NORTH FLORIDA RETIREMENT VILLAGE INC

EIN: 591912330 501(c)(3) Human Services

GAINESVILLE, FL

Total Revenue
$40,054,364
Total Expenses
$36,442,713
Total Assets
$87,689,102
Net Assets
$-2,411,972
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
FL
Phone
3525548575
Tax Period
2024-01-01 to 2024-12-31

NORTH FLORIDA RETIREMENT VILLAGE INC, founded in 1979, is a mid-sized nonprofit in the Human Services sector that reported $40.1M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $36.4M left a modest 9% surplus.

Mission

TO PROVIDE SENIOR CITIZENS WITH AFFORDABLE HOUSING, MEALS, ASSISTED LIVING AND RELATED 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 (2024)

Revenue Breakdown

Contributions & Grants $175,362
Program Service Revenue $39,255,029
Investment Income $619,370
Other Revenue $4,603
TOTAL REVENUE $40,054,364

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,528,180
Fundraising Expenses $0
Program Expenses $29,462,260
Other Expenses $21,914,533
TOTAL EXPENSES $36,442,713

Year-over-Year Comparison

2024 2023 Change
Revenue $40,054,364 $36,897,866 +0.1%
Expenses $36,442,713 $34,571,519 +0.1%
Net Income $3,611,651 $2,326,347 +0.6%
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

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
525
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
5
$8,646,994
Total Directors
5
$6,903,184
Key Employees
1
$182,984
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BENJAMIN I DOERR JR TREASURER 1.0
Officer Director
$0 $0 $61,339
GLENDA E HOOD CHAIR 1.0
Officer Director
$0 $0 $74,039
JACKSON N SASSER PHD VICE CHAIR 1.0
Officer Director
$0 $0 $61,339
LAWRENCE G SCHREIBER Former President & CEO/Director 1.0
Officer Director
$0 $30,816 $6,649,928
KEVIN R MADDRON DIRECTOR 1.0
Director
$0 $0 $56,539
STEVEN ZIEGLER PRESDIENT & CLO 1.0
Officer
$0 $47,836 $1,800,349
KIMBERLY GIBERTI EXECUTIVE DIRECTOR 40.0
Key Emp
$167,250 $15,734 $182,984
JERRY W VINSON RN 40.0
Highest
$127,995 $1,751 $129,746
JESUS A NEIRA DIRECTOR OF CULINARY AND DINING SERVICES 40.0
Highest
$122,982 $832 $123,814
KENNETH W WILLNER RN 40.0
Highest
$118,518 $5,297 $123,815
THOMAS E HAMMOND DIRECTOR OF INNOVATION & TECHOLOGY 40.0
Highest
$131,841 $14,064 $145,905
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 $40,054,364 $36,442,713 $87,689,102 $3,611,651
2023 $36,897,866 $34,571,519 $86,031,328 $2,326,347
2022 $33,216,448 $32,001,664 $86,009,520 $1,214,784
2021 $31,701,368 $36,816,747 $88,376,306 $-5,115,379
2020 $32,740,071 $31,048,449 $89,998,820 $1,691,622
2019 $32,208,253 $30,286,537 $88,768,106 $1,921,716
2018 $31,222,947 $30,767,749 $87,503,441 $455,198
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