2023-11-08T13:49:49-06:00 2022-12-31 990 2022-01-01 262386152 BONITA SPRINGS RETIREMENT VILLAGE INC BONI 3525548575 SANTAFE HEALTHCAREINC PO BOX 749 GAINESVILLE FL 326270749 LAWRENCE G SCHREIBER CEO 3056717343 2023-11-08 LAWRENCE SCHREIBER 999009999 0 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z THE TERRACES AT BONITA SPRINGS LAWRENCE G SCHREIBER SANTAFE HEALTHCAREINC PO BOX 749 GAINESVILLE FL 326270749 21163667 0 X WWW.THETERRACESATBONITASPRINGS.COM X 2008 FL TO PROVIDE HIGH QUALITY CONTINUING CARE RETIREMENT SERVICES TO SENIOR CITIZENS. 10 9 280 0 0 0 607979 53944 18189621 20837642 140790 255900 0 0 18938390 21147486 0 0 0 0 8241009 9766848 0 0 0 19841860 19553924 28082869 29320772 -9144479 -8173286 109847615 104037513 178421050 183161170 -68573435 -79123657 TO PROVIDE HIGH QUALITY CONTINUING CARE RETIREMENT SERVICES AND FACILITIES TO BENEFIT THE LARGEST POSSIBLE SEGMENT OF THE SENIOR POPULATION LIVING IN BONITA SPRINGS, FLORIDA AND THE SURROUNDING AREAS. 0 0 10997730 9745698 BONITA SPRINGS RETIREMENT VILLAGE, INC. PROVIDED CLEANING, LAUNDRY, MAINTENANCE, MEALS, SECURITY AND UTILITIES TO SENIORS IN RESIDENTIAL UNITS. THE AVERAGE NUMBER OF INDIVIDUALS SERVED PER DAY IN 2022 WERE APPROXIMATELY 157. 6074143 4233728 BONITA SPRINGS RETIREMENT VILLAGE, INC. PROVIDED CLEANING, LAUNDRY, MAINTENANCE, MEALS, SECURITY AND UTILITIES TO ASSISTED LIVING AND MEMORY SUPPORT SENIORS IN RESIDENTIAL UNITS. THE TOTAL RESIDENT DAYS SERVED IN 2022 WERE 17,967. 8141423 6858216 BONITA SPRINGS RETIREMENT VILLAGE, INC. PROVIDED SKILLED NURSING AND RELATED HEALTH CARE SERVICES, INCLUDING THERAPY FOR INDIVIDUALS WHO ARE UNABLE TO CARE FOR THEMSELVES. THE TOTAL PATIENT DAYS SERVED IN 2022 WERE 12,721. 25213296 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 126 0 1 280 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X KARL F GOEDERT CONTROLLER 3525548575 4300 NW 89TH BLVD GAINESVILLE FL 326065688 X LAWRENCE G SCHREIBER CHIEF EXECUTIVE OFFICER/DIRECTOR 1.50 58.50 X X 0 2028776 5352045 STEVEN M ZIEGLER ASSISTANT SECRETARY 0.50 59.50 X 0 650123 881793 RANDALL L STUART ASSISTANT TREASURER (THRU 3/31/22) 0.50 59.50 X 0 904878 44161 PHILIP G BOWLING ASSISTANT TREASURER 0.50 59.50 X 0 511203 97315 RONALD E JENNETTE PRESIDENT 15.00 45.00 X 0 353438 42895 TROY R HART PRESIDENT (THRU 1/15/22) 15.00 45.00 X 0 187103 4218 DAVID GRAY HEALTH CARE ADMINISTRATOR 40.00 0.00 X 149200 0 25600 RACHEL L HENDERSON DIRECTOR OF COMMISSION REL AND SALES 40.00 0.00 X 133923 0 11580 LISA COX NURSING DIRECTOR 40.00 0.00 X 125112 0 12822 AMANDA R KAISER REGISTERED NURSE 40.00 0.00 X 111607 0 19482 ALAN D SAYLES DIRECTOR OF DINING SERVICE OPERATIONS 40.00 0.00 X 119718 0 8541 GLENDA E HOOD CHAIR/DIRECTOR 0.10 2.90 X X 0 55158 0 BENJAMIN I DOERR JR TREASURER/DIRECTOR 0.10 1.40 X X 0 45596 0 JACKSON N SASSER PHD VICE CHAIR/DIRECTOR 0.10 