2024-08-12T09:28:09-05:00 2023-12-31 593070669 MOORE STEPHENS LOVELACE PA 255 S ORANGE AVE 600 ORLANDO FL 32801 990 2023-01-01 592617174 MAYFLOWER RETIREMENT CENTER INC MAYF 4076721620 1620 MAYFLOWER COURT WINTER PARK FL 327922500 STEVE KRAMER CHIEF EXECUTIVE OFFICER 4076721620 2024-08-12 1 0 HARRY E HARP CPA P00176471 4077405400 2023 2024-08-08 14:25:15Z STEVE KRAMER 1620 MAYFLOWER COURT WINTER PARK FL 327922500 36925164 0 X WWW.THEMAYFLOWER.COM X 1973 FL TO PROVIDE HOUSING, HEALTHCARE AND PERSONAL SERVICES FOR THE ELDERLY. 13 12 468 100 0 0 230872 105701 24543942 34030516 1221695 -3269638 0 0 25996509 30866579 3000 2346 0 0 11587686 15223828 0 0 0 15246683 22389619 26837369 37615793 -840860 -6749214 221592860 214617541 198290543 196237877 23302317 18379664 X TO PROVIDE A QUALITY RETIREMENT COMMUNITY WHICH INCLUDES CONTINUING LIFE CARE CONSISTING OF BASIC SERVICES, AMENITIES, SECURITY, NUTRITION AND HEALTH CARE, ALL NECESSARY TO MEET THE NEEDS OF ITS RESIDENTS. 0 0 18762799 2346 19281770 INDEPENDENT LIVING - THE ORGANIZATION OFFERS 218 RESIDENTIAL APARTMENT UNITS RANGING FROM ONE BEDROOM TO TWO BEDROOM "GRANDES", 28 SINGLE-FAMILY VILLAS, AND 50 HYBRID APARTMENTS. THE MAYFLOWER OPERATES UNDER THE "CONTINUING CARE" CONCEPT IN WHICH RESIDENTS ENTER INTO AN OCCUPANCY AGREEMENT, WHICH REQUIRES PAYMENT OF A ONE-TIME ENTRANCE FEE AND A MONTHLY SERVICE FEE. GENERALLY, THESE PAYMENTS ENTITLE RESIDENTS TO THE USE AND PRIVILEGES OF THE MAYFLOWER FOR LIFE, INCLUDING CERTAIN NURSING SERVICES IN THE MAYFLOWER'S SKILLED NURSING FACILITY. THE OCCUPANCY AGREEMENT DOES NOT ENTITLE THE RESIDENTS TO AN INTEREST IN THE REAL ESTATE OR ANY PROPERTY OWNED BY THE MAYFLOWER. SEE SCHEDULE O.DURING THE CURENT YEAR, THERE WERE 94,335 RESIDENT DAYS. IN ADDITION, THE MAYFLOWER OFFERS AN EARLY ACCEPTANCE CONTRACT, WHICH ALLOWS THE RESIDENT TO REMAIN IN THEIR OWN HOME BUT HAVE THE GUARANTEE OF HEALTHCARE. DURING 2023, THERE WERE 3,495 RESIDENT DAYS UNDER THIS CONTRACT. 8717987 8959123 SKILLED NURSING - THE ORGANIZATION OFFERS 60 PRIVATE ROOMS, STATE LICENSED, MEDICARE-APPROVED HEALTH CENTER THAT HAS RECEIVED A 5-STAR RATING FROM CMS AND THE STATE OF FLORIDA, AS WELL AS THE GOVERNOR'S GOLD SEAL AWARD. THE HEALTH CENTER CONTRACTS WITH A BOARD CERTIFIED GERIATRIC PHYSICIAN. IN ADDITION, RESIDENT PHYSICIANS FROM ADVENTHEALTH GROUP COMPLETE THEIR FELLOWSHIP PROGRAMS IN THE HEALTH CENTER UNDER THE GUIDANCE OF THE CENTER'S MEDICAL DIRECTOR. DURING THE CURRENT YEAR, THERE WERE 19,871 RESIDENT DAYS. 1616696 1661413 ASSISTED LIVING - THE ORGANIZATION OFFERS 31 ASSISTED LIVING RESIDENCES. DURING THE CURRENT YEAR, THERE WERE 9,247 RESIDENT DAYS. 4017099 4128210 MEMORY SUPPORT - THE ORGANIZATION OFFERS 24 PRIVATE ROOMS IN A SECURE ENVIRONMENT DESIGNED TO SUPPORT INDIVIDUALS WITH VARIOUS MEMORY ISSUES UNDER AN ASSISTED LIVING LICENCE. DURING 2023, THERE WERE 4,599 RESIDENT DAYS. ALSO INCLUDES MISCELLANEOUS PROGRAM SERVICE REVENUE AND EXPENSES FROM MAYFLOWER HOME HEALTH AGENCY. THE HOME HEALTH AGENCY PROVIDES REHABILITATION THERAPY AND OTHER HOME HEALTH SERVICES TO THE RESIDENTS OF MAYFLOWER. 