2025-11-14T10:02:46+00:00 2024-12-31 440160260 Forvis Mazars LLP 255 South Orange Avenue Suite 600 Orlando FL 32801 990 2024-01-01 592347336 Carpenter's Home Estates Inc CARP 8638583847 1001 Carpenters Way Lakeland FL 33809 Leo Gillman President 8638583847 2025-11-14 true true Harry Harp P00176471 4077405400 2025-11-13 2024 2025-03-06 01:10:19Z The Estates at Carpenters LEO GILLMAN 1001 Carpenters Way Lakeland FL 33809 24273075 false X WWW.ESTATESATCARPENTERS.COM X 1984 FL THE ORGANIZATION DEDICATES A VARIETY OF SERVICES TO MEET THE NEEDS OF ITS RESIDENTS. 7 7 336 100 0 324599 41065 22330641 23222430 771377 983120 8620 -16389 23435237 24230226 618356 603607 0 10014974 10527592 0 0 10940564 10946895 21573894 22078094 1861343 2152132 65338075 66131305 55793175 54380222 9544900 11751083 THE ESTATES AT CARPENTERS IS A NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY DEDICATED TO PROVIDING NURSING AND PERSONAL SERVICES TO MEET THE SPIRITUAL, SOCIAL, EMOTIONAL, PHYSICAL AND HEALTH NEEDS OF THE RESIDENTS AND THE COMMUNITY WE SERVE. WE STRIVE TO PROMOTE AND ENHANCE AN ENVIRONMENT THAT ENCOURAGES DIGNITY, PERSONAL GROWTH, HAPPINESS AND SELF-ESTEEM WHILE VALUING A SENSE OF PURPOSE AND INDEPENDENCE. false false 13483904 16217076 CARPENTER'S HOME ESTATES, INC. OPERATES 372 INDEPENDENT LIVING APARTMENTS AS PART OF THE CONTINUING CARE RETIREMENT COMMUNITY. THE INDEPENDENT LIVING APARTMENTS PROVIDE FINANCIAL SUPPORT TO THE OPERATING ACTIVITIES OF THE SKILLED NURSING FACILITY AND THE ASSISTED LIVING FACILITY. THE ESTATES OPERATES A WELLNESS CLINIC STAFFED BY LICENSED NURSES TO PROVIDE OVERSIGHT OF RESIDENT HEALTH CONCERNS, COMMUNICATE WITH MEDICAL PROVIDERS TO IMPROVE CARE AND MINIMIZE WASTE, AND TO ASSIST IN THE COORDINATION OF OUTSIDE MEDICAL SERVICES. THE RESIDENT AGREEMENT EXECUTED AT ADMISSION TO THE COMMUNITY PROVIDES RESIDENTS WITH A SENSE OF SECURITY AND PEACE OF MIND BY GUARANTEEING THE PROVISIONS OF SERVICES AND SUPPORT FOR THE REST OF THEIR LIVES REGARDLESS OF THEIR ABILITY TO PAY, AS LONG AS THEY HAVE NOT DISPOSED OF THEIR ASSETS AT LESS THAN FAIR MARKET VALUE. IN THE ESTATES' 39-YEAR HISTORY, NO RESIDENT HAS EVER BEEN ASKED TO LEAVE DUE TO THEIR INABILITY TO MEET THEIR FINANCIAL OBLIGATIONS TO THE ORGANIZATION. 4806339 603607 5740579 CARPENTER'S HOME ESTATES, INC. OPERATES A 49-UNIT ASSISTED LIVING FACILITY WITH A LICENSED OCCUPANCY OF 52 RESIDENTS. THE FACILITY HOLDS AN EXTENDED CONGREGATE CARE LICENSE TO ALLOW FOR THE PROVISION OF NURSING SERVICES TO THE RESIDENTS. THIS SPECIALTY LICENSE ENABLES THE FACILITY TO EXPAND THE NUMBER AND TYPES OF SERVICES PROVIDED TO THE RESIDENTS WITH THE INTENT OF ALLOWING THEM TO "AGE IN PLACE." THIS LICENSE AND STAFFING PATTERN, WHICH INCLUDES 24-HOUR-A-DAY NURSING COVERAGE, PERMITS THE RESIDENTS TO AGE WITH DIGNITY AND POSTPONES THEIR TRANSFER TO SKILLED NURSING, WHICH HAS A HIGHER COST THAN ASSISTED LIVING. IN 2024, 90% OF THE RESIDENTS SERVED IN THE ASSISTED LIVING FACILITY WERE RECEIVING LIFECARE BENEFITS. THROUGH THEIR RESIDENT AGREEMENT, THESE RESIDENTS RECEIVE A GUARANTEE FOR THE PROVISION OF SERVICES AND SUPPORT REGARDLESS OF THEIR ABILITY TO PAY, AS LONG AS THEY HAVE NOT DISPOSED OF THEIR ASSETS AT LESS THAN FAIR MARKET VALUE. IN THE ESTATES' 39-YEAR HISTORY, NO RESIDENT HAS EVER BEEN ASKED TO LEAVE DUE TO THEIR INABILITY TO MEET THEIR FINANCIAL OBLIGATIONS TO THE ORGANIZATION. 