2023-08-14T14:40:31-05:00 2022-12-31 593070669 MSL PA 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2022-01-01 592708341 NAVAL CONTINUING CARE RETIREMENT FOUNDATION INC NAVA 9042469900 ONE FLEET LANDING BLVD ATLANTIC BEACH FL 322334599 JOSHUA ASHBY CHIEF EXECUTIVE OFFICER 9042469900 2023-08-14 1 JOSHUA ASHBY 999009999 0 HARRY E HARP CPA P00176471 4077405400 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z FLEET LANDING JOSHUA ASHBY ONE FLEET LANDING BLVD ATLANTIC BEACH FL 322334599 57237914 0 X WWW.FLEETLANDING.COM X 1985 FL TO ENRICH THE LIVES OF OLDER ADULTS THROUGH PROGRAMS AND SERVICES TO SUPPORT SUCCESSFUL AGING. 13 12 682 15 0 0 8649629 1085715 42527512 54869557 2791727 1228731 0 0 53968868 57184003 0 0 0 0 21498601 24134600 0 0 328373 30744794 36622165 52243395 60756765 1725473 -3572762 325372144 271021475 307414644 273971024 17957500 -2949549 THE MISSION OF NAVAL CONTINUING CARE RETIREMENT FOUNDATION, INC. IS TO ENRICH THE LIVES OF OLDER ADULTS THROUGH HIGH QUALITY PROGRAMS AND SERVICES TO SUPPORT SUCCESSFUL AGING. 0 0 54030660 54869557 THE ORGANIZATION PROVIDES RESIDENTIAL, HEALTH CARE, AND OTHER RELATED SERVICES FOR RESIDENTS, INCLUDING RETIRED CAREER U.S. MILITARY OFFICERS, THEIR SPOUSES, AND OTHERS OF RETIREMENT AGE. THE ORGANIZATION OWNS AND OPERATES A RETIREMENT COMMUNITY CONSISTING OF 482 RESIDENTIAL UNITS (292 APARTMENTS AND 190 HOMES), 138 ASSISTED LIVING AND MEMORY CARE UNITS, AND IS LICENSED FOR 100 SKILLED NURSING BEDS. TOTAL PATIENT DAYS FOR THE YEAR: 254,676 DAYS - INDEPENDENT LIVING; 38,931 DAYS - ASSISTED LIVING; AND 19,000 DAYS - SKILLED NURSING. 54030660 1 1 0 0 0 0 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 74 0 1 682 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 FL X CYNTHIA HACK CONTROLLER 9042469900 ONE FLEET LANDING BLVD ATLANTIC BEACH FL 322334599 JOSHUA ASHBY SECRETARY/CEO 50.00 3.00 X X 761868 0 70525 HELEN ATTER CHAIR 2.00 2.00 X X 0 0 0 JOSEPH MITRICK VICE CHAIR 2.00 2.00 X X 0 0 0 WILLIAM STRUCK TREASURER 1.00 2.00 X X 0 0 0 AREZOU JOLLY BOARD MEMBER 1.00 1.00 X 0 0 0 WAYNE GALLOWAY BOARD MEMBER 1.00 1.00 X 0 0 0 MATTHEW TUOHY BOARD MEMBER 1.00 1.00 X 0 0 0 ROBERT WALTERS BOARD MEMBER 1.00 1.00 X 0 0 0 HOWARD WANAMAKER BOARD MEMBER 1.00 1.00 X 0 0 0 LINDSAY DEAN NORMAN BOARD MEMBER 1.00 1.00 X 0 0 0 KATHLEEN LONG BOARD MEMBER 1.00 1.00 X 0 0 0 PAULA CHAMBERLAIN BOARD MEMBER 1.00 1.00 X 0 0 0 CAROL POTTENGER BOARD MEMBER 1.00 1.00 X 0 0 0 CYNTHIA HACK CONTROLLER 50.00 1.50 X 216831 0 19481 TRAVIS SCHRYER CHIEF OPERATING OFFICER 50.00 1.50 X 325111 0 11600 JULIA PRATT SR. DIRECTOR OF HEALTHCARE 50.00 X 224720 0 15901 MICHELE HOLLEY SR. DIRECTOR OF HUMAN RESO 50.00 X 195264 0 16215 BRIAN WEISS SR. DIRECTOR OF CAMPUS SERVICES 50.00 0.00 X 199168 0 0 APRIL MORIN DIRECTOR OF SALES & MKTG. 45.00 X 151190 0 12203 OLIVIA BUSH DIRECTOR OF CHARITABLE GIVING 40.00 X 121595 0 13500 SACASHA BROWN NURSING HOME ADMINISTRATOR 45.00 X 151843 0 12585 BARBARA SPIWAK SR. LIVING COUNSELOR 40.00 X 102306 0 13274 DEBORAH GORDON DIRECTOR OF THERAPY AND