Plymouth Harbor Inc in Sarasota, Florida (FL)

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Plymouth Harbor Inc
Employer Identification Number (EIN)591031820
Name of OrganizationPlymouth Harbor Inc
Address700 John Ringling Blvd, Sarasota, FL 34236-1542
ActivitiesHousing for the aged (see also 153)
SubsectionCharitable Organization
Ruling Date08/1964
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$56,538,100
Amount of Income$18,939,718
Form 990 Revenue Amount$18,939,718
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Nursing, Convalescent Facilities


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Amount of income in 2012: $18,939,718
Plymouth Harbor Inc: 

 $18,939,718
Other organizations performing similar types of work: 

 $4,876,673

Assets in 2012: $56,538,100
Plymouth Harbor Inc: 

 $56,538,100
Other organizations performing similar types of work: 

 $4,267,639

Expenses in 2002: $13,898,636
Plymouth Harbor Inc: 

 $13,898,636
Other organizations performing similar types of work: 

 $11,200,090

Income to expenses ratio in 2002: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2002: 49.5%
This organization: 

 49.5%
Other organizations performing similar types of work: 

 85.0%

Number of employees in 2002: 229
This organization: 

 229
Other organizations performing similar types of work: 

 163

Employees paid over $50,000 in 2002: 3.9%
This organization: 

 3.9%
Other organizations performing similar types of work: 

 3.7%

Grants share in income in 2002: 7.1%
This organization: 

 7.1%
Other organizations performing similar types of work: 

 1.3%

Financial snapshot ($)

Revenue for 2002

Assets at end of 2002

Expenses for 2002

Functional Expenses for 2002 ($)

