Skip to content
Nonprofiteer
← PINES VILLAGE RETIREMENT COMMUNITIES INC

Form 990 for tax year 2023

Filed by PINES VILLAGE RETIREMENT COMMUNITIES INC.

Totals

Total revenue
$6,678,185
Total expenses
$8,631,550
Contributions and grants received
$368,445
Grants paid
$109,448
Program service revenue
$6,284,677
Investment income
$22,988
Other revenue
$2,075
Total assets, end of year
$26,675,335
Total liabilities, end of year
$20,499,638
Net assets or fund balances, end of year
$6,175,697
Program services expenses (Part IX)
$7,671,862
Management and general expenses
$959,688
Fundraising expenses
$0
Program service expenses (Part III)
$7,671,862

Program services were 88.9% 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.

  • 1e · Government grants (contributions)

    $300,000

  • 1f · All other contributions, gifts and grants

    $68,445

  • 2a · Program service revenue: NET SERVICE REVENUE

    total $5,067,520 · related or exempt $5,067,520

  • 2b · Program service revenue: RESIDENT SERVICES

    total $532,229 · related or exempt $532,229

  • 2c · Program service revenue: RESIDENT/EMPLOYEE MEAL

    total $464,627 · related or exempt $464,627

  • 2d · Program service revenue: AMORTIZATION OF ENTRAN

    total $220,301 · related or exempt $220,301

  • 3 · Investment income

    total $22,988 · excluded $22,988

  • 6a · Gross rents

    real property $16,080

  • 6b · Less rental expenses

    real property $32,961

  • 6c · Rental income or loss

    real property -$16,881

  • 6d · Net rental income or loss

    total -$16,881 · unrelated business -$16,881

  • 11a · Other revenue: CAFE REVENUE

    total $1,021 · unrelated business $1,021

  • 11d · All other revenue

    total $17,935 · excluded $17,935

  • 11e · Other revenue, total

    $18,956

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $109,448 · program services $109,448

  • 5 · Compensation of officers, directors and key employees

    total $306,230 · management and general $306,230

  • 7 · Other salaries and wages

    total $2,510,527 · program services $2,263,136 · management and general $247,391

  • 8 · Pension plan contributions

    total $86,468 · program services $64,578 · management and general $21,890

  • 9 · Other employee benefits

    total $244,381 · program services $218,439 · management and general $25,942

  • 10 · Payroll taxes

    total $205,742 · program services $167,690 · management and general $38,052

  • 11b · Fees: legal

    total $5,184 · management and general $5,184

  • 11c · Fees: accounting

    total $42,290 · management and general $42,290

  • 11f · Fees: investment management

    total $36,207 · management and general $36,207

  • 11g · Fees: other

    total $90,015 · program services $36,684 · management and general $53,331

  • 12 · Advertising and promotion

    total $66,255 · program services $3,600 · management and general $62,655

  • 13 · Office expenses

    total $2,386 · program services $188 · management and general $2,198

  • 16 · Occupancy

    total $785,282 · program services $765,800 · management and general $19,482

  • 17 · Travel

    total $3,483 · program services $2,268 · management and general $1,215

  • 20 · Interest

    total $434,506 · program services $423,970 · management and general $10,536

  • 22 · Depreciation, depletion and amortization

    total $1,442,627 · program services $1,410,271 · management and general $32,356

  • 23 · Insurance

    total $179,738 · program services $174,929 · management and general $4,809

  • 24a · Other expenses: LOSS ON ABANDONED ASSET

    total $1,281,106 · program services $1,281,106

  • 24b · Other expenses: FOOD

    total $485,009 · program services $485,009

  • 24c · Other expenses: SUPPLIES

    total $169,686 · program services $151,126 · management and general $18,560

  • 24d · Other expenses: EQUIPMENT AND REPAIRS

    total $97,862 · program services $87,504 · management and general $10,358

  • 24e · All other expenses

    total $47,118 · program services $26,116 · management and general $21,002

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $717,354 · end of year $635,879

  • 2 · Savings and temporary cash investments

    beginning of year $2,505,818 · end of year $1,959,771

  • 4 · Accounts receivable

    beginning of year $56,193 · end of year $71,504

  • 9 · Prepaid expenses and deferred charges

    beginning of year $89,920 · end of year $94,433

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

    $45,254,216

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

    $24,620,565

  • 10c · Land, buildings and equipment, net

    beginning of year $22,165,533 · end of year $20,633,651

  • 12 · Investments: other securities

    beginning of year $2,733,570 · end of year $3,086,470

  • 15 · Other assets

    beginning of year $162,522 · end of year $193,627

  • 17 · Accounts payable and accrued expenses

    beginning of year $581,570 · end of year $356,634

  • 19 · Deferred revenue

    beginning of year $1,000,402 · end of year $1,044,273

  • 20 · Tax-exempt bond liabilities

    beginning of year $7,460,832 · end of year $7,135,170

  • 23 · Secured mortgages and notes payable

    beginning of year $81,980 · end of year $78,579

  • 25 · Other liabilities

    beginning of year $11,564,294 · end of year $11,884,982

  • 27 · Net assets without donor restrictions

    beginning of year $6,308,960 · end of year $4,682,461

  • 28 · Net assets with donor restrictions

    beginning of year $1,432,872 · end of year $1,493,236

Mission and programs · 2023

Mission

THE MISSION OF PINES VILLAGE RETIREMENT COMMUNITIES, INC. (PVRC) IS TO CELEBRATE LIFE BY ENRICHING THE LIVES OF OLDER ADULTS. THROUGH LOCAL PARTNERSHIPS, WE PROVIDE OLDER ADULTS IN THE VALPARAISO AREA A NETWORK OF COMMUNITY CHOICES TO LIVE WELL.

