payable | $0 |
| Deferred revenue | $519,757,012 |
| Tax-exempt bond liabilities | $191,148,310 |
| 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 | $62,025,963 |
| Total liabilities | $786,321,463 |
| Net assets without donor restrictions | $64,169,150 |
| Net assets with donor restrictions | $347,452 |
| 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 | $850,838,065 |
Grants Awarded
Over the last fiscal year, The Moorings Incorporated has awarded $96,451 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Naples, FL PURPOSE: GOLDEN APPLE SPONSORSHIP | $30,000 |
Naples, FL PURPOSE: PARTNERSHIP FOR COLLIERS FUTURE ECONOMY / LEGACY LEADERS & ANNUAL MEETING SPONSORSHIP | $17,500 |
Naples, FL PURPOSE: ELIMINATE SUBSTANDARD HOUSING THROUGH CONSTRUCTING, REHABILITATING AND PRESERVING HOMES | $15,000 |
Sioux Falls, SD PURPOSE: PROVIDE LEADERS WITH THE STRUCTURE AND MECHANISMS TO ADDRESS CRITICAL SOCIETAL NEEDS | $10,000 |
Naples, FL PURPOSE: SOUND MINDS SPONSORSHIP | $10,000 |
Fort Myers, FL PURPOSE: ANNUAL SPONSORSHIP - INSPIRES AND PREPARES YOUNG PEOPLE FOR SUCCESS | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Moorings Incorporated has recieved totaling $560,380.
| Awarding Organization | Amount |
|---|---|
Moorings Park Foundation Inc Naples, FL PURPOSE: CAPITAL PROJECTS & ART PROGRAMMING | $560,380 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Retirement Communities Inc Orlando, FL | $554,022,410 | $139,083,000 |
Noland Health Services Inc Birmingham, AL | $492,018,562 | $156,922,166 |
Christian & Missionary Alliance Foundation Inc Fort Myers, FL | $765,754,381 | $132,801,678 |
Miami Jewish Health Systems Inc Miami, FL | $91,015,655 | $95,541,241 |
The Moorings Incorporated Naples, FL | $850,838,065 | $103,391,616 |
Cornerstone Hospice & Palliative Care Inc Tavares, FL | $81,907,139 | $88,879,858 |
John Knox Village Of Florida Inc Pompano Beach, FL | $388,984,733 | $61,308,689 |
Naval Continuing Care Retirement Foundation Inc Atlantic Beach, FL | $325,372,144 | $53,968,868 |
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 |