1.40 X X 0 45269 0 JAMES D LEE DIRECTOR 0.10 1.40 X 0 43469 0 PAMELA J MOONEY PHD DIRECTOR 0.10 1.40 X 0 43142 0 KATHERINE L FERNANDEZ SECRETARY/DIRECTOR 0.10 1.40 X X 0 41996 0 KEVIN R MADDRON DIRECTOR 0.10 1.40 X 0 27779 0 GREGORY A HAILE DIRECTOR 0.10 1.40 X 0 27779 0 RITA M BARRETO DIRECTOR 0.10 1.40 X 0 27779 0 GEORGE E FLETCHER DIRECTOR (THRU 3/31/22) 0.10 1.40 X 0 13890 0 ROBERT L EPLING TREASURER/DIRECTOR (THRU 1/31/22) 0.10 1.40 X X 0 0 0 639560 5007378 6500452 8 0 1 0 SANTAFE SENIOR LIVING INC PO BOX 749 GAINESVILLE FL 326270749 MANAGEMENT 1222101 REHABCARE GROUP EAST LLC PO BOX 503534 SAINT LOUIS MO 63150 OCCUPATIONAL/PHYSICAL THERAPY 560168 CAREMASTERS HEALTHCARE SERVICES LLC PO BOX 2599 SARASOTA FL 34230 HEALTHCARE SERVICES 502811 HEIN BROTHERS LLC 13721 JETPORT COMMERCE PARKWAY FORT MYERS FL 33913 IMPROVEMENTS 351000 SAGE AGE STRATEGIES INC PO BOX 88687 MILWAUKEE WI 53288 ADVERTISING 332724 14 53944 53944 MONTHLY SERVICE FEES 531110 14861638 14861638 RESIDENT SERVICES 900099 5976004 5976004 20837642 339026 339026 -66945 -66945 16181 -16181 -16181 -16181 21147486 20837642 0 255900 8403434 7745722 657712 43781 39836 3945 738257 569398 168859 581376 531276 50100 1536756 1536756 74183 74183 48119 48119 7093 7093 779849 592118 187731 587821 587821 420601 342033 78568 239923 239923 2000923 1876034 124889 21254 16780 4474 21747 8198 13549 4844558 4602330 242228 3353683 3018314 335369 1084988 976489 108499 LOSS ON BOND REFINANCE 1691855 1607262 84593 FOOD & FOOD SERVICES 937413 937413 THERAPY SERVICES 693202 693202 EQUIP RENTAL AND MAINT 366628 351049 15579 843328 718021 125307 29320772 25213296 4107476 0 500 500 2324085 1226889 888430 924785 78791 97249 165211 145126 115296037 32678903 85156760 82617134 5236304 1112900 15997534 17912930 109847615 104037513 1425589 1182889 72059 100511 79034558 88884779 97888844 92992991 178421050 183161170 X -69128785 -79588524 555350 464867 -68573435 -79123657 109847615 104037513 X -8173286 -450509 -1926427 X X 0 1 X 1 0 X 56278 36037 611593 607979 53944 1365831 17826459 19060754 18648560 18189621 20837642 94563036 17882737 19096791 19260153 18797600 20891586 95928867 0 158185 158185 158185 158185 95770682 378270 506467 756718 194332 272081 2107868 378270 506467 756718 194332 272081 2107868 18261007 19603258 20016871 18991932 21163667 98036735 0.97690 0.97480 0.02150 0.02510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7509563 7509563 100636405 26985227 73651178 6905635 5693676 1211959 244434 244434 82617134 CASH & INVESTMENTS HELD BY TRUSTEE 13809847 ESCROW ACCOUNTS REQUIRED BY FLORIDA 2036348 DEFERRED CONTRACT ACQUISTION COSTS 1018387 RESIDENT RESERVATION DEPOSITS 516947 BENEFICIAL INTEREST IN NET ASSETS OF SANTAFE SENIOR LIVING FOUNDATION, INC. 464867 RIGHT OF USE ASSETS 43034 ASSISTED LIVING DEPOSITS 23500 17912930 REFUNDABLE ENTRANCE FEES 61315718 