St Mark Village Inc
- Assets
- $27.9m
- Revenue
- $25.7m
- Investments
- $7.6m
- Employees
- 553
- Location
- Palm Harbor, FL
- Founding
- 12/1980
- Data as of
- 12/2021
- 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 12/2021, St Mark Village Inc employed 553 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 12/2021, St Mark Village Inc generated $25.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $23.1m during the year ending 12/2021. While expenses have increased by 0.5% 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
2021
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 |
|---|---|---|---|
James Douglas Fresh Chief Executive Officer | OfficerTrustee | 40 | $238,280 |
Jeffrey P Gorddard Chief Operating Officer | Officer | 40 | $179,063 |
David Neglia Chief Financial Officer | Officer | 40 | $160,340 |
Matthew Fresh Il Administrator | Officer | 40 | $119,674 |
Huseyin Isguzar Chief Culinary Officer | Officer | 40 | $112,969 |
Shelia Kynion Al Administrator | Officer | 40 | $103,665 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Functional Pathways Llc Therapy Services | 12/30/21 | $149,707 |
William Englert Construction Services | 12/30/21 | $407,275 |
Pyramid Aluminum Of Fl Construction Services | 12/30/21 | $224,432 |
Paradise Flooring Solutions Llc Construction Services | 12/30/21 | $133,433 |
R&r Acoustical Ceilings Inc Construction Services | 12/30/21 | $126,607 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,700,109 |
| All other contributions, gifts, grants, and similar amounts not included above | $438,792 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,138,901 |
| Total Program Service Revenue | $22,558,204 |
| Investment income | $5,585 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,702,690 |
| 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. | $577,684 |
| Compensation of current officers, directors, key employees. | $541,871 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,433,463 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,349,298 |
| Payroll taxes | $877,987 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,682 |
| Fees for services: Accounting | $61,870 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,411,458 |
| Advertising and promotion | $164,930 |
| Office expenses | $18,171 |
| Information technology | $341,839 |
| Royalties | $0 |
| Occupancy | $1,399,107 |
| Travel | $21,480 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $585,289 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,339,461 |
| Insurance | $838,245 |
| All other expenses | $53,535 |
| Total functional expenses | $23,061,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,251,146 |
| Savings and temporary cash investments | $689,114 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $711,600 |
| 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 | $309,238 |
| Net Land, buildings, and equipment | $12,962,186 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,608,977 |
| Investments—program-related | $0 |
| Intangible assets | $199,600 |
| Other assets | $172,965 |
| Total assets | $27,904,826 |
| Accounts payable and accrued expenses | $2,517,970 |
| Grants payable | $0 |
| Deferred revenue | $14,346,043 |
| Tax-exempt bond liabilities | $15,154,736 |
| 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 | $1,604,029 |
| Other liabilities | $1,276,047 |
| Total liabilities | $34,898,825 |
| Net assets without donor restrictions | -$7,237,500 |
| Net assets with donor restrictions | $243,501 |
| 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 | $27,904,826 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Mark Village Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Gulf Care Inc Cape Coral, FL | $96,060,136 | $33,635,859 |
Senior Care Group Inc Tampa, FL | $31,110,581 | $32,171,523 |
Magnolia Manor Inc Americus, GA | $105,196,135 | $36,011,404 |
Waterman Communities Inc Mount Dora, FL | $148,398,473 | $31,351,619 |
East Ridge Retirement Village Inc Gainesville, FL | $85,059,682 | $27,977,471 |
North Florida Retirement Village Inc Gainesville, FL | $89,998,820 | $32,740,071 |