Plantation Village Inc
- Assets
- $106.4m
- Revenue
- $16.9m
- Investments
- $0.0
- Employees
- 234
- Location
- Wilmington, NC
- Founding
- 11/1983
- Data as of
- 12/2022
- EIN
- 56-1345076
Organization Overview
Plantation Village Inc is located in Wilmington, NC. The organization was established in 1983. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2022, Plantation Village Inc employed 234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plantation 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 12/2022, Plantation Village Inc generated $16.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $16.3m during the year ending 12/2022. While expenses have increased by 2.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A CONTINUE CARE RETIREMENT COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A LIFE CARE FACILITY TO PROVIDE HOUSING, SUPPORT SERVICES, HEALTH CARE, AND FINANCIAL SECURITY TO ELDERLY PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jolynn Whitten Executive Director | Officer | 40 | $0 |
Barbara Biehner President | OfficerTrustee | 5 | $0 |
Mary Beth Hardy Vice President | OfficerTrustee | 5 | $0 |
Eric Bregman Treasurer | OfficerTrustee | 5 | $0 |
Tolga Cankurtaran Secretary | OfficerTrustee | 5 | $0 |
John Cheshire Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Life Care Companies Management | 12/30/22 | $1,452,222 |
Cn Davis Health Care Center Skilled Nursing | 12/30/22 | $1,057,196 |
Ecs Carolinas Llp Environmental Consultants | 12/30/22 | $138,084 |
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 | $16,764,945 |
| Investment income | $309,526 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$187,818 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,886,653 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,028 |
| 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 | $4,358,622 |
| Pension plan accruals and contributions | $44,732 |
| Other employee benefits | $374,624 |
| Payroll taxes | $382,684 |
| Fees for services: Management | $784,412 |
| Fees for services: Legal | $30,820 |
| Fees for services: Accounting | $50,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,428,867 |
| Advertising and promotion | $564,280 |
| Office expenses | $1,710,600 |
| Information technology | $172,010 |
| Royalties | $0 |
| Occupancy | $889,121 |
| Travel | $62,133 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,428 |
| Interest | $443,460 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,335,580 |
| Insurance | $815,684 |
| All other expenses | $0 |
| Total functional expenses | $16,321,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,268,988 |
| Savings and temporary cash investments | $19,208,845 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $628,791 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $81,995 |
| Prepaid expenses and deferred charges | $664,228 |
| Net Land, buildings, and equipment | $72,886,414 |
| Investments—publicly traded securities | $11,636,727 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $106,375,988 |
| Accounts payable and accrued expenses | $6,254,315 |
| Grants payable | $0 |
| Deferred revenue | $13,696,546 |
| 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 | $46,830,947 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,466,310 |
| Total liabilities | $98,248,118 |
| Net assets without donor restrictions | $8,127,870 |
| 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 | $106,375,988 |