Cypress Cove At Healthpark Florida Inc
93% goes to programs $3 to raise $100 Thin reserves Growing revenue
Cypress Cove At Healthpark Florida Inc is a 501(c)(3) organization based in Fort Myers, Florida, registered in 1996, with $62,082,353 in FY2023 revenue. CharityIndex grades it C, and it directs about 93% of spending to programs.
10200 Cypress Cove Dr, Fort Myers, FL, 33908 EIN 65-0610085 Since 1996
Revenue (FY2023)
$62.1M
▲ 20.3% vs prior year
Human Services median: $293K
Expenses (FY2023)
$60.5M
Net assets
-$37.5M
Employees
533
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating93% to programs · $3 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Cypress Cove At Healthpark Florida Inc: 93% to programs · $3 to raise $100 earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · +3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Cypress Cove At Healthpark Florida Inc: 0 mo reserves · +3% margin earns a F on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Cypress Cove At Healthpark Florida Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Cypress Cove At Healthpark Florida Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Create & sustain a continuing care retirement community at healthpark, fl at a reasonable cost.
What they do
Our health center provides 88 assisted living units, 44 memory care assisted living units and 64 skilled nursing units, as well as a modern rehab therapy gym. we fulfill our mission by: 1) maintaining a high quality continuing care program with provisions for assisted living and nursing care as is appropriate, considering the needs of the individual resident 2) offering an environment where residents are responsible for organizing their own lives, yet know that should they need it, support is available 3) promoting innovative programs and services, wellness, healthful living and the opportunity for residents to live longer, healthier and more fulfilling lives.
Contact & location
- Address
- 10200 Cypress Cove Dr, Fort Myers, FL, 33908
- City
- Fort Myers
- State
- Florida
- Category
- Human Services
- Subcategory
- Residential Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $32.0M (FY2013) to $62.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $335.6MNet assets -$37.5M
Operating margin
2.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$298.1M
Total liabilities
$335.6M
Net assets
-$37.5M
Salaries & benefits
$22.2M
37% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $62,082,353▲20.3% | $60,462,977▲15.0% | -$37,473,909▼1.2% | $298,109,997▼4.5% | 990 |
| 2022 | $51,610,569▲27.1% | $52,566,674▲10.4% | -$37,045,231▲8.4% | $312,147,126▲30.7% | 990 |
| 2021 | $40,594,599▲21.9% | $47,611,438▲12.2% | -$40,462,258▲2.1% | $238,772,906▲44.6% | 990 |
| 2020 | $33,291,550▼18.5% | $42,449,328▼2.4% | -$41,331,237▼20.2% | $165,133,632▲11.4% | 990 |
| 2019 | $40,844,115▼3.7% | $43,512,388▲1.2% | -$34,374,978▼10.1% | $148,266,197 | 990 |
| 2018 | $42,392,189▲6.2% | $42,992,934▲5.8% | -$31,233,947▼1.9% | $148,274,766▲0.8% | 990 |
| 2017 | $39,931,651▲7.4% | $40,641,054▲5.6% | -$30,661,219▼4.5% | $147,045,694▲9.3% | 990 |
| 2016 | $37,168,191▲12.1% | $38,477,652▲12.7% | -$29,353,460▼2.4% | $134,593,303▲0.8% | 990 |
| 2015 | $33,164,836▲0.9% | $34,138,279▲4.9% | -$28,673,578▼1.6% | $133,460,301▲0.2% | 990 |
| 2014 | $32,877,058▲2.7% | $32,533,908▲0.1% | -$28,232,278▲0.1% | $133,257,041▲22.2% | 990 |
| 2013 | $32,027,074 | $32,493,624▲8.4% | -$28,248,774▼0.9% | $109,034,903▲8.5% | 990 |
| 2012 | — | $29,977,136▲3.2% | -$27,991,886▼23.2% | $100,459,685▲3.4% | 990 |
| 2011 | — | $29,039,236▲1.2% | -$22,715,235▼27.2% | $97,109,924▲2.8% | 990 |
| 2010 | — | $28,707,102▲0.6% | -$17,852,050▼25.7% | $94,495,403▼4.3% | 990 |
| 2009 | — | $28,524,556 | -$14,196,611 | $98,720,575 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Mary E Franklin — $276,935 (0.46% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mary E Franklin | Executive Director | 40 | $276,935 |
| Matthew B Lessig | Assoc. Exec. Director (thru 05/24) | 27 | $199,054 |
| Raymond S Berry | Director of Facilities | 40 | $157,054 |
| Maureen V Oravec | Sales Manager | 40 | $154,728 |
| Melody J Desilets | Community Advancement Officer | 40 | $129,176 |
| Amy Drew | Retirement Counselor | 40 | $126,186 |
| Kimberly A Scott | Skilled Nursing Director | 40 | $112,094 |
| Bruce Strayhorn | Director | 2 | — |
| Charles Edwards Sr | Chairman | 2 | — |
| Claudia Cowart | Director | 2 | — |
| Dan Adams | Vice Chair | 2 | — |
| Dawson Mcdaniel | Secretary | 2 | — |
| Dorothy Fitzgerald | Director | 2 | — |
| Joe Catti | Treasurer | 2 | — |
| Rita Mcsharry | Director | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Key Benefit Administrators Inc | Healthcare | $1,760,765 |
| Lee Fp Inc | Management Fees | $1,741,235 |
| Spx Cooling Technologies LLC | Air Handling | $530,244 |
| Aegis Therapies Inc | Therapy Services | $416,483 |
| Shoreline Property Company LLC | Building | $304,095 |
Grants received · $95K total
4 grants to Cypress Cove At Healthpark Florida Inc totaling $95K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | General operating support | 2024 | $10,000 |
| Donor Advised Charitable Giving | Human services | 2022 | $10,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2020 | $55,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $19,705 |
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Compare Cypress Cove At Healthpark Florida Inc
Frequently asked questions
- Is Cypress Cove At Healthpark Florida Inc a legitimate nonprofit?
- Yes. Cypress Cove At Healthpark Florida Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 65-0610085, based in Fort Myers, Florida. Donations are tax-deductible.
- What is Cypress Cove At Healthpark Florida Inc's EIN?
- Cypress Cove At Healthpark Florida Inc's Employer Identification Number (EIN) is 65-0610085.
- How much revenue does Cypress Cove At Healthpark Florida Inc report?
- Cypress Cove At Healthpark Florida Inc reported $62,082,353 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Cypress Cove At Healthpark Florida Inc's spending goes to programs?
- Cypress Cove At Healthpark Florida Inc spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Cypress Cove At Healthpark Florida Inc have?
- CharityIndex grades Cypress Cove At Healthpark Florida Inc C, based on program efficiency and fundraising cost.
- How much does Cypress Cove At Healthpark Florida Inc's highest-paid employee make?
- The highest reported compensation on Cypress Cove At Healthpark Florida Inc's latest Form 990 is $276,935, paid to Mary E Franklin (Executive Director).
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Data for Cypress Cove At Healthpark Florida Inc (EIN 65-0610085) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.