Parkland Manor Inc
- Assets
- $8.9m
- Revenue
- $481.9k
- Investments
- $0.0
- Employees
- 12
- Location
- Leitchfield, KY
- Founding
- 02/1986
- Data as of
- 12/2021
- EIN
- 31-1150306
Organization Overview
Parkland Manor Inc is located in Leitchfield, KY. The organization was established in 1986. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Parkland Manor Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parkland Manor 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 12/2021, Parkland Manor Inc generated $481.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $97.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP PROVIDE HOUSING FOR LOW-INCOME, ELDERLY RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELPING PROVIDE HOUSING FOR LOW-INCOME ELDERLY RESIDENTS
HELPING PROVIDE HOUSING FOR LOW-INCOME ELDERLY RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David B Vickery Secretary | Officer | 2 | $12,000 |
George Basham President | Officer | 2 | $5,200 |
Bob Crawford Vice Preside | Officer | 2 | $2,000 |
Scott Arndell Treasurer | Officer | 2 | $2,000 |
David Brown Director | Trustee | 2 | $2,000 |
Anna Raye Montgomery Director | Trustee | 2 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $485,078 |
| Investment income | -$3,504 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $481,883 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $13,200 |
| Fees for services: Legal | $16,458 |
| Fees for services: Accounting | $950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $97,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,371,018 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,774,011 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $400,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,349,980 |
| Total assets | $8,895,009 |
| Accounts payable and accrued expenses | $5,074 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $560,500 |
| Total liabilities | $565,574 |
| Net assets without donor restrictions | $8,329,435 |
| Net assets with donor restrictions | $0 |
| 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 | $8,895,009 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wesley Manor Retirement Community Inc Louisville, KY | $9,224,359 | $9,135,157 |
Washington And Jane Smith Home Chicago, IL | $45,946,166 | $12,016,022 |
Lifespire Of Virginia Glen Allen, VA | $66,161,909 | $8,820,978 |
Life Enriching Communities Loveland, OH | $39,920,656 | $8,319,910 |
Bridgewater Village Inc Bridgewater, VA | $55,934,396 | $9,933,130 |
Oak Grove Christian Retirement Village Inc Demotte, IN | $15,497,962 | $9,106,880 |
Ohio Living Quaker Heights Waynesville, OH | $10,489,487 | $7,605,494 |
Haven Hubbard Homes Inc New Carlisle, IN | $13,233,962 | $8,213,218 |
Bethany North Suburban Group Glenview, IL | $25,298,657 | $7,708,577 |
Birmingham Green Adult Care Residence Manassas, VA | $2,711,006 | $7,426,030 |
Lake Wales Retirement Center Inc Columbus, OH | $26,220,054 | $5,296,039 |
Slovene Home For The Aged Cleveland, OH | $27,855,426 | $8,753,686 |