CARPENTERS HOME ESTATES INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- CARPENTERS HOME ESTATES INC (EIN 59-2347336)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-09-12
- IRS object ID
- 201112559349300806
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-09-12T09:06:23-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Moore Stephens Lovelace PA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 311 Park Place Blvd Suite 100 | AddressLine1 |
| City | Clearwater | City |
| State | FL | State |
| ZIP Code | 33759 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 592347336 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Carpenter's Home Estates Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CARP | NameControl |
| Phone | 8638583847 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 Carpenters Way | AddressLine1 |
| City | Lakeland | City |
| State | FL | State |
| ZIP Code | 33809 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Lou McCraney | Name |
| Title | Secretary/Vice President Elect | Title |
| Phone | 8638583847 | Phone |
| Date Signed | 2011-09-12 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Karin E Vickers | Name |
| Phone | 7275314477 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Lou McCraney | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 Carpenters Way | AddressLine1 |
| City | Lakeland | City |
| State | FL | State |
| ZIP Code | 33809 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 16449513 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1989 | YearFormation |
| State Legal Domicile | FL | StateLegalDomicile |
| Activity Or Mission Description | See Schedule O.The Estates at Carpenter's is a not-for-profit Continuing Care Retirement Community as defined in Florida Statute 651 and is dedicated to providing nursing and personal services to meet the spritual, social, emotional, physical and health needs of the residents and the community we serve. We strive to promote and enhance an environment that encourages dignity, personal growth, happiness and self-esteem while valuing a sense of purpose and independence, and we do this at the lowest possible cost to the resident. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 379 | TotalNbrEmployees |
| Total Nbr Volunteers | 92 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 17913 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 31217 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 16535199 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 16274003 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 886169 | InvestmentIncomePriorYear |
| Investment Income Current Year | 144293 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 17439281 | TotalRevenuePriorYear |
| Total Revenue Current Year | 16449513 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 6335 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 25031 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 7366191 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 8349439 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 7711420 | OtherExpensePriorYear |
| Other Expenses Current Year | 7463433 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 15083946 | TotalExpensesPriorYear |
| Total Expenses Current Year | 15837903 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2355335 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 611610 | RevenuesLessExpensesCY |
| Total Assets BOY | 44353185 | TotalAssetsBOY |
| Total Assets EOY | 44365546 | TotalAssetsEOY |
| Total Liabilities BOY | 41018239 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 40418990 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 3334946 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 3946556 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | The Estates at Carpenter's is a not-for-profit Continuing Care Retirement Community as defined in Florida Statute 651 and is dedicated to providing nursing and personal services to meet the spiritual, social, emotional, physical, and health needs of the residents and community we serve. We strive to promote and enhance an environment that encourages dignity, personal growth, happiness and self-esteem while valuing a sense of purpose and independence, and we do this at the lowest possible cost to the resident. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 3778686 | Expense |
| Revenue | 4264209 | Revenue |
| Description | See Schedule O.Carpenter's Home Estates, Inc. ("the Estates") operates a 72 bed skilled nursing facility and participates in the Medicare and Medicaid programs. In 2010, 59% of the total patient days served in the nursing home were receiving lifecare benefits. Through their resident agreement, these residents receive a guarantee for the provision of services regardless of their ability to pay, as long as they have not disposed of their assets at less than fair market value. In addition, the Estates demonstrates commitment to the service and support of the indigent elderly population of the local community. In 2010, 15% of the total patient days in the skilled nursing component were for care provided to residents covered by the Medicaid program. In the Estates 25 year history, no resident has ever been asked to leave due to their inability to meet their financial obligations to the organization. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1059675 | Expense |
| Revenue | 1195833 | Revenue |
