2019-11-06T10:38:28-06:00 2018-12-31 593204548 JAMES MOORE & CO PL 5931 NW 1ST PLACE GAINESVILLE FL 326072063 990 2018-01-01 237359894 PARK OF THE PALMS INC PARK 3524736100 204 MARANATHA RD KEYSTONE HEIGHTS FL 326569189 OFFICER PRESIDENT 3524736100 2019-11-06 E JAY HUTTO P00005491 3523781331 2019-11-06 70.169.187.70 2019-11-06 10:18:52 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C45594228A5F1E6B70BA333D088FD31310C8BDA7 2018 2020-03-31 21:24:44Z CATHERINE MILLIGAN 204 MARANATHA RD KEYSTONE HEIGHTS FL 326569189 2144672 0 X WWW.PARKOFTHEPALMS.ORG X 1974 FL PARK OF PALMS SERVES AS A SANCTUARY TO MEET THE PHYSICAL AND SPIRITUAL NEEDS OF AN AGING POPULATION AND IS A SOURCE OF SPIRITUAL LIGHT TO ITS RESIDENTS AND THE SURROUNDING COMMUNITY. THE VISION OF THE PARK OF PALMS, INC. IS TO SERVE AN AGING POPULATION WITH THE HIGHEST LEVEL OF COMPREHENSIVE AND INDIVIDUALIZED CARE POSSIBLE. THIS EFFORT IS MADE POSSIBLE IN BEAUTIFUL INDEPENDENT LIVING STRUCTURES AND AN ASSISTED LIVING FACILITY. 6 6 87 3 0 0 55394 26518 2010106 2039183 2001 8203 10691 70768 2078192 2144672 13200 600 0 0 983840 1048741 0 0 0 941888 974569 1938928 2023910 139264 120762 4330346 4294323 1743405 1559620 2586941 2734703 X PARK OF PALMS SERVES AS A SANCTUARY TO MEET THE PHYSICAL AND SPIRITUAL NEEDS OF AN AGING POPULATION AND IS A SOURCE OF SPIRITUAL LIGHT TO ITS RESIDENTS AND THE SURROUNDING COMMUNITY. THE VISION OF THE PARK OF PALMS, INC. IS TO SERVE AN AGING POPULATION WITH THE HIGHEST LEVEL OF COMPREHENSIVE AND INDIVIDUALIZED CARE POSSIBLE. THIS EFFORT IS MADE POSSIBLE IN BEAUTIFUL INDEPENDENT LIVING STRUCTURES AND AN ASSISTED LIVING FACILITY. 0 0 919340 800266 PROVIDED HOUSING FOR INDEPENDENT RESIDENTS WITH MAINTENANCE AND OVERHEAD SUPPORT FOR THEIR ACCOMMODATIONS IN A SAFE LIVING ENVIRONMENT. ALSO PROVIDED OPTIONAL FOOD SERVICE, POOL ACCESS AND VARIOUS ON CAMPUS ACTIVITIES. 836937 600 1250089 PROVIDED A SAFE AND FRIENDLY LIVING ENVIRONMENT FOR RESIDENTS REQUIRING ASSISTANCE WITH DAILY LIVING WITH LIMITED NURSING CARE, FOOD SERVICE AND DAILY ACTIVITIES. 1756277 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 87 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 X BONNE OLIVER 3524736100 677 HEBRON AVENUE KEYSTONE HEIGHTS FL 326568016 MARK PRESSON DIRECTOR 1.00 X 0 0 0 WILLIAM K COYLE VICE-CHAIRMAN/DIRECTOR 5.00 X X 0 0 0 GARY C WAINWRIGHT SECRETARY/DIRECTOR 1.00 X X 0 0 0 JAMES T FLYTHE DIRECTOR 1.00 X 0 0 0 WILLIAM JUD NEUFELD TREASURER/DIRECTOR 7.00 X X 0 0 0 ALAN L MOJONNIER CHAIRMAN/DIRECTOR 7.00 X X 0 0 0 CATHERINE M MILLIGAN PRESIDENT 40.00 X 58171 0 0 HELEN D CRIBBS VICE PRESIDENT 40.00 X 48823 0 0 106994 0 0 0 0 0 0 0 26518 26518 ASSISTED LIVING FACILI 623990 1250089 1250089 RENTAL FEES - PROGRAM 623990 617484 617484 MONTHLY MAINTENANCE FE 623990 108860 108860 EARNED ENTRANCE FEES 623990 62750 62750 2039183 7203 7203 1000 0 1000 1000 1000 INSURANCE PROCEEDS 