Pines Village Retirement Communities Inc
- Assets
- $29.2m
- Revenue
- $6.2m
- Investments
- $3.4m
- Employees
- 134
- Location
- Valparaiso, IN
- Founding
- 06/1985
- Data as of
- 12/2021
- EIN
- 31-1118091
Organization Overview
Pines Village Retirement Communities Inc is located in Valparaiso, IN. The organization was established in 1985. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Pines Village Retirement Communities Inc employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pines Village Retirement Communities 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 Village Retirement Communities Inc generated $6.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $6.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF PINES VILLAGE RETIREMENT COMMUNITIES, INC. (PVRC) IS TO CELEBRATE LIFE BY ENRICHING THE LIVES OF OLDER ADULTS. THROUGH LOCAL PARTNERSHIPS, WE PROVIDE OLDER ADULTS IN THE VALPARAISO AREA A NETWORK OF COMMUNITY CHOICES TO LIVE WELL.
Describe the Organization's Program Activity:
RESIDENTIAL SERVICES - PINES VILLAGE IS A NON-PROFIT CORPORATION THAT PROVIDED CONTINUING CARE RETIREMENT COMMUNITY SERVICES TO 157 RESIDENTS IN 2021 ON A 9-ACRE CAMPUS. WE OFFER RESIDENTS A FULL RANGE OF ACCOMMODATIONS WITH INDEPENDENT LIVING APARTMENTS, HOME HEALTH CARE SERVICES, DINING SERVICES, WELLNESS CENTER, SOCIAL SERVICES, TRANSPORTATION SERVICES, DIVERSE AND INTERGENERATIONAL PROGRAMMING, AND DAILY RECREATIONAL ACTIVITIES THAT ENCOURAGE INDIVIDUALS TO ENGAGE IN LIFE. RESIDENTIAL LIVING IS ALSO PROVIDED IN DUET HOMES AT MERIDIAN WOODS ON 39 ACRES, AND THESE 123 RESIDENTS ARE GIVEN PRIORITY ACCESS TO PINES VILLAGE APARTMENTS WITH ACCESS TO HOME CARE, HOUSEKEEPING SERVICES, TRANSPORTATION, DINING SERVICES, AND HANDYMAN SERVICES. STAFF PARTICIPATE WITH MANY COMMUNITY PARTNERS IN NUMEROUS LOCAL, STATE, AND NATIONAL ORGANIZATIONS, INCLUDING ELDERSTYLE AND LEADING AGE. A TOTAL OF 5,768 HOURS WERE DEVOTED TO BOTH COMMUNITY AND NON-RESIDENT SENIOR ACTIVITIES. RESIDENTS ARE ELIGIBLE TO REQUEST FINANCIAL SUPPORT FROM PINES VILLAGE IF THEIR ASSETS ARE DEPLETED DUE TO LONGEVITY. ALL REQUESTS ARE EVALUATED AND REVIEWED AND SUBSIDY IS PROVIDED IF THEY QUALIFY WHILE PRESERVING PINES VILLAGE'S ABILITY TO OPERATE IN A FINANCIALLY SOUND MANNER.
NUTRITIONAL SERVICES - PINES VILLAGE PROVIDES DINING SERVICES TO ITS RESIDENTS. ADDITIONALLY IN 2021, PINES VILLAGE PROVIDED 80,134 FREE OR LOW-COST MEALS TO SENIORS IN THE COMMUNITY AT BANTA SENIOR CENTER, THROUGH LOCAL MEALS ON WHEELS, AND AT PINES VILLAGE'S VETERANS BREAKFAST CLUB WHICH IS OPEN TO THE COMMUNITY.
