Pines Of Sarasota Healthcare Llc
- Assets
- $39.6m
- Revenue
- $43.5m
- Investments
- $0.0
- Employees
- 405
- Location
- Sarasota, FL
- Founding
- 05/2016
- Data as of
- 12/2021
- 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 12/2021, Pines Of Sarasota Healthcare Llc employed 405 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 12/2021, Pines Of Sarasota Healthcare Llc generated $43.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $21.0m 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
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 AND 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 |
|---|---|---|---|
Michael Ward President/ceo | Officer | 40 | $247,385 |
Jessica Eldridge-Moore Dir Of Nursing - Former | 40 | $174,962 | |
Bruce Blake Chief Financial Officer | Officer | 40 | $172,266 |
David Anthony Nursing Home Administrator | 40 | $163,500 | |
Helen Keunzner Vice President Human Resou | 40 | $146,040 | |
June Clifford Registered Nurse - Former | 40 | $118,518 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ar Snf Solutions Llc Billing & Collections | 12/30/21 | $106,098 |
Ht Airsystems Of Florida Llc Hvac Installation | 12/30/21 | $747,524 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $20,620,308 |
| Government grants | $5,281,982 |
| All other contributions, gifts, grants, and similar amounts not included above | $599,656 |
| Noncash contributions included in lines 1a–1f | $599,656 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,501,946 |
| Total Program Service Revenue | $16,965,071 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,470 |
| 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 | $43,498,487 |
| 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 | $11,254,418 |
| Pension plan accruals and contributions | $11,828 |
| Other employee benefits | $1,170,625 |
| Payroll taxes | $964,183 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,392 |
| Fees for services: Accounting | $49,954 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,693,588 |
| Advertising and promotion | $150,478 |
| Office expenses | $17,664 |
| Information technology | $39,278 |
| Royalties | $0 |
| Occupancy | $1,292,615 |
| Travel | $2,150 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,215 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $673,721 |
| All other expenses | $176,531 |
| Total functional expenses | $21,007,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,180,253 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,696,415 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $160,686 |
| Prepaid expenses and deferred charges | $249,913 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,301,537 |
| Total assets | $39,588,804 |
| Accounts payable and accrued expenses | $2,566,583 |
| 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 | $429,593 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,996,176 |
| Net assets without donor restrictions | $36,592,628 |
| 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 | $39,588,804 |
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