Plantation Village Inc
- Assets
- $93.2m
- Revenue
- $17.7m
- Investments
- $0.0
- Employees
- 214
- Location
- Wilmington, NC
- Founding
- 11/1983
- Data as of
- 12/2021
- 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 12/2021, Plantation Village Inc employed 214 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 12/2021, Plantation Village Inc generated $17.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $15.9m during the year ending 12/2021. While expenses have increased by 2.5% 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
2021
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Katz Sales Counselor | 40 | $102,286 | |
Joanne Rockness Treasurer | OfficerTrustee | 5 | $0 |
Bob Mitchell Secretary | OfficerTrustee | 5 | $0 |
Chuck Earney President | OfficerTrustee | 5 | $0 |
Jolynn Whitten Executive Director | Officer | 40 | $0 |
Zane Bennett Executive Director (thru 9/21) | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Life Care Companies Management | 12/30/21 | $2,046,171 |
Cn Davis Health Care Center Skilled Nursing | 12/30/21 | $1,201,628 |
Dixon Hughes Goodman Consulting | 12/30/21 | $530,117 |
All American Trim Inc Renovations | 12/30/21 | $223,085 |
Champions At Porters Neck Assisted Living | 12/30/21 | $1,539,788 |
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 | $16,397,928 |
| Investment income | $308,311 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $959,108 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,665,347 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,408 |
| 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 | $4,030,593 |
| Pension plan accruals and contributions | $51,052 |
| Other employee benefits | $380,571 |
| Payroll taxes | $351,943 |
| Fees for services: Management | $664,974 |
| Fees for services: Legal | $16,196 |
| Fees for services: Accounting | $48,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,779,900 |
| Advertising and promotion | $636,541 |
| Office expenses | $1,667,584 |
| Information technology | $151,273 |
| Royalties | $0 |
| Occupancy | $847,673 |
| Travel | $65,217 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,835 |
| Interest | $355,021 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,291,554 |
| Insurance | $712,044 |
| All other expenses | $0 |
| Total functional expenses | $15,895,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,119,553 |
| Savings and temporary cash investments | $31,223,652 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $179,308 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $79,708 |
| Prepaid expenses and deferred charges | $588,920 |
| Net Land, buildings, and equipment | $45,951,575 |
| Investments—publicly traded securities | $13,979,578 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,263 |
| Total assets | $93,170,557 |
| Accounts payable and accrued expenses | $2,492,786 |
| Grants payable | $0 |
| Deferred revenue | $12,926,033 |
| 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 | $36,454,576 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,168,947 |
| Total liabilities | $83,042,342 |
| Net assets without donor restrictions | $10,128,215 |
| 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 | $93,170,557 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Plantation Village Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Leadingage Inc Washington, DC PURPOSE: DISASTER RELIEF | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Covenant Woods Mechanicsville, VA | $166,902,923 | $38,635,107 |
Richfield Living Salem, VA | $138,338,925 | $32,030,155 |
South Carolina Episcopal Home At Still Hopes W Columbia, SC | $193,037,848 | $38,767,072 |
Hillcrest Healthcare Communities Inc Knoxville, TN | $35,116,427 | $32,663,319 |
Hltc Inc Dalton, GA | $14,717,948 | $28,781,962 |
Hoosier Care Inc Nashville, TN | $26,628,977 | $41,569,947 |
Cornelia Nixon Davis Inc Wilmington, NC | $106,580,029 | $35,693,854 |
Lexmed Inc Lexington, SC | $19,463,727 | $22,725,899 |
Roman Eagle Rehabilitation And Health Care Center Inc Danville, VA | $55,144,453 | $28,458,225 |
University Extended Care Inc Augusta, GA | $49,011,454 | $30,818,406 |
Magnolia Manor Of Columbus Inc Americus, GA | $41,495,688 | $25,627,763 |
All Saints St Lukes Episcopal Home For The Retired Inc Atlanta, GA | $122,353,987 | $22,945,878 |