PRESBYTERIAN VILLAGE NORTH FOREFRO… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

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, PLEDGES TO MAKE EACH MOMENT MATTER FOR THOSE IT SERVES.

Program Service Accomplishments

Program 1

Expenses: $14,502,839 Revenue: $14,423,629

PROVIDE SKILLED NURSING, ALZHEIMER'S AND DEMENTIA CARE TO OUR COMMUNITY RESIDENTS AND OUTPATIENT THERAPY CLIENTS INCLUDING 88 SKILLED NURSING BEDS.

Program 2

Expenses: $21,634,380 Revenue: $21,516,221

RETIREMENT AND OTHER RELATED SERVICES FOR INDEPENDENT LIVING.

Program 3

Expenses: $13,048,982 Revenue: $12,977,713

PROVIDE ASSISTED LIVING SERVICES IN 145 RESIDENCES.

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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%)

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

Governance

Voting Members

Independent Members

Employees

605

Volunteers

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

$1,803,572

Total Directors

Key Employees

Highest Compensated

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

PRESBYTERIAN VILLAGE NORTH FOREFRONT LIVING