4017099 4128210 33114581 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 158 0 1 468 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X CANDACE BOWLING 4076721620 1620 MAYFLOWER COURT WINTER PARK FL 32792 STEVE KRAMER PRESIDENT/CEO 40.00 X X 349002 0 8766 DEBBIE KOMANSKI BOARD CHAIR 2.00 X X 0 0 0 AUBREY DUCKER BOARD VICE-CHAIR 2.00 X X 0 0 0 ED KANIA TREASURER 1.00 X X 0 0 0 MYRNA BIZER SECRETARY 1.00 X X 0 0 0 DREW MADSEN BOARD MEMBER 1.00 X 0 0 0 SHAWN GARVEY BOARD MEMBER 1.00 X 0 0 0 DEAN SHAHEEN BOARD MEMBER 1.00 X 0 0 0 KEN BRADLEY BOARD MEMBER 1.00 X 0 0 0 BARRY BLOOM BOARD MEMBER 1.00 X 0 0 0 DR TRACY RHODES BOARD MEMBER 1.00 X 0 0 0 JACKIE CARLIN BOARD MEMBER 1.00 X 0 0 0 STEVE LEARY BOARD MEMBER 1.00 X 0 0 0 CANDACE BOWLING CFO/ASSISTANT TREASURER 40.00 X 195883 0 5580 RON BRANOM DIRECTOR OF CONSTRUCTION 40.00 X 180407 0 5443 BEN ANDERSON HEALTH CENTER DIRECTOR 40.00 X 157763 0 4763 ELVIS BURROWS DINING SERVICES DIRECTOR 40.00 X 142464 0 2215 BRIAN DEVINE DIRECTOR OF NURSING 40.00 X 138000 0 3778 TAYLOR WOMACK DIRECTOR OF MARKETING 40.00 X 135894 0 3260 ERWIN GERON MDS/UTIL REVIEW 40.00 X 119462 0 3515 1418875 0 37320 12 0 1 0 RING POWER CORPORATION PO BOX 735004 ATLANTA GA 311935004 GENERATOR RENTAL 2116505 QUALITY CARE REHAB INC 8477 S SUNCOAST BLVD HOMOSASSA FL 34446 THERAPY SERVICES FOR PATIENTS 1247097 PREFERRED FLOORING CONTRACTORS INC PO BOX 1675 EUSTIS FL 32727 FLOORING PRODUCTS/INSTALL 1025784 DIRECT SUPPLY HEALTHCARE EQUIPMENT BOX 88201 MILWAUKEE WI 532880201 HEALTHCARE SUPPLIES AND SERVICES 726095 SYSCO FOOD SERVICE PO BOX 40 OCOEE FL 347610040 FOOD SERVICES 722614 42 105701 105701 INDEPENDENT LIVING FEES 623000 12536296 12536296 HEALTHCARE SERVICE FEES 621400 8959123 8959123 EARNED ENTRANCE FEES 623000 6745474 6745474 ASSISTED LIVING REVENUE 623000 1661413 1661413 MEMORY CARE 623000 1009728 1009728 3118482 3118482 34030516 2277053 2277053 511894 0 6058585 511894 -6058585 -5546691 -5546691 30866579 34030516 0 -3269638 2346 2346 725292 725292 12153806 11479007 674799 136117 105319 30798 1295472 1095902 199570 913141 833987 79154 61759 61759 110036 110036 42563 42563 416535 342360 74175 466133 23673 442460 381807 184066 197741 195428 123573 71855 2811208 2670084 141124 36814 14328 22486 139049 130949 8100 4907807 4563787 344020 6807840 6330635 477205 1071190 1007886 63304 FOOD SUPPLIES 1866730 1866730 MEDICAL SUPPLIES 1554037 1554037 SUPPLIES AND EQUIPMENT 713434 702525 10909 MISCELLANEOUS EXPENSE 570568 2906 567662 236681 80481 156200 37615793 33114581 4501212 0 1960437 2522558 508880 1115520 26287 30218 4802664 6196799 194451030 47798205 100443848 146652825 66804842 50937336 47045902 7162285 221592860 214617541 5091473 2380755 33204077 52904939 143894771 117324887 1466161 16100222 22161135 198290543 196237877 X 23037210 18166639 265107 213025 23302317 18379664 221592860 214617541 X -6749214 1795504 31057 X X 0 1 X 1 0 X 43211 2702735 1062913 230872 105701 4145432 24152355 24276641 25376414 24543942 34030516 132379868 24195566 26979376 26439327 24774814 34136217 136525300 0 0 0 136525300 