Shell Point Retirement Community 
The information on this page was last updated 11/10/2026. If you see errors or omissions, please email: [email protected]
Summary
As one of the largest single-site Life Plan Communities in the country, we are currently home to approximately 2,500 residents and 1,100 dedicated employees. Throughout decades of change, we have stayed rooted in our founding values of compassion, service, and faith.
Contact information
Mailing address:
Shell Point Retirement Community
13921 Shell Point Plaza
Fort Myers, FL 33908
Website: shellpoint.org
Phone: (239) 466-1131
Email: [email protected]
Organization details
EIN: 591166437
CEO/President: Martin Schappell
Chairman: Mark T. O'Farrell
Board size: 16
Founder: Christian and Missionary Alliance
Ruling year: 1967
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 1988
Purpose
Each day, we serve residents and staff by reaffirming our core beliefs: life, love, stewardship, and integrity.
Mission statement
Shell Point is dedicated to the service of God in the care of His people by providing a broad continuum of quality residential alternatives and services, designed to enhance the independence and dignity of its residents through spiritual, social, recreational, and physical programs.
Statement of faith
Donor confidence score
Show donor confidence score details
To understand our donor confidence score, click here.
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 836 of 1607 | 75 of 171 |
| Fund acquisition rating | | 700 of 1608 | 59 of 171 |
| Resource allocation rating | | 313 of 1608 | 44 of 171 |
| Asset utilization rating | | 1452 of 1607 | 151 of 171 |
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 0% | 0% | 0% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 4% | 0% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 89% | 6% | 3% | 4% | 5% | 3% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 0% | 0% | 0% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 11% | 94% | 97% | 96% | 95% | 97% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 89% | 89% | 89% | 89% | 88% |
Spending ratio Spending ratio = Total expenses / Total revenue | 97% | 104% | 111% | 139% | 104% | 94% |
Program output ratio Program output ratio = Program services / Total revenue | 79% | 93% | 99% | 124% | 93% | 82% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 3% | -4% | -11% | -39% | -4% | 6% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 4% | -6% | -13% | -32% | -4% | 5% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 10% | 11% | 11% | 11% | 11% | 12% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.96 | 0.16 | 0.20 | 0.18 | 0.17 | 0.16 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.87 | 2.74 | 5.33 | 5.21 | 5.22 | 4.38 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.96 | 0.45 | 1.07 | 0.96 | 0.87 | 0.71 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 14.18 | 1.16 | 0.47 | 0.53 | 0.57 | 0.69 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.06 | 0.86 | 2.15 | 1.90 | 1.75 | 1.45 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.34 | 3.64 | -12.84 | -11.28 | -10.35 | -7.53 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 9% | 88% | 85% | 84% | 80% | 79% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 43% | 26% | 27% | 28% | 28% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 79% | 71% | 76% | 87% | 120% | 127% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $28,463,705 | $19,834,633 | $31,439,493 | $26,770,662 | $25,013,549 |
| Receivables, inventories, prepaids | $21,512,230 | $14,255,837 | $15,032,684 | $16,465,298 | $16,552,470 |
| Short-term investments | $321,256,155 | $106,546,086 | $100,356,754 | $104,239,006 | $133,461,220 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $371,232,090 | $140,636,556 | $146,828,931 | $147,474,966 | $175,027,239 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $623,347,837 | $583,486,854 | $583,938,290 | $585,332,541 | $583,968,812 |
