2025-11-03T10:01:43+00:00 2024-12-31 440160260 Forvis Mazars LLP 255 South Orange Avenue Suite 600 Orlando FL 32801 990 2024-01-01 592617174 Mayflower Retirement Center Inc MAYF 4076721620 1620 Mayflower Court Winter Park FL 327922500 Steve Kramer CHIEF EXECUTIVE OFFICER 4076721620 2025-11-03 true true Harry Harp P00176471 4077405400 2025-10-30 2024 2025-03-06 01:10:19Z Steve Kramer 1620 Mayflower Court Winter Park FL 327922500 40243828 false X WWW.THEMAYFLOWER.COM X 1973 FL TO PROVIDE HOUSING, HEALTHCARE AND PERSONAL SERVICES FOR THE ELDERLY. 12 11 476 100 0 105701 607713 34030516 37528671 -3269638 1007020 0 30866579 39143404 2346 16466 0 15223828 16442745 0 0 22389619 22917844 37615793 39377055 -6749214 -233651 214617541 218920963 196237877 199051646 18379664 19869317 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. false false 22471284 16466 24134149 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. DURING THE CURENT YEAR, THERE WERE 104,271 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 2024, THERE WERE 5,666 RESIDENT DAYS UNDER THIS CONTRACT. 8654646 9295086 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 20,553 RESIDENT DAYS. 1866863 2005010 ASSISTED LIVING - THE ORGANIZATION OFFERS 31 ASSISTED LIVING RESIDENCES. DURING THE CURRENT YEAR, THERE WERE 10,160 RESIDENT DAYS. 1950118 2094426 OTHER PROGRAM SERVICES: 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 2024, THERE WERE 6,985 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. 1950118 2094426 34942911 true false false false false false false false false true true true false true true true false true false false false false false false false false false false true true true false false false false false false false false false false false false false false false true true true false false true 115 0 true 476 true false false false false false false false false false false false false X 12 11 false false false false false false false true true false false false true true true true true true true true false false FL X CANDACE BOWLING 4076721620 1620 Mayflower Court Winter Park FL 32792 AUBREY DUCKER BOARD VICE-CHAIR 2.0 X X 0 0 0 DEAN SHAHEEN BOARD TREASURER 2.0 X X 0 0 0 JACKIE CARLIN BOARD SECRETARY 1.0 X X 0 0 0 SHAWN GARVEY BOARD CHAIR 2.0 X X 0 0 0 STEVE KRAMER PRESIDENT/CEO 40.0 X X 386568 0 9182 BARRY BLOOM BOARD MEMBER 1.0 X 0 0 0 DR TRACY RHODES BOARD MEMBER 1.0 X 0 0 0 ED KANIA BOARD MEMBER 1.0 X 0 0 0 KEN BRADLEY BOARD MEMBER 1.0 X 0 0 0 MICHELLE STRENTH BOARD MEMBER 1.0 X 0 0 0 RHONDA CHESMORE BOARD MEMBER 1.0 X 0 0 0 STEVE LEARY BOARD MEMBER 1.0 X 0 0 0 CANDACE BOWLING CFO/ASSISTANT TREASURER 40.0 X 211126 0 5747 RON BRANOM DIRECTOR OF FACILITIES OPERATIONS 40.0 X 189048 0 5360 BEN ANDERSON DIRECTOR OF HEALTH SERVICES 40.0 X 171701 0 4745 BRIAN DEVINE DIRECTOR OF NURSING 40.0 X 145724 0 3845 ELVIS BURROWS DINING SERVICES DIRECCTOR 40.0 X 151734 0 4241 ERWIN GERON MDS/UTIL REVIEW 40.0 X 127106 0 3744 TAYLOR WOMACK DIRECTOR OF MARKETING 40.0 X 143151 0 3434 1526158 0 40298 15 false true false QUINCO ELECTRICAL INC 4224 METRIC DRIVE WINTER PARK FL 32792 ELECTRICAL SERVICES 2691368 RING POWER CORPORATION PO BOX 735004 ATLANTA GA 311935004 GENERATOR RENTAL 1417180 S&S ROOFING SYSTEMS INC 2949 STATE RD 434 WEST SUITE 300 LONGWOOD FL 32779 ROOFING REPLACEMENT SERVICES 1400837 QUALITY CARE REHAB INC 8477 S SUNCOAST BLVD HOMOSASSA FL 34446 THERAPY SERVICES FOR PATIENTS 1211350 ENVIRONMENTAL PAINTING ALTERNATIVES INC 765 BIG TREE DRIVE LONGWOOD FL 32750 PAINTING SERVICES 879724 48 607713 607713 INDEPENDENT LIVING FEES 623000 15330100 15330100 HEALTHCARE SERVICE FEES 621400 9295086 9295086 EARNED ENTRANCE FEES 623000 8804049 8804049 ASSISTED LIVING REVENUE 623000 2005010 2005010 MEMORY CARE 623000 1635171 1635171 459255 459255 0 0 37528671 2107444 2107444 0 0 470206 630218 -470206 -630218 -1100424 -1100424 0 0 0 0 0 0 39143404 37528671 0 1007020 16466 16466 786742 786742 13104499 12347789 756710 158623 129791 28832 1346949 1199307 147642 1045932 952420 93512 127129 127129 124823 124823 203091 203091 438569 367066 71503 0 480457 27403 453054 436109 184642 251467 226715 113339 113376 3282322 3120801 161521 47823 17753 30070 148433 135005 13428 5271582 4902063 369519 6428995 5978346 450649 1235414 1148982 86432 FOOD SUPPLIES 1983541 1983541 MEDICAL SUPPLIES 1576074 1576074 SUPPLIES AND EQUIPMENT 675320 663931 11389 EMPLOYEE EXPENSES 136923 41350 95573 94524 36842 57682 0 39377055 34942911 4434144 0 2522558 2763507 1115520 984637 0 0 0 0 30218 40467 6196799 10171209 200043247 54227084 146652825 145816163 50937336 45268153 0 7162285 13876827 214617541 218920963 2380755 4418829 52904939 65538620 117324887 116349194 0 0 1466161 750000 22161135 11995003 196237877 199051646 X 18166639 19604852 213025 264465 18379664 19869317 214617541 218920963 X -233651 1725581 -2277 X false true true false X 2702735 1062913 230872 105701 607713 