Glenridge On Palmer Ranch Inc

Organization Overview

Glenridge On Palmer Ranch Inc is located in Jacksonville, FL. The organization was established in 1998. 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, Glenridge On Palmer Ranch Inc employed 425 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glenridge On Palmer Ranch 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, Glenridge On Palmer Ranch Inc generated $37.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $39.6m during the year ending 12/2021. While expenses have increased by 1.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE GLENRIDGE SUPPORTS ITS MEMBERS AND CREATES AN ACTIVE, CARING COMMUNITY BY PROVIDING A CONTINUUM OF QUALITY LIFESTYLE PROGRAMS, HEALTH CARE PROGRAMS, AND OUTSTANDING ENRICHMENT OPPORTUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE GLENRIDGE HAS A PERMANENT CERTIFICATE OF AUTHORITY AND CERTIFICATE OF NEED FROM THE STATE OF FLORIDA TO OPERATE AS A CONTINUING CARE RETIREMENT FACILITY. THE GLENRIDGE CONSTRUCTED A CONTINUING CARE RETIREMENT COMMUNITY CONTAINING APPROXIMATELY FOUR HUNDRED SIXTEEN (416) LIVING AND NURSING UNITS TO PROVIDE HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO RESIDENTS IN SARASOTA, FL.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Taylor Built Construction Inc
Construction
$4,059,539
Deangelis Diamond Construction
Construction
$2,690,355
Ring Power Corp
Generator & Installation
$2,511,013
Wingate Insurance Co
Employee Group Benefits
$1,805,223
Praxeis Llc
Managment & Accounting Services
$1,283,553
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$514,005
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$917,705
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,431,710
Total Program Service Revenue$39,674,927
Investment income $441,649
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$4,303,106
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $37,245,180

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Glenridge On Palmer Ranch Inc has recieved totaling $822,102.

Awarding OrganizationAmount
Glenridge Charitable Foundation Inc

Jacksonville, FL

PURPOSE: CHARITABLE

$822,102
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,357,942
Earnings$127,400
Net Contributions$892,406
Other Expense$116,807
Ending Balance$2,260,941

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