Presbyterian Village North Forefront Living
- Assets
- $221.5m
- Revenue
- $45.9m
- Investments
- $1.0m
- Employees
- 609
- Location
- Dallas, TX
- Founding
- 10/2001
- Data as of
- 12/2023
- EIN
- 51-0190369
Organization Overview
Presbyterian Village North Forefront Living, operating under the name Presbyterian Village North, is located in Dallas, TX. The organization was established in 2001. 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 12/2023, Presbyterian Village North employed 609 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian Village North 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 12/2023, Presbyterian Village North generated $45.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $55.9m during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESBYTERIAN VILLAGE NORTH (PVN), AS A MEMBER OF THE FOREFRONT LIVING FAMILY OF NON-PROFIT ORGANIZATIONS, HAVE A MISSION TO MAKE EACH MOMENT MATTER FOR THOSE IT SERVES. PVN, A CONTINUING CARE RETIREMENT COMMUNITY FOUNDED IN 1980 AND LOCATED ON 66 BEAUTIFUL, GARDEN-LIKE ACRES, PROVIDES A FULL RANGE OF RESIDENTIAL CHOICES AND CARE OPTIONS, INCLUDING RESIDENTIAL LIVING, ASSISTED LIVING, SKILLED NURSING, REHABILITATION, AND ALZHEIMER'S, DEMENTIA, AND OTHER LONG-TERM CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SKILLED NURSING, ALZHEIMER'S AND DEMENTIA CARE TO OUR COMMUNITY RESIDENTS AND OUTPATIENT THERAPY CLIENTS INCLUDING 88 SKILLED NURSING BEDS.
RETIREMENT AND OTHER RELATED SERVICES FOR INDEPENDENT LIVING IN 2023.
PROVIDE ASSISTED LIVING SERVICES IN 145 RESIDENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Gruchalla MD Trustee | Trustee | 1 | $0 |
William Davis Trustee | Trustee | 1 | $0 |
David Ashworth Trustee | Trustee | 1 | $0 |
Kevin Jackson Trustee | Trustee | 1 | $0 |
Brad Nitschke Trustee | Trustee | 1 | $0 |
Laura Wright Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amc Construction Llc Construction Services | 12/30/23 | $3,851,428 |
Ben E Keith Food Service | 12/30/23 | $1,411,223 |
John R Rigney Dba Rigney Construction Construction Services | 12/30/23 | $1,499,958 |
Anstey Hodge Advertising Group Inc Marketing Consulting Services | 12/30/23 | $847,901 |
Longhorn Mechanical Inc Equipment Repair / Maintenance | 12/30/23 | $659,315 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $306,635 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $312,435 |
| Total Program Service Revenue | $43,720,910 |
| Investment income | $1,641,106 |
| 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 | $45,873,611 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $322,901 |
| 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 | $17,346,619 |
| Pension plan accruals and contributions | $298,084 |
| Other employee benefits | $2,634,926 |
| Payroll taxes | $1,368,619 |
| Fees for services: Management | $2,484,995 |
| Fees for services: Legal | $15,165 |
| Fees for services: Accounting | $36,609 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $66,697 |
| Fees for services: Other | $2,185,258 |
| Advertising and promotion | $1,561,549 |
| Office expenses | $61,788 |
| Information technology | $787,350 |
| Royalties | $0 |
| Occupancy | $1,864,641 |
| Travel | $42,149 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,550 |
| Interest | $6,872,483 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,681,016 |
| Insurance | $1,322,130 |
| All other expenses | $796,722 |
| Total functional expenses | $55,864,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,824,955 |
| Savings and temporary cash investments | $15,579,416 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,774,809 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $88,633 |
| Prepaid expenses and deferred charges | $537,445 |
| Net Land, buildings, and equipment | $151,138,569 |
| Investments—publicly traded securities | $15,391,112 |
| Investments—other securities | $1,000,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,138,571 |
| Total assets | $221,473,510 |
| Accounts payable and accrued expenses | $4,338,475 |
| Grants payable | $0 |
| Deferred revenue | $11,541,138 |
| Tax-exempt bond liabilities | $126,851,236 |
| 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 | $98,683,051 |
| Total liabilities | $241,413,900 |
| Net assets without donor restrictions | -$24,188,668 |
| Net assets with donor restrictions | $4,248,278 |
| 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 | $221,473,510 |