2025-10-31T13:15:00+00:00 2024-12-31 440160260 Forvis Mazars LLP 255 South Orange Avenue Suite 600 Orlando FL 32801 990 2024-01-01 592708341 NAVAL CONTINUING CARE RETIREMENT FOUNDATION INC NAVA 9042469900 ONE FLEET LANDING BLVD ATLANTIC BEACH FL 322334599 JOSHUA ASHBY CHIEF EXECUTIVE OFFICER 9042469900 2025-10-31 true true Harry Harp P00176471 4077405400 2025-10-30 2024 2025-03-06 01:10:19Z FLEET LANDING JOSHUA ASHBY ONE FLEET LANDING BLVD ATLANTIC BEACH FL 322334599 65952244 false X WWW.FLEETLANDING.COM X 1985 FL TO ENRICH THE LIVES OF OLDER ADULTS THROUGH PROGRAMS AND SERVICES TO SUPPORT SUCCESSFUL AGING. 14 13 687 25 0 1346670 823802 57809679 61536767 3549550 3591675 0 62705899 65952244 25000 26270 0 22656436 25375909 0 349960 34929514 36202815 57610950 61604994 5094949 4347250 275553073 286294201 270451513 274909723 5101560 11384478 THE MISSION OF NAVAL CONTINUING CARE RETIREMENT FOUNDATION, INC. IS TO ENRICH THE LIVES OF OLDER ADULTS THROUGH HIGH QUALITY PROGRAMS AND SERVICES TO SUPPORT SUCCESSFUL AGING. false false 55351674 26270 60921937 THE ORGANIZATION PROVIDES RESIDENTIAL, HEALTH CARE, AND OTHER RELATED SERVICES FOR RESIDENTS, INCLUDING RETIRED CAREER U.S. MILITARY OFFICERS, THEIR SPOUSES, AND OTHERS OF RETIREMENT AGE. THE ORGANIZATION OWNS AND OPERATES A RETIREMENT COMMUNITY CONSISTING OF 482 RESIDENTIAL UNITS (292 APARTMENTS AND 190 HOMES), 138 ASSISTED LIVING AND MEMORY CARE UNITS, AND IS LICENSED FOR 100 SKILLED NURSING BEDS. TOTAL PATIENT DAYS FOR THE YEAR: 252,433 DAYS - INDEPENDENT LIVING; 41,451 DAYS - ASSISTED LIVING; AND 16,772 DAYS - SKILLED NURSING 55351674 true true false false false false true false false false true false false false true true true 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 false false false false true 129 0 true 687 true false false false false false false false false false false false false X 14 13 false false false false true true true true true false false false false true true true true true true false false false FL X CYNTHIA HACK CONTROLLER 9042469900 ONE FLEET LANDING BLVD ATLANTIC BEACH FL 322334599 AREZOU JOLLY CHAIR 1.0 2.0 X X 0 0 0 JOSEPH MITRICK VICE CHAIR 2.0 2.0 X X 0 0 0 JOSHUA ASHBY CEO/SECRETARY 50.0 3.0 X X 704077 0 29980 WILLIAM STRUCK TREASURER 1.0 2.0 X X 0 0 0 CAROL POTTENGER BOARD MEMBER 1.0 1.0 X 0 0 0 HOWARD WANAMAKER BOARD MEMBER 1.0 1.0 X 0 0 0 JARRET DREICER Board Member 1.0 1.0 X 0 0 0 KATHLEEN LONG BOARD MEMBER 1.0 1.0 X 0 0 0 LINDSAY DEAN NORMAN BOARD MEMBER 1.0 1.0 X 0 0 0 MARY CLARK Board Member 1.0 1.0 X 0 0 0 MATTHEW TUOHY BOARD MEMBER 1.0 1.0 X 0 0 0 PAULA CHAMBERLAIN BOARD MEMBER 1.0 1.0 X 0 0 0 ROBERT WALTERS BOARD MEMBER 1.0 1.0 X 0 0 0 WAYNE GALLOWAY BOARD MEMBER 1.0 1.0 X 0 0 0 CYNTHIA HACK CONTROLLER 50.0 1.5 X 228240 0 13465 APRIL MORIN DIRECTOR OF SALES & MKTG. 45.0 0 X 231101 0 13193 BRIAN WEISS COO 50.0 1.5 X 345007 0 11712 JULIA PRATT SR. DIRECTOR OF HEALTHCARE 50.0 0 X 224482 0 15058 Marcos Cantu Sr. Director of Campus Services 50.0 0 X 155999 0 0 MICHELE HOLLEY SR. DIRECTOR OF HR 50.0 0 X 191430 0 14064 ASHLEY