Vicars Landing
- Assets
- $208.1m
- Revenue
- $27.0m
- Investments
- $84.2m
- Employees
- 378
- Location
- Ponte Vedra Beach, FL
- Founding
- 11/1986
- Data as of
- 12/2021
- EIN
- 59-2555812
Organization Overview
Vicars Landing, operating under the name Vicar's Landing, is located in Ponte Vedra Beach, FL. The organization was established in 1986. 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, Vicar's Landing employed 378 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vicar's Landing 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, Vicar's Landing generated $27.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $26.1m during the year ending 12/2021. While expenses have increased by 3.7% 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 RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RETIREMENT COMMUNITY CONSISTS OF 227 INDEPENDENT RESIDENTIAL UNITS, 38 ASSISTED LIVING UNITS, AND A 60-BED SKILLED NURSING CENTER. THE ORGANIZATION OPERATES UNDER THE "CONTINUING CARE" CONCEPT IN WHICH RESIDENTS ENTER INTO AN OCCUPANCY AGREEMENT, WHICH REQUIRES PAYMENT OF A ONE-TIME ENTRANCE FEE AND A MONTHLY SERVICE FEE. GENERALLY, THESE PAYMENTS ENTITLE RESIDENTS TO THE USE AND PRIVILEGE OF VICAR'S LANDING FOR LIFE, INCLUDING CERTAIN NURSING SERVICES IN THE ORGANIZATION'S SKILLED NURSING FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa M Crosby Director Of Sales And Mark | 40 | $152,191 | |
Mark Bonner Chair | OfficerTrustee | 2 | $0 |
D Bruce Jones Chief Executive Officer | Officer | 19 | $0 |
Dale Pirkle Chief Operating Officer | Officer | 37 | $0 |
Darren Roy Chief Financial Officer | Officer | 23 | $0 |
Christine Ng Vice Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marvin Mckenzie Ross Construction Services | 12/30/21 | $1,358,432 |
Rlps Llc Architectural Services | 12/30/21 | $1,222,363 |
Smart Solutions Construction Group Construction Services | 12/30/21 | $923,681 |
Lcps Management Inc Management Services | 12/30/21 | $914,218 |
Umbrella It Solutions Llc It Support Services | 12/30/21 | $379,484 |
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 | $8,033 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,033 |
| Total Program Service Revenue | $23,600,896 |
| Investment income | $480,212 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,524,402 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,996,268 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,864 |
| Grants and other assistance to domestic individuals. | $91,023 |
| 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 | $7,013,998 |
| Pension plan accruals and contributions | $134,982 |
| Other employee benefits | $1,209,448 |
| Payroll taxes | $527,701 |
| Fees for services: Management | $914,635 |
| Fees for services: Legal | $106,173 |
| Fees for services: Accounting | $34,656 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $169,279 |
| Fees for services: Other | $517,772 |
| Advertising and promotion | $46,407 |
| Office expenses | $33,423 |
| Information technology | $505,259 |
| Royalties | $0 |
| Occupancy | $2,934,939 |
| Travel | $17,659 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,023 |
| Interest | $777,837 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,039,039 |
| Insurance | $413,572 |
| All other expenses | $149,407 |
| Total functional expenses | $26,145,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,268,859 |
| Savings and temporary cash investments | $755,882 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $361,352 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $113,249 |
| Prepaid expenses and deferred charges | $610,081 |
| Net Land, buildings, and equipment | $79,128,340 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $84,214,781 |
| Investments—program-related | $0 |
| Intangible assets | $111,864 |
| Other assets | $39,549,357 |
| Total assets | $208,113,765 |
| Accounts payable and accrued expenses | $5,462,866 |
| Grants payable | $0 |
| Deferred revenue | $67,528,945 |
| Tax-exempt bond liabilities | $96,324,823 |
| 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 | $18,834,989 |
| Other liabilities | $51,676,039 |
| Total liabilities | $239,827,662 |
| Net assets without donor restrictions | -$31,713,897 |
| 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 | $208,113,765 |
Grants Awarded
Over the last fiscal year, Vicars Landing has awarded $172,088 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Ponte Vedra, FL PURPOSE: TO CONTRIBUTE WHEN THE ORGANIZATION BROKE OUT AS A SEPARATE ENTITY | $159,588 |
St Augustine, FL PURPOSE: TO ASSIST WITH THE MEALS ON WHEELS PROGRAM | $12,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vicars Landing has recieved totaling $4,307.
| Awarding Organization | Amount |
|---|---|
Lcps Management Inc Ponte Vedra Beach, FL PURPOSE: EMERGENCY ASSISTANCE FOR EMPLOYEES | $4,307 |
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 |