ELDERTRUST OF FLORIDA INC

Address
C/O WILLIAM C MATHENEY CPA NO 101
CHATTANOOGA, TN 37421
Contact
Phone: +1 (615) 850-6007
Nonprofit
NTEE: E91 - Nursing, Convalescent Facilities
EIN: 62-1827400

Mission

SERVICES FOR THE ELDERLY.
 20172016201520142013
Basic features of the organization
Year of formation2000
Subsection code03
PF filing required0    
Metropolitan statistical area1560
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00$0.00$0.00$0.00$0.00
Number of employees00001255
Number of people compensated >$100k00000
Number of volunteers00000
Number of highly compensated contractors00001
Personnel
Matheney, William
TitleRECEIVERRECEIVERRECEIVERRECEIVER 
Name of key/compensated personWILLIAM C MATHENEYWILLIAM C MATHENEYWILLIAM C MATHENEYWILLIAM C MATHENEY 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org1.001.001.001.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Skinner, James
Title    RECEIVER
Name of key/compensated person    JAMES A SKINNER
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    0.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesPROVIDING LONG-TERM HEALTHCAREPROVIDING LONG-TERM HEALTHCAREPROVIDING LONG-TERM HEALTHCAREPROVIDING LONG-TERM HEALTHCAREPROVIDING LONG-TERM HEALTHCARE
Program service expenses, total$87,790.00$3,250,000.00$113,193.00$57,371.00$33,074,814.00
Programs, including revenue & expenses
PROVIDING LONG-TERM HEALTHCARE.
Program expenses   $57,371.00$33,074,814.00
Program revenue   $331,207.00$88,349,839.00
Program description   PROVIDING LONG-TERM HEALTHCARE.PROVIDING LONG-TERM HEALTHCARE.
SERVICES FOR THE ELDERLY.
Program expenses$87,790.00$3,250,000.00$113,193.00  
Program revenue -$143,933.00-$364,463.00  
Program descriptionSERVICES FOR THE ELDERLY.SERVICES FOR THE ELDERLY.SERVICES FOR THE ELDERLY.  
Financial data
Revenue
Total revenue$2,285,077.00-$143,933.00-$364,463.00$331,207.00$88,352,511.00
Revenue from contributions (total)  $0.00$0.00$2,672.00
Investment income, current yr$2,285,077.00-$143,933.00-$364,463.00$331,207.00$7,781.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$2,672.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$0.00$0.00$0.00$0.00$46,027,606.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)  $0.00$0.00$42,314,452.00
Gross receipts$24,301,517.00$8,360,042.00$8,850,609.00$2,378,603.00$88,352,511.00
Sources of contributions
Revenue from all other contributions    $2,672.00
Other types of revenue
Miscellaneous revenue (total)    $45,597,415.00
Income from dividends, interest, and similar investments$501,279.00$232,808.00$269,301.00 $7,781.00
Net rental income  $0.00$0.00$430,191.00
Expense categories (totals)
Total functional expenses: sum of all$87,790.00$3,367,357.00$113,193.00$57,371.00$42,898,481.00
Total functional expenses: program service $87,790.00$3,250,000.00$113,193.00$57,371.00$33,074,814.00
Total functional expenses: management and general$0.00$117,357.00$0.00$0.00$9,823,667.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Legal fees (total) $5,743.00  $71,828.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)    $2,119,386.00
Investment management fees (total)$87,790.00$103,370.00$106,011.00$8,943.00 
Assets and liabilities
Total assets$24,820,982.00$22,548,470.00$24,381,690.00$25,367,323.00$25,093,487.00
Total assets, beginning of year$22,548,470.00$24,381,690.00$25,367,323.00$25,093,487.00$27,918,059.00
Total liabilities$0.00$2,402.00$912.00$0.00$0.00
Total liabilities, beginning of year$2,402.00$912.00$0.00$0.00$48,278,602.00
Unrestricted net assets, end of yr$24,820,982.00$22,546,068.00$24,380,778.00$25,367,323.00$25,093,487.00
Net assets$24,820,982.00$22,546,068.00$24,380,778.00$25,367,323.00$25,093,487.00
Net assets, beginning of year$22,546,068.00$24,380,778.00$25,367,323.00$25,093,487.00-$20,360,543.00
Other liabilities    $0.00
Other assets    $0.00
Investments: other securities  $24,378,114.00$25,322,264.00 
Investments: publicly traded securities$24,820,982.00$22,548,470.00   
Cash: non-interest bearing    $0.00
Cash: non-interest bearing, beginning of year    $1,200.00
Inventories for sale or use    $0.00
Other financial variables
Revenue less expenses$2,197,287.00-$3,511,290.00-$477,656.00$273,836.00$45,454,030.00
Savings & temp cash investment $0.00$3,576.00$45,059.00$25,093,487.00
Accounts receivable, net    $0.00
Prepaid expenses & deferred charges    $0.00
Accounts payable & accrued expenses$0.00$2,402.00$912.00 $0.00
Total net assets or fund balances$24,820,982.00$22,546,068.00$24,380,778.00$25,367,323.00$25,093,487.00
Depreciation, depletion, amortization    $1,311,032.00
Governance and accountability
Number of voting members11110
Number of independent voting members11110
Discontinued or disposed >25% of net assets    True
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2017-01-012016-01-012015-01-012014-01-012013-01-01
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5k True   
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-05-232017-08-082016-08-222015-07-312014-10-10
IRS schema version2017v2.22016v3.02015v2.12014v5.02013v3.0
Filing identifier201800409349300530201700629349300215201630919349300708201530619349301013201421339349301012
Use these data in your project Benchmark this organization against its peers