Peconic Landing At Southold Inc
- Assets
- $143.9m
- Revenue
- $33.4m
- Investments
- $55.2m
- Employees
- 360
- Location
- Greenport, NY
- Founding
- 01/1999
- Data as of
- 12/2022
- EIN
- 11-3277669
Organization Overview
Peconic Landing At Southold Inc is located in Greenport, NY. The organization was established in 1999. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2022, Peconic Landing At Southold Inc employed 360 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Peconic Landing At Southold Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Peconic Landing At Southold Inc generated $33.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $34.9m during the year ending 12/2022. While expenses have increased by 5.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PECONIC LANDING STRIVES TO BE A PREEMINENT SENIOR SERVICES PROVIDER. GUIDED BY OUR CORE VALUES, AND PHILOSOPHY OF INNOVATION, WE ARE COMMITTED TO WORK IN PARTNERSHIP WITH ALL TO ACHIEVE OUR VISION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PECONIC LANDING, WE STRIVE TO BRING TOGETHER INDIVIDUALS OF ALL AGES AND ABILITIES BY SERVING AS A VIBRANT COMMUNITY CENTER AND CULTURAL ARTS HUB FOR THE EAST END. THROUGH OUR INNOVATIVE SOCIAL ACCOUNTABILITY PROGRAM, INDIVIDUALS CAN IMMERSE THEMSELVES IN A GREAT VARIETY OF CULTURAL, EDUCATIONAL, WELLNESS, AND HELPFUL OPPORTUNITIES AVAILABLE FREE TO THE PUBLIC THAT ARE DESIGNED TO INSPIRE AND ENGAGE. EACH EVENT IS HOSTED WITH THE PURPOSE OF ENRICHING THE LIVES OF THOSE WHO TAKE PART. OUR COMMUNITY DOES THIS WITH ONE COMMON GOAL IN MIND: TO MAKE A POSITIVE, MEASURABLE IMPACT, IMPROVING QUALITY OF LIFE FOR THOSE WHO WORK AND LIVE ON THE EAST END.THE FOLLOWING EVENTS TOOK PLACE IN 2022 FOR THE RESIDENTS OF PECONIC LANDING:JOHN MAY MILE: ANNUAL RUN / WALK TO BENEFIT THE GREENPORT FIRE DEPARTMENT. SINCE INCEPTION IN 2005, THIS EVENT HAS RAISED IN EXCESS OF $325,000 FOR THE GFD, INCLUDING $23,125 IN 2022. THESE FUNDS GO TOWARDS THE PURCHASE AND MAINTENANCE OF RESCUE EQUIPMENT VITAL TO KEEPING THE VOLUNTEERS SAFE DURING RESPONSE EFFORTS. THE 2022 OLDER AMERICAN'S CHAMPION AWARD WENT TO THE GREENPORT FIRE DEPT AND RESCUE SQUAD. THROUGHOUT THE PANDEMIC, EMS PERSONNEL WERE OUT IN PEOPLE'S HOMES, AND AS WELL AS HERE FOR US AT PECONIC LANDING. THEY WERE SAVING LIVES AS THEY ALWAYS DO, PUTTING THEMSELVES AT RISK MORE THAN EVER BEFORE.20TH ANNIVERSARY MUSIC AND FIREWORKS CELEBRATION: IN CELEBRATION OF OUR 20 YEAR ANNIVERSARY, PL HOSTED THE EVENT FREE AND OPEN TO THE PUBLIC. MUSIC PROVIDED ON THE PATIO AT BH BY THE GORDON DUKES BAND FOLLOWED BY A FIREWORKS EXTRAVAGANZA OVER THE PONDS. ESTIMATE OF OVER 1000 PEOPLE IN ATTENDANCE.10TH ANNUAL VETERAN'S DAY BRECKOCK HALL WEDDING GIVEBACK: IN TRIBUTE TO CATHERINE BERTSCHI AND DAMEN WEEKS, BOTH ACTIVE DUTY MILITARY PERSONNEL, SHE ON HER THIRD TOUR, HE ON HIS FOURTH. IN COORDINATION WITH OVER 40 LOCAL BUSINESSES, THE EVENT IS A GIVEAWAY OF A FREE WEDDING IN HONOR OF THE SERVICE TO OUR COUNTRY BY ONE LUCKY COUPLE. THE WINNING COUPLE WAS CHOSEN BY A GROUP OF PECONIC LANDING MEMBERS WITH MILITARY TIES WHO JUDGED THE CONTEST BASED ON YEARS SERVED, NUMBER OF MILITARY HONORS AND THE COUPLE'S PERSONAL LOVE STORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Syron President/ceo | OfficerTrustee | 40 | $636,149 |
Paul May Chairperson | OfficerTrustee | 1 | $0 |
Paul J Connor Vice Chair | OfficerTrustee | 1 | $0 |
Edward Wellington Webb II Secretary | OfficerTrustee | 1 | $0 |
