Advent Christian Village 
The information on this page was last updated 1/1/2023. If you see errors or omissions, please email: [email protected]
Summary
ACV is a senior living community offering independent living, assisted living, skilled nursing care, home health, and rehab -- a full continuum of care in a beautiful setting. Along with serving senior adults, included in ACV's mission is a heart for families with special needs, and children. Advent Christian Village provides a variety of services, including help for grandparents raising their grandchildren, retreats for foster children, and leadership training, which helps develop high school juniors and seniors into strong leaders with integrity and confidence. Additionally, a licensed marriage and family therapist offers counseling to the Village community and beyond. ACV remains committed to meeting the needs of senior adults, families with special needs, and children.
Through the Benevolent Fund, each month approximately 300 Advent Christian Village members with limited resources are given assistance with the cost of basic necessities. They are also able to benefit from the full continuum of care available at ACV.
Contact information
Mailing address:
Advent Christian Village
P.O. Box 4345
Dowling Park, FL 32064
Website: acvillage.net
Phone: 1-800-647-3353
Email: [email protected]
Organization details
EIN: 590751905
CEO/President: Craig A. Carter
Chairman: John Fenlason / Rollie Chambers
Board size: 17
Founder:
Ruling year: 1949
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 1987
Purpose
Through the years, we have been a leader in developing innovative solutions for retirement living and healthcare. Today, we remain dedicated to providing quality, comprehensive services with compassion. We offer a strong spirit of community where residents care for one another and independence is encouraged to live life fully, every day.
Mission statement
The mission of Advent Christian Village is to express Christ's love by providing compassionate care and quality comprehensive services for senior adults, families with special needs, and children in a secure, supportive residential setting and in the surrounding communities.
Statement of faith
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 883 of 1050 | 88 of 115 |
| Fund acquisition rating | | 566 of 1051 | 49 of 115 |
| Resource allocation rating | | 842 of 1051 | 97 of 115 |
| Asset utilization rating | | 832 of 1050 | 89 of 115 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 7% | 18% | 14% | 16% | 27% | 29% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 4% | 1% | 1% | 1% | 1% | 1% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 90% | 5% | 6% | 6% | 3% | 4% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 1% | 1% | 1% | 1% | 1% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 10% | 95% | 94% | 94% | 97% | 96% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 74% | 75% | 76% | 74% | 75% |
Spending ratio Spending ratio = Total expenses / Total revenue | 86% | 101% | 99% | 100% | 104% | 107% |
Program output ratio Program output ratio = Program services / Total revenue | 68% | 75% | 75% | 76% | 78% | 80% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 14% | -1% | 1% | 0% | -4% | -7% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 15% | -1% | 0% | 0% | -3% | -5% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 25% | 24% | 23% | 25% | 24% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.81 | 0.52 | 0.56 | 0.57 | 0.55 | 0.55 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.77 | 2.18 | 2.43 | 2.31 | 2.41 | 2.41 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.72 | 1.13 | 1.35 | 1.31 | 1.32 | 1.32 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 12.25 | 7.87 | 6.54 | 7.64 | 8.24 | 8.16 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.08 | 0.13 | 0.15 | 0.13 | 0.12 | 0.12 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.94 | 9.27 | 7.52 | 7.94 | 7.98 | 7.99 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 12% | 24% | 21% | 23% | 24% | 23% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 16% | 13% | 15% | 16% | 14% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 96% | 146% | 142% | 135% | 138% | 141% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $3,992,454 | $28,564 | ($21,719) | $254,235 | $0 |
| Receivables, inventories, prepaids | $5,316,440 | $5,841,698 | $4,636,652 | $4,352,567 | $4,515,518 |
| Short-term investments | $12,739,721 | $13,308,885 | $14,148,055 | $13,449,520 | $13,161,067 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $22,048,615 | $19,179,147 | $18,762,988 | $18,056,322 | $17,676,585 |
