CCRC DEVELOPMENT CORPORATION

EIN: 203537708 501(c)(3) Housing & Shelter

OVIEDO, FL

Total Revenue
$13,409,136
Total Expenses
$22,196,781
Total Assets
$167,664,067
Net Assets
$-30,825,625
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
FL
Principal Officer
ALBERT FRANCIS
Phone
4075436350
Tax Period
2023-01-01 to 2023-12-31

CCRC DEVELOPMENT CORPORATION, founded in 2005, is a mid-sized nonprofit in the Housing & Shelter sector that reported $13.4M in total revenue in fiscal year 2023. Revenue surged 115% from the prior year, signaling strong growth momentum. Expenses of $22.2M exceeded revenue, resulting in a 66% operating deficit.

Mission

TO PROMOTE EDUCATION, RESEARCH AND COMMUNITY SERVICE THROUGH OPERATION OF A RETIREMENT COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $12,288,389
Investment Income $1,120,747
Other Revenue $0
TOTAL REVENUE $13,409,136

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,883,787
Fundraising Expenses $0
Program Expenses $19,156,520
Other Expenses $18,312,994
TOTAL EXPENSES $22,196,781

Year-over-Year Comparison

2023 2022 Change
Revenue $13,409,136 $6,235,289 +1.2%
Expenses $22,196,781 $12,092,773 +0.8%
Net Income $-8,787,645 $-5,857,484 +0.5%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
10

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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALBERT FRANCIS III PRESIDENT 1.50
Director
$0 $0 $0
PHILIP ANDERSON EXECUTIVE VP/TREASURER 1.50
Officer Director
$0 $0 $0
TERRY BANGS DIRECTOR 1.50
Officer Director
$0 $0 $0
WARREN BLOOM DIRECTOR 1.50
Officer Director
$0 $0 $0
TODD BOWERS DIRECTOR 1.50
Director
$0 $0 $0
BARRY GOFF DIRECTOR 1.50
Director
$0 $0 $0
ANTHONY LIGHTMAN DIRECTOR 1.50
Director
$0 $0 $0
ADRIENNE FRAME DIRECTOR 1.50
Director
$0 $0 $0
MARY LOU SOLE DIRECTOR 1.50
Director
$0 $0 $0
ROBERT RIGEL DIRECTOR 1.50
Director
$0 $0 $0
MARGERY PABST-STEINMETZ DIRECTOR 1.50
Director
$0 $0 $0
DAVID KRAMER EXECUTIVE DIRECTOR (BEG. 12/23) 40.00
Officer
$0 $0 $0
DOMENICA WEHMANN EXECUTIVE DIRECTOR 40.00
Officer
$0 $0 $0
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
2024 No data No data No data No data
2023 $13,409,136 $22,196,781 $167,664,067 $-8,787,645
2022 $6,235,289 $12,092,773 $211,986,794 $-5,857,484
2021 $4,252 $2,250,432 $180,986,624 $-2,246,180
2020 No data $2,031,477 $177,040,822 No data
2019 No data $2,678,985 $171,112,721 No data
2018 No data $1,998,773 $21,291,651 No data
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