2024-08-16T07:59:01-05:00 2023-12-31 593070669 MSL PA 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2023-01-01 591031820 PLYMOUTH HARBOR INC PLYM 9413652600 700 JOHN RINGLING BLVD SARASOTA FL 34236 JEFF WEATHERHEAD CEO 9413652600 2024-08-16 1 0 HARRY E HARP CPA P00176471 4077405400 2023 2024-08-08 14:25:15Z JEFF WEATHERHEAD 700 JOHN RINGLING BLVD SARASOTA FL 34236 44100919 0 X WWW.PLYMOUTHHARBOR.ORG X 1961 FL OPERATION OF A RETIREMENT COMMUNITY COMMITTED TO PROVIDING A POSITIVE AGING EXPERIENCE. 11 11 477 23 0 0 1950608 2861970 36241145 39454049 908763 187552 159305 504169 39259821 43007740 368250 367072 0 0 17766867 19102494 0 0 157807 18524530 20549697 36659647 40019263 2600174 2988477 139205295 150513117 98227298 103035672 40977997 47477445 PLYMOUTH HARBOR IS A CHURCH-SPONSORED NOT-FOR-PROFIT COMMUNITY OF DISTINCTION FOR OLDER ADULTS COMMITTED TO PROVIDING THE MOST POSITIVE AGING EXPERIENCE POSSIBLE FOR ITS RESIDENTS. 0 0 35682140 39958218 PLYMOUTH HARBOR, INC. CARES FOR SENIOR ADULTS THROUGH THE OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY CONSISTING OF 215 INDEPENDENT APARTMENT UNITS, 60 ASSISTED LIVING UNITS, A LICENSED HOME HEALTH AGENCY, AND A 56-BED SKILLED NURSING CENTER. ACROSS ALL PROGRAMS, THERE WERE 94,886 RESIDENT DAYS IN THE CURRENT YEAR. 284874 284874 THE ORGANIZATION PROVIDES SUPPORT FOR OPERATING AND MAINTAINING A LIFE CARE FACILITIY AIDING NEEDY RESIDENTS. THE PROGRAM ADDRESSES THE NEEDS OF THOSE RESIDENTS WHO REQUIRE FINANCIAL ASSISTANCE TO MAINTAIN THEIR RESIDENCY AT PLYMOUTH HARBOR. IN THE CURRENT YEAR, $284,874 OF FINANCIAL ASSISTANCE WAS PROVIDED AS A COMPONENT OF FULFILLING THE ORGANIZATION'S CHARITABLE MISSION. 232806 82198 THE PLYMOUTH HARBOR FOUNDATION ENSURES THE APPROPRIATE STEWARDSHIP OF CONTRIBUTED FUNDS, DEVELOPS FUNDRAISING STRATEGIES THAT SUPPORT THE MOST POSITIVE AGING EXPERIENCE POSSIBLE, AND PROVIDES FUNDING FOR INNOVATIVE PROGRAMS AND SERVICES IN THE REGION. 36199820 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 96 0 1 477 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X NATALLIA DZIATSEL CPA 9413652600 700 RINGLING BLVD SARASOTA FL 34236 JEFF CHARLOTTE CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 REBECCA SACHS VICE CHAIR 1.00 X X 0 0 0 ERIC BLEDSOE TREASURER 1.00 X X 0 0 0 LEE DELIETO JR SECRETARY 1.00 X X 0 0 0 WARREN BACON TRUSTEE 1.00 X 0 0 0 LEE DELIETO SR TRUSTEE 1.00 X 0 0 0 BOB DAWSON TRUSTEE 1.00 X 0 0 0 KATHY HENDRICKS TRUSTEE 1.00 X 0 0 0 DR SARAH PAPPAS TRUSTEE 1.00 X 0 0 0 CHRIS SFORZO TRUSTEE 1.00 X 0 0 0 MARK SULTANA TRUSTEE 1.00 X 0 0 0 JEFF WEATHERHEAD PRESIDENT/CEO 40.00 X 350347 0 31592 NATALLIA DZIATSEL VICE PRESIDENT/CFO 40.00 X 280973 0 18681 GEORGE MCGONAGILL COO 40.00 X 249763 0 17109 