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Nonprofiteer
← PARKWAY VILLAGE INC

Form 990 for tax year 2024

Filed by PARKWAY VILLAGE INC.

Totals

Total revenue
$15,209,624
Total expenses
$15,156,869
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$14,683,744
Investment income
$512,824
Other revenue
$13,056
Total assets, end of year
$44,642,562
Total liabilities, end of year
$20,767,184
Net assets or fund balances, end of year
$23,875,378
Program services expenses (Part IX)
$12,547,452
Management and general expenses
$2,609,417
Fundraising expenses
$0
Program service expenses (Part III)
$12,547,452

Program services were 82.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RESIDENT SERVICES

    total $14,366,635 · related or exempt $14,366,635

  • 2b · Program service revenue: CAFETERIA REVENUE

    total $254,615 · related or exempt $254,615

  • 2c · Program service revenue: BARBER SHOP REVENUE

    total $62,494 · related or exempt $62,494

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $601,705 · excluded $601,705

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $4,263,418 · other assets $500

  • 7b · Less cost or other basis and sales expenses

    securities $4,348,243 · other assets $4,556

  • 7c · Gain or loss

    securities -$84,825 · other assets -$4,056

  • 7d · Net gain or loss

    total -$88,881 · excluded -$88,881

  • 11a · Other revenue: ENTRANCE FEE DEPOSITS

    total $9,000 · excluded $9,000

  • 11d · All other revenue

    total $4,056 · related or exempt $0 · unrelated business $0 · excluded $4,056

  • 11e · Other revenue, total

    $13,056

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $191,647 · management and general $191,647

  • 7 · Other salaries and wages

    total $4,314,853 · program services $3,617,748 · management and general $697,105

  • 8 · Pension plan contributions

    total $228,535 · program services $191,613 · management and general $36,922

  • 9 · Other employee benefits

    total $431,341 · program services $361,654 · management and general $69,687

  • 10 · Payroll taxes

    total $295,562 · program services $247,811 · management and general $47,751

  • 11f · Fees: investment management

    total $44,123 · program services $36,995 · management and general $7,128

  • 11g · Fees: other

    total $4,676,816 · program services $3,921,233 · management and general $755,583 · fundraising $0

  • 12 · Advertising and promotion

    total $181,630 · program services $152,286 · management and general $29,344

  • 13 · Office expenses

    total $172,740 · program services $144,832 · management and general $27,908

  • 14 · Information technology

    total $21,739 · program services $18,227 · management and general $3,512

  • 16 · Occupancy

    total $1,392,365 · program services $1,167,416 · management and general $224,949

  • 17 · Travel

    total $3,616 · program services $3,032 · management and general $584

  • 19 · Conferences, conventions and meetings

    total $16,019 · program services $13,431 · management and general $2,588

  • 22 · Depreciation, depletion and amortization

    total $2,005,553 · program services $1,681,537 · management and general $324,016

  • 23 · Insurance

    total $192,873 · program services $161,713 · management and general $31,160

  • 24a · Other expenses: Home Office

    total $467,246 · program services $391,758 · management and general $75,488

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $323,267 · program services $271,040 · management and general $52,227

  • 24c · Other expenses: Supplies

    total $154,744 · program services $129,744 · management and general $25,000

  • 24d · Other expenses: Payment Assistance Plan

    total $33,759 · program services $28,305 · management and general $5,454

  • 24e · All other expenses

    total $8,441 · program services $7,077 · management and general $1,364 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,147 · end of year $139,959

  • 2 · Savings and temporary cash investments

    beginning of year $1,176,779 · end of year $1,265,560

  • 4 · Accounts receivable

    beginning of year $86,137 · end of year $112,186

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $66,210,892

  • 10b · Land, buildings and equipment: accumulated depreciation

    $41,986,207

  • 10c · Land, buildings and equipment, net

    beginning of year $22,728,378 · end of year $24,224,685

  • 11 · Investments: publicly traded securities

    beginning of year $0

  • 12 · Investments: other securities

    beginning of year $17,957,062 · end of year $18,695,392

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $195,427 · end of year $204,780

  • 17 · Accounts payable and accrued expenses

    beginning of year $369,564 · end of year $336,029

  • 19 · Deferred revenue

    beginning of year $7,875 · end of year $6,300

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $18,312,059 · end of year $20,424,855

  • 27 · Net assets without donor restrictions

    beginning of year $23,495,432 · end of year $23,875,378

Mission and programs · 2024

Mission

TO PROVIDE A RETIREMENT COMMUNITY FOR THE ELDERLY IN WHICH MEDICAL CARE, CULTURAL AND RECREATIONAL BENEFITS ARE EXTENDED TO RESIDENTS IN ADDITION TO HOUSING AND SHELTER.

  • TO PROVIDE A RETIREMENT COMMUNITY FOR THE ELDERLY IN WHICH MEDICAL CARE, CULTURAL AND RECREATIONAL BENEFITS ARE EXTENDED TO RESIDENTS IN ADDITION TO HOUSING AND SHELTER.

