Nonprofit · EIN 20-3537708
CCRC DEVELOPMENT CORPORATION
Tax-exempt (reinstated) · OVIEDO, FL 32765
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $23,715,681 | $30,894,981 | -$7,179,300 | $169,621,186 | $205,867,531 | -$36,246,345 |
| December 31, 2023 | 990 | $13,409,136 | $22,196,781 | -$8,787,645 | $167,664,067 | $198,489,692 | -$30,825,625 |
| December 31, 2022 | 990 | $6,235,289 | $12,092,773 | -$5,857,484 | $211,986,794 | $232,590,774 | -$20,603,980 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $22,890,157
- Investment income
- $825,524
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $7,774,276
- Salaries, compensation and benefits (total)
- $9,462,059
- Professional fundraising fees
- $0
- Occupancy
- $2,325,926
- Travel
- $144,923
- Depreciation
- $4,062,117
- Program services (functional)
- $27,838,070
- Management and general (functional)
- $3,056,911
Balance sheet and other
- Total assets, start of year
- $167,664,067
- Total assets, end of year
- $169,621,186
- Total liabilities, end of year
- $205,867,531
- Net assets, end of year
- -$36,246,345
- Land, buildings and equipment
- $143,614,216
- Publicly traded securities
- $9,252,975
- Net assets without donor restrictions
- -$36,246,345
- Gross receipts
- $23,715,681
- Employees
- 394
- Volunteers
- 40
- Year formed
- 2005
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gina Doyongan Ampong | Skilled Nursing MDS Coordinator Highest-paid employee | 40 | $156,092 |
| Kevin J Smaage | Director of Health Services Highest-paid employee | 40 | $128,858 |
| Norris Patty | Sales Counselor Highest-paid employee | 40 | $125,298 |
| Margaret Chalarca | Director of Business Development Highest-paid employee | 40 | $118,807 |
| Jennifer A Giddings | Assisted Living Nurse Manager Highest-paid employee | 40 | $106,143 |
| Bert Francis | Board Preisdent Trustee or director, Officer | 1.5 | $0 |
| PHILIP ANDERSON | EXECUTIVE VP/TREASURER Trustee or director, Officer | 1.5 | $0 |
| ADRIENNE FRAME | DIRECTOR Trustee or director | 1.5 | $0 |
| Dean Cynthia Mejia | DIRECTOR Trustee or director | 1.5 | $0 |
| Jorge Amaro | DIRECTOR Trustee or director | 1.5 | $0 |
| Patricia Lafferty | DIRECTOR Trustee or director | 1.5 | $0 |
| TERRY BANGS | DIRECTOR Trustee or director | 1.5 | $0 |
| TODD BOWERS | DIRECTOR Trustee or director | 1.5 | $0 |
| TRACY FAGAN | DIRECTOR Trustee or director | 1.5 | $0 |
| Yunying Zhong | DIRECTOR Trustee or director | 1.5 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID KRAMER | EXECUTIVE DIRECTOR Officer | 40 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALBERT FRANCIS III | PRESIDENT Trustee or director | 1.5 | $0 |
| PHILIP ANDERSON | EXECUTIVE VP/TREASURER Trustee or director, Officer | 1.5 | $0 |
| TERRY BANGS | DIRECTOR Trustee or director, Officer | 1.5 | $0 |
| WARREN BLOOM | DIRECTOR Trustee or director, Officer | 1.5 | $0 |
| TODD BOWERS | DIRECTOR Trustee or director | 1.5 | $0 |
| BARRY GOFF | DIRECTOR Trustee or director | 1.5 | $0 |
| ANTHONY LIGHTMAN | DIRECTOR Trustee or director | 1.5 | $0 |
| ADRIENNE FRAME | DIRECTOR Trustee or director | 1.5 | $0 |
| MARY LOU SOLE | DIRECTOR Trustee or director | 1.5 | $0 |
| ROBERT RIGEL | DIRECTOR Trustee or director | 1.5 | $0 |
| MARGERY PABST-STEINMETZ | DIRECTOR Trustee or director | 1.5 | $0 |
| DAVID KRAMER | EXECUTIVE DIRECTOR (BEG. 12/23) Officer | 40 | $0 |
| DOMENICA WEHMANN | EXECUTIVE DIRECTOR Officer | 40 | $0 |
990 for the year ended December 31, 2022: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT HOLMES JR | DIRECTOR Trustee or director | 1.5 | $0 |
| PHILIP M ANDERSON JR | EXECUTIVE VICE PRESIDENT Trustee or director, Officer | 1.5 | $0 |
| JOSEPH CONTE | SECRETARY Trustee or director, Officer | 1.5 | $0 |
| ALBERT FRANCIS III | PRESIDENT Trustee or director, Officer | 1.5 | $0 |
| TERRY BANGS | DIRECTOR Trustee or director | 1.5 | $0 |
| WARREN BLOOM | DIRECTOR Trustee or director | 1.5 | $0 |
| TODD BOWERS | DIRECTOR Trustee or director | 1.5 | $0 |
| DEBORAH GERMAN | DIRECTOR Trustee or director | 1.5 | $0 |
| BARRY GOFF | DIRECTOR Trustee or director | 1.5 | $0 |
