LIFE CARE PONTE VEDRA INC

EIN: 592555812 501(c)(3) Human Services

PONTE VEDRA BEACH, FL

Total Revenue
$47,154,928
Total Expenses
$42,836,632
Total Assets
$256,493,568
Net Assets
$-31,629,216
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
FL
Principal Officer
D BRUCE JONES
Phone
9042731701
Tax Period
2023-01-01 to 2023-12-31

LIFE CARE PONTE VEDRA INC, founded in 1983, is a mid-sized nonprofit in the Human Services sector that reported $47.2M in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. Expenses of $42.8M left a modest 9% surplus.

Mission

THE MISSION OF LIFE CARE PONTE VEDRA, INC. IS TO PROVIDE FOR THE HOUSING, PHYSICAL, EMOTIONAL, RECREATIONAL, SOCIAL, RELIGIOUS, HEALTH CARE AND FINANCIAL SECURITY NEEDS OF THE ELDERLY THROUGH THE OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY KNOWN AS VICAR'S LANDING.

Program Service Accomplishments

Program 1
Expenses: $38,168,716 Revenue: $42,659,628

LIFE CARE PONTE VEDRA, INC. ("LCPV") IS A NOT-FOR-PROFIT CORPORATION, WHICH PROVIDES HOUSING, HEALTHCARE, AND OTHER RELATED SERVICES TO SENIOR ADULTS THROUGH THE OPERATION OF TWO RETIREMENT...

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LIFE CARE PONTE VEDRA, INC. ("LCPV") IS A NOT-FOR-PROFIT CORPORATION, WHICH PROVIDES HOUSING, HEALTHCARE, AND OTHER RELATED SERVICES TO SENIOR ADULTS THROUGH THE OPERATION OF TWO RETIREMENT COMMUNITIES KNOWN AS VICAR'S LANDING LOCATED PONTE VEDRA BEACH, FLORIDA. THE VICAR'S LANDING AT SAWGRASS RETIREMENT COMMUNITY ("SAWGRASS") OPENED IN 1987 AND CONSISTS OF 227 INDEPENDENT RESIDENTIAL UNITS, 38 ASSISTED LIVING UNITS, AND A 60-BED SKILLED NURSING CENTER. SEE ADDITIONAL INFORMATION ON SCHEDULE O.THE VICAR'S LANDING AT OAK BRIDGE RETIREMENT COMMUNITY ("OAK BRIDGE") OPENED IN AUGUST 2022 AND WHEN PHASE I OF THE EXPANSION IS COMPLETED WILL INCLUDE 109 INDEPENDENT LIVING UNITS. PHASE II OF THE OAK BRIDGE CAMPUS HAS STARTED AND INCLUDES AN ADDITIONAL 33 INDEPENDENT UNITS ANTICIPATED TO BE COMPLETED IN THE SPRING OF 2024, AND REMAINING PHASES WILL INCLUDE INDEPENDENT LIVING UNITS AND ASSISTED LIVING/MEMORY CARE UNITS AND RELATED COMMON AREAS ON AN APPROXIMATELY 42-ACRE PARCEL OF LAND LOCATED LESS THAN ONE MILE FROM THE SAWGRASS CAMPUS.THE SOLE CORPORATE MEMBER OF LCPV IS LIFE CARE PASTORAL SERVICES, INC. (LCPS). LCPS IS ALSO THE SOLE CORPORATE MEMBER OF LCPS MANAGEMENT, INC. LCPS MANAGEMENT PROVIDES MANAGEMENT, OPERATIONAL, AND ADMINISTRATIVE SERVICES FOR THE ORGANIZATION AND OTHER LCPS ENTITIES.

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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 $3,350,820
Program Service Revenue $42,548,857
Investment Income $1,144,480
Other Revenue $110,771
TOTAL REVENUE $47,154,928

Expense Breakdown

Grants Paid $97,598
Salaries & Benefits $14,231,781
Fundraising Expenses $0
Program Expenses $38,168,716
Other Expenses $28,507,253
TOTAL EXPENSES $42,836,632

Year-over-Year Comparison

2023 2022 Change
Revenue $47,154,928 $27,165,811 +0.7%
Expenses $42,836,632 $29,343,102 +0.5%
Net Income $4,318,296 $-2,177,291 -3.0%
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
7
Independent Members
7
Employees
541
Volunteers
22

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
6
$1,137,415
Total Directors
7
$0
Key Employees
1
$242,319
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE SHEPHERD CHAIR 1.00
Officer Director
$0 $0 $0
CHRISTINE NG VICE CHAIR 1.00
Officer Director
$0 $0 $0
KENT NEW BOARD MEMBER 1.00
Director
$0 $0 $0
MISSY DEKAY BOARD MEMBER 1.00
Director
$0 $0 $0
ROB STURSBERG BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE CROSBY FINANCE CHAIR 1.00
Director
$0 $0 $0
TOM REEDER BOARD MEMBER 1.00
Director
$0 $0 $0
D BRUCE JONES CHIEF EXECUTIVE OFFICER 20.00
Officer
$0 $36,046 $382,292
DALE PIRKLE CHIEF OPERATING OFFICER 33.10
Officer
$0 $0 $251,821
DARREN ROY CHIEF FINANCIAL OFFICER 24.00
Officer
$0 $32,318 $275,801
KENDALL BRYAN DIRECTOR OF HEALTH SERVICE 33.00
Officer
$0 $30,000 $227,501
THERESA M CROSBY DIRECTOR OF SALES AND MARK 40.00
Key Emp
$220,787 $21,532 $242,319
KRISTINA DIAZ DIRECTOR OF NURSING 40.00
Highest
$104,507 $13,025 $117,532
ALEXIS GONZALES DIRECTOR OF THERAPY 40.00
Highest
$122,115 $4,885 $127,000
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 $47,154,928 $42,836,632 $256,493,568 $4,318,296
2022 $27,165,811 $29,343,102 $243,553,471 $-2,177,291
2021 $26,996,268 $26,145,594 $208,113,765 $850,674
2020 $26,399,318 $25,408,887 $123,942,658 $990,431
2019 $23,888,073 $23,382,943 $71,347,884 $505,130
2018 $22,540,957 $23,166,689 $70,568,009 $-625,732
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