| Description | See Schedule O.Carpenter's Home Estates, Inc. operates a 49 unit assisted living facility with a licensed occupancy of 52 residents. The facility holds an extended congregate care license to allow for the provision of nursing services to the residents. This specialty license allows the facility to expand the number and types of services provided to the residents with the intent of allowing them to "age in place." This license and staffing pattern, which includes 24-hour a day nursing coverage, permits the residents to age with dignity and postpones their transfer to skilled nursing, which has a higher cost than assisted living. In 2010, 93% of the residents served in the assisted living facility were receiving lifecare benefits. Through their resident agreement, these residents receive a guarantee for the provision of services and support regardless of their ability to pay, as long as they have not disposed of their assets at less than fair market value. In the Estates 25 year history, no resident has ever been asked to leave due to their inability to meet their financial obligations to the organization. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 9275179 | Expense |
| Grants | 31217 | Grants |
| Revenue | 10466945 | Revenue |
| Description | See Schedule O.Carpenter's Home Estates, Inc. operates 372 independent living apartments as part of the continuing care retirement community. The independent living apartments provide financial support to the operating activities of the skilled nursing facility and the assisted living facility. The Estates operates a Wellness Clinic staffed by licensed nurses to provide oversight of resident health concerns, communicate with medical providers to improve care and minimize waste, and to assist in the coordination of outside medical services. The resident agreement executed at admission to the community provides residents with a sense of security and peace of mind by guaranteeing the provisions of services and support for the rest of their lives and regardless of their ability to pay, as long as they have not disposed of their assets at less than fair market value. In the Estates 25 year history, no resident has ever been asked to leave due to their inability to meet their financial obligations to the organization. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 14113540 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 27 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 379 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 1 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | John Thompson | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8638583847 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 Carpenters Way | AddressLine1 |
| City | Lakeland | City |
| State | FL | State |
| ZIP Code | 33809 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (9 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| Mallory Johnson | ||||||
| President | 3.00 | X | X | 0 | 0 | 0 |
| Rev Dwight Edwards | ||||||
| Board Member | 3.00 | X | 0 | 0 | 0 | |
| Lou McCraney | ||||||
| Secretary/Vice President Elect | 3.00 | X | X | 0 | 0 | 0 |
| Dr Riley Short | ||||||
| Board Member | 3.00 | X | 0 | 0 | 0 | |
| Leo Gillman | ||||||
| Treasurer | 3.00 | X | X | 0 | 0 | 0 |
| Lynne Breidenbach | ||||||
| Board Member | 3.00 | X | 0 | 0 | 0 | |
| Sammy Taylor | ||||||
| Board Member | 3.00 | X | 0 | 0 | 0 | |
| Brian Robare | ||||||
| Director of Operations | 40.00 | X | 123573 | 0 | 40255 | |
| John Thompson | ||||||
| Executive Director | 40.00 | X | 126606 | 0 | 11316 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 250179 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 51571 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Great West Health Care | |||||
| 1511 N Westshore Blvd 700 | Tampa | FL | 33607 | Health Insurance Provider | 1079579 |
| HMS of Lakeland Inc | |||||
| 1009 Carpenters Way | Lakeland | FL | 33809 | Management Services | 663725 |
| US Food Service Inc | |||||
| PO Box 281841 | Atlanta | GA | 30384 | Food Vendor | 411526 |
| Sysco Food Services | |||||
| 200 West Story Road | Ocoee | FL | 34761 | Food Vendor | 316145 |
| Pharmerica | |||||
| 735B West Highway 434 | Longwood | FL | 32750 | Pharmacy Supplies | 212187 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 12 | NumberOfContractorsGT100K |
| All Other Contributions | 31217 | AllOtherContributions |
| Total Contributions | 31217 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| Assisted Living Revenu | 623000 | 14364857 | 14364857 | |
| Medicare/Medicaid Paym | 623000 | 1562130 | 1562130 | |
| Beauty Shop Income | 900099 | 190397 | $190,397 | |
| Resident Services | 623000 | 156619 | $156,619 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 16274003 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 144293 | TotalRevenueColumn |
| Exclusion | $144,293 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 16449513 | TotalRevenueColumn |
| Related Or Exempt Function Income | 15926987 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $491,309 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25031 | Total |
| Program Services | 25031 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 301750 | Total |
| Management And General | 301750 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6449941 | Total |
| Program Services | 6251972 | ProgramServices |
