PRESBYTERIAN VILLAGE NORTH FOREFRONT LIVING

EIN: 510190369 501(c)(3) Housing & Shelter

DALLAS, TX

Total Revenue
$52,024,521
Total Expenses
$57,847,753
Total Assets
$228,408,075
Net Assets
$-24,016,840
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
TX
Principal Officer
TIM MALLAD
Phone
2143559001
Tax Period
2024-01-01 to 2024-12-31

PRESBYTERIAN VILLAGE NORTH FOREFRONT LIVING, founded in 1980, is a mid-sized nonprofit in the Housing & Shelter sector that reported $52.0M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $57.8M exceeded revenue, resulting in a 11% operating deficit.

Mission

PRESBYTERIAN VILLAGE NORTH (PVN), AS A MEMBER OF THE FOREFRONT LIVING FAMILY OF NON-PROFIT ORGANIZATIONS, HAVE A MISSION TO MAKE EACH MOMENT MATTER FOR THOSE IT SERVES. PVN, A CONTINUING CARE RETIREMENT COMMUNITY FOUNDED IN 1980 AND LOCATED ON 66 BEAUTIFUL, GARDEN-LIKE ACRES, PROVIDES A FULL RANGE OF RESIDENTIAL CHOICES AND CARE OPTIONS, INCLUDING RESIDENTIAL LIVING, ASSISTED LIVING, SKILLED NURSING, REHABILITATION, AND ALZHEIMER'S, DEMENTIA, AND OTHER LONG-TERM CARE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $168,730
Program Service Revenue $48,917,563
Investment Income $2,063,583
Other Revenue $874,645
TOTAL REVENUE $52,024,521

Expense Breakdown

Grants Paid $168,730
Salaries & Benefits $23,444,467
Fundraising Expenses $0
Program Expenses $49,186,201
Other Expenses $34,234,556
TOTAL EXPENSES $57,847,753

Year-over-Year Comparison

2024 2023 Change
Revenue $52,024,521 $45,873,611 +0.1%
Expenses $57,847,753 $55,864,880 +0.0%
Net Income $-5,823,232 $-9,991,269 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
605
Volunteers
34

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,803,572
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM W DAVIS TRUSTEE 1.00
Director
$0 $0 $0
CORNELIUS NEIL FOOTE CHAIRMAN 1.00
Officer Director
$0 $0 $0
REBECCA GRUCHALLA MD TRUSTEE 1.00
Director
$0 $0 $0
KEVIN JACKSON TRUSTEE 1.00
Director
$0 $0 $0
BRAD NITSCHKE TRUSTEE 1.00
Director
$0 $0 $0
NOE HINOJOSA TRUSTEE 1.00
Director
$0 $0 $0
LAURA H WRIGHT SECRETARY 1.00
Officer Director
$0 $0 $0
DAVID ASHWORTH TRUSTEE 1.00
Director
$0 $0 $0
ELIZABETH DISCH TRUSTEE 1.00
Director
$0 $0 $0
DOUG HAWTHORNE TRUSTEE 1.00
Director
$0 $0 $0
TIMOTHY MALLAD CHIEF EXECUTIVE OFFICER 1.00
Officer
$0 $59,739 $714,024
STEVEN AILEY CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $26,375 $414,880
SCOTT POLZIN CHIEF OPERATING OFFICER 1.00
Officer
$0 $17,183 $382,242
JANELLE BERTOLINO CHIEF STRATEGY OFFICER 1.00
Officer
$0 $19,362 $292,426
DUSTIN ALLEN EXECUTIVE DIRECTOR - PVN 40.00
Highest
$208,251 $32,284 $240,535
HEATHER J LOGAN CONTROLLER 1.00
Highest
$0 $50,593 $251,525
KEO K VELASQUEZ CORP DR OPERATIONS HOSPITALITY 1.00
Highest
$0 $23,507 $216,627
HEATHER PORCH DIRECTOR OF MARKETING - PVN 40.00
Highest
$185,846 $19,402 $205,248
KRISTEN JORDAN EXECUTIVE DIRECTOR - OAW 0.00
Highest
$0 $243 $209,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $52,024,521 $57,847,753 $228,408,075 $-5,823,232
2023 $45,873,611 $55,864,880 $221,473,510 $-9,991,269
2022 $41,285,725 $51,985,624 $216,098,652 $-10,699,899
2021 $46,469,442 $44,280,387 $220,743,885 $2,189,055
2020 $43,550,182 $45,749,853 $186,512,828 $-2,199,671
2019 $50,291,119 $50,667,207 $142,703,174 $-376,088
2018 $49,808,126 $63,716,600 $141,680,149 $-13,908,474
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