561381 405734 678454 1275748 2277053 5198370 561381 405734 678454 1275748 2277053 5198370 394357 394357 25151304 27385110 27117781 26050562 36413270 142118027 0.96060 0.96850 0.03660 0.02580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 592481 71366 22798 7585 633464 718607 -95592 22442 8092 592481 652668 96702 21172 9591 718607 603710 77279 20812 7509 652668 532921 77944 7155 603710 1.00000 1 0 24815301 24815301 149636264 43435361 106200903 15030142 4362844 10667298 4969323 4969323 146652825 US TREASURY NOTES 11733554 F MONEY MARKET FUNDS 24785183 F MUTUAL FUNDS 14418599 F 50937336 ENTRANCE FEE DEPOSITS 1415618 ENTRANCE FEE REFUNDS PAYABLE 298860 REFUNDABLE ENTRANCE FEES 20446657 22161135 X 32816473 1795502 196955 1992457 30824016 42563 42563 30866579 37739128 168244 168244 37570884 42563 2346 44909 37615793 PART V, LINE 4: THE ENDOWMENT'S INVESTMENT POLICY IS DESIGNED TO ALLOW THE FUNDS TO BE INVESTED ON A TOTAL RETURN BASIS TO MAINTAIN AND, IF POSSIBLE, INCREASE THE REAL VALUE OF THE FUNDS, WHILE AT THE SAME TIME PROVIDING A RELATIVELY STEADY LEVEL OF DISTRIBUTIONS TO THE ORGANIZATION. PART X, LINE 2: MAYFLOWER IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF FLORIDA AND HAS BEEN GRANTED RECOGNITION OF ITS TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, INCOME EARNED IN FURTHERANCE OF MAYFLOWER'S TAX-EXEMPT PURPOSE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. MAYFLOWER HOME HEALTH IS CLASSIFIED AS A PARTNERSHIP FOR FEDERAL INCOME TAX PURPOSES AND PROVIDES SERVICES IN COLLABORATION WITH MAYFLOWER'S TAX-EXEMPT PURPOSE. AS SUCH, INCOME ATTRIBUTED TO MAYFLOWER FROM THE HOME HEALTH OPERATIONS IS TAX-EXEMPT. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS INCLUDE NO PROVISION OR LIABILITY FOR INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN COMMUNITY FOUNDATION 50,382. RELEASED FROM RESTRICTIONS -2,346. HHA REVENUE RECLASS 148,919. PART XII, LINE 2D - OTHER ADJUSTMENTS: HHA EXPENSE RECLASS 168,244. PART XII, LINE 4B - OTHER ADJUSTMENTS: RELEASED FROM RESTRICTIONS 2,346. 1 EMPLOYEE SCHOLARSHIPS 1 2346 PART I, LINE 2: THE RESIDENTS AT THE MAYFLOWER STARTED A SCHOLARSHIP FUND AND COMMITTEE TO RAISE MONEY FOR EMPLOYEES WHO ARE GOING TO SCHOOL TO HELP OFFSET THEIR EXPENSES. THE COMMITTEE MAKES THE RULES AND DECIDES HOW TO GIVE OUT THE SCHOLARSHIPS, THE REQUIREMENTS AND THE AMOUNTS TO GIVE. X X 0 0 0 0 0 0 0 0 0 STEVE KRAMER PRESIDENT/CEO 296884 0 37000 0 15118 0 8766 0 0 0 357768 0 0 0 CANDACE BOWLING CFO/ASSISTANT TREASURER 179324 0 9000 0 7559 0 5580 0 0 0 201463 0 0 0 RON BRANOM DIRECTOR OF CONSTRUCTION 153289 0 12000 0 15118 0 5443 0 0 0 185850 0 0 0 BEN ANDERSON HEALTH CENTER DIRECTOR 126686 0 8400 0 22677 0 4763 0 0 0 162526 0 0 0 A FLORIDA DEVELOPMENT FINANCE CORPORATION 593270584 34061WAQ7 2020-11-10 60135000 SEE SUPPLEMENTAL INFORMATION 0 0 0 B FLORIDA DEVELOPMENT FINANCE CORPORATION 593270584 34061WBN3 2021-08-01 80000000 SEE SUPPLEMENTAL INFORMATION 0 0 0 A 61286543 3615259 1225731 56445553 0 0 0 1 B 27245000 87264203 2824047 1745284 3285766 63579853 15829253 1 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: