VLF 2024 ImpactBrochure FINAL - Flipbook - Page 15
Life Care Ponte Vedra, Inc. Consolidated Balance Sheet
and Subsidiary
and Changes in De昀椀cit —Years Ended
December 31, 2024 and 2023
2024
2024
2023
Revenues, Gains, And Other Support
24,933,411
Interest Rate Swap Agreement
Consolidated Statements of Operations
and Changes in De昀椀cit —Years Ended
December 31, 2024 and 2023
2023
ASSETS
Total Current Assets
Life Care Ponte Vedra, Inc.
and Subsidiary
5,761
36,018,006
Residential Service Fees
27,538,210
23,685,171
-
Earned Entrance Fees
14,346,524
11,409,649
8,309,955
7,454,039
-
3,350,820
Assets Whose Use Is Limited, less current portion
15,586,274
13,420,659
Health Services Fees
Right Of Use Lease Assets, Net
35,321,727
36,680,254
Other Income
Property And Equipment, Net
178,776,306
170,623,530
Investment Income (Loss), Net
2,994,178
3,450,185
Total Assets
254,623,479
256,742,449
Total Revenues, Gains, And Other Support
53,188,867
49,349,864
Total Operating Expenses
51,983,607
42,647,362
LIABILITIES AND NET DEFICIT
Total Current Liabilities
7,138,458
12,043,236
Income (Loss) From Operations
1,205,260
6,702,502
Bonds Payable, Net
87,125,741
107,835,662
Other Change In Net De昀椀cit
(236,829)
(47,582)
Lease Liability, Net
42,197,489
42,379,328
Change In De昀椀cit Without Donor Restrictions
968,431
6,654,920
Deferred Revenue From Entrance Fees
124,711,281
97,984,305
Contributions
55,322
51,685
Refundable Entrance Fees
23,815,077
27,880,253
Net Assets Released From Restrictions
(7,985)
(17,795)
Total Liabilities
284,988,046
288,122,784
Change In Net De昀椀cit
1,015,768
6,688,810
Net De昀椀cit At Beginning Of Year
(31,380,335)
(38,069,145)
Net De昀椀cit At End Of Year
(30,364,567)
(31,380,335)
Net Assets (De昀椀cit)
Without Donor Restrictions
(30,513,533)
(31,481,964)
148,966
101,629
Total Net De昀椀cit
(30,364,567)
(31,380,335)
Total Liabilities And Net De昀椀cit
254,623,479
256,742,449
With Donor Restrictions
Vicar’s Landing
Financial Statement
