2023-10-24T14:26:55-05:00 2022-12-31 593070669 MSL PA 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2022-01-01 591782481 CANTERBURY TOWER INC CANT 8138371083 3501 BAYSHORE BOULEVARD TAMPA FL 33629 CARIDAD VINAS PRESIDENT/CEO 8138371083 2023-10-24 1 CARIDAD VINAS 999009999 0 HARRY E HARP CPA P00176471 4077405400 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CARIDAD VINAS 3501 BAYSHORE BOULEVARD TAMPA FL 33629 8839397 0 X WWW.CANTERBURYTOWER.ORG X 1976 FL OPERATION OF CONTINUING CARE RETIREMENT COMMUNITY TO PROVIDE HOUSING AND SERVICES TO THE ELDERLY. 6 5 156 0 0 0 41131 10130 8592789 8199842 1150714 629425 0 0 9784634 8839397 0 0 0 0 5547314 5564738 0 0 0 4694869 4758029 10242183 10322767 -457549 -1483370 26732225 23426665 14307134 14920425 12425091 8506240 THE ORGANIZATION'S MISSION IS TO PROVIDE HOUSING, HEALTH CARE, AND OTHER PERSONAL SERVICES TO ELDERLY RESIDENTS THROUGH THE OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY IN TAMPA, FLORIDA. 0 0 8677754 8199842 THE ORGANIZATION PROVIDES HOUSING, HEALTH CARE, AND OTHER PERSONAL SERVICES FOR THE ELDERLY THROUGH THE OPERATION OF A LICENSED CONTINUING CARE RETIREMENT COMMUNITY IN TAMPA, FLORIDA. AS OF DECEMBER 31, 2022, THE COMMUNITY IS COMPRISED OF 125 INDEPENDENT LIVING APARTMENTS AND 60 SKILLED NURSING BEDS. THE TOWER OPERATES UNDER THE CONTINUING CARE CONCEPT WHEREBY RESIDENTS ENTER INTO AN ENDOWMENT AGREEMENT WHICH REQUIRES PAYMENT OF A ONE-TIME ENDOWMENT FEE AND MONTHLY MAINTENANCE FEES. GENERALLY, PAYMENT OF THESE FEES ENTITLES RESIDENTS TO THE USE AND PRIVILEGES OF THE TOWER FOR LIFE. 8677754 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 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 0 0 0 0 1 6 0 1 156 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X CACHI GIL 8138371083 3501 BAYSHORE BOULEVARD TAMPA FL 336298901 CARIDAD VINAS NHA PRESIDENT/CEO 60.00 X X 771154 0 45020 E JACKSON BOGGS EXECUTIVE CHAIRMAN 1.00 X X 2500 0 0 DOUGLAS B CONNOR VICE PRESIDENT/TREASURER 1.00 X X 2500 0 0 DR JOEL SILVERFIELD TRUSTEE 1.00 X 2500 0 0 FOREST BOUSHALL TRUSTEE 1.00 X 2500 0 0 ALTON C WARD TRUSTEE 1.00 X 2500 0 0 CARIDAD GIL CONTROLLER 40.00 X 100812 0 3900 SUSAN P CONLEY NURSING HOME ADMINISTRATOR 40.00 X 150778 0 29478 1035244 0 78398 3 0 1 0 TRIMAR CONSTRUCTION INC 1720 W CASS STREET TAMPA FL 33606 CONSTRUCTION SERVICES 1112237 CDB SERVICES USA LLC 2549 EASTBLUFF DR SUITE 490 NEWPORT BEACH CA 92660 NURSING AGENCY STAFF 416197 US FOODS PO BOX 281841 ATLANTA GA 30384 FOOD SERVICES 296252 COMPUTEROPATHY SPECIALISTS LLC 3665 EAST BAY DRIVE LARGO FL 33771 IT SERVICES 286765 RIGHT WAY ELEVATOR MAINTENANCE 9790 16TH STREET N SAINT PETERSBURG FL 33716 ELEVATOR MAINTENANCE 266492 12 10130 10130 MAINTENANCE FEES 623000 3459657 3459657 NET HEALTH CARE SERVICES 623000 2362839 2362839 EARNED ENTRANCE FEES 623000 2242362 2242362 OTHER RESIDENT REVENUE 623000 134984 134984 8199842 629425 629425 8839397 8199842 0 629425 933386 408087 525299 3555233 3297231 258002 40839 24800 16039 754762 657287 97475 280518 237004 43514 67283 67283 26516 26516 83973 83973 796517 626841 169676 88995 88995 218673 157930 60743 984235 980867 3368 47391 45236 2155 21876 17786 4090 1218353 1151548 66805 285129 160173 124956 FOOD EXPENSES 