2019-03-01T12:28:06-06:00 2018-09-30 592309183 HUGHES SNELL & CO PA 1470 ROYAL PALM SQUARE BLVD FORT MYERS FL 339191082 990 2017-10-01 650610085 CYPRESS COVE AT HEALTHPARK FLORIDA CYPR 2394890023 9800 S HEALTHPARK DR STE 310 FORT MYERS FL 33908 CHARLES B EDWARDS SR CHAIRMAN 2394890023 2019-02-15 true SHARON M THOMPSON P00244903 2399392233 2019-02-08 67.129.180.18 2019-03-01 12:28:06 CS P 2074A42DD70D42F70F80BCD37AE5ACF7D3CF6271 14F06FD11773491C3EEF84A9F36A3A6C63470857 2017 2019-02-21 02:37:17Z CHARLES B EDWARDS SR 9800 S HEALTHPARK DRIVE SUITE 310 FORT MYERS FL 33908 70793966 false X CYPRESSCOVELIVING.ORG X 1995 FL OUR MISSION IS TO CREATE AND SUSTAIN A CONTINUING CARE RETIREMENT COMMUNITY AT HEALTHPARK, FL AND PROVIDE AN ENVIRONMENT OF VITALITY. CYPRESS COVE OFFERS THE SECURITY OF CONTINUING CARE, WHEREBY RESIDENTS WHO HAVE QUALIFIED BOTH FINANCIALLY AND PHYSICALLY, CAN LIVE WITHIN THE COMMUNITY AND, IF NEEDED, RECEIVE ASSISTED LIVING, MEMORY CARE ASSISTED LIVING AND SKILLED NURSING CARE FOR THE CONTRACTUAL MONTHLY FEE FOR THE DURATION OF THEIR LIVES. CYPRESS COVE WILL NOT DISMISS OR TERMINATE A RESIDENT SOLELY BECAUSE OF FINANCIAL INABILITY TO PAY ALL OR A PART OF THE CONTRACTED MONTHLY SERVICE FEE. RESIDENTS OF CYPRESS COVE CONTINUE THEIR ACTIVE AND INDEPENDENT LIFESTYLES, AGING WITH DIGNITY AND ADDED PEACE OF MIND. 12 12 605 180 0 167304 326146 36770321 38547752 459924 1057753 -229358 0 37168191 39931651 0 0 15281720 15662657 0 223446 23195932 24978397 38477652 40641054 -1309461 -709403 134593303 147045694 163946763 177706913 -29353460 -30661219 X OUR MISSION IS TO CREATE AND SUSTAIN A CONTINUING CARE RETIREMENT COMMUNITY AT HEALTHPARK, FL AND PROVIDE AN ENVIRONMENT OF VITALITY. CYPRESS COVE OFFERS THE SECURITY OF CONTINUING CARE, WHEREBY RESIDENTS WHO HAVE QUALIFIED BOTH FINANCIALLY AND PHYSICALLY, CAN LIVE WITHIN THE COMMUNITY AND, IF NEEDED, RECEIVE ASSISTED LIVING, MEMORY CARE ASSISTED LIVING AND SKILLED NURSING CARE FOR THE CONTRACTUAL MONTHLY FEE FOR THE DURATION OF THEIR LIVES. CYPRESS COVE WILL NOT DISMISS OR TERMINATE A RESIDENT SOLELY BECAUSE OF FINANCIAL INABILITY TO PAY ALL OR A PART OF THE CONTRACTED MONTHLY SERVICE FEE. RESIDENTS OF CYPRESS COVE CONTINUE THEIR ACTIVE AND INDEPENDENT LIFESTYLES, AGING WITH DIGNITY AND ADDED PEACE OF MIND. false false 21113775 21840345 PROVIDING A CONTINUING CARE COMMUNITY INCLUDING 333 INDEPENDENT LIVING APARTMENTS AND 30 VILLAS TOGETHER WITH APPROPRIATE COMMON AND AMENITY AREAS SITUATED ON 48 ACRES OF THE HEALTHPARK FLORIDA CAMPUS, LOCATED IN LEE COUNTY, FL. WE OFFER A HOLISTIC APPROACH TO LIFE BY PROVIDING THE FINEST RESORT STYLE AMENITIES, SERVICES AND A WELLNESS