    Expenses $12,547,452 · Revenue $14,683,744

As filed on the 2024 return.

Listed in Part VII

  • Greg Kirksey

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2

  • Steve Rose

    ASSISTANT TREASURER

    Total calculated
    $470,912
    From this org
    $0
    From related orgs
    $435,398
    Other
    $35,514
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $322,315 related
    Bonus
    $0 + $110,683 related
    Other
    $0 + $2,400 related
    Deferred
    $0 + $24,150 related
    Nontaxable benefits
    $0 + $11,364 related
    Filer's total
    $0 + $470,912 related

  • Sydney Carter

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.2

  • Todd Hart

    VICE PRESIDENT

    Total calculated
    $312,150
    From this org
    $0
    From related orgs
    $291,151
    Other
    $20,999
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,180 related
    Bonus
    $0 + $72,904 related
    Other
    $0 + $18,067 related
    Deferred
    $0 + $14,003 related
    Nontaxable benefits
    $0 + $6,996 related
    Filer's total
    $0 + $312,150 related

  • David Glover

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • David Moore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Douglas Weeks

    BOARD MEMBER

    Total calculated
    $1,643,102
    From this org
    $0
    From related orgs
    $1,597,463
    Other
    $45,639
    Hours/week
    0.2 + 42.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $864,434 related
    Bonus
    $0 + $557,936 related
    Other
    $0 + $175,093 related
    Deferred
    $0 + $24,150 related
    Nontaxable benefits
    $0 + $21,489 related
    Filer's total
    $0 + $1,643,102 related

  • Phil Cox

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • Troy Wells

    BOARD MEMBER

    Total calculated
    $2,295,979
    From this org
    $0
    From related orgs
    $2,247,764
    Other
    $48,215
    Hours/week
    0.2 + 41.1 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,192,526 related
    Bonus
    $0 + $753,599 related
    Other
    $0 + $301,639 related
    Deferred
    $0 + $24,150 related
    Nontaxable benefits
    $0 + $24,065 related
    Filer's total
    $0 + $2,295,979 related

  • Ben Childers

    EXECUTIVE DIRECTOR

    Total calculated
    $191,646
    From this org
    $173,205
    From related orgs
    $0
    Other
    $18,441
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $149,777
    Bonus
    $14,225
    Other
    $9,203
    Deferred
    $10,551
    Nontaxable benefits
    $7,890
    Filer's total
    $191,646

  • Larraine Ackerson

    LPN SUPERVISOR

    Total calculated
    $113,951
    From this org
    $103,166
    From related orgs
    $0
    Other
    $10,785
    Hours/week
    40

  • Latoya Wilson

    CERTIFIED NURSE ASST

    Total calculated
    $111,548
    From this org
    $101,159
    From related orgs
    $0
    Other
    $10,389
    Hours/week
    40

  • Mark Hamby

    DIRECTOR RESIDENT & FAMILY SVCS

    Total calculated
    $127,913
    From this org
    $112,495
    From related orgs
    $0
    Other
    $15,418
    Hours/week
    40

  • Russell McFalls

    DIRECTOR FACILITIES

    Total calculated
    $139,401
    From this org
    $119,657
    From related orgs
    $0
    Other
    $19,744
    Hours/week
    40

  • Zenia Bradley

    ADMINISTRATOR RN

    Total calculated
    $131,325
    From this org
    $120,012
    From related orgs
    $0
    Other
    $11,313
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
BAPTIST HEALTH, A RELATED ORGANIZATION, USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL OF THE BOARD TO ESTABLISH COMPENSATION OF THE CEO.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Ortho Arkansas Surgery Center LLC

    Orthopedic · AR

    Directly controlled by NA

  • Autumn Road LLC

    Real Estate · AR

    Directly controlled by NA

  • Maumelle Family Practice

    Medical Care · AR

    Directly controlled by NA

  • American Data Network LLC

    Data Services · AR

    Directly controlled by NA

  • Springhill Surgery Center LLC

    Surgery · AR

    Directly controlled by NA

  • Two Financial Centre Holding Company LLC

    Real Estate · AR

    Directly controlled by NA

  • Baptist Health Center for Clinical Research

    Clinical Research · AR

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Multi Management Services Inc

    C Corporation · Management Service · AR · controlled entity

    Directly controlled by NA

  • Baptist Medcare Inc

    C Corporation · Medical Care · AR · controlled entity

    Directly controlled by NA

  • Hotel Properties Inc

    C Corporation · Hotel · AR · controlled entity

    Directly controlled by NA

  • Westside Properties Inc

    C Corporation · Real Estate · AR · controlled entity

    Directly controlled by NA

  • Baptist Medical Systems HMO Inc

    C Corporation · Healthcare Service · AR · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.1
Source object
202513179349308666

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