DEFERRED INCOME - ENTRANCE FEES 18203394 FUTURE SERVICE OBLIGATION 12131000 BOND INTEREST PAYABLE 579375 RESERVATION DEPOSITS 522333 DUE TO AFFILIATES 200347 LEASE LIABILITY 40824 92992991 X 21093542 0 21093542 53944 53944 21147486 29320772 0 29320772 0 29320772 PART X, LINE 2: EXPLANATION FOR UNCERTAIN TAX POSITIONS UNDER ASC 740: BONITA SPRINGS RETIREMENT VILLAGE, INC. IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. BONITA SPRINGS RETIREMENT VILLAGE, INC. IS SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. BONITA SPRINGS RETIREMENT VILLAGE, INC. INCURRED NO INCOME TAX EXPENSE IN 2022 AND 2021 AND HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022 OR 2021. PART XI, LINE 4B - OTHER ADJUSTMENTS: CONTRIBUTION FROM RELATED ORGANIZATIONS RECOGNIZED FOR TAX 53,944. 0 1 0 0 0 0 0 0 0 LAWRENCE G SCHREIBER CHIEF EXECUTIVE OFFICER/DIRECTOR 0 1034262 0 723436 0 271078 0 5330295 0 21750 0 7380821 0 92007 STEVEN M ZIEGLER ASSISTANT SECRETARY 0 412509 0 117256 0 120358 0 853377 0 28416 0 1531916 0 0 RANDALL L STUART ASSISTANT TREASURER (THRU 3/31/22) 0 172863 0 145772 0 586243 0 36811 0 7350 0 949039 0 391051 PHILIP G BOWLING ASSISTANT TREASURER 0 376923 0 0 0 134280 0 77531 0 19784 0 608518 0 0 RONALD E JENNETTE PRESIDENT 0 306816 0 0 0 46622 0 31079 0 11816 0 396333 0 0 TROY R HART PRESIDENT (THRU 1/15/22) 0 106331 0 0 0 80772 0 676 0 3542 0 191321 0 36865 DAVID GRAY HEALTH CARE ADMINISTRATOR 143824 0 0 0 5376 0 0 0 25600 0 174800 0 0 0 PART I, LINE 3 LAWRENCE G SCHREIBER IS THE CHIEF EXECUTIVE OFFICER (CEO) OF BONITA SPRINGS RETIREMENT VILLAGE, INC. MR. SCHREIBER IS COMPENSATED BY SANTAFE HEALTHCARE, INC., A RELATED SUPPORTING ORGANIZATION. SANTAFE HEALTHCARE, INC. UTILIZES THE FOLLOWING PROCESS TO ESTABLISH THE CEO'S COMPENSATION AND BENEFITS: ANNUALLY, THE SANTAFE HEALTHCARE, INC. BOARD OF DIRECTORS RETAINS AN INDEPENDENT THIRD PARTY COMPENSATION AND BENEFITS CONSULTING FIRM (FIRM) TO CONDUCT A MARKET COMPETITIVENESS REVIEW OF THE CEO'S TOTAL DIRECT COMPENSATION (BASE SALARY, ANNUAL INCENTIVES, AND LONG TERM INCENTIVES) AND BENEFITS. THE COMPETITIVE ANALYSIS INCLUDES COMPARISON TO SIMILAR POSITIONS IN COMPANIES OF SIMILAR SIZE WITHIN THE SAME OR SIMILAR INDUSTRY. THE FIRM MAKES RECOMMENDATIONS, IF ANY, DIRECTLY TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ESTABLISHES THE FINAL COMPENSATION AND BENEFIT PACKAGE FOR THE CEO TAKING INTO CONSIDERATION THE MARKET COMPETITIVENESS REVIEW AND FINAL RECOMMENDATION OF THE FIRM. THE FIRM PROVIDES AN OPINION LETTER REGARDING THE REASONABLENESS OF THE CEO'S FINAL COMPENSATION AND BENEFITS PACKAGE. THE ACTIONS OF THE BOARD ARE DOCUMENTED IN THE MINUTES OF THE BOARD MEETING. PART I, LINE 4B (RELATES TO PART I, LINE 4A): LISTED PERSONS ARE EMPLOYEES OF BONITA SPRINGS RETIREMENT VILLAGE, INC. OR RELATED ORGANIZATIONS. BONITA SPRINGS RETIREMENT