East Ridge Retirement Village Inc
Nonprofit profile at a glance
- EIN
- 590903331
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Gainesville, FL, USA
- Phone
- 3525548575
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Supportive Housing for Older Adults
Reported finances
- Revenue
- $29,427,423
- Expenses
- $38,731,795
- Assets
- $75,105,650
- Liabilities
- $108,392,677
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- LAWRENCE G SCHREIBER (Former President & CEO/Director)
- MIGUEL L PARKS (EXECUTIVE DIRECTOR)
Highest reported compensation
- LAWRENCE G SCHREIBER (Former President & CEO/Director): $6,649,928 total reported compensation
- STEVEN ZIEGLER (PRESDIENT & CLO): $1,800,349 total reported compensation
- SACASHA K BROWN (SENIOR DIRECTOR OF HEALTH SERVICES): $192,664 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of east ridge retirement village, inc. Is to provide affordable housing, meals, health care and related services to senior citizens. This mission is accomplished through various means: services are provided 24 hours a day, 7 days a week, 365 days a year to approximately 342 senior residents. To the extent of its financial ability, east ridge retirement village, inc. Makes every effort to continue providing services to residents who become unable to pay.
What it reported doing in 2024
East ridge retirement village provided three meals daily to senior residents and tray service to individuals located in the skilled nursing center or those unable to leave their apartments. Total meals served in 2024 were approximately 157,680.
Operating model
- Revenue model
- Other-operating. 98% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 69
- Accountability: 59
- Sustainability: 28
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 77.3%; rating input score 77
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 28.6%; rating input score 29; 7th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -31.6%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 1.94; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 1.44; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 2.8%; rating input score 70; 70th percentile among comparable filings
Growth
- Program expense growth: 5.5% per year; rating input score 100; 45th percentile among comparable filings
- Revenue growth: 5.1% per year; rating input score 100; 45th percentile among comparable filings
- Asset growth: 4.1% per year; rating input score 100; 29th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 77.3% of spending went to programs
- Governance: 2 of 7 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $29.9M in reported program spending
- Leadership: top reported pay $6.6M · 15 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.4M reported
- Consistency: 35 of 35 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Accountability: Independent voting board scored 29/100.
- High — Sustainability: Operating margin scored 3/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.