Nonprofit · EIN 26-2386152
BONITA SPRINGS RETIREMENT VILLAGE INC
Also known as STEVEN ZIEGLER SOLE MBR, THE TERRACES AT BONITA SPRINGS
Tax-exempt · FT WASHINGTON, PA 19034
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $24,394,854 | $32,592,839 | -$8,197,985 | $134,900,714 | $134,834,580 | $66,134 |
| December 31, 2023 | 990 | $23,268,016 | $29,175,825 | -$5,907,809 | $100,350,922 | $190,812,425 | -$90,461,503 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $69,665
- Program service revenue
- $23,572,077
- Investment income
- $624,805
- Net rental income
- $24,327
- Net gain from sales of assets
- $1,421
- Tax-exempt bond proceeds
- $41,508
- Other revenue
- $128,307
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $9,136,949
- Salaries, compensation and benefits (total)
- $10,670,948
- Professional fundraising fees
- $0
- Legal fees
- $3,210,466
- Accounting fees
- $50,356
- Occupancy
- $2,586,948
- Travel
- $43,455
- Depreciation
- $3,523,096
- Program services (functional)
- $24,542,118
- Management and general (functional)
- $8,050,721
Balance sheet and other
- Total assets, start of year
- $100,350,922
- Total assets, end of year
- $134,900,714
- Total liabilities, end of year
- $134,834,580
- Net assets, end of year
- $66,134
- Land, buildings and equipment
- $108,753,322
- Publicly traded securities
- $12,613,718
- Net assets without donor restrictions
- -$291,916
- Net assets with donor restrictions
- $358,050
- Gross receipts
- $24,418,726
- Employees
- 306
- Volunteers
- 2
- Year formed
- 2008
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LAWRENCE G SCHREIBER | PRESIDENT & CEO (THRU 10/31/2024) Trustee or director, Officer | 1 | $0 | $6,604,896 | $60,303 |
| STEVEN ZIEGLER | PRESIDENT & CLO (THRU 10/31/2024) Officer | 1 | $0 | $1,752,513 | $55,883 |
| GERALD T GRANT | CEO/CHAIRMAN/DIRECTOR (EFF. 11/1/24) Trustee or director, Officer | 1 | $0 | $873,088 | $922,751 |
| GLENN D FOX | ASSISTANT SECRETARY (EFF. 11/1/24) Officer | 1 | $0 | $499,910 | $493,396 |
| KAREN I CHRISTIANSEN | PRES./VICE CHAIR/DIR.(EFF. 11/1/24 Trustee or director, Officer | 1 | $0 | $637,993 | $276,649 |
| JONATHAN D GRANT | ASSISTANT SECRETARY (EFF. 11/1/24) Officer | 1 | $0 | $458,040 | $144,921 |
| MICHELE WASSERLAUF | EXECUTIVE DIRECTOR Highest-paid employee | 45 | $27,914 | $328,858 | $93,187 |
| SUSAN AHERN | TREASURER (EFF. 11/1/24) Officer | 1 | $0 | $367,783 | $33,889 |
| PEGGY C VALDIVIA | ASSISTANT TREASURER (EFF. 11/1/24) Officer | 1 | $0 | $253,989 | $22,383 |
| DAVID GRAY | NURSING HOME ADMINISTRATOR Highest-paid employee | 40 | $174,711 | $0 | $8,376 |
| LISA COX | DIRECTOR OF NURSING Highest-paid employee | 40 | $141,345 | $0 | $12,619 |
| RACHEL HENDERSON | SR MANAGER OF COMMUNITY SALES & MARKETING Highest-paid employee | 40 | $128,090 | $0 | $18,942 |
| KELLY MAIER | LIFE CARE CONSULTANT Highest-paid employee | 40 | $126,750 | $0 | $6,790 |
| ELRIC C GERNER | SECRETARY (EFF.11/1/24) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES T GLYNN | DIRECTOR (EFF. 11/1/24) Trustee or director | 1 | $0 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GLENDA EVANS HOOD | CHAIR (THRU 10/31/2024) Trustee or director, Officer | 1 | $0 |
| JACKSON NORMAN SAAER PHD | VICE CHAIR (THRU 10/31/2024) Trustee or director, Officer | 1 | $0 |
| BENJAMIN IRVING DOERR JR | TREASURER (THRU 10/31/2024) Trustee or director, Officer | 1 | $0 |
| KEVIN R MADDRON | DIRECTOR (THRU 10/31/2024) Trustee or director, Officer | 1 | $0 |
| DAVID STEWART | DIRECTOR (THRU 10/31/2024) Trustee or director | 1 | $0 |
| STUART WALKER | DIRECTOR (THRU 10/31/2024) Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LAWRENCE G SCHREIBER | PRESIDENT & CEO Trustee or director, Officer | 1 | $0 | $6,073,583 | $30,000 |
| STEVEN ZIEGLER | PRESIDENT AND CLO Officer | 1 | $0 | $1,314,158 | $29,004 |