1051614 1264775 CARPENTER'S HOME ESTATES, INC. ("THE ESTATES") OPERATES A 72-BED SKILLED NURSING FACILITY AND PARTICIPATES IN THE MEDICARE AND MEDICAID PROGRAMS. IN 2024, 40% OF THE TOTAL PATIENT DAYS SERVICED IN THE NURSING HOME WERE RECEIVING LIFECARE BENEFITS. THROUGH THEIR RESIDENT AGREEMENT, THESE RESIDENTS RECEIVE A GUARANTEE FOR THE PROVISION OF SERVICES REGARDLESS OF THEIR ABILITY TO PAY, AS LONG AS THEY HAVE NOT DISPOSED OF THEIR ASSETS AT LESS THAN FAIR MARKET VALUE. IN ADDITION, THE ESTATES DEMONSTRATE COMMITMENT TO THE SERVICE AND SUPPORT OF THE INDIGENT ELDERLY POPULATION OF THE LOCAL COMMUNITY. IN 2024, 21% OF THE TOTAL PATIENT DAYS IN THE SKILLED NURSING COMPONENT WERE FOR CARE PROVIDED TO RESIDENTS COVERED BY THE MEDICAID PROGRAM. IN THE ESTATES' 39-YEAR HISTORY, NO RESIDENT HAS EVER BEEN ASKED TO LEAVE DUE TO THEIR INABILITY TO MEET THEIR FINANCIAL OBLIGATIONS TO THE ORGANIZATION. 19341857 true false false false false false false false false false true false false true true true true false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false true 11 0 true 336 true false false false false false false false false false false false false X 7 7 false false false false false false false true true false false false true true true true true true false false false false X Brian Robare 8638583847 1001 CARPENTERS WAY LAKELAND FL 33809 DAVID VESPA VICE PRESIDENT 2.0 X X 0 0 0 LEO GILLMAN PRESIDENT 2.0 X X 0 0 0 LOU MCCRANEY SECRETARY/TREASURER 2.0 X X 0 0 0 DAVID SCRUGGS BOARD MEMBER 2.0 X 0 0 0 HARVEY MABE BOARD MEMBER 2.0 X 0 0 0 JOSEPH GOSS BOARD MEMBER 2.0 X 0 0 0 WALTER LAIDLER BOARD MEMBER 2.0 X 0 0 0 BRIAN ROBARE CEO & EXECUTIVE DIRECTOR 40.0 X 316291 0 43838 ANGELA LAYFIELD COO 40.0 X 122242 0 12804 CYNTHIA AYALA ADMININISTRATOR 40.0 X 142687 0 8003 LILYBETH LUCAS THERAPY DIRECTOR 40.0 X 127783 0 27572 SHERI TURNER DIRECTOR OF FINANCE 40.0 X 94928 0 19927 803931 0 112144 5 false true false SCHMID CONSTRUCTION 15690 W COLONIAL DRIVE WINTER GARDEN FL 34787 CONTRACTOR 3755031 US FOODS INC PO BOX 281841 ATLANTA GA 303841841 FOOD SERVICES 604888 EVANGELISTO CONSTRUCTION LLC 2426 EDENFIELD PLACE LAKELAND FL 33801 CONTRACTOR 581010 CFI 4450 E ADAMO DR SUITE 506 TAMPA FL 33605 CONTRACTOR 456821 ANIXTER INC PO Box 842591 Dallas TX 752842591 CONTRACTOR 282642 6 9787 31278 41065 APARTMENT SERVICE FEES 623000 12336004 12336004 SKILLED NURSING 623000 5740579 5740579 EARNED ENTRANCE FEES 623000 3582365 3582365 ASSISTED LIVING FEES 623000 1264776 1264776 OTHER RESIDENT SERVICE 623000 298706 298706 0 0 0 0 23222430 983120 983120 0 0 0 0 26460 9787 42849 -16389 -16389 0 0 0 0 0 24230226 23222430 0 966731 603607 603607 9056515 8050914 1005601 47614 43766 3848 744393 677810 66583 679070 591831 87239 116272 103587 12685 20610 20610 215170 95170 120000 0 312942 200 312742 243429 125441 117988 1674368 1276917 397451 76099 43459 32640 1490437 1490437 0 4236743 4152742 84001 700685 357340 343345 DIETARY 1158007 1143003 15004 SUPPLIES 507018 413754 93264 PRESCRIPTIONS 74068 74068 0 BARBER AND BEAUTY 50835 50835 70212 46976 23236 0 22078094 19341857 2736237 0 613242 1649545 1367111 2406459 984042 1332423 0 0 0 0 284345 112600 97758 57600 943898 139820 94797968 54902491 34552994 39895477 12412734 18619459 0 7875226 8124647 65338075 66131305 1934973 2595194 20024394 18421283 33367308 32868745 0 0 410000 430000 56500 65000 55793175 54380222 9544900 11751083 9544900 11751083 65338075 66131305 2152132 54051 0 X X false true true false X 1783515 454921 2956 324599 41065 2607056 