Carpenters Home Estates Inc, operating under the name The Estates At Carpenters, is located in Lakeland, FL. The organization was established in 1984. 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, Estates At Carpenters employed 328 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Estates At Carpenters 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, Estates At Carpenters generated $19.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $19.4m during the year ending 12/2021. While expenses have increased by 1.4% 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.
Since 2014, Estates At Carpenters has awarded 12 individual grants totaling $135,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION DEDICATES A VARIETY OF SERVICES TO MEET THE NEEDS OF ITS RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O:CARPENTER'S HOME ESTATES, INC. ("THE ESTATES") OPERATES A 72 BED SKILLED NURSING FACILITY AND PARTICIPATES IN THE MEDICARE AND MEDICAID PROGRAMS. IN 2021, 32% OF THE TOTAL PATIENT DAYS SERVED IN THE NURSING HOME WERE RECEIVING LIFECARE BENEFITS. THROUGH THEIR RESIDENT AGREEMENT, THESE RESIDENTS RECEIVE A GUARANTEE FOR THE PROVISION OF SERVICES REGARDLESS OF THEIR ABILITY TO PAY, AS LONG AS THEY HAVE NOT DISPOSED OF THEIR ASSETS AT LESS THAN FAIR MAKET VALUE. IN ADDITION, THE ESTATES DEMONSTRATES COMMITMENT TO THE SERVICE AND SUPPORT OF THE INDIGENT ELDERLY POPULATION OF THE LOCAL COMMUNITY. IN 2021, 22% OF THE TOTAL PATIENT DAYS IN THE SKILLED NURSING COMPONENT WERE FOR CARE PROVIDED TO RESIDENTS COVERED BY THE MEDICAID PROGRAM. IN THE ESTATES 35 YEAR HISTORY, NO RESIDENT HAS EVER BEEN ASKED TO LEAVE DUE TO THEIR INABILITY TO MEET THEIR FINANCIAL OBLIGATIONS TO THE ORGANIZATION.
SEE SCHEDULE O:CARPENTER'S HOME ESTATES, INC. OPERATES A 49-UNIT ASSISTED LIVING FACILITY WITH A LICENSED OCCUPANCY OF 52 RESIDENTS. THE FACILITY HOLDS AN EXTENDED CONGREGATE CARE LICENSE TO ALLOW FOR THE PROVISION OF NURSING SERVICES TO THE RESIDENTS. THIS SPECIALTY LICENSE ALLOWS THE FACILITY TO EXPAND THE NUMBER AND TYPES OF SERVICES PROVIDED TO THE RESIDENTS WITH THE INTENT OF ALLOWING THEM TO "AGE IN PLACE." THIS LICENSE AND STAFFING PATTERN, WHICH INCLUDES 24-HOUR A DAY NURSING COVERAGE, PERMITS THE RESIDENTS TO AGE WITH DIGNITY AND POSTPONES THEIR TRANSFER TO SKILLED NURSING, WHICH HAS A HIGHER COST THAN ASSISTED LIVING. IN 2021, 88% OF THE RESIDENTS SERVED IN THE ASSISTED LIVING FACILITY WERE RECEIVING LIFECARE BENEFITS. THROUGH THEIR RESIDENT AGREEMENT, THESE RESIDENTS RECEIVE A GUARANTEE FOR THE PROVISION OF SERVICES AND SUPPORT REGARDLESS OF THEIR ABILITY TO PAY, AS LONG AS THEY HAVE NOT DISPOSED OF THEIR ASSETS AT LESS THAN FAIR MARKET VALUE. IN THE ESTATES 35-YEAR HISTORY, NO RESIDENT HAS EVER BEEN ASKED TO LEAVE DUE TO THEIR INABILITY TO MEET THEIR FINANCIAL OBLIGATIONS TO THE ORGANIZATION.
