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Pinecrest Village FY2021 filing

Mount Morris, ILUnknown exempt organization EIN 36-3489747Revenue $1.1M in FY2021Latest filing we have: 2022. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSpinecrestcommunity.orgMount Morris, IL

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Pinecrest Village is a continuing care retirement community providing quality residential and health services. Pinecrest Village seeks to promote an active retirement and healthy lifestyle with respect, dignity and security for the whole person.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-3489747) · Dispute this line
67¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average deficit $101K a year · 15% of revenue · last 4 filings
A surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
67%
of spending
67% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
<0.1 mo
of spending, in cash
<0.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$837K
22% of total assets
Liabilities are 22% of assets.
Pt X · Ln 26
Independent board members
13
of 13 voting members
13 of 13 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$1.1M
-13% vs prior year
Spent
$940K
To programs
67%
Net assets
$2.9M
By yearFY2020–FY2023
Revenue
$1.1M
FY2021▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.1M
FY2022$1.1M
FY2023−$628K
Expenses
$940K
FY2021▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$827K
FY2021$940K
FY2022$986K
FY2023$398K
Net assets
$2.9M
FY2021▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.8M
FY2021$2.9M
FY2022$3.0M
FY2023$2.0M

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2022.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $625K Management & general 33% · $314K

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

20 people listed on the 990.

Part VII, Section A · reportable compensation
Ferol Labash
Chief Executive Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
Andrew Welp
President
$0Pt VII · Sec A
Gary Henderson
Vice President
$0Pt VII · Sec A
Mike Anderson
Treasurer
$0Pt VII · Sec A
Dianne Swingel
Secretary Until 11/30/20
$0Pt VII · Sec A
Patricia Ball
Secretary as of 12/1/20
$0Pt VII · Sec A
Roger Anna
Director Until 11/30/20
$0Pt VII · Sec A
See Pinecrest Village executive salaries →

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 15aNo

Programs and updates

Provides housing and health services for active, respectful, and secure retirement living.

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1 program · $625K · in their own filed words · FY2020
01

Pinecrest Village is a continuing care retirement community consisting of 48 congregate care units and 9 apartments. It provides spacious and maintenance free apartments and cottages to people who are 62 years of age or older able to live independently.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-3489747) · Dispute this line
$625Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $23K · 2019–2020
Unitemized GrantFY2020$12,470
Unitemized GrantFY2019$10,940

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$1.1M
Other incomeLn 4–11$5K
Money outPt IX
$940K
Ln 25
Programscol B$625K
Managementcol C$314K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$100
Total assetsLn 16$3.8M
LiabilitiesLn 26$837K
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.1M
Other incomeLn 4–11$5K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$100
Cash and savings togetherLn 1–2$100
Accounts receivableLn 4$9K
Land, buildings, equipmentLn 10c$1.2M
Other assetsLn 15$2.6M
Total assetsLn 16$3.8M
LiabilitiesLn 26$837K
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 614
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$100$100
Land, buildings, equipmentLn 10c$1.3M$1.2M
Total assetsLn 16$4.3M$3.8M
LiabilitiesLn 26$1.5M$837K
Net assetsLn 32$2.8M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$12K$12K
Accounting feesLn 11c$53K$53K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$11K$11K
OccupancyLn 16$97K$58K$39K
TravelLn 17$5K$5K
InterestLn 20$560$560
Depreciation, depletion and amortizationLn 22$167K$167K
InsuranceLn 23$46K$46K
Other expenses (24a–d)Ln 24$542K$335K$207K
Total functional expensesLn 25$940K$625K$314K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS Feb 6, 2024 −$628K$398K−$1.0M$2.0M 990 PDF
FY2022Filed with the IRS May 15, 2023 $1.1M$986K$66K$3.0M 990 PDF
FY2021 ViewingFiled with the IRS Mar 29, 2022 $1.1M$940K$143K$2.9M 990 PDF
FY2020Filed with the IRS May 11, 2021 $1.2M$827K$413K$2.8M 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $1,082,213 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,239,546$1,076,761
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$5,452
I-12 Total revenuePrior year $1,239,546$1,082,213
I-13 Grants and similar amounts paidPrior year $10,940$12,470
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $815,655$927,137
I-18 Total expensesPrior year $826,595$939,607
I-19 Revenue less expensesPrior year $412,951$142,606
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,082,213 across 3 lines filed
Lines not itemized here account for $185 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,076,761$1,076,761
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $5,267$5,267
VIII-12 Total revenueRelated to mission $1,076,761 · Unrelated business $0 · Excluded from tax $5,452$1,082,213
Part IX · Statement of functional expenses $939,607 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $12,470$12,470
IX-11c Accounting feesManagement $52,889$52,889
IX-12 Advertising and promotionManagement $4,264$4,264
IX-13 Office expensesManagement $11,282$11,282
IX-16 OccupancyPrograms $58,202 · Management $38,802$97,004
IX-17 TravelPrograms $5,212$5,212
IX-20 InterestPrograms $560$560
IX-22 Depreciation, depletion and amortizationPrograms $167,367$167,367
IX-23 InsurancePrograms $46,220$46,220
IX-24 Other expenses (24a–d)Programs $335,411 · Management $206,928$542,339
IX-25 Total functional expensesPrograms $625,442 · Management $314,165 · Fundraising $0$939,607
Part X · Balance sheet $3,774,871 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $100$100
X-4 Accounts receivableStart of year $0$9,489
X-9 Prepaid expenses and deferred chargesStart of year $1,234$0
X-10c Land, buildings and equipment, netStart of year $1,256,891$1,155,828
X-15 Other assetsStart of year $3,004,255$2,609,454
X-16 Total assetsStart of year $4,262,480$3,774,871
X-17 Accounts payable and accrued expensesStart of year $75,935$74,946
X-19 Deferred revenueStart of year $1,320,304$739,085
X-24 Unsecured notes and loans payableStart of year $14,000$14,000
X-25 Other liabilitiesStart of year $56,648$8,641
X-26 Total liabilitiesStart of year $1,466,887$836,672
X-27 Net assets without donor restrictionsStart of year $2,795,593$2,938,199
X-32 Total net assets or fund balancesStart of year $2,795,593$2,938,199
X-33 Total liabilities and net assetsStart of year $4,262,480$3,774,871
Part XI · Reconciliation of net assets $2,938,199 net assets at year end
XI-1 Total revenue$1,082,213
XI-2 Total expenses$939,607
XI-3 Revenue less expenses$142,606
XI-4 Net assets at start of year$2,795,593
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,938,199

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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