2025-11-14T11:30:53+00:00 2024-12-31 440160260 Forvis Mazars LLP 255 South Orange Avenue Suite 600 Orlando FL 32801 990 2024-01-01 311671731 Skidaway Health and Living Services Inc SKID 9125983601 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 THOMAS E SOULS PRESIDENT 9125983601 2025-11-14 true true Harry Harp P00176471 4077405400 2025-11-07 2024 2025-03-06 01:10:19Z THOMAS E SOULS 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 20511733 false X WWW.MARSHESOFSKIDAWAY.ORG X 1999 GA OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY ENRICHING THE LIVES AND WELL-BEING OF SENIORS. 12 12 223 36 0 212730 0 18094404 19236751 953746 1199151 0 19260880 20435902 0 0 7129889 7251168 0 0 10897972 11866491 18027861 19117659 1233019 1318243 98556051 101958338 144370312 144475079 -45814261 -42516741 SKIDAWAY HEALTH AND LIVING SERVICES, INC. IS A COMMUNITY-BASED ORGANIZATION CELEBRATING THE LIVES OF SENIORS AND SERVING THEIR SOCIAL, PERSONAL AND HEALTH NEEDS THROUGH A CONTINUUM OF CARE THAT ENRICHES THEIR LIVES AND WELL-BEING. false false 16863949 0 19236751 THE ORGANIZATION IS A CONTINUING CARE RETIREMENT COMMUNITY ("CCRC") COMMUNITY) OPERATING UNDER THE NAME "THE MARSHES OF SKIDAWAY ISLAND" (THE COMMUNITY) AND OPERATES UNDER THE "CONTINUING CARE" CONCEPT IN WHICH RESIDENTS ENTER INTO OCCUPANCY AGREEMENTS THAT REQUIRE PAYMENT OF A ONE-TIME ENTRANCE FEE AND A MONTHLY SERVICE FEE. THE COMMUNITY INCLUDES 182 INDEPENDENT LIVING UNITS, 178 OF WHICH WERE OCCUPIED AS OF DECEMBER 31, 2024. THE COMMUNITY'S SKILLED NURSING OFFERS 24-HOUR NURSING SERVICES VIA 23 SKILLED NURSING CARE BEDS. THE COMMUNITY'S ASSISTED LIVING FACILITY OFFERS 24-HOUR ASSISTANCE TO THE RESIDENTS OF 21 ASSISTED LIVING UNITS. OTHER SERVICES INCLUDE FOOD SERVICE AND IN-HOME HEALTH CARE. 16863949 true false false false false false false false false false true true false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 64 0 true 223 true false false false false false false false false false false false false X 12 12 false true false false false false false true true false false false true true true true true true false false false false GA X LORNA CARSWELL 9125985030 95 SKIDAWAY ISLAND PARK ROAD SAVANNAH GA 31411 ADAM COHEN VICE PRESIDENT 0.5 X X 0 0 0 KENT URNESS TREASURER 0.5 X X 0 0 0 SUSAN Y HELMS SECRETARY 0.5 X X 0 0 0 THOMAS E SOULS PRESIDENT 0.5 X X 0 0 0 BECKY KEIGHTLEY MEMBER 0.5 X 0 0 0 BILL DARDEN JR MEMBER 0.5 X 0 0 0 ERIC H LARSON MEMBER 0.5 X 0 0 0 JESSE RUBEN MEMBER 0.5 X 0 0 0 LOUISE MCDONALD MEMBER 0.5 X 0 0 0 MOLLY M LANIER MEMBER 0.5 X 0 0 0 SARAH J LAMAR MEMBER 0.5 X 0 0 0 VIRGINIA LASTNER MEMBER 0.5 X 0 0 0 ERIC DUDASKO EXECUTIVE DIRECTOR 40.0 X 0 0 0 LORNA CARSWELL ACCOUNTING DIRECTOR 40.0 X 117125 0 0 ANGIE CARROLL HUMAN RESOURCES DIRECTOR 40.0 X 106080 0 0 COLLEEN EDWARDS MARKETING DIRECTOR 40.0 X 130573 0 0 KIMBERLY GREGORY HOME CARE DIRECTOR 40.0 X 105305 0 0 SHERRY HATTLE DIRECTOR OF NURSING 40.0 X 119654 0 0 578737 0 0 5 false false false LIFE CARE SERVICES LLC 400 LOCUST STE 820 DES MOINES IA 50309 MANAGEMENT FEES 1059182 BRANNEN CONSTRUCTION 1311 EAST 59TH STREET SAVANNAH GA 31404 CONSTRUCTION SERVICES 689303 HEALTH PRO-HERITAGE LLC 536 PO BOX 69268 BALTIMORE MD 21264 THERAPY CONTRACTOR 478674 SAVANNAH FLOOR COVERINGS 1215 E HIGHWAY 80 STE 300 POOLER GA 31322 CONSTRUCTION SERVICES 281232 Falls and Company 50 Public Square floor 25 Cleveland OH 44113 Advertising 187414 10 0 MONTHLY SERVICE FEES 623000 14693578 14693578 HEALTHCARE FEES 623000 1701008 1701008 EARNED ENTRANCE FEES 623000 1244323 1244323 OTHER RESIDENT REVENUE 623000 1309600 1309600 HOME HEALTH SERVICE FEES 623000 288242 288242 0 0 0 0 19236751 1274982 1274982 0 0 0 75831 0 -75831 -75831 -75831 0 0 0 0 0 20435902 19236751 0 1199151 117125 117125 5992038 5355988 636050 13962 13962 705488 67542 637946 422555 335840 86715 859071 644303 214768 735 735 28148 28148 83269 83269 199748 199748 0 0 183022 183022 35695 29954 5741 3863963 3813742 50221 14919 14919 1049068 1035932 13136 3926208 3877047 49161 