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PENICK VILLAGE INC

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Public IRS 990 nonprofit record

PENICK VILLAGE INC

EIN 56-0729010 · Human Services (P750)

What they do

AS A FAITH-BASED NONPROFIT ORGANIZATION, PENICK VILLAGES MISSION is to CULTIVATE A FRIENDLY and SAFE COMMUNITY WHERE RESIDENTS HAVE THE FREEDOM to FOCUS ON THEIR WELLNESS and RELATIONSHIPS WHILE LIVING to LIFES FULLEST POTENTIAL. (CONTINUED ON SCHEDULE O) PENICK VILLAGES VISION is to OFFER A PREMIER LIFEPLAN COMMUNITY EXPERIENCE to OUR RESIDENTS, DELIVERING EXCEPTIONAL SERVICES, LIFESTYLE, and INNOVATION.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $77.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders20 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

77.10%of revenue went to mission work77.6% of expenses · Program services
0.72%of revenue went to fundraising0.7% of expenses
$88.50spent for every $100 of revenueRevenue covered expenses this year.
21.55%of revenue went to management and office costs21.7% of expenses
$7.35in assets for every $1 spent this yearSome assets cannot be spent right away.
5.5%of its money came from giftsOther money may come from services or investments.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $320,513 for ALVA CROMARTIE (CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$21,421,898
Mission workProgram services$16,515,84377.10% of revenue77.6% of expenses
ManagementOffice and general costs$4,616,61121.55% of revenue21.7% of expenses
FundraisingAsking for donations$154,4600.72% of revenue0.7% of expenses
Revenue left after expensesReported annual surplus$134,9840.63% of revenueShown in gray on the chart
Total expenses$21,286,91499.37% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2023CurrentExpense mix: 77.6% mission · 21.7% management · 0.7% fundraisingTotal expenses: 99.37% of revenue
2022Expense mix: 76.2% mission · 22.8% management · 0.9% fundraisingTotal expenses: 93.93% of revenue
2021Expense mix: 77.7% mission · 21.8% management · 0.5% fundraisingTotal expenses: 100.95% of revenue
2020Expense mix: 76.3% mission · 23.6% management · 0.2% fundraisingTotal expenses: 92.94% of revenue
2019Expense mix: 77.8% mission · 22.1% management · 0.1% fundraisingTotal expenses: 102.28% of revenue
2018Expense mix: 68.5% mission · 29.0% management · 2.5% fundraisingTotal expenses: 97.39% of revenue
2017Expense mix: 61.4% mission · 38.6% management · 0.0% fundraisingTotal expenses: 94.63% of revenue
2016Expense mix: 65.3% mission · 34.7% management · 0.0% fundraisingTotal expenses: 96.20% of revenue

Money in and money out

Revenue$24,053,313
Expenses$21,286,914
Annual surplus $2,766,399 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$16,515,843 · 77.6% of expenses
Management and office costs$4,616,611 · 21.7% of expenses
Fundraising$154,460 · 0.7% of expenses
See all reported dollar amounts
Revenue$24,053,313
Expenses$21,286,914
Assets$156,537,408
Income$24,055,785
Contributions$1,328,265
Mission work (program services)$16,515,843
Fundraising$154,460
Management and general$4,616,611
Stocks and bonds$12,540,526
Investing fees$56,685
People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
ALVA CROMARTIECEO · 39 hrs/week $320,513Base $282,900 · Other $37,613
TERRY KEESCFO-RETIRED - 2/28/2024 · 39 hrs/week $238,848Base $224,853 · Other $13,995
CHRISTOPHER MOONEYCFO AS OF 3/1/24 · 39 hrs/week $137,499Base $118,614 · Other $18,885
PANSY REYNOLDSHEALTHCARE ADMINISTRATOR · 40 hrs/week $127,785Base $105,083 · Other $22,702
VERONICA AXTDIRECTOR OF HR · 40 hrs/week $118,662Base $105,932 · Other $12,730
JENNIFER POLLARDDIRECTOR OF HOME CARE · 40 hrs/week $116,426Base $102,016 · Other $14,410
WENDY FARRELLDIRECTOR OF MARKETING · 40 hrs/week $115,094Base $111,350 · Other $3,744
MICHAEL WHITLOCKDIRECTOR OF DINING · 40 hrs/week $111,054Base $108,879 · Other $2,175

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (20)

ALVA CROMARTIECEO

TERRY KEESCFO-RETIRED - 2/28/2024

CHRISTOPHER MOONEYCFO AS OF 3/1/24

PANSY REYNOLDSHEALTHCARE ADMINISTRATOR

VERONICA AXTDIRECTOR OF HR

JENNIFER POLLARDDIRECTOR OF HOME CARE

WENDY FARRELLDIRECTOR OF MARKETING

MICHAEL WHITLOCKDIRECTOR OF DINING

LANCE CRAIGTREASURER

MARSHA COLESBOARD MEMBER

MARY RECA TODDBOARD MEMBER

MICAH NEIBAUERPRESIDENT

MIKE PENICKBOARD MEMBER

JOHN FRIZZELLIMMEDIATE PAST PRESIDENT

REV J CARR HOLLANDBOARD MEMBER

SHERRY PRICESECRETARY

JACKLYNN LESNIAKBOARD MEMBER

FRANK QUISVICE PRESIDENT

WAYNE ROBBINSBOARD MEMBER

DR GARY KRASICKYBOARD MEMBER

About this charity

Recognized since
January 1964
Location
500 E RHODE ISLAND AVE, SOUTHERN PNES, NC 28387-4010
County
Moore
In care of
CHRISTOPHER MOONEY
Primary officer
CHRISTOPHER MOONEY, CHIEF FINANCIAL OFFICER

How to reach them

WebsiteVisit the charity’s website Phone(910) 692-0300

Filing and classification

Latest tax year
2023
Tax period began
October 1, 2023
Return type
990
Tax preparer
CLIFTONLARSONALLEN LLP
NTEE classification
Human Services (P750)
IRS tax category
Continuing Care Retirement Communities

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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