| KATHLEEN HAGERTY | DIRECTOR Trustee or director | 1.5 | $0 |
| ANTHONY LIGHTMAN | DIRECTOR Trustee or director | 1.5 | $0 |
| YOUCHENG WANG | DIRECTOR Trustee or director | 1.5 | $0 |
| MARGERY PABST-STEINMETZ | DIRECTOR Trustee or director | 1.5 | $0 |
| ROBERT RIGEL | DIRECTOR Trustee or director | 1.5 | $0 |
| MARY LOU SOLE | DIRECTOR Trustee or director | 1.5 | $0 |
| ADRIENNE FRAME | DIRECTOR Trustee or director | 1.5 | $0 |
| DOMENICA WEHMANN | EXECUTIVE DIRECTOR Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 2110 HESTIA LOOP, OVIEDO, FL 32765-9274
- In care of
- % W SCOTT COLE
- Mailing address (990-N for 2013)
- 12424 RESEARCH PARKWAY SUITE 250, ORLANDO FL 32826
- Principal officer (990 for 2024)
- ALBERT FRANCIS, 2110 HESTIA LOOP, OVIEDO, FL 32765
- Principal officer (990-N for 2013)
- DAVID MCKINNEY, 12424 RESEARCH PARKWAY SUITE 250, ORLANDO FL 32826
- Signed the 990
- ALBERT FRANCIS, PRESIDENT
- Phone
- (407) 543-6350
- Website
- WWW.LEGACYPOINTEATUCF.COM
- Return prepared by
- Forvis Mazars LLP
Mission
TO PROVIDE HOUSING, HEALTHCARE AND ASSISTIVE SERVICES TO THE ELDERLY THROUGH THE DEVELOPMENT OF AND OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY FOR SENIORS WHEREBY THEY CAN FIND ENRICHMENT THROUGH LIFE-LONG LEARNING, STATE-OF-THE ART WELLNESS, AND PARTICIPATION IN THE DAILY ACTIVITIES OF THE UNIVERSITY OF CENTRAL FLORIDA ("UCF") BY INTEGRATING THE SERVICES OF UCF COLLEGES WITHIN THE CCRC AND PROVIDING INTERNSHIP OPPORTUNITIES FOR STUDENTS. WE WILL BRING THE LIFE EXPERIENCES OF THE MEMBERS OF THE CCRC TO THE STUDENTS OF THE UNIVERSITY THROUGH MENTORING AND THE DEVELOPMENT OF OTHER INTERGENERATIONAL PROGRAMS TO FACILITATE THE CREATION OF A MULTI-GENERATIONAL UNIVERSITY CAMPUS. WE WILL PARTNER WITH THE LEARNING INSTITUTE FOR ELDERS (LIFE) GROUP AT UCF, WHICH WILL PROVIDE EDUCATIONAL PROGRAMMING FOR THE MEMBERS OF THE CCRC.
Program accomplishments
- The Continuing Care Retirement Community ("CCRC") near the UCF Campus provides, on a non-profit basis, housing, dining, housekeeping, laundry, transportation, activities, assisted living care, memory support care, and skilled nursing care. The CCRC opened at the end of December 2021 and has 140 independent living apartments, 32 villas, and 48 assisted living apartments, 32 memory supports apartments, and 48 skilled nursing beds.Expenses $27,838,070 · revenue $22,890,157
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-3537708
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $169,621,186
- Income (IRS master file)
- $23,715,681
Revocation and reinstatement
- Exemption revoked
- November 15, 2010
- Posted by the IRS
- September 8, 2014
- Reinstated
- Effective November 15, 2010
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $23,715,681 | $30,894,981 | $169,621,186 | IRS |
| 990 | December 2023 | $13,409,136 | $22,196,781 | $167,664,067 | XML |
| 990 | December 2022 | $6,235,289 | $12,092,773 | $211,986,794 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: DAVID MCKINNEY | June 30, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-3537708).
Questions about CCRC DEVELOPMENT CORPORATION
- What is the EIN of CCRC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of CCRC DEVELOPMENT CORPORATION is 20-3537708.
- Is CCRC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2010 and reinstated it effective November 15, 2010.
- Are donations to CCRC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CCRC DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CCRC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CCRC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CCRC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names ALBERT FRANCIS.
- Who are the officers and directors of CCRC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 16 people; 5 received compensation from the organization, the highest $156,092 (Gina Doyongan Ampong, Skilled Nursing MDS Coordinator).
- How much revenue does CCRC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $23,715,681, expenses of $30,894,981 and total assets of $169,621,186 at year end.
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