Parkway Village Inc
- Assets
- $44.5m
- Revenue
- $13.0m
- Investments
- $21.6m
- Employees
- 92
- Location
- Little Rock, AR
- Founding
- 02/1984
- Data as of
- 12/2022
- EIN
- 71-0574341
Organization Overview
Parkway Village Inc is located in Little Rock, AR. The organization was established in 1984. 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 12/2022, Parkway Village Inc employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parkway 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, Parkway Village Inc generated $13.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $12.5m during the year ending 12/2022. While expenses have increased by 4.4% 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
TO PROVIDE A RETIREMENT COMMUNITY FOR THE ELDERLY IN WHICH MEDICAL CARE, CULTURAL AND RECREATIONAL BENEFITS ARE EXTENDED TO RESIDENTS IN ADDITION TO HOUSING AND SHELTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A RETIREMENT COMMUNITY FOR THE ELDERLY IN WHICH MEDICAL CARE, CULTURAL AND RECREATIONAL BENEFITS ARE EXTENDED TO RESIDENTS IN ADDITION TO HOUSING AND SHELTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Wells Board Member | Trustee | 0.15 | $0 |
Douglas Weeks Board Member | Trustee | 0.15 | $0 |
Brent Beaulieu Assistant Treasurer | OfficerTrustee | 0.15 | $0 |
Ben Childers Executive Director | Officer | 40 | $158,087 |
David Glover Board Member | Trustee | 0.15 | $0 |
Terry Griffin Peeples President | OfficerTrustee | 0.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $17,190 |
| Government grants | $85,588 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $4,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,778 |
| Total Program Service Revenue | $11,831,335 |
| Investment income | $556,390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $496,610 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,034,934 |
| 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. | $175,585 |
| Compensation of current officers, directors, key employees. | $175,585 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,545,334 |
| Pension plan accruals and contributions | $165,805 |
| Other employee benefits | $328,979 |
| Payroll taxes | $235,500 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $61,465 |
| Fees for services: Other | $920,186 |
| Advertising and promotion | $222,245 |
| Office expenses | $114,615 |
| Information technology | $25,793 |
| Royalties | $0 |
| Occupancy | $1,414,601 |
| Travel | $1,851 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,493 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,608,320 |
| Insurance | $128,277 |
| All other expenses | $39,446 |
| Total functional expenses | $12,516,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,995 |
| Savings and temporary cash investments | $1,140,572 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $119,201 |
| 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 | $0 |
| Net Land, buildings, and equipment | $21,372,006 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $21,643,697 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $195,230 |
| Total assets | $44,503,701 |
| Accounts payable and accrued expenses | $494,761 |
| Grants payable | $0 |
| Deferred revenue | $9,450 |
| 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 | $21,352,250 |
| Total liabilities | $21,856,461 |
| Net assets without donor restrictions | $22,647,240 |
| 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 | $44,503,701 |