Parkway Village Inc
- Assets
- $46.4m
- Revenue
- $10.2m
- Investments
- $24.9m
- Employees
- 105
- Location
- Little Rock, AR
- Founding
- 02/1984
- Data as of
- 12/2021
- 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 12/2021, Parkway Village Inc employed 105 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 12/2021, Parkway Village Inc generated $10.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $10.0m during the year ending 12/2021. While expenses have increased by 1.8% 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
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 |
|---|---|---|---|
Ben Childers Executive Director | 40 | $145,989 | |
Brent Beaulieu Assistant Treasurer | OfficerTrustee | 0.15 | $0 |
Wes Sutton President | OfficerTrustee | 0.15 | $0 |
Dr Ray Higgins Secretary/treasurer | OfficerTrustee | 0.15 | $0 |
Terry Peeples Vice President | OfficerTrustee | 0.15 | $0 |
Troy Wells Board Member | Trustee | 0.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $29,033 |
| Government grants | $348,490 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $29,033 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $377,523 |
| Total Program Service Revenue | $9,125,953 |
| Investment income | $533,724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $171,168 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,218,970 |
| 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 | $3,471,578 |
| Pension plan accruals and contributions | $124,156 |
| Other employee benefits | $317,602 |
| Payroll taxes | $202,721 |
| 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 | $51,593 |
| Fees for services: Other | $743,092 |
| Advertising and promotion | $192,955 |
| Office expenses | $110,676 |
| Information technology | $28,383 |
| Royalties | $0 |
| Occupancy | $1,270,691 |
| Travel | $1,626 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $274 |
| Interest | $582 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,352,255 |
| Insurance | $126,653 |
| All other expenses | $79,566 |
| Total functional expenses | $9,999,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,825 |
| Savings and temporary cash investments | $1,133,081 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,857 |
| 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 | $19,921,138 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $24,876,669 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $195,017 |
| Total assets | $46,357,587 |
| Accounts payable and accrued expenses | $378,714 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $19,627,285 |
| Total liabilities | $20,005,999 |
| Net assets without donor restrictions | $26,351,588 |
| 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 | $46,357,587 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Parkway Village Inc has recieved totaling $29,032.
| Awarding Organization | Amount |
|---|---|
Baptist Health Foundation Little Rock, AR PURPOSE: EXEMPT PURPOSE | $29,032 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bishop Spencer Place Inc Kansas City, MO | $31,543,334 | $13,908,229 |
Lakeshore Estate Inc Nashville, TN | $27,064,642 | $18,022,154 |
Bethesda Health Group Inc St Louis, MO | $17,800,638 | $4,853,543 |
Meridian Village Association St Louis, MO | $41,915,755 | $18,412,695 |
Butterfield Trail Village Incorporated Fayetteville, AR | $73,135,439 | $22,090,800 |
The Tulsa Jewish Community Retirement And Health Care Center Tulsa, OK | $24,377,632 | $17,313,763 |
Ave Maria Home Memphis, TN | $24,665,366 | $18,165,699 |
Glen Retirement System Shreveport, LA | $63,632,764 | $16,204,462 |
The Sarah Community Bridgeton, MO | $41,387,410 | $17,605,015 |
Blakeford At Green Hills Corporation Nashville, TN | $102,878,006 | $17,185,961 |
Ascension Living Sherbrooke Village St Louis, MO | $25,585,196 | $12,871,813 |
St Simeons Episcopal Home Inc Tulsa, OK | $25,094,852 | $15,031,463 |