VILLAGE, INC. EMPLOYEES ARE NOT COVERED BY A FORMAL SEVERANCE POLICY; SEVERANCE IS HANDLED ON A CASE BY CASE BASIS. EMPLOYEES OF RELATED ORGANIZATIONS ARE COVERED BY A SEVERANCE POLICY WHICH INCLUDES MONTHLY PAYMENTS UP TO A MAXIMUM OF 12 - 36 MONTHS UNDER QUALIFYING CIRCUMSTANCES AND DEPENDING ON POSITION. NO ONE LISTED RECEIVED SEVERANCE OR CHANGE OF CONTROL PAYMENTS DURING 2022. PART I, LINE 4B: LISTED PERSONS PARTICIPATING IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN IN THE YEAR: LAWRENCE G SCHREIBER, RANDALL L STUART (THROUGH 3/31/2022), PHILIP G BOWLING, STEVEN M ZIEGLER, TROY R HART (THROUGH 1/15/2022) AND RONALD E JENNETTE ARE EMPLOYEES OF SANTAFE HEALTHCARE, INC., A RELATED SUPPORTING ORGANIZATION. THEY PARTICIPATE IN TWO NONQUALIFIED DEFERRED COMPENSATION RETIREMENT PLANS SPONSORED BY SANTAFE HEALTHCARE, INC. FOR A CERTAIN GROUP OF EXECUTIVES. ONE PLAN RESTORES RETIREMENT BENEFITS EQUIVALENT TO QUALIFIED 401(K) BENEFITS ON INCOME EARNED IN EXCESS OF THE INTERNAL REVENUE SERVICE CODE SECTION 401(A)(17) RECOGNIZABLE PAY LIMITS (A DEFINED CONTRIBUTION RESTORATION PLAN). VESTING FOR THIS PLAN IS ACHIEVED AT AGE 55 AND 10 YEARS OF SERVICE OR AT AGE 65 AND 5 YEARS OF SERVICE. THE SECOND SUPPLEMENTAL DEFINED CONTRIBUTION PLAN PROVIDES ADDITIONAL RETIREMENT INCOME BASED ON A PERCENTAGE OF BASE SALARY AND VESTS AT THREE AND FIVE YEARS OF SERVICE. MR. STUART VESTED AND RECEIVED $526,840 FROM SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS IN 2022. MR. SCHREIBER VESTED AND RECEIVED $117,037 FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN IN 2022. MR. ZIEGLER VESTED AND RECEIVED $98,272 FROM SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS IN 2022. MR. HART VESTED AND RECEIVED $52,951 FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN IN 2022. SCHEDULE J, PART II: CERTAIN SENIOR EXECUTIVES ARE ACCOUNTABLE FOR AND PERFORM SERVICES FOR SANTAFE HEALTHCARE, INC. AND EACH OF ITS AFFILIATES. SANTAFE HEALTHCARE, INC. AND AFFILIATES REPRESENT A DIVERSIFIED FAMILY OF NOT-FOR-PROFIT ORGANIZATIONS. THESE SENIOR EXECUTIVES ARE PAID DIRECTLY BY SANTAFE HEALTHCARE, INC., AND THEIR COMPENSATION AND BENEFITS ARE APPORTIONED AND CHARGED TO THE RESPECTIVE AFFILIATES BASED ON THE ESTIMATED AMOUNT OF TIME SPENT ON EACH AFFILIATE'S ACTIVITIES. SCHEDULE J, PART II, COLUMN C: LAWRENCE G SCHREIBER AND STEVEN M ZIEGLER ARE EMPLOYEES OF SANTAFE HEALTHCARE, INC. AS A RESULT OF THE SALE OF AVMED, INC. AS DESCRIBED IN SCHEDULE R, MR. SCHREIBER AND MR. ZIEGLER EARNED ADDITIONAL COMPENSATION PAYABLE IN 2023 AND 2024, WHICH IS CONTINGENT UPON THEIR EMPLOYMENT BY SANTAFE HEALTHCARE, INC. THE ADDITIONAL COMPENSATION WILL BE PAID ENTIRELY BY SANTAFE HEALTHCARE, INC. AND WILL NOT BE ALLOCATED OR CHARGED TO ITS AFFILIATES. THE ADDITIONAL COMPENSATION IS REPORTED AS DEFERRED IN SCHEDULE J, PART