624773 624773 SUPPLIES 222581 219666 2915 RESIDENT ACTIVITIES 37629 37629 EMPLOYEE RECOGNITION 22495 19286 3209 11610 11610 10322767 8677754 1645013 0 12208 12855 1921087 536685 161467 112048 42787 33465 88176 24100 34519281 26892761 6682999 7626520 17672501 14922367 151000 158625 26732225 23426665 394993 534284 13229612 13868750 682529 517391 14307134 14920425 X 12425091 8506240 12425091 8506240 26732225 23426665 -1483370 -2435481 0 X X 0 1 X 1 0 X 18831 387174 41131 10130 457266 10540228 9986844 9206169 8560430 8199842 46493513 10540228 10005675 9593343 8601561 8209972 46950779 0 92224 54743 295289 143372 151768 737396 92224 54743 295289 143372 151768 737396 46213383 378942 381218 351402 149003 629425 1889990 378942 381218 351402 149003 629425 1889990 39492 42387 81879 10958662 10429280 9944745 8750564 8839397 48922648 0.94460 0.95180 0.03860 0.03010 X 739701 739701 26473470 21343145 5130325 4693067 4672538 20529 2613043 877078 1735965 7626520 MUTUAL FUNDS 2887763 F CASH AND CASH EQUIVALENTS 2971530 F CORPORATE BONDS 2216050 F EQUITIES 3723021 F MUNICIPAL BONDS 1856412 F ALTERNATIVE INVESTMENTS 1267591 F 14922367 ADVANCE DEPOSITS 253462 EXECUTIVE DEFERRED RETIREMENT PAYABLE 263929 517391 X 6319943 -2435481 -2435481 8755424 83973 83973 8839397 10238794 0 10238794 83973 83973 10322767 PART X, LINE 2: CANTERBURY TOWER, INC. 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 FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2022, 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 YEARS BEFORE THE TAX YEAR ENDED DECEMBER 31, 2018. X X X 0 0 0 0 0 0 0 0 0 CARIDAD VINAS NHA PRESIDENT/CEO 368352 0 0 0 402802 0 7982 0 37038 0 816174 0 0 0 SUSAN P CONLEY NURSING HOME ADMINISTRATOR 150778 0 0 0 0 0 8929 0 20549 0 180256 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS AND APPROVES THE FORM 990 BEFORE IT IS FILED WITH THE IRS. THE PROCESS IS DOCUMENTED IN BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS AND COMMITTEE MEMBERS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS AND SIGN AFFIDAVIT. ACTUAL CONFLICTS OF INTEREST ARE INVESTIGATED BY AN INDEPENDENT PERSON, THE BOARD'S ATTORNEY, BUCHANNAN INGERSOLL AND ROONEY. THE BOARD'S ATTORNEY INVESTIGATES ALTERNATIVES TO THE TRANSACTION OR ISSUE IN WHICH THE CONFLICT OF INTEREST AROSE. IF AN ALTERNATIVE CANNOT BE REASONABLY ATTAINED, THE INDIVIDUAL WITH THE CONFLICT IS PRECLUDED FROM VOTING ON MATTERS TO WHICH THE CONFLICT PERTAINS. FORM 990, PART VI, SECTION B, LINE 15 PUBLISHED COMPARABLE DATA IS UTILIZED TO DETERMINE WHETHER COMPENSATION PAID TO TOP MANAGEMENT AND KEY EMPLOYEES IS REASONABLE. ALL EMPLOYEES RECEIVE AN ANNUAL PERFORMANCE EVALUATION AND COMPENSATION REVIEW, CONDUCTED BY AN INDIVIDUAL WHO IS INDEPENDENT WITH RESPECT TO THE COMPENSATION BEING CONSIDERED. PROPOSED COMPENSATION IS DOCUMENTED ALONG WITH THE APPROVED BUDGET. THE PROCESS FOR REVIEWING AND APPROVING COMPENSATION IS DOCUMENTED IN THE ORGANIZATION'S POLICIES AND PROCEDURES MANUAL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. A NOTICE IS POSTED ON A CENTRALLY LOCATED BULLETIN BOARD TO INFORM THE PUBLIC OF THE AVAILABILITY OF THE DOCUMENTS. FORM 990, PART XII, LINE 2C OVERSIGHT OF AUDIT: 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.