Park Village Inc
- Assets
- $34.5m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 109
- Location
- Harrisonburg, VA
- Founding
- 05/1998
- Data as of
- 03/2024
- EIN
- 51-0249312
Organization Overview
Park Village Inc is located in Harrisonburg, VA. The organization was established in 1998. 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 03/2024, Park Village Inc employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Village 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 03/2024, Park Village Inc generated $11.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $12.2m during the year ending 03/2024. While expenses have increased by 9.0% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE A CHRIST-CENTERED COMMUNITY CULTIVATING COMPASSION, INTEGRITY AND RESPECT FOR AGING WELL AND LIVING FULLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONE AND TWO BEDROOM RETIREMENT APARTMENTS AND COTTAGES, INLCUDING ACTIVITIES, MAINTENANCE OF UNITS, GROUNDS AND APPLIANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Piper CFO | Officer | $0 | |
Troy Snyder Former CEO | $0 | ||
Daryl Bert Chair | OfficerTrustee | 1 | $0 |
Kay Nussbaum Secretary/tr | OfficerTrustee | 1 | $0 |
Nelly Moreno Shenk Vice Chair | OfficerTrustee | 1 | $0 |
Jake Bell CEO | Officer | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Associates Dining Services | 3/30/24 | $2,314,225 |
Weaver's Floorcovering Construction | 3/30/24 | $296,602 |
Millers Cabinets Inc Construction | 3/30/24 | $1,058,916 |
Riddleberger Brothers Inc Construction | 3/30/24 | $259,990 |
Virginia Home Improvements Construction | 3/30/24 | $708,436 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $24,208 |
| 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 | $24,208 |
| Total Program Service Revenue | $11,714,744 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$458 |
| Net Gain/Loss on Asset Sales | -$4,690 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $142,450 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,876,254 |
| 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 | $1,606,483 |
| Pension plan accruals and contributions | $30,869 |
| Other employee benefits | $183,113 |
| Payroll taxes | $118,266 |
| Fees for services: Management | $1,493,479 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,753,004 |
| Advertising and promotion | $299,819 |
| Office expenses | $1,772,095 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $888,823 |
| Travel | $794 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,671 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,817,063 |
| Insurance | $167,091 |
| All other expenses | $52,863 |
| Total functional expenses | $12,202,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $840 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $44,335 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $26,560,059 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,900,468 |
| Total assets | $34,505,702 |
| Accounts payable and accrued expenses | $617,846 |
| Grants payable | $0 |
| Deferred revenue | $22,248,599 |
| 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 | $30,548,145 |
| Total liabilities | $53,414,590 |
| Net assets without donor restrictions | -$18,908,888 |
| 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 | $34,505,702 |