| Other long-term assets | $23,027,264 | $25,524,337 | $34,748,583 | $37,170,017 | $6,758,330 |
| Total long-term assets | $646,375,101 | $609,011,191 | $618,686,873 | $622,502,558 | $590,727,142 |
| Total assets | $1,017,607,191 | $749,647,747 | $765,515,804 | $769,977,524 | $765,754,381 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $17,321,240 | $16,096,641 | $16,323,250 | $13,715,865 | $18,091,172 |
| Other current liabilities | $303,486,004 | $285,614,312 | $263,221,540 | $244,957,896 | $234,906,843 |
| Total current liabilities | $320,807,244 | $301,710,953 | $279,544,790 | $258,673,761 | $252,998,015 |
| Debt | $439,378,864 | $194,709,605 | $203,752,516 | $212,387,964 | $217,899,500 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $140,099,814 | $138,229,172 | $159,887,484 | $144,406,120 | $136,374,494 |
| Total long-term liabilities | $579,478,678 | $332,938,777 | $363,640,000 | $356,794,084 | $354,273,994 |
| Total liabilities | $900,285,922 | $634,649,730 | $643,184,790 | $615,467,845 | $607,272,009 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $108,704,225 | $112,494,123 | $120,496,010 | $151,634,111 | $139,201,186 |
| With donor restrictions | $8,617,044 | $2,503,894 | $1,835,004 | $2,875,568 | $19,281,186 |
| Net assets | $117,321,269 | $114,998,017 | $122,331,014 | $154,509,679 | $158,482,372 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $8,988,055 | $4,411,434 | $4,141,571 | $6,078,159 | $4,121,443 |
| Program service revenue | $140,171,226 | $137,805,380 | $127,128,772 | $121,561,574 | $117,077,824 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | ($2,171,607) | ($21,538,265) | ($521,447) | ($9,532,712) | $5,454,626 |
| Other revenue | $12,705,652 | $14,511,472 | ($28,817,550) | $5,389,191 | $6,147,785 |
| Total other revenue | $150,705,271 | $130,778,587 | $97,789,775 | $117,418,053 | $128,680,235 |
| Total revenue | $159,693,326 | $135,190,021 | $101,931,346 | $123,496,212 | $132,801,678 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $148,070,777 | $134,439,474 | $126,146,339 | $114,735,447 | $109,525,004 |
| Management and general | $18,112,550 | $16,154,009 | $15,054,685 | $14,243,817 | $14,800,491 |
| Fundraising | $0 | $0 | $0 | $0 | $0 |
| Total expenses | $166,183,327 | $150,593,483 | $141,201,024 | $128,979,264 | $124,325,495 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | ($6,490,001) | ($15,403,462) | ($39,269,678) | ($5,483,052) | $8,476,183 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($6,490,001) | ($15,403,462) | ($39,269,678) | ($5,483,052) | $8,476,183 |
Compensation
| Name | Title | Compensation |
| Martin C Schappell | President/Assistant Secretary | $948,388 |
| Burke Rainey | VP of Finance/CFO/Asst Treas | $651,616 |
| Adam A Hinds | VP of Operations | $547,872 |
| Sarah L Owen | VP of Business Development | $465,647 |
| Karen M Anderson | VP of Human Resources | $404,944 |
| Dr Gary A Goforth | Medical Director | $370,764 |
| Jason P Smith | Vice President of Amenities | $342,720 |
| Brian A Hinds | CIO | $301,643 |
| Ken Baldes | DIRECTOR, EX OFFICIO | $235,173 |
| Justin Schiff | Director, Project Development | $234,349 |
| Amy Objartel | Director of Marketing & Communications | $229,356 |
| Brian C Pulver | Retirement Counselor | $221,804 |
| Brian Sykes | Vice President of Healthcare | $204,605 |
| Rev Tom Flanders | Director, Ex Officio | $97,725 |
Compensation data as of: 6/30/2025
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 11/10/2026. To update the information below, please email: [email protected]
History
Shell Point was founded in 1968 by The Christian & Missionary Alliance, a Protestant denomination headquartered in Reynoldsburg, Ohio. What began as a vision for faith-centered retirement living has grown into one of the most respected and most recognized senior living communities in the nation.
Shell Point operates as a 501(c)3 tax-exempt nonprofit organization and continues its legacy as a ministry of The Alliance.