Pines Of Sarasota Healthcare Llc
- Assets
- $8.3m
- Revenue
- $28.1m
- Investments
- $72.2k
- Employees
- 515
- Location
- Sarasota, FL
- Founding
- 05/2016
- Data as of
- 12/2023
- EIN
- 47-5272934
Organization Overview
Pines Of Sarasota Healthcare Llc is located in Sarasota, FL. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Pines Of Sarasota Healthcare Llc employed 515 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pines Of Sarasota Healthcare Llc 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 12/2023, Pines Of Sarasota Healthcare Llc generated $28.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $30.3m during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF THE ORGANIZATON IS TO OPERATE AND MAINTAIN A 204 BED SKILLED NURSING FACILITY AND 39 BED ASSISTED LIVING FACILITY, PRIMARILY FOR AGED AND FINANCIALLY NEEDY RESIDENTS OF SARASOTA AND MANATEEE COUNTIES, FLORIDA. IN ADDITION, THE ORGANIZATION OPERATES A DAY CARE PROGRAM FOR CHILDREN AND OPERATES 2 THRIFT SHOPS THAT SUPPORT THE ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE AND MAINTAIN A 204 BED SKILLED NURSING FACILITY, PRIMARILY FOR AGED AND FINANCIALLY NEEDY RESIDENTS.
ALL OTHERS
OPERATE AND MAINTAIN A 39 BED ASSISTED LIVING FACILITY, PRIMARILY FOR AGED AND FINANCIALLY NEEDY RESIDENTS.
THE ORGANIZATION OPERATES A DAY CARE PROGRAM FOR CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Hunder Chair | OfficerTrustee | 1 | $0 |
Douglas Cherry Director | Trustee | 1 | $0 |
Allison Imre Perkowski Director | Trustee | 1 | $0 |
Jeffrey Schmidt Vice Chair | OfficerTrustee | 1 | $0 |
Lawrence Bowman Secretary | OfficerTrustee | 1 | $0 |
Bob Asztalos Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nursecore Management Services Llc Nursing Agency | 12/30/22 | $551,857 |
Zentech Consulting Llc Nursing Agency | 12/30/22 | $258,486 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $704,198 |
| Government grants | $1,085,711 |
| All other contributions, gifts, grants, and similar amounts not included above | $725,064 |
| Noncash contributions included in lines 1a–1f | $725,064 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,514,973 |
| Total Program Service Revenue | $25,482,413 |
| Investment income | $85,951 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,000 |
| 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 | $28,107,337 |
| 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. | $1,066,006 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,837,848 |
| Pension plan accruals and contributions | $99,956 |
| Other employee benefits | $1,005,266 |
| Payroll taxes | $972,916 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $101,787 |
| Fees for services: Accounting | $59,579 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,373,481 |
| Advertising and promotion | $29,550 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,955,585 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,035 |
| Interest | $412,327 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,070,809 |
| All other expenses | $555,856 |
| Total functional expenses | $30,347,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,396,959 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,621,928 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $162,705 |
| Prepaid expenses and deferred charges | $299,512 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $72,231 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,753,134 |
| Total assets | $8,306,469 |
| Accounts payable and accrued expenses | $3,995,497 |
| 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 | $5,887,281 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,547,679 |
| Total liabilities | $11,430,457 |
| Net assets without donor restrictions | -$3,123,988 |
| 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 | $8,306,469 |
Grants Awarded
Over the last fiscal year, Pines Of Sarasota Healthcare Llc has awarded $43,193,554 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PINES OF SARASOTA INC PURPOSE: TO ASSIST WITH LOW INCOME CARE | $41,428,798 |
1100 CENTRAL AVENUE CORPORATION PURPOSE: TP ASSIST WITH LOW INCOME CARE | $1,764,756 |