Peconic Landing At Southold Inc
- Assets
- $144.1m
- Revenue
- $36.6m
- Investments
- $55.2m
- Employees
- 370
- Location
- Greenport, NY
- Founding
- 01/1999
- Data as of
- 12/2021
- EIN
- 11-3277669
Organization Overview
Peconic Landing At Southold Inc is located in Greenport, NY. The organization was established in 1999. 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, Peconic Landing At Southold Inc employed 370 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Peconic Landing At Southold 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, Peconic Landing At Southold Inc generated $36.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $32.2m during the year ending 12/2021. While expenses have increased by 5.4% 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
PECONIC LANDING STRIVES TO BE A PREEMINENT SENIOR SERVICES PROVIDER. GUIDED BY OUR CORE VALUES, AND PHILOSOPHY OF INNOVATION, WE ARE COMMITTED TO WORK IN PARTNERSHIP WITH ALL TO ACHIEVE OUR VISION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PECONIC LANDING, WE STRIVE TO BRING TOGETHER INDIVIDUALS OF ALL AGES AND ABILITIES BY SERVING AS A VIBRANT COMMUNITY CENTER AND CULTURAL ARTS HUB FOR THE EAST END. THROUGH OUR INNOVATIVE SOCIAL ACCOUNTABILITY PROGRAM, INDIVIDUALS CAN IMMERSE THEMSELVES IN A GREAT VARIETY OF CULTURAL, EDUCATIONAL, WELLNESS, AND HELPFUL OPPORTUNITIES AVAILABLE FREE TO THE PUBLIC THAT ARE DESIGNED TO INSPIRE AND ENGAGE. EACH EVENT IS HOSTED WITH THE PURPOSE OF ENRICHING THE LIVES OF THOSE WHO TAKE PART. OUR COMMUNITY DOES THIS WITH ONE COMMON GOAL IN MIND: TO MAKE A POSITIVE, MEASURABLE IMPACT, IMPROVING QUALITY OF LIFE FOR THOSE WHO WORK AND LIVE ON THE EAST END.THE FOLLOWING EVENTS TOOK PLACE IN 2021 FOR THE RESIDENTS OF PECONIC LANDING:JOHN MAY MILE: IN CELEBRATION OF OLDER AMERICAN'S MONTH, WE HOSTED THIS ANNUAL 5K RACE AND 1-MILE WALK TO BENEFIT THE GREENPORT FIRE DEPARTMENT. IN 2021, WE HOSTED APPROX. 300 ATTENDEES, LOWER THAN YEARS PAST, WHICH COULD BE THE RESULT OF A BREAK IN 2020 DUE TO COVID-19. UNLIKE IN PREVIOUS YEARS WHERE WE SERVED UP A BARBECUE, IN 2021 WE INVITED FOOD TRUCKS FOR FOOD SAFETY AS WELL AS HOSTED A FARMER'S MARKET AND CRAFTS SALE FOR LOCAL VENDORS. SINCE 2005, PL HAS SPONSORED AND HOSTED THIS ANNUAL FUNDRAISER, DONATING IN EXCESS OF $220K TO THE FIRE DEPARTMENT. THE FUNDS HAVE HELPED THE DEPARTMENT PURCHASE, REFURBISH AND MAINTAIN VITAL SAFETY EQUIPMENT. METROPOLITAN OPERA: ONCE A MONTH FOR 8 MONTHS, WE SIMULCAST THE METROPOLITAN OPERA SEASON FROM THE MET DIRECTLY IN OUR OWN THEATER. EACH OPERA BOASTS ATTENDANCE OF BETWEEN 120-150 MEMBERS WHO VIEW THE LIVE SHOWING OF EACH PERFORMANCE OF THE SEASON FROM THE MET. WITH SPECIALLY INSTALLED AUDIO TO PROVIDE THE BEST QUALITY AUDIO AND HD FOR VISUAL QUALITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Syron President/ceo | OfficerTrustee | 40 | $393,810 |
Gregory Garrett Executive VP - Adm. Health | Officer | 40 | $265,515 |
Darryl Volinski Dir. Of Environ. Services | 40 | $188,577 | |
Patricia Lutzky V.P. Resident Services | 40 | $165,158 | |
Lisa Quinn Director Of Finance | Officer | 40 | $160,042 |
William Bjornholm Dir. Of Fine Dining | 40 | $148,072 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flanders Heating And Air Conditioning Hvac Services | 12/30/21 | $334,218 |
American Bath & Tile Co Painting Services | 12/30/21 | $209,749 |
Charel Contracting Inc Contractor Services | 12/30/21 | $318,725 |
Brightview Landscapes Llc Landscaping Services | 12/30/21 | $168,895 |
George's Painting Inc Painting Services | 12/30/21 | $303,701 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,091 |
| Related organizations | $0 |
| Government grants | $3,079,086 |
| All other contributions, gifts, grants, and similar amounts not included above | $645,414 |
| Noncash contributions included in lines 1a–1f | $2,312 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,754,591 |
| Total Program Service Revenue | $26,868,403 |
| Investment income | $426,196 |
| Tax Exempt Bond Proceeds | $81,289 |
