Pine Forest Rest Inc
- Assets
- $244.3k
- Revenue
- $569.5k
- Investments
- $0.0
- Employees
- 23
- Location
- Woodland, NC
- Founding
- 12/1996
- Data as of
- 09/2023
- EIN
- 56-0587281
Organization Overview
Pine Forest Rest Inc is located in Woodland, NC. The organization was established in 1996. 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 09/2023, Pine Forest Rest Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pine Forest Rest 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 09/2023, Pine Forest Rest Inc generated $569.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $671.7k during the year ending 09/2023. 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
PROVIDE HOME FOR THE AGED
Describe the Organization's Program Activity:
Part 3 - Line 4a
PINE FOREST REST INC IS A HOME FOR THE AGED. IT PROVIDES SUPERVISORY CARE AND MEALS FOR 23 PEOPLE. OPERATION OF THE HOME DEPEND ON THE FEES COLLECTED FROM THE RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Babb Director | Trustee | 1 | $0 |
Linda Boone Director | Trustee | 1 | $0 |
Gail Hollingsworth Secretary | OfficerTrustee | 1 | $0 |
Brenda Lane Director | Trustee | 1 | $0 |
Jonelle Little Director | Trustee | 1 | $0 |
Pat Liverman Director | Trustee | 1 | $0 |
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 | $93,263 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,263 |
| Total Program Service Revenue | $468,518 |
| Investment income | $1,525 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,156 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $569,462 |
| 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 | $369,258 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,408 |
| Payroll taxes | $28,464 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,870 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $95 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,504 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $402 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,682 |
| Insurance | $26,105 |
| All other expenses | $18,304 |
| Total functional expenses | $671,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,780 |
| Savings and temporary cash investments | $125,284 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $603 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,015 |
| Prepaid expenses and deferred charges | $6,378 |
| Net Land, buildings, and equipment | $46,237 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $244,297 |
| Accounts payable and accrued expenses | $24,445 |
| 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 | $51 |
| Total liabilities | $24,496 |
| Net assets without donor restrictions | $0 |
| 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 | $219,801 |
| Total liabilities and net assets/fund balances | $244,297 |