2024-08-05T10:00:40-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2023-01-01 591931148 SOUTHWEST FLORIDA RETIREMENT CENTER SOUT 9414865421 920 TAMIAMI TRAIL SOUTH VENICE FL 34285 KATHLEEN ROGERS CHIEF FINANCIAL OFFICER 9414865421 2024-08-02 1 1 TINA HENTON P00630282 4078021200 2024-08-01 2023 2024-08-08 14:25:15Z VILLAGE ON THE ISLE DOUGLAS FELLER 920 TAMIAMI TRAIL SOUTH VENICE FL 34285 46187684 0 X WWW.VILLAGEONTHEISLE.COM X 1979 FL PROVIDE HOUSING, HEALTHCARE, PROMOTE HEALTH & WELLNESS AS WELL AS RELATED SERVICES TO SENIORS. 13 13 323 125 -109000 0 1561283 4596504 29036285 30206874 1027677 1460408 146906 334337 31772151 36598123 23739 29376 0 0 13062159 13767868 0 0 0 18946228 18244750 32032126 32041994 -259975 4556129 162812326 168064374 158627716 157153891 4184610 10910483 AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH IN AMERICA, WE ARE A CCRC COMMITTED TO SHARING GOD'S LOVE BY PROMOTING INDIVIDUAL GROWTH AND DIGNITY, ENHANCING THE QUALITY OF LIFE AND MEETING THE HUMAN AND SPIRITUAL NEEDS OF OUR RESIDENT'S, STAFF AND COMMUNITY. 0 0 21649546 29376 22835276 VILLAGE ON THE ISLE PROVIDES FOR INDEPENDENT LIVING APARTMENTS AND SERVICES TO 300 RESIDENTS IN 235 APARTMENTS & 8 COTTAGES. THE ORGANIZATION ALSO PROVIDED ASSISTED LIVING APARTMENTS AND SERVICES FOR 58 RESIDENTS IN 64 APARTMENTS. 7397200 7802340 THE ORGANIZATION PROVIDED SKILLED NURSING SERVICES TO THE ELDERLY IN THE 64 BED LICENSED NURSING HOME. 29046746 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 53 0 1 323 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X KATHLEEN ROGERS 9414865421 920 TAMIAMI TRAIL SOUTH VENICE FL 34285 X GREG ROBERTS CHAIRPERSON 2.00 0.00 X X 0 0 0 TOM HANKS VICE CHAIRPERSON 2.00 1.00 X X 0 0 0 MICHAEL HARKINS TREASURER 2.00 0.00 X X 0 0 0 REV DR BRIAN ARMEN SECRETARY 2.00 1.00 X X 0 0 0 KAREN STOREY MEMBER-AT-LARGE 2.00 0.00 X 0 0 0 REV ASHLEY NICOLLS TRUSTEE 2.00 0.00 X 0 0 0 CHRISTINE PUTHOFF TRUSTEE 2.00 1.00 X 0 0 0 DR MARLYCE HOLBACH TRUSTEE 2.00 0.00 X 0 0 0 CHRIS MENZIES TRUSTEE 2.00 1.00 X 0 0 0 REV DR ROBERT MURSCH TRUSTEE 2.00 0.00 X 0 0 0 PERRY KORSZEN TRUSTEE 2.00 0.00 X 0 0 0 DR MATTHEW CORN TRUSTEE 2.00 0.00 X 0 0 0 MARK BOGART TRUSTEE 2.00 0.00 X 0 0 0 DOUGLAS FELLER CHIEF EXECUTIVE OFFICER 50.00 1.00 X 338224 0 11687 KATHLEEN ROGERS CHIEF FINANCIAL OFFIER 50.00 1.00 X 248669 0 11273 BEVERLY DAY SALES & MARKETING DIRECTOR 45.00 0.00 X 175483 0 9684 JAMES MARSHALL HEALTH CENTER DIRECTOR 45.00 0.00 X 160137 0 9974 KERA LITERAL DIRECTOR OF NURSING 45.00 0.00 X 146522 0 8841 KAREN MADDEN ENAGEMENT DIRECTOR 45.00 0.00 X 135209 0 11495 MARK MONTGOMERY CULINARY DIRECTOR 45.00 0.00 X 129341 0 9744 1333585 0 72698 12 0 1 0 COASTAL PROPERTY GROUP OF FLORIDA INC 120 TRIPLE DIAMOND BLVD SUITE A N VENICE FL 34275 CONSTRUCTION SVCS 4632759 AEGIS THERAPIES PO BOX 936653 ATLANTA GA 311936653 THERAPY PROVIDER 895727 SYNERGI PARTNERS INC PO BOX 5599 FLORENCE SC 29502 TAX ATTORNEY 490173 HAZELTINE NURSERIES INC PO BOX 236 VENICE FL 342840236 LANDSCAPING SVCS 281676 ISLAND NURSE STAFFING 333 SOUTH TAMIAMI TRAIL SUITE 201 VENICE FL 34285 STAFFING SVS 204951 