II, COLUMN C FOR MR. SCHREIBER AND MR. ZIEGLER AND TOTALS $5,000,000 AND $841,177, RESPECTIVELY. A ALACHUA COUNTY HEALTH FACILITIES AUTHORITY 592442398 2022-01-27 83600000 REFUNDING REVENUE BONDS 0 0 0 A 83551175 5422647 926371 1662163 73574329 1965665 2022 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART II, LINE 3 THE AMOUNT REPORTED AS TOTAL PROCEEDS ON LINE 3 IS LESS THAN THE ISSUE PRICE REPORTED ON SCHEDULE K, PART I, LINE A, COLUMN E DUE TO INVESTMENT LOSSES. SCHEDULE K, PART II, LINE 11 PROCEEDS REPORTED ON THIS LINE WERE USED TO REFUND PRIOR TAX-EXEMPT BONDS. FORM 990, PART VI, SECTION A, LINE 7A BONITA SPRINGS RETIREMENT VILLAGE, INC.'S ARTICLES OF INCORPORATION AND BYLAWS STATE THAT THE SANTAFE HEALTHCARE, INC. BOARD OF DIRECTORS SHALL CONSTITUTE THE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE SANTAFE HEALTHCARE, INC. BOARD OF DIRECTORS CONSTITUTES THE ORGANIZATION'S BOARD OF DIRECTORS, WHICH MAKES ALL GOVERNANCE DECISIONS OF THE ORGANIZATION. THE SANTAFE HEALTHCARE, INC. BOARD OF DIRECTORS HAS THE POWER AND AUTHORITY TO ESTABLISH COMMITTEES, TO ELECT AND REMOVE OFFICERS, TO APPROVE AMENDMENTS OF THE ORGANIZATION'S GOVERNING DOCUMENTS, AND TO MODIFY, AMEND, RESCIND, OR REPEAL ANY ACTION TAKEN BY THE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION USED INHOUSE TAX DEPARTMENT PERSONNEL, WHO ARE LICENSED CERTIFIED PUBLIC ACCOUNTANTS, TO PREPARE AND REVIEW ITS FORM 990. DURING THE PREPARATION AND REVIEW PROCESS, THE TAX DEPARTMENT WORKED CLOSELY WITH OTHER DEPARTMENTS, SUCH AS LEGAL, HUMAN RESOURCES, COMPLIANCE, FINANCE, AND MARKETING, TO ENSURE THAT A COMPLETE AND ACCURATE RETURN WAS FILED. A COPY OF THE ORGANIZATION'S FORM 990, AS ULTIMATELY FILED WITH THE IRS, WAS PROVIDED TO EACH CURRENT MEMBER OF THE BOARD OF DIRECTORS BEFORE SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BONITA SPRINGS RETIREMENT VILLAGE, INC. HAS A PROCEDURE FOR MONITORING AND ENFORCING COMPLIANCE WITH ITS CORPORATE CONFLICT OF INTEREST POLICY (POLICY). EACH COVERED PERSON SHALL RECEIVE A COPY OF THE POLICY FOR REVIEW AND SUBMIT AN AFFIRMATION WHICH IS ATTACHED TO THE CODE OF ETHICAL BUSINESS CONDUCT. ADDITIONALLY, EACH COVERED PERSON ENGAGED IN MAKING OR INFLUENCING DECISIONS ON BEHALF OF SANTAFE HEALTHCARE, INC. OR ITS AFFILIATES SHALL COMPLETE A QUESTIONNAIRE CONCERNING CONFLICTS OF INTEREST ANNUALLY. THE PROCEDURE DETAILS THAT THE CORPORATE SECRETARY HAS RESPONSIBILITY FOR DELIVERY OF THE POLICY TO DIRECTORS AND OFFICERS AND RECEIPT OF THEIR AFFIRMATIONS AND QUESTIONNAIRES. THE HUMAN RESOURCES DEPARTMENT SHALL OBTAIN THE AFFIRMATION AND QUESTIONNAIRE FROM EVERY NEW EMPLOYEE AT ORIENTATION. THE HUMAN RESOURCES DEPARTMENT SHALL ALSO OBTAIN THE AFFIRMATION FROM ALL EMPLOYEES AND THE CONFLICT OF INTEREST QUESTIONNAIRE FROM APPLICABLE EMPLOYEES ANNUALLY. MEMBERS OF CORPORATE ADVISORY BOARDS