The Pines At Davidson Inc
- Assets
- $176.0m
- Revenue
- $30.2m
- Investments
- $3.7m
- Employees
- 462
- Location
- Davidson, NC
- Founding
- 02/1985
- Data as of
- 12/2021
- EIN
- 58-1598135
Organization Overview
The Pines At Davidson Inc is located in Davidson, NC. The organization was established in 1985. 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 12/2021, Pines At Davidson Inc employed 462 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pines At Davidson 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, Pines At Davidson Inc generated $30.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $28.8m during the year ending 12/2021. While expenses have increased by 5.6% 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.
Since 2014, Pines At Davidson Inc has awarded 16 individual grants totaling $2,377,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HIGH QUALITY HOUSING, HEALTHCARE, AND SERVICES TO EXCEED OLDER RESIDENTS' EXPECTATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF HOUSING AND RELATED SERVICES TO RESIDENTS
PHYSICIAN SERVICES AND NURSING CARE - PROVIDES MEDICAL CARE TO RESIDENTS INCLUDING SERVICES DESIGNED TO ENHANCE THE QUALITY OF OLDER ADULTS' LIVES
CULINARY AND DINING SERVICES - PROVIDES WELL-BALANCED, NUTRITIOUS MEALS TO RESIDENTS AND THEIR GUESTS
ALL OTHER SERVICES TO MEET THE PHYSICAL, EMOTIONAL, INTELLECTUAL AND SPIRITUAL NEEDS OF RESIDENTS INCLUDING MAINTENANCE, SECURITY, HOUSEKEEPING AND LAUNDRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David C Rainey Vice President/cfo | Officer | 50 | $218,715 |
Scott S Chinery Director Of Plant Services | 50 | $166,941 | |
Carolyn R Picton Director Of Marketing | 50 | $165,696 | |
Vernon M Baker President And CEO | Officer | 50 | $154,013 |
Stephanie Clontz Director Of Resident Servi | 50 | $131,596 | |
J Paul Keiser Director Of Culinary Servc | 50 | $127,544 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Surface 678 Landscape Design Services | 12/30/21 | $239,217 |
Chambers Interior Design | 12/30/21 | $180,712 |
Colejeneststone Architect | 12/30/21 | $166,084 |
Cliftonlarsonallen Llp Accounting/tax/bond/forecast | 12/30/21 | $146,783 |
Fox Rothschild Llp Legal | 12/30/21 | $131,983 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,493,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $539,807 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,033,707 |
| Total Program Service Revenue | $27,156,273 |
| Investment income | $873,223 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50,930 |
| Net Gain/Loss on Asset Sales | $105,532 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,219,665 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $404,000 |
| Grants and other assistance to domestic individuals. | $52,152 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $419,842 |
| Compensation of current officers, directors, key employees. | $131,581 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,103,538 |
| Pension plan accruals and contributions | $167,581 |
| Other employee benefits | $2,968,986 |
| Payroll taxes | $724,607 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $437,016 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,033,317 |
| Advertising and promotion | $31,507 |
| Office expenses | $310,411 |
| Information technology | $47,905 |
| Royalties | $0 |
| Occupancy | $2,929,120 |
| Travel | $10,009 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,049 |
| Interest | $2,486,893 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,405,148 |
| Insurance | $288,146 |
| All other expenses | $1,615,974 |
| Total functional expenses | $28,839,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,474,729 |
| Pledges and grants receivable | $1,188,141 |
| Accounts receivable, net | $87,716 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $397,366 |
| Net Land, buildings, and equipment | $106,602,506 |
| Investments—publicly traded securities | $51,319,339 |
| Investments—other securities | $3,723,417 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $180,757 |
| Total assets | $175,973,971 |
| Accounts payable and accrued expenses | $7,547,356 |
| Grants payable | $0 |
| Deferred revenue | $49,090,747 |
| Tax-exempt bond liabilities | $63,713,684 |
| 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 | $7,271,468 |
| Total liabilities | $127,623,255 |
| Net assets without donor restrictions | $31,208,231 |
| Net assets with donor restrictions | $17,142,485 |
| 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 | $175,973,971 |
Grants Awarded
Over the last fiscal year, The Pines At Davidson Inc has awarded $404,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MECKLENBURG COUNTY PURPOSE: VOLUNTARY CONTRIBUTION | $270,000 |
TOWN OF DAVIDSON PURPOSE: VOLUNTARY CONTRIBUTION | $134,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Pines At Davidson Inc has recieved totaling $62,450.
| Awarding Organization | Amount |
|---|---|
Hary G & Mary Lore Flowe Brown Tr 1019881682 Las Vegas, NV PURPOSE: GENERAL OPERATING | $38,000 |
Gaston Community Foundation Gastonia, NC PURPOSE: GENERAL SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $6,250 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $6,200 |
Shierson Family Foundation Inc Davidson, NC PURPOSE: CHARITABLE | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ashby Ponds Inc Ashburn, VA | $1,081,002,554 | $105,782,483 |
Greenspring Village Inc Springfield, VA | $635,246,519 | $86,958,670 |
Goodwin House Incorporated Alexandria, VA | $441,770,291 | $109,508,883 |
Lutheran Homes Of South Carolina Inc Irmo, SC | $120,175,361 | $78,300,034 |
Westminster-Canterbury Corporation Richmond, VA | $326,286,753 | $77,739,552 |
Virginia United Methodist Homes Inc Glen Allen, VA | $253,887,875 | $70,234,834 |
Westminster-Canterbury On Chesapeake Bay Virginia Beach, VA | $226,856,514 | $70,077,492 |
Presbyterian Communities Of South Carolina Columbia, SC | $133,476,143 | $58,903,174 |
Givens Estates Inc Asheville, NC | $338,452,219 | $72,683,846 |
Presbyterian Homes Inc Colfax, NC | $256,348,828 | $62,438,008 |
Aldersgate United Methodist Retirement Community Inc Charlotte, NC | $165,248,151 | $44,725,662 |
Everyage Newton, NC | $158,969,277 | $58,100,743 |