193766 153594 40172 FOOD EXPENSE 927180 927180 SUPPLIES & EQUIPMENT 362834 361438 1396 RECRUITING EXPENSE 41553 41553 EMPLOYEE EXPENSES 39427 36258 3169 57885 10464 47421 0 19117659 16863949 2253710 0 2308130 3334848 13844229 9327480 195229 226153 0 0 0 0 119087 124136 208625 201308 113527731 55937194 58634466 57590537 25894283 23152885 5173710 0 90100 82583 3300 3300 98556051 101958338 1167111 1092190 7317230 7499827 0 0 43486871 42042196 92399100 93840866 144370312 144475079 X -46104735 -42594485 290474 77744 -45814261 -42516741 98556051 101958338 X 1318243 1645567 333710 X false true true false X 1367503 20222 15912 212730 1616367 16321693 17201657 17300219 18094404 19236751 88154724 0 0 0 17689196 17221879 17316131 18307134 19236751 89771091 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 89771091 382798 389405 329504 1649713 1274982 4026402 0 382798 389405 329504 1649713 1274982 4026402 0 0 0 0 0 0 0 18071994 17611284 17645635 19956847 20511733 93797493 0.95707 0.95651 0.04 0.0341 X 3400000 3400000 103893942 51366544 52527398 6053910 4570650 1483260 179879 179879 57590537 5173710 F Closely-held equity interests F Financial derivatives 5173710 F MONEY MARKET FUNDS F CORPORATE EQUITIES F CORPORATE BONDS F MUTUAL FUNDS F U.S. TREASURY OBLIGATIONS F 5173710 Federal Income Taxes DEPOSITS 2131610 REFUNDABLE ENTRANCE FEES PAYABLE 91709256 93840866 X 22331910 1645567 333710 1979277 20352633 83269 0 83269 20435902 19034390 0 0 19034390 83269 0 83269 19117659 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Organization is a not-for-profit corporation organized under the laws of the State of Georgia and is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly, these financial statements include no provision or liability for income taxes. As of December 31, 2024, with certain statutory exceptions, the Organization is no longer subject to income tax examinations by U.S. federal or the state of Georgia taxing authorities for any years before the tax year ended December 31, 2021. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS - 333710 Form 990, Part VI, Line 15 PROCESS TO ESTABLISH COMPENSATION THE ORGANIZATION USES AN INDEPENDENT MANAGEMENT COMPANY AND DOES NOT DIRECTLY PAY COMPENSATION TO ITS TOP MANAGEMENT OFFICIAL. PLEASE SEE THE DISCUSSION CONCERNING THE BOARD-APPROVED MANAGEMENT AGREEMENT IN RESPONSE TO PART VI, LINE 3. Form 990, Part VI, Line 3 Delegation of management duties THE ORGANIZATION USES A MANAGEMENT COMPANY, LIFE CARE SERVICES LLC (LCS), TO MANAGE THE DAY-TO-DAY OPERATIONS IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES, DIRECTIVES, AND GOALS. THE EXECUTIVE DIRECTOR OF THE HEALTH CARE CENTER IS A LCS EMPLOYEE. THE FILING ORGANIZATION REIMBURSED LCS IN THE AMOUNT OF $473,221 FOR EXECUTIVE DIRECTOR SERVICES PROVIDED DURING THE CURRENT YEAR. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED IN ITS ENTIRETY BY THE CHAIR OF THE FINANCE COMMITTEE BEFORE IT IS FILED WITH THE IRS. A COPY OF THE FORM 990, AS ULTIMATELY FILED WITH THE IRS, IS PROVIDED TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED. Form 990, Part VI, Line 12c Conflict of interest policy THE BOARD OF DIRECTORS MONITORS AND ENFORCES COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY WHENEVER A CONFLICT IS IDENTIFIED THROUGH THE ANNUAL DISCLOSURE PROCESS. THE BOARD DETERMINES WHETHER A CONFLICT EXISTS AND, IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO THE ORGANIZATION. THE DECISION OF THE BOARD ON THESE MATTERS RESTS IN THEIR DISCRETION, AND THEIR CONCERN IS THE WELFARE OF THE ORGANIZATION AND THE ADVANCEMENT OF ITS PURPOSE. TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: 1. THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2. THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; 3. A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS; AND 4. THE BOARD HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND FOR REVIEW IN ITS OFFICE. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS - 333710; Total - 333710;