St Mark Village Inc
- Assets
- $33.9m
- Revenue
- $25.7m
- Investments
- $7.9m
- Employees
- 531
- Location
- Palm Harbor, FL
- Founding
- 12/1980
- Data as of
- 12/2023
- EIN
- 59-1953357
Organization Overview
St Mark Village Inc is located in Palm Harbor, FL. The organization was established in 1980. 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, St Mark Village Inc employed 531 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Mark 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, St Mark Village Inc generated $25.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $26.4m during the year ending 12/2023. While expenses have increased by 1.9% 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
OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY TO PROVIDE HOUSING AND SERVICES TO THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES HOUSING, HEALTHCARE AND RELATED SERVICES TO SENIOR ADULTS THROUGH THE OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY CONSISTING OF APPROXIMATELY 254 INDEPENDENT APARTMENT UNITS, A 128-UNIT ASSISTED LIVING FACILITY, AND AN 80-BED SKILLED NURSING CENTER. THE TOTAL PATIENT DAYS FOR THE YEAR EQUALED APPROXIMATELY 157,600.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Gorddard Chief Executive Officer | OfficerTrustee | 40 | $254,414 |
Dick Martin Chair, President Bod | Trustee | 1 | $0 |
Deborah Woodard Secretary, Bod | Trustee | 1 | $0 |
Helen Henwood Treasurer, Bod | Trustee | 1 | $0 |
Keenan Knopke Vice Chair, Vice President | Trustee | 1 | $0 |
Clayton Chip Snare III Director, Bod | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sysco Food Services | 12/30/23 | $1,394,522 |
Cheney Brothers Inc Food Services | 12/30/23 | $331,962 |
Coastal Reconstruction Group Inc Construction | 12/30/23 | $643,162 |
Shiftmed Healthcare Services | 12/30/23 | $447,851 |
Paradise Flooring Solutions Llc Flooring | 12/30/23 | $307,323 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,487 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,487 |
| Total Program Service Revenue | $25,043,583 |
| Investment income | $552,521 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,707,091 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $183,385 |
| 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 | $11,546,504 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,420,336 |
| Payroll taxes | $880,123 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,952 |
| Fees for services: Accounting | $73,199 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,192,298 |
| Advertising and promotion | $192,759 |
| Office expenses | $297,279 |
| Information technology | $164,185 |
| Royalties | $0 |
| Occupancy | $1,579,190 |
| Travel | $12,349 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $844,747 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,253,987 |
| Insurance | $1,104,398 |
| All other expenses | $102,811 |
| Total functional expenses | $26,411,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,323,606 |
| Savings and temporary cash investments | $5,241,297 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $752,014 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $402,295 |
| Net Land, buildings, and equipment | $15,634,183 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,902,167 |
| Investments—program-related | $0 |
| Intangible assets | $196,291 |
| Other assets | $1,416,972 |
| Total assets | $33,868,825 |
| Accounts payable and accrued expenses | $1,781,745 |
| Grants payable | $0 |
| Deferred revenue | $17,183,483 |
| Tax-exempt bond liabilities | $14,424,184 |
| 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 | $5,489,278 |
| Other liabilities | $1,047,555 |
| Total liabilities | $39,926,245 |
| Net assets without donor restrictions | -$6,170,848 |
| Net assets with donor restrictions | $113,428 |
| 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 | $33,868,825 |