ENVIRONMENT PLACING A STRONG EMPHASIS ON PREVENTIVE CARE AND MAINTAINING GOOD HEALTH. WE FULFILL OUR MISSION BY 1) CREATING A CONTINUING CARE COMMUNITY THAT ENCOURAGES ACTIVITY AND PERSONAL GROWTH 2) PROVIDING DINING SERVICES OFFERING A BROAD, SATISFYING, AND NUTRITIOUS ARRAY OF CHOICES EVERY DAY 3) BY PROVIDING HOUSEKEEPING AND TRANSPORTATION, FREEING RESIDENT'S TIME AND ENERGY 4) DEVELOPING A NEIGHBORHOOD WHICH FOSTERS NEW FRIENDSHIPS 5) PROVIDING GOOD BUSINESS PRACTICES 6) EXCEEDING RESIDENT EXPECTATIONS WHILE ATTENDING TO THEIR EMOTIONAL AND SPIRITUAL NEEDS. 16151597 16707407 OUR HEALTH CENTER PROVIDES 44 ASSISTED LIVING UNITS, 44 MEMORY CARE ASSISTED LIVING UNITS AND 64 SKILLED NURSING UNITS, AS WELL AS A MODERN REHAB THERAPY GYM. WE FULFILL OUR MISSION BY 1) MAINTAINING A HIGH QUALITY CONTINUING CARE PROGRAM WITH PROVISIONS FOR ASSISTED LIVING AND NURSING CARE AS IS APPROPRIATE, CONSIDERING THE NEEDS OF THE INDIVIDUAL RESIDENT 2) OFFERING AN ENVIRONMENT WHERE RESIDENTS ARE RESPONSIBLE FOR ORGANIZING THEIR OWN LIVES, YET KNOW THAT SHOULD THEY NEED IT, SUPPORT IS AVAILABLE 3) PROMOTING INNOVATIVE PROGRAMS AND SERVICES, WELLNESS, HEALTHFUL LIVING AND THE OPPORTUNITY FOR RESIDENTS TO LIVE LONGER, HEALTHIER AND MORE FULFILLING LIVES. 37265372 true true false false false false false false false true true false true false true true true true false false false false false false false false false false false true true false false false false false false false false false true true false false false false true false false false true 89 0 true 605 true false false false false false false false false false false false false X 12 12 false true false false false true false true true false false true true true true true true true true false X JEFFREY T DUNKLE 2394499918 10200 CYPRESS COVE DRIVE FORT MYERS FL 33908 X CHARLES B EDWARDS SR CHAIRMAN 5.00 0.50 X X 0 0 0 CLAUDIA COWART VICE CHAIRMA 1.00 0.50 X X 0 0 0 DAWSON MCDANIEL SECRETARY 2.00 2.00 X X 0 0 0 JOSEPH CATTI TREASURER 1.00 1.00 X X 0 0 0 CARL A BARRACO DIRECTOR 0.50 1.00 X 0 0 0 DANIEL F ADAMS DIRECTOR 0.50 X 0 0 0 RICHARD AKIN DIRECTOR 0.50 X 0 0 0 DONNA MICELI DIRECTOR 0.50 X 0 0 0 JOHN A NOLAND DIRECTOR 0.50 5.00 X 0 0 0 TOM SMOOT III DIRECTOR 0.50 0.50 X 0 0 0 E BRUCE STRAYHORN DIRECTOR 0.50 0.50 X 0 0 0 GARRETT H REASONER DIRECTOR 0.50 X 0 0 0 MICHELE S WASSERLAUF EXECUTIVE DI 40.00 X 288590 0 21949 DAVID GRAY DIR OF HEALT 40.00 X 224684 0 14551 JEFFREY T DUNKLE DIR OF FINAN 40.00 X 215401 0 18073 GERALDINE G HARRIS DIR OF MKTG 40.00 X 170489 0 11960 DRUMMOND CAMEL DIR OF HUMAN 40.00 X 166725 0 19320 KEVIN MANNIX DIR OF DININ 40.00 X 158218 0 16416 LISA COX