Southwest Florida Retirement Center
- Assets
- $167.0m
- Revenue
- $28.4m
- Investments
- $314.8k
- Employees
- 329
- Location
- Venice, FL
- Founding
- 03/1981
- Data as of
- 12/2020
- EIN
- 59-1931148
Organization Overview
Southwest Florida Retirement Center, operating under the name Village On The Isle, is located in Venice, 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 On The Isle employed 329 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village On The Isle 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 On The Isle generated $28.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $30.7m during the year ending 12/2020. While expenses have increased by 8.9% 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
PROVIDE HOUSING, HEALTHCARE, PROMOTE HEALTH & WELLNESS AS WELL AS RELATED SERVICES TO SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VILLAGE ON THE ISLE PROVIDES FOR INDEPENDENT LIVING APARTMENTS AND SERVICES TO 298 RESIDENTS IN 231 APARTMENTS & 8 COTTAGES. THE ORGANIZATION ALSO PROVIDED ASSISTED LIVING APARTMENTS AND SERVICES FOR 55 RESIDENTS IN 64 APARTMENTS.
THE ORGANIZATION PROVIDED SKILLED NURSING SERVICES TO THE ELDERLY IN THE 64 BED LICENSED NURSING HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Feller Chief Executive Officer | Officer | 49 | $290,384 |
Kathleen Rogers Chief Financial Officer | Officer | 49 | $210,959 |
Kristen Myers Sales & Marketing Director | 40 | $169,348 | |
James Marshall Health Center Director | 40 | $141,948 | |
Kera Literal Director Of Nursing | 40 | $120,807 | |
Frank Butry Ancillary Services Director | 40 | $118,291 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Coastal Property Group Of Florida Inc Construction Svcs | 12/30/21 | $4,834,415 |
Island Nurse Staffing Staffing Svs | 12/30/21 | $129,470 |
Beebe Design Studio Architects Construction Svcs | 12/30/21 | $131,391 |
Aegies Therapies Therapy Provider | 12/30/21 | $789,978 |
Hazeltine Nurseries Inc Landscaping Svcs | 12/30/21 | $231,624 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,115,659 |
| Investment income | $920,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,040 |
| Net Gain/Loss on Asset Sales | $1,351,960 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$115,737 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,386,314 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $26,056 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $904,209 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,616,718 |
| Pension plan accruals and contributions | $99,988 |
| Other employee benefits | $1,476,663 |
| Payroll taxes | $797,684 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,110 |
| Fees for services: Accounting | $81,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $205,321 |
| Fees for services: Other | $1,423,851 |
| Advertising and promotion | $291,734 |
| Office expenses | $97,522 |
| Information technology | $244,187 |
| Royalties | $0 |
| Occupancy | $2,633,189 |
| Travel | $47,904 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,599,228 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,237,682 |
| Insurance | $1,183,946 |
| All other expenses | $0 |
| Total functional expenses | $30,727,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,568,815 |
| Savings and temporary cash investments | $27,166 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,430,557 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $107,226 |
| Prepaid expenses and deferred charges | $716,937 |
| Investments—publicly traded securities | $43,168,683 |
| Investments—other securities | $314,848 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $485,580 |
| Total assets | $166,970,290 |
| Accounts payable and accrued expenses | $3,916,197 |
| Grants payable | $0 |
| Deferred revenue | $43,192,713 |
| Tax-exempt bond liabilities | $111,269,304 |
| 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 | $2,500,601 |
| Total liabilities | $160,878,815 |
| 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 | $6,091,475 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southwest Florida Retirement Center has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
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 |