East Ridge Retirement Village Inc
- Assets
- $85.1m
- Revenue
- $28.0m
- Investments
- $0.0
- Employees
- 415
- Location
- Gainesville, FL
- Founding
- 05/1964
- Data as of
- 12/2021
- EIN
- 59-0903331
Organization Overview
East Ridge Retirement Village Inc is located in Gainesville, FL. The organization was established in 1964. 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, East Ridge Retirement Village Inc employed 415 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Ridge Retirement 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, East Ridge Retirement Village Inc generated $28.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $32.4m during the year ending 12/2021. While expenses have increased by 7.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING, MEALS, HEALTH CARE AND RELATED SERVICES TO SENIOR CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EAST RIDGE RETIREMENT VILLAGE PROVIDED SKILLED NURSING AND RELATED HEALTH CARE SERVICES, INCLUDING THERAPY FOR INDIVIDUALS WHO ARE UNABLE TO CARE FOR THEMSELVES. TOTAL RESIDENT DAYS SERVED IN 2021 WERE 57,279.
EAST RIDGE RETIREMENT VILLAGE PROVIDED CLEANING, LAUNDRY, MAINTENANCE, SECURITY AND UTILITIES TO SENIORS IN RESIDENTIAL UNITS. THE AVERAGE NUMBER OF UNITS SERVED IN 2021 PER DAY WERE 323.
EAST RIDGE RETIREMENT VILLAGE PROVIDED THREE MEALS DAILY TO SENIOR RESIDENTS AND TRAY SERVICE TO INDIVIDUALS LOCATED IN THE SKILLED NURSING CENTER OR THOSE UNABLE TO LEAVE THEIR APARTMENTS. TOTAL MEALS SERVED IN 2021 WERE APPROXIMATELY 195,698.
EAST RIDGE RETIREMENT VILLAGE PROVIDED RECREATIONAL, CULTURAL, ANDHOBBY ACTIVITIES, INCLUDING TRANSPORTATION TO LOCAL EVENTS OF INTEREST.APPROXIMATELY 348 RESIDENTS PER DAY WERE PROVIDED SERVICES IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Desiree Sebastian Administrator | 40 | $156,515 | |
Marcos Gonzalez Director Of Sales | 40 | $132,660 | |
Delilah M Rivas Skilled Registered Nurse | 40 | $112,581 | |
Miguel L Parks Food & Beverage Director | 40 | $107,923 | |
Mariely Jennings Director Of Operations | 40 | $101,687 | |
Lawrence G Schreiber Chief Executive Officer/director | OfficerTrustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Value Care At Home Of Miami-dade County Home Health Services | 12/30/21 | $866,208 |
Select Rehabilitation Llc Therapist Services | 12/30/21 | $1,006,624 |
Jmn Cleaning Services Corp Cleaning Services | 12/30/21 | $615,039 |
Santafe Senior Living Inc Management Services | 12/30/21 | $1,555,978 |
Ldm Industries Inc Construction Services | 12/30/21 | $679,714 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $146,732 |
| Government grants | $607,269 |
| 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 | $754,001 |
| Total Program Service Revenue | $27,109,404 |
| Investment income | $140,094 |
| Tax Exempt Bond Proceeds | -$33,834 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,806 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,977,471 |
| 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 | $11,088,728 |
| Pension plan accruals and contributions | $105,329 |
| Other employee benefits | $1,039,278 |
| Payroll taxes | $769,090 |
| Fees for services: Management | $2,043,691 |
| Fees for services: Legal | $225,170 |
| Fees for services: Accounting | $45,414 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,233 |
| Fees for services: Other | $527,035 |
| Advertising and promotion | $631,320 |
| Office expenses | $348,089 |
| Information technology | $421,183 |
| Royalties | $0 |
| Occupancy | $1,955,762 |
| Travel | $13,149 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,372,850 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,403,064 |
| Insurance | $1,537,730 |
| All other expenses | $532,266 |
| Total functional expenses | $32,355,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $4,190,882 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,908,130 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $236,515 |
| Prepaid expenses and deferred charges | $365,401 |
| Net Land, buildings, and equipment | $62,036,859 |
| Investments—publicly traded securities | $3,215,837 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,105,458 |
| Total assets | $85,059,682 |
| Accounts payable and accrued expenses | $2,521,329 |
| Grants payable | $0 |
| Deferred revenue | $14,591,068 |
| Tax-exempt bond liabilities | $64,753,118 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,358,885 |
| Total liabilities | $96,224,400 |
| Net assets without donor restrictions | -$16,264,241 |
| Net assets with donor restrictions | $5,099,523 |
| 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 | $85,059,682 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that East Ridge Retirement Village Inc has recieved totaling $146,732.
| Awarding Organization | Amount |
|---|---|
Santafe Senior Living Foundation Inc Gainesville, FL PURPOSE: SANTAFE SENIOR LIVING FOUNDATION, INC. PROVIDED FINANCIAL ASSISTANCE IN THE AMOUNT OF $146,732 TO SUPPORT AND FURTHER THE MISSION AND TAX EXEMPT PURPOSES OF EAST RIDGE RETIREMENT VILLAGE, INC. | $146,732 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian & Missionary Alliance Foundation Inc Fort Myers, FL | $765,754,381 | $132,801,678 |
Miami Jewish Health Systems Inc Miami, FL | $91,015,655 | $95,541,241 |
The Moorings Incorporated Naples, FL | $850,838,065 | $103,391,616 |
Cornerstone Hospice & Palliative Care Inc Tavares, FL | $81,907,139 | $88,879,858 |
John Knox Village Of Florida Inc Pompano Beach, FL | $388,984,733 | $61,308,689 |
Naval Continuing Care Retirement Foundation Inc Atlantic Beach, FL | $325,372,144 | $53,968,868 |
Methodist Home For The Aging Birmingham, AL | $118,213,803 | $51,510,138 |
Lenbrook Square Foundation Inc Atlanta, GA | $291,448,667 | $46,078,205 |
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 |