Glenridge On Palmer Ranch Inc
- Assets
- $194.0m
- Revenue
- $37.2m
- Investments
- $0.0
- Employees
- 425
- Location
- Jacksonville, FL
- Founding
- 12/1998
- Data as of
- 12/2021
- EIN
- 59-3472733
Organization Overview
Glenridge On Palmer Ranch Inc is located in Jacksonville, FL. The organization was established in 1998. 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, Glenridge On Palmer Ranch Inc employed 425 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glenridge On Palmer Ranch 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, Glenridge On Palmer Ranch Inc generated $37.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $39.6m during the year ending 12/2021. While expenses have increased by 1.8% 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
THE GLENRIDGE SUPPORTS ITS MEMBERS AND CREATES AN ACTIVE, CARING COMMUNITY BY PROVIDING A CONTINUUM OF QUALITY LIFESTYLE PROGRAMS, HEALTH CARE PROGRAMS, AND OUTSTANDING ENRICHMENT OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GLENRIDGE HAS A PERMANENT CERTIFICATE OF AUTHORITY AND CERTIFICATE OF NEED FROM THE STATE OF FLORIDA TO OPERATE AS A CONTINUING CARE RETIREMENT FACILITY. THE GLENRIDGE CONSTRUCTED A CONTINUING CARE RETIREMENT COMMUNITY CONTAINING APPROXIMATELY FOUR HUNDRED SIXTEEN (416) LIVING AND NURSING UNITS TO PROVIDE HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO RESIDENTS IN SARASOTA, FL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa K Snyder Director Of Life Planning | Officer | 40 | $172,528 |
Regina M Osborn Life Plan Consultant | Officer | 40 | $160,292 |
Pamela Turell Life Plan Consultant | Officer | 40 | $154,482 |
Robert D Sidlow Sales Counselor | 40 | $137,488 | |
Gary Franko Food Service Director | 40 | $108,136 | |
Christina Guimond Admin Office Director | 40 | $104,035 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ring Power Corp Generator & Installation | 12/30/21 | $2,511,013 |
Praxeis Llc Managment & Accounting Services | 12/30/21 | $1,283,553 |
Deangelis Diamond Construction Construction | 12/30/21 | $2,690,355 |
Taylor Built Construction Inc Construction | 12/30/21 | $4,059,539 |
Wingate Insurance Co Employee Group Benefits | 12/30/21 | $1,805,223 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $514,005 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $917,705 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,431,710 |
| Total Program Service Revenue | $39,674,927 |
| Investment income | $441,649 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,303,106 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,245,180 |
| 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 | $11,856,202 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,696,753 |
| Payroll taxes | $927,968 |
| Fees for services: Management | $1,197,925 |
| Fees for services: Legal | $106,163 |
| Fees for services: Accounting | $88,557 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $117,225 |
| Advertising and promotion | $1,042,144 |
| Office expenses | $307,943 |
| Information technology | $303,827 |
| Royalties | $0 |
| Occupancy | $1,517,073 |
| Travel | $27,014 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,770 |
| Interest | $7,811,986 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,000,658 |
| Insurance | $997,121 |
| All other expenses | $1,176,355 |
| Total functional expenses | $39,640,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,105,800 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $581,125 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $120,527 |
| Prepaid expenses and deferred charges | $1,107,478 |
| Net Land, buildings, and equipment | $132,566,998 |
| Investments—publicly traded securities | $23,835,665 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,695,136 |
| Total assets | $194,012,729 |
| Accounts payable and accrued expenses | $4,882,735 |
| Grants payable | $0 |
| Deferred revenue | $111,053,632 |
| Tax-exempt bond liabilities | $145,203,432 |
| 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 | $15,831,000 |
| Other liabilities | $19,912,538 |
| Total liabilities | $296,883,337 |
| Net assets without donor restrictions | -$105,131,549 |
| Net assets with donor restrictions | $2,260,941 |
| 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 | $194,012,729 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Glenridge On Palmer Ranch Inc has recieved totaling $822,102.
| Awarding Organization | Amount |
|---|---|
Glenridge Charitable Foundation Inc Jacksonville, FL PURPOSE: CHARITABLE | $822,102 |
Endowment Analysis
| Beg. Balance | $1,357,942 |
| Earnings | $127,400 |
| Net Contributions | $892,406 |
| Other Expense | $116,807 |
| Ending Balance | $2,260,941 |
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 |