  • RESIDENTIAL SERVICES - PINES VILLAGE IS A NON-PROFIT CORPORATION THAT PROVIDED CONTINUING CARE RETIREMENT COMMUNITY SERVICES TO 198 RESIDENTS IN 2023 ON A 9-ACRE CAMPUS. WE OFFER RESIDENTS A FULL RANGE OF ACCOMMODATIONS WITH INDEPENDENT LIVING APARTMENTS, HOME HEALTH CARE SERVICES, DINING SERVICES, WELLNESS CENTER, SOCIAL SERVICES, TRANSPORTATION SERVICES, DIVERSE AND INTERGENERATIONAL PROGRAMMING, AND DAILY RECREATIONAL ACTIVITIES THAT ENCOURAGE INDIVIDUALS TO ENGAGE IN LIFE. RESIDENTIAL LIVING IS ALSO PROVIDED IN DUET HOMES AT MERIDIAN WOODS ON 39 ACRES, AND THESE 138 RESIDENTS ARE GIVEN PRIORITY ACCESS TO PINES VILLAGE APARTMENTS WITH ACCESS TO HOME CARE, HOUSEKEEPING SERVICES, TRANSPORTATION, DINING SERVICES, AND HANDYMAN SERVICES. STAFF PARTICIPATE WITH MANY COMMUNITY PARTNERS IN NUMEROUS LOCAL, STATE, AND NATIONAL ORGANIZATIONS, INCLUDING ELDERSTYLE AND LEADING AGE. A TOTAL OF 7,062 HOURS WERE DEVOTED TO BOTH COMMUNITY AND NON-RESIDENT SENIOR ACTIVITIES. RESIDENTS ARE ELIGIBLE TO REQUEST FINANCIAL SUPPORT FROM PINES VILLAGE IF THEIR ASSETS ARE DEPLETED DUE TO LONGEVITY. ALL REQUESTS ARE EVALUATED AND REVIEWED AND SUBSIDY IS PROVIDED IF THEY QUALIFY WHILE PRESERVING PINES VILLAGE'S ABILITY TO OPERATE IN A FINANCIALLY SOUND MANNER.

    Expenses $5,600,459 · Grants $109,448 · Revenue $5,265,152

  • NUTRITIONAL SERVICES - PINES VILLAGE PROVIDES DINING SERVICES TO ITS RESIDENTS. ADDITIONALLY IN 2023, PINES VILLAGE PROVIDED 60,739 FREE OR LOW-COST MEALS TO SENIORS IN THE COMMUNITY AT BANTA SENIOR CENTER, THROUGH LOCAL MEALS ON WHEELS, AND AT PINES VILLAGE'S VETERANS BREAKFAST CLUB WHICH IS OPEN TO THE COMMUNITY.

    Expenses $1,227,498 · Revenue $464,627

  • HOME HEALTH CARE SERVICES - PINES VILLAGE'S STATE LICENSED PRIVATE DUTY HOME HEALTH CARE AGENCY PROVIDED SERVICES IN 2023 TO 58 SENIORS WHICH RESIDED AT PINES VILLAGE APARTMENTS, DUET HOMES, OR IN THE GREATER VALPARAISO COMMUNITY. AVAILABLE HOME HEALTH SERVICES INCLUDED HOME HEALTH AIDE ASSISTANCE WITH GROOMING, BATHING, DRESSING, LIGHT HOUSEKEEPING, SNACK/MEAL PREPARATION, MEAL DELIVERY, AND HEALTH CARE MONITORING, MEDICATION ASSISTANCE, AND COORDINATION OF CARE BY A RN.

    Expenses $843,905 · Revenue $554,898

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Doug Smith

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Todd Wagenblast

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Marilyn Buczkowski

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Joan Bondi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Caleb Walma

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • George Douglas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tim Scannell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Bozik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joel Troxel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Foy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Seibert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Denise Schroeder

    CHIEF FINANCIAL OFFICER

    Total calculated
    $117,374
    From this org
    $112,860
    From related orgs
    $0
    Other
    $4,514
    Hours/week
    40

  • Martin Sonnenberg

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $188,856
    From this org
    $168,935
    From related orgs
    $0
    Other
    $19,921
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,935
    Bonus
    $0
    Other
    $0
    Deferred
    $6,757
    Nontaxable benefits
    $13,164
    Filer's total
    $188,856

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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
27 August 2024
IRS schema version
2023v5.1
Source object
202412549349301711

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.