Penick Village Inc

What it reported doing in 2024

Penick village provides housing, services, and long-term care to over 230 residents. The services and care are provided in independent living, assisted living, and skilled nursing areas. Penick village also contributes to the greater southern pines community and moore county in which it is located by donating time and resources to, among others, the moore county chamber of commerce, firsthealth hospital, leadingage nc, episcopal day school, red cross, habitat for humanity, friend to friend, and the southern pines fire and police departments. The penick village community also provides financial assistance to those residents in need.(continued on schedule o)nursing is key to the continuum of care for the residents at penick village. Skilled nursing services are provided per physician orders that may include but are not limited to assistance with activities of daily living, medication administration, physical, occupational and speech therapy, specialized diets and other needs per orders. The quality nursing is key to achieving this and in maximizing the quality of life for each of the residents. The care is personalized, and a strong partnership is developed among the resident, his or her family, and the staff at penick village in order to have the resident's needs drive his or her plan of care. Penick village also offers a broad range of in-home services to those seniors that prefer to age in home. Penick tailors care plans individually, following a free in-home consultation and assessment. Potential home care services include companion/sitter/respite care (including transportation, light housekeeping, errands, pet care, daily check-ins, and medication reminders), care management to ensure proper treatment, and post hospital discharge follow ups (including medicare/long-term care insurance reviews, home organizing/downsizing, support through different levels of care, home safety assessments/modifications, and referrals to commuminity partners).individuals who move into penick for assisted living are provided a unique service that has been purposefully planned to fill their individual needs and preferences and designed to serve them to the best of our ability. Our nursing staff meets with the new resident and family prior to move in to fully understand each situation and design a personalized plan. Assisted living residents enjoy: - a spacious, private apartment- licensed care seven days a week- delicious, nutritious meals- a safe setting that promotes independence- medication assistance and/or administration available- caring and dedicated healthcare professionals- 24-hour emergency call systems- a vibrant social atmosphere- access to all community amenitiesdining services is one of penick village's essential services. Dining services strives to privide a wonderful dining experience in all levels of care for the residents and their family and friends. There are several dining opportunities on the campus, including the cafe experience, a private dining room, catering in one's apartment or cottage, individualized menus and more. Dining services is committed to preparing the same quality and choices of food items in the healthcare areas that are available to independent residents. Dining services also hosts events for other special community groups such as the kiwanis. As an employee benefit, the staff also enjoys wonderful meals at a generous discount.penick village is also very proud of its housekeeping services. Housekeeping provides general cleaning services along with linen services as requested. The housekeeping team builds great relationships with the residents they are serving and have helped significantly in times of need.

Financial Efficiency

• Mission deployment rate: 70.9%; rating input score 71
• Program expense ratio: 75.3%; rating input score 75
• Fundraising efficiency: $6.91 raised per $1 spent on fundraising; rating input score 28; 28th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 7.1%; rating input score 60; 60th percentile among comparable filings
• Total-asset coverage ratio: 7; rating input score 88; 88th percentile among comparable filings
• Liabilities to assets ratio: 0.91; rating input score 9; 9th percentile among comparable filings
• Officer compensation ratio: 6%; rating input score 43; 43rd percentile among comparable filings

Growth

• Program expense growth: 5.1% per year; rating input score 100; 42nd percentile among comparable filings
• Revenue growth: 4.3% per year; rating input score 100; 38th percentile among comparable filings
• Asset growth: 7% per year; rating input score 100; 49th percentile among comparable filings