Overview
What is Penney Retirement Community Inc?
Penney Retirement Community Inc is a nonprofit organization located in Penney Farms, Florida. They offer housing, healthcare, and associated services through the operation of a retirement community. The community consists of 301 apartments, cottages, and homes, a 20-bed memory care center, 55 independent living units with assistive services, and a licensed skilled nursing center for up to 50 residents. The community also features recreational amenities, including a nine-hole golf course, indoor swimming pool, fitness center, art studio, craft facilities, libraries, and dining facilities. Their mission is to serve seniors who wish to retire in an inclusive Christian community, striving for an abundant life through social interaction and service. Penney Retirement Community Inc employs a team of 302 individuals.
Official website here: www.penneyretirementcommunity.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81%, Three-Star out of Four Star rating.
Penney Retirement Community Inc currently holds a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization has achieved a high score of 81% primarily due to its strong performance in accountability and finance metrics, showcasing its commitment to transparency and responsible management of funds.
Strengths of the organization include a fully independent board of members, which contributes to effective governance. They also maintain rigorous oversight through an audit committee, and there are no reported issues of material diversion of assets. Additionally, the organization demonstrates a high program expense ratio, with over 90% of its expenditures going towards programs rather than administrative costs, reflecting its dedication to its mission.
However, a notable limitation is the organization's liabilities to assets ratio, which scored zero out of fifteen points. This suggests potential concerns regarding financial stability or leverage, indicating that while the organization operates well in many areas, there may be underlying financial risks that warrant attention. Overall, Penney Retirement Community Inc shows promise in its operational practices while also facing challenges in ensuring long-term financial health.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Penney Retirement Community Inc?
92% of 14 reviewers on Facebook recommend Penney Retirement Community Inc. Here is a summary of their reviews:
Many contributors express high satisfaction with their experiences at this nonprofit, highlighting the quality of the services offered. One reviewer specifically applauded the community, stating that it was the best choice they could have made. This sentiment showcases a positive perspective, suggesting that potential residents are likely to appreciate what the organization has to offer.
However, there is at least one reviewer who does not recommend the community, indicating that not every experience may align with the overall positive sentiment. Overall, the majority seem to endorse Penney Retirement Community as a supportive environment, encouraging others to visit and explore the opportunities available.
This AI summary has been generated from reviews found on Facebook.
Is Penney Retirement Community Inc legitimate?
Penney Retirement Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Penney Retirement Community 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: $339,629
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,298,449
For more financial information, click here
Official website here: www.penneyretirementcommunity.org
What is the mission statement of Penney Retirement Community Inc?
Penney Retirement Community Inc is an inclusive Christian continuing care retirement community dedicated to enriching the lives of seniors through social interaction and service. The organization strives for an abundant life by providing housing, healthcare, and related services to its residents. This includes 301 apartments, cottages, and homes, a memory care center with 20 beds, 55 independent living units offering assistive services, and a skilled nursing center with a capacity of 50 residents. Penney Retirement Community Inc offers various recreational amenities, such as a nine-hole golf course, indoor swimming pool, fitness center, art studio, craft facilities, libraries, and dining facilities, to foster social engagement and enhance the overall well-being of its residents.
Official website here: www.penneyretirementcommunity.org
Who is the CEO of Penney Retirement Community Inc?
Teresa Scott is the President/ Ceo of Penney Retirement Community Inc. The CEO's salary of Penney Retirement Community Inc is $189,152 and their total compensation is $205,940.
Official website here: www.penneyretirementcommunity.org
What is the revenue of Penney Retirement Community Inc?
Penney Retirement Community Inc's revenue in 2022 was $18,040,863.
Official website here: www.penneyretirementcommunity.org
Who are the executives of Penney Retirement Community Inc and what are their salaries?
The average compensation at Penney Retirement Community Inc during 2022 was $21,980. There are 302 employees and 325 volunteers at Penney Retirement Community Inc.
Here are 20 key members and their salaries (Penney Retirement Community Inc's CEO's salary is $189,152 and their total compensation is $205,940):
- Compensation: $189,152
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- Other: $16,788
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- Other: $17,444
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Official website here: www.penneyretirementcommunity.org
Where can I find the form 990 for Penney Retirement Community Inc?
Penney Retirement Community Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.penneyretirementcommunity.org
Learn more at the official website: www.penneyretirementcommunity.org
Mission Statement of Penney Retirement Community Inc
Penney Retirement Community Inc, a inclusive Christian continuing care retirement community, strives for the abundant life through social interaction and service. This organization, dedicated to serving seniors, offers a vibrant living environment with an array of services and amenities.
At Penney Retirement Community Inc, one can find housing options that cater to various needs, from apartments and cottages to assisted living units and a memory care center. The community also features a skilled nursing center with capacity for fifty residents. Residents enjoy a rich and active lifestyle, taking advantage of the recreational amenities, such as a nine-hole golf course, indoor swimming pool, fitness center, art studio, craft facilities, libraries, and dining facilities.
Penney Retirement Community Inc's mission goes beyond providing shelter and healthcare services. It aims to foster a thriving and inclusive community, where seniors can live out their golden years surrounded by fellow residents and engaging in various activities. The inclusive Christian community spirit is woven into the fabric of the organization, creating an environment that supports the emotional, social, and spiritual wellbeing of its residents.
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Impact
October, 2024
Penney Retirement Community Inc significantly enhances the lives of seniors by providing a supportive and inclusive environment tailored to their needs. Situated in Penney Farms, Florida, the community offers a variety of living arrangements, including 301 apartments, cottages, and homes, ensuring that residents can find suitable accommodations that cater to their preferences and requirements.
The organization focuses on comprehensive care through its licensed skilled nursing center, memory care center, and independent living units with assistive services, allowing residents to receive the necessary support as their health needs evolve. This continuum of care fosters a sense of security and peace of mind for both residents and their families.
Beyond medical care and housing, the community thrives on promoting social interaction and well-being through recreational amenities. Residents enjoy a rich array of activities, including access to a nine-hole golf course, an indoor swimming pool, a fitness center, and various creative spaces like an art studio and craft facilities. Dining options and libraries further contribute to a vibrant community atmosphere where seniors can engage with one another, pursue hobbies, and maintain active lifestyles.
Overall, Penney Retirement Community Inc plays a vital role in enriching the lives of seniors by fostering connection, providing essential services, and creating an environment where they can live abundantly and joyfully in their retirement years.
This information is meant to be a general summary of Penney Retirement Community 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: $531,752
- Program Service Revenue: $16,458,906
- Gross Receipts: $21,961,138
Assets and Liabilities:
- Total Assets: $67,339,393
- Total Liabilities: $47,793,841
- Net Assets: $19,545,552
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICE REVENUES
Revenue
$16,095,041
OTHER RESIDENT SERVICE REVENUE
Revenue
$363,865
Organization Details
Founding Year
1965
Phone
(904) 284-8200Principal Officer
Teresa Scott
Main Address
PO BOX 555, PENNEY FARMS, FL, 320790555
NTEE Category
Code: P750 - Human services
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