PENICK VILLAGE INC

EIN: 560729010 501(c)(3) Human Services

SOUTHERN PINES, NC

Total Revenue
$21,421,898
Total Expenses
$21,286,914
Total Assets
$76,594,546
Net Assets
$12,492,470
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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
NC
Principal Officer
ALVA S CROMARTIE III
Phone
9106920300
Tax Period
2023-10-01 to 2024-09-30

PENICK VILLAGE INC, founded in 1957, is a mid-sized nonprofit in the Human Services sector that reported $21.4M in total revenue in fiscal year 2023.

Mission

AS A FAITH-BASED NONPROFIT ORGANIZATION, PENICK VILLAGE'S MISSION IS TO CULTIVATE A FRIENDLY AND SAFE COMMUNITY WHERE RESIDENTS HAVE THE FREEDOM TO FOCUS ON THEIR WELLNESS AND RELATIONSHIPS WHILE LIVING TO LIFE'S FULLEST POTENTIAL. (CONTINUED ON SCHEDULE O) PENICK VILLAGE'S VISION IS TO OFFER A PREMIER LIFEPLAN COMMUNITY EXPERIENCE TO OUR RESIDENTS, DELIVERING EXCEPTIONAL SERVICES, LIFESTYLE, AND INNOVATION.

Program Service Accomplishments

Program 1
Expenses: $16,515,843 Revenue: $19,142,082

PENICK VILLAGE PROVIDES HOUSING, SERVICES, AND LONG-TERM CARE TO OVER 230 RESIDENTS. THE SERVICES AND CARE ARE PROVIDED IN INDEPENDENT LIVING, ASSISTED LIVING, AND SKILLED NURSING AREAS. PENICK...

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PENICK VILLAGE PROVIDES HOUSING, SERVICES, AND LONG-TERM CARE TO OVER 230 RESIDENTS. THE SERVICES AND CARE ARE PROVIDED IN INDEPENDENT LIVING, ASSISTED LIVING, AND SKILLED NURSING AREAS. PENICK VILLAGE ALSO CONTRIBUTES TO THE GREATER SOUTHERN PINES COMMUNITY AND MOORE COUNTY IN WHICH IT IS LOCATED BY DONATING TIME AND RESOURCES TO, AMONG OTHERS, THE MOORE COUNTY CHAMBER OF COMMERCE, FIRSTHEALTH HOSPITAL, LEADINGAGE NC, EPISCOPAL DAY SCHOOL, RED CROSS, HABITAT FOR HUMANITY, FRIEND TO FRIEND, AND THE SOUTHERN PINES FIRE AND POLICE DEPARTMENTS. THE PENICK VILLAGE COMMUNITY ALSO PROVIDES FINANCIAL ASSISTANCE TO THOSE RESIDENTS IN NEED.(CONTINUED ON SCHEDULE O)NURSING IS KEY TO THE CONTINUUM OF CARE FOR THE RESIDENTS AT PENICK VILLAGE. SKILLED NURSING SERVICES ARE PROVIDED PER PHYSICIAN ORDERS THAT MAY INCLUDE BUT ARE NOT LIMITED TO ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, MEDICATION ADMINISTRATION, PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY, SPECIALIZED DIETS AND OTHER NEEDS PER ORDERS. THE QUALITY NURSING IS KEY TO ACHIEVING THIS AND IN MAXIMIZING THE QUALITY OF LIFE FOR EACH OF THE RESIDENTS. THE CARE IS PERSONALIZED, AND A STRONG PARTNERSHIP IS DEVELOPED AMONG THE RESIDENT, HIS OR HER FAMILY, AND THE STAFF AT PENICK VILLAGE IN ORDER TO HAVE THE RESIDENT'S NEEDS DRIVE HIS OR HER PLAN OF CARE. PENICK VILLAGE ALSO OFFERS A BROAD RANGE OF IN-HOME SERVICES TO THOSE SENIORS THAT PREFER TO AGE IN HOME. PENICK TAILORS CARE PLANS INDIVIDUALLY, FOLLOWING A FREE IN-HOME CONSULTATION AND ASSESSMENT. POTENTIAL HOME CARE SERVICES INCLUDE COMPANION/SITTER/RESPITE CARE (INCLUDING TRANSPORTATION, LIGHT HOUSEKEEPING, ERRANDS, PET CARE, DAILY CHECK-INS, AND MEDICATION REMINDERS), CARE MANAGEMENT TO ENSURE PROPER TREATMENT, AND POST HOSPITAL DISCHARGE FOLLOW UPS (INCLUDING MEDICARE/LONG-TERM CARE INSURANCE REVIEWS, HOME ORGANIZING/DOWNSIZING, SUPPORT THROUGH DIFFERENT LEVELS OF CARE, HOME SAFETY ASSESSMENTS/MODIFICATIONS, AND REFERRALS TO COMMUMINITY PARTNERS).INDIVIDUALS WHO MOVE INTO PENICK FOR ASSISTED LIVING ARE PROVIDED A UNIQUE SERVICE THAT HAS BEEN PURPOSEFULLY PLANNED TO FILL THEIR INDIVIDUAL NEEDS AND PREFERENCES AND DESIGNED TO SERVE THEM TO THE BEST OF OUR ABILITY. OUR NURSING STAFF MEETS WITH THE NEW RESIDENT AND FAMILY PRIOR TO MOVE IN TO FULLY UNDERSTAND EACH SITUATION AND DESIGN A PERSONALIZED PLAN. ASSISTED LIVING RESIDENTS ENJOY: - A SPACIOUS, PRIVATE APARTMENT- LICENSED CARE SEVEN DAYS A WEEK- DELICIOUS, NUTRITIOUS MEALS- A SAFE SETTING THAT PROMOTES INDEPENDENCE- MEDICATION ASSISTANCE AND/OR ADMINISTRATION AVAILABLE- CARING AND DEDICATED HEALTHCARE PROFESSIONALS- 24-HOUR EMERGENCY CALL SYSTEMS- A VIBRANT SOCIAL ATMOSPHERE- ACCESS TO ALL COMMUNITY AMENITIESDINING SERVICES IS ONE OF PENICK VILLAGE'S ESSENTIAL SERVICES. DINING SERVICES STRIVES TO PRIVIDE A WONDERFUL DINING EXPERIENCE IN ALL LEVELS OF CARE FOR THE RESIDENTS AND THEIR FAMILY AND FRIENDS. THERE ARE SEVERAL DINING OPPORTUNITIES ON THE CAMPUS, INCLUDING THE CAFE EXPERIENCE, A PRIVATE DINING ROOM, CATERING IN ONE'S APARTMENT OR COTTAGE, INDIVIDUALIZED MENUS AND MORE. DINING SERVICES IS COMMITTED TO PREPARING THE SAME QUALITY AND CHOICES OF FOOD ITEMS IN THE HEALTHCARE AREAS THAT ARE AVAILABLE TO INDEPENDENT RESIDENTS. DINING SERVICES ALSO HOSTS EVENTS FOR OTHER SPECIAL COMMUNITY GROUPS SUCH AS THE KIWANIS. AS AN EMPLOYEE BENEFIT, THE STAFF ALSO ENJOYS WONDERFUL MEALS AT A GENEROUS DISCOUNT.PENICK VILLAGE IS ALSO VERY PROUD OF ITS HOUSEKEEPING SERVICES. HOUSEKEEPING PROVIDES GENERAL CLEANING SERVICES ALONG WITH LINEN SERVICES AS REQUESTED. THE HOUSEKEEPING TEAM BUILDS GREAT RELATIONSHIPS WITH THE RESIDENTS THEY ARE SERVING AND HAVE HELPED SIGNIFICANTLY IN TIMES OF NEED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,328,265
Program Service Revenue $19,608,364
Investment Income $485,269
Other Revenue $0
TOTAL REVENUE $21,421,898