19164542 18178435 17925201 21856865 22923724 100048767 0 0 0 20948057 18633356 17928157 22181464 22964789 102655823 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 102655823 397314 114838 186379 771377 983120 2453028 0 397314 114838 186379 771377 983120 2453028 0 738421 279248 217218 473776 298706 2007369 22083792 19027442 18331754 23426617 24246615 107116220 0.95836 0.96269 0.02 0.0184 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - RESIDENT SERVICE REVENUE, COLUMN A - 738421.0, COLUMN B - 279248.0, COLUMN C - 217218.0, COLUMN D - 473776.0, COLUMN E - 298706.0, COLUMN F - 2007369.0; 2143617 2143617 77110614 47680338 29430276 8283411 7175908 1107503 7260326 46245 7214081 39895477 INVESTMENTS WHOSE USE IS LIMITED 7889293 UTILITY DEPOSITS 81115 CONTRACT ACQUISITION COSTS 154239 8124647 Federal Income Taxes ENTRANCE FEE DEPOSITS 65000 65000 X 23767386 54051 -559740 -505689 24273075 -42849 -42849 24230226 21561203 42849 42849 21518354 559740 559740 22078094 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE ESTATES 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, 2024, WITH FEW EXCEPTIONS, THE ESTATES IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS ON ITS FEDERAL INCOME TAX RETURNS PRIOR TO 2020. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 GRANTS INCLUDED IN INCOME - -559740 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements FUNDRAISING EVENT EXPENSES - -42849 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 FUNDRAISING EVENT EXPENSES - 42849 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements GRANTS INCLUDED IN INCOME - 559740 K9 For Cops 36247 9787 26460 18599 9750 14500 0 0 36247 9787 26460 18599 9750 14500 42849 -16389 true Subsidy 10 157531 0 FMV To help subsidize their monthly LifeCare mainenance fee Advantage 17 446076 0 FMV To help less advantage renters be able to live here Schedule I, Part III, Column (b) Estimated Number Of Recipients Subsidy : N/A Schedule I, Part III, Column (b) Estimated Number Of Recipients Advantage : N/A Schedule I, Part I, Line 2 SOCIAL ACCOUNTABILITY PROGRAM Carpenter's Home Estates, Inc. (the "Estates") demonstrates commitment to the mission of the organization and the local community through our Social Accountability efforts. Our organization believes that, as a not-for-profit, we have a responsibility to make a difference in our local community. Our Carpenter's Cares program commits time and financial resources to making a difference in the lives of our residents, staff, families, and community that we are privileged to serve. The Estates believes that any commitment to making a difference in the local community must first ensure that their dedicated staff is appreciated and supported. Our employee engagement program is designed to say, "thank you," but instances do arise when a staff member encounters an unexpected hardship. Following the adage that "charity begins at home," the Carpenters Cares program offers financial support to employees facing a financial, health, or other personal crisis that severely impacts their ability to maintain their day-to-day activities and responsibilities. This program has aided with unexpected medical bills, groceries, rent and mortgage payments, and electric bills. In 2024, $4,015.30 of assistance was provided to employees through this program and since the inception of this program over $49,823. Polk Works recognized this commitment to our employees when the