9 100000 3726073 770431 4596504 RESIDENT SERVICE FEES 623000 15226367 15226367 HEALTHCARE SERVICE 623000 7537054 7537054 AMORTIZATION OF ENTRANCE FEES 623000 6832492 6832492 HOSPICE LEASE REVENUE 623000 610961 610961 30206874 1252772 1252772 12595 0 12595 12595 12595 9324477 9095001 21840 229476 -21840 207636 207636 363720 472720 -109000 -109000 RESIDENT SERVICES 623000 320836 320836 OTHER CAMPUS SERVICES 623000 109906 109906 430742 36598123 30637616 -109000 1473003 5308 5308 24068 24068 609854 304927 304927 10945407 9726325 1219082 110679 110679 1281142 1144671 136471 820786 721679 99107 54623 54623 108391 108391 237370 237370 1968279 1752269 216010 187665 187665 86061 52731 33330 199996 126894 73102 2125564 2120477 5087 37967 7668 30299 4424544 4424544 5140954 5095173 45781 1409273 1365617 43656 FOOD SERVICES 1312170 1312170 MEDICAL SUPPLIES 417523 417523 ANCILLARY SERVICES 401682 380269 21413 RESIDENT ENTERTAINMENT 64433 64433 68255 68255 32041994 29046746 2995248 0 1971689 2123776 5013 5943 1479173 1291946 47206 53282 681528 363159 166915644 45161621 120305328 121754023 37784146 41916723 538243 555522 162812326 168064374 4776135 4200797 46743515 48080017 106741329 104319377 366737 553700 158627716 157153891 X 4037010 10755274 147600 155209 4184610 10910483 162812326 168064374 4556129 2169744 0 X 0 1 X 1 0 X 532396 1115659 3164054 1561283 4596504 10969896 22354915 25105424 27277602 29314739 30637346 134690026 22887311 26221083 30441656 30876022 35233850 145659922 0 0 0 145659922 1303938 929008 693100 627278 1265367 4818691 1303938 929008 693100 627278 1265367 4818691 24191249 27150091 31134756 31503300 36499217 150478613 0.96800 0.96110 0.03200 0.03890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 123381 123381 123381 123381 1877808 1877808 118532901 29765799 88767102 10204488 5812918 4391570 32733690 7331987 25401703 3566757 2250917 1315840 121754023 DEPOSITS 553700 553700 1 SCHOLARSHIP GRANT 9 24068 PART I, LINE 2: SCHOLARSHIP AWARDS ARE AVAILABLE TO NON-EXECUTIVE STAFF MEMBERS THAT COMPLETE AN APPLICATION WHICH IS REVIEWED AND APPROVED BY THE RESIDENT SCHOLARSHIP COMMITTEE. X X X X 0 0 0 0 0 0 0 0 0 DOUGLAS FELLER CHIEF EXECUTIVE OFFICER 270724 0 67500 0 0 0 1500 0 10187 0 349911 0 0 0 KATHLEEN ROGERS CHIEF FINANCIAL OFFIER 215373 0 33296 0 0 0 1500 0 9773 0 259942 0 0 0 BEVERLY DAY SALES & MARKETING DIRECTOR 87390 0 88093 0 0 0 1500 0 8184 0 185167 0 0 0 JAMES MARSHALL HEALTH CENTER DIRECTOR 145112 0 15025 0 0 0 1500 0 8474 0 170111 0 0 0 KERA LITERAL DIRECTOR OF NURSING 132867 0 13655 0 0 0 0 0 8841 0 155363 0 0 0 PART I, LINE 3 DOUGLAS FELLER AND SOUTHWEST FLORIDA RETIREMENT CENTER, INC. (THROUGH THE BOARD OF TRUSTEES) ENTERED INTO AN EXECUTIVE EMPLOYMENT AGREEMENT. THIS AGREEMENT IDENTIFIES THE PROVISION OF SERVICES AS WELL AS COMPENSATION AND BENEFITS. COMPENSATION MAY BE ADJUSTED FROM TIME TO TIME. THE EXECUTIVE COMMITTEE (5 MEMBERS), WHICH IS INDEPENDENT WITH RESPECT TO ALL COMPENSATION DECISIONS, EVALUATES THE PERFORMANCE OF THE CHIEF EXECUTIVE OFFICER. AFTER EACH CALENDAR YEAR, AFTER A SATISFACTION OF PERFORMANCE OF CRITERIA AND GOALS IS