Income-Producing Activities for 2002

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20012002
Total revenue$14,223,294$12,877,124
Contributions, gifts, grants, and similar amounts received$2,030,833$909,696
Contributions to donor advised funds
Direct public support$2,030,833$909,696
Indirect public support$0$0
Government contributions (grants)$0$0
Program service revenue including government fees and contracts$11,485,888$11,657,942
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$349,094$209,255
Dividends and interest from securities$0$0
Net rental income or (loss)$0$0
Gross rents$0$0
Less: rental expenses$0$0
Other investment income$0$0
Gain or (loss) from sales of assets other than inventory$-150,864$-57,074
Gross amount from sales of assets other than inventory$1,925$0
Less: cost or other basis and sales expenses$152,789$57,074
Net income or (loss) from special events and activities$0$0
Gross revenue$0$0
Less: direct expenses other than fundraising expenses$0$0
Gross profit or (loss) from sales of inventory$0$0
Gross sales of inventory, less returns and allowances$0$0
Less: cost of goods sold$0$0
Other revenue$508,343$157,305
Total expenses$13,567,781$13,898,636
Program services$6,379,899$6,875,364
Management and general$7,187,882$7,023,272
Fundraising$0$0
Payments to affiliates$0$0
Net assets or fund balances at end of year$9,676,847$8,462,918
Excess or (deficit) for the year$655,513$-1,021,512
Net assets or fund balances at beginning of year$9,185,017$9,676,847
Other changes in net assets or fund balances$-163,683$-192,417
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$13,898,636$6,875,364$7,023,272$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$344,287$0$344,287$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$1,713,881$936,801$777,080$0
Equipment rental and maintenance$1,326,705$0$1,326,705$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$11,025$0$11,025$0
Depreciation, depletion, etc.$1,984,618$0$1,984,618$0
Other expenses not covered above$8,518,120$5,938,563$2,579,557$0
Balance Sheets
20012002
Total assets$32,104,301$31,750,131
Cash - non-interest-bearing$396,547$560,078
Savings and temporary cash investments$0$0
Accounts receivable less allowance for doubtful accounts$348,214$305,814
Pledges receivable less allowance for doubtful accounts$0$0
Grants receivable$641,273$436,481
Receivables from current and former officers, directors, trustees, and key employees$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0
Inventories for sale or use$64,396$63,935
Prepaid expenses and deferred charges$131,265$255,961
Investments - publicly-traded securities
Investments - other securities$6,661,030$4,755,825
Investments - land, buildings, and equipment less accumulated depreciation$0$0
Investments - other$0$0
Land, buildings, and equipment less accumulated depreciation$23,734,212$25,304,679
Other assets, including program-related investments$127,364$67,358
Total liabilities$22,427,454$23,287,213
Accounts payable and accrued expenses$2,136,072$1,315,754
Grants payable$0$0
Deferred revenue$0$0
Loans from officers, directors, trustees, and key employees$0$0
Tax-exempt bond liabilities$0$0
Mortgages and other notes payable$110,591$211,070
Other liabilities$20,180,791$21,760,389
Total liabilities and net assets/fund balances$32,104,301$31,750,131
Total net assets or fund balances$9,676,847$8,462,918
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20012002
Total revenue$14,223,294$12,877,124
Total revenue, gains, and other support per audited financial statements$14,059,611$12,684,707
Other expenses$-163,683$-192,417
Net unrealized gains on investments$-163,683$-192,417
Donated services and use of facilities$0$0
Recoveries of prior year grants$0$0
Other$0$0
Other revenue$0$0
Investment expenses$0$0
Other$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20012002
Total expenses$13,567,781$13,898,636
Total expenses and losses per audited financial statements$13,567,781$13,898,636
Other revenue$0$0
Donated services and use of facilities$0$0
Prior year adjustments$0$0
Losses$0$0
Other$0$0
Other expenses$0$0
Investment expenses$0$0
Other$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 2006229
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$152,181$11,815,247
Program service revenue
Program service revenue 1000000$000$0$9,489,100
Program service revenue 2000000$000$0$1,763,719
Program service revenue 3000000$000$0$405,123
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$209,255$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-57,074$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$157,305
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$60,747$0$0
$60,635$0$0
$56,286$0$0
$54,874$0$0
$54,388$0$0
Total number of other employees paid over $50,0004
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
20002001
Total$12,396,292$15,406,974
Gifts, grants, and contributions received$1,268,597$2,158,630
Membership fees received$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$10,837,760$12,916,300
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$289,935$332,044