SUBMIT THE AFFIRMATION AND QUESTIONNAIRE TO THE CHIEF COMPLIANCE OFFICER. ANNUAL CONFLICT OF INTEREST STATEMENTS ARE REVIEWED BY INTERNAL STAFF TO ENSURE RECORDS ARE COMPLETE. AS PART OF THE CORPORATE CONTRACT REVIEW PROCESS, CONSIDERATION IS GIVEN TO ANY POTENTIAL CONFLICTS OF INTEREST INVOLVING OPERATIONAL OR FINANCIAL TRANSACTIONS. ALL EMPLOYEES ARE EXPECTED TO DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS. INITIAL REVIEW OF EMPLOYEE QUESTIONNAIRES WILL BE PERFORMED BY THE HUMAN RESOURCES DEPARTMENT AND AFFILIATE COMPLIANCE OFFICER, WITH REVIEW OF ANY DISCLOSURES BY THE CHIEF COMPLIANCE OFFICER WHO WILL EVALUATE, MAKE NECESSARY INQUIRIES, AND INVESTIGATE ALTERNATIVES. BOARD MEMBERS SHALL DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS TO THE CHAIRPERSON OF THE SANTAFE HEALTHCARE, INC. BOARD, AND THE CHAIRPERSON OR CHIEF COMPLIANCE OFFICER SHALL EVALUATE CONFLICT DISCLOSURES AND, IF APPROPRIATE, INVESTIGATE ALTERNATIVES AND REPORT TO DISINTERESTED BOARD MEMBERS FOR RESOLUTION. THE MINUTES OF THE BOARD OR ANY COMMITTEE MEETING AT WHICH A POTENTIAL OR ACTUAL CONFLICT OF INTEREST IS DISCLOSED OR DISCUSSED SHALL REFLECT THE NAME OF THE INTERESTED PARTY, THE NATURE OF THE CONFLICT, THE DELIBERATIONS AND THE RESOLUTION OF THE CONFLICT. IF IT IS DETERMINED THAT A COVERED PERSON HAS FAILED TO COMPLY WITH THE POLICY, THE CHIEF COMPLIANCE OFFICER OR THE CHAIRPERSON SHALL TAKE APPROPRIATE ACTION, WHICH MAY INCLUDE REMOVAL FROM OFFICE OR TERMINATION OF EMPLOYMENT. FORM 990, PART VI, SECTION B, LINE 15 LAWRENCE G SCHREIBER IS THE CHIEF EXECUTIVE OFFICER (CEO) OF BONITA SPRINGS RETIREMENT VILLAGE, INC. MR. SCHREIBER IS COMPENSATED BY SANTAFE HEALTHCARE, INC., A RELATED SUPPORTING ORGANIZATION. SANTAFE HEALTHCARE, INC. UTILIZES THE FOLLOWING PROCESS TO ESTABLISH THE CEO'S COMPENSATION AND BENEFITS: THE SANTAFE HEALTHCARE, INC. BOARD OF DIRECTORS ANNUALLY RETAINS AN INDEPENDENT THIRD PARTY COMPENSATION AND BENEFITS CONSULTING FIRM (FIRM) TO CONDUCT A MARKET COMPETITIVENESS REVIEW OF THE CEO'S TOTAL DIRECT COMPENSATION (BASE SALARY, ANNUAL INCENTIVES, AND LONG TERM INCENTIVES) AND BENEFITS. THE COMPETITIVE ANALYSIS INCLUDES COMPARISON TO SIMILAR POSITIONS IN COMPANIES OF SIMILAR SIZE WITHIN THE SAME OR SIMILAR INDUSTRY. THE FIRM MAKES RECOMMENDATIONS, IF ANY, DIRECTLY TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ESTABLISHES THE FINAL COMPENSATION AND BENEFIT PACKAGE FOR THE CEO TAKING INTO CONSIDERATION THE MARKET COMPETITIVENESS REVIEW AND FINAL RECOMMENDATION OF THE FIRM. THE FIRM PROVIDES AN OPINION LETTER REGARDING THE REASONABLENESS OF THE FINAL COMPENSATION AND BENEFITS PACKAGE. THE ACTIONS OF THE BOARD ARE DOCUMENTED IN THE MINUTES OF THE BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15B: THE PROCESS FOR DETERMINING COMPENSATION FOR ALL NON-DIRECTOR OFFICERS AND DIRECTORS OF