Vicar's Landing

Legal name: Life Care Ponte Vedra Inc

Nonprofit profile at a glance

EIN
592555812
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Ponte Vedra Beach, FL, US
Phone
904-285-6000
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Supportive Housing for Older Adults

Official website

Reported finances

Revenue
$52,910,509
Expenses
$51,902,286
Assets
$254,213,464
Liabilities
$284,988,046

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

Leadership & pay

17 people listed

Executive titles in this filing

  • D BRUCE JONES (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • D BRUCE JONES (CHIEF EXECUTIVE OFFICER): $454,933 total reported compensation
  • DARREN ROY (CHIEF FINANCIAL OFFICER): $298,692 total reported compensation
  • DALE PIRKLE (CHIEF OPERATING OFFICER): $265,147 total reported compensation

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

Overview

Mission

Making a True Difference in Senior Living

What it reported doing in 2024

Life care ponte vedra, inc. ("lcpv") is a not-for-profit corporation, which provides housing, healthcare, and other related services to senior adults through the operation of two retirement communities known as vicar's landing located ponte vedra beach, Florida. The vicar's landing at sawgrass retirement community ("sawgrass") opened in 1987 and consists of 227 independent residential units, 38 assisted living units, and a 60-bed skilled nursing center. The vicar's landing at oak bridge retirement community ("oak bridge") opened in august 2022 and when phase i of the expansion is completed will include 109 independent living units. Phase ii of the oak bridge campus was completed and includes an additional 33 independent units, and remaining phases will include assited living/memory care units and related common areas on an approximately 42-acre parcel of land located less than one mile from the sawgrass campus. The sole corporate member of lcpv is life care pastoral services, inc. (lcps). Lcps is also the sole corporate member of lcps management, inc. Lcps management provides management, operational, and administrative services for the organization and other lcps entities.

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 99% 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

STRONG - 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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 74
  • Accountability: 100
  • Sustainability: 52
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.3%; rating input score 91
  • Program expense ratio: 90.1%; rating input score 90
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th 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: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 77th 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: 1.9%; rating input score 42; 42nd percentile among comparable filings
  • Total-asset coverage ratio: 4.9; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 1.12; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 1.9%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 8.6% per year; rating input score 100; 67th percentile among comparable filings
  • Revenue growth: 6.5% per year; rating input score 100; 56th percentile among comparable filings
  • Asset growth: 12.7% per year; rating input score 100; 80th percentile among comparable filings

Details

  • What they do: 3 programs and campaigns described on the official site · 2 operating locations identified
  • Where the money goes: 91.3% of revenue deployed · 90.1% of spending went to programs
  • Governance: 8 of 8 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $46.8M in reported program spending
  • Leadership: top reported pay $455K · 17 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $6.6M reported
  • Consistency: 39 of 39 current checks pass
  • Schedules: 7 filed schedules · includes grants, executive pay, and related organizations
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 6 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.

Key Signals

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

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Sustainability: Operating margin scored 42/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.