DIRECTOR OF 40.00 X 173915 0 14639 PETER S HAIGHT DIRECTOR OF 40.00 X 141106 0 17150 MARY E FRANKLIN DIR OF RESID 40.00 X 137418 0 14252 ADRIANNE M GERARD MARKETING CO 40.00 X 135967 0 10156 LAUREN BRAHM RETIREMENT C 40.00 X 112326 0 3813 1924839 162279 12 false true false CHRIS-TEL COMPANY OF SWFL INC 2534 EDISON AVE A FORT MYERS FL 33901 BLDG CONTRACTOR 6640471 R D JOHNSON CONSTR INC 15800 BROTHERS COURT UNIT 8 FORT MYERS FL 33912 BLDG CONTRACTOR 3524770 LEE MEMORIAL HOSPITAL 9800 S HEALTHPARK DRIVE 310 FORT MYERS FL 33908 GD LS/INT/OTHER 2245937 FLORIDA BLUE 4800 DEERWOOD CAMPUS PKWY JACKSONVILLE FL 32246 INSURANCE 1722081 LEE FP INC 9800 S HEALTHPARK DRIVE STE 310 FORT MYERS FL 33908 PSVC/REIM/OTHER 1322677 5 X 326146 30172 326146 INDEPENDENT LIVING (MO SVC) 17356644 17356644 MEMBERSHIP 7913638 7913638 SKILLED NURSING 6788138 6788138 MEMORY CARE 2902490 2902490 ASSISTED LIVING 2447259 2447259 1139583 1139583 38547752 588671 588671 31331397 30375365 486950 956032 -486950 469082 -486950 956032 39931651 38060802 1544703 13139416 11787516 1180585 171315 294839 248522 40857 5460 1291064 1167441 107743 15880 937338 853148 71825 12365 37461 4000 33461 66726 66726 80657 80657 305646 81158 224488 703021 703021 130573 20227 97622 12724 445847 247467 198380 4220273 4220273 35457 20202 13327 1928 95695 17966 76485 1244 4790401 4790401 2409561 1649221 760340 5443639 5443639 1355743 1313263 39950 2530 DINING SERVICES 2228106 2228106 SKILLED NURSING SERVICES 1882838 1882838 MEMORY CARE 173372 173372 RESIDENT SERVICES 162534 162534 410847 251057 159790 40641054 37265372 3152236 223446 X 14660264 16879959 1371826 1001769 1385069 4654600 153328 149010 1128354 1041236 149990512 50158600 91874978 99831912 18882661 18470559 4957322 4835948 179501 180701 134593303 147045694 5478834 5772276 81752220 80722914 2376986 7400149 420847 522953 73917876 83288621 163946763 177706913 X -29781092 -31368825 427632 707606 -29353460 -30661219 134593303 147045694 X -709403 -598356 X false true X true false X 8273621 6772417 5964625 7631850 8239784 36882297 22966961 25886006 26786408 29076417 30147164 134862956 31240582 32658423 32751033 36708267 38386948 171745253 171745253 335137 512164 545840 561023 588671 2542835 335137 512164 545840 561023 588671 2542835 31575719 33170587 33296873 37269290 38975619 174288088 0.98540 0.98580 0.01000 0.01000 X 427632 326146 46172 707606 1005972 183708 762048 427632 3381024 150828 2525880 1005972 3046401 447180 40603 153160 3381024 285104 3750390 989093 3046401 1.00000 false false 4499789 4499789 132374584 44696179 87678405 13116139 5462421 7653718 99831912 PROGRAM RELATED INVESTMENTS 18470559 C 18470559 DEFERRED REVENUE