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,656,378
Fundraising Expenses $154,460
Program Expenses $16,515,843
Other Expenses $10,630,536
TOTAL EXPENSES $21,286,914

Year-over-Year Comparison

2023 2022 Change
Revenue $21,421,898 $21,944,160 0.0%
Expenses $21,286,914 $20,612,916 +0.0%
Net Income $134,984 $1,331,244 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
398
Volunteers
340

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
8
$696,860
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICAH NEIBAUER PRESIDENT 1.00
Officer Director
$0 $0 $0
FRANK QUIS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHN FRIZZELL IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
LANCE CRAIG TREASURER 1.00
Officer Director
$0 $0 $0
SHERRY PRICE SECRETARY 1.00
Officer Director
$0 $0 $0
MARSHA COLES BOARD MEMBER 1.00
Director
$0 $0 $0
REV J CARR HOLLAND BOARD MEMBER 1.00
Director
$0 $0 $0
DR GARY KRASICKY BOARD MEMBER 1.00
Director
$0 $0 $0
JACKLYNN LESNIAK BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE PENICK BOARD MEMBER 1.00
Director
$0 $0 $0
WAYNE ROBBINS BOARD MEMBER 1.00
Director
$0 $0 $0
MARY RECA TODD BOARD MEMBER 1.00
Director
$0 $0 $0
ALVA CROMARTIE CEO 39.00
Officer
$282,900 $37,613 $320,513
TERRY KEES CFO-RETIRED - 2/28/2024 39.00
Officer
$224,853 $13,995 $238,848
CHRISTOPHER MOONEY CFO AS OF 3/1/24 39.00
Officer
$118,614 $18,885 $137,499
MICHAEL WHITLOCK DIRECTOR OF DINING 40.00
Highest
$108,879 $2,175 $111,054
VERONICA AXT DIRECTOR OF HR 40.00
Highest
$105,932 $12,730 $118,662
WENDY FARRELL DIRECTOR OF MARKETING 40.00
Highest
$111,350 $3,744 $115,094
PANSY REYNOLDS HEALTHCARE ADMINISTRATOR 40.00
Highest
$105,083 $22,702 $127,785
JENNIFER POLLARD DIRECTOR OF HOME CARE 40.00
Highest
$102,016 $14,410 $116,426
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 $21,421,898 $21,286,914 $76,594,546 $134,984
2023 $21,944,160 $20,612,916 $73,223,544 $1,331,244
2022 $19,095,592 $19,277,846 $70,209,162 $-182,254
2021 $19,517,376 $18,139,506 $72,235,809 $1,377,870
2020 $18,076,323 $18,488,736 $72,601,027 $-412,413
2019 $18,487,605 $18,004,184 $58,057,431 $483,421
2018 $18,392,282 $17,404,058 $55,317,094 $988,224
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