2025-11-10T10:51:17+00:00 2024-12-31 440160260 Forvis Mazars LLP 255 South Orange Avenue Suite 600 Orlando FL 32801 990 2024-01-01 203537708 CCRC Development Corporation Inc CCRC 4075436350 2110 HESTIA LOOP OVIEDO FL 32765 ALBERT FRANCIS PRESIDENT 4075436350 2025-11-10 true true Harry Harp P00176471 4077405400 2025-10-15 2024 2025-03-06 01:10:19Z LEGACY POINTE AT UCF ALBERT FRANCIS 2110 HESTIA LOOP OVIEDO FL 32765 23715681 false X WWW.LEGACYPOINTEATUCF.COM X 2005 FL TO PROMOTE EDUCATION, RESEARCH AND COMMUNITY SERVICE THROUGH OPERATION OF A RETIREMENT COMMUNITY. 10 10 394 40 0 0 0 12288389 22890157 1120747 825524 0 0 13409136 23715681 0 0 0 3883787 9462059 0 0 0 18312994 21432922 22196781 30894981 -8787645 -7179300 167664067 169621186 198489692 205867531 -30825625 -36246345 TO PROVIDE HOUSING, HEALTHCARE AND ASSISTIVE SERVICES TO THE ELDERLY THROUGH THE DEVELOPMENT OF AND OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY FOR SENIORS WHEREBY THEY CAN FIND ENRICHMENT THROUGH LIFE-LONG LEARNING, STATE-OF-THE ART WELLNESS, AND PARTICIPATION IN THE DAILY ACTIVITIES OF THE UNIVERSITY OF CENTRAL FLORIDA ("UCF") BY INTEGRATING THE SERVICES OF UCF COLLEGES WITHIN THE CCRC AND PROVIDING INTERNSHIP OPPORTUNITIES FOR STUDENTS. WE WILL BRING THE LIFE EXPERIENCES OF THE MEMBERS OF THE CCRC TO THE STUDENTS OF THE UNIVERSITY THROUGH MENTORING AND THE DEVELOPMENT OF OTHER INTERGENERATIONAL PROGRAMS TO FACILITATE THE CREATION OF A MULTI-GENERATIONAL UNIVERSITY CAMPUS. WE WILL PARTNER WITH THE LEARNING INSTITUTE FOR ELDERS (LIFE) GROUP AT UCF, WHICH WILL PROVIDE EDUCATIONAL PROGRAMMING FOR THE MEMBERS OF THE CCRC. false false 27838070 22890157 The Continuing Care Retirement Community ("CCRC") near the UCF Campus provides, on a non-profit basis, housing, dining, housekeeping, laundry, transportation, activities, assisted living care, memory support care, and skilled nursing care. The CCRC opened at the end of December 2021 and has 140 independent living apartments, 32 villas, and 48 assisted living apartments, 32 memory supports apartments, and 48 skilled nursing beds. 27838070 true false false false false false false false true false true false false false true true true false false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false false false true 101 0 true 394 true false false false false false false false false false false false false X 10 10 false true false false false false false true true false false false true true true true true true true true false false FL X ELEONORA CSOMORTANY 4072781562 2120 HESTIA LOOP OVIEDO FL 32765 Bert Francis Board Preisdent 1.5 X X 0 0 0 PHILIP ANDERSON EXECUTIVE VP/TREASURER 1.5 X X 0 0 0 ADRIENNE FRAME DIRECTOR 1.5 X 0 0 0 Dean Cynthia Mejia DIRECTOR 1.5 X 0 0 0 Jorge Amaro DIRECTOR 1.5 X 0 0 0 Patricia Lafferty DIRECTOR 1.5 X 0 0 0 TERRY BANGS DIRECTOR 1.5 X 0 0 0 TODD BOWERS DIRECTOR 1.5 X 0 0 0 TRACY FAGAN DIRECTOR 1.5 X 0 0 0 Yunying Zhong DIRECTOR 1.5 X 0 0 0 DAVID KRAMER EXECUTIVE DIRECTOR 40.0 X 0 0 0 Gina Doyongan Ampong Skilled Nursing MDS Coordinator 40.0 X 156092 0 0 Jennifer A Giddings Assisted Living Nurse Manager 40.0 X 106143 0 0 Kevin J Smaage Director of Health Services 40.0 X 128858 0 0 Margaret Chalarca Director of Business Development 40.0 X 118807 0 0 Norris Patty Sales Counselor 40.0 X 125298 0 0 635198 0 0 6 false true false GMSC Florida LLC 220 E Las Colinas Blvd Irving TX 75039 Development Advisory Services 965535 Anstey Hodge Advertising Group 120 Commonwealth Ave Roanoke VA 240161919 Marketing Agency 732952 Superior Medical Staffing LLC PO Box 4729 Winter Park FL 