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Perry Farm Development Co

Tax-deductible

Harbor Spgs, MI501(c)(3)Housing EIN 35-2183523Revenue $3.1M in FY2024

On file with the IRSpvm.org4241 Village Cir, 49740-9040 · Harbor Spgs, MITax-exempt since Aug 2004Publicly supported charity — 170(b)(1)(A)(vi)

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To serve seniors of all faiths & to create new possibilities for quality senior living.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
Run by 17 volunteers and 51 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $74K a year · 4% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$69K
to officers and key staff · 2% of spending
Top officer’s pay lower than 88% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $53K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$882K
75% of total assets
Worth a look: liabilities are 75% of assets; over 65%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.1M
+18% vs prior year
Spent
$3.1M
To programs
68%
Net assets
$297K
By yearFY2020–FY2024
Revenue
$3.1M
FY2024▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$1.4M
FY2023$2.6M
FY2024$3.1M
Expenses
$3.1M
FY2024▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$1.7M
FY2023$2.6M
FY2024$3.1M
Net assets
$297K
FY2024▼ -17%
Tap a bar for its year
Net assets by fiscal year
FY2020$670K
FY2021$709K
FY2022$409K
FY2023$359K
FY2024$297K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $2.1M Management & general 32% · $1.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $69K paid to officers and key staff.

Part VII, Section A · reportable compensation
Barbara Bear
Executive Director
$69,378Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Emil Muccino
Director
$0Pt VII · Sec A
Edy Stoughton
Secretary
$0Pt VII · Sec A

Barbara Bear’s $69K as Executive Director is at the 12th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Barbara Bear$69,378————
Barbara Woodward-Boonstra—$68,241$54,749——
Mary Catherine Hannah———$24,953$25,415

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides quality senior living options and services for older adults of all faiths.

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Provided by the organization

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1 program · $2.1M · in their own filed words · FY2024
01

Perry farm village includes 11 freestanding cottage homes, 34 CONDO/APTS, and the perry center that consists of 6 studio units, a wellness center and a community center. It provides dining, engagement programs, WELLNESS/FITNESS services, to the residents on the campus plus to older adults within the area.

