Ponce Plaza Inc

Organization Overview

Ponce Plaza Inc, operating under the name ponce plaza nursing and rehab center, is located in N Miami Beach, FL. The organization was established in 2003. 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, ponce plaza nursing and rehab center employed 235 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. ponce plaza nursing and rehab center 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, ponce plaza nursing and rehab center generated $11.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $10.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. 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

TO PROVIDE DIGNIFIED CARE IN A HOME-LIKE ATMOSPHERE TO OUR RESIDENTS AND OUR FAMILIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDED REHABILITATION SERVICES AND SKILLED NURSING CARE FOR SENIORS IN SOUTH FLORIDA THROUGH AUGUST 31,2021. IT WAS COMMITTED TO CONTINUOUSLY STRIVE TO IMPROVE AND DEVELOP THE MOST EFFECTIVE SYSTEMS FOR PROVIDING CUTTING EDGE ELDER CARE SERVICE AND DELIVERY. ITS ANNUAL PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE THE FOLLOWING: - SERVING OVER 96,957 MEALS, EACH MEAL TAILORED TO THE RESIDENTS' DIETARY REQUIREMENTS. - ADMINISTERING OVER 17,678 MEDICATIONS. - PROVIDING OVER 30,656 PHYSICAL, SPEECH, AND OCCUPATIONAL UNITS OF TREATMENT. - COORDINATING NO RESIDENT ACTIVITIES INCLUDING FAMILY NIGHT DINNERS, INTER-GENERATIONAL PROGRAMS, HOLIDAY AND BIRTHDAY CELEBRATIONS, ENTERTAINMENT DAYS AND FIELD TRIPS. EFFECTIVE SEPTEMBER 1, 2021, THE ORGANIZATION SOLD ITS OPERATIONS AND PROPERTY AND EQUIPMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Martin Wasserman
Treasurer/secretary
$0
Ben Rozsansky
Vice Chairman
$0
Joan Brent
Secretary
$0
Harry Fruhman
Chief Financial Officer
$0
Elaine Bloom
CEO & President
$0
Daniel Galbut
Director Of Operations
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Gordon Food Service Inc
Food Services
$401,152
Twinmed Medical Supplies
Medical Supplies
$145,084
Ltc Pharma Hldg Llc
Pharmacy Services
$421,713
Medline
Medical Supplies
$138,542
Homeland Patrol
Security Services
$102,417
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,267,844
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,267,844
Total Program Service Revenue$10,464,199
Investment income $3,823
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 $11,830,534

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