ALLEN-CORDERO NURSING HOME & ASSISTED LIVING ADMIN 45.0 0 X 167805 0 1620 BERNADETH PALOMPO DIRECTOR OF NURSING 45.0 0 X 152166 0 22225 DEBORAH GORDON DIRECTOR OF THERAPY AND HOME HEALTH 45.0 0 X 141858 0 5611 JAY JERNIGAN MANAGER OF EXTERIOR MAINTENANCE 45.0 0 X 129027 0 12967 PERRY BROWN FOOD & BEVERAGE DIRECTOR 45.0 0 X 120138 0 13073 2791330 0 152968 20 false true false 0 823802 823802 MONTHLY SERVICE FEES 623000 30067299 30067299 HEALTHCARE AND HOME HEALTH FEES 623000 16969920 16969920 ENTRANCE FEES 623000 13298417 13298417 OTHER RESIDENT REVENUE 623000 1201131 586301 614830 0 0 0 0 61536767 1718877 1718877 0 0 1872798 0 0 0 1872798 0 1872798 1872798 0 0 0 0 0 0 65952244 60921937 0 4206505 26270 26270 2270693 2270693 19129989 18472844 442316 214829 397703 209263 175761 12679 1987957 1908936 60689 18332 1589567 1411608 151072 26887 232846 232846 3023055 2165855 855000 2200 476223 18584 441771 15868 300738 228327 69256 3155 649375 435088 205577 8710 4781633 4734315 47318 75663 2725 72938 140960 64265 74988 1707 6402843 6309778 93065 10222450 9997395 225055 2553252 2516230 37022 FOOD SUPPLIES 3873848 3873848 SUPPLIES AND EQUIPMENT 2784823 2707051 72973 4799 RESIDENT EXPENSES 264855 185084 39976 39795 EMPLOYEE EXPENSES 210849 46953 162897 999 209402 37255 172147 0 61604994 55351674 5903360 349960 5582118 7385530 935075 1202010 0 0 0 0 278516 174946 2825557 1396710 313636266 113845421 197072473 199790845 61095116 62580828 0 0 7764218 13763332 275553073 286294201 7009674 9337626 111585623 114619928 133905453 132232497 0 0 17950763 18719672 270451513 274909723 X 3931872 9903668 1169688 1480810 5101560 11384478 275553073 286294201 X 4347250 1964236 -28568 X false true true false X 1556445 8649629 1085715 1346670 823802 13462261 37863889 42527512 54869557 57809679 60921937 253992574 0 0 0 39420334 51177141 55955272 59156349 61745739 267454835 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 267454835 789706 783392 1125779 1873382 1718877 6291136 0 789706 783392 1125779 1873382 1718877 6291136 0 0 0 0 0 614830 614830 40210040 51960533 57081051 61029731 64079446 274360801 0.97483 0.97305 0.02 0.02 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - , COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - 614830.0, COLUMN F - 614830.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 26.0 1 false 11169823 11169823 224082958 90176724 133906234 46285127 23668697 22616430 32098358 32098358 199790845 Federal Income Taxes REFUNDABLE DEPOSITS IN ESCROW 3244431 REFUNDABLE ENTRANCE FEES 14519043 CHARITABLE GIFT LIABILITY 478598 LEASE LIABILITY 477600 18719672 X 67655061 1964236 -261419 1702817 65952244 0 0 65952244 61372148 0 0 61372148 232846 0 232846 61604994 Schedule D, Part X, Line 2 The Foundation is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code ("IRC"). The IRC provides for taxation of certain unrelated business income. The Foundation does not have material taxable, unrelated business income. Accordingly, these financial statements include no provision or liability for income taxes. Schedule D, Part II, Line 9 Conservation easements financial reporting THE COST OF THE EASEMENT IS INCLUDED IN LAND ON THE ORGANIZATION'S BALANCE SHEET. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). THE IRC PROVIDES FOR TAXATION OF CERTAIN UNRELATED BUSINESS INCOME. THE FOUNDATION DOES NOT HAVE UNRELATED BUSINESS INCOME. ACCORDINGLY, THESE COMBINED FINANCIAL STATEMENTS INCLUDE NO PROVISION OR LIABILITY FOR INCOME TAXES. AS OF DECEMBER 31, 2024, WITH CERTAIN STATUTORY EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL OR STATE OF FLORIDA TAXING AUTHORITIES FOR ANY YEARS PRIOR TO THE PAST THREE TAX YEARS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Change in Value of gift Annuities - -28573 Investment Management fee - -232846 true Scholarships 3 26270 Schedule I, Part III, Column (b) Estimated Number Of Recipients Scholarships : Amount is actual Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds There is an application process for scholarships ensuring that the donor criteria for the awards are met. There is a committee made up of managers who determine the awardees, and accounting ensures that the proper backup is obtained prior to disbursement of funds. X X X X X X false false false false false true false false false JOSHUA ASHBY CEO/SECRETARY 555117 0 148960 0 0 0 13800 0 16180 0 734057 0 0 0 CYNTHIA HACK CONTROLLER 192034 0 36206 0 0 0 6155 0 7310 0 241705 0 0 0 MICHELE HOLLEY SR. DIRECTOR OF HR 161042 0 30388 0 0 0 6664 0 7400 0 205494 0 0 0 APRIL MORIN DIRECTOR OF SALES & MKTG. 152836 0 78265 0 0 0 5846 0 7347 0 244294 0 0 0 JULIA PRATT SR. DIRECTOR OF HEALTHCARE 188774 0 35708 0 0 0 7658 0 7400 0 239540 0 0 0 BRIAN WEISS COO 292305 0 52702 0 0 0 11712 0 0 0 356719 0 0 0 Marcos Cantu Sr. Director of Campus Services 146154 0 9845 0 0 0 0 0 0 0 155999 0 0 0 ASHLEY ALLEN-CORDERO NURSING HOME & ASSISTED LIVING ADMIN 157767 0 10038 0 0 0 1620 0 0 0 169425 0 0 0 BERNADETH PALOMPO DIRECTOR OF NURSING 142834 0 9332 0 0 0 6045 0 16180 0 174391 0 0 0 Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization A portion of the Senior Leadership's annual bonus is based on achieving or exceeding budgeted Net Operating Margin or Net Operating Margin-Adjusted. A CITY OF ATLANTIC BEACH FL 596000267 048251BJ0 2013-04-01 40050000 See Supplemental Information below false false false B CITY OF ATLANTIC BEACH FL 596000267 048251BR2 2013-10-01 17610000 See Supplemental Information Below false false false C CITY OF ATLANTIC BEACH FL 596000267 048251BS0 2018-12-12 72705000 See Supplemental Information Below false false false D CITY OF ATLANTIC BEACH FL 596000267 048251CE0 2018-12-13 42010000 SEE SUPPLEMENTAL INFORMATION BELOW false false false A 13420000 0 42714261 3131996 0 0 801000 0 0 38781265 0 0 2013 true false true true B 0 0 16991361 1231072 0 0 352200 0 0 15408089 0 0 2013 false false true true C 160000 0 74903366 3993950 5590870 0 420000 0 0 64898547 0 0 2018 false false true true D 0 0 41594283 0 1742160 0 0 0 0 39852123 0 0 2018 false false true true A false false false false false false 0.0 0.0 0.0 