ASHLEY CUMMINGS VP OF HEALTH SERVICES 40.00 X 178159 0 32366 ELIZABETH SPARR VP OF MARKETING & COMMUNITY AFFAIRS 40.00 X 175497 0 15300 BETH WATSON VP OF PHILANTHROPY 40.00 X 170797 0 11365 STEVEN PARSONS DIRECTOR OF IT 40.00 X 130147 0 29683 IWONA B WALICZEK DIRECTOR OF CARE MANAGEMENT 40.00 X 127952 0 24998 KAREN E NOVAK DIRECT OF NURSING 40.00 X 122258 0 13376 EVELYN A MOULTON REGISTERED NURSE SHIFT SUPERVISOR 40.00 X 117962 0 13476 BRIAN BLY CONSTRUCTION SUPERINTENDENT 40.00 X 114830 0 28998 2018685 0 236944 18 0 1 0 MICHAEL J LOONEY INC 150 N INDIANA AVE ENGLEWOOD FL 34223 CONSTRUCTION SERVICES 571140 WORKERS TO GO 1800 NORTHGATE BLVD SARASOTA FL 34234 CLEANING SERVICES 558920 SELECT REHABILITATION LLC PO BOX 71985 CHICAGO FL 60694 THERAPY SERVICES 544407 VALCOURT EXTERIOR BUILDING SERVICES OF F 4695 18TH ST E BRADENTON FL 34203 EXTERIOR BUILDING RENOVATION 485081 RLPS ARCHITECTS LLP 250 VALLEYBROOK DR LANCASTER FL 17601 ARCHITECT FEES 416321 30 1982668 879302 2861970 NET RESIDENT SERVICE REVENUE 623000 31339164 31339164 ENTRANCE FEES 623000 8114885 8114885 39454049 1246454 1246454 34277 856904 236275 -822627 -236275 -1058902 -1058902 INSURANCE PROCEEDS 623000 204968 204968 OTHER INCOME 623000 158182 158182 CAPITAL REIMBURSEMENTS 623000 141019 141019 504169 43007740 39958218 0 187552 367072 367072 1531951 668367 736070 127514 14115484 13077992 1037492 244860 197243 45719 1898 2012108 1847274 158011 6823 1198091 1058534 139306 251 123062 123062 57430 57430 55234 55234 3248245 2637037 611208 123880 1413 118371 4096 514924 282267 228291 4366 3636511 3610533 25978 89975 56998 29198 3779 897323 897323 7192156 7073020 119136 357482 349777 7705 FOOD 1573647 1573647 MEDICAL SUPPLIES 1527004 1527004 SUPPLIES 625951 546502 76450 2999 EMPLOYEE EDUCATION AND 214782 104374 107296 3112 312091 268209 40913 2969 40019263 36199820 3661636 157807 2390989 3726937 86485 90603 642929 340526 1281108 1707113 207429 218517 1239748 1382903 156947292 61949240 93834862 94998052 37916950 46872094 273372 226750 1331423 949622 139205295 150513117 4288474 4929189 49129594 50284601 20786705 19680038 6524813 5734070 17497712 22407774 98227298 103035672 X 36011850 43079294 4966147 4398151 40977997 47477445 139205295 150513117 X 2988477 3834476 -323505 X X 0 1 X 1 0 X 455207 1198057 4290449 1950608 2861969 10756290 32204908 32881019 34875423 36525142 39454049 175940541 32660115 34079076 39165872 38475750 42316018 186696831 0 0 0 186696831 879477 749267 1043021 964702 1246454 4882921 879477 749267 1043021 964702 1246454 4882921 234885 110633 104160 159305 504169 1113152 33774477 34938976 40313053 39599757 44066641 192692904 0.96890 0.96900 0.02530 0.02520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 12348030 30000 