| GLENDA EVANS HOOD | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JACKSON NORMAN SASSER PHD | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BENJAMIN IRVING DOERR JR | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KEVIN R MADDRON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID STEWART | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STUART WALKER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 420 DELAWARE DR, FT WASHINGTON, PA 19034-2711
- In care of
- % CAMILLA WALKER
- Mailing address (990-N for 2008)
- POBOX 749, GAINESVILLE FL 326020749
- Principal officer (990 for 2024)
- GERALD T GRANT, 420 DELAWARE DRIVE, FORT WASHINGTON, PA 19034
- Principal officer (990-N for 2008)
- MICHAEL P GALLAGHER, 4300 NW 89TH BLVD, GAINESVILLE FL 326065688
- Signed the 990
- SUSAN AHERN, TREASURER
- Phone
- (215) 661-8330
- Website
- WWW.ACTSRETIREMENT.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
BONITA SPRINGS RETIREMENT VILLAGE, INC. DBA THE TERRACES AT BONITA SPRINGS IS COMMITTED TO PROVIDING SECURITY AND PEACE OF MIND TO SENIORS BY BEING THE PRE-EMINENT PROVIDER OF RETIREMENT-LIFE SERVICES, RESPONSIVE TO INDIVIDUAL, SOCIAL, PERSONAL, HEALTH AND SPIRITUAL NEEDS IN A CHRISTIAN ATMOSPHERE GRACED WITH LOVING-KINDNESS, DIGNITY, SENSITIVITY, HONESTY, AND RESPECT WITHOUT PREJUDICE OR PREFERENCE.
Program accomplishments
- BONITA SPRINGS RETIREMENT VILLAGE, INC. DBA THE TERRACES AT BONITA SPRINGS PROVIDES LIFE CARE SERVICES TO SENIOR ADULTS AGED 62 AND OLDER THAT INCLUDE INDEPENDENT LIVING HOUSING, DINING AND NUTRITIONAL SERVICES, PASTORAL SERVICES, SECURITY, HOUSEKEEPING, MAINTENANCE SERVICES AND SOCIAL, CULTURAL, EDUCATIONAL, SPIRITUAL AND RECREATIONAL ACTIVITIES. IN ADDITION, WHEN A RESIDENT'S HEALTH CARE NEEDS CHANGE, BONITA SPRINGS RETIREMENT VILLAGE, INC. DBA THE TERRACES AT BONITA SPRINGS OFFERS ASSISTED LIVING, MEMORY CARE, SKILLED NURSING CARE AND HOSPICE SERVICES. AT DECEMBER 31, 2024, BONITA SPRINGS RETIREMENT VILLAGE, INC. DBA THE TERRACES AT BONITA SPRINGS SERVED 145 RESIDENTS IN INDEPENDENT LIVING, 62 RESIDENTS IN ASSISTED LIVING, AND 31 RESIDENTS IN SKILLED CARE.Expenses $24,542,118 · revenue $23,572,077
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-2386152
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $134,900,714
- Income (IRS master file)
- $24,418,726
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $24,394,854 | $32,592,839 | $134,900,714 | XML |
| 990 | December 2023 | $23,268,016 | $29,175,825 | $100,350,922 | XML |
| 990 | December 2022 | $21,147,486 | $29,320,772 | $104,037,513 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2008 Officer: MICHAEL P GALLAGHER | December 31, 2008 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-2386152).
Questions about BONITA SPRINGS RETIREMENT VILLAGE INC
- What is the EIN of BONITA SPRINGS RETIREMENT VILLAGE INC?
- The employer identification number (EIN) of BONITA SPRINGS RETIREMENT VILLAGE INC is 26-2386152.
- Is BONITA SPRINGS RETIREMENT VILLAGE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to BONITA SPRINGS RETIREMENT VILLAGE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BONITA SPRINGS RETIREMENT VILLAGE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BONITA SPRINGS RETIREMENT VILLAGE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BONITA SPRINGS RETIREMENT VILLAGE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BONITA SPRINGS RETIREMENT VILLAGE INC?
- The 990 for the year ended December 31, 2024 names GERALD T GRANT.
- Who are the officers and directors of BONITA SPRINGS RETIREMENT VILLAGE INC?
- The 990 for the year ended December 31, 2024 lists 21 people; 5 received compensation from the organization.
- How much revenue does BONITA SPRINGS RETIREMENT VILLAGE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $24,394,854, expenses of $32,592,839 and total assets of $134,900,714 at year end.
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