Nonprofit · EIN 59-3472733
GLENRIDGE ON PALMER RANCH INC
Tax-exempt · SARASOTA, FL 34238
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $54,641,933 | $52,383,536 | $2,258,397 | $247,269,781 | $339,076,170 | -$91,806,389 |
| December 31, 2023 | 990 | $45,107,420 | $47,997,843 | -$2,890,423 | $226,864,644 | $323,597,344 | -$96,732,700 |
| December 31, 2022 | 990 | $41,521,448 | $42,433,064 | -$911,616 | $213,044,457 | $308,032,549 | -$94,988,092 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $625,849
- Program service revenue
- $53,090,029
- Investment income
- $885,555
- Net rental income
- $40,500
- Net gain from sales of assets
- -$57,153
- Other revenue
- $40,500
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $16,960,942
- Salaries, compensation and benefits (total)
- $21,024,968
- Professional fundraising fees
- $0
- Occupancy
- $2,598,410
- Travel
- $33,352
- Depreciation
- $9,514,440
- Program services (functional)
- $45,454,815
- Management and general (functional)
- $6,925,481
- Fundraising (functional)
- $3,240
Balance sheet and other
- Total assets, start of year
- $226,864,644
- Total assets, end of year
- $247,269,781
- Total liabilities, end of year
- $339,076,170
- Net assets, end of year
- -$91,806,389
- Land, buildings and equipment
- $176,017,220
- Publicly traded securities
- $3,730,282
- Net assets without donor restrictions
- -$93,824,228
- Net assets with donor restrictions
- $2,017,839
- Gross unrelated business income
- $155,978
- Gross receipts
- $54,703,789
- Employees
- 469
- Volunteers
- 0
- Year formed
- 1997
- 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 |
|---|---|---|---|
| REGINA M OSBORN | LIFE PLAN CONSULTANT Highest-paid employee | 40 | $580,875 |
| LISA ANN EVANS | LIFE PLAN CONSULTANT Highest-paid employee | 40 | $380,047 |
| JENNIFER BRUNEMAN | LIFE PLAN CONSULTANT Highest-paid employee | 40 | $206,591 |
| JOHN FROST | DIRECTOR OF LIFE PLANNING Highest-paid employee | 40 | $166,624 |
| STACEY MONTERO | LIFE PLAN CONSULTANT Highest-paid employee | 40 | $148,437 |
| JOHN BIRGE | VICE-CHAIR Trustee or director, Officer | 1 | $0 |
| REV SONNY MOORE | BOARD MEMBER Trustee or director | 1 | $0 |
| LEE HINKLE | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| DANA HARRIS | BOARD MEMBER Trustee or director | 1 | $0 |
| CHARLES FAIST | TREASURER Trustee or director, Officer | 1 | $0 |
| FRANK FAIRMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID C MORELAND | BOARD MEMBER Trustee or director | 1 | $0 |
| JUDD BOEDECKER | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REGINA M OSBORN | LIFE PLAN CONSULTANT Highest-paid employee | 40 | $482,955 |
| LISA ANN EVANS | LIFE PLANNING CONSULTANT Highest-paid employee | 40 | $273,375 |
| JENNIFER BRUNEMAN | LIFE PLAN CONSULTANT Highest-paid employee | 40 | $144,592 |
| STACEY MONTERO | LIFE PLAN CONSULTANT Highest-paid employee | 40 | $124,041 |
| JOHN FROST | DIRECTOR OF LIFE PLANNING Highest-paid employee | 40 | $120,459 |
| JOHN BIRGE | VICE-CHAIR Trustee or director, Officer | 1 | $0 |
| LEE HINKLE | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| CHARLES FAIST | TREASURER Trustee or director, Officer | 1 | $0 |
| DAVID C MORELAND | BOARD MEMBER Trustee or director | 1 | $0 |
| JUDSON BOEDECKER | SECRETARY Trustee or director, Officer | 1 | $0 |
| REV SONNY MOORE | BOARD MEMBER Trustee or director | 1 | $0 |
| DANA HARRIS | BOARD MEMBER Trustee or director | 1 | $0 |
| FRANK FAIRMAN | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2022: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES W CATER JR | CEO Key employee | 40 | $304,992 |
