PALM SHORES RETIREMENT COMMUNITY INC

EIN: 583725912 501(c)(3) Housing & Shelter

ORLANDO, FL

Total Revenue
$16,722,614
Total Expenses
$16,064,239
Total Assets
$53,157,819
Net Assets
$13,476,569
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
FL
Principal Officer
JENNIFER MARTENS
Phone
4078395050
Tax Period
2024-04-01 to 2025-03-31

PALM SHORES RETIREMENT COMMUNITY INC, founded in 2001, is a mid-sized nonprofit in the Housing & Shelter sector that reported $16.7M in total revenue in fiscal year 2024. Expenses of $16.1M left a modest 4% surplus.

Mission

PALM SHORES RETIREMENT COMMUNITY, INC. IS A CHURCH RELATED, NON-PROFIT COMMUNITY SERVICE ORGANIZATION DEDICATED AND COMMITTED TO PROVIDING SERVICES FOR OLDER ADULTS AND PERSONS WITH SPECIAL NEEDS BY CREATING AND PRESERVING AN EXCELLENT RESIDENTIAL AND HEALTH CARE COMMUNITY PROMOTING WELLNESS AND ENCOURAGING ACTIVE AND HEALTHY LIFESTYLE CHOICES. PALM SHORES RETIREMENT COMMUNITY, INC. BELIEVES IN AND IS COMMITTED TO HONORING EACH PERSON'S DIGNITY, RIGHTS, SELF RESPECT AND INDEPENDENCE. PALM SHORES RETIREMENT COMMUNITY, INC. IS COMMITTED TO A PROGRAM OF STEWARDSHIP THAT RECOGNIZES ITS RESPONSIBILITY TO USE ITS RESOURCES WELL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $56,717
Program Service Revenue $16,043,252
Investment Income $558,230
Other Revenue $64,415
TOTAL REVENUE $16,722,614

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,517,678
Fundraising Expenses $76,713
Program Expenses $12,944,080
Other Expenses $9,546,561
TOTAL EXPENSES $16,064,239

Year-over-Year Comparison

2024 2023 Change
Revenue $16,722,614 $16,663,165 +0.0%
Expenses $16,064,239 $16,480,580 0.0%
Net Income $658,375 $182,585 +2.6%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
3
Employees
166
Volunteers
181

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
8
$2,907,444
Total Directors
6
$2,226,309
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN HILLENMEYER CHAIRMAN N/A
Officer Director
$0 $0 $0
DONALD DODDRIDGE CHAIRMAN N/A
Officer Director
$0 $0 $0
TERENCE ROGERS CEO/PRESIDEN N/A
Officer Director
$0 $33,597 $1,209,980
HENRY T KEITH CEO/PRESIDEN N/A
Officer Director
$0 $32,133 $714,829
HENRY T KEITH CFO/TREASUR/ N/A
Officer Director
$0 $0 $0
GARRY HENNIS COO/EXEC VP N/A
Officer
$0 $32,799 $681,135
JENNIFER MARTENS CFO/TREASUR/ N/A
Officer Director
$0 $26,215 $301,500
MEGAN FAUBEL SECRETARY N/A
Officer
$0 $0 $0
PAMELA ADAMS DIRECTOR OF 40.00
Highest
$170,575 $10,811 $181,386
ALPHONSE JOHNSON DIRECTOR OF 40.00
Highest
$162,545 $6,282 $168,827
MICHELLE MONTIEL HUMAN RESOUR 40.00
Highest
$121,431 $14,523 $135,954
HOLLIE MCAULIFFE DINING SERVI 40.00
Highest
$111,272 $11,837 $123,109
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
2025 $16,722,614 $16,064,239 $53,157,819 $658,375
2024 $16,663,165 $16,480,580 $39,523,408 $182,585
2023 $16,542,184 $16,383,630 $36,753,794 $158,554
2022 $16,521,390 $14,163,115 $37,421,751 $2,358,275
2021 $14,639,622 $11,260,624 $35,707,528 $3,378,998
2020 $13,538,680 $12,356,401 $25,232,542 $1,182,279
2019 $13,674,381 $11,494,380 $23,478,975 $2,180,001
2018 $13,401,390 $11,270,421 $21,268,714 $2,130,969
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