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Florida Living Options Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 364467489 ✦ Galesburg, IL ✦ Designated as a 501(c)(3)

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Overview

What is Florida Living Options Inc?

Florida Living Options Inc is a charitable organization, headquartered in Galesburg, Illinois, with a mission to provide and operate skilled nursing facilities, assisted living facilities, and independent living facilities for eligible residents. Established with the purpose of serving the elderly, mentally retarded, mentally ill, developmentally disabled, and others, this nonprofit operates with a dedication to equality, disregarding factors such as race, religion, color, sex, creed, or national origin. As of tax year 2021, Florida Living Options Inc operated eight facilities, offering a combined total of 702 beds. Despite selling these facilities during the aforementioned year, the organization continues its operations, boasting a workforce of 648 employees.

Is Florida Living Options Inc legitimate?

Florida Living Options Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Living Options Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Florida Living Options Inc?

Florida Living Options Inc's mission, as articulated in its articles of incorporation, is centered around charitable purposes. The organization is dedicated to building, leasing, acquiring, and operating housing, nursing facilities, continuous care retirement communities, and other related services for the elderly, mentally retarded, mentally ill, developmentally disabled, and individuals with similar conditions. This is done without discrimination based on race, religion, color, sex, creed, or national origin. The organization's primary objective is to make distributions to tax-exempt organizations under Section 501(C)(3) of the Internal Revenue Code of 1986, as amended, to further these charitable purposes.

Who is the CEO of Florida Living Options Inc?

Charles D Westbay is the President & Director of Florida Living Options Inc.

What is the revenue of Florida Living Options Inc?

Florida Living Options Inc's revenue in 2022 was -$368,375.

Who are the executives of Florida Living Options Inc and what are their salaries?

There are 648 employees at Florida Living Options Inc.


Here are 6 key members and their salaries:


Charles D Westbay (President & Director)
  • Compensation: $3,000
  • Related: $0
  • Other: $0
John Crock (Vice President & Director)
  • Compensation: $3,000
  • Related: $0
  • Other: $0
John Thompson (Secretary & Director)
  • Compensation: $3,000
  • Related: $0
  • Other: $0
Dale Fenwick (Director)
  • Compensation: $3,000
  • Related: $0
  • Other: $0
Kenneth Harkins (Director)
  • Compensation: $1,500
  • Related: $0
  • Other: $0
Ron Wilson Flasc Inc (Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Florida Living Options Inc?

Florida Living Options Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Florida Living Options Inc

Florida Living Options Inc, as per its articles of incorporation, is a charitable organization with a mission to serve the elderly, mentally retarded, mentally ill, developmentally disabled, and individuals with similar conditions. Their purpose is twofold: firstly, they build, lease, acquire, and operate housing, nursing facilities, continuous care retirement communities, and related services for these individuals. Secondly, they distribute funds to other tax-exempt organizations under Section 501(c)(3) of the Internal Revenue Code, furthering their charitable objectives. Florida Living Options Inc operates without discrimination based on race, religion, color, sex, creed, or national origin, ensuring equal opportunities for all.

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Impact




October, 2024

Florida Living Options Inc significantly impacts the community by providing essential housing and care services for vulnerable populations, specifically the elderly and individuals with special needs. The organization has operated skilled nursing facilities, assisted living facilities, and independent living arrangements, catering to a diverse range of residents.

With a history of managing eight facilities and 702 combined beds, Florida Living Options Inc has played a crucial role in supporting the health and well-being of its residents. By focusing on inclusive services that do not discriminate based on race, religion, sex, creed, or national origin, the organization demonstrates its commitment to equitable access to care.

The realignment of its focus after selling its facilities in 2021 suggests an adaptability in their mission to continue serving the community's needs, particularly in providing quality housing and health-related support for those who are elderly or have developmental and mental health challenges. Through these services, Florida Living Options Inc fosters a supportive environment that promotes dignity, respect, and independent living for its residents.




This information is meant to be a general summary of Florida Living Options Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
-$368,375 (2022)
Expenses
$1,552,649 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$2,661,350
  • Program Service Revenue: $166,201
  • Gross Receipts: $2,298,460

Assets and Liabilities:

  • Total Assets: $5,692,196
  • Total Liabilities: $13,148,286
  • Net Assets: -$7,456,090

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEDICARE & MEDICAID

Revenue

$101,644

RESIDENT PRIVATE PAY

Revenue

$64,557

Organization Details

Founding Year

2001

Principal Officer

Charles D Westbay

Main Address

285 SOUTH FARNHAM STREET, GALESBURG, IL, 61401

NTEE Category

Code: E91 - Health

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