Estates received a "Best Places to Work" award for the 15th consecutive year. In addition, holiday food drives and school supply drives ensure that our employees can enjoy a holiday meal with their family and send their child to school prepared. Our Resident's Association collects and sorts through furniture and clothing donations throughout the year. These donations help to fund an employee scholarship program and help charities in the local community. Beneficiaries of our giving include Peace River Center, Lighthouse Ministries, Lakeland Habitat for Humanity, Florida Baptist Children's Home, Clark's House, and Shriner's Hospital for Children. A sample of the organization's support for local community efforts include: - Financial support of the Polk Senior Games and host of the chess tournament - Financial support for the annual fundraiser of Volunteers in Service to the Elderly - The donation of "goodie" bags to the Polk Senior Games for the annual informational health expo - The donation of wooden toys made by residents to our local fire department and police and sheriff's offices. - Sponsorship of the Lakeland and Winter Haven Senior softball teams - Financial support and employee and resident participation in the Walk to End Alzheimers - Hosted a National Night Out Event to raise awareness in the local community - Hosted a breakfast meeting of Better Living for Seniors, a coalition of organizations that provide services to seniors The holidays are always such an enjoyable time for the Estates' family and provide the perfect opportunity to share with the community. In 2024, The Estates provided 342 Thanksgiving meals to Project Care Outreach. This program offers these meals to shut-ins and those less fortunate. Every year, the Estates sponsors a collection of new, unwrapped toys for the Lakeland Police Department's "Cops for Kids" campaign and provides financial support for this wonderful program that benefits children from the local community and helps to ensure that each child has a present to unwrap on Christmas morning. Estates' employees through a Secret Santa program embrace the spirit of giving for health center residents. The employees purchase gifts for our residents and Santa makes a special visit at the annual Christmas party. The smiles are priceless! As a member of the business community, the Estates actively participates in the Florida Chamber of Commerce, the Lakeland Area Chamber of Commerce, and other functions in the City of Lakeland. The Estates purchased a Food Truck for community outreach and in 2024 provided meals to the following organizations: - Lakeland Fire Department - Resurrection Catholic School - North Lakeland Elementary - Lakeland Sr Softball Team - Victory Church - Lakeland Rotary Club Golf Tournament - Fundraiser for the Freedom Flight - VISTE - Snacks for volunteers who deliver Thanksgiving meals - Lakeland Volunteers In Medicine The Estates continues to offer the talents of its employees to local organizations, including Better Living for Seniors and the Alzheimer's Association. In addition, employees volunteer their time and expertise for LeadingAge Florida, Florida Health Care Association, University of South Florida, and the City of Lakeland Leadership Council for Seniors. The Estates provides meeting space to many organizations that serve the local community. In 2023, the Estates welcomed the following organizations to its campus: - Alzheimer's Association - Gideon's - K9s For Cops - Polk County Emergency Management Because charity does begin at home, Estates' residents have a special affinity to volunteering within the Estates' community itself. Whether it is residents who visit other residents in the health center or residents who volunteer by answering phones, the Estates is the grateful recipient of their spirit of giving. Over 150 Estates' residents offer their time and talent to make the Estates a wonderful, caring place to live. The "Advantage Program" was developed to open the community to individuals who would not otherwise be able to live at the Estates. Working with area churches and ministers, this program designates twenty-five apartments for this purpose. The individuals selected enjoy the same access to services and amenities and become a part of the community. In 2024, the monthly fees for these 17 residents were discounted by fifty-eight percent, which amounted to $446,076 off the prevailing fee schedule. The Carpenter's Cares program is immensely proud of a joint effort with the Polk County Sheriff's Office called K9s for Cops. This program recognizes the value of law enforcement to the greater community and raises money to purchase K9s for the Sheriff's Office. To date, over $472,676.18 has been raised and twenty-eight dogs have been purchased and placed into service. The future of the Carpenter's Cares program is exciting and the role of Carpenter's Home Estates in the community mirrors our corporate mission statement: "The Estates at Carpenters is a not-for-profit Retirement Community dedicated to providing care and services to meet the spiritual, social, emotional, physical, and health needs of the residents and community we serve. We strive to promote and enhance an environment that encourages dignity, personal growth, happiness, and self-esteem while valuing a sense of purpose and independence." The Commitment to Caring program continues to grow and expand as we identify additional ways to serve and benefit the local community, our residents, and our staff members. Over our 37 plus years of service, our commitment to the community continues to grow and reflects the rich tradition and long-standing values of our community. Our goal is simple...we want to continue to emphasize quality and service to our residents, staff, and the community at large. We will continue to be a community "where quality of life is celebrated a community partner committed to making a difference. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds PLEASE SEE PART IV FOR THE SOCIAL ACCOUNTABILITY PROGRAMS. false false false false false false false false false BRIAN ROBARE CEO & EXECUTIVE DIRECTOR 316291 0 0 0 0 0 30500 0 13338 0 360129 0 0 0 LILYBETH LUCAS THERAPY DIRECTOR 127783 0 0 0 0 0 7086 0 20486 0 155355 0 0 0 CYNTHIA AYALA ADMININISTRATOR 142687 0 0 0 0 0 0 0 8003 0 150690 0 0 0 A Polk County Industrial Development Authority (Florida) 73112JAD2 2019-06-12 32800000 See Supplemental Information false false false A 1620000 38985785 3789408 1076203 17416924 16703250 true false true true A false false false false false false 0.0 0.0 0.0 false false 0 false false A false true true true false false 0 false false false 0 false false false A true Schedule K, Part I, Column (f) Row B THE SERIES 2019 BONDS WERE ISSUED TO REFINANCE THE EXISTING SERIES 2008 BONDS, CONSTRUCT AND EQUIPPING CERTAIN IMPROVEMENTS CONSISTING OF BUT NOT LIMITED TO: ELEVATOR