$2.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Presbyterian Villages of Michigan FoundationFY2024$53K
Total grants receivedfrom 1 funder$53K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.1M
Ln 12
Fees for servicesLn 2g$2.9M
Other incomeLn 4–11$151K
Gifts and grantsLn 1h$4K
Money outPt IX
$3.1M
Ln 25
Programscol B$2.1M
Managementcol C$1.0M
Owns and owesPt X
$297K
net assets · Ln 32
Cash and savingsLn 1–2$237K
Total assetsLn 16$1.2M
LiabilitiesLn 26$882K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Fees for servicesLn 2g$2.9M
Investment incomeLn 3$2K
Other incomeLn 4–11$151K
Gains on assetsLn 7$2K
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
CashLn 1$172K
SavingsLn 2$65K
Cash and savings togetherLn 1–2$237K
Land, buildings, equipmentLn 10c$770K
Other assetsLn 15$19K
Total assetsLn 16$1.2M
LiabilitiesLn 26$882K
Net assetsLn 32$297K
OperationsPt I, VI
EmployeesI 551
VolunteersI 617
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$178K$237K
Land, buildings, equipmentLn 10c$830K$770K
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$801K$882K
Net assetsLn 32$359K$297K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$71K$67K$4K
Other salaries and wagesLn 7$1.1M$1.0M$60K
Pension plan contributionsLn 8$7K$7K$387
Other employee benefitsLn 9$64K$61K$4K
Payroll taxesLn 10$82K$77K$4K
Management feesLn 11a$151K$151K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$271K$271K
Advertising and promotionLn 12$56K$56K
Office expensesLn 13$72K$51K$21K
OccupancyLn 16$226K$216K$10K
TravelLn 17$5K$5K
InterestLn 20$41K$41K
Depreciation, depletion and amortizationLn 22$98K$98K
InsuranceLn 23$24K$24K
Other expenses (24a–d)Ln 24$852K$213K$639K
Total functional expensesLn 25$3.1M$2.1M$1.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.1M$3.1M−$61K$297K 990 PDF
FY2023 $2.6M$2.6M−$50K$359K 990 PDF
FY2022 $1.4M$1.7M−$300K$409K 990 PDF
FY2021 $1.4M$1.4M$39K$709K 990 PDF
FY2020 $1.4M$1.4M$5K$670K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $3,055,240 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $52,033$3,639
I-9 Program service revenuePrior year $2,291,865$2,898,527
I-10 Investment incomePrior year $93,928$2,290
I-11 Other revenuePrior year $148,354$150,784
I-12 Total revenuePrior year $2,586,180$3,055,240
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,104,003$1,308,212
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,532,503$1,808,497
I-18 Total expensesPrior year $2,636,506$3,116,709
I-19 Revenue less expensesPrior year −$50,326−$61,469
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,055,240 across 7 lines filed
Lines not itemized here account for $123,449 of total revenue; see the IRS return.
VIII-1d Related organizations$3,639
VIII-1h Total contributions, gifts and grants$3,639
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,776,648$2,776,648
VIII-3 Investment incomeExcluded from tax $40$40
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,250$2,250
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $149,214$149,214
VIII-12 Total revenueRelated to mission $3,049,311 · Unrelated business $0 · Excluded from tax $2,290$3,055,240
Part IX · Statement of functional expenses $3,116,709 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $67,208 · Management $3,905$71,113
IX-7 Other salaries and wagesPrograms $1,024,644 · Management $59,531$1,084,175
IX-8 Pension plan contributionsPrograms $6,662 · Management $387$7,049
IX-9 Other employee benefitsPrograms $60,617 · Management $3,522$64,139
IX-10 Payroll taxesPrograms $77,248 · Management $4,488$81,736
IX-11a Management feesManagement $150,780$150,780
IX-11b Legal feesManagement $6,609$6,609
IX-11c Accounting feesManagement $6,000$6,000
IX-11g Other fees for servicesPrograms $270,812$270,812
IX-12 Advertising and promotionManagement $56,030$56,030
IX-13 Office expensesPrograms $51,168 · Management $20,961$72,129
IX-16 OccupancyPrograms $216,053 · Management $9,561$225,614
IX-17 TravelManagement $5,389$5,389
IX-20 InterestManagement $41,236$41,236
IX-22 Depreciation, depletion and amortizationPrograms $97,548$97,548
IX-23 InsurancePrograms $24,480$24,480
IX-24 Other expenses (24a–d)Programs $213,132 · Management $638,738$851,870
IX-25 Total functional expensesPrograms $2,109,572 · Management $1,007,137 · Fundraising $0$3,116,709
Part X · Balance sheet $1,179,725 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $100,799$172,489
X-2 Savings and temporary cash investmentsStart of year $77,427$64,834
X-4 Accounts receivableStart of year $134,672$153,308
X-10c Land, buildings and equipment, netStart of year $829,890$770,003
X-15 Other assetsStart of year $17,340$19,091
X-16 Total assetsStart of year $1,160,128$1,179,725
X-17 Accounts payable and accrued expensesStart of year $87,393$196,119
X-25 Other liabilitiesStart of year $7,220$13,750
X-26 Total liabilitiesStart of year $801,410$882,476
X-27 Net assets without donor restrictionsStart of year $358,718$297,249
X-32 Total net assets or fund balancesStart of year $358,718$297,249
X-33 Total liabilities and net assetsStart of year $1,160,128$1,179,725
Part XI · Reconciliation of net assets $297,249 net assets at year end
XI-1 Total revenue$3,055,240
XI-2 Total expenses$3,116,709
XI-3 Revenue less expenses−$61,469
XI-4 Net assets at start of year$358,718
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$297,249

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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