Gregory Ferraris Treasurer | OfficerTrustee | 1 | $0 |
Rosamond Baiz Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Soxedo Inc & Affiliates Facilities & Food Management | 12/30/22 | $1,516,658 |
George's Painting Inc Painting Services | 12/30/22 | $468,437 |
American Bath & Tile Co Painting Services | 12/30/22 | $425,881 |
Flanders Heating And Air Conditioning Hvac Services | 12/30/22 | $424,562 |
Charel Contracting Inc Contractor Services | 12/30/22 | $903,770 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,070 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,270,841 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,294,911 |
| Total Program Service Revenue | $27,871,887 |
| Investment income | $510,150 |
| Tax Exempt Bond Proceeds | $26,695 |
| Royalties | $0 |
| Net Rental Income | $55,931 |
| Net Gain/Loss on Asset Sales | $1,808 |
| Net Income from Fundraising Events | -$7,979 |
| Net Income from Gaming Activities | $1,740 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,373,980 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,125 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,285,102 |
| Compensation of current officers, directors, key employees. | $252,700 |
| Compensation to disqualified persons | $39,761 |
| Other salaries and wages | $12,760,333 |
| Pension plan accruals and contributions | $376,077 |
| Other employee benefits | $2,689,380 |
| Payroll taxes | $1,390,018 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $106,443 |
| Fees for services: Accounting | $154,416 |
| Fees for services: Lobbying | $1,293 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $70,192 |
| Fees for services: Other | $651,229 |
| Advertising and promotion | $139,495 |
| Office expenses | $874,388 |
| Information technology | $311,009 |
| Royalties | $0 |
| Occupancy | $3,454,775 |
| Travel | $64,196 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,221 |
| Interest | $682,117 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,072,397 |
| Insurance | $320,161 |
| All other expenses | $579,983 |
| Total functional expenses | $34,892,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,803,607 |
| Savings and temporary cash investments | $9,676,729 |
| Pledges and grants receivable | $517,426 |
| Accounts receivable, net | $3,297,522 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $968,618 |
| Inventories for sale or use | $202,344 |
| Prepaid expenses and deferred charges | $481,846 |
| Net Land, buildings, and equipment | $47,179,257 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $55,153,509 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,608,973 |
| Total assets | $143,889,831 |
| Accounts payable and accrued expenses | $4,899,767 |
| Grants payable | $0 |
| Deferred revenue | $7,320,789 |
| Tax-exempt bond liabilities | $41,937,570 |
| Escrow or custodial account liability | $17,360,623 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $110,863,812 |
| Total liabilities | $182,382,561 |
| Net assets without donor restrictions | -$39,757,182 |
| Net assets with donor restrictions | $1,264,452 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $143,889,831 |
Grants Awarded
Over the last fiscal year, Peconic Landing At Southold Inc has awarded $25,865 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GREENPORT FIRE DEPARTMENT PURPOSE: GENERAL SUPPORT | $20,715 |
EASTERN LONG ISLAND HOSPITAL ASSOCIATION INC PURPOSE: GENERAL SUPPORT | $5,150 |