Park Village Inc
- Assets
- $27.6m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 94
- Location
- Harrisonburg, VA
- Founding
- 05/1998
- Data as of
- 03/2022
- 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 03/2022, Park Village Inc employed 94 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 03/2022, Park Village Inc generated $8.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $9.2m during the year ending 03/2022. While expenses have increased by 6.1% per year over the past 7 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
TO BE A DESTINATION HUB FOR THOSE WHO WANT TO AGE WELL IN A VIBRANT, AUTHENTIC COMMUNITY.
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daryl Bert Chair | OfficerTrustee | 1 | $0 |
Nelly Moreno Shenk Vice Chair | OfficerTrustee | 1 | $0 |
Kay Nussbaum Secretary/tr | OfficerTrustee | 1 | $0 |
Mike Piper CFO | Officer | $0 | |
Judith Trumbo CEO | Officer | $0 | |
Troy Snyder Incoming CEO | Officer | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Associates Dining Services | 3/30/22 | $1,239,254 |
Harman Construction Construction | 3/30/22 | $1,077,454 |
Lantz Construction Company Construction | 3/30/22 | $756,331 |
Millers Cabinets Inc Construction | 3/30/22 | $521,555 |
Virginia Home Improvements Construction | 3/30/22 | $264,337 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $21,060 |
| 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 | $21,060 |
| Total Program Service Revenue | $7,976,085 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,173 |
| 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 | $2,634 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,031,952 |
| 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 | $1,178,852 |
| Pension plan accruals and contributions | $13,434 |
| Other employee benefits | $155,365 |
| Payroll taxes | $88,036 |
| Fees for services: Management | $1,038,655 |
| Fees for services: Legal | $172 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,553,840 |
| Advertising and promotion | $249,998 |
| Office expenses | $930,108 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $816,084 |
| Travel | $306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,233 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,039,169 |
| Insurance | $88,854 |
| All other expenses | $0 |
| Total functional expenses | $9,180,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $700 |
| 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 | $35,424 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $20,542,649 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,006,303 |
| Total assets | $27,585,076 |
| Accounts payable and accrued expenses | $435,942 |
| Grants payable | $0 |
| Deferred revenue | $17,926,797 |
| 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 | $26,513,712 |
| Total liabilities | $44,876,451 |
| Net assets without donor restrictions | -$17,291,375 |
| 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 | $27,585,076 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Park Village Inc has recieved totaling $20,060.
| Awarding Organization | Amount |
|---|---|
Vmrc Foundation Inc Harrisonburg, VA PURPOSE: SUBSIDIZE NUTRITION | $20,060 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lakeshore Estate Inc Nashville, TN | $27,064,642 | $18,022,154 |
Beth Sholom Home Of Eastern Virginia Virginia Beach, VA | $27,551,493 | $20,688,012 |
Presbyterian Homes And Services Of Ky Inc Louisville, KY | $21,197,492 | $21,992,512 |
Samaritan Housing Foundation Inc Cary, NC | $309,375,809 | $14,744,618 |
Columbia Vantage House Corporation Columbia, MD | $57,259,023 | $17,855,737 |
Penick Village Inc Southern Pines, NC | $72,235,809 | $19,517,376 |
Lexington Retirement Community Inc Lexington, VA | $110,623,438 | $22,740,309 |
Ave Maria Home Memphis, TN | $24,665,366 | $18,165,699 |
Blakeford At Green Hills Corporation Nashville, TN | $102,878,006 | $17,185,961 |
Laurel Heights Home For The Elderly London, KY | $12,389,193 | $18,787,244 |
Masonic And Eastern Star Home Greensboro, NC | $138,321,577 | $15,654,772 |
Culpeper Baptist Retirement Community Inc Glen Allen, VA | $85,756,806 | $15,427,505 |