Mease Life Inc
- Assets
- $37.4m
- Revenue
- $18.4m
- Investments
- $9.0m
- Employees
- 259
- Location
- Dunedin, FL
- Founding
- 12/1973
- Data as of
- 12/2021
- EIN
- 59-1005403
Organization Overview
Mease Life Inc is located in Dunedin, FL. The organization was established in 1973. 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, Mease Life Inc employed 259 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mease Life 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, Mease Life Inc generated $18.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $20.7m 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
QUALITY RESIDENTIAL, ASSISTED AND SKILLED NURSING SERVICES AT A FAIR COST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACACIA AT MEASE LIFE IS A LICENSED, 108 UNIT ASSISTED LIVING FACILITY AT MEASE LIFE AND THE MAGNOLIA AT MEASE LIFE IS A 32 UNIT (36 BEDS) LICENSED ASSISTED LIVING FACILITY, ARE ESPECIALLY DEVELOPED FOR SENIORS WHOSE INDEPENDENCE MAY BE ENHANCED THROUGH ADDITIONAL PERSONAL SERVICES. IT IMPROVES ITS RESIDENTS' QUALITY OF LIFE BY PROVIDING SPECIFIC SERVICES TO MEET INDIVIDUAL NEEDS. THE ACACIA AT MEASE LIFE IS DESIGNED IN A RESIDENTIAL STYLE WHERE RESIDENTS ENJOY PRIVATE APARTMENTS, SOCIAL OPPORTUNITIES, AND THE VAST RESOURCES OF THE MEASE LIFE CAMPUS.
THE OAKS AT MEASE LIFE IS A 191 UNIT INDEPENDENT LIVING FACILITY WITH MANY RESOURCES AVAILABLE TO ITS RESIDENTS. RESIDENCY AT MEASE MANOR INCLUDES A PACKAGE OF MONTHLY SERVICES DESIGNED TO COMPLEMENT A WIDE VARIETY OF INTERESTS AND LIFESTYLES. RESIDENTS ARE OFFERED A CHOICE OF TWO RESIDENCY AGREEMENTS: "MEMBERSHIP AGREEMENT", WHICH OFFERS LIFETIME RESIDENCY AT MEASE LIFE, AND "ANNUAL LEASE PROGRAM", WHICH OFFERS A STANDARD YEARLY LEASE AND DOES NOT REQUIRE A MEMBERSHIP FEE. BOTH CHOICES INCLUDE ACCESS TO ON-SITE HEATH CARE, IF NEEDED.
THE CEDAR AT MEASE LIFE, IS THE 100 BED SKILLED NURSING PROGRAM LOCATED AT MEASE LIFE. ITS SERVICES INCLUDE LONG-TERM CARE AND SHORT-TERM REHABILITATION THERAPY. MEASE CONTINUING CARE PROVIDES QUALITY SKILLED NURSING CARE IN A HOME-LIKE SETTING. ITS GOAL IS TO ENHANCE THE DIGNITY AND PERSONAL POTENTIAL OF EACH RESIDENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Mcrae Ceo/president | OfficerTrustee | 40 | $258,020 |
Robert Kelly V.P. Of Finance | OfficerTrustee | 40 | $115,948 |
Jennifer Bullock V.P. Of Health Services | OfficerTrustee | 40 | $102,988 |
Julie Moser V.P. Of Human Resources | OfficerTrustee | 40 | $94,420 |
Sheree Broadhurst V.P. Of Marketing & Business Dev. | OfficerTrustee | 40 | $84,040 |
Bruce Livingston Chairman | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tandem Senior Living Advisors Consulting | 12/30/21 | $298,080 |
Suffolk Construction Co Inc Construction Of Resort-style Pool | 12/30/21 | $812,293 |
Unidine Corporation Dining Services - Labor/food/supplies | 12/30/21 | $3,877,067 |
Functional Pathways Rehab And Therapy Provider | 12/30/21 | $466,509 |
All Around Remodeling Llc Apartment Remodeling Services | 12/30/21 | $4,224,894 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,686,806 |
| 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 | $1,686,806 |
| Total Program Service Revenue | $16,733,157 |
| Investment income | $188 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $100 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,420,251 |
| 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. | $752,660 |
| Compensation of current officers, directors, key employees. | $376,330 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,884,179 |
| Pension plan accruals and contributions | $83,038 |
| Other employee benefits | $1,408,196 |
| Payroll taxes | $524,218 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,876 |
| Fees for services: Accounting | $57,779 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,497,822 |
| Advertising and promotion | $168,357 |
| Office expenses | $306,817 |
| Information technology | $271,576 |
| Royalties | $0 |
| Occupancy | $1,875,403 |
| Travel | $17,802 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $186,067 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,070,351 |
| Insurance | $549,124 |
| All other expenses | $294 |
| Total functional expenses | $20,730,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,337,774 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,104,965 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $142,556 |
| Prepaid expenses and deferred charges | $442,325 |
| Net Land, buildings, and equipment | $20,391,822 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,955,807 |
| Investments—program-related | $0 |
| Intangible assets | $2,018,602 |
| Other assets | $0 |
| Total assets | $37,393,851 |
| Accounts payable and accrued expenses | $2,098,334 |
| Grants payable | $0 |
| Deferred revenue | $4,075,565 |
| Tax-exempt bond liabilities | $20,108,821 |
| 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 | $418,467 |
| Total liabilities | $26,701,187 |
| Net assets without donor restrictions | $10,692,664 |
| 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 | $37,393,851 |
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