4709934 24276641 25376414 24543942 34030516 37528671 145756184 0 0 0 26979376 26439327 24774814 34136217 38136384 150466118 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 150466118 405734 678454 1275748 2277053 2107444 6744433 0 405734 678454 1275748 2277053 2107444 6744433 0 0 0 0 0 0 0 27385110 27117781 26050562 36413270 40243828 157210551 0.95710 0.96065 0.04 0.0366 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - , COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - 0; 633464 68220 23166 8110 670408 592481 71366 22798 7585 633464 718607 -95592 22442 8092 592481 652668 96702 21172 9591 718607 603710 77279 20812 7509 652668 1.0 0.0 0.0 true false 24829017 24829017 153067707 49066987 104000720 16097262 5160097 10937165 6049261 6049261 145816163 Closely-held equity interests Financial derivatives MONEY MARKET FUNDS 23535066 MUTUAL FUNDS 20651688 ALTERNATIVE INVESTMENTS 1081399 45268153 BENEFICIAL INTEREST IN COMMUNITY FOUNDATION 670408 PRE-FINANCING AND EXPANSION COSTS 10503666 INVESTMENT IN MAYFLOWER HOME HEALTH AGENCY, LLC 60952 EMPLOYEE RETENTION CREDIT 2641801 13876827 Federal Income Taxes ENTRANCE FEE DEPOSITS 1239167 ENTRANCE FEE REFUNDS PAYABLE 1525062 REFUNDABLE ENTRANCE FEES 9230774 11995003 X 40857078 1725581 189326 1914907 38942171 201233 0 201233 39143404 39367425 208069 208069 39159356 201233 16466 217699 39377055 Schedule D, Part V, Line 4 Intended uses of endowment funds 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. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote 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. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 CHANGE IN VALUE OF BENEFICIAL INTEREST IN COMMUNITY FOUNDATION - 43031 RELEASED FROM RESTRICITIONS - -16466 HHA REVENUE RECLASS - 162761 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 HHA EXPENSE RECLASS - 208069 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements RELEASED FROM RESTRICTIONS - 16466 true EMPLOYEE SCHOLARSHIPS 5 16466 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds 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 false false false false false false false false false STEVE KRAMER PRESIDENT/CEO 326349 0 40000 0 20219 0 9182 0 0 0 395750 0 0 0 CANDACE BOWLING CFO/ASSISTANT TREASURER 190590 0 12500 0 8036 0 5747 0 0 0 216873 0 0 0 RON BRANOM DIRECTOR OF FACILITIES OPERATIONS 156829 0 12000 0 20219 0 5360 0 0 0 194408 0 0 0 BEN ANDERSON DIRECTOR OF HEALTH SERVICES 133800 0 9500 0 28401 0 4745 0 0 0 176446 0 0 0 ELVIS BURROWS DINING SERVICES DIRECCTOR 132198 0 9500 0 10036 0 4241 0 0 0 155975 0 0 0 A Florida Development Finance Corporation 593270584 34061WAQ7 2020-11-10 60135000 See Supplemental Information false false false B Florida Development Finance Corporation 593270584 34061WBN3 2021-08-01 80000000 See Supplemental Information false false false A 215000 61286543 3615259 1225731 56445553 false false false true B 27720000 87264203 2824047 1745284 3285766 63579853 15829253 true false false true A false false false false false false 0.96 0 0.96 false false 0 false true B false false false false false false 0.96 0 0.96 false false 0 false true A false false false true false false 0 false false false 0 false false true B false true false false false false 0 false false false 0 false false true A true B true Schedule K, Part I, Column (f) ROW A 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, Part I, Column (f) ROW B 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. Schedule K, Part II, Line 3 COLUMN B 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, Part IV, Line 2c COLUMN A Issuer name: Florida Development Finance Corporation The calculation for computing no rebate due was performed on 11/04/2021 Form 990, Part III, Line 4d Description of other program services (Expenses $ 1,950,118 including grants of $)(Revenue $ 2,094,426) OTHER PROGRAM SERVICES: 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 2024, THERE WERE 6,985 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. Form 990, Part VI, Line 11b Review of form 990 by governing body 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, Line 12c Conflict of interest policy 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, Line 15b Process to establish compensation of other employees 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, VICE-CHAIR, AND TREASURER, 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, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VIII, Line 2f Other Program Service Revenue HOME HEALTH CARE SERVICES - Total Revenue: 459255, Related or Exempt Function Revenue: 459255, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN BENEFICIAL INTEREST IN ASSETS HELD BY COMMUNITY FOUNDATION - 43031; HHA NET INCOME RECLASS - -45308; Total - -2277; 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. 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