BONITA SPRINGS RETIREMENT VILLAGE, INC. IS AS FOLLOWS: THE SANTAFE HEALTHCARE, INC. BOARD OF DIRECTORS ANNUALLY RETAINS AN INDEPENDENT THIRD PARTY COMPENSATION AND BENEFITS FIRM (FIRM) TO CONDUCT A MARKET COMPETITIVENESS REVIEW OF ALL NON-DIRECTOR OFFICERS' TOTAL DIRECT COMPENSATION (BASE SALARY, ANNUAL INCENTIVES, AND LONG TERM INCENTIVES) AND BENEFITS. THE COMPETITIVE ANALYSIS INCLUDES COMPARISONS TO SIMILAR POSITIONS IN COMPANIES OF SIMILAR SIZE WITHIN THE SAME OR SIMILAR INDUSTRY. AFTER COMPLETION OF ITS REVIEW, THE FIRM MAKES RECOMMENDATIONS, IF ANY, DIRECTLY TO THE SANTAFE HEALTHCARE, INC. BOARD OF DIRECTORS. THE FIRM PROVIDES AN OPINION LETTER REGARDING THE REASONABLENESS OF CASH COMPENSATION AND EXECUTIVE BENEFITS. THE ACTIONS OF THE BOARD ARE DOCUMENTED IN THE MINUTES OF THE BOARD MEETINGS. THE SANTAFE HEALTHCARE, INC. BOARD OF DIRECTORS REGULARLY RETAINS AN INDEPENDENT THIRD PARTY CONSULTANT TO CONDUCT A MARKET COMPETITIVENESS REVIEW OF THE BOARD OF DIRECTORS' (INCLUDING OFFICER POSITIONS) COMPENSATION. THE COMPETITIVENESS ANALYSIS INCLUDES COMPARISONS TO BOTH NOT-FOR-PROFIT AND PUBLIC COMPANY (EXCLUDING EQUITY COMPONENT) DATA FOR COMPANIES WITHIN THE SAME OR SIMILAR INDUSTRY. ANY COMPENSATION CHANGES ARE APPROVED BY THE SANTAFE HEALTHCARE, INC. BOARD OF DIRECTORS BASED ON THE MARKET COMPETITIVENESS STUDY. FORM 990, PART VI, SECTION C, LINE 19 BONITA SPRINGS RETIREMENT VILLAGE, INC.'S PROCEDURE FOR MAKING VARIOUS DOCUMENTS AVAILABLE TO THE PUBLIC IS AS FOLLOWS: THE ARTICLES OF INCORPORATION CAN BE ACCESSED DIRECTLY THROUGH THE FLORIDA DEPARTMENT OF STATE, DIVISION OF CORPORATIONS WEBSITE AT WWW.SUNBIZ.ORG. THE CONFLICT OF INTEREST POLICY CAN BE OBTAINED DIRECTLY FROM THE ORGANIZATION UPON WRITTEN REQUEST. BONITA SPRINGS RETIREMENT VILLAGE, INC. DID NOT OTHERWISE MAKE ITS GOVERNING DOCUMENTS, INCLUDING BYLAWS, AVAILABLE TO THE PUBLIC. DURING THE TAX YEAR, BONITA SPRINGS RETIREMENT VILLAGE, INC. MADE ITS FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED BY SECTION 641.091(2), FLORIDA STATUTES. FORM 990, PART VII, SECTION A, LINE 1A: CERTAIN SENIOR EXECUTIVES ARE ACCOUNTABLE FOR AND PERFORM SERVICES FOR SANTAFE HEALTHCARE, INC. AND EACH OF ITS AFFILIATES. SANTAFE HEALTHCARE, INC. AND AFFILIATES REPRESENT A DIVERSIFIED FAMILY OF NOT-FOR-PROFIT ORGANIZATIONS. THESE SENIOR EXECUTIVES ARE PAID DIRECTLY BY SANTAFE HEALTHCARE, INC. AND THEIR COMPENSATION AND BENEFITS ARE APPORTIONED AND CHARGED TO THE RESPECTIVE AFFILIATES BASED ON THE ESTIMATED AMOUNT OF TIME SPENT ON EACH AFFILIATE'S ACTIVITIES. FORM 990, PART VII, SECTION A, COLUMN F: LAWRENCE G SCHREIBER AND STEVEN M ZIEGLER ARE EMPLOYEES OF SANTAFE HEALTHCARE, INC. AS A RESULT OF THE SALE OF AVMED, INC. AS DESCRIBED IN SCHEDULE R, MR. SCHREIBER AND MR. ZIEGLER EARNED ADDITIONAL COMPENSATION PAYABLE IN 2023 AND 2024, WHICH IS CONTINGENT UPON THEIR EMPLOYMENT BY SANTAFE HEALTHCARE, INC. THE ADDITIONAL COMPENSATION WILL BE PAID ENTIRELY BY SANTAFE HEALTHCARE, INC. AND WILL NOT BE ALLOCATED OR CHARGED TO ITS AFFILIATES. THE ADDITIONAL COMPENSATION IS REPORTED AS OTHER COMPENSATION IN FORM 990, PART VII, SECTION A, COLUMN F FOR MR. SCHREIBER AND MR. ZIEGLER AND TOTALS $5,000,000 AND $841,177, RESPECTIVELY. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF SANTAFE SENIOR LIVING FOUNDATION, INC. -90,483. CONTRIBUTION FROM SANTAFE SENIOR LIVING FOUNDATION, INC. -53,944. CHANGE IN FUTURE SERVICE OBLIGATION -2,782,000. EQUITY TRANSFER FROM AFFILIATE 1,000,000. FORM 990, PART XII, LINE 2C AUDIT OVERSIGHT PROCESS: THE COMPANY'S AUDIT COMMITTEE HAS NOT CHANGED ITS PROCESS FOR SELECTION OF THE INDEPENDENT ACCOUNTANT OR ITS PROCESS FOR MANAGING THE AUDIT. SANTAFE HEALTHCARE INC PO BOX 749 GAINESVILLE FL 326270749 592317607 MANAGEMENT AND FINANCIAL SUPPORT FOR NOT-FOR-PROFIT AFFILIATES FL 501(C)(3) 12B TYPE II N/A 0 NORTH FLORIDA RETIREMENT VILLAGE INC PO BOX 749 GAINESVILLE FL 326270749 591912330 RETIREMENT COMMUNITY FL 501(C)(3) 10 SANTAFE HEALTHCARE INC 0 NORTH CENTRAL FLORIDA HOSPICE INC PO BOX 749 GAINESVILLE FL 326270749 592490893 HOSPICE CARE FL 501(C)(3) 10 SANTAFE HEALTHCARE INC 0 SANTAFE SENIOR LIVING INC PO BOX 749 GAINESVILLE FL 326270749 203700526 MANAGEMENT AND FINANCIAL SUPPORT FOR NOT-FOR-PROFIT AFFILIATES FL 501(C)(3) 12B TYPE II SANTAFE HEALTHCARE INC 0 BVG ACQUISITION INC PO BOX 749 GAINESVILLE FL 326270749 203701186 RETIREMENT COMMUNITY FL 501(C)(3) 10 SANTAFE HEALTHCARE INC 0 EAST RIDGE RETIREMENT VILLAGE INC PO BOX 749 GAINESVILLE FL 326270749 590903331 RETIREMENT COMMUNITY FL 501(C)(3) 10 SANTAFE HEALTHCARE INC 0 SANTAFE SENIOR LIVING FOUNDATION INC PO BOX 749 GAINESVILLE FL 326270749 264464727 CHARITABLE AND EDUCATIONAL PURPOSES FL 501(C)(3) 7 SANTAFE HEALTHCARE INC 0 AVMED INC PO BOX 749 GAINESVILLE FL 326270749 592742907 HEALTH CARE FL 501(C)(4) N/A SENTARA HEALTHCARE 0 HFK CARE CORPORATION PO BOX 749 GAINESVILLE FL 326270749 592386289 HOSPICE CARE & HOME HEALTH CARE FL 501(C)(3) 7 SANTAFE HEALTHCARE INC 0 HAVEN FOUNDATION INC 4200 NW 90TH BLVD GAINESVILLE FL 326069945 850863879 CHARITABLE AND EDUCATIONAL PURPOSES FL 501(C)(3) 12A TYPE I NORTH CENTRAL FLORIDA HOSPICE INC 0 SF HOLDING CORP INC PO BOX 749 GAINESVILLE FL 326270749 592903901 HOLDING COMPANY FL N/A C 0 AVMED ADMINISTRATORS INC PO BOX 749 GAINESVILLE FL 326270749 842931956 THIRD PARTY ADMINISTRATIVE SERVICES FL N/A C 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 1 SCHEDULE R, PART II: ON DECEMBER 31, 2022, SENTARA HEALTHCARE, A VIRGINIA TAX-EXEMPT CORPORATION, ACQUIRED CONTROL OF AVMED, INC. FROM SANTAFE HEALTHCARE, INC. AVMED, INC. IS LISTED ON SCHEDULE R, PART II AS A RELATED TAX-EXEMPT ORGANIZATION FOR 2022, BUT WILL NOT BE LISTED GOING FORWARD.