ACTS Retirement-Life Communities

Legal name: Acts Retirement Services Inc

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

11 people listed

GERALD T GRANT (CEO & DIRECTOR): $1,795,839 total reported compensation
GLENN D FOX (SECRETARY): $993,306 total reported compensation
KAREN I CHRISTIANSEN (PRESIDENT & ASSISTANT SECRETARY): $914,642 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

The mission of Acts and The Terraces at Bonita Springs is focused on enhancing the lives of our residents, not on generating profit for investors.

Acts retirement services, inc., as the supporting organization, oversees the mission and provides overall strategic direction for the acts entities.

Revenue model: No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model: No current program activity. The filing reports no program spending for the current year.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 75%; rating input score 75; 1st percentile among comparable filings
Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 75%; rating input score 75; 24th percentile among comparable filings
Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail

What they do: 2 programs and campaigns described on the official site · 9 operating locations identified
Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 6 of 8 board members independent · 7 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $1.8M · 11 people listed · 0 of 6 pay-setting controls reported
Consistency: 7 of 9 current checks pass · 2 findings to review
Schedules: 4 filed schedules · includes executive pay
Filing history: 13 filing years from 2010 to 2024
Contacts: How to reach this organization
Related organizations: 8 filed related-organization links
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.

High — Transparency & Controls: Pay-setting controls scored 0/100.
Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
Review — Accountability: Governance controls: Independent financial-statement audit not reported.