327934729 Staffing and recruiting agency 683440 Quality Care Rehab Inc 8477 S Suncoast Blvd Homosassa FL 34446 Home Health Agency 653588 Sysco Central Florida Inc 200 West Story Road Ocoee FL 34761 Food Vendor 581065 18 0 INDEPENDANT LIVING FEES 623990 9649746 9649746 Medicare SNF Revenue 623990 4605736 4605736 ASSISTED LIVING FEES 623990 3763096 3763096 ENTRANCE FEES 623990 2672587 2672587 SKILLED NURSING AND THERAPY 623990 1964452 1964452 234540 234540 0 0 22890157 825524 825524 0 0 0 0 0 0 0 0 0 0 23715681 22890157 0 825524 7774276 6931182 843094 1105677 985770 119907 582106 518979 63127 536115 470301 65814 3079907 2772655 307252 0 824811 165512 659299 955106 683856 271250 109586 21917 87669 2325926 2260220 65706 144923 2015 142908 7378379 7235475 142904 4062117 3967149 94968 671015 542960 128055 DIETARY 1128345 1105580 22765 TRAINING AND EMPLOYEE R 215489 173320 42169 MISCELLANEOUS 1203 1179 24 0 0 0 0 30894981 27838070 3056911 0 682980 1643968 19052597 12149784 903509 2267995 0 0 0 0 26681 70693 409437 517383 152983050 9368834 145713598 143614216 9252975 0 0 875265 104172 167664067 169621186 1075178 2936423 58639662 22128672 129398113 124156302 290452 46837 0 0 2847182 2847182 6239105 53752115 198489692 205867531 X -30825625 -36246345 -30825625 -36246345 167664067 169621186 X -7179300 43580 1715000 X false true true false X 0 4252 5905078 12288389 22890157 41087876 0 0 0 0 4252 5905078 12288389 22890157 41087876 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 41087876 330211 1120747 825524 2276482 0 0 0 330211 1120747 825524 2276482 0 0 0 0 0 0 0 0 4252 6235289 13409136 23715681 43364358 0.94750 0.92615 0.05 0.0738 X false true X 7821056 7821056 141360910 8118937 133241973 0 0 0 3694846 1249897 2444949 0 106238 106238 143614216 Federal Income Taxes ACCRUED INTEREST 875019 FUTURE SERVICE OBLIGATION 3620000 REFUNDABLE ENTRANCE FEES 49257096 53752115 X 25474261 43580 1715000 1758580 23715681 0 0 23715681 30894981 0 0 30894981 0 0 30894981 Schedule D, Part IV, Line 2b Explanation of escrow agreement THE ORGANIZATION'S ESCROW ACCOUNT CONTAINS DEPOSITS RECEIVED FROM PROSPECTIVE FUTURE RESIDENTS AND ENTRANCE FEES PAID BY CURRENT RESIDENTS THAT MUST BE HELD FOR 7 DAYS. DEPOSITS RECEIVED FROM PROSPECTIVE RESIDENTS ARE REQUIRED TO BE MAINTAINED IN SEPARATE ESCROW ACCOUNTS FOR THEIR BENEFIT AND ARE NOT AVAILABLE FOR OTHER USES. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE ORGANIZATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NOT-FOR-PROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 CHANGE IN ESTIMATED FUTURE SERVICE OBLIGATIONS - 1715000 X X false false false false false false false false false Gina Doyongan Ampong Skilled Nursing MDS Coordinator 156092 0 0 0 0 0 0 0 0 0 156092 0 0 0 A Seminole County Industrial Development 592349746 81669TAA6 2019-12-30 172885000 See Part VI false false false A 45290000 0 172885000 12637850 15891170 3234139 138556181 2565660 2023 true true false true A false false false false false false 0 0 0.0 false false 0 false true A false true false false true false 0 false false false 0 false false true A true Schedule K, Part I Bond Issues (A) ISSUER NAME: SEMINOLE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY TAX-EXEMPT RETIREMENT Schedule K, Part I Bond Issues (C) CUSIP #: SERIES 2019A - 81669TAA6; 81669TAB4; 816669TAC2; 81669TAD0. SERIES 2019B-1 - 81669TAE8 SERIES 2019B-2 - 81669TAF5 Schedule K, Part I Bond Issues (F) DESCRIPTION OF PURPOSE: THE PROCEEDS OF THE BONDS WILL BE USED TO (I.) FINANCE THE COST OF CONSTRUCTING, DEVELOPING, AND MARKETING, ACQUIRING AND