900099 59596 59596 FOOD SERVICE 900099 8374 8374 MISCELLANEOUS - RELATE 900099 2798 2798 70768 2144672 2050355 0 67799 600 600 106994 91692 15302 839380 719337 120043 30040 25980 4060 72327 61965 10362 35068 200 34868 1073 1073 74217 45348 28869 4226 1109 3117 391874 384086 7788 1856 1856 450 450 29672 29672 216841 206814 10027 46501 44049 2452 FOOD SERVICE 152900 152900 PROGRAM SUPPLIES 18432 18432 BAD DEBT EXPENSE 1459 1459 2023910 1756277 267633 0 X 669793 200893 471998 729192 16605 10240 2215 8781 8225228 4880011 3169735 3345217 4330346 4294323 118747 110096 1066814 924335 487844 468032 70000 57157 1743405 1559620 X 2523927 2671283 63014 63420 2586941 2734703 4330346 4294323 X 120762 27000 X X 0 1 X 1 0 X 60224 91646 57203 55394 26518 290985 1762931 1817585 1967198 2010106 2039183 9597003 1823155 1909231 2024401 2065500 2065701 9887988 11850 10450 9250 9250 10600 51400 0 11850 10450 9250 9250 10600 51400 9836588 1723 1380 3060 3788 7203 17154 1723 1380 3060 3788 7203 17154 14160 10668 15396 10691 70768 121683 1839038 1921279 2042857 2079979 2143672 10026825 0.98100 0.98610 0.00170 0.00140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 131581 131581 7547806 4442240 3105566 404176 304231 99945 141665 133540 8125 3345217 X 2171672 27000 27000 2144672 0 2144672 2023910 0 2023910 0 2023910 PART X, LINE 2: THE PARK HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE PARK. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN OBLIGATION TO PROVIDE FUTURE SERVICES 27,000. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEE ACTIONS ARE DISCUSSED AND APPROVED AT BOARD MEETINGS AND INCORPORATED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO BEING FILED, THE COMPLETED FORM 990 WILL BE REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PART VI, LINE 14 THE ORGANIZATION DOES NOT HAVE A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY; HOWEVER, IT ADHERES TO THE RELATED IRS GUIDELINES. FORM 990, PART X, LINES 27-29 THE ORGANIZATION HAS ADOPTED THE PRINCIPLES OF FASB ASU NO. 2016-14 (ASC 958) FOR ITS AUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED DECEMBER 31, 2018. TO DATE, FORM 990 AND ITS ASSOCIATED SCHEDULES HAVE NOT BEEN UPDATED TO REFLECT CHANGES MADE BY THIS STANDARD. THUS, WE HAVE INCLUDED THE NET ASSET CATEGORIES IN OUR AUDITED CONSOLIDATED FINANCIAL STATEMENTS ON EXISTING FORM 990, PART X, LINES 27-29 AS FOLLOWS: NET ASSETS WITHOUT DONOR RESTRICTIONS: $2,671,283 NET ASSETS WITH DONOR RESTRICTIONS: $63,420 TOTAL NET ASSETS: $2,734,703 UNRESTRICTED NET ASSETS: $2,671,283 TEMPORARILY RESTRICTED NET ASSETS: $63,420 PERMANENTLY RESTRICTED NET ASSETS: $0 TOTAL NET ASSETS: $2,734,703 FORM 990, PART XI, LINE 9: CHANGE IN OBLIGATION TO PROVIDE FUTURE SERVICES 27,000. FORM 990, PART XII, LINE 2C THE PROCESS FOR THE SELECTION AND SUPERVISION OF THE ORGANIZATION'S INDEPENDENT AUDITOR HAS REMAINED CONSISTENT WITH THE PRIOR YEAR.