IMPROVEMENTS, REMODELING THE DINING ROOM, NEW WIRELESS INTERNET MODERNIZATION, AND VARIOUS OUTDOOR COMMUNITY IMPROVEMENTS. Schedule K, Part I Row B IN JUNE 2019, THE ESTATES ISSUED THE POLK COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY RETIREMENT FACILITY REVENUE REFUNDING AND IMPROVEMENT BONDS (CARPENTER'S HOME ESTATES, INC. PROJECT), SERIES 2019 (THE "SERIES 2019 BONDS"), WITH YEARLY PRINCIPAL PAYMENTS DUE IN VARYING INCREASING INSTALLMENTS IN THE AMOUNT OF $100,000 BEGINNING ON JANUARY 1, 2020 TO $1,930,000 IN JANUARY 1, 2055. Schedule K, Part I (C) THE SERIES 2019 BOND ISSUE CONSISTS OF THE FOLLOWING: CUSIP NO. 73112JAA8, $4,005,000 5.00% TERM BONDS DUE JANUARY 1, 2029 CUSIP NO. 73112JAB6, $7,000,000 5.00% TERM BONDS DUE JANUARY 1, 2039 CUSIP NO. 73112JAC4, $11,540,000 5.00% TERM BONDS DUE JANUARY 1, 2049 CUSIP NO. 73112JAD2, $10,255,000 5.00% TERM BONDS DUE JANUARY 1, 2055 Schedule K, Part II, Line 3 THE TOTAL PROCEEDS FOR SERIES 2019 BOND ISSUE ARE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I, COLUMN (E), THE DIFFERENCE IS AN ORIGINAL ISSUE PREMIUM OF $3,551,405; FUNDS RELEASED FROM PRIOR INDENTURE OF $2,285,205; AND AN EQUITY CONTRIBUTION OF $349,175. Form 990, Part VI, Line 11b Review of form 990 by governing body THE RETURN IS SENT TO THE ENTIRE BOARD VIA EMAIL, COMMENTS ARE TAKEN INTO CONSIDERATION AND THE RETURN IS MODIFIED AS NECESSARY. A COPY OF THE FINAL RETURN IS PROVIDED TO ALL OF THE VOTING MEMBERS OF ORGANIZATION'S BOARD BEFORE IT IS FILED WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH THE BOARD OF DIRECTORS AND KEY EMPLOYEES ON AN ANNUAL BASIS. AT THIS TIME, INDIVIDUALS ARE REQUESTED TO DECLARE AREAS OF POTENTIAL CONFLICT. IF ANY POTENTIAL CONFLICTS ARE IDENTIFIED, THE BOARD APPROVED POLICY IS FOLLOWED. Form 990, Part VI, Line 19 Required documents available to the public THE UNAUDITED MONTHLY FINANCIAL STATEMENTS ARE PROVIDED TO OUR BOARD OF DIRECTORS, THE PRESIDENT OF THE RESIDENT ASSOCIATION (CHERA), AND TWO RESIDENT REPRESENTATIVES TO OUR BOARD OF DIRECTORS. THE UNAUDITED QUARTERLY AND ANNUAL FINANCIAL STATEMENTS ARE PROVIDED TO ALL EXISTING RESIDENTS OF THE COMMUNITY, POSTED QUARTERLY ON MUNICIPAL SECURITIES RULEMAKING BOARD (MSRB) WEBSITE, AND POSTED ON THE FLORIDA OFFICE OF INSURANCE REGULATION WEBSITE. THE AUDITED ANNUAL FINANCIAL STATEMENTS ARE FILED WITH THE MSRB AND THE FLORIDA OFFICE OF INSURANCE. A COPY OF THE AUDITED ANNUAL FINANCIAL STATEMENTS IS PROVIDED TO EACH BOARD MEMBER, THE TWO RESIDENT REPRESENTATIVES TO THE BOARD AND THE PRESIDENT OF THE CHERA, THE RESIDENT ASSOCIATION FOR THE COMMUNITY. IN ADDITION, A SUMMARY OF THE ANNUAL FINANCIAL STATEMENTS IS POSTED ON OUR BULLETIN BOARD AND A COPY IS AVAILABLE IN THE BUSINESS OFFICE FOR INSPECTION BY THE GENERAL PUBLIC UPON REQUEST. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE GENERAL PUBLIC AT OUR BUSINESS LOCATION UPON REQUEST. Form 990, Part XII, Line 2c Change of oversight process or selection process OVERSIGHT OF AUDIT: THE AUDIT COMMITTEE OF 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. SOCIAL ACCOUNTABILITY PROGRAM CARPENTER'S HOME ESTATES, INC. (THE "ESTATES") DEMONSTRATES COMMITMENT TO THE MISSION OF THE ORGANIZATION AND THE LOCAL COMMUNITY THROUGH OUR SOCIAL ACCOUNTABILITY EFFORTS. OUR ORGANIZATION BELIEVES THAT, AS A NOT-FOR-PROFIT, WE HAVE A RESPONSIBILITY TO MAKE A DIFFERENCE IN OUR LOCAL COMMUNITY. OUR CARPENTER'S CARES PROGRAM COMMITS TIME AND FINANCIAL