1970820 284874 14063976 15085148 30000 -2448374 318744 12348030 13684570 1665982 265403 15085148 12436041 45488 1481250 278209 13684570 11962931 2293159 1820049 12436041 0.98215 0.01785 0 1 1 273228 273228 140026880 55417510 84609370 8529614 4933166 3596448 8117570 1598564 6519006 94998052 CASH AND CASH EQUIVALENTS 13834148 F CORPORATE BONDS 4375748 F FOREIGN CORPORATE BONDS 1274520 F U.S. GOVERNMENT OBLIGATIONS 1936550 F MUTUAL FUNDS 24361404 F CERTIFICATE OF DEPOSITS 1089724 F 46872094 REFUNDABLE ENTRANCE FEES 22160774 ENTRANCE FEE DEPOSITS 247000 22407774 X 46463477 3834475 -323504 3510971 42952506 55234 55234 43007740 39964029 0 39964029 55234 55234 40019263 PART V, LINE 4: THE ORGANIZATION HAS A QUASI-ENDOWMENT WHICH CONSISTS OF DONOR RESTRICTED AND BOARD DESIGNATED FUNDS THAT HAVE BEEN LIMITED FOR THE PURPOSE OF PROVIDING SUPPORT TO NEEDY RESIDENTS. PART X, LINE 2: THE ORGANIZATION IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF FLORIDA AND HAS BEEN GRANTED RECOGNITION OF ITS TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO INCOME TAX LIABILITY OR PROVISION FOR INCOME TAXES IS REFLECTED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2023, WITH CERTAIN STATUTORY EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL OR STATE OF FLORIDA TAXING AUTHORITIES FOR ANY TAX YEARS BEFORE JANUARY 1, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 58,297. UNREALIZED GAIN/(LOSS) IN FV OF INTEREST RATE SWAP -381,801. 1 EMPLOYEE SCHOLARSHIPS AND TRAINING 60 82198 FINANCIAL ASSISTANCE FOR NEEDY RESIDENTS 6 284874 PART I, LINE 2: THE BOARD OF DIRECTORS OF FILING ORGANIZATION SET UP AN ENDOWMENT FUND TO MEET THE NEEDS OF THE RESIDENTS THROUGH A FELLOWSHIP PROGRAM. ADDITIONALLY, THE FOUNDATION AWARDS TEAM MEMBERS OR THEIR CHILDREN ANNUAL SCHOLARSHIPS BASED ON MERIT AND/OR NEED AS DETERMINED BY AN INDEPENDENT SCHOLARSHIP SELECTION COMMITTEE. THE ASSISTANCE LISTED IN PART III WAS DISBURSED TO APPROVED APPLICANTS IN ACCORDANCE WITH THE ELIGIBLITY REQUIREMENTS OF THE FILING ORGANIZATION AND ITS DONORS. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 JEFF WEATHERHEAD PRESIDENT/CEO 325000 0 25000 0 347 0 6563 0 25029 0 381939 0 0 0 NATALLIA DZIATSEL VICE PRESIDENT/CFO 224540 0 56245 0 188 0 8513 0 10168 0 299654 0 0 0 GEORGE MCGONAGILL COO 208704 0 37912 0 3147 0 8108 0 9001 0 266872 0 0 0 ASHLEY CUMMINGS VP OF HEALTH SERVICES 170360 0 7692 0 107 0 259 0 32107 0 210525 0 0 0 ELIZABETH SPARR VP OF MARKETING & COMMUNITY AFFAIRS 131735 0 43126 0 636 0 6299 0 9001 0 190797 0 0 0 BETH WATSON VP OF PHILANTHROPY 162054 0 7692 0 1051 0 2508 0 8857 0 182162 0 0 0 STEVEN PARSONS DIRECTOR OF IT 120500 0 9535 0 112 0 4654 0 25029 0 159830 0 0 0 IWONA B WALICZEK DIRECTOR OF CARE MANAGEMENT 