HOME HEALTH 45.00 0.00 X 110362 0 2425 2560258 0 187709 11 0 1 0 SAUER INC 9728-1 FLORIDA MINING BLVD WEST JACKSONVILLE FL 32257 CONSTRUCTION SERVICES 3250913 STUDIO 121 INC 2305 KLINE AVENUE SUITE 100 NASHVILLE TN 37211 INTERIOR DESIGN 1360208 ARBOR TEMPORARY SERVICES 8833 PERMIMETER PARK BLVD STE 1101 JACKSONVILLE FL 32216 MEDICAL STAFFING 1237346 GCD FLORIDA LLC 225 E JOHN CARPENTER FREEWAY STE IRVING TX 75062 CONSTRUCTION SERVICES 1002560 MEDICAL SOLUTIONS LLC 333 1ST STREET NORTH STE 200 JACKSONVILLE FL 32250 MEDICAL STAFFING 875488 57 1085715 1085715 MONTHLY SERVICE FEES 623000 18219199 18219199 OTHER RESIDENT REVENUE 623000 15526926 15526926 HEALTHCARE AND HOME HEALTH FEES 623000 12625804 12625804 ENTRANCE FEES 623000 8497628 8497628 54869557 1125779 1125779 156863 0 53911 156863 -53911 102952 102952 57184003 54869557 0 1228731 2056683 2056683 17959385 17115096 617313 226976 2151539 1980384 160639 10516 1458110 1300925 143482 13703 508883 295698 200444 12741 213984 213984 5097016 4133825 963101 90 665060 21445 639460 4155 342416 198421 138831 5164 574455 328801 230139 15515 3993980 3951065 42915 41893 3241 38652 78367 33719 44593 55 6423521 6330156 93365 9330544 9165689 164855 2213458 2181286 32172 FOOD SUPPLIES 3844154 3844154 0 0 SUPPLIES AND EQUIPMENT 2843189 2760041 79255 3893 EMPLOYEE EXPENSES 483404 63279 419753 372 RESIDENT EXPENSES 322672 243708 43771 35193 154052 79727 74325 60756765 54030660 6397732 328373 11519357 15143441 700000 1770543 1468068 187255 247701 1250152 1339539 294068146 100978071 197591809 193090075 109478165 52286783 3574863 6745868 325372144 271021475 8534092 7014454 113500257 115150095 164004586 120364885 5000000 15000000 16375709 16441590 307414644 273971024 X 17322630 -4122275 634870 1172726 17957500 -2949549 325372144 271021475 X -3572762 -5455375 -11878912 X X 0 1 X 1 0 X 258545 685687 1556445 8649629 1085715 12236021 33832719 34866261 37863889 42527512 54869557 203959938 34091264 35551948 39420334 51177141 55955272 216195959 0 0 0 216195959 1071350 1197115 789706 783392 1125779 4967342 1071350 1197115 789706 783392 1125779 4967342 978852 912811 1891663 36141466 37661874 40210040 51960533 57081051 223054964 0.96920 0.96370 0.02230 0.02250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 26.00 1 0 11169823 11169823 215261870 76501227 138760643 50988941 24476844 26512097 16647512 16647512 193090075 CASH AND CASH EQUIVALENTS 11338882 F U.S. GOVERNMENT OBLIGATIONS 19096581 F EQUITIES 4414651 F MUTUAL FUNDS 16010734 F CORPORATE BONDS 1425935 F 52286783 REFUNDABLE DEPOSITS IN ESCROW 2716437 REFUNDABLE ENTRANCE FEES 13339416 CHARITABLE GIFT LIABILITY 385737 16441590 X 51474846 -5455371 -39802 -5495173 56970019 213984 213984 57184003 60542781 0 60542781 213984 213984 60756765 PART II, LINE 9: THE COST OF THE EASEMENT IS INCLUDED IN LAND ON THE ORGANIZATION'S BALANCE SHEET. