Tampa Life Plan Village Inc
- Assets
- $57.2m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 99
- Location
- Tampa, FL
- Founding
- Data as of
- 12/2021
- EIN
- 84-4589118
Organization Overview
Tampa Life Plan Village Inc is located in Tampa, FL. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Tampa Life Plan Village Inc employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tampa Life Plan Village 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, Tampa Life Plan Village Inc generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 38.1% each year . All expenses for the organization totaled $12.8m during the year ending 12/2021. 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 SENIOR LIVING COMMUNITY IN TAMPA FLORIDA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY CONSISTS OF 445INDEPENDENT LIVING APARTMENTS, 46 INDEPENDENT LIVING VILLAGES, AND RELATED COMMON AREAS, SITUATED ON APPROXIMATELY 32 ACRES IN HILLSBOROUGH COUNTY, FLORIDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Brown Jr Executive Director | Officer | 40 | $176,100 |
Jane Elizabeth Finance Director | Officer | 40 | $88,850 |
Ronald R Shuck Chairman | OfficerTrustee | 10 | $0 |
Michele S Wasserlauf Asst. Secretary | Trustee | 2.5 | $0 |
Kristin Kutac Ward Secretary | Trustee | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reliance Construction Company Llc Construction | 12/30/21 | $9,524,149 |
Sodexo Inc & Affiliates Culinary Services | 12/30/21 | $1,279,832 |
The Parker Company Llc Construction Vendor Used To Purchase Ff& | 12/30/21 | $1,276,663 |
Creating Results Inc Marketing Consulting | 12/30/21 | $524,527 |
Allied Universal Security Services | 12/30/21 | $322,391 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,966,544 |
| Investment income | $2,133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $546,275 |
| 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 | $4,514,952 |
| 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. | $277,800 |
| Compensation of current officers, directors, key employees. | $277,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,940,442 |
| Pension plan accruals and contributions | $21,211 |
| Other employee benefits | $260,606 |
| Payroll taxes | $182,491 |
| Fees for services: Management | $325,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $277,859 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,962,429 |
| Advertising and promotion | $35,088 |
| Office expenses | $662,160 |
| Information technology | $724,939 |
| Royalties | $0 |
| Occupancy | $1,273,452 |
| Travel | $44,395 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $180,939 |
| Interest | $2,765,084 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,073,975 |
| Insurance | $746,201 |
| All other expenses | $5,273 |
| Total functional expenses | $12,759,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $345,060 |
| Savings and temporary cash investments | $14,727,609 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,665 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,472 |
| Prepaid expenses and deferred charges | $350,065 |
| Net Land, buildings, and equipment | $37,828,669 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,643,174 |
| Other assets | $198,288 |
| Total assets | $57,175,002 |
| Accounts payable and accrued expenses | $4,400,206 |
| Grants payable | $0 |
| Deferred revenue | $1,748,748 |
| Tax-exempt bond liabilities | $52,782,238 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,058,577 |
| Unsecured mortgages and notes payable | $580,000 |
| Other liabilities | $0 |
| Total liabilities | $68,569,769 |
| Net assets without donor restrictions | -$11,394,767 |
| 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 | $57,175,002 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St James Residence Of The Palm Beaches Inc West Palm Beach, FL | $94,288 | $38,104,096 |
Orlando Lutheran Towers Inc Orlando, FL | $80,032,894 | $34,936,633 |
Bonita Springs Retirement Village Inc Gainesville, FL | $109,847,615 | $18,938,390 |
Federation Gulfstream Housing Inc Boca Raton, FL | $0 | $28,667,255 |
Redstone Military Retirement Residence Association Huntsville, AL | $75,839,783 | $19,548,176 |
Concordia Of Florida Inc Tampa, FL | $31,059,059 | $25,497,159 |
St Andrews Residence Of The Diocese Of Southeast Florida Inc West Palm Beach, FL | $295,539 | $24,065,641 |
Lavender Mountain Senior Living Inc Mount Berry, GA | $141,195,331 | $5,176,789 |
Westminster Pines Inc Orlando, FL | $103,132,021 | $15,458,662 |
Skidaway Health And Living Services Inc Savannah, GA | $89,340,251 | $17,567,308 |
Palm Shores Retirement Community Inc Orlando, FL | $37,421,751 | $16,521,390 |
St George Village-Catholic Community Retirement Center Roswell, GA | $71,436,640 | $13,654,810 |