115379 0 12353 0 220 0 2637 0 22361 0 152950 0 0 0 PART I, LINE 1A IN THE CURRENT YEAR, THE FILING ORGANIZATION PAID SOCIAL CLUB DUES UTILIZED BY THE CEO AND OTHER TEAM MEMBERS AT THE CEO'S DISCRETION FOR BUSINESS-RELATED FUNCTIONS. THE USAGE OF SUCH SOCIAL CLUB IS MONITORED ON A REGULAR BASIS FOR HOW THE MEMBERSHIP BENEFITS THE ORGANIZATION'S OPERATIONS. A SARASOTA COUNTY HEALTH FACILITIES AUTHORITY 596000848 2015-12-10 26000000 SEE SUPPLEMENTAL INFORMATION BELOW 0 0 0 A 6256595 26000000 203740 25796260 2015 0 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 1 1 THE NORTHERN TRUST COMPANY 12.000000000000 0 0 0 0 1 A 0 SCHEDULE K, ROW A, PART I(F) THE PROCEEDS OF THE SERIES 2015 NOTES WERE USED TO (A) FINANCE THE CONSTRUCTION COSTS FOR THE EXPANSION OF AN EXISTING CONTINUING CARE RETIREMENT COMMUNITY, (B) REFUND ALL OF THE THEN OUTSTANDING MORTGAGE NOTE PAYABLE, AND (C) PAY THE COST OF ISSUANCE OF THE SERIES 2015 NOTES. FORM 990, PART VI, SECTION A, LINE 2 LEE DELIETO, SR. AND LEE DELIETO, JR. - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED IN ITS ENTIRETY BY THE CHIEF FINANCIAL OFFICER. ANY QUESTIONS ARE RESOLVED WITH THE INDEPENDENT ACCOUNTING FIRM THAT PREPARES THE RETURN. IN ADDITION, A COPY IS PROVIDED TO EACH INDEPENDENT VOTING MEMBER OF THE BOARD FOR REVIEW BEFORE IT IS FILED 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 PRESIDENT 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. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE, WHICH IS INDEPENDENT WITH RESPECT TO ALL COMPENSATION DECISIONS AND CONSISTS OF SEVERAL INDEPENDENT BOARD MEMBERS, AND AN INDEPENDENT CONSULTANT EVALUATES THE PERFORMANCE OF THE CHIEF EXECUTIVE OFFICER. THE CEO PERFORMS ANNUAL EVALUATIONS OF OTHER TOP MANAGEMENT OFFICIALS. THE ORGANIZATION UTILIZES COMPARABILITY SURVEYS, CONDUCTED BY THE HUMAN RESOURCES DIRECTOR, TO DETERMINE THE COMPENSATION OF THE CEO AND OTHER TOP MANAGEMENT OFFICIALS. THE PRESIDENT OF THE BOARD OF DIRECTORS REVIEWS THE EVALUATIONS AND PROVIDES WRITTEN APPROVAL OF COMPENSATION DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AT THE FACILITY. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -381,802. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 58,297. FORM 990, PART XII, LINE 2C OVERSIGHT OF FINANCIAL STATEMENT AUDIT: THE ORGANIZATION'S FINANCE COMMITTEE APPROVES THE AUDIT OF THE FINANCIAL STATEMENTS. FROM TIME TO TIME THE FINANCE COMMITTEE GOES THROUGH THE REQUEST FOR PROPOSAL PROCESS TO SELECT AN INDEPENDENT ACCOUNTANT/AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE PLYMOUTH HARBOR FOUNDATION LLC 700 JOHN RINGING BLVD SARASOTA FL 34236 000000000 TO SUPPORT THE PLYMOUTH HARBOR RETIREMENT COMMUNITY. FL 1702324 8103101 PLYMOUTH HARBOR INC