FROM ENTR FEES 52263325 REFUNDABLE ENTRANCE FEES 25532035 GROUND LEASE PAYABLE 4720333 REFUNDABLE DEPOSITS 724767 CP OF DEFERRED REFUNDS 48161 83288621 X 39252638 -598356 -598356 39850994 80657 80657 39931651 40560397 40560397 80657 80657 40641054 SCHEDULE D, PAGE 2, PART V, LINE 4 CYPRESS COVE MAINTAINS TEMPORARY RESTRICTED FUNDS THAT ARE TRACKED EITHER BY DONOR RESTRICTION OR BOARD DESIGNATION. THE RESTRICTIONS ARE RELEASED AS THE DONOR OR BOARD RESTRICTION IS MET. THE CURRENT TEMPORARY RESTRICTED FUNDS ARE FOR RESIDENT BENEVOLENCE, STAFF SCHOLORSHIPS, MEMORY CARE OPERATIONS AND CAPITAL, AND VARIOUS RESIDENT ACTIVITIES FUNDS. SCHEDULE D, PAGE 3, PART X BASED ON AN EVALUATION OF CYPRESS COVE'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAVE BEEN RECORDED. X X X X X false false false true false false false false false MICHELE S WASSERLAUF EXECUTIVE DIRECTOR 225982 62608 9815 12134 310539 DAVID GRAY DIR OF HEALTH ADMIN 187193 37491 14551 239235 JEFFREY T DUNKLE DIR OF FINANCIAL SVC 176564 38837 3522 14551 233474 GERALDINE G HARRIS DIR OF MKTG & SALES 101427 69062 4290 7670 182449 DRUMMOND CAMEL DIR OF HUMAN RESOURC 136754 29971 4769 14551 186045 KEVIN MANNIX DIR OF DINING SVCS 132106 26112 4520 11896 174634 LISA COX DIRECTOR OF NURSING 147368 26547 5143 9496 188554 PETER S HAIGHT DIRECTOR OF FACILITY 116281 24825 2892 14258 158256 MARY E FRANKLIN DIR OF RESIDENT SVC 113212 24206 3110 11142 151670 SCHEDULE J, PAGE 1, PART I, LINE 5A THE DIRECTOR OF MARKETING AND SALES RECEIVES A BASE SALARY AND COMMISSIONS. THE MARKETING EMP FOR HEALTHCARE RECEIVES A BASE SALARY AND COMMISSIONS. THE RETIREMENT COUNSELOR RECEIVES A BASE SALARY AND COMMISSIONS. A LEE CNTY INDL DEV AUTH - 2012 2012-09-01 66650857 CAP. EXPEND./BD. RET false false false B LEE COUNTY INDL DEV AUTH - 2014 2014-10-01 20002303 CAP. EXPEND./BD. RET false false false A 66650857 4489013 54627394 1333017 6201433 2014 true true false true B 20002303 1274313 1150173 670818 15877710 1029289 2017 false false false true A false false false false false false true B false false false false false false true A false true true false false false false false true B false true true false false false false false true A true B true JOSEPH CATTI OFCR & DIRECTOR 7500000 PROMISSORY NOTE false SCHEDULE L, PART V JOSEPH CATTI: DURING THE 2017 FISCAL YEAR, CYPRESS COVE ENTERED INTO TWO NEW FINANCING AGREEMENTS WITH FINEMARK BANK TO FUND RENOVATIONS AND CONSTRUCTION OF NEW VILLAS. DURING THE CURRENT FISCAL YEAR, ONE OF THE PROMISSORY NOTES WAS PAID IN FULL. THE REMAINING NOTE HAS A MATURITY DATE OF MAY 1, 2027. CYPRESS COVE ALSO HAS AN UNUSED LINE OF CREDIT WITH FINEMARK BANK. JOSEPH