Overview
What is Penick Village Inc?
Penick Village Inc is a nonprofit organization based in Southern Pines, North Carolina, with a community of over 230 residents. They provide housing, services, and long-term care in independent living, assisted living, and skilled nursing areas. Penick Village is deeply involved in the local community of Moore County, contributing time and resources to various organizations, including the Moore County Chamber of Commerce, hospitals, and schools. The organization prioritizes personalized care, with skilled nursing services tailored to residents' needs and a strong partnership between the resident, their family, and the Penick Village staff. Penick Village also offers in-home services for those preferring to age in place. Dining services are an essential aspect of Penick Village, providing a wonderful dining experience for residents and their families, with several dining opportunities and individualized menus. Housekeeping services provide general cleaning and linen services, building strong relationships with residents. As a faith-based nonprofit, Penick Village's mission is to cultivate a friendly and safe community where residents can focus on their wellness and relationships while living life to its fullest potential.
Official website here: www.penickvillage.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Penick Village Inc has earned a Three-Star rating from Charity Navigator, reflecting strong accountability and financial practices. With a score of 81%, the organization demonstrates a commitment to transparency and effective governance, with a fully independent board consisting of 16 members and robust policies in place, including conflict of interest and whistleblower policies.
The nonprofit shows a commendable program expense ratio of 74.22%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. This focus on programmatic spending highlights its dedication to fulfilling its mission. Additionally, the organization has no reported material diversion of assets, reinforcing its financial integrity.
However, while Penick Village Inc excels in various governance metrics, it received a low score related to its liabilities to assets ratio (85.08%). This suggests potential concerns regarding financial stability, which may warrant further investigation into its long-term sustainability. Overall, the organization’s strengths in governance and program spending are noteworthy, although the financial ratio may pose challenges.
This AI summary has been generated from information found on Charity Navigator.
Is Penick Village Inc legitimate?
Penick Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Penick Village Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $131,970
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,003,300
For more financial information, click here
Official website here: www.penickvillage.org
What is the mission statement of Penick Village Inc?
Penick Village Inc, as a faith-based non-profit organization, strives to create a welcoming and secure community where residents can focus on their wellness and relationships, enabling them to reach their full potential. Penick Village's mission prioritizes the cultivation of an environment that encourages the pursuit of a fulfilling life. The organization's vision aims to provide an exceptional life planning community experience, delivering top-notch services, lifestyle, and innovation to its residents.
Official website here: www.penickvillage.org
Who is the CEO of Penick Village Inc?
Alva S Cromartie Iii is the Board Member of Penick Village Inc. The CEO's salary of Penick Village Inc is $64,363 and their total compensation is $74,561.
Official website here: www.penickvillage.org
What is the revenue of Penick Village Inc?
Penick Village Inc's revenue in 2022 was $19,095,592.
Official website here: www.penickvillage.org
Who are the executives of Penick Village Inc and what are their salaries?
The average compensation at Penick Village Inc during 2022 was $22,724. There are 358 employees and 340 volunteers at Penick Village Inc.
Here are 22 key members and their salaries (Penick Village Inc's CEO's salary is $64,363 and their total compensation is $74,561):
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- Compensation: $64,363
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- Compensation: $113,514
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- Other: $2,262
Official website here: www.penickvillage.org
Where can I find the form 990 for Penick Village Inc?
Penick Village Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.penickvillage.org
Learn more at the official website: www.penickvillage.org
Mission Statement of Penick Village Inc
Penick Village Inc, a faith-based nonprofit organization, is dedicated to creating a warm and secure community where its residents can prioritize their well-being and nurture meaningful relationships. The mission of Penick Village is to foster an environment that encourages its residents to live life to the fullest potential. By offering exceptional services, innovative lifestyle options, and a premier life planning community experience, Penick Village strives to deliver more than just a place to live. The organization's vision extends beyond the basic needs of its residents, aiming to provide them with the resources and support they need to thrive. The focus on wellness and relationships sets Penick Village apart, allowing its residents to fully engage in their personal growth and community life.
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Impact
October, 2024
Penick Village Inc creates a significant impact within the Southern Pines community and beyond by providing essential housing, services, and long-term care to over 230 residents. Its multifaceted approach includes independent living, assisted living, and skilled nursing care, ensuring that residents receive personalized and high-quality support tailored to their individual needs.
The organization fosters a vibrant community atmosphere where residents can thrive. With a commitment to enhancing the quality of life, Penick Village offers a continuum of care that includes skilled nursing services, rehabilitation therapies, and personalized care plans developed through collaborative efforts with residents and their families. This dedication to tailored care not only addresses health needs but also promotes independence and well-being.
Beyond direct resident care, Penick Village actively contributes to the greater Southern Pines and Moore County communities by donating time and resources to various local organizations, including hospitals, schools, and emergency services. This involvement underscores a commitment to fostering community relationships and providing support where it's needed most.
The dining experience at Penick Village is designed to be both enjoyable and nutritious, reinforcing the idea that a positive environment is integral to residents' overall wellness. Additionally, the organization prioritizes housekeeping services that not only maintain a clean and safe environment but also build supportive relationships with residents.
By nurturing a community where wellness and relationships can flourish, Penick Village Inc excels in creating a safe, engaging, and caring environment conducive to the highest quality of life for its residents.
This information is meant to be a general summary of Penick Village Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $356,779
- Program Service Revenue: $17,668,242
- Gross Receipts: $19,164,705
Assets and Liabilities:
- Total Assets: $70,209,162
- Total Liabilities: $61,812,848
- Net Assets: $8,396,314
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INDEPENDENT LIVING
Revenue
$7,168,147
HEALTHCARE
Revenue
$6,673,768
EARNED ENTRANCE FEES
Revenue
$2,760,213
JA GREER GROUP
Revenue
$425,960
Organization Details
Founding Year
1957
Phone
(910) 692-0300Principal Officer
Alva S Cromartie Iii
Main Address
500 EAST RHODE ISLAND AVENUE, SOUTHERN PINES, NC, 28387
Website
www.penickvillage.orgNTEE Category
Code: P750 - Human services
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