2023-06-21T12:57:31-05:00 2022-12-31 591753337 KERKERING BARBERIO & CO PO BOX 49348 SARASOTA FL 342306348 990 2022-01-01 591453706 BAY VILLAGE OF SARASOTA INC BAYV 9419665611 8400 VAMO ROAD SARASOTA FL 34231 ERIC T NICHOLS PRESIDENT & CEO 9419665611 2023-06-09 1 ERIC NICHOLS 999009999 0 REBECCA U STONER P00585910 9413654617 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z ERIC T NICHOLS 8400 VAMO ROAD SARASOTA FL 34231 29995011 0 X WWW.BAYVILLAGE.ORG X 1972 FL ESTABLISHED ON CHRISTIAN PRINCIPLES, BAY VILLAGE OF SARASOTA, INC. (BVSI) OFFERS A DYNAMIC, SECURE, AND COMPREHENSIVE RESIDENCY FOR OLDER ADULTS, PROVIDING MEANINGFUL COMMUNITY LIFE WITH CONTINUING CARE. BVSI IS A CHURCH-RELATED CONTINUING CARE RETIREMENT COMMUNITY COMMITTED TO PROVIDING THE HIGHEST QUALITY OF SERVICE TO RESIDENTS OF ALL FAITHS WITH NURSING AND HEALTH CARE, RECREATIONAL AND SPIRITUAL OPPORTUNITIES. BVSI PROVIDES SERVICES THAT ENHANCE THE QUALITY OF LIFE FOR RESIDENTS THROUGH INDEPENDENT RETIREMENT LIVING, ASSISTED LIVING, HOME HEALTH, SKILLED NURSING, AND SOCIAL SERVICES, WHILE CONTINUING TO HONOR EACH PERSON'S DIGNITY, RIGHTS, SELF-RESPECT AND INDEPENDENCE. BVSI IS COMMITTED TO A PROGRAM OF STEWARDSHIP WHICH RECOGNIZES ITS RESPONSIBILITY TO USE RESOURCES WELL. BVSI'S BENEVOLENCE PROGRAM ENSURES, TO THE EXTENT FEASIBLE, THAT RESIDENTS WHO HAVE EXHAUSTED THEIR FINANCIAL RESOURCES, THROUGH NO FAULT OF THEIR OWN, CAN REMAIN AS RESIDENTS EVEN IF THEY BECOME UNABLE TO PAY. 12 12 343 140 0 0 379083 7000000 22423501 22619940 179079 158131 178427 128817 23160090 29906888 0 0 0 0 12009801 12804155 0 0 0 9207006 10343123 21216807 23147278 1943283 6759610 58079640 64329444 27427781 27499855 30651859 36829589 X ESTABLISHED ON CHRISTIAN PRINCIPLES, BAY VILLAGE OF SARASOTA, INC. (BVSI) OFFERS A DYNAMIC, SECURE, AND COMPREHENSIVE RESIDENCY FOR OLDER ADULTS, PROVIDING MEANINGFUL COMMUNITY LIFE WITH CONTINUING CARE. BVSI IS A CHURCH-RELATED CONTINUING CARE RETIREMENT COMMUNITY COMMITTED TO PROVIDING THE HIGHEST QUALITY OF SERVICE TO RESIDENTS OF ALL FAITHS WITH NURSING AND HEALTH CARE, RECREATIONAL AND SPIRITUAL OPPORTUNITIES. BVSI PROVIDES SERVICES THAT ENHANCE THE QUALITY OF LIFE FOR RESIDENTS THROUGH INDEPENDENT RETIREMENT LIVING, ASSISTED LIVING, HOME HEALTH, SKILLED NURSING, AND SOCIAL SERVICES, WHILE CONTINUING TO HONOR EACH PERSON'S DIGNITY, RIGHTS, SELF-RESPECT AND INDEPENDENCE. BVSI IS COMMITTED TO A PROGRAM OF STEWARDSHIP WHICH RECOGNIZES ITS RESPONSIBILITY TO USE RESOURCES WELL. BVSI'S BENEVOLENCE PROGRAM ENSURES, TO THE EXTENT FEASIBLE, THAT RESIDENTS WHO HAVE EXHAUSTED THEIR FINANCIAL RESOURCES, THROUGH NO FAULT OF THEIR OWN, CAN REMAIN AS RESIDENTS EVEN IF THEY BECOME UNABLE TO PAY. 0 0 21468121 0 22619940 OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY, INCLUDING 282 INDEPENDENT LIVING APARTMENTS, 22 ASSISTED LIVING APARTMENTS, AND 95 HEALTH CENTER (SKILLED NURSING) BEDS IN SARASOTA, FLORIDA. IN 2022, BAY VILLAGE'S PROGRAMS SERVED APPROXIMATELY 362 RESIDENTS, INCLUDING 301 LIFE-CARE RESIDENTS AND 61 COMMUNITY RESIDENTS. 