CATTI NOT ONLY SERVES AS A TREASURER AND DIRECTOR OF CYPRESS COVE, BUT IS ALSO THE PRESIDENT/CEO AS WELL AS A BOARD MEMBER OF FINEMARK BANK. HE ABSTAINS FROM VOTING ON ALL RELATED MATTERS. X 1 30172 FMV ON DATE OF TRANSFER false true false FORM 990 - ORGANIZATION'S MISSION OUR MISSION IS TO CREATE AND SUSTAIN A CONTINUING CARE RETIREMENT COMMUNITY AT HEALTHPARK, FL AND PROVIDE AN ENVIRONMENT OF VITALITY. CYPRESS COVE OFFERS THE SECURITY OF CONTINUING CARE, WHEREBY RESIDENTS WHO HAVE QUALIFIED BOTH FINANCIALLY AND PHYSICALLY, CAN LIVE WITHIN THE COMMUNITY AND, IF NEEDED, RECEIVE ASSISTED LIVING, MEMORY CARE ASSISTED LIVING AND SKILLED NURSING CARE FOR THE CONTRACTUAL MONTHLY FEE FOR THE DURATION OF THEIR LIVES. CYPRESS COVE WILL NOT DISMISS OR TERMINATE A RESIDENT SOLELY BECAUSE OF FINANCIAL INABILITY TO PAY ALL OR A PART OF THE CONTRACTED MONTHLY SERVICE FEE. RESIDENTS OF CYPRESS COVE CONTINUE THEIR ACTIVE AND INDEPENDENT LIFESTYLES, AGING WITH DIGNITY AND ADDED PEACE OF MIND. FORM 990, PAGE 2, PART III, LINE 4A BUSINESS PRACTICES 6) EXCEEDING RESIDENT EXPECTATIONS WHILE ATTENDING TO THEIR EMOTIONAL AND SPIRITUAL NEEDS. FORM 990, PAGE 6, PART VI, LINE 3 MEMBERS OF THE MANAGEMENT TEAM ARE EMPLOYEES OF LEE FP, INC. - A RELATED FOR-PROFIT CORPORATION. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD MEMBERS OF LEE MEMORIAL HOSPITAL, INC D/B/A LEE HEALTHCARE RESOURCES (A 501(C)(3) CORPORATION) SELECT THE MEMBERS OF THE BOARD OF DIRECTORS UNDER ALL CIRCUMSTANCES INCLUDING, BUT NOT LIMITED TO: (I) THE ANNUAL ELECTION, (II) IN THE EVENT THERE IS AN INCREASE IN THE SIZE OF THE BOARD, OR (III) IN THE EVENT THERE IS A VACANCY IN THE MEMBERSHIP OF THE BOARD. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS PREPARED BY OUR OUTSIDE TAX ADVISOR/CPA FROM INFORMATION PROVIDED. THE 990 IS PRESENTED IN DRAFT FORM TO THE FINANCE COMMITTEE. UPON COMMITTEE APPROVAL THE 990 IS SENT TO ALL BOARD MEMBERS, DISCUSSED AND APPROVED AT A BOARD MEETING PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C ALL DIRECTORS, OFFICERS AND COMMITTEE MEMBERS WITH BOARD-DELEGATED POWERS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST AT THE TIME THE BOARD MAY BE CONSIDERED A RELATED TRANSACTION OR ARRANGEMENT. THE INDIVIDUAL WITH THE CONFLICT IS PRECLUDED FROM VOTING ON MATTERS TO WHICH THE CONFLICT PERTAINS. IN ADDITION, ON AN ANNUAL BASIS, EACH DIRECTOR IS REQUIRED TO SIGN A STATEMENT AFFIRMING THEY HAVE READ AND UNDERSTAND THE POLICY AND HAVE NOT BEEN INVOLVED IN ANY CONFLICTS OF INTEREST. CYPRESS COVE ALSO PERFORMS PERIODIC REVIEWS TO ENSURE COMPLIANCE WITH THIS POLICY. FORM 990, PAGE 6, PART VI, LINE 15A AN INDEPENDENT COMPENSATION