| Royalties | $0 |
| Net Rental Income | $41,979 |
| Net Gain/Loss on Asset Sales | $1,357,090 |
| Net Income from Fundraising Events | -$12,736 |
| Net Income from Gaming Activities | $2,995 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,575,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,350 |
| 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. | $977,936 |
| Compensation of current officers, directors, key employees. | $150,564 |
| Compensation to disqualified persons | $19,058 |
| Other salaries and wages | $11,689,780 |
| Pension plan accruals and contributions | $398,472 |
| Other employee benefits | $2,749,081 |
| Payroll taxes | $1,382,269 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $187,747 |
| Fees for services: Accounting | $151,402 |
| Fees for services: Lobbying | $305 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $64,327 |
| Fees for services: Other | $575,753 |
| Advertising and promotion | $139,121 |
| Office expenses | $822,762 |
| Information technology | $270,671 |
| Royalties | $0 |
| Occupancy | $3,249,988 |
| Travel | $22,972 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,087 |
| Interest | $590,397 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,217,897 |
| Insurance | $262,257 |
| All other expenses | $458,004 |
| Total functional expenses | $32,168,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,372,330 |
| Savings and temporary cash investments | $10,303,195 |
| Pledges and grants receivable | $600,693 |
| Accounts receivable, net | $3,311,576 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,796,119 |
| Inventories for sale or use | $147,013 |
| Prepaid expenses and deferred charges | $328,653 |
| Net Land, buildings, and equipment | $46,081,272 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $55,153,509 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,045,785 |
| Total assets | $144,140,145 |
| Accounts payable and accrued expenses | $4,761,851 |
| Grants payable | $0 |
| Deferred revenue | $6,774,503 |
| Tax-exempt bond liabilities | $42,558,211 |
| Escrow or custodial account liability | $15,561,396 |
| 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 | $109,690,930 |
| Total liabilities | $179,346,891 |
| Net assets without donor restrictions | -$36,056,613 |
| Net assets with donor restrictions | $849,867 |
| 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 | $144,140,145 |
Grants Awarded
Over the last fiscal year, Peconic Landing At Southold Inc has awarded $25,865 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GREENPORT FIRE DEPARTMENT PURPOSE: GENERAL SUPPORT | $20,715 |
Greenport, NY PURPOSE: GENERAL SUPPORT | $5,150 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Peconic Landing At Southold Inc has recieved totaling $2,591.
| Awarding Organization | Amount |
|---|---|
May Foundation Trust Oakland, CA PURPOSE: SUPPORTS GREENPORT VOLUNTEER FIRE DEPT | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $91 |
Endowment Analysis
| Beg. Balance | $514,294 |
| Earnings | $1,101 |
| Other Expense | $14,972 |
| Ending Balance | $500,423 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Willow Valley Communities Lancaster, PA | $552,338,395 | $126,609,439 |
Isabella Geriatric Center Inc Brooklyn, NY | $130,669,713 | $93,043,151 |
Seabrook Village Inc Tinton Falls, NJ | $317,428,948 | $63,950,386 |
Spiritrust Lutheran York, PA | $151,346,375 | $71,838,005 |
Humangood Pennsylvania Lafayette Hill, PA | $322,351,436 | $66,729,303 |
Newbridge On The Charles Inc Boston, MA | $302,355,064 | $54,466,975 |
Menno-Haven Inc Chambersburg, PA | $224,712,119 | $60,604,024 |
Kendal-Crosslands Communities Kennett Square, PA | $254,475,918 | $64,274,930 |
Old Colony Elder Services Inc Brockton, MA | $21,708,151 | $57,499,133 |
United Church Of Christ Homes Camp Hill, PA | $133,046,183 | $59,846,484 |
Masonicare Health Center Wallingford, CT | $30,328,856 | $51,314,223 |
Trustees Of The Masonic Hall And Asylum Fund New York, NY | $379,711,052 | $51,080,560 |