Civic Intelligence

Presbyterian Village Inc

EIN 71-0387368 • 501(c)3 • Little Rock, AR

Profile

Our mission is to provide comprehensive continuing care for older adults that promotes health, security, spiritual well being and happiness in a living environment that fosters personal dignity and independence with the help of qualified, caring staff.

510 North Brookside DriveLittle Rock, AR 72205

www.presbyvillage.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.71x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.37x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

27th percentile

-3.4%

Higher net margin than 27% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

31st percentile

$133,605

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

10th percentile

-11%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

56th percentile

10%

Faster revenue growth than 56% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$5,836,569

Down $706,801 (-11%) from 2023

Liabilities

Down

$4,136,294

Down $273,849 (-6.2%) from 2023

Net Assets

Down

$1,700,275

Down $432,952 (-20%) from 2023

Revenue

Up

$11,105,012

Up $1,010,990 (+10%) from 2023

Expenses

Up

$11,484,635

Up $431,371 (+3.9%) from 2023

Net Income

Up

-$379,623

Up $579,619 (+60%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $4,393,520Liabilities 2010: $2,372,769Net Assets 2010: $2,020,7512010Assets 2011: $4,943,317Liabilities 2011: $2,661,560Net Assets 2011: $2,281,7572011Assets 2012: $4,169,946Liabilities 2012: $2,585,771Net Assets 2012: $1,584,1752012Assets 2013: $4,757,733Liabilities 2013: $3,112,759Net Assets 2013: $1,644,9742013Assets 2014: $5,091,930Liabilities 2014: $3,366,751Net Assets 2014: $1,725,1792014Assets 2015: $5,099,658Liabilities 2015: $3,424,671Net Assets 2015: $1,674,9872015Assets 2016: $5,253,332Liabilities 2016: $3,341,595Net Assets 2016: $1,911,7372016Assets 2017: $5,677,393Liabilities 2017: $3,652,947Net Assets 2017: $2,024,4462017Assets 2018: $5,964,255Liabilities 2018: $3,726,042Net Assets 2018: $2,238,2132018Assets 2019: $7,071,523Liabilities 2019: $4,561,473Net Assets 2019: $2,510,0502019Assets 2020: $7,399,509Liabilities 2020: $5,310,793Net Assets 2020: $2,088,7162020Assets 2021: $7,163,719Liabilities 2021: $4,310,702Net Assets 2021: $2,853,0172021Assets 2022: $6,861,059Liabilities 2022: $3,802,648Net Assets 2022: $3,058,4112022Assets 2023: $6,543,370Liabilities 2023: $4,410,143Net Assets 2023: $2,133,2272023Assets 2024: $5,836,569Liabilities 2024: $4,136,294Net Assets 2024: $1,700,2752024

Highlighted filing

2024

Assets$5,836,569
Liabilities$4,136,294
Net Assets$1,700,275

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $6,359,9892010Expenses 2011: $7,349,2492011Expenses 2012: $8,666,4562012Revenue 2013: $8,024,196Expenses 2013: $8,028,228Net Income 2013: -$4,0322013Revenue 2014: $8,404,580Expenses 2014: $8,352,594Net Income 2014: $51,9862014Revenue 2015: $8,185,649Expenses 2015: $8,230,008Net Income 2015: -$44,3592015Revenue 2016: $8,521,214Expenses 2016: $8,292,294Net Income 2016: $228,9202016Revenue 2017: $8,329,963Expenses 2017: $8,070,793Net Income 2017: $259,1702017Revenue 2018: $8,535,230Expenses 2018: $8,273,628Net Income 2018: $261,6022018Revenue 2019: $8,104,887Expenses 2019: $8,001,084Net Income 2019: $103,8032019Revenue 2020: $7,882,665Expenses 2020: $8,369,165Net Income 2020: -$486,5002020Revenue 2021: $8,947,997Expenses 2021: $8,172,019Net Income 2021: $775,9782021Revenue 2022: $9,431,834Expenses 2022: $9,104,216Net Income 2022: $327,6182022Revenue 2023: $10,094,022Expenses 2023: $11,053,264Net Income 2023: -$959,2422023Revenue 2024: $11,105,012Expenses 2024: $11,484,635Net Income 2024: -$379,6232024

Highlighted filing

2024

Revenue$11,105,012
Expenses$11,484,635
Net Income-$379,623

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.84$4.14$1.70$11.1$11.5$0.38
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.54$4.41$2.13$10.1$11.1$0.96
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.86$3.80$3.06$9.43$9.10$0.33
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.16$4.31$2.85$8.95$8.17$0.78
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.40$5.31$2.09$7.88$8.37$0.49
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.07$4.56$2.51$8.10$8.00$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.96$3.73$2.24$8.54$8.27$0.26
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.68$3.65$2.02$8.33$8.07$0.26
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.25$3.34$1.91$8.52$8.29$0.23
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.10$3.42$1.67$8.19$8.23$0.04
2014Detailed filing. Detailed filing data is available for this year.$5.09$3.37$1.73$8.40$8.35$0.05
2013Detailed filing. Detailed filing data is available for this year.$4.76$3.11$1.64$8.02$8.03$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.17$2.59$1.58$8.67
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.94$2.66$2.28$7.35
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.39$2.37$2.02$6.36
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$8,947,997
Mission and Program Overview

