2011-08-11T13:42:13-05:00 2010-12-31 MOORE STEPHENS LOVELACE PA 311 PARK PLACE BLVD SUITE 100 CLEARWATER FL 33759 990 2010-01-01 591782481 CANTERBURY TOWER INC CANT 8138371083 3501 BAYSHORE BOULEVARD TAMPA FL 33629 CARIDAD VINAS 8138371083 2011-08-11 1 KARIN E VICKERS 7275314477 2010 2016-02-24 21:20:13Z CARIDAD VINAS 3501 BAYSHORE BOULEVARD TAMPA FL 33629 7641185 0 X WWW.CANTERBURYTOWERS.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 CONTINUING CARE RETIREMENT COMMUNITY. 5 5 161 50 0 0 0 0 7797121 7551203 45269 55094 485285 34157 8327675 7640454 0 0 0 0 3685999 3337512 0 0 0 3931632 4074836 7617631 7412348 710044 228106 17062124 17482690 10749249 10941709 6312875 6540981 X 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 AGREEEMENT 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 6528610 7584629 THE ORGANIZATION PROVIDES HOUSING, HEALTH CARE, AND OTHER PERSONAL SERVICES FOR THE ELDERLY. AS OF DECEMBER 31, 2010, THERE WERE 124 INDEPENDENT LIVING APARTMENTS AND 60 BEDS IN THE SKILLED NURSING FACILITY. 6528610 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 1 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 161 1 0 0 0 0 0 0 0 0 0 0 X 5 5 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 1.00 X X 6000 0 0 C PARKER WOOD 1.00 X X 5000 0 0 DOUGLAS CONNER 1.00 X 5000 0 0 JOHN TAPLEY 1.00 X 6000 0 0 SYLVIA SMITH VEGA 1.00 X 6000 0 0 JACK MURRAY 1.00 X 4000 0 0 CARIDAD VINAS NHA 60.00 X X 185250 0 0 217250 0 0 1 0 1 0 UNITED HEALTHCARE INSURANCE CO DEPT CH 10151 PALATINE IL 60055 EMPLOYEE HEALTH INS. 387793 SYSCO WEST COAST PO BOX 1839 PALMETTO FL 34220 FOOD 381038 BROWN & BROWN PO BOX 15519 TAMPA FL 33684 INSURANCE 348764 REHAB CARE PO BOX 503534 ST LOUIS MI 63150 THERAPY 292544 RESIDENTIAL DEIGN CORP 3315 BRIARWOOD CIRCLE SAFETY HARBOR FL 34695 CONSTRUCTION 191042 7 HEALTH CARE CENTER 623000 2973114 2973114 MAINTENANCE FEES 623000 2903213 2903213 EARNED ENDOWMENT FEE 623000 1474537 1474537 MEALS 623000 200339 200339 7551203 55825 55825 731 -731 -731 -731 OTHER INCOME 623000 34157 34157 34157 7640454 7584629 0 55825 185250 185250 2434733 2161650 273083 497360 441734 55626 220169 182782 37387 69737 69737 26414 26414 168426 168426 696373 599851 96522 22843 12505 10338 21328 21328 886183 886183 348285 348285 OUTSIDES SERVICES 592155 592155 DIETARY 549744 549744 SUPPLIES 173745 171751 1994 LICENSES & FEES 112836 34331 78505 EQUIPMENT 97912 97912 308855 259973 48882 7412348 6528610 883738 0 1567978 1833928 269684 395733 34171 40030 124382 108273 19722836 15539211 4688995 4183625 10376914 10921101 17062124 17482690 416175 302772 10300018 10595481 33056 43456 10749249 10941709 X 6312875 6540981 6312875 6540981 17062124 17482690 228106 0 X X 0 1 1 X 0 X 5830 2650 8480 6854762 8157527 8703111 7797121 7551203 39063724 6860592 8160177 8703111 7797121 7551203 39072204 0 240392 135039 102949 71440 549820 240392 135039 102949 71440 549820 38522384 276926 418417 381047 52136 55094 1183620 276926 418417 381047 52136 55094 1183620 7888 48615 14520 485285 34157 590465 7145406 8627209 9098678 8334542 7640454 40846289 0.94310 0.93500 0.02900 0.03300 X 1082785 1082785 15483457 12760637 2722820 3156594 2778574 378020 4183625 ASSETS WHOSE USE IS LIMITED 2199373 F CERTIFICATES OF DEPOSIT 8213809 F CASH AND CASH EQUIVALENTS 501978 F ACCRUED INTEREST 5941 F 10921101 ADVANCE DEPOSITS 43456 43456 7640454 7412348 228106 0 228106 7643416 2962 2962 7640454 0 7640454 7413079 731 731 7412348 0 7412348 PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INVESTMENT 2,231. LOSS ON DISPOSAL OF FIXED ASSETS INCLUDED IN EXPENSES 731. PART XIII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS INCLUDED IN REVENUE 731. X X X 0 0 0 0 0 0 0 0 0 CARIDAD VINAS NHA 185250 0 0 0 0 0 0 0 0 0 185250 0 0 0 FOWLER WHITE BANKER AND BOGGS LAW FIRM 64000 JACKSON BOGGS IS A BOARD MEMBER AND A PARTNER WITH FOWLER, WHITE, BANKER AND BOGGS LEGAL FIRM. THE LEGAL FIRM IS THE UTILIZED BY CANTERBURY TOWER, INC. FOR LEGAL REPRESENTATION. 0 FORM 990, PART VI, SECTION B, LINE 11 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. OVERSIGHT OF AUDIT FORM 990, PART XII, LINE 2C 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.