Pinecrest Village

Nonprofit profile at a glance

EIN
363489747
IRS 990 coverage
2011–2022
Forms available
Form 990 2022
Location
Rockford, IL, USA
Phone
8159626611
Rating
60
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Reported finances

Revenue
$-628,308
Expenses
$397,589
Assets
$0
Liabilities
$-1,978,090

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • ANDREW WELP (PRESIDENT)

People named in this filing

  • ANDREW WELP (PRESIDENT)
  • GARY HENDERSON (VICE PRESIDE)
  • MIKE ANDERSON (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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

What it reported doing in 2022

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. Full kitchens allow residents to dine in if they choose or to entertain friends, while 2 freshly prepared meals are served each day in the village's gracious dining room. A full slate of activities, from travel opportunities to morning coffee get-togethers, give residents the chance to pursue interests, develop new skills and meet their neighbors.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 24
  • Transparency & Controls: 100
  • Accountability: 88
  • Sustainability: 16
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 26.1%; rating input score 26
  • Program expense ratio: 29.1%; rating input score 29
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -163.3%; rating input score 18; 18th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: 1% per year; rating input score 100; 57th percentile among comparable filings
  • Revenue growth: -4.8% per year; rating input score 0; 47th percentile among comparable filings
  • Asset growth: -0.2% per year; rating input score 0; 40th percentile among comparable filings

Details

  • Where the money goes: 26.1% of revenue deployed · 29.1% of spending went to programs
  • Governance: 13 of 13 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $116K in reported program spending
  • Leadership: top reported pay $0 · 15 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 5 filed schedules · includes related organizations
  • Filing history: 12 filing years from 2011 to 2022
  • Contacts: How to reach this organization
  • Related organizations: 4 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 26/100.
  • High — Financial Efficiency: Program expense ratio scored 29/100.
  • High — Sustainability: Operating margin scored 18/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.