CONSULTANT IS ENGAGED BY THE BOARD'S HUMAN RESOURCES COMMITTEE AND MANAGEMENT COMPANY (LEE FP INC) TO REGULARLY CONDUCT A FORMAL EXECUTIVE COMPENSATION STUDY. NO MEMBER OF THE COMMITTEE HAS ANY CONFLICT OF INTEREST WITH RESPECT TO THE EXECUTIVE DIRECTOR'S COMPENSATION. THE COMMITTEE AND MANAGEMENT COMPANY UTILIZE THE STUDY'S RESULTS WITH OTHER RELATED INDUSTRY DATA (SUCH AS INFORMATION REPORTED ON FORMS 990 FILED BY COMPARABLE ORGANIZATIONS) AS A BASIS FOR COMPARISON PURPOSES OF OVERALL EXECUTIVE COMPENSATION. THE STUDY FINDINGS AND APPROVED RECOMMENDATIONS FROM THE COMMITTEE MEETINGS ARE DOCUMENTED IN THE MINUTES TO THE COMMITTEE MEETING AND DELEGATED TO THE MANAGEMENT COMPANY TO IMPLEMENT AND OVERSEE. FORM 990, PAGE 6, PART VI, LINE 15B AN INDEPENDENT COMPENSATION CONSULTANT IS ENGAGED BY THE BOARD'S HUMAN RESOURCES COMMITTEE AND MANAGEMENT COMPANY (LEE FP INC) TO REGULARLY CONDUCT A FORMAL EXECUTIVE COMPENSATION STUDY. NO MEMBER OF THE COMMITTEE HAS ANY CONFLICT OF INTEREST WITH RESPECT TO THE EXECUTIVE DIRECTOR'S COMPENSATION. THE COMMITTEE AND MANAGEMENT COMPANY UTILIZE THE STUDY'S RESULTS WITH OTHER RELATED INDUSTRY DATA (SUCH AS INFORMATION REPORTED ON FORMS 990 FILED BY COMPARABLE ORGANIZATIONS) AS A BASIS FOR COMPARISON PURPOSES OF OVERALL EXECUTIVE COMPENSATION. THE STUDY FINDINGS AND APPROVED RECOMMENDATIONS FROM THE COMMITTEE MEETINGS ARE DOCUMENTED IN THE MINUTES TO THE COMMITTEE MEETING AND DELEGATED TO THE MANAGEMENT COMPANY TO IMPLEMENT AND OVERSEE. FORM 990, PAGE 6, PART VI, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE AT THE OFFICE OF THE EXECUTIVE DIRECTOR UPON REQUEST. IN ADDITION, THE AUDITED FINANCIAL STATEMENTS ARE REVIEWED ANNUALLY WITH THE CYPRESS COVE RESIDENT FINANCIAL COMMUNICATIONS COMMITTEE. QUARTERLY FINANCIAL UPDATES ARE ALSO PROVIDED IN PUBLIC FORUM FOR ALL RESIDENTS. LEE MEMORIAL HOSPITAL INC 9800 S HEALTH PARK DR STE 310 FORT MYERS FL 33908 237160360 SEE SUPLMT FL 501C3 12C NA false LEE FP INC & SUBSIDIARIES 9800 S HEALTHPARK DR STE 310 FORT MYERS FL 33908 650184989 MANAGEMENT FL N/A C CORP false false false true false true false false false false false true false true false false true true false false LEE MEM HOSP INC (LHR) - GRANT C 118623 COST LEE MEM HOSP INC (LHR) - GRND LS E 4720333 COST LHR - ACCRUED INTEREST E 315345 COST LHR - RENT (GROUND LEASE) K 1220683 COST LHR - RENT (OFC) K 11144 COST LEE FP INC - MANAGEMENT FEES M 730340 COST LHR - PLEDGE FEE M 30000 COST LEE FP INC - EMPLE COSTS REIMB P 414435 COST LHR - FOOD SVC REIMB Q 1949 COST SCHEDULE R SCHEDULE R, PART II, LINE I, COLUMN (B): SUPPORT: 1) LMHS-PUBLIC HOSPITAL FUNCTIONS 2) CYPRESS COVE - CHARITABLE