NORTH FLORIDA RETIREMENT VILLAGE I… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

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

THE MISSION OF NORTH FLORIDA RETIREMENT VILLAGE, INC. IS TO PROVIDE AFFORDABLE HOUSING, MEALS, ASSISTED LIVING, CONGREGATE CARE AND RELATED SERVICES TO SENIOR CITIZENS. SERVICES ARE PROVIDED 24 HOURS A DAY, 7 DAYS A WEEK, 365 DAYS A YEAR TO AN AVERAGE OF APPROXIMATELY 602 SENIOR CITIZEN RESIDENTS PER DAY. TO THE EXTENT OF ITS FINANCIAL ABILITY, NORTH FLORIDA RETIREMENT VILLAGE, INC. MAKES EVERY EFFORT TO CONTINUE PROVIDING SERVICES TO RESIDENTS WHO BECOME UNABLE TO PAY.

Program Service Accomplishments

Program 1

Expenses: $10,594,491 Revenue: $9,606,858

NORTH FLORIDA RETIREMENT VILLAGE, INC. PROVIDED CLEANING, LAUNDRY, MAINTENANCE, SECURITY AND UTILITIES TO SENIOR CITIZENS IN RESIDENTIAL UNITS. THE AVERAGE NUMBER OF UNITS SERVED PER DAY IN 2024 WERE...

Program 2

Expenses: $8,418,664 Revenue: $7,639,103

NORTH FLORIDA RETIREMENT VILLAGE, INC. PROVIDED THREE MEALS DAILY TO SENIORS AND TRAY SERVICE TO INDIVIDUALS LOCATED IN THE ASSISTED LIVING AREAS OR THOSE UNABLE TO LEAVE THEIR APARTMENTS. TOTAL...

NORTH FLORIDA RETIREMENT VILLAGE, INC. PROVIDED THREE MEALS DAILY TO SENIORS AND TRAY SERVICE TO INDIVIDUALS LOCATED IN THE ASSISTED LIVING AREAS OR THOSE UNABLE TO LEAVE THEIR APARTMENTS. TOTAL MEALS SERVED IN 2024 WERE 418,385.

Program 3

Expenses: $8,037,413 Revenue: $19,555,608

NORTH FLORIDA RETIREMENT VILLAGE, INC. PROVIDED ASSISTED LIVING SERVICES FOR INDIVIDUALS WHO ARE UNABLE TO PERFORM ONE OR MORE BASIC ACTIVITIES OF DAILY LIVING (ADL) FOR THEMSELVES. TOTAL...

NORTH FLORIDA RETIREMENT VILLAGE, INC. PROVIDED ASSISTED LIVING SERVICES FOR INDIVIDUALS WHO ARE UNABLE TO PERFORM ONE OR MORE BASIC ACTIVITIES OF DAILY LIVING (ADL) FOR THEMSELVES. TOTAL RESIDENT-DAYS SERVED IN 2024 WERE 44,662.

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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%)

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

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

$8,646,994

Total Directors

$6,903,184

Key Employees

$182,984

Highest Compensated

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

NORTH FLORIDA RETIREMENT VILLAGE INC