North Florida Retirement Village Inc
- Assets
- $90.0m
- Revenue
- $32.7m
- Investments
- $0.0
- Employees
- 515
- Location
- Gainesville, FL
- Founding
- 05/1981
- Data as of
- 12/2020
- EIN
- 59-1912330
Organization Overview
North Florida Retirement Village Inc, operating under the name The Village, is located in Gainesville, FL. The organization was established in 1981. 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, Village employed 515 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village 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 12/2020, Village generated $32.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $31.0m during the year ending 12/2020. While expenses have increased by 0.3% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SENIOR CITIZENS WITH AFFORDABLE HOUSING, MEALS, ASSISTED LIVING AND RELATED SERVICES.THE MISSION OF NORTH FLORIDA RETIREMENT VILLAGE, INC. IS TO PROVIDE AFFORDABLE HOUSING, MEALS, ASSISTED LIVING, CONGREGATE CARE AND RELATED SERVICES TO SENIOR CITIZENS. SEE PART III, LINE 1 FOR MORE INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTH FLORIDA RETIREMENT VILLAGE, INC. PROVIDED THREE MEALS DAILY TO SENIORS AND TRAY SERVICE TO INDIVIDUALS LOCATED IN THE ASSISTED LIVING AREAS OR THOSE UNABLE TO LEAVE THEIR APARTMENTS. TOTAL MEALS SERVED IN 2021 WERE 312,350.
NORTH FLORIDA RETIREMENT VILLAGE, INC. PROVIDED ASSISTED LIVING SERVICES FOR INDIVIDUALS WHO ARE UNABLE TO PERFORM ONE OR MORE BASIC ACTIVITIES OF DAILY LIVING (ADL) FOR THEMSELVES. TOTAL RESIDENT-DAYS SERVED IN 2021 WERE 38,588.
NORTH FLORIDA RETIREMENT VILLAGE, INC. PROVIDED CLEANING, LAUNDRY, MAINTENANCE, SECURITY AND UTILITIES TO SENIOR CITIZENS IN RESIDENTIAL UNITS. THE AVERAGE NUMBER OF UNITS SERVED PER DAY IN 2021 WERE 506.
NORTH FLORIDA RETIREMENT VILLAGE PROVIDED RESIDENTS WITH OTHERMISCELLANEOUS PROGRAM SERVICES INCLUDING RECREATIONAL, CULTURAL, ANDHOBBY ACTIVITIES, IN ADDITION TO TRANSPORTATION TO LOCAL EVENTS. THETOTAL AVERAGE RESIDENTS SERVED PER DAY IN 2021 WERE 581.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas E Hammond Sr Director Of Operations | 40 | $135,690 | |
Kimberly Giberti Sr Director Of Health Services | 40 | $117,425 | |
Lawrence G Schreiber Chief Executive Officer/director | OfficerTrustee | 1.5 | $0 |
Jackson N Sasser PHD Vice Chair/director | OfficerTrustee | 0.1 | $0 |
Glenda E Hood Chair/director | OfficerTrustee | 0.1 | $0 |
Robert L Epling Treasurer/director | OfficerTrustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Santafe Senior Living Inc Management | 12/30/21 | $2,001,147 |
Santafe Management Services Llc Management | 12/30/21 | $478,460 |
Epi Essential Painting Inc Improvements | 12/30/21 | $275,533 |
Brightview Landscape Services Inc Lawn Care | 12/30/21 | $369,120 |
Sherwin Williams Improvements | 12/30/21 | $265,196 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $994,640 |
| Investment income | $324,646 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $93,166 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $896 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,740,071 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $9,398,058 |
| Pension plan accruals and contributions | $281,391 |
| Other employee benefits | $1,247,129 |
| Payroll taxes | $698,794 |
| Fees for services: Management | $2,583,269 |
| Fees for services: Legal | $4,678 |
| Fees for services: Accounting | $40,254 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $255,717 |
| Advertising and promotion | $433,968 |
| Office expenses | $462,192 |
| Information technology | $268,978 |
| Royalties | $0 |
| Occupancy | $3,671,433 |
| Travel | $65,329 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,585 |
| Interest | $3,836,898 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,876,159 |
| Insurance | $869,556 |
| All other expenses | $0 |
| Total functional expenses | $31,048,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,070 |
| Savings and temporary cash investments | $2,304,033 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $179,598 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $105,533 |
| Prepaid expenses and deferred charges | $364,114 |
| Investments—publicly traded securities | $12,955,073 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,567,879 |
| Total assets | $89,998,820 |
| Accounts payable and accrued expenses | $1,125,614 |
| Grants payable | $0 |
| Deferred revenue | $95,217 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $88,590,565 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $827,384 |
| Total liabilities | $90,638,780 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$639,960 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Florida Retirement Village Inc has recieved totaling $247,983.
| Awarding Organization | Amount |
|---|---|
Santafe Senior Living Foundation Inc Gainesville, FL PURPOSE: SANTAFE SENIOR LIVING FOUNDATION, INC. PROVIDED FINANCIAL ASSISTANCE IN THE AMOUNT OF $247,983 TO SUPPORT AND FURTHER THE MISSION AND TAX EXEMPT PURPOSES OF NORTH FLORIDA RETIREMENT VILLAGE, INC. | $247,983 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
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 |