Mission

Our mission is to provide comprehensive continuing care for older adults that promotes health, security, spiritual well-being and happiness in a living environment that fosters personal dignity and independence with the help of qualified, caring staff. Our vision is to be a leader in providing affordable, superior, quality care in housing, healthcare and services for the older adult population while offering a vibrant living environment where people thrive in all stages of life.

The mission of presbyterian village, inc. Is to provide comprehensive continuing care for older adults, promoting health, security, spiritual well-being and happiness in a living environment that fosters personal dignity and independence with the help of qualified, caring staff. In 2021, significant activities in our community included a one million dollar electrical project to upgrade the electrical service and distribution in the independent living center; remodel of 3 cottages and 13 units of the independent living center; upgraded the fire alarm system in the health care center; purchased new cooling chassis and boiler system for the health care center; installed a concrete pad, gazebo, fencing, purchased patio furniture for the courtyard of the independent living center, and purchased a new hvac unit for the independent living center kitchen.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,898,430$5,616,176▲ $717,746
Investments in Publicly Traded Securities$752,326$710,180▼ $42,146
Accounts Receivable$304,997$423,983▲ $118,986
Prepaid Expenses and Deferred Charges$202,590$221,309▲ $18,719
Inventories for Sale or Use$43,770$66,123▲ $22,353
Savings and Temporary Cash Investments$231,643$55,417▼ $176,226
Intangible Assets$55,025$52,276▼ $2,749
Cash and Non-Interest-Bearing Accounts$4,040$2,548▼ $1,492
Total Assets$7,399,509$7,163,719▼ $235,790
Other Assets Total$906,688$15,707▼ $890,981
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,603,024$3,779,354▼ $823,670
Accounts Payable and Accrued Expenses$698,139$521,718▼ $176,421
Deferred Revenue$9,630$9,630→ $0
Total Liabilities$5,310,793$4,310,702▼ $1,000,091
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,088,716$2,853,017▲ $764,301
Total Net Assets Fund Balance$2,088,716$2,853,017▲ $764,301
Total Liabilities and Net Assets / Fund Balance$7,399,509$7,163,719▼ $235,790

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,677,413$4,957,604$8,635,017
Equipment$1,145,151$3,496,636$4,641,787
Land$793,612-$793,612

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$815,988$481,890▲ $36,511-$1,238,069
2020$738,535$177,673▲ $41,461-$815,988
2019$1,025,671$185,242▲ $90,699-$738,535
2018$1,722,982$147,383▼ $15,783-$1,025,671
2017$1,109,214$958,697▲ $233,186-$1,722,982
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chris MarshExecutive DiFT$126,607$6,736$133,343

Board Members and Trustees

NameTitle
Tom RoyPresident
Allen PettitDirector
Dr Denise ComptonDirector
Dr Gohar AzharDirector
Fred HarrisonDirector
Jim HydenDirector
Michael WilsonDirector
Rabbi Eugene LevyDirector
Stuart MclendonDirector
Cathy MurphySecretary
Mike CraigTreasurer
Tim HeipleVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,968,797
Program Service Revenue
$6,890,354
Investment Income
$88,846
Other Revenue
$0
Change in Net Assets
$775,978

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,947,997
Total Revenue per Audited Statements
$8,947,997
Total Revenue per Form 990
$8,947,997
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,690,210
Other Expenses$3,481,809
Total Fundraising Expense$20,663
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,545,168$389,657$17,707$3,952,532
Insurance$435,615--$435,615
Depreciation Depletion$413,497--$413,497
Fees for Services Other$282,595$115,117-$397,712
Occupancy$272,048$62,738-$334,786
All Other Expenses$258,301$50,913-$309,214
Payroll Taxes$260,730$39,675$1,520$301,925
Other Employee Benefits$241,468$36,903$1,436$279,807
Interest$154,108--$154,108
Other Expenses$49,539$94,982-$144,521
Current Officers, Directors, Trustees, and Key Employees-$133,343-$133,343
Advertising-$47,623-$47,623
Pension Plan Contributions$20,057$2,546-$22,603
Travel$11,995--$11,995
Total Functional Expenses$7,177,859$973,497$20,663$8,172,019

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,172,019
Total Expenses per Audited Statements$8,172,019
Total Expenses per Form 990$8,172,019
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

The commissioners of the sponsoring arkansas presbyterian churches elect the board of directors.

