2025-09-22T16:21:10-05:00 2024-12-31 591753337 KERKERING BARBERIO & CO PO BOX 49348 SARASOTA FL 342306348 990 2024-01-01 591453706 BAY VILLAGE OF SARASOTA INC BAYV 9419665611 8400 VAMO ROAD SARASOTA FL 34231 ERIC T NICHOLS PRESIDENT & CEO 9419665611 2025-09-18 1 1 REBECCA U STONER P00585910 9413654617 2024 2025-03-06 01:10:19Z ERIC T NICHOLS 8400 VAMO ROAD SARASOTA FL 34231 29463576 0 X WWW.BAYVILLAGE.ORG X 1972 FL SEE SCHEDULE O 11 11 418 160 0 0 0 36000 27311598 28522056 574398 637123 137630 149821 28023626 29345000 0 0 0 0 15085005 16323943 0 0 0 13227478 14012535 28312483 30336478 -288857 -991478 67009582 69840355 29996606 33327870 37012976 36512485 X SEE SCHEDULE O 0 0 28374522 0 28522056 OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY, INCLUDING 278 INDEPENDENT LIVING APARTMENTS, 22 ASSISTED LIVING APARTMENTS, 14 MEMORY CARE APARTMENTS, AND 95 HEALTH CENTER (SKILLED NURSING) BEDS IN SARASOTA, FLORIDA. IN 2024, BAY VILLAGE'S PROGRAMS SERVED APPROXIMATELY 391 RESIDENTS, INCLUDING 327 LIFE-CARE RESIDENTS AND 64 COMMUNITY RESIDENTS. 28374522 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 54 0 1 418 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 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 CAROLYN BLUM DIRECTOR 1.00 X 0 0 0 THOMAS COMBS DIRECTOR 1.00 X 0 0 0 DONALD GOODRICH DIRECTOR 1.00 X 0 0 0 THOMAS HOWE DIRECTOR 1.00 X 0 0 0 KATHLEEN JUNKINS DIRECTOR 1.00 1.00 X 0 0 0 ANDY OLWERT DIRECTOR 1.00 X 0 0 0 JOHN PENN DIRECTOR 1.00 X 0 0 0 ABIGAIL ROBINSON DIRECTOR 1.00 X 0 0 0 THOMAS TAYLOR PAST CHAIRMAN 1.00 1.00 X 0 0 0 DONALD SNYDER CHAIRMAN 1.00 X X 0 0 0 SALLY SEEGER SECRETARY 1.00 X X 0 0 0 ROBERT SHERWOOD VICE CHAIR/TREASURER 1.00 1.00 X X 0 0 0 ERIC NICHOLS PRESIDENT & CEO 40.00 5.00 X 409336 0 21906 CHRISTINA R WIZBA CFO 40.00 5.00 X 289663 0 20268 JENNIFER GRIMES COO 40.00 X 190667 0 9686 LAURA PITCHER MARKETING DIRECTOR 40.00 X 146038 0 15587 SARANTSETSEG ROHDEMAN L.P.N. 40.00 X 131534 0 7425 KAREN ZIKOVICH L.P.N. 40.00 X 129672 0 11956 IVANA FIELDS R.N. 40.00 X 128517 0 11193 KIMBERLY ROTH NURSING DIRECTOR 40.00 X 124367 0 14698 1549794 0 112719 16 0 1 0 FUNCTIONAL PATHWAYS 10133 SHERRILL BLVD KNOXVILLE TN 379323347 THERAPY 891351 SUTTER ROOFING COMPANY OF FLORIDA INC 8284 VICO CT SARASOTA FL 34240 ROOFING CONTRACTOR 816095 MONTGOMERY'S CARPETS PLUS INC 825 E VENICE AVENUE VENICE FL 34285 INSTALLATION CONTRACTOR 516600 OTIS ELEVATOR COMPANY PO BOX 73579 CHICAGO IL 60673 ELEVATOR SERVICES 254352 ALLIANCE PAINTING SOLUTIONS LLC 4660 GLEN BROOKE TERR SARASOTA FL 34243 EXTERIOR BUILDING PAINTING 249240 18 36000 36000 RESIDENT FEES 623990 28522056 28522056 28522056 753274 753274 149821 0 149821 149821 149821 2425 118576 -116151 -116151 -116151 29345000 28522056 0 786944 941526 941526 12558465 12558465 236540 218944 17596 1594439 1514848 79591 992973 925599 67374 1649 1649 59015 59015 472105 416525 55580 229262 229262 58279 58279 334214 334214 1612788 1552700 60088 553 355 198 9102 9102 4883130 4883130 1263154 1263154 SUPPLIES & ANCILLARY SE 1913013 1765720 147293 FOOD COSTS 1810672 1810672 BUILDING REPAIRS 636918 632744 4174 PROPERTY TAXES 311274 311274 417407 291130 126277 30336478 28374522 1961956 0 165811 719113 5178379 3441963 1901084 1177426 59580 73333 446032 1156487 93888575 47626224 47100509 46262351 5916995 10398331 6124667 6523247 116525 88104 67009582 69840355 2743528 3112065 26107657 28912705 1145421 1303100 29996606 33327870 X 37012976 36512485 37012976 36512485 67009582 69840355 -991478 490987 0 X X 0 1 X 1 0 X 944547 379083 7000000 36000 8359630 22802072 22286784 22764746 27449228 28671877 123974707 23746619 22665867 29764746 27449228 28707877 132334337 0 0 0 132334337 393991 228701 219880 621129 753274 2216975 393991 228701 219880 621129 753274 2216975 24140610 22894568 29984626 28070357 29461151 134551312 0.98350 0.98470 0.01650 0.01530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4918007 4918007 74039126 38446677 35592449 2504742 1804646 700096 765499 668121 97378 11661201 6706780 4954421 46262351 MLR ESCROW 5668436 F 457B TRUST 854811 F 6523247 REFUNDABLE ADMISSION FEES PAYABLE 705000 APARTMENT DEPOSITS PAYABLE 575970 LEASE LIABILITIES 66902 DUE FROM ENDOWMENT - GOOD NEIGHBOR FDN -44772 1303100 X 31192098 490987 1356111 1847098 29345000 0 29345000 30379566 43088 43088 30336478 0 30336478 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 1,356,111. PART XII, LINE 2D - OTHER ADJUSTMENTS: AMOUNTS REPORTED ON BAY VILLAGE ENDOWMENT TRUST EIN 59-1958932 43,088. X X X 0 0 0 0 0 0 0 0 0 ERIC NICHOLS PRESIDENT & CEO 361347 0 0 0 47989 0 12220 0 9686 0 431242 0 0 0 CHRISTINA R WIZBA CFO 262736 0 0 0 26927 0 10582 0 9686 0 309931 0 0 0 JENNIFER GRIMES COO 175625 0 0 0 15042 0 0 0 9686 0 200353 0 0 0 LAURA PITCHER MARKETING DIRECTOR 146038 0 0 0 0 0 5901 0 9686 0 161625 0 0 0 FORM 990, PART I, LINE 1 ORGANIZATION'S MOST SIGNIFICANT ACTIVITIES 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, MEMORY CARE, 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. 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 III, LINE 1 MISSION STATEMENT 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, MEMORY CARE, 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. 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 2024. 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 2024. 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 1 0 0