HOME HEALTH CARE SERVICES - PINES VILLAGE'S STATE LICENSED PRIVATE DUTY HOME HEALTH CARE AGENCY PROVIDED SERVICES IN 2021 TO 60 SENIORS WHICH RESIDED AT PINES VILLAGE APARTMENTS, DUET HOMES, OR IN THE GREATER VALPARAISO COMMUNITY. AVAILABLE HOME HEALTH SERVICES INCLUDED HOME HEALTH AIDE ASSISTANCE WITH GROOMING, BATHING, DRESSING, LIGHT HOUSEKEEPING, SNACK/MEAL PREPARATION, MEAL DELIVERY, AND HEALTH CARE MONITORING, MEDICATION ASSISTANCE, AND COORDINATION OF CARE BY A RN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Schroeder Chief Financial Officer | Officer | 40 | $124,954 |
Martin Sonnenberg Chief Executive Officer | Officer | 40 | $124,091 |
Tracy Huyvaert VP Administration | Officer | 40 | $109,672 |
Lauren J Mullet Chief Executive Officer Emerita | Officer | 40 | $54,461 |
Jeff Meyers Vice President | OfficerTrustee | 1 | $0 |
Doug Smith President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Coolman Builders Llc Construction Of Homes | 12/30/19 | $325,000 |
Community Living Solutions Construction Services | 12/30/19 | $984,501 |
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 | $76,869 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,869 |
| Total Program Service Revenue | $6,078,945 |
| Investment income | $4,551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$21,957 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,229,769 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $62,128 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $443,072 |
| Compensation of current officers, directors, key employees. | $361,152 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,144,594 |
| Pension plan accruals and contributions | $6,127 |
| Other employee benefits | $245,705 |
| Payroll taxes | $189,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,705 |
| Fees for services: Accounting | $42,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,491 |
| Fees for services: Other | $93,097 |
| Advertising and promotion | $76,421 |
| Office expenses | $2,028 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $757,231 |
| Travel | $3,034 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $333,017 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,373,611 |
| Insurance | $163,924 |
| All other expenses | $33,546 |
| Total functional expenses | $6,663,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $583,826 |
| Savings and temporary cash investments | $2,384,351 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,070 |
| 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 | $105,349 |
| Net Land, buildings, and equipment | $22,480,283 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,370,477 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $216,849 |
| Total assets | $29,196,205 |
| Accounts payable and accrued expenses | $327,914 |
| Grants payable | $0 |
| Deferred revenue | $14,405 |
| Tax-exempt bond liabilities | $7,771,072 |
| 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 | $13,229,101 |
| Total liabilities | $21,342,492 |
| Net assets without donor restrictions | $6,303,813 |
| Net assets with donor restrictions | $1,549,900 |
| 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 | $29,196,205 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pines Village Retirement Communities Inc has recieved totaling $114,100.
| Awarding Organization | Amount |
|---|---|
Porter County Community Foundation Inc Valparaiso, IN PURPOSE: TO ASSIST THE ORGANIZATION IN FURTHERING ITS EXEMPT PURPOSE | $89,100 |
John W Anderson Foundation Valparaiso, IN PURPOSE: EQUIPMENT | $25,000 |
Endowment Analysis
| Beg. Balance | $704,495 |
| Earnings | $137,661 |
| Admin Expense | $9,669 |
| Net Contributions | $300 |
| Grants | $27,091 |
| Ending Balance | $805,696 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Affordable Housing Development Fund Inc Rockford, IL | $87,465,066 | $18,557,415 |
Chicago Low Income Housing Trust Fund Chicago, IL | $68,435,328 | $24,410,244 |
Interfaith Housing Development Corporation Of Chicago Chicago, IL | $13,790,371 | $15,355,980 |
European American Association Chicago, IL | $18,209,689 | $14,984,488 |
Milwaukee Habitat For Humanity Milwaukee, WI | $24,987,795 | $20,382,762 |
Hispanic Housing Development Corp Chicago, IL | $88,735,655 | $15,154,061 |
Residential Options Inc Alton, IL | $11,785,898 | $11,284,358 |
Habitat For Humanity International Inc Indianapolis, IN | $27,221,776 | $14,208,425 |
Oak Park Residence Corp Oak Park, IL | $43,726,959 | $10,429,189 |
Affordable Housing Partners Inc Carmel, IN | $150,650,716 | $9,214,618 |
Housing Partnership Inc Louisville, KY | $43,644,315 | $10,025,390 |