| LISA K SNYDER | DIRECTOR OF LIFE PLANNING Highest-paid employee | 40 | $188,818 |
| REGINA M OSBORN | LIFE PLAN CONSULTANT Highest-paid employee | 40 | $178,808 |
| KEVIN MORROW | DINNING MANAGER Highest-paid employee | 40 | $136,678 |
| PAMELA TURELL | LIFE PLAN CONSULTANT Highest-paid employee | 40 | $130,392 |
| DAWN GRATHOFF | DIRECTOR OF NURSING Highest-paid employee | 40 | $109,366 |
| JOHN BIRGE | BOARD MEMBER Trustee or director | 1 | $0 |
| REV ALVIN MOORE | BOARD MEMBER Trustee or director | 1 | $0 |
| LEE HINKLE | VICE CHAIRMAN Trustee or director | 1 | $0 |
| DR RICHARD REHMEYER | BOARD MEMBER Trustee or director | 1 | $0 |
| DONALD GEHLBACH | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CHARLES FAIST | TREASURER Trustee or director, Officer | 1 | $0 |
| ROBERT ACKERMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVE MORELAND | BOARD MEMBER Trustee or director | 1 | $0 |
| JUDD BOEDECKER | SECRETARY Trustee or director, Officer | 1 | $0 |
| PAUL NUSSBAUM | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 7333 SCOTLAND WAY, SARASOTA, FL 34238-8530
- Principal officer (990 for 2024)
- JONATHAN A CORBIN, 8847 SAN JOSE BULVD, JACKSONVILLE, FL 32217
- Signed the 990
- JONATHAN A CORBIN, CFO
- Phone
- (941) 552-5300
- Website
- WWW.THEGLENRIDGE.COM
- Return prepared by
- WALTERS & ASSOCIATES CPAS
Mission
THE GLENRIDGE SUPPORTS ITS MEMBERS AND CREATES AN ACTIVE, CARING COMMUNITY BY PROVIDING A CONTINUUM OF QUALITY LIFESTYLE PROGRAMS, HEALTH CARE PROGRAMS, AND OUTSTANDING ENRICHMENT OPPORTUNITIES.
Program accomplishments
- THE GLENRIDGE HAS A PERMANENT CERTIFICATE OF AUTHORITY AND CERTIFICATE OF NEED FROM THE STATE OF FLORIDA TO OPERATE AS A CONTINUING CARE RETIREMENT FACILITY. THE GLENRIDGE CONSTRUCTED A CONTINUING CARE RETIREMENT COMMUNITY CONTAINING APPROXIMATELY FOUR HUNDRED SEVENTY (470) LIVING AND NURSING UNITS TO PROVIDE HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO RESIDENTS IN SARASOTA, FL.Expenses $45,454,815 · revenue $52,974,551
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
- 59-3472733
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $247,269,781
- Income (IRS master file)
- $54,703,789
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $54,641,933 | $52,383,536 | $247,269,781 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $45,107,420 | $47,997,843 | $226,864,644 | XML |
| 990 | December 2022 | $41,521,448 | $42,433,064 | $213,044,457 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 59-3472733).
Questions about GLENRIDGE ON PALMER RANCH INC
- What is the EIN of GLENRIDGE ON PALMER RANCH INC?
- The employer identification number (EIN) of GLENRIDGE ON PALMER RANCH INC is 59-3472733.
- Is GLENRIDGE ON PALMER RANCH INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to GLENRIDGE ON PALMER RANCH INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GLENRIDGE ON PALMER RANCH 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 GLENRIDGE ON PALMER RANCH 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 GLENRIDGE ON PALMER RANCH 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 GLENRIDGE ON PALMER RANCH INC?
- The 990 for the year ended December 31, 2024 names JONATHAN A CORBIN.
- Who are the officers and directors of GLENRIDGE ON PALMER RANCH INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 5 received compensation from the organization, the highest $580,875 (REGINA M OSBORN, LIFE PLAN CONSULTANT).
- How much revenue does GLENRIDGE ON PALMER RANCH INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $54,641,933, expenses of $52,383,536 and total assets of $247,269,781 at year end.
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