EVALUATED, THE BOARD OF TRUSTEES IN ITS DISCRETION MAY APPROVE A BONUS BASED ON PERFORMANCE CRITERIA AND GOALS. THE SENIOR EXECUTIVE TEAM MEMBERS DO NOT HAVE SEPERATE EMPLOYEMENT CONTRACTS, BUT THE ORGANIZATION DOES HAVE A SENIOR EXECUTIVE COMPENSATION PLAN WITH CERTAIN GOALS AND CRITERIA THAT MUST BE MET TO DETERMINE ANNUAL BONUSES. THE CEO GATHERS THE INFORMATION AND PROVIDES RECOMMENDATIONS TO THE BOARD FOR FINAL APPROVAL. A SARASOTA COUNTY HEALTH FACILITIES AUTHORITY 596000848 80329UAT6 2016-11-02 38003768 SEE SUPPLEMENTAL INFORMATION 0 0 0 B SARASOTA COUNTY HEALTH FACILITIES AUTHORITY 596000848 80329UBC2 2017-12-21 77084325 SEE SUPPLEMENTAL INFORMATION 0 0 0 C CITY OF VENICE FLORIDA 596000443 922687AC2 2019-12-19 19276004 SEE SUPPLEMENTAL INFORMATION 0 0 0 A 10700000 38003768 928500 728603 10005333 26341332 2016 0 1 1 1 B 13250000 77084325 3302750 5225147 1432486 67123942 2017 0 0 1 1 C 19276004 890133 385521 18000350 2019 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 SCHEDULE K, PART I (A) ISSUER NAME: SARASOTA COUNTY HEALTH FACILITIES AUTHORITY REFUNDING REVENUE BONDS (F) PURPOSE OF SERIES 2016 BONDS: FUND DEBT RESERVE FUND AND PAY ISSUE COSTS FOR SERIES 2016. IN OCTOBER 2016, THE VILLAGE ISSUED $33,190,000 IN SARASOTA COUNTY HEALTH FACILITIES AUTHORITY REFUNDING REVENUE BONDS (THE SERIES 2016 BONDS). PROCEEDS FROM THE SALE OF THE SERIES 2016 BONDS WERE USED, TO FUND A DEBT SERVICE RESERVE FUND, TO PAY A PORTION OF THE COST OF ISSUANCE OF THE SERIES 2016 BONDS, AND TO FUND APPROXIMATELY $10,000,000 IN PROJECT FUNDS FOR CAMPUS RENOVATIONS. (A) ISSUER NAME: SARASOTA COUNTY HEALTH FACILITIES AUTHORITY RETIREMENT FACILITY REVENUE IMPROVEMENT BONDS (F) PURPOSE OF SERIES 2017A AND 2017B BONDS: IN DECEMBER 2017, THE VILLAGE ISSUED $58,385,000 AND $13,250,000 IN SARASOTA COUNTY HEALTH FACILITIES AUTHORITY RETIREMENT FACILITY REVENUE BONDS (THE SERIES 2017A BONDS) AND SARASOTA COUNTY HEALTH FACILITIES AUTHORITY RETIREMENT FACILITY REVENUE BONDS (THE SERIES 2017B BONDS), RESPECTIVELY. PROCEEDS FROM THE SALE OF THE SERIES 2017A AND 2017B BONDS WERE USED TO FUND ADDITIONAL PROCEEDS FOR THE INCREASE IN THE DEBT SERVICE RESERVE FUND, TO PAY A PORTION OF THE COST OF ISSUANCE OF THE SERIES 2017 BONDS, AND TO FUND APPROXIMATELY $67,000,000 IN PROJECT FUNDS FOR THE CONSTRUCTION AND EQUIPPING OF EXPANSION AND IMPROVEMENTS TO THE VILLAGE'S INDEPENDENT LIVING UNITS, ASSITED LIVING UNITS, HEALTHCARE FACILTY AND OTHER COMMON FACILITY SPACES. THE SERIES 2017B BONDS WERE ISSUED AS TEMPORARY DEBT WHICH IS SUBJECT TO PAYOFF WITH THE INITIAL PROCEEDS OF THE NEW INDEPENDENT LIVING BUILDINGS ENTRANCE FEES. THE 2017B BONDS WERE REDEEMED IN 2019. (A) ISSUER NAME: CITY OF VENICE, FLORIDA REVENUE IMPROVEMENT BONDS (F) PURPOSE OF SERIES 2019 BONDS: IN DECEMBER 2019, THE VILLAGE ISSUED $17,330,000 IN CITY OF VENICE, FLORIDA REVENUE IMPROVEMENT BONDS (THE SERIES 2019 BONDS). PROCEEDS FROM THE SALE OF THE SERIES 2019 BONDS WERE USED TO FUND THE COST OF ACQUISITION, CONSTRUCTION AND EQUIPPING OF CERTAIN CAPITAL IMPROVEMENTS TO THE HOUSING AND HEALTHCARE FACILITIES OF THE VILLAGE, TO