Pine Forest Rest INC EIN 56-0587281

Pine Forest Rest INC FY2024 filing

EIN  56-0587281 Public charity (501(c)(3)) Woodland, NC
Form 990 (PDF)
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Size
$100K–1M
What they do
a nonprofit
Leadership
Dennis Babb · Director
Money in and out
$1.1M revenue, $622K expenses
Bottom line
80% program efficiency

Pine Forest Rest INC is a nonprofit based in Woodland, NC. For fiscal year 2024 it reported $1.1M in revenue, $622K in expenses, and $732K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$622K
Pt IX · Ln 25
Net assets
$732K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $512K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.20
Program efficiency
80%
of spending reaches programs
Operating runway
12.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+45%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.1M
FY2024▲ +99%
Expenses
$622K
FY2024▼ -7%
Total assets
$758K
FY2024▲ +210%
Total liabilities
$26K
FY2024▲ +6%
Total revenue
$1.1M
Pt VIII · Ln 12
Total expenses
$622K
Pt IX · Ln 25
Net assets
$732K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$512K
Total assetsPt X · Ln 16$758K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $496K of program spending, described in the organization's own filed words · FY2023.
01

Pine forest rest inc is a home for the aged. It provides supervisory care and meals for 23 people. Operation of the home depend on the fees collected from the residents.

$496Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPine Forest Rest INC
EINHdr · item D56-0587281
Principal addressHdr · item CWoodland, NC
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFDec 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$639K · 56%
Contributions & grants$487K · 43%
Investment income$6K · 1%
Program service revenue56%$639K
Contributions & grants43%$487K
Investment income1%$6K
Other revenue$2K
— government grantsLn 1e$350K
Total revenueLn 12$1.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20
Program services80%$496K
Management & general20%$126K
Total functional expensesLn 25$622K

Balance Sheet

Part X · end of year
CashLn 1$621K
Total assetsLn 16$758K
Total liabilitiesLn 26$26K
Total net assetsLn 32$732K
Months of cash on handcomputed12.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $621K · Operating expenses/yr $622K
12.0 months
Where the money goes
Program services
Program services $496K · Total expenses $622K
80%
Management & General
Management & general $126K · Total expenses $622K
20%
Fundraising
Fundraising $0 · Total expenses $622K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $115K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $487K · Total revenue $1.1M
43%
Government reliance
Government grants $350K · Total revenue $1.1M
31%
Earned-income share
Program service revenue $639K · Total revenue $1.1M
56%
Investment reliance
Investment income $6K · Total revenue $1.1M
+1%
Program self-sufficiency
Program service revenue $639K · Total expenses $622K
103%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year $569K
+99%
Net-asset trend (YoY)
End of year $732K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $622K
+45%
Liabilities-to-Assets
Total liabilities — · Total assets $758K
Net-asset ratio
Net assets $732K · Total assets $758K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $758K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dennis Babb · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $622K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $435K · Total expenses $622K
70%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 20%
Fundraising cost ratio 0%
Revenue growth 99%
Accounting fee ratio 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$38K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$719K revenue · ⤓ 990 PDF
FY2024$1.1M revenue · viewing · ⤓ 990 PDF
FY2023$569K revenue · ⤓ 990 PDF
FY2022not on file
FY2021$663K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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