SEE SCHEDULE O:CARPENTER'S HOME ESTATES, INC. OPERATES 372 INDEPENDENT LIVING APARTMENTS AS PART OF THE CONTINUING CARE RETIREMENT COMMUNITY. THE INDEPENDENT LIVING APARTMENTS PROVIDE FINANCIAL SUPPORT TO THE OPERATING ACTIVITIES OF THE SKILLED NURSING FACILITY AND THE ASSISTED LIVING FACILITY. THE ESTATES OPERATES A WELLNESS CLINIC STAFFED BY LICENSED NURSES TO PROVIDE OVERSIGHT OF RESIDENT HEALTH CONCERNS, COMMUNICATE WITH MEDICAL PROVIDERS TO IMPROVE CARE AND MINIMIZE WASTE, AND TO ASSIST IN THE COORDINATION OF OUTSIDE MEDICAL SERVICES. THE RESIDENT AGREEMENT EXECUTED AT ADMISSION TO THE COMMUNITY PROVIDES RESIDENTS WITH A SENSE OF SECURITY AND PEACE OF MIND BY GUARANTEEING THE PROVISIONS OF SERVICES AND SUPPORT FOR THE REST OF THEIR LIVES AND REGARDLESS OF THEIR ABILITY TO PAY, AS LONG AS THEY HAVE NOT DISPOSED OF THEIR ASSETS AT LESS THAN FAIR MARKET VALUE. IN THE ESTATES' 35-YEAR HISTORY, NO RESIDENT HAS EVER BEEN ASKED TO LEAVE DUE TO THEIR INABILITY TO MEET THEIR FINANCIAL OBLIGATIONS TO THE ORGANIZATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lilybeth Lucas Therapy Director | 40 | $126,838 | |
Leo Gillman President | OfficerTrustee | 2 | $0 |
Lou Mccraney Secretary/treasurer | OfficerTrustee | 2 | $0 |
Dennis Alan Ross Vice President | OfficerTrustee | 2 | $0 |
Brian Robare CEO & Executive Director | Officer | 40 | $0 |
John Thompson CFO | Officer | 40 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Hms Of Lakeland Inc Management Services | 12/30/21 | $1,222,946 |
Evangelisto Construction Llc Contractor | 12/30/21 | $1,161,892 |
Xpedeus Unified Communications Communication Services | 12/30/21 | $872,169 |
Guardian Pharmacy Of Orlando Llc Pharmaceutical Services | 12/30/21 | $186,562 |
Innovative Ink Printing Services | 12/30/21 | $174,116 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $1,833 |
Related organizations | $0 |
Government grants | $443,276 |
All other contributions, gifts, grants, and similar amounts not included above | $9,812 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $454,921 |
Total Program Service Revenue | $18,457,683 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $114,838 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $17,925 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $19,045,367 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
Grants and other assistance to domestic individuals. | $13,531 |
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 | $7,675,766 |
Pension plan accruals and contributions | $58,362 |
Other employee benefits | $836,825 |
Payroll taxes | $556,491 |
Fees for services: Management | $601,800 |
Fees for services: Legal | $68,847 |
Fees for services: Accounting | $20,610 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $92,580 |
Advertising and promotion | $372,434 |
Office expenses | $263,292 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,365,006 |
Travel | $56,171 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $1,550,645 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,446,159 |
Insurance | $490,776 |
All other expenses | $118,159 |
Total functional expenses | $19,404,254 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,896,515 |
Savings and temporary cash investments | $10,829,823 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $946,655 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $506,040 |
Inventories for sale or use | $97,272 |
Prepaid expenses and deferred charges | $742,953 |
Net Land, buildings, and equipment | $27,674,967 |
Investments—publicly traded securities | $0 |
Investments—other securities | $6,366,818 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $15,168,418 |
Total assets | $64,229,461 |
Accounts payable and accrued expenses | $2,011,288 |
Grants payable | $0 |
Deferred revenue | $17,756,019 |
Tax-exempt bond liabilities | $34,304,433 |
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 | $370,000 |
Other liabilities | $101,285 |
Total liabilities | $54,543,025 |
Net assets without donor restrictions | $9,686,436 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $64,229,461 |
Over the last fiscal year, Carpenters Home Estates Inc has awarded $10,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Lakeland, FL PURPOSE: VISTEBALL DONATION | $10,000 |
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 |