FUND A DEBT SERVICE RESERVE AND TO PAY A PORTION OF THE COST OF ISSUANCE OF THE SERIES 2019 BONDS. FORM 990, PART VI, SECTION A, LINE 7B AS A RELATED AGENCY OF THE FLORIDA-BAHAMAS SYNOD OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA, THE VILLAGE SHALL SECURE THE APPROVAL OF THE SYNOD COUNCIL OF THE FLORIDA-BAHAMAS SYNOD FOR ALL CHANGES IN ITS PRINCIPAL GOVERNING DOCUMENTS AND AMENDMENTS THERETO, OR ANY SUBSTANTIAL CHANGES IN PROGRAM OR PROPERTY, AND THE GENERAL PLANS FOR FINANCING THE AGENCY. FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF FINANCIAL OFFICER PERFORMS A DETAILED REVIEW OF THE FORM 990. IT IS THEN PROVIDED TO THE FULL BOARD OF TRUSTEES THROUGH THE ORGANIZATIONS BOARD PORTAL FOR REVIEW AND DISCUSSIONS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL BOARD MEMBERS AND EMPLOYEES. NEW BOARD MEMBERS COMPLETE AND SUBMIT A SIGNED CONFLICT OF INTEREST DISCLOSURE STATEMENT AT ORIENTATION. ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE AND SUBMIT A SIGNED CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. THESE STATEMENTS ARE REVIEWED BY THE BOARD CHAIRMAN AND CHIEF EXECUTIVE OFFICER. ANY BOARD MEMBER HAVING A POSSIBLE OR ACTUAL CONFLICT OF INTEREST IS PROHIBITED FROM VOTING OR USING HIS/HER PERSONAL INFLUENCE ON THE MATTER, AND SHOULD NOT BE COUNTED AS PART OF A QUORUM FOR THE MEETING. THE SAME PROCESS APPLIES TO KEY EMPLOYEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE (5 MEMBERS), WHICH IS INDEPENDENT WITH RESPECT TO ALL COMPENSATION DECISIONS, EVALUATES THE PERFORMANCE OF THE CHIEF EXECUTIVE OFFICER. THE BOARD APPROVED THE CEO'S CONTRACT. THE CEO'S SALARY CAN ADJUST FROM TIME TO TIME AND INCLUDES AN ANNUAL BONUS BASED ON PERFORMANCE CRITERIA AND GOALS. THE CEO PERFORMS ANNUAL EVALUATIONS OF OTHER TOP MANAGEMENT OFFICIALS AND RECEIVES APPROVAL FROM THE BOARD CHAIRMAN FOR ADJUSTMENTS. THE ORGANIZATION UTILIZES COMPARABILITY SURVEYS AND/OR OTHER WAGE RESEARCH, CONDUCTED BY THE HUMAN RESOURCES DIRECTOR AND/OR CONSULTANTS, TO AID IN DETERMINING THE COMPENSATION OF TOP MANAGEMENT OFFICIALS AND DOCUMENTS THE RESULTS IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION AND PHOTOCOPYING IN ITS FINANCE DEPARTMENT. FINANCIAL STATEMENTS ARE ALSO POSTED IN THE RESIDENT LIBRARIES AND PROVIDED TO NEW RESIDENTS AT CONTRACT SIGNING. THE FINANCIAL STATEMENTS ARE ALSO POSTED ON ELECTRONIC MUNICIPAL MARKET ACCESS (EMMA) WEBSITE AND VILLAGE ON THE ISLE'S WEBSITE. FORM 990, PART VII, SECTION A, COLUMN B TIME DEVOTED TO VILLAGE ON THE ISLE FOUNDATION, INC. - EIN# 30-0208798: NAME TITLE HRS/WK DEVOTED DOUGLAS FELLER CHIEF EXECUTIVE OFFICER 1.00 KATHLEEN ROGERS CHIEF FINANCIAL OFFICER 1.00 REV. DR. BRIAN ARMEN CHAIRMAN 1.00 CHRIS MENZIES VICE CHAIRMAN 1.00 TOM HANKS SECRETARY/TREASURER 1.00 CHRISTINE PUTHOFF TRUSTEE 1.00 VILLAGE ON THE ISLE FOUNDATION INC 990 TAMIAMI TRAIL SOUTH VENICE FL 34285 300208798 FUNDRAISING ON BEHALF OF SOUTHWEST FLORIDA RETIREMENT CENTER, INC. FL 501(C)(3) LINE 12A, I SOUTHWEST FLORIDA RETIREMENT CENTER INC 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 VILLAGE ON THE ISLE FOUNDATION INC C 100000 FMV