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Nonprofiteer
← PINECREST GROVE

Form 990 for tax year 2022

Filed by PINECREST GROVE.

Totals

Total revenue
-$5,371,814
Total expenses
$353,114
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$87,479
Investment income
-$5,459,293
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$13,236,005
Net assets or fund balances, end of year
-$13,236,005
Program services expenses (Part IX)
$316,114
Management and general expenses
$37,000
Fundraising expenses
$0
Program service expenses (Part III)
$316,114

Program services were 89.5% 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 $87,479 · related or exempt $87,479

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

    other assets $5,459,293

  • 7c · Gain or loss

    other assets -$5,459,293

  • 7d · Net gain or loss

    total -$5,459,293 · related or exempt -$5,459,293

Functional expenses

Part IX, the statement of functional expenses.

  • 16 · Occupancy

    total $71,522 · program services $71,522

  • 20 · Interest

    total $13,989 · program services $13,989

  • 22 · Depreciation, depletion and amortization

    total $90,942 · program services $90,942

  • 23 · Insurance

    total $5,574 · program services $5,574

  • 24a · Other expenses: AMORT BOND ISSUANCE COST

    total $133,406 · program services $133,406

  • 24b · Other expenses: MANAGEMENT FEES

    total $37,000 · management and general $37,000

  • 24e · All other expenses

    total $681 · program services $681

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200

  • 4 · Accounts receivable

    beginning of year $246

  • 10c · Land, buildings and equipment, net

    beginning of year $5,545,863

  • 15 · Other assets

    beginning of year $14

  • 17 · Accounts payable and accrued expenses

    beginning of year $209,456 · end of year $35,525

  • 19 · Deferred revenue

    beginning of year $498,946

  • 20 · Tax-exempt bond liabilities

    beginning of year $3,472,033 · end of year $321,003

  • 25 · Other liabilities

    beginning of year $8,876,965 · end of year $12,879,477

  • 27 · Net assets without donor restrictions

    beginning of year -$7,511,077 · end of year -$13,236,005

Mission and programs · 2022

Mission

PINECREST GROVE ADMINISTERS SENIOR CITIZEN RESIDENTIAL PROPERTY. IT IS A CONTINUING CARE RETIREMENT COMMUNITY PROVIDING QUALITY RESIDENTIAL AND HEALTH SERVICES. PINECREST GROVE SEEKS TO PROMOTE AN ACTIVE RETIREMENT AND HEALTHY LIFESTYLE WITH RESPECT, DIGNITY AND SECURITY FOR THE WHOLE PERSON.

Activities or mission (Part I)

PINECREST GROVE IS A CONTINUING CARE RETIREMENT COMMUNITY PROVIDING QUALITY RESIDENTIAL AND HEALTH SERVICES

  • WORKING IN CONJUNCTION WITH THE PINECREST COMMUNITY, PINECREST GROVE PROVIDES CHARITABLE, BENEVOLENT AND ELEEMOSYNARY ADMINISTRATION OF RESIDENTIAL PROPERTY FOR SENIOR CITIZENS, AND IS AN INDEPENDENT ACTIVE ADULT COMMUNITY CONSISTING OF 10 UNITS AND A COMMUNITY CENTER.

    Expenses $316,114 · Revenue $87,479

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andrew Welp

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3 + 0.9 related

  • Gary Henderson

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.3 + 0.9 related

  • Mike Anderson

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3 + 0.9 related

  • Patricia Ball

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.3 + 0.9 related

  • Dr Edward Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.9 related

  • Beverly Binkley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.9 related

  • Tom Glendenning

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.9 related

  • Cathy Hart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.9 related

  • Gary Melvin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.9 related

  • Dr Katie Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.9 related

  • Brenda Nevenhoven

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.9 related

  • Steve Voekler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.9 related

  • Kurt Zuck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.9 related

  • Ferol Labash

    CHIEF EXEC O

    Total calculated
    $0
    Hours/week
    0.3 + 40.6 related

  • James A Stevens Trustee

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3 + 0.9 related

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.

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

1 distribution to a recipient named as a person, $0. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2022
Filed
22 January 2024
IRS schema version
2022v5.0
Source object
202410379349300931

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