| Management And General | 197969 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 57524 | Total |
| Program Services | 42572 | ProgramServices |
| Management And General | 14952 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1004634 | Total |
| Program Services | 990230 | ProgramServices |
| Management And General | 14404 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 535590 | Total |
| Program Services | 464169 | ProgramServices |
| Management And General | 71421 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 539316 | Total |
| Program Services | 194154 | ProgramServices |
| Management And General | 345162 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 46296 | Total |
| Program Services | 35761 | ProgramServices |
| Management And General | 10535 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32045 | Total |
| Management And General | 32045 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 98349 | Total |
| Program Services | 1952 | ProgramServices |
| Management And General | 96397 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 912237 | Total |
| Program Services | 850654 | ProgramServices |
| Management And General | 61583 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36602 | Total |
| Program Services | 23085 | ProgramServices |
| Management And General | 13517 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38390 | Total |
| Program Services | 19494 | ProgramServices |
| Management And General | 18896 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1545694 | Total |
| Program Services | 1545694 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1758017 | Total |
| Program Services | 1758017 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 375093 | Total |
| Program Services | 125453 | ProgramServices |
| Management And General | 249640 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| Dietary Food and Suppli | 1358878 | 1305734 | 53144 |
| Utilities | 206105 | 206105 | |
| Charitable Care | 135524 | 86386 | 49138 |
| Postage and Freight | 68253 | 3749 | 64504 |
| Miscellaneous | 55009 | 1668 | 53341 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 257625 | Total |
| Program Services | 181660 | ProgramServices |
| Management And General | 75965 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15837903 | Total |
| Program Services | 14113540 | ProgramServices |
| Management And General | 1724363 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 215730 | BOY |
| EOY | 66398 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5889727 | BOY |
| EOY | 7343778 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 575182 | BOY |
| EOY | 681583 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 270111 | BOY |
| EOY | 351741 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 46615 | BOY |
| EOY | 58276 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 354554 | BOY |
| EOY | 472365 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 47962827 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 20213141 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28484690 | BOY |
| EOY | 27749686 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8516576 | BOY |
| EOY | 7641719 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44353185 | BOY |
| EOY | 44365546 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1678390 | BOY |
| EOY | 1468998 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13411223 | BOY |
| EOY | 13238004 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24855000 | BOY |
| EOY | 24855000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1073626 | BOY |
| EOY | 856988 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41018239 | BOY |
| EOY | 40418990 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3334946 | BOY |
| EOY | 3946556 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3334946 | BOY |
| EOY | 3946556 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44353185 | BOY |
| EOY | 44365546 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 611610 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 230209 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 190614 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 22977 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 17913 | CurrentTaxYearMinus1Year |
| Current Tax Year | 31217 | CurrentTaxYear |
| Total | 492930 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 14760154 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 15503198 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 16834865 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 16593075 | CurrentTaxYearMinus1Year |
| Current Tax Year | 16261646 | CurrentTaxYear |
| Total | 79952938 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 14990363 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 15693812 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 16857842 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 16610988 | CurrentTaxYearMinus1Year |
| Current Tax Year | 16292863 | CurrentTaxYear |
| Total | 80445868 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 7373 | CurrentTaxYearMinus4Years |
| Total | 7373 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 7373 | CurrentTaxYearMinus4Years |
| Total | 7373 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 80438495 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 391417 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 442447 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 443917 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 886169 | CurrentTaxYearMinus1Year |
