Pines Village Inc

Nonprofit profile at a glance

EIN
920458129
IRS 990 coverage
2023–2024
Forms available
Form 990 2024
Location
Basking Ridge, NJ, USA
Phone
9085803805
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Supportive Housing for Older Adults

Official website

Reported finances

Revenue
$19,714,909
Expenses
$24,904,454
Assets
$76,412,882
Liabilities
$28,770,400

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • BRIAN G LAWRENCE (PRESIDENT & CEO)
  • BRANDEN DOUGLAS GAROZZO (EXECUTIVE DIRECTOR)

Highest reported compensation

  • BRIAN G LAWRENCE (PRESIDENT & CEO): $835,231 total reported compensation
  • MARK F MAZZELLA (CHIEF FINANCIAL OFFICER): $317,552 total reported compensation
  • BRANDEN DOUGLAS GAROZZO (EXECUTIVE DIRECTOR): $210,339 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To create innovative opportunities to enrich the lives of older adults

What it reported doing in 2024

Pines village, inc, operating out of whiting, New Jersey, is a not-for-profit faith-based provider of senior living communities, services and programs and embodies a culture of hospitality and excellence. We serve seniors of all beliefs and backgrounds who wish to enjoy independence, fellowship, compassionate care and access to a wide range of services including life plan community (continuing care retirement community/ccrc), independent living, assisted living, memory care, skilled nursing, rehabilitation, fitness, medical services, and care management. Pines village services approximately 300 residents and on its campus has 222 apartments that comprise the independent living section of the community. Pines village offers a full continuum of services from independent living to respite care. Pines has 67 assisted living rooms plus 20 rooms of a specialized memory care program, and 66 skilled nursing beds. Residents are supported by the rehabilitation and wellness center of the community.

Operating model

Revenue model
Earned-program. 94% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 65
  • Accountability: 85
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 83.5%; rating input score 83
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 22nd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -26.3%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 3.07; rating input score 75; 75th percentile among comparable filings
  • Liabilities to assets ratio: 0.38; rating input score 39; 39th percentile among comparable filings
  • Officer compensation ratio: 1.3%; rating input score 83; 83rd percentile among comparable filings

Growth

  • Program expense growth: 110.9% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 81.4% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 2.5% per year; rating input score 100; 20th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 83.5% of spending went to programs
  • Governance: 9 of 10 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $20.8M in reported program spending
  • Leadership: top reported pay $835K · 17 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $7M reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 7 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 3/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 39/100.