2020-11-13T13:00:04-06:00 2019-12-31 593070669 MSL PA 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2019-01-01 591782481 CANTERBURY TOWER INC CANT 8138371083 3501 BAYSHORE BOULEVARD TAMPA FL 33629 CARIDAD VINAS EXECUTIVE DIRECTOR 8138371083 2020-11-13 1 NORMAN B NEAL CPA P00071411 4077405400 73.179.45.151 2020-11-13 12:59:52 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D82DAE13932C41878502CF208E25BB5BC26ECAE2 2019 2021-01-29 14:40:06Z CARIDAD VINAS 3501 BAYSHORE BOULEVARD TAMPA FL 33629 10429280 0 X WWW.CANTERBURYTOWER.ORG X 1976 FL THE ORGANIZATION'S MISSION IS TO PROVIDE HOUSING, HEALTH CARE, AND OTHER PERSONAL SERVICES TO ELDERLY RESIDENTS THROUGH THE OPERATION OF A LICENSED CONTINUING CARE RETIREMENT COMMUNITY IN TAMPA, FLORIDA. 6 0 205 40 0 0 0 18831 10540228 9986844 315020 381218 39492 42387 10894740 10429280 0 0 0 0 5014788 4835190 0 0 0 5165905 5174936 10180693 10010126 714047 419154 25401561 26627610 16275431 15674307 9126130 10953303 X SEE SCHEDULE O.THE ORGANIZATION'S MISSION IS TO PROVIDE HOUSING, HEALTH CARE, AND OTHER PERSONAL SERVICES TO RESIDENTS THROUGH THE OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY. RESIDENTS ENTER INTO AN OCCUPANCY AGREEMENT WHICH REQUIRES PAYMENT OF A ONE-TIME ENDOWMENT FEE AND MONTHLY MAINTENANCE FEES FOR THE USE OF THE TOWER'S FACILITIES FOR LIFE. THE OCCUPANCY AGREEMENT ALLOWS RESIDENTS THE USE OF THE SKILLED NURSING FACILITY AT AMOUNTS NOT TO EXCEED THEIR MONTHLY MAINTENANCE FEE. THE TAXPAYER IS REGULATED BY THE FLORIDA OFFICE OF INSURANCE REGULATION, WHICH REGULATES ALL CONTINUING CARE RETIREMENT COMMUNITIES. 0 0 8307583 10029231 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, 2019, THE COMMUNITY IS COMPRISED OF 124 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. 8307583 1 0 0 0 0 0 0 0 0 0 1 1 0 1 1 0 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 34 0 1 205 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CACHI GIL 8138371083 3501 BAYSHORE BOULEVARD TAMPA FL 336298901 CARIDAD VINAS NHA PRESIDENT/EXECUTIVE DIRECTOR 60.00 X X 369737 0 263072 DOUGLAS B CONNOR VICE PRESIDENT/TREASURER 1.00 X X 5500 0 0 E JACKSON BOGGS EXECUTIVE CHAIRMAN 1.00 X X 5500 0 0 DR JOEL SILVERFIELD TRUSTEE 1.00 X 5000 0 0 FOREST BOUSHALL TRUSTEE 1.00 X 5500 0 0 ALTON C WARD TRUSTEE 1.00 X 5500 0 0 SUSAN P CONLEY NURSING HOME ADMINISTRATOR 40.00 X 107386 0 80981 SCOTT W BISHOP MARKETING DIRECTOR 40.00 X 102400 0 10602 606523 0 354655 3 0 1 0 TRIMAR CONSTRUCTION 1720 W CASS STREET TAMPA FL 33606 CONSTRUCTION 1654309 TAYLOR MADE REHAB SERVICES LLC 1319 FLAXWOOD AVENUE BRANDON FL 33511 THERAPY SERVICES 394972 COMPUTEROPATHY SPECIALIST 3665 EAST BAY DRIVE CLEARWATER FL 33758 IT SERVICES 308534 SECURITAS SECURITY SERVICES PO BOX 403412 ATLANTA GA 30384 SECURITY SERVICES 254811 ARCE REMODELING CORP 11617 IRIS SPRINGS COURT RIVERVIEW FL 33579 CONSTRUCTION 147194 7 18831 18831 MEDICAL CENTER, NET 623000 3843969 3843969 MAINTENANCE FEES 623000 3675456 3675456 EARNED ENDOWMENT FEES 623000 2421591 2421591 MEALS 623000 45828 45828 9986844 381218 381218 CAFE INCOME 623000 16628 16628 MISCELLANEOUS INCOME 623000 16159 16159 BEAUTY SHOP 623000 9600 9600 42387 10429280 10029231 0 381218 X 3859097 3194577 664520 30786 15670 15116 660408 589146 71262 284899 230476 54423 64280 64280 27510 27510 51992 51992 1236260 881612 354648 99878 99878 275187 172344 102843 865712 861897 3815 46267 45832 435 24602 21736 2866 1287919 1222715 65204 247205 141317 105888 DIETARY/FOOD 579545 579545 SUPPLIES 258371 249575 8796 RESIDENT ACTIVITIES 69079 69079 EMPLOYEE RECOGNITION 19483 10416 9067 21646 21646 10010126 8307583 1702543 0 6126571 5086553 664553 278721 490292 242802 32483 24909 89526 92287 30267794 23551086 5559051 6716708 12439085 11393164 0 2792466 25401561 26627610 573223 377843 15121929 14726454 580279 570010 16275431 15674307 X 9126130 10953303 9126130 10953303 25401561 26627610 X 419154 1217019 191000 X X 0 1 X 1 0 X 0 5852 0 0 18831 24683 8028311 8357193 8264859 10540228 9986844 45177435 8028311 8363045 8264859 10540228 10005675 45202118 0 51927 58966 92224 744430 947547 51927 58966 92224 744430 947547 44254571 150093 47447 206037 378942 381218 1163737 150093 47447 206037 378942 381218 1163737 35942 31965 154802 39492 42387 304588 8214346 8442457 8625698 10958662 10429280 46670443 0.94820 0.96920 0.02490 0.01850 X 739701 739701 21918625 18627623 3291002 4344903 4196699 148204 3264565 726764 2537801 6716708 MUTUAL FUNDS 1809532 F CASH AND CASH EQUIVALENTS 968115 F CORPORATE BONDS 1717660 F EQUITIES 4413085 F MUNICIPAL BONDS 1482863 F ALTERNATIVE INVESTMENTS 1001909 F 11393164 CONTRACT ACQUISITION COSTS 180000 ASSETS WHOSE USE IS LIMITED 2612466 2792466 ADVANCE DEPOSITS 305289 EXECUTIVE DEFERRED RETIREMENT PAYABLE 264721 570010 11594307 1217019 1217019 10377288 51992 51992 10429280 9958134 0 9958134 51992 51992 10010126 X X X 0 0 0 0 0 0 0 0 0 CARIDAD VINAS NHA PRESIDENT/EXECUTIVE DIRECTOR 369737 0 0 0 0 0 218183 0 44889 0 632809 0 0 0 SUSAN P CONLEY NURSING HOME ADMINISTRATOR 107386 0 0 0 0 0 62480 0 18501 0 188367 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 DAVID SHOBE. 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 IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 66,475. MANAGEMENT AND GENERAL EXPENSES 345,833. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 412,308. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 328,990. MANAGEMENT AND GENERAL EXPENSES 8,815. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 337,805. THERAPY AND MEDICAL SERVICES: PROGRAM SERVICE EXPENSES 486,147. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 486,147. FORM 990, PART XI, LINE 9: CHANGE IN ACCOUNTING PRINCIPLE 191,000. 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.