21468121 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 60 0 1 343 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X CHRISTINA R WIZBA CFO 9419665611 8400 VAMO ROAD SARASOTA FL 34231 JAMES BAILIFF DIRECTOR 1.00 0.00 X 0 0 0 CAROLYN BLUM DIRECTOR 1.00 0.00 X 0 0 0 THOMAS COMBS DIRECTOR 1.00 0.00 X 0 0 0 GERRY HAILEY DIRECTOR 1.00 1.00 X 0 0 0 KEVIN HICKS DIRECTOR 1.00 0.00 X 0 0 0 ANDY OLWERT DIRECTOR 1.00 0.00 X 0 0 0 ABIGAIL ROBINSON DIRECTOR 1.00 0.00 X 0 0 0 THOMAS TAYLOR DIRECTOR 1.00 1.00 X 0 0 0 KEVIN HAGAN CHAIRMAN 1.00 1.00 X X 0 0 0 DONALD SNYDER VICE CHAIR 1.00 0.00 X X 0 0 0 SALLY SEEGER SECRETARY 1.00 0.00 X X 0 0 0 ROBERT SHERWOOD TREASURER 1.00 1.00 X X 0 0 0 ERIC NICHOLS PRESIDENT & CEO 40.00 5.00 X 323142 0 20027 CHRISTINA R WIZBA CFO 40.00 5.00 X 268372 0 18101 JENNIFER GRIMES COO 40.00 0.00 X 170842 0 8094 LAURA PITCHER MARKETING DIRECTOR 40.00 X 140873 0 13788 BONNIE COMBS C.N.A. 40.00 X 132945 0 13416 IVANA FIELDS R.N. 40.00 X 122320 0 4893 SARANTSETSEG ROHDEMAN L.P.N. 40.00 X 119357 0 14324 SEAN MANOWN DINING DIRECTOR 40.00 X 116821 0 8248 1394672 0 100891 12 0 1 0 ME&S 1645 BARBER ROAD SARASOTA FL 34240 BUILDING CONTRACTOR 9334627 FUNCTIONAL PATHWAYS 10133 SHERRILL BLVD KNOXVILLE TN 379323347 THERAPY 541569 MONTGOMERY'S CARPETS PLUS INC 825 E VENICE AVENUE VENICE FL 34285 INSTALLATION CONTRACTOR 390950 TRANE US INC PO BOX 406469 ATLANTA GA 303846469 MAINTANENCE CONTRACTOR 324328 SFCS INC 305 SOUTH JEFFERSON STREET ROANOKE VA 24011 BUILDING CONTRACTOR 251684 14 7000000 7000000 RESIDENT FEES 623990 22619940 22619940 22619940 219880 219880 144806 15989 128817 128817 128817 10385 72134 -61749 -61749 -61749 29906888 22619940 0 286948 808578 808578 9691055 9675918 15137 224455 211936 12519 1317720 1238568 79152 762347 706696 55651 17059 17059 36108 36108 71550 71550 203784 203784 54926 54926 270228 270228 1484210 1434550 49660 527 338 189 3033 3033 3419885 3419885 778287 778287 FOOD COSTS 1467206 1467206 SUPPLIES & ANCILLARY SE 1339587 1234966 104621 BUILDING REPAIRS 619433 615840 3593 PROPERTY TAXES 202633 202633 374667 277514 97153 23147278 21468121 1679157 0 1460947 968654 6243973 3133163 735748 1094996 50437 54988 300074 375266 99495972 53095430 32433758 46400542 10977795 6414441 5862480 5786377 14428 101017 58079640 64329444 3966856 3136518 22667404 23421642 793521 941695 27427781 27499855 X 30651859 36829589 30651859 36829589 58079640 64329444 6759610 -581880 0 X X 0 1 X 1 0 X 1227 944547 379083 7000000 8324857 25485483 23891612 22802072 22286784 22764746 117230697 25486710 23891612 23746619 22665867 29764746 125555554 0 0 0 125555554 377067 511559 393991 228701 219880 1731198 377067 511559 393991 228701 219880 1731198 25863777 24403171 24140610 22894568 29984626 127286752 0.98640 0.98570 0.01360 0.01430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4815934 4815934 66931484 44245448 22686036 2311734 1875389 436345 741865 658060 83805 24694955 6316533 18378422 46400542 MLR ESCROW 5142757 F 457B TRUST 643620 F 5786377 REFUNDABLE ADMISSION FEES PAYABLE 500000 APARTMENT DEPOSITS PAYABLE 371140 LEASE LIABILITIES 78145 DUE FROM ENDOWMENT - GOOD NEIGHBOR FDN -7590 941695 X 19995660 -581880 -2345336 -2927216 22922876 6984012 6984012 29906888 23165416 18139 18139 23147277 1 1 23147278 PART X, LINE 2: BAY VILLAGE AND THE ENDOWMENT TRUST HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS TAX-EXEMPT ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ENDOWMENT FUND IS CLASSIFIED AS A SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3). INCOME EARNED IN FURTHERANCE OF BAY VILLAGE AND THE ENDOWMENT TRUST'S TAX-EXEMPT PURPOSE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. UNDER THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION, THE ORGANIZATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE COMBINED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: AMOUNTS REPORTED ON BAY VILLAGE ENDOWMENT FUND EIN 59-1958932 -2,345,336. PART XI, LINE 4B - OTHER ADJUSTMENTS: RELATED ORGANIZATION GRANT ELIMINATED FOR AUDIT 7,000,000. RENTAL EXPENSES NETTED AGAINST 990 REVENUE -15,989. ROUNDING 1. PART XII, LINE 2D - OTHER ADJUSTMENTS: AMOUNTS REPORTED ON BAY VILLAGE ENDOWMENT TRUST EIN 59-1958932 2,150. RENTAL EXPENSES NETTED AGAINST 990 REVENUE 15,989. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING 1. X X X 0 0 0 0 0 0 0 0 0 ERIC NICHOLS PRESIDENT & CEO 321524 0 0 0 1618 0 11933 0 8094 0 343169 0 0 0 CHRISTINA R WIZBA CFO 250231 0 0 0 18141 0 10007 0 8094 0 286473 0 0 0 JENNIFER GRIMES COO 166834 0 0 0 4008 0 0 0 8094 0 178936 0 0 0 LAURA PITCHER MARKETING DIRECTOR 140873 0 0 0 0 0 5694 0 8094 0 154661 0 0 0 FORM 990, PART I, LINE 6, VOLUNTEERS BAY VILLAGE RESIDENT VOLUNTEERS PARTICIPATE IN MANY CAPACITIES - AS RESIDENT COUNCIL MEMBERS, AS FLOOR REPRESENTATIVES TO WELCOME NEW RESIDENTS, OPERATING THE LIBRARY, MARKETPLACE, AND RESALE SHOP, OR ASSISTING IN BINGO AND OTHER RESIDENT ENRICHMENT PROGRAMS. VOLUNTEERS ALSO SERVE ON MANY RESIDENT COMMITTEES, SUCH AS ENTERTAINMENT, SPIRITUAL CARE, BUILDING & GROUNDS, AND DINING. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE ORGANIZATION ARE COMPRISED OF PERSONS AT LEAST 18 YEARS OR OLDER WHO ARE GOOD STANDING MEMBERS OF PINE SHORES PRESBYTERIAN CHURCH IN SARASOTA, FLORIDA. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CORPORATION (ALL PERSONS AT LEAST 18 YEARS OLD AND WHO ARE GOOD STANDING MEMBERS OF PINE SHORES PRESBYTERIAN CHURCH, SARASOTA, FLORIDA) ELECT THE BAY VILLAGE BOARD OF DIRECTORS ANNUALLY. A MAJORITY OF THE BOARD SHALL BE MEMBERS. EACH MEMBER IS ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS OF BAY VILLAGE. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGES TO THE BYLAWS OF BAY VILLAGE OF SARASOTA, INC. MUST BE APPROVED BY THE MEMBERS OF THE CORPORATION, AS DEFINED IN PART VI, SECTION A, LINE 6. ALSO, THE MEMBERS APPROVE THE BAY VILLAGE BOARD OF DIRECTORS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 11B BOARD MEMBERS ARE NOTIFIED THAT A DRAFT FORM 990 IS AVAILABLE FOR THEIR REVIEW AND OFFERED PAPER OR PDF COPIES UPON REQUEST. QUESTIONS AND COMMENTS ARE INVITED IN ADVANCE OF FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS ARE REVIEWED ON AN ANNUAL BASIS. EACH BOARD MEMBER IS ASKED TO REVIEW AND SIGN A DISCLOSURE FORM FOR ANY CONFLICTS OF INTEREST. A LIST OF CONFLICTS IS MAINTAINED AND UPDATED AS NEEDED. MEMBERS WITH CONFLICTS ARE REQUIRED TO ABSTAIN FROM VOTING ON MATTERS WHERE THE CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A: THE PRESIDENT/CEO'S COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS ANNUALLY, MOST RECENTLY IN APRIL 2022. THE BOARD'S COMPENSATION REVIEW INCLUDES EVALUATION OF THE PRESIDENT/CEO'S PERFORMANCE AND COMPENSATION BASED ON HIS EMPLOYMENT CONTRACT, ACHIEVEMENT OF ANNUAL GOALS, AND COMPARISON WITH INDUSTRY COMPENSATION SURVEYS. LINE 15B: THE PRESIDENT/CEO SETS THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES WITHIN THE POLICIES AND SALARY SCALES AS ESTABLISHED BY THE BOARD OF DIRECTORS. OTHER OFFICERS AND KEY EMPLOYEE COMPENSATION IS REVIEWED ANNUALLY, MOST RECENTLY IN 2022. FORM 990, PART VI, SECTION C, LINE 19 NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C, AUDIT REVIEW PROCESS THERE WERE NO CURRENT YEAR CHANGES TO THE AUDIT OVERSIGHT PROCESS. BAY VILLAGE ENDOWMENT FUND 8400 VAMO ROAD SARASOTA FL 34231 591958932 PROVIDE FUNDS AND FINANCIAL ASSISTANCE FOR BAY VILLAGE SARASOTA, INC. FL 501(C)(3) LINE 12A, I N/A 0 THE PINE SHORES PRESBYTERIAN CHURCH 6135 BEECHWOOD AVENUE SARASOTA FL 34231 590794839 CHURCH FL 501(C)(3) LINE 1 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0