RESOURCES TO MAKING A DIFFERENCE IN THE LIVES OF OUR RESIDENTS, STAFF, FAMILIES, AND COMMUNITY THAT WE ARE PRIVILEGED TO SERVE. THE ESTATES BELIEVES THAT ANY COMMITMENT TO MAKING A DIFFERENCE IN THE LOCAL COMMUNITY MUST FIRST ENSURE THAT THEIR DEDICATED STAFF IS APPRECIATED AND SUPPORTED. OUR EMPLOYEE ENGAGEMENT PROGRAM IS DESIGNED TO SAY, "THANK YOU," BUT INSTANCES DO ARISE WHEN A STAFF MEMBER ENCOUNTERS AN UNEXPECTED HARDSHIP. FOLLOWING THE ADAGE THAT "CHARITY BEGINS AT HOME," THE CARPENTERS CARES PROGRAM OFFERS FINANCIAL SUPPORT TO EMPLOYEES FACING A FINANCIAL, HEALTH, OR OTHER PERSONAL CRISIS THAT SEVERELY IMPACTS THEIR ABILITY TO MAINTAIN THEIR DAY-TO-DAY ACTIVITIES AND RESPONSIBILITIES. THIS PROGRAM HAS AIDED WITH UNEXPECTED MEDICAL BILLS, GROCERIES, RENT AND MORTGAGE PAYMENTS, AND ELECTRIC BILLS. IN 2024, $4,015.30 OF ASSISTANCE WAS PROVIDED TO EMPLOYEES THROUGH THIS PROGRAM AND SINCE THE INCEPTION OF THIS PROGRAM OVER $49,823.30. POLK WORKS RECOGNIZED THIS COMMITMENT TO OUR EMPLOYEES WHEN THE ESTATES RECEIVED A "BEST PLACES TO WORK" AWARD FOR THE 14TH CONSECUTIVE YEAR. IN ADDITION, HOLIDAY FOOD DRIVES AND SCHOOL SUPPLY DRIVES ENSURE THAT OUR EMPLOYEES CAN ENJOY A HOLIDAY MEAL WITH THEIR FAMILY AND SEND THEIR CHILD TO SCHOOL PREPARED. OUR RESIDENT'S ASSOCIATION COLLECTS AND SORTS THROUGH FURNITURE AND CLOTHING DONATIONS THROUGHOUT THE YEAR. THESE DONATIONS HELP TO FUND AN EMPLOYEE SCHOLARSHIP PROGRAM AND HELP CHARITIES IN THE LOCAL COMMUNITY. BENEFICIARIES OF OUR GIVING INCLUDE PEACE RIVER CENTER, LIGHTHOUSE MINISTRIES, LAKELAND HABITAT FOR HUMANITY, FLORIDA BAPTIST CHILDREN'S HOME, CLARK'S HOUSE, AND SHRINER'S HOSPITAL FOR CHILDREN. A SAMPLE OF THE ORGANIZATION'S SUPPORT FOR LOCAL COMMUNITY EFFORTS INCLUDE: - FINANCIAL SUPPORT OF THE POLK SENIOR GAMES AND HOST OF THE CHESS TOURNAMENT - FINANCIAL SUPPORT FOR THE ANNUAL FUNDRAISER OF VOLUNTEERS IN SERVICE TO THE ELDERLY - THE DONATION OF "GOODIE" BAGS TO THE POLK SENIOR GAMES FOR THE ANNUAL INFORMATIONAL HEALTH EXPO - THE DONATION OF WOODEN TOYS MADE BY RESIDENTS TO OUR LOCAL FIRE DEPARTMENT AND POLICE AND SHERIFF'S OFFICES. - SPONSORSHIP OF THE LAKELAND AND WINTER HAVEN SENIOR SOFTBALL TEAMS - FINANCIAL SUPPORT AND EMPLOYEE AND RESIDENT PARTICIPATION IN THE WALK TO END ALZHEIMERS - HOSTED A NATIONAL NIGHT OUT EVENT TO RAISE AWARENESS IN THE LOCAL COMMUNITY - HOSTED A BREAKFAST MEETING OF BETTER LIVING FOR SENIORS, A COALITION OF ORGANIZATIONS THAT PROVIDE SERVICES TO SENIORS THE HOLIDAYS ARE ALWAYS SUCH AN ENJOYABLE TIME FOR THE ESTATES' FAMILY AND PROVIDE THE PERFECT OPPORTUNITY TO SHARE WITH THE COMMUNITY. IN 2024, THE ESTATES PROVIDED 342 THANKSGIVING MEALS TO PROJECT CARE OUTREACH. THIS PROGRAM OFFERS THESE MEALS TO SHUT-INS AND THOSE LESS FORTUNATE. EVERY YEAR, THE ESTATES SPONSORS A COLLECTION OF NEW, UNWRAPPED TOYS FOR THE LAKELAND POLICE DEPARTMENT'S "COPS FOR KIDS" CAMPAIGN AND PROVIDES FINANCIAL SUPPORT FOR THIS WONDERFUL PROGRAM THAT BENEFITS CHILDREN FROM THE LOCAL COMMUNITY AND HELPS TO ENSURE THAT EACH CHILD HAS A PRESENT TO UNWRAP ON CHRISTMAS MORNING. ESTATES' EMPLOYEES THROUGH A SECRET SANTA PROGRAM EMBRACE THE SPIRIT OF GIVING FOR HEALTH CENTER RESIDENTS. THE EMPLOYEES PURCHASE GIFTS FOR OUR RESIDENTS AND SANTA MAKES A SPECIAL VISIT AT THE ANNUAL CHRISTMAS PARTY. THE SMILES ARE PRICELESS! AS A MEMBER OF THE BUSINESS COMMUNITY, THE ESTATES ACTIVELY PARTICIPATES IN THE FLORIDA CHAMBER OF COMMERCE, THE LAKELAND AREA