INSTITUTE FOR SENIOR LIVING OF FLORIDA INC

EIN: 200904526 501(c)(3)

BALA CYNWYD, PA

Total Revenue
$46,275,402
Total Expenses
$53,894,994
Total Assets
$115,199,259
Net Assets
$2,552,225
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
FL
Principal Officer
HOWARD JAFFE
Phone
2153466454
Tax Period
2022-01-01 to 2022-12-31

INSTITUTE FOR SENIOR LIVING OF FLORIDA INC, founded in 2004, is a mid-sized nonprofit that reported $46.3M in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $53.9M exceeded revenue, resulting in a 16% operating deficit.

Mission

INSTITUTE FOR SENIOR LIVING OF FLORIDA'S MISSION INCLUDES OPERATION OF ONE OR MORE NURSING HOMES, PROVISION OF HOUSING FOR THE ELDERLY, DEVELOPMENT OF MEDICAL PROGRAMS FOR THE CARE OF THE ELDERLY AND EDUCATION OF HEALTHCARE PERSONNEL IN PROPER CARE OF THE ELDERLY.

Program Service Accomplishments

Program 1
Expenses: $45,953,242 Revenue: $45,130,107

THE ORGANIZATION OPERATES SKILLED NURSING AND ASSISTED LIVING FACILITIES DEDICATED AND COMMITTED TO PROVIDING REHABILITATION AND LONG-TERM CARE FOR PATIENTS AND RESIDENTS, AND HOUSING AND ASSISTANCE...

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THE ORGANIZATION OPERATES SKILLED NURSING AND ASSISTED LIVING FACILITIES DEDICATED AND COMMITTED TO PROVIDING REHABILITATION AND LONG-TERM CARE FOR PATIENTS AND RESIDENTS, AND HOUSING AND ASSISTANCE FOR THOSE PERSONS REQUIRING LESSER CARE. THE ORGANIZATION PROVIDES NUMEROUS ACTIVITIES AND PROGRAMS INCORPORATING AND PROMOTING FAMILY ACTIVITIES AND INVOLVEMENT WITH RESIDENTS AND STAFF. THESE ACTIVITIES PROMOTE A NORMALIZED CARE ENVIRONMENT. THE COMBINED CAPACITY OF THE SKILLED NURSING FACILITIES IS 360 BEDS. THE COMBINED CAPACITY OF THE ASSISTED LIVING FACILITIES IS 319 UNITS. DURING THE CURRENT YEAR, THERE WERE 53,939 RESIDENT DAYS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $956,579
Program Service Revenue $45,130,107
Investment Income $188,716
Other Revenue $0
TOTAL REVENUE $46,275,402

Expense Breakdown

Grants Paid $0
Salaries & Benefits $21,202,370
Fundraising Expenses $0
Program Expenses $45,953,242
Other Expenses $32,692,624
TOTAL EXPENSES $53,894,994

Year-over-Year Comparison

2022 2021 Change
Revenue $46,275,402 $50,054,226 -0.1%
Expenses $53,894,994 $53,978,560 0.0%
Net Income $-7,619,592 $-3,924,334 +0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
N/A
Employees
728
Volunteers
3

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$49,762
Total Directors
5
$97,984
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN BUTLER ADMINISTRATOR 40.00
Highest
$246,387 $0 $246,387
ELENA CAROLINA DESMOND ADMINISTRATOR 40.00
Highest
$184,395 $8,329 $192,724
MARIA PEREZ-HERNANDEZ ADMINISTRATOR 40.00
Highest
$166,239 $13,148 $179,387
SAMUEL O IHEKWOABA REGISTERED NURSE 40.00
Highest
$159,548 $0 $159,548
MARIA MERCEDES WYNRUIT DIRECTOR OF NURSING 40.00
Highest
$141,446 $8,792 $150,238
HOWARD JAFFE PRESIDENT 2.37
Officer Director
$49,762 $0 $49,762
BRIAN M WYATT DIRECTOR 2.00
Director
$12,222 $0 $12,222
ANN MULLEN DELCOLLO DIRECTOR 2.00
Director
$12,000 $0 $12,000
NATE DUDLEY DIRECTOR 2.00
Director
$12,000 $0 $12,000
PENNY RICHMOND DIRECTOR 2.00
Director
$12,000 $0 $12,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $46,275,402 $53,894,994 $115,199,259 $-7,619,592
2021 $50,054,226 $53,978,560 $18,781,987 $-3,924,334
2020 $52,167,215 $52,368,799 $21,870,974 $-201,584
2019 $47,258,043 $48,737,632 $20,649,999 $-1,479,589
2018 $51,471,978 $50,844,663 $20,806,507 $627,315
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