| Current Tax Year | 144292 | CurrentTaxYear |
| Total | 2308242 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 391417 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 442447 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 443917 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 886169 | CurrentTaxYearMinus1Year |
| Current Tax Year | 144292 | CurrentTaxYear |
| Total | 2308242 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 15381780 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 16136259 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 17301759 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 17497157 | CurrentTaxYearMinus1Year |
| Current Tax Year | 16437155 | CurrentTaxYear |
| Total | 82754110 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.97200 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.96940 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.02790 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.03050 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1775399 | OtherCostOrOtherBasis |
| Book Value | 1775399 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 41669446 | OtherCostOrOtherBasis |
| Depreciation | 17252993 | Depreciation |
| Book Value | 24416453 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2659924 | OtherCostOrOtherBasis |
| Depreciation | 1749644 | Depreciation |
| Book Value | 910280 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1858058 | OtherCostOrOtherBasis |
| Depreciation | 1210504 | Depreciation |
| Book Value | 647554 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 27749686 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Deferred Financing Costs | 664039 |
| Investments Whose Use Is Limited | 6896565 |
| Utility Deposits | 81115 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 7641719 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Entrance Fee Deposits | $246,248 |
| Refundable Entrance Fees | $610,740 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 856988 | TotalOfAmounts |
| Total Revenue | 16449513 | TotalRevenue |
| Total Expenses | 15837903 | TotalExpenses |
| Excess Or Deficit For Year | 611610 | ExcessOrDeficitForYear |
| Total Adjustments | 0 | TotalAdjustments |
| Excess Or Deficit Per FS | 611610 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 16453213 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 3700 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 3700 | RevenueNotRptdF990 |
| Revenue Subtotal | 16449513 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 16449513 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 15837903 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 15837903 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 15837903 | TotalExpensesPerForm990 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
| No Grant More Than5000 | X | NoGrantMoreThan5000 |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Employee Emergency Assistance | TypeOfGrant |
| Number Of Recipients | 40 | NumberOfRecipients |
| Amount Of Cash Grant | 25031 | AmountOfCashGrant |
| Method Of Valuation | Amounts paid directly to creditors and other vendors on behalf of employees. | MethodOfValuation |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Form 990, Schedule I, Part 1, Line 2: | Identifier |
| Return Reference | Grant Monitoring: | ReturnReference |
| Explanation | The board is responsible for approving, monitoring and evaluating the payment of all grants and other assistance. The use of the grant funds are monitored by the organization making payments directly to creditors and vendors on behalf of the grant recipients. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Brian Robare | NamePerson |
| Base Compensation Filing Org | 123573 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 40255 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 163828 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | City of Lakeland Rev and Ref Bonds 2008 | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 596000354 | IssuerEIN |
| CUSIP Number | 511727AH2 | CUSIPNumber |
| Date Issued | 2008-05-01 | DateIssued |
| Issue Price | 26555000 | IssuePrice |
| Description Of Purpose | See continuation statement below | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 1700000 | AmountRetired |
| Total Proceeds | 26544437 | TotalProceeds |
| Amount In Reserve Fund | 2189838 | AmountInReserveFund |
| Capitalized Interest | 1545694 | CapitalizedInterest |
| Refunding Escrow | 13660414 | RefundingEscrow |
| Issuance Costs From Proceeds | 762333 | IssuanceCostsFromProceeds |
| Capital Expenditures | 6686158 | CapitalExpenditures |
| Year Of Subst Completion | 2009 | YearOfSubstCompletion |
| Current Refunding | 0 | CurrentRefunding |
| Advance Refunding | 1 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 1 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Bond Counsel Routinely Engaged | 0 | BondCounselRoutinelyEngaged |
| Prcntge Prvt Business Use By Others | 0.00050 | PrcntgePrvtBusinessUseByOthers |
