Penta Nascent Corp
- Assets
- $3.5m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 152
- Location
- Centralia, IL
- Founding
- 12/1994
- Data as of
- 06/2023
- EIN
- 37-1235321
Organization Overview
Penta Nascent Corp is located in Centralia, IL. The organization was established in 1994. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2023, Penta Nascent Corp employed 152 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penta Nascent Corp 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 06/2023, Penta Nascent Corp generated $3.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $3.4m during the year ending 06/2023. While expenses have increased by 3.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE INTERMEDIATE CARE FACILITIES FOR THE DEVELOPMENTALLY DISABLED. TO DEVELOP RESIDENTS SKILLS TO THEIR HIGHEST FUNCTIONING LEVEL. TO OFFER EACH RESIDENT THE OPPORTUNITY TO DEVELOP WITHIN A FRAMEWORK OF THE LEAST RESTRICTIVE ENVIRONMENT POSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FOR THE RESIDENTIAL NEEDS OF THE DEVELOPMENTALLY DISABLED IN THE MARION COUNTY, ILLINOIS AREA BY OPERATING THREE 16-BED NURSING FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Reichenbacher Vice-President | Trustee | 1 | $0 |
Danny Niederhofer President | OfficerTrustee | 1 | $0 |
Janet Kuhl Secretary | OfficerTrustee | 1 | $0 |
Diana Brinkman Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $400,000 |
| Government grants | $42,389 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $442,389 |
| Total Program Service Revenue | $3,214,027 |
| Investment income | $19,924 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,686,400 |
| 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 | $2,035,391 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $121,256 |
| Payroll taxes | $154,515 |
| Fees for services: Management | $187,938 |
| Fees for services: Legal | $17,077 |
| Fees for services: Accounting | $8,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,502 |
| Advertising and promotion | $0 |
| Office expenses | $20,698 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $111,436 |
| Travel | $13,688 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,892 |
| Insurance | $81,872 |
| All other expenses | $28,304 |
| Total functional expenses | $3,427,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $800 |
| Savings and temporary cash investments | $2,735,400 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $296,995 |
| 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 | $12,311 |
| Net Land, buildings, and equipment | $422,441 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,467,947 |
| Accounts payable and accrued expenses | $104,700 |
| 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 | $0 |
| Total liabilities | $104,700 |
| Net assets without donor restrictions | $3,363,247 |
| 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 | $3,467,947 |