PACE PARTNERS OF NORTHEAST FLORIDA INC

EIN: 364861283 501(c)(3) Human Services

Jacksonville, FL

Total Revenue
$12,768,032
Total Expenses
$14,471,616
Total Assets
$3,082,827
Net Assets
$-103,778
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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
FL
Phone
9042685200
Tax Period
2023-10-01 to 2024-09-30

PACE PARTNERS OF NORTHEAST FLORIDA INC, founded in 2013, is a mid-sized nonprofit in the Human Services sector that reported $12.8M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $14.5M exceeded revenue, resulting in a 13% operating deficit.

Mission

OPERATE A PROGRAM FOR ALL INCLUSIVE CARE TO PATIENTS WHO ARE NURSING HOME ELIGIBLE BUT CAN SAFELY REMAIN AT HOME.

Program Service Accomplishments

Program 1
Expenses: $11,096,303 Revenue: $12,741,313

PACE Partners of Northeast Florida, Inc Dba PACE Place was approved by Medicare, Medicaid and the Department of Elder Affairs to enroll its first participant on March 1, 2020. Opening its door to...

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PACE Partners of Northeast Florida, Inc Dba PACE Place was approved by Medicare, Medicaid and the Department of Elder Affairs to enroll its first participant on March 1, 2020. Opening its door to frail seniors was an idea that started over seven year earlier by Community Hospice and Palliative Care and Aging True. Currently owned solely by Community Hospice and Palliative care, PACE continues this mission. PACE (Program for All-Inclusive Care to the Elderly) is a nationally recognized model of care designed for people 55 or older who require nursing-home-level care but would rather receive it at home or in the community rather than in a nursing home. Our clinic and beautiful adult day health center are located at 5450 Ramona Boulevard, Jacksonville, FL 32205. PACE Place #1 priority is to assist elders in maintaining their independence and providing support to remain at home. The PACE team understands the demands of being a caregiver and helps with coordinating all care and services including transportation. Caregivers can relax knowing PACE Place is looking out for their loved ones. PACE Place All-Inclusive fully capitated benefit package includes: Primary Care, Hospital Care, Medical Specialty Services, Prescription Drugs (Medicare Part D Drugs), Nursing Home Services, Nursing Services, Personal Care Services, Emergency Services, Home Care, Physical Therapy, Occupation Therapy, Adult Day Health Care, Recreational Therapy, Meals, Dental Care, Nutritional counseling, Social Services, Laboratory/X-Ray, Social Work Counseling, End of Life Care and Transportation. PACE Place provides all these services on a capitated monthly rate per participant that costs less than nursing home care and PACE's receives less per participant per month from Medicaid as compared to Medicaid Long Term Managed Care Companies. Payment for PACE services can come from Medicare, Medicaid and Private Pay. Nationally, around one percent of all PACE funding comes from Private Pay and the split between dually eligible (Medicare and Medicaid) and Medicaid only is 87% dual and 13% Medicaid only. The reimbursement in Florida is higher for dually eligible participants. PACE Place enrolled 65 new participants in FY 2024 ending with a total census of 105 participants. Currently our enrolled member's payer mix is made up of 13% Medicaid only participants. This represents a lower reimbursement per participant per month while still providing all of the services.

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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 $12,741,313
Investment Income $26,719
Other Revenue $0
TOTAL REVENUE $12,768,032

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,161,635
Fundraising Expenses $0
Program Expenses $11,096,303
Other Expenses $10,309,981
TOTAL EXPENSES $14,471,616

Year-over-Year Comparison

2023 2022 Change
Revenue $12,768,032 $11,084,663 +0.2%
Expenses $14,471,616 $10,347,512 +0.4%
Net Income $-1,703,584 $737,151 -3.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
1
Employees
55
Volunteers
N/A

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
3
$1,626,059
Total Directors
5
$1,626,059
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kenneth McCosh CFO Alivia Care, Inc. 1.0
Officer Director
$0 $28,055 $344,230
Phillip Ward President & CEO Community Hospice of Northeast Florida 1.0
Officer Director
$0 $43,388 $549,732
Susan Ponder-Stansel President & CEO Alivia Care, Inc., Chair 2.0
Officer Director
$0 $96,442 $732,097
Hon Audrey Gibson Board Member 2.0
Director
$0 $0 $0
John Logue Board Member (Through December 2023) 1.0
Director
$0 $0 $0
Amy Bretz PACE - Executive Director, Ex-Officio 40.0
Highest
$147,300 $21,070 $168,370
Jose A Silva PACE -MD 40.0
Highest
$200,053 $10,237 $210,290
Mary Wynette McCrakin PACE - APRN 40.0
Highest
$118,112 $15,201 $133,313
Michelle James PACE - Center Manager 40.0
Highest
$113,598 $7,700 $121,298
Sasha Liberio PACE - Physical Therapist/ Rehab Manager 40.0
Highest
$116,188 $10,400 $126,588
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 $12,768,032 $14,471,616 $3,082,827 $-1,703,584
2023 $11,084,663 $10,347,512 $3,697,912 $737,151
2022 $6,938,030 $7,716,818 $3,324,604 $-778,788
2021 $4,993,731 $5,770,085 $2,528,576 $-776,354
2020 $878,152 $2,249,552 $2,354,598 $-1,371,400
2019 No data $447,191 $1,746,346 No data
2018 No data $184,048 $1,778,755 No data
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