Net income from unrelated business activities not included above$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0
Other income$0$0
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$20,294,741
Contributions, Gifts, Grants and Other Similar Amounts$114,106
Program Service Revenue$20,295,191
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$81,689
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net loss from sales of assets other than inventory$-265,754
Gross amount from sales of assets other than inventory (Securities / Other)$139,132 / $2,495
Less: cost or other basis and sales expenses (Securities / Other)$0 / $407,381
Gain or (loss) (Securities / Other)$139,132 / $-404,886
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$69,509
Statement of Functional Expenses (for 2011)
Total functional expenses$18,880,194
Compensation of current officers, directors, trustees, and key employees$368,191
Other salaries and wages$6,451,086
Payroll taxes$514,338
Professional fundraising services$0
Other$11,546,579
Balance Sheet (for 2011)
Total assets$49,451,005
Total liabilities$41,760,351
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$4,471,976
Unsecured notes and loans payable to unrelated third parties$0
Other$37,288,375
Total net assets or fund balances$7,690,654
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$92,637,839
Gifts, grants, contributions, and membership fees received$2,538,591
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$88,540,024
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$1,559,224
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Cobble Hill Health Center Inc380 Henry St, Brooklyn, NY 11201-6048NY1977-03$62,098,806
2Eger Health Care And Rehabilitation Center140 Meisner Ave, Staten Island, NY 10306-1236NY1988-04$43,703,687
3Citizens Memorial Health Care, Foundation1500 N Oakland Ave, Bolivar, MO 65613-3011MO1987-07$39,933,814
4St Barnabus Nursing Home Inc2175 Quarry Rd, Bronx, NY 10457-1663NY1991-09$30,335,999
5United Odd Fellow And Rebekah Home, Not In Gen 00281070 Havemeyer Ave, Bronx, NY 10462-5310NY1962-05$29,232,594
6Charles T Sitrin Health Care Center Inc2050 Tilden Ave, New Hartford, NY 13413-3613NY1996-08$25,205,710
7South Carolina Episcopal Home At Still Hopes1 Still Hopes Dr, West Columbia, SC 29169-7164SC1978-01$23,763,557
8Richfield Nursing CenterPO BOX 3240, Salem, VA 24153-0647VA1940-06$21,176,235
9Plymouth Harbor Inc700 John Ringling Blvd, Sarasota, FL 34236-1542FL1964-08$18,939,718
10Promesa Residential Health Care Facility Inc1776 Clay Ave, Bronx, NY 10457-7239NY1992-10$18,846,271
11American Baptist Homes Of Washington, Judson Park Retirement Community6120 Stoneridge Mall Road 3rd Fl, Pleasanton, CA 94588-3296CA1995-01$18,634,010
12Glade Valley Nursing & Rehabilitation Center Inc1801 Research Blvd Ste 400, Rockville, MD 20850-3184MD1996-10$12,026,195
13Ebenezer Ridges2722 Park Ave, Minneapolis, MN 55407-1009MN1977-02$11,323,503
14Independent Order Of Odd Fellows, Meadows Of Napa Valley1800 Atrium Pkwy, Napa, CA 94559-4837CA1962-05$10,186,492
15Orchard Manor Inc20 Orchard Dr, Grove City, PA 16127-6328PA1983-05$9,885,713
16Friendship Health Center3320 Se Holgate Blvd, Portland, OR 97202-3459OR1962-05$9,256,244
17Catherine Field HomePO BOX 222, Yorktown Hts, NY 10598-0222NY1997-05$8,938,853
18Wood-Lawn Inc2901 Neeley St, Batesville, AR 72501-6223AR1974-08$8,434,232
19Little Sisters Of The Poor930 S Wynn Rd, Oregon, OH 43616-3530OH1946-03$4,932,158
20Pioneer Memorial Care Center23028 347th St Se, Erskine, MN 56535-9466MN1964-09$4,864,056
21Willard F Bond Home7521 Old Canton Rd, Madison, MS 39110-8669MS1948-09$1,912,596
22Booth Manor Of St Louis Inc3133 Iowa St, Saint Louis, MO 63118MO1998-04$480,357
23Fannie E Taylor Home For The Aged Care Center Inc6601 Chester Ave, Jacksonville, FL 32217-2252FL1983-05$10,649,675
24Guardian Care Inc2500 W Church St, Orlando, FL 32805-2330FL1971-06$9,959,810
25Health Facilities Inc7280 Sw State Road 26, Trenton, FL 32693-5881FL1991-08$6,343,937
26Hamilton Health Enterprises Inc Suwannee Valley Nursing Center427 15th Ave Nw, Jasper, FL 32052-5874FL1985-05$5,101,884
27Florida Christian Homes Senior Housing Inc5550 26th St W Ste 3, Bradenton, FL 34207-3514FL1996-05$4,283,059
28Gadsden Home IncPO BOX 109, Quincy, FL 32353-0109FL1966-07$1,150,663
29Florida Living Nursing CenterPO BOX 2626, Winter Park, FL 32790-2626FL1984-05$896,657
30Resthaven Of Hardee County Inc298 Resthaven Rd, Zolfo Springs, FL 33890-9500FL1985-01$469,664
Number of organizations performing similar types of work
Alaska1
Alabama5
Arkansas6
Arizona5
California27
Colorado5
Connecticut12
Delaware3
Florida14
Georgia10
Hawaii1
Iowa27
Idaho2
Illinois26
Indiana10
Kansas18
Kentucky5
Louisiana8
Massachusetts35
Maryland18
Maine6
Michigan17
Minnesota25
Missouri25
Mississippi3
Montana2
North Carolina9
North Dakota13
Nebraska10
New Hampshire3
New Jersey9
New Mexico3
New York67
Ohio21
Oklahoma6
Oregon4
Pennsylvania35
Rhode Island6
South Carolina5
South Dakota9
Tennessee11
Texas29
Utah1
Virginia14
Vermont2
Washington10
Wisconsin15
West Virginia7
Wyoming3
Total608

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