FLORIDA DEVELOPMENT FINANCE CORPORATION DATE THE REBATE COMPUTATION WAS PERFORMED: 11/04/2021 SCHEDULE K, PART II, COLUMN B, LINE 3 THE TOTAL PROCEEDS FOR SERIES 2021 BOND ISSUE ARE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I, COLUMN (E), THE DIFFERENCE IS AN ORIGINAL ISSUE PREMIUM OF $7,264,203. SCHEDULE K, ROW A, PART I(F) IN NOVEMBER 2020, THE FLORIDA DEPARTMENT FINANCE CORPORATION ISSUED, ON BEHALF OF THE ORGANIZATION, $60,135,000 SENIOR LIVING REVENUE BONDS (THE "SERIES 2020A BONDS") TO FUND CAPITAL ADDITIONS RELATED TO A CAMPUS EXPANSION PROJECT, FUND A DEBT SERVICE RESERVE ACCOUNT AND FUNDED INTEREST ACCOUNT, AND PAY CERTAIN COSTS OF ISSUANCE. THE SERIES 2020A BONDS ARE COLLATERALIZED BY ASSETS IN TRUST, AND A MORTGAGE ON THE LAND AND BUILDING CONSTRUCTION. SCHEDULE K, ROW B, PART I(F) IN AUGUST 2021, THE FLORIDA DEVELOPMENT FINANCE CORPORATION ISSUED, ON BEHALF OF THE ORGANIZATION, $53,650,000 SENIOR LIVING REVENUE BONDS (THE "SERIES 2021A BONDS") AND $26,350,000 SENIOR LIVING REVENUE BONDS (THE "SERIES 2021B BONDS"), COLLECTIVELY, THE "SERIES 2021 BONDS," TO REFUND THE SERIES 2012 BONDS, FUND CAPITAL ADDITIONS RELATED TO THE CAMPUS EXPANSION PROJECT, FUND A DEBT SERVICE RESERVE ACCOUNT AND FUNDED INTEREST ACCOUNT, AND PAY CERTAIN COSTS OF ISSUANCE. FORM 990, PART VI, SECTION B, LINE 11B AT THE DIRECTION OF THE BOARD OF DIRECTORS, THE FORM 990 IS REVIEWED VIA EMAIL IN ITS ENTIRETY, AND QUESTIONS AND ANSWERS RELATED TO THE RETURN ARE COMMUNICATED VIA EMAIL BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER COMPLETES A CONFLICT OF INTEREST FORM ANNUALLY. THE COMPLETED FORMS ARE REVIEWED AND MAINTAINED ON FILE AT THE DIRECTION OF THE BOARD. WHERE A CONFLICT OF INTEREST IS IDENTIFIED, A CONFLICTED BOARD MEMBER WILL BE EXCLUDED FROM DISCUSSIONS AND VOTES ON THE CONFLICTED ISSUE. CONFLICT OF INTEREST ISSUES ARE REVIEWED BY THE BOARD'S COUNSEL. FORM 990, PART VI, SECTION B, LINE 15 REVIEW AND APPROVAL OF THE COMPENSATION PACKAGE OF THE EXECUTIVE DIRECTOR HAS BEEN ASSIGNED BY THE BOARD OF DIRECTORS TO THE BOARD'S EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE CONSISTS OF THE BOARD CHAIR, SECRETARY, TREASURER, AND ONE ADDITIONAL MEMBER OF THE BOARD, ALL OF WHICH ARE INDEPENDENT REGARDING THE COMPENSATION ISSUES. COMPENSATION IS BASED ON COMPARABILITY SURVEYS AND PERFORMANCE EVALUATIONS. ALL DECISIONS REGARDING COMPENSATION ARE DOCUMENTED IN MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN ASSETS HELD BY COMMUNITY FOUNDATION 50,382. HHA NET INCOME RECLASS -19,325. FORM 990, PART XII, LINE 2C OVERSIGHT OF THE AUDIT PROCESS HAS BEEN DELEGATED BY THE BOARD OF DIRECTORS TO THE FINANCE COMMITTEE. THE COMMITTEE ADDRESSES THE SELECTION OF THE AUDIT FIRM, APPROVES THE FEES AND REVIEWS THE AUDIT RESULTS WITH THE AUDIT FIRM. THIS PROCESS IS CONSISTENT WITH PRIOR YEARS. MAYFLOWER HOME HEALTH AGENCY LLC 1620 MAYFLOWER COURT WINTER PARK FL 32792 275219456 HOME HEALTH CARE FL MAYFLOWER RETIREMENT CENTER INC RELATED -18550 108115 0 1 0.96000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0