false false 0 false false B false false false false false false 0.0 0.0 0.0 false false 0 false false C false false false false false false 0.0 0.0 0.0 false false 0 false false D false false false false false false 0.0 0.0 0.0 false false 0 false false A false false false false false false 0 false false false 0 false false false B false false false false false false 0 false false false 0 false false false C false false false false false false 0 false false false 0 false false false D false false false false false false 0 false false false 0 false false false A true B true C true D true Schedule K, Part V Different Procedures to Undertake Corrective Action Issuer name: CITY OF ATLANTIC BEACH, FL SCHEDULE K, ROW A, PART I, COLUMN (F) PURPOSE OF SERIES 2013A BONDS: TO REFUND THE SERIES 1999 AND SERIES 2006 BONDS, PAY THE COST OF ACQUIRING LAND ADJACENT TO THE EXISTING CAMPUS, FUND A DEBT SERVICE RESERVE AND PAY CERTAIN COSTS OF ISSUING THE SERIES 2013A BONDS. SCHEDULE K, PART II, COLUMN A, LINE 3 ADDITIONAL INFORMATION RELATED TO BOND ISSUANCE (SERIES 2013A): THE TOTAL PROCEEDS FOR SERIES 2013 A BOND ISSUE ARE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I, COLUMN (E), THE DIFFERENCE IS A PREMIUM TO THEIR FACE VALUE OF 2,664,261. Schedule K, Part V Different Procedures to Undertake Corrective Action Issuer name: CITY OF ATLANTIC BEACH, FL SCHEDULE K, ROW B, PART I, COLUMN (F) PURPOSE OF SERIES 2013B BONDS: TO FUND CERTAIN CAPITAL IMPROVEMENTS ON THE EXISTING CAMPUS, FUND A DEBT SERVICE RESERVE FUND, AND PAY CERTAIN COSTS OF ISSUING THE SERIES 2013B BONDS. SCHEDULE K, PART II, COLUMN B, LINE 3 ADDITIONAL INFORMATION RELATED TO BOND ISSUANCE (SERIES 2013B): THE TOTAL PROCEEDS FOR SERIES 2013B BOND ISSUE ARE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I, COLUMN (E), THE DIFFERENCE IS AN UNDERWRITERS DISCOUNT OF $618,639. Schedule K, Part V Different Procedures to Undertake Corrective Action Issuer name: CITY OF ATLANTIC BEACH, FL SCHEDULE K, ROW C, PART I, COLUMN (F) PURPOSE OF SERIES 2018A BONDS: TO FUND THE BEACON POINTE EXPANSION PROJECT, REPAY EXISTING NOTES PAYABLE, FUND REQUIRED ESCROW ACCOUNTS, AND PAY CERTAIN COSTS OF ISSUING THE SERIES 2018 BONDS. CUSIP. NO.: 048251BS0 048251BU5 048251BV3 048251BW1 048251BX9 048251BY7 048251BT8 048251BZ4 048251CA8 048251CB6 048251CC4 SCHEDULE K, PART II, COLUMN C, LINE 3 ADDITIONAL INFORMATION RELATED TO BOND ISSUANCE (SERIES 2018A): THE TOTAL PROCEEDS FOR SERIES 2018A BOND ISSUE ARE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I, COLUMN (E), THE DIFFERENCE IS A PREMIUM TO THEIR FACE VALUE OF $2,961,768.75 AND UNDERWRITER'S DISCOUNT OF $763,402.50. Schedule K, Part V Different Procedures to Undertake Corrective Action Issuer name: CITY OF ATLANTIC BEACH, FL SCHEDULE K, ROW D, PART I, COLUMN (F) PURPOSE OF SERIES 2018B BONDS: TO FUND THE BEACON POINTE EXPANSION PROJECT, REPAY EXISTING NOTES PAYABLE, FUND REQUIRED ESCROW ACCOUNTS, AND PAY CERTAIN COSTS OF ISSUING THE SERIES 2018 BONDS. (CUSIP NO. 048251CE0 AND 048251CD2) SCHEDULE K, PART II, COLUMN D, LINE 