| Total Private Business Use | 0.00050 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 0 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Form990 Schedule K Part V Form990ScheduleKPartV (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Schedule K, Part I(f) | Purpose of Series 2008 Bonds: | The proceeds from the Series 2008 Bonds were used to finance certain expansions to the facilities on Carpenter's Home Estate's campus, advance refund the Series 1998 Bonds, and pay certain expenses related to the financing of the Series 2008 Bonds. |
| Schedule K | Additional Information Related to Bond Issuance: | In April 2008, the Estates issued the City of Lakeland, Florida, Retirement Community First Mortgage Revenue and Refunding Bonds, Series 2008 (the "Series 2008 Bonds"), with yearly principal payments due in varying increasing installments in the amount of $550,000 beginning January 1, 2012, to $2,735,000 in January 1, 2043. The Series 2008 Bonds were issued to refinance the existing Series 1998 Bonds, construct and equip an additional 32 independent living units, and pay the cost of issuing the Series 2008 Bonds. The 32 independent living units were completed during the year ended December 31, 2009. |
| Schedule K, Part I(C) | Information pertaining to CUSIP of 2008 Series Bond Issue: | The Series 2008 Bond Issue Consists of the Following: CUSIP No. 511727AH2, $8,555,000 5.875% Term Bonds Due January 1, 2019 CUSIP No. 511727AJ8, $3,630,000 6.25% Term Bonds Due January 1, 2028 CUSIP No. 511727AK5, $14,370,000 6.375% Term Bonds Due January 1, 2043 |
| Schedule K, Part II, Line 3 | Additional Information Related to Bond Issuance: | The total proceeds for series 2008 bond issue are not identical to the issue price listed in Part I, Column (e), the difference is a underwriters discount of $10,563. |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HMS of Lakeland Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Management Company | Relationship |
| Amount Of Transaction | 663725 | AmountOfTransaction |
| Description Of Transaction | Mgt. fee HMS provides operational management services to the organization. It is owned 75% by the organization's Executive Director, Health Care Administrator and Director of Operations. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section A, line 2 | John Thompson is the Executive Director and Matthew Thompson is the Health Center Administrator. They have a direct family relationship as father and son. In addition, they are both part owners of the Management Company, HMS of Lakeland. John Thompson, Matthew Thompson and Brian Robare are business partners through their ownership in the Management Company, HMS of Lakeland. | |
| Form 990, Part VI, Section A, line 3 | The organization delegates control over management duties that are customarily performed by or under the direct supervision of officers, directors, trustees or key employees to HMS of Lakeland, Inc. The organization's Executive Director, Director of Operations and Administrator are three of the four owners of HMS. The Board of Directors believes that the management fee is reasonable based on the duties that are performed by the management company. The Board of Directors also believes that the management fee does not result in private inurement or an excess benefit transaction. | |
| Form 990, Part VI, Section B, line 11 | The return is sent to the entire Board via email, comments are taken into consideration and the return is modified as necessary. A copy of the final return is provided to all of the voting members of organization's Board before it is filed with the IRS. | |
| The conflict of interest policy is reviewed with the Board of Directors and key employees on an annual basis. At this time, individuals are requested to declare areas of potential conflict. If any potential conflicts are identified, the Board approved policy is followed. | Form 990, Part VI, Section B, line 12c | |
| The compensation of the Executive Director is reviewed and approved by the Executive & Finance Committees of the Board of Directors, which are made up of independent persons. The compensation is set based upon comparable data available from other similar organizations and online resources, such as Guidestar. The organization has contemporaneous documentation of the deliberation and decision to pay the compensation. | Form 990, Part VI, Section B, line 15a | |
| The unaudited monthly financial statements are provided to our Board of Directors, the President of the resident association (CHERA), and two resident representatives to our Board of Directors. The unaudited quarterly and annual financial statements are provided to all existing residents of the community, posted quarterly on Municipal Securities Rulemaking Board (MSRB) website, and posted on the Florida Office of Insurance Regulation website. The audited annual financial statements are filed with the MSRB and the Florida Department of Insurance. A copy of the audited annual financial statements is provided to each Board member, the two resident representatives to the Board and the President of the CHERA. In addition, a summary of the annual financial statements is posted on our bulletin board and a copy is available in the business for inspection by the general public upon request. The governing documents and conflict of interest policy are available to the general public at our business location upon request. | Form 990, Part VI, Section C, line 19 | |
| Oversight of Audit | The Audit Committee of the Board of Directors has responsibility for oversight of audit and selection of an independent accountant. The process has not changed from the prior year. | Form 990, Part XII, Line 2c |