Pinecrest Village
- Assets
- $3.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Morris, IL
- Founding
- 05/1988
- Data as of
- 06/2021
- EIN
- 36-3489747
Organization Overview
Pinecrest Village is located in Mount Morris, IL. The organization was established in 1988. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pinecrest Village 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 06/2021, Pinecrest Village generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $939.6k during the year ending 06/2021. While expenses have increased by 3.8% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PINECREST VILLAGE IS A CONTINUING CARE RETIREMENT COMMUNITY PROVIDING QUALITY RESIDENTIAL AND HEALTH SERVICES. PINECREST VILLAGE SEEKS TO PROMOTE AN ACTIVE RETIREMENT AND HEALTHY LIFESTYLE WITH RESPECT, DIGNITY AND SECURITY FOR THE WHOLE PERSON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PINECREST VILLAGE IS A CONTINUING CARE RETIREMENT COMMUNITY CONSISTING OF 48 CONGREGATE CARE UNITS AND 9 APARTMENTS. IT PROVIDES SPACIOUS AND MAINTENANCE FREE APARTMENTS AND COTTAGES TO PEOPLE WHO ARE 62 YEARS OF AGE OR OLDER ABLE TO LIVE INDEPENDENTLY. FULL KITCHENS ALLOW RESIDENTS TO DINE IN IF THEY CHOOSE OR TO ENTERTAIN FRIENDS, WHILE TWO FRESHLY PREPARED MEALS ARE SERVED EACH DAY IN THE VILLAGE'S GRACIOUS DINING ROOM. A FULL SLATE OF ACTIVITIES, FROM TRAVEL OPPORTUNITIES TO MORNING COFFEE GET-TOGETHERS, GIVES RESIDENTS THE CHANCE TO PURSUE INTERESTS, DEVELOP NEW SKILLS, AND MEET THEIR NEIGHBORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dianne Swingel Secretary Until 11/30/20 | OfficerTrustee | 0.3 | $0 |
Gary Henderson Vice President | OfficerTrustee | 0.3 | $0 |
Andrew Welp President | OfficerTrustee | 0.3 | $0 |
Mike Anderson Treasurer | OfficerTrustee | 0.3 | $0 |
Patricia Ball Secretary As Of 12/1/20 | OfficerTrustee | 0.3 | $0 |
Ferol Labash Chief Executive Officer | Officer | 0.3 | $0 |
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 | $1,076,761 |
| Investment income | $0 |
| 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 | $1,082,213 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,470 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,889 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,264 |
| Office expenses | $11,282 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $97,004 |
| Travel | $5,212 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $560 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $167,367 |
| Insurance | $46,220 |
| All other expenses | $0 |
| Total functional expenses | $939,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,489 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,155,828 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,609,454 |
| Total assets | $3,774,871 |
| Accounts payable and accrued expenses | $74,946 |
| Grants payable | $0 |
| Deferred revenue | $739,085 |
| 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 | $14,000 |
| Other liabilities | $8,641 |
| Total liabilities | $836,672 |
| Net assets without donor restrictions | $2,938,199 |
| 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 | $3,774,871 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Senior Communities Group Health Plan Indianapolis, IN | $8,703,398 | $37,045,158 |
Tarrant County Senior Living Center Inc West Des Moines, IA | $161,252,746 | $23,022,366 |
Barton Creek Senior Living Center Inc West Des Moines, IA | $120,925,043 | $23,689,068 |
Kenton Housing Inc Latonia, KY | $68,380,829 | $31,745,821 |
Washington & Jane Smith Community- Orland Park Orland Park, IL | $98,659,201 | $23,019,583 |
Clare Oaks Bartlett, IL | $26,201,984 | $13,279,793 |
Ness Healthcare Nfp Lincolnwood, IL | $31,649,898 | $15,770,291 |
Moosehaven Inc Mooseheart, IL | $55,843,533 | $19,375,610 |
Masonic Home Independent Living Ii Inc Masonic Home, KY | $142,516,912 | $16,410,935 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Saint Anne Home And Retirment Community Fort Wayne, IN | $21,467,824 | $25,970,139 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |