Ponce Plaza Inc
- Assets
- $19.8m
- Revenue
- $11.8m
- Investments
- $0.0
- Employees
- 235
- Location
- N Miami Beach, FL
- Founding
- 06/2003
- Data as of
- 12/2021
- EIN
- 65-1040919
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
Ben Rozsansky Vice Chairman | OfficerTrustee | 0.25 | $0 |
Martin Wasserman Treasurer/secretary | OfficerTrustee | 0.25 | $0 |
Joan Brent Secretary | OfficerTrustee | 0.25 | $0 |
Harry Fruhman Chief Financial Officer | Officer | 0.25 | $0 |
Elaine Bloom CEO & President | Officer | 0.25 | $0 |
Daniel Galbut Director Of Operations | Officer | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gordon Food Service Inc Food Services | 12/30/21 | $401,152 |
Ltc Pharma Hldg Llc Pharmacy Services | 12/30/21 | $421,713 |
Twinmed Medical Supplies Medical Supplies | 12/30/21 | $145,084 |
Medline Medical Supplies | 12/30/21 | $138,542 |
Homeland Patrol Security Services | 12/30/21 | $102,417 |
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 |
| 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 | $4,296,668 |
| Pension plan accruals and contributions | $19,977 |
| Other employee benefits | $513,881 |
| Payroll taxes | $322,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $522,965 |
| Advertising and promotion | $2,508 |
| Office expenses | $931,943 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,315,201 |
| Travel | $16,931 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,183 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,740 |
| Insurance | $272,735 |
| All other expenses | $424,889 |
| Total functional expenses | $10,692,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $598,580 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$244,624 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $77,882 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,360,097 |
| Total assets | $19,791,935 |
| Accounts payable and accrued expenses | $275,430 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,914 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $284,344 |
| Net assets without donor restrictions | $19,507,591 |
| 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 | $19,791,935 |
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|---|---|---|
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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 |