3 ADDITIONAL INFORMATION RELATED TO BOND ISSUANCE (SERIES 2018B): THE TOTAL PROCEEDS FOR SERIES 2018B BOND ISSUE ARE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I, COLUMN (E), THE DIFFERENCE IS A PREMIUM TO THEIR FACE VALUE OF $25,388.30 AND AN UNDERWRITER'S DISCOUNT OF $441,105. Form 990, Part VI, Line 6 Classes of members or stockholders THE SOLE MEMBER OF THE CORPORATION IS POLARIS ENDEAVORS, INC., A FLORIDA NOT-FOR-PROFIT CORPORATION AND AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3). Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The board of directors of the sole member of the corporation, Polaris Endeavors, Inc., a Florida not-for-profit corporation and an organization described under Section 501(c)(3), has the authority to elect members of the board of directors. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders THE BOARD OF DIRECTORS OF THE SOLE MEMBER, POLARIS ENDEAVORS, INC., A FLORIDA NOT-FOR-PROFIT CORPORATION AND AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE CODE, HAVE THE AUTHORITY TO MAKE CERTAIN GOVERNANCE DECISIONS FOR THE ORGANIZATION. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE FOR APPROVAL PRIOR TO BEING FILED WITH THE INTERNAL REVENUE SERVICE. IT IS DISTRIBUTED TO OTHER BOARD MEMBERS UPON FILING. Form 990, Part VI, Line 12c Conflict of interest policy THE ORGANIZATION'S EXECUTIVE COMMITTEE MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ANNUALLY. THE COMMITTEE REVIEWS ACTUAL CONFLICTS THAT ARE IDENTIFIED BY THE ANNUAL DISCLOSURE PROCESS AND PROHIBITS OFFICERS AND DIRECTORS FROM VOTING ON MATTERS WHERE ACTUAL CONFLICTS OF INTEREST EXIST. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE BOARD OF DIRECTORS HAS A FORMAL EXECUTIVE COMPENSATION PHILOSOPHY. THE COMPENSATION COMMITTEE UTILIZES AN INDEPENDENT CONSULTANT TO MONITOR THE COMPENSATION PROGRAM TO ENSURE COMPENSATION IS BOTH REASONABLE AND COMPETITIVE WITH THE EXTERNAL MARKET FOR TALENT. THE CONSULTANT UTILIZES PUBLISHED SURVEY DATA FOR APPROPRIATELY SIZED ORGANIZATIONS OF COMPARABLE INDUSTRIES TO DEFINE OUR MARKET. THE COMMITTEE CONTEMPORANEOUSLY DOCUMENTS AND MAINTAINS RECORDS WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT WHICH IS FORMALIZED THROUGH A WRITTEN EMPLOYMENT AGREEMENT WITH THE CEO. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in Value of gift annuities - -28568; Total - -28568; Form 990, Part XII, Line 2c THE FINANCE COMMITTEE IS RESPONSIBLE FOR THE SELECTION OF AN INDEPENDENT AUDIT FIRM AND OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. THERE WAS NO CHANGE IN THIS PROCESS FROM THE PRIOR YEAR. FLEET LANDING ENDOWMENT FUND INC ONE FLEET LANDING BLVD ATLANTIC BEACH FL 32233 593248806 PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS OF FLEET LANDING. FL 501(c)(3) 7 POLARIS ENDEAVORS INC false POLARIS ENDEAVORS INC ONE FLEET LANDING BLVD ATLANTIC BEACH FL 32233 882247298 DEVELOPMENT OF PROPERTY FL 501(c)(3) Type II NA false false false false false false false false false false false false true false true true false false true false