EQUIPPING OF A CONTINUING CARE COMMUNITY (INCLUDING THE LAND ON WHICH THE COMMUNITY WILL BE LOCATED), ALL LOCATED OR TO BE LOCATED ON THE ORGANIZATION'S CAMPUS IN OVIEDO, SEMINOLE COUNTY, FLORIDA AND TO BE KNOWN AS LEGACY POINTE AT UCF, (II.) REFINANCE ALL OF THE OUTSTANDING SEMINOLE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY REVENUE BOND ANTICIPATION NOTES, SERIES 2016 AND 2018 BOND ISSUES, THE ORGANIZATION'S PROMISSORY NOTE TO THE UNIVERSITY OF CENTRAL FLORIDA REAL ESTATE FOUNDATION, INC., (III.) FUND, FOR A PERIOD OF 28 MONTHS, INTEREST ON THE BONDS (FOR THE CONSTRUCTION PERIOD AND A PORTION OF THE ANTICIPATED FILL-UP PERIOD FOR THE PROJECT, (IV.) FUND CERTAIN INCENTIVE PAYMENTS TO BE EARNED AND PAYABLE TO THE DEVELOPMENT CONSULTANT ONLY AFTER CERTAIN PROJECT OUTCOME EVENTS ARE MET, (V.) FUND DEBT SERVICE RESERVE FUNDS AND (VI.) PAY ISSUANCE COSTS ASSOCIATED WITH THE ISSUANCE OF THE BONDS. Form 990, Part VI, Line 15 PROCESS FOR ESTABLISHING COMPENSATION THE MANAGEMENT COMPANY REGULARLY MONITORS COMPENSATION LEVELS OF SIMILAR ORGANIZATIONS AND DEVELOPMENTS PAY RANGES FOR EMPLOYEE POSITIONS, INCLUDING THE CEO AND OTHER TOP MANAGEMENT OFFICIALS. EMPLOYEE CONTRACTS ARE REVIEWED AND APPROVED BY THE BOARD. Form 990, Part VI, Line 3 Delegation of management duties THE ORGANIZATION HAS ENGAGED GREYSTONE MANAGEMENT COMPANY TO PERFORM MANAGEMENT DUTIES. THE ORGANIZATION'S EXECUTIVE DIRECTOR IS EMPLOYED BY THE MANAGEMENT COMPANY. DURING THE 2024 CALENDAR YEAR, THE EXECUTIVE DIRECTOR RECEIVED $ 199,822 IN COMPENSATION FROM GREYSTONE MANAGEMENT COMPANY, RESPECTIVELY. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FINANCE COMMITTEE CONDUCTS A COMPREHENSIVE REVIEW OF THE FORM 990 BEFORE IT IS FILED. A COPY OF THE RETURN, AS ULTIMATELY FILED, IS MADE AVAILABLE TO EACH VOTING MEMBER OF THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy NO MEMBER OF THE BOARD OF DIRECTORS SHALL HAVE A MATERIAL PERSONAL INTEREST, EITHER DIRECTLY OR INDIRECTLY, IN CONFLICT WITH THE INTERESTS OF THE CORPORATION, UNLESS THE INTEREST IS DISCLOSED AND APPROVED. IF A CONFLICT OF INTEREST DOES OCCUR, IT MUST BE DISCLOSED TO THE BOARD OF DIRECTORS, WHO MAY REQUIRE THE DIRECTOR INVOLVED TO ABSTAIN FROM VOTING WITH RESPECT TO MATTERS INVOLVNG THE CONFLICT. THE BOARD OF DIRECTORS SHALL DECIDE WHAT ACTION, IF ANY, TO TAKE IN LIGHT OF A CONFLICT OF INTEREST. SUCH ACTION MAY INCLUDE ACCEPTING THE DIRECTOR'S ABSTENTION, REQUIRING THE DIRECTOR TO TERMINATE THE CONFLICT OF INTEREST OR CAUSING THE DIRECTOR'S APPOINTMENT TO BE TERMINATED. IN ADDITION TO THE LIMITATIONS ON CONFLICTS OF INTEREST, NO DIRECTOR SHALL ENTER INTO A TRANSACTION WITH OR HAVE ANY DEALING WITH THE CORPORATION UNLESS THE TRANSACTION OR DEALING IS DISCLOSED FULLY TO ALL MEMBERS OF THE BOARD OF DIRECTORS, AND THE BOARD OF DIRECTORS APPROVES THE TRANSACTION BY A VOTE OF THREE-FOURTHS OF ALL DIRECTORS (EXCLUDING THE INTERESTED DIRECTORS) ATTENDING THE MEETING. 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 VIII, Line 2f Other Program Service Revenue OTHER REVENUE - Total Revenue: 234540, Related or Exempt Function Revenue: 234540, 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 ESTIMATED FUTURE SERVICE OBLIGATIONS - 1715000; Total - 1715000; Form 990, Part XII, Line 2c THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE SELECTION, MONITORING AND EVALUATION OF AN INDEPENDENT AUDIT FIRM AND OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. THE BOARD OF DIRECTORS HAS ESTABLISHED AN AUDIT COMMITTEE TO FACILITATE THE EXECUTION OF ITS AUDIT OVERSIGHT RESPONSIBILITIES.