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). THE IRC PROVIDES FOR TAXATION OF CERTAIN UNRELATED BUSINESS INCOME. THE FOUNDATION DOES NOT HAVE UNRELATED BUSINESS INCOME. ACCORDINGLY, THESE COMBINED FINANCIAL STATEMENTS INCLUDE NO PROVISION OR LIABILITY FOR INCOME TAXES. AS OF DECEMBER 31, 2022, WITH CERTAIN STATUTORY EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL OR STATE OF FLORIDA TAXING AUTHORITIES FOR ANY YEARS PRIOR TO THE PAST THREE TAX YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF GIFT ANNUITIES -39,802. X X X X X X 0 0 0 0 0 0 0 0 0 JOSHUA ASHBY SECRETARY/CEO 474016 0 287852 0 0 0 20500 0 50025 0 832393 0 0 0 TRAVIS SCHRYER CHIEF OPERATING OFFICER 239507 0 85604 0 0 0 0 0 11600 0 336711 0 0 0 JULIA PRATT SR. DIRECTOR OF HEALTHCARE 172272 0 52448 0 0 0 0 0 15901 0 240621 0 0 0 CYNTHIA HACK CONTROLLER 150882 0 65949 0 0 0 0 0 19481 0 236312 0 0 0 MICHELE HOLLEY SR. DIRECTOR OF HUMAN RESO 140923 0 54341 0 0 0 0 0 16215 0 211479 0 0 0 BRIAN WEISS SR. DIRECTOR OF CAMPUS SERVICES 167861 0 31307 0 0 0 0 0 0 0 199168 0 0 0 SACASHA BROWN NURSING HOME ADMINISTRATOR 142633 0 9210 0 0 0 0 0 12585 0 164428 0 0 0 APRIL MORIN DIRECTOR OF SALES & MKTG. 101372 0 49818 0 0 0 0 0 12203 0 163393 0 0 0 A CITY OF ATLANTIC BEACH FL 596000267 048251BJ0 2013-04-01 40050000 SEE SUPPLEMENTAL INFORMATION BELOW 0 0 0 B CITY OF ATLANTIC BEACH FL 596000267 048251BR2 2013-10-01 17610000 SEE SUPPLEMENTAL INFORMATION BELOW 0 0 0 C CITY OF ATLANTIC BEACH FL 596000267 048251BS0 2018-12-12 72705000 SEE SUPPLEMENTAL INFORMATION BELOW 0 0 0 D CITY OF ATLANTIC BEACH FL 596000267 048251CE0 2018-12-13 42010000 SEE SUPPLEMENTAL INFORMATION BELOW 0 0 0 A 10620000 42714261 3157414 801000 38755847 2013 1 0 1 1 B 16991361 1191042 352200 15448119 2013 0 0 1 1 C 74903366 3975305 5590870 420000 64917192 2018 0 0 1 1 D 41594283 41594283 1742160 39852123 2018 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 D 1 SCHEDULE K, ROW A, PART I, COLUMN (F) PURPOSE OF SERIES 2013A BONDS: TO REFUND THE SERIES 1999 AND SERIES 2006 BONDS, PAY THE COST OF ACQUIRING LAND ADJACENT TO THE EXISTING CAMPUS, FUND A DEBT SERVICE RESERVE, AND PAY CERTAIN COSTS OF ISSUING THE SERIES 2013A BONDS. SCHEDULE K, PART II, COLUMN A, LINE 3 ADDITIONAL INFORMATION RELATED TO BOND ISSUANCE (SERIES 2013A): THE TOTAL PROCEEDS FOR SERIES 2013A BOND ISSUE ARE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I, COLUMN (E), THE DIFFERENCE IS A PREMIUM TO THEIR FACE VALUE OF $2,664,261. SCHEDULE K, ROW B, PART I, COLUMN (F) PURPOSE OF SERIES 2013B BONDS: TO FUND CERTAIN CAPITAL IMPROVEMENTS ON THE EXISTING CAMPUS, FUND A DEBT SERVICE RESERVE FUND, AND PAY CERTAIN COSTS OF ISSUING THE SERIES 2013B BONDS. SCHEDULE K, PART II, COLUMN B, LINE 3 ADDITIONAL INFORMATION RELATED TO BOND ISSUANCE (SERIES 2013B): THE TOTAL PROCEEDS FOR SERIES 2013B BOND ISSUE ARE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I, COLUMN (E), THE DIFFERENCE IS AN UNDERWRITERS DISCOUNT OF $618,639. SCHEDULE K, ROW C, PART I, COLUMN (F) PURPOSE OF SERIES 2018A BONDS: TO FUND THE BEACON POINTE EXPANSION PROJECT, REPAY EXISTING NOTES PAYABLE, FUND REQUIRED ESCROW ACCOUNTS, AND PAY CERTAIN COSTS OF ISSUING THE SERIES 2018 BONDS. CUSIP. NO.: 048251BS0 