Gulf Care Inc
- Assets
- $92.5m
- Revenue
- $34.0m
- Investments
- $0.0
- Employees
- 538
- Location
- Cape Coral, FL
- Founding
- 05/1983
- Data as of
- 06/2022
- EIN
- 59-2239342
Organization Overview
Gulf Care Inc, operating under the name Gulf Coast Village, is located in Cape Coral, FL. The organization was established in 1983. 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 06/2022, Gulf Coast Village employed 538 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gulf Coast 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 06/2022, Gulf Coast Village generated $34.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $38.4m during the year ending 06/2022. While expenses have increased by 7.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING AND PERSONAL CARE SERVICES TO THE ELDERLY THROUGH THE OPERATION OF A CCRC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKILLED NURSING: THE CARE CENTER AT GULF COAST VILLAGE IS A MEDICARE-APPROVED SKILLED NURSING CARE CENTER, WITH BOTH PRIVATE AND SEMI-PRIVATE ROOMS FOR LONG AND SHORT TERM STAYS. THE PROGRAM OFFERS NURSING CARE, PERSONAL CARE, CUSTODIAL CARE AND REHABILITATION CARE TO PEOPLE WHO ARE ILL, PHYSICALLY WEAK, OR RECUPERATING FROM SURGERY. ITS DEDICATED LIFESTYLE STAFF PROVIDE A UNIQUE APPROACH THAT COMBINES PHYSICAL THERAPY WITH ACTIVITY AND SOCIALIZATION.
OTHER PROGRAM SERVICES FOR THE YEAR ENDED 6/30/2022 INCLUDE REHABILITATION SERVICES. REHABILITATION SERVICES ARE OUTPATIENT SERVICES BY GULF COAST VILLAGE, WHICH PROVIDE PATIENTS WITH QUALITY THERAPEUTIC SERVICES AT HOME OR IN THE FULL-SERVICE CLINIC. THE SKILLED TEAM OF EXPERIENCED PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS CUSTOMIZE EACH PROGRAM TO MEET THE SPECIFIC VARYING NEEDS OF EACH PATIENT.
INDEPENDENT LIVING: THE TOWERS AT GULF COAST VILLAGE PROVIDES THE OPPORTUNITY FOR VIBRANT LIVING IN A COMMUNITY. RESIDENTS ENJOY A PRIVATE, SPACIOUS HOME, MAINTENANCE-FREE LIFESTYLE AND PRIORITY ACCESS TO QUALITY HEALTH CARE, IF NEEDED.
ASSISTED LIVING: IN PALMVIEW AT GULF COAST VILLAGE, RESIDENTS LIVE CONFIDENTLY AND FREELY IN A UNIQUE ENVIRONMENT OFFERING CHOICES AND OPTIONS THAT EMPOWER THEM TO MAKE THEIR OWN DECISIONS WITHIN A STRONG NETWORK OF SUPPORT. A FOCUS ON WHOLE PERSON WELLNESS THROUGH THE "LIVINGWELL" PROGRAM MEANS RESIDENTS BECOME A PART OF A NURTURING COMMUNITY WHERE ALL RESIDENTS CAN ACHIEVE A LEVEL OF WELLNESS UNIQUE TO THEMSELVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael King President | OfficerTrustee | 3 | $0 |
Sharon L Wilson Geno Asst Secretary/treasurer | Officer | 3 | $0 |
Joseph A Budzynski Asst Secretary/treasurer | Officer | 3 | $0 |
Kimberly B King Asst Secretary/treasurer | Officer | 3 | $0 |
Peter J Desjardins Asst Secretary/treasurer | Officer | 3 | $0 |
Nancy A Gavin Asst Secretary/treasurer | Officer | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Guardian Pharmacy Healthcare Services | 6/29/20 | $711,789 |
Glynn Devins Marketing | 6/29/20 | $435,786 |
Greystone Management Services Mngmt Consulting | 6/29/20 | $568,860 |
Medline Industries Healthcare Services | 6/29/20 | $337,461 |
Network Factor It Support | 6/29/20 | $403,660 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,238,131 |
| Government grants | $1,906,502 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,152,180 |
| Total Program Service Revenue | $28,366,974 |
| Investment income | $380,865 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $85,830 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,985,849 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,889,856 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,036,622 |
| Payroll taxes | $1,522,162 |
| Fees for services: Management | $534,791 |
| Fees for services: Legal | $86,845 |
| Fees for services: Accounting | $45,217 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $92,425 |
| Fees for services: Other | $598,721 |
| Advertising and promotion | $465,848 |
| Office expenses | $178,618 |
| Information technology | $48,443 |
| Royalties | $0 |
| Occupancy | $2,172,778 |
| Travel | $17,072 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,833,229 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,773,900 |
| Insurance | $1,781,635 |
| All other expenses | $1,584,344 |
| Total functional expenses | $38,409,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,959 |
| Savings and temporary cash investments | $4,032,179 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,520,236 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $825,672 |
| Inventories for sale or use | $68,456 |
| Prepaid expenses and deferred charges | $936,553 |
| Net Land, buildings, and equipment | $63,959,639 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $19,479,819 |
| Intangible assets | $0 |
| Other assets | $1,681,342 |
| Total assets | $92,540,855 |
| Accounts payable and accrued expenses | $3,817,847 |
| Grants payable | $0 |
| Deferred revenue | $34,121,498 |
| Tax-exempt bond liabilities | $73,466,426 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,524,997 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,907,194 |
| Total liabilities | $125,837,962 |
| Net assets without donor restrictions | -$33,545,000 |
| Net assets with donor restrictions | $247,893 |
| 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 | $92,540,855 |