Santafe Healthcare Inc
- Assets
- $51.3m
- Revenue
- $46.1m
- Investments
- $0.0
- Employees
- 54
- Location
- Gainesville, FL
- Founding
- 01/2004
- Data as of
- 12/2022
- EIN
- 59-2317607
Organization Overview
Santafe Healthcare Inc is located in Gainesville, FL. The organization was established in 2004. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2022, Santafe Healthcare Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santafe Healthcare 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 12/2022, Santafe Healthcare Inc generated $46.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 31.4% each year . All expenses for the organization totaled $37.1m during the year ending 12/2022. While expenses have increased by 20.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH AND WELL-BEING OF PEOPLE IN THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SANTAFE HEALTHCARE, INC. PROVIDED GOVERNANCE AND OVERSIGHT TO THE FOLLOWING AFFILIATED CHARITABLE, TAX-EXEMPT AND NOT-FOR-PROFIT ORGANIZATIONS: NORTH CENTRAL FLORIDA HOSPICE, INC.; SANTAFE SENIOR LIVING, INC.; NORTH FLORIDA RETIREMENT VILLAGE, INC.; BVG ACQUISITION, INC.; BONITA SPRINGS RETIREMENT VILLAGE, INC.; EAST RIDGE RETIREMENT VILLAGE, INC.; SANTAFE SENIOR LIVING FOUNDATION, INC.; AVMED, INC.; SF HOLDING CORP., INC.; HAVEN FOUNDATION, INC.; AND HFK CARE CORPORATION. TOTAL PROGRAM SERVICES EXPENSES FOR THESE AFFILIATED ORGANIZATIONS REPRESENTED APPROXIMATELY $1.1 BILLION IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence G Schreiber President/ceo/director | OfficerTrustee | 6 | $2,028,776 |
James M Repp President/coo-Avmed | Officer | 0 | $1,406,629 |
Steven M Ziegler Sr VP Legal & Compliance/asst Sec. | Officer | 6 | $650,123 |
Randall L Stuart Sr Vp/cfo/asst Treas. (thru 3/31/22) | Officer | 3 | $904,878 |
Pauline E Taylor President-Haven Hospice & Foundation | Officer | 0 | $534,506 |
Philip G Bowling Sr Vp/cfo/asst Treasurer | Officer | 3 | $511,203 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avmed Inc Administrative Services | 12/30/22 | $796,425 |
Greenberg Traurig Llp Legal Services | 12/30/22 | $765,938 |
Keybanc Capital Markets Inc Consulting Services | 12/30/22 | $310,847 |
Willis Towers Watson Southeast Inc Consulting Services | 12/30/22 | $305,000 |
Us Institutional Corporation Consulting Services | 12/30/22 | $192,861 |
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 | $23,340,720 |
| Investment income | $5,770 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,730,395 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,076,885 |
| 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. | $22,523,092 |
| Compensation of current officers, directors, key employees. | $17,521,464 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,408,746 |
| Pension plan accruals and contributions | $936,549 |
| Other employee benefits | $455,827 |
| Payroll taxes | $946,105 |
| Fees for services: Management | $869,261 |
| Fees for services: Legal | $64,351 |
| Fees for services: Accounting | $158,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $396,075 |
| Advertising and promotion | $0 |
| Office expenses | $77,729 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,784 |
| Travel | $50,178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,967 |
| Insurance | $71,359 |
| All other expenses | $0 |
| Total functional expenses | $37,052,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,216,750 |
| Savings and temporary cash investments | $504,004 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $61,550 |
| Net Land, buildings, and equipment | $4,817,555 |
| Investments—publicly traded securities | $2,414,089 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,242,054 |
| Total assets | $51,256,002 |
| Accounts payable and accrued expenses | $18,079,557 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,243,261 |
| Total liabilities | $49,322,818 |
| Net assets without donor restrictions | $1,933,184 |
| 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 | $51,256,002 |