048251BU5 048251BV3 048251BW1 048251BX9 048251BY7 048251BT8 048251BZ4 048251CA8 048251CB6 048251CC4 SCHEDULE K, PART II, COLUMN C, LINE 3 ADDITIONAL INFORMATION RELATED TO BOND ISSUANCE (SERIES 2018A): THE TOTAL PROCEEDS FOR SERIES 2018A BOND ISSUE ARE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I, COLUMN (E), THE DIFFERENCE IS A PREMIUM TO THEIR FACE VALUE OF $2,961,768.75 AND UNDERWRITER'S DISCOUNT OF $763,402.50. SCHEDULE K, ROW D, PART I, COLUMN (F) PURPOSE OF SERIES 2018B BONDS: TO FUND THE BEACON POINTE EXPANSION PROJECT, REPAY EXISTING NOTES PAYABLE, FUND REQUIRED ESCROW ACCOUNTS, AND PAY CERTAIN COSTS OF ISSUING THE SERIES 2018 BONDS. (CUSIP NO. 048251CE0 AND 048251CD2) SCHEDULE K, PART II, COLUMN D, LINE 3 ADDITIONAL INFORMATION RELATED TO BOND ISSUANCE (SERIES 2018B): THE TOTAL PROCEEDS FOR SERIES 2018B BOND ISSUE ARE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I, COLUMN (E), THE DIFFERENCE IS A PREMIUM TO THEIR FACE VALUE OF $25,388.30 AND AN UNDERWRITER'S DISCOUNT OF $441,105. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE FOR APPROVAL PRIOR TO BEING FILED WITH THE INTERNAL REVENUE SERVICE. IT IS DISTRIBUTED TO OTHER BOARD MEMBERS UPON FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S EXECUTIVE COMMITTEE MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ANNUALLY. THE COMMITTEE REVIEWS ACTUAL CONFLICTS THAT ARE IDENTIFIED BY THE ANNUAL DISCLOSURE PROCESS AND PROHIBITS OFFICERS AND DIRECTORS FROM VOTING ON MATTERS WHERE ACTUAL CONFLICTS OF INTEREST EXIST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HAS A FORMAL EXECUTIVE COMPENSATION PHILOSOPHY. THE COMPENSATION COMMITTEE UTILIZES AN INDEPENDENT CONSULTANT TO MONITOR THE COMPENSATION PROGRAM TO ENSURE COMPENSATION IS BOTH REASONABLE AND COMPETITIVE WITH THE EXTERNAL MARKET FOR TALENT. THE CONSULTANT UTILIZES PUBLISHED SURVEY DATA FOR APPROPRIATELY SIZED ORGANIZATIONS OF COMPARABLE INDUSTRIES TO DEFINE OUR MARKET. THE COMMITTEE CONTEMPORANEOUSLY DOCUMENTS AND MAINTAINS RECORDS WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT WHICH IS FORMALIZED THROUGH A WRITTEN EMPLOYMENT AGREEMENT WITH THE CEO. 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. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF GIFT ANNUITIES -39,802. TRANSFER OF NET ASSETS -11,839,110. FORM 990, PART XII, LINE 2C THE FINANCE COMMITTEE IS RESPONSIBLE FOR THE SELECTION OF AN INDEPENDENT AUDIT FIRM AND OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. THERE WAS NO CHANGE IN THIS PROCESS FROM THE PRIOR YEAR. FLEET LANDING ENDOWMENT FUND INC ONE FLEET LANDING BLVD ATLANTIC BEACH FL 32233 593248806 PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS OF FLEET LANDING. FL 501(C)(3) LINE 7 NAVAL CONTINUING CARE RETIREMENT FOUNDATION INC 1 POLARIS ENDEAVORS INC ONE FLEET LANDING BLVD ATLANTIC BEACH FL 32233 882247298 DEVELOPMENT OF PROPERTY FL 501(C)(3) LINE 12B, II NAVAL CONTINUING CARE RETIREMENT FOUNDATION INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 POLARIS ENDEAVORS INC R 11839110 TRANSFER OF NET ASSETS