2017-10-30T14:02:38-05:00 2016-12-31 593070669 MOORE STEPHENS LOVELACE PA 201 EAST KENNEDY BLVD SUITE 650 TAMPA FL 33602 990 2016-01-01 591782481 CANTERBURY TOWER INC CANT 8138371083 3501 BAYSHORE BOULEVARD TAMPA FL 33629 CARIDAD VINAS EXECUTIVE DIRECTOR 8138371083 2017-10-30 1 HARRY E HARP CPA P00176471 8133142600 64.132.121.122 2017-10-30 14:20:19 ED P A6970DBB2853E0D2E5FB43C562937A4824D79D77 A6970DBB2853E0D2E5FB43C562937A4824D79D77 2016 2021-01-29 14:40:06Z CARIDAD VINAS 3501 BAYSHORE BOULEVARD TAMPA FL 33629 8442457 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 6 135 50 0 0 0 5852 8028311 8357193 150093 -49254 35942 31965 8214346 8345756 0 0 0 0 3876116 3844997 0 0 0 4143672 4121998 8019788 7966995 194558 378761 20607488 21040541 12188098 12163154 8419390 8877387 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 6497088 8389158 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, 2016, 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. 6497088 1 1 0 0 0 0 0 0 0 0 1 1 0 0 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 26 0 1 135 1 0 0 0 0 0 0 0 0 0 0 X 6 6 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 E JACKSON BOGGS EXECUTIVE CHAIRMAN 1.00 X X 6000 0 0 DOUGLAS CONNOR VICE PRESIDENT/TREASURER 1.00 X X 6000 0 0 SYLVIA VEGA-SMITH SECRETARY 1.00 X X 6000 0 0 JOEL SILVERFIELD DIRECTOR 1.00 X 2000 0 0 FORREST BOUSHALL DIRECTOR 1.00 X 2000 0 0 JACK MURRAY DIRECTOR 1.00 X 2500 0 0 CARIDAD VINAS NHA EXECUTIVE DIRECTOR 60.00 X X 276833 0 0 SCOTT BISHOP MARKETING DIRECTOR 40.00 X 107374 0 0 408707 0 0 2 0 1 0 TAYLOR MADE REHAB SERVICES 1319 FLAXWOOD AVENUE BRANDON FL 33511 THERAPY 339932 PAUL DAVIS RESTORATION 1611 ALLISON WOODS LN TAMPA FL 33619 CONSTRUCTION 257956 ALLIED BARTON SECURITY 3710 CORPOREX PARK DR TAMPA FL 33619 SECURITY SERVICES 116067 PHARMERICA PHARMACY 3802 CORPOREX PARK DR TAMPA FL 33619 PHARMACY SERVICES 113432 4 5852 5852 MAINTENANCE FEES 623000 3125229 3125229 DEFERRED REVENUE RECOG 623000 2826873 2826873 MEDICAL CENTER, NET 623000 2356137 2356137 MEALS 623000 48954 48954 8357193 47447 47447 96701 -96701 -96701 -96701 CAFE INCOME 623000 19396 19396 BEAUTY SHOP 623000 8800 8800 MISCELLANEOUS INCOME 623000 3769 3769 31965 8345756 8389158 0 -49254 X 301333 301333 2702874 2342792 360082 43185 24941 18244 571527 412278 159249 226078 187847 38231 71390 71390 26702 26702 871263 822717 48546 132442 132442 197006 146161 50845 684173 669691 14482 36470 23706 12764 6223 5162 1061 507 507 1017047 815296 201751 159274 127679 31595 DIETARY 527474 527474 SUPPLIES 201831 201148 683 REPAIRS & MAINTENANCE 97726 97726 RESIDENT ACTIVITIES 60276 60276 32194 32194 7966995 6497088 1469907 0 123885 88315 2759008 3740867 345043 315819 29370 29695 90881 38955 24983607 20424776 5124905 4558831 12078613 12176333 55783 91726 20607488 21040541 225291 661008 11727941 11238345 234866 263801 12188098 12163154 X 8419390 8877387 8419390 8877387 20607488 21040541 378761 79236 0 X X 0 1 X 1 0 X 75 5852 5927 8875214 8316877 8065315 8028311 8357193 41642910 8875289 8316877 8065315 8028311 8363045 41648837 0 84895 98526 38655 51927 274003 84895 98526 38655 51927 274003 41374834 50473 40159 37636 150093 47447 325808 50473 40159 37636 150093 47447 325808 43894 38075 42417 35942 31965 192293 8969656 8395111 8145368 8214346 8442457 42166938 0.98120 0.97760 0.00770 0.00770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 739701 739701 19278672 16267477 3011195 2076872 2030127 46745 2888362 2127172 761190 4558831 CERTIFICATES OF DEPOSIT 6053956 F MUNICIPAL BONDS 6122377 F 12176333 ADVANCE DEPOSITS 172075 CASH SURRENDER VALUE - LIABILITY 91726 263801 8424992 79236 79236 8345756 0 8345756 7966995 0 7966995 0 7966995 X X X 0 0 0 0 0 0 0 0 0 CARIDAD VINAS NHA EXECUTIVE DIRECTOR 270833 0 0 0 6000 0 0 0 0 0 276833 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 116,912. MANAGEMENT AND GENERAL EXPENSES 350. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 117,262. PLANT CONTRACT LABOR: PROGRAM SERVICE EXPENSES 174,109. MANAGEMENT AND GENERAL EXPENSES 17,147. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 191,256. DIRECTOR FEES & BENEFITS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 30,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,500. RECRUITING: PROGRAM SERVICE EXPENSES 32,628. MANAGEMENT AND GENERAL EXPENSES 549. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 33,177. THERAPY AND MEDICAL SERVICES: PROGRAM SERVICE EXPENSES 499,068. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 499,068. 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.