CHAMBER OF COMMERCE, AND OTHER FUNCTIONS IN THE CITY OF LAKELAND. THE ESTATES PURCHASED A FOOD TRUCK FOR COMMUNITY OUTREACH AND IN 2024 PROVIDED MEALS TO THE FOLLOWING ORGANIZATIONS: - LAKELAND FIRE DEPARTMENT - RESURRECTION CATHOLIC SCHOOL - NORTH LAKELAND ELEMENTARY - LAKELAND SR SOFTBALL TEAM - VICTORY CHURCH - LAKELAND ROTARY CLUB GOLF TOURNAMENT FUNDRAISER FOR THE FREEDOM FLIGHT - VISTE SNACKS FOR VOLUNTEERS WHO DELIVER THANKSGIVING MEALS - LAKELAND VOLUNTEERS IN MEDICINE THE ESTATES CONTINUES TO OFFER THE TALENTS OF ITS EMPLOYEES TO LOCAL ORGANIZATIONS, INCLUDING BETTER LIVING FOR SENIORS AND THE ALZHEIMER'S ASSOCIATION. IN ADDITION, EMPLOYEES VOLUNTEER THEIR TIME AND EXPERTISE FOR LEADINGAGE FLORIDA, FLORIDA HEALTH CARE ASSOCIATION, UNIVERSITY OF SOUTH FLORIDA, AND THE CITY OF LAKELAND LEADERSHIP COUNCIL FOR SENIORS. THE ESTATES PROVIDES MEETING SPACE TO MANY ORGANIZATIONS THAT SERVE THE LOCAL COMMUNITY. IN 2024, THE ESTATES WELCOMED THE FOLLOWING ORGANIZATIONS TO ITS CAMPUS: - ALZHEIMER'S ASSOCIATION - GIDEON'S - K9S FOR COPS - POLK COUNTY EMERGENCY MANAGEMENT BECAUSE CHARITY DOES BEGIN AT HOME, ESTATES' RESIDENTS HAVE A SPECIAL AFFINITY TO VOLUNTEERING WITHIN THE ESTATES' COMMUNITY ITSELF. WHETHER IT IS RESIDENTS WHO VISIT OTHER RESIDENTS IN THE HEALTH CENTER OR RESIDENTS WHO VOLUNTEER BY ANSWERING PHONES, THE ESTATES IS THE GRATEFUL RECIPIENT OF THEIR SPIRIT OF GIVING. OVER 150 ESTATES' RESIDENTS OFFER THEIR TIME AND TALENT TO MAKE THE ESTATES A WONDERFUL, CARING PLACE TO LIVE. THE "ADVANTAGE PROGRAM" WAS DEVELOPED TO OPEN THE COMMUNITY TO INDIVIDUALS WHO WOULD NOT OTHERWISE BE ABLE TO LIVE AT THE ESTATES. WORKING WITH AREA CHURCHES AND MINISTERS, THIS PROGRAM DESIGNATES TWENTY-FIVE APARTMENTS FOR THIS PURPOSE. THE INDIVIDUALS SELECTED ENJOY THE SAME ACCESS TO SERVICES AND AMENITIES AND BECOME A PART OF THE COMMUNITY. IN 2024, THE MONTHLY FEES FOR THESE 18 RESIDENTS WERE DISCOUNTED BY FIFTY-EIGHT PERCENT, WHICH AMOUNTED TO $619,544.95 OFF THE PREVAILING FEE SCHEDULE. THE CARPENTER'S CARES PROGRAM IS IMMENSELY PROUD OF A JOINT EFFORT WITH THE POLK COUNTY SHERIFF'S OFFICE CALLED K9S FOR COPS. THIS PROGRAM RECOGNIZES THE VALUE OF LAW ENFORCEMENT TO THE GREATER COMMUNITY AND RAISES MONEY TO PURCHASE K9S FOR THE SHERIFF'S OFFICE. TO DATE, OVER $493,540.53 HAS BEEN RAISED AND TWENTY-EIGHT DOGS HAVE BEEN PURCHASED AND PLACED INTO SERVICE. THE FUTURE OF THE CARPENTER'S CARES PROGRAM IS EXCITING AND THE ROLE OF CARPENTER'S HOME ESTATES IN THE COMMUNITY MIRRORS OUR CORPORATE MISSION STATEMENT: THE ESTATES AT CARPENTERS IS A NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY DEDICATED TO PROVIDING CARE AND SERVICES TO MEET THE SPIRITUAL, SOCIAL, EMOTIONAL, PHYSICAL, AND HEALTH NEEDS OF THE RESIDENTS AND COMMUNITY WE SERVE. WE STRIVE TO PROMOTE AND ENHANCE AN ENVIRONMENT THAT ENCOURAGES DIGNITY, PERSONAL GROWTH, HAPPINESS, AND SELF-ESTEEM WHILE VALUING A SENSE OF PURPOSE AND INDEPENDENCE. IDENTIFY ADDITIONAL WAYS TO SERVE AND BENEFIT THE LOCAL COMMUNITY, OUR RESIDENTS, AND OUR STAFF MEMBERS. OVER OUR 39 PLUS YEARS OF SERVICE, OUR COMMITMENT TO THE COMMUNITY CONTINUES TO GROW AND REFLECTS THE RICH TRADITION AND LONG-STANDING VALUES OF OUR COMMUNITY. OUR GOAL IS SIMPLEWE WANT TO CONTINUE TO EMPHASIZE QUALITY AND SERVICE TO OUR RESIDENTS, STAFF, AND THE COMMUNITY AT LARGE. WE WILL CONTINUE TO BE A COMMUNITY "WHERE QUALITY OF LIFE IS CELEBRATED A COMMUNITY PARTNER COMMITTED TO MAKING A DIFFERENCE.