| Long-term investments | $1,581,706 | $2,251,846 | $1,793,837 | $1,856,155 | $1,844,489 |
| Fixed assets | $18,457,514 | $19,546,034 | $20,269,151 | $20,942,628 | $20,216,774 |
| Other long-term assets | $6,050,356 | $5,636,991 | $2,429,390 | $2,601,755 | $2,816,402 |
| Total long-term assets | $26,089,576 | $27,434,871 | $24,492,378 | $25,400,538 | $24,877,665 |
| Total assets | $48,138,191 | $46,614,018 | $43,255,366 | $43,456,860 | $42,554,250 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $2,018,681 | $2,629,011 | $2,314,141 | $2,142,972 | $2,123,336 |
| Other current liabilities | $784,551 | $303,621 | $141,919 | $49,655 | $41,637 |
| Total current liabilities | $2,803,232 | $2,932,632 | $2,456,060 | $2,192,627 | $2,164,973 |
| Debt | $7,566,631 | $5,837,880 | $6,398,934 | $7,117,114 | $6,132,390 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $1,352,184 | $1,041,953 | $1,007,811 | $1,221,260 | $1,321,164 |
| Total long-term liabilities | $8,918,815 | $6,879,833 | $7,406,745 | $8,338,374 | $7,453,554 |
| Total liabilities | $11,722,047 | $9,812,465 | $9,862,805 | $10,531,001 | $9,618,527 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $27,868,352 | $28,187,497 | $28,601,502 | $28,533,054 | $28,838,567 |
| With donor restrictions | $8,547,792 | $8,614,056 | $4,791,059 | $4,392,805 | $4,097,156 |
| Net assets | $36,416,144 | $36,801,553 | $33,392,561 | $32,925,859 | $32,935,723 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $1,254,986 | $1,597,975 | $1,381,204 | $762,112 | $882,227 |
| Program service revenue | $22,549,384 | $24,031,276 | $22,466,112 | $21,491,617 | $20,496,482 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $253,948 | $442,365 | $867,860 | $578,794 | $425,334 |
| Other revenue | $599,649 | $0 | $0 | $0 | $0 |
| Total other revenue | $23,402,981 | $24,473,641 | $23,333,972 | $22,070,411 | $20,921,816 |
| Total revenue | $24,657,967 | $26,071,616 | $24,715,176 | $22,832,523 | $21,804,043 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $18,384,244 | $19,478,103 | $18,676,195 | $17,748,491 | $17,425,727 |
| Management and general | $6,312,062 | $6,223,848 | $5,755,926 | $5,890,107 | $5,631,566 |
| Fundraising | $228,303 | $219,827 | $218,022 | $207,134 | $253,373 |
| Total expenses | $24,924,609 | $25,921,778 | $24,650,143 | $23,845,732 | $23,310,666 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | ($266,642) | $149,838 | $65,033 | ($1,013,209) | ($1,506,623) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($266,642) | $149,838 | $65,033 | ($1,013,209) | ($1,506,623) |
Compensation
| Name | Title | Compensation |
| Johnny Nicely | Pharmacist | $160,881 |
| Craig Carter | Presidentceo | $159,424 |
| Keri Hilliard | Vice President | $133,981 |
| Steve Hett | Vice Presidentcfo | $132,250 |
| James Schenck | Vice President | $130,860 |
Compensation data as of: 6/30/2020
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 1/1/2023. To update the information below, please email: [email protected]
History
Dowling Park was the fastest growing town in Florida in the early 1900s. It was built by affluent businessman Thomas Dowling who owned a lumber mill here. Dowling donated a parcel of the land to the Advent Christian denomination, and in 1913, Advent Christian Village was founded as a home for orphaned children and retired ministers and missionaries. Through the decades, the community developed and grew, adapting its methods to keep pace with the needs of a changing society. Yet it has remained true its mission, which is "to express Christ's love by providing compassionate care and quality comprehensive services" to those it serves. Today, Advent Christian Village (ACV) is a thriving community of nearly 800 members and 500 employees.
The 1,200-acre campus offers scenic landscapes along the Suwannee River within a hometown atmosphere. At ACV, neighbors care about each other. This unique community is enriched by members of all backgrounds, faiths and economic abilities. No entrance fees and reasonable rates make it a viable option for virtually anyone. Along with a full continuum of care, including independent living, assisted living and acclaimed skilled nursing care, ACV offers a range of rental options and even home ownership. Members may choose from an array of services, paying only for the ones they use. It is one of only 15% of communities accredited by CARF-CCAC, the nation's sole accreditor of retirement communities. This self-contained village has the benets of a city, complete with a wellness center, quality medical clinic, dining choices, pharmacy, grocery store and market center. There is plenty to do, with engaging activities and a variety of volunteer opportunities with nearly 40,000 volunteer hours performed annually.