Bonita Springs Retirement Village
Also known as The Terraces at Bonita Springs
Bonita Springs Retirement Village reported $24.4 million in revenue and $32.6 million in expenses for calendar year 2024. Of every $100 it spent, $75.30 went to program services, $24.70 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 96.6% of the total. The highest compensation it reported for one person was $6,665,199 (PRESIDENT & CEO (THRU 10/31/2024)). 8 people received more than $100,000 in reportable compensation. Revenue rose 25% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $33MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $24MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 75.3% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 24.7% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.3% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 96.6% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $6,665,199 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 20.45% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 8 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 0.0 | 10.0 |
| Independent voting board members Part VI 1a–1b | 2 of 4 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseBonita Springs Retirement Village, inc. Dba the terraces at Bonita Springs provides life care services to senior adults aged 62 and older that include independent living housing, dining and nutritional services, pastoral services, security, housekeeping, maintenance services and social, cultural, educational, spiritual and recreational activities. In addition, when a resident's health care needs change, Bonita Springs Retirement Village, inc. Dba the terraces at Bonita Springs offers assisted living, memory care, skilled nursing care and hospice services. At december 31, 2024, Bonita Springs…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO (THRU 10/31/2024) Director/trustee, officer, 1.00 hrs/week | $0 | $6,604,896 | $60,303 | $6,665,199 |
| PRESIDENT & CLO (THRU 10/31/2024) Officer, 1.00 hrs/week | $0 | $1,752,513 | $55,883 | $1,808,396 |
| CEO/CHAIRMAN/DIRECTOR (EFF. 11/1/24) Director/trustee, officer, 1.00 hrs/week | $0 | $873,088 | $922,751 | $1,795,839 |
| ASSISTANT SECRETARY (EFF. 11/1/24) Officer, 1.00 hrs/week | $0 | $499,910 | $493,396 | $993,306 |
| PRES./VICE CHAIR/DIR.(EFF. 11/1/24 Director/trustee, officer, 1.00 hrs/week | $0 | $637,993 | $276,649 | $914,642 |
| ASSISTANT SECRETARY (EFF. 11/1/24) Officer, 1.00 hrs/week | $0 | $458,040 | $144,921 | $602,961 |
| EXECUTIVE DIRECTOR Highest compensated employee, 45.00 hrs/week | $27,914 | $328,858 | $93,187 | $449,959 |
| TREASURER (EFF. 11/1/24) Officer, 1.00 hrs/week | $0 | $367,783 | $33,889 | $401,672 |
8 people received more than $100,000 in reportable compensation from Bonita Springs Retirement Village (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b4 · 2 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5306
- Volunteers Part I, line 62
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| POLSINELLI PC Legal services | $1,347,243 |
| SANTAFE HEALTHCARE INC Management services | $980,000 |
| FTI CONSULTING INC Consulting services | $924,812 |
| EVOLUTION E&S CORP Construction | $835,682 |
| SANTAFE MANAGEMENT SERVICES LLC Management services | $538,057 |
Individuals listed as contractors are left out. 16 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Bonita Springs Retirement Village's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Bonita Springs Retirement Village, you can publish a response that is linked from this page.
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Of every $100 Bonita Springs Retirement Village spent in 2024, $75.30 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Friendship PlaceWashington, DC · revenue $24M · programs 86.8% · FY2025
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- Montgomery Housing PartnershipSilver Spring, MD · revenue $24M · programs 78.5% · 2024
- The Coachella Valley Housing CoalitionIndio, CA · revenue $24M · programs 95.1% · FY2025
All housing & shelter charities · Largest charities in Pennsylvania
Questions people ask
How much of Bonita Springs Retirement Village's spending goes to programs?
In calendar year 2024, Bonita Springs Retirement Village reported that 75.3% of its $32.6 million in expenses went to program services, 24.7% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Bonita Springs Retirement Village pay its top executive?
The largest total compensation Bonita Springs Retirement Village reported for one person in calendar year 2024 was $6,665,199, for the role of PRESIDENT & CEO (THRU 10/31/2024) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Bonita Springs Retirement Village get its money?
Of $24.4 million in revenue in calendar year 2024, 0.3% came from contributions and grants and 96.6% from program service revenue (Form 990, Part VIII).
Is Bonita Springs Retirement Village a registered charity?
The IRS lists EIN 26-2386152 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513189349306571 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423209349324912 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323129349303702 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203049349302180 · read the filing
- 2020: Form 990 for calendar year 2020, object 202142989349301044 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013019349301576 · read the filing
All filings for EIN 26-2386152: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.