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed annually prior to filing by the executive director and the operating committee.

Form 990, Page 6, Part VI, Line 12C

To ensure presbyterian village, inc. Operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews are conducted. The periodic reviews, at a minimum, include the following subjects: a. Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. B. Whether partnerships, joint ventures, and arrangements with management organizations conform to presbyterian village's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, futher charitable purposes and do not result in inurement, impermissable private benefit or in an excess benefit transaction.

Form 990, Page 6, Part VI, Line 15A

The commissioners of the presbyterian churches elect the board of directors and other officers, who are not compensated. Presbyterian village has an executive search committee that hires the executive director and other key employees. This committee uses industry comparisons, comparisons of salary with employees already employed now or in the past, and considers the experience levels to other applicants in determining the salary to offer the potential employee.

Form 990, Page 6, Part VI, Line 15B

The commissioners of the presbyterian churches elect the board of directors and other officers, who are not compensated. Presbyterian village has an executive search committee that hires the executive director and other key employees. This committee uses industry comparisons, comparisons of salary with employees already employed now or in the past, and considers the experience levels to other applicants in determining the salary to offer the potential employee.

Form 990, Page 6, Part VI, Line 19

The financial statements, annual form 990, governing documents, and other documents meeting the criteria for disclosure are made available to the public or other interested parties upon request.

Filing and Contact Details

Filer

Filer Name
Presbyterian Village Inc
EIN
71-0387368
Phone
5012251615
Address
510 NORTH BROOKSIDE DRIVE, LITTLE ROCK, AR 72205

Signing Officer

Name
Chris Marsh
Title
Executive Director
Phone
5012251615
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Marsh
Formed
1964
Legal Domicile
Ar
Voting Board Members
12
Independent Board Members
12
Employees
176
Volunteers
20

Preparer

Firm
Rasco Winter Thomas Group
Address
400 W CAPITOL AVE STE 1624, LITTLE ROCK, AR 72201-4805
Preparer
Michael C Schaufele CPA
Phone
5013758500
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Our mission is to provide comprehensive continuing care for older adults that promotes health, security, spiritual well-being and happiness in a living environment that fosters personal dignity and independence with the help of qualified, caring staff. Our vision is to be a leader in providing affordable, superior, quality care in housing, healthcare and services for the older adult population while offering a vibrant living environment where people thrive in all stages of life.

Financial Statement Notes

Schedule D, Page 3, Part X

Income taxes: the organization is exempt from federal and state income tax as an organization described in section 501(c)(3) of the internal revenue code. No part of the income or assets of the organization shall be distributed to, or inure to the benefit of, any individual. The organization accounts for uncertain tax positions in accordance with the provisions of financial accounting standards board (fasb) codification, (asc) 740, accounting for uncertainty in income taxes. Asc 740 requires the organization to recognize in their consolidated financial statements the impact of a tax position taken or expected to be taken in a tax return, if that position is more likely than not to not be sustained under audit, based on the technical merits of the position. Management has assessed the tax positions of the organization and determined that no positions exist that require adjustment or disclosure. Presbyterian village, inc. And presbyterian village foundation, inc. File federal form 990, "return of organization exempt from income tax." generally, the returns are subject to examinations by federal tax authorities for three years from the date the returns are filed. The organization did not incur any interest or penalties related to uncertain tax positions during the current year. Interest and penalties recognized would be included in the corresponding expense accounts.

Raw XML AppendixShowing 400 of 567 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AccountsReceivableGrp/EOYAmt0423983
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IRS990/ActivityOrMissionDesc0THE MISSION OF PRESBYTERIAN VILLAGE, INC. IS TO PROVIDE COMPREHENSIVE CONTINUING CARE FOR OLDER ADULTS, PROMOTING HEALTH, SECURITY, SPIRITUAL WELL-BEING AND HAPPINESS IN A LIVING ENVIRONMENT THAT FOSTERS PERSONAL DIGNITY AND INDEPENDENCE WITH THE HELP OF QUALIFIED, CARING STAFF. IN 2021, SIGNIFICANT ACTIVITIES IN OUR COMMUNITY INCLUDED A ONE MILLION DOLLAR ELECTRICAL PROJECT TO UPGRADE THE ELECTRICAL SERVICE AND DISTRIBUTION IN THE INDEPENDENT LIVING CENTER; REMODEL OF 3 COTTAGES AND 13 UNITS OF THE INDEPENDENT LIVING CENTER; UPGRADED THE FIRE ALARM SYSTEM IN THE HEALTH CARE CENTER; PURCHASED NEW COOLING CHASSIS AND BOILER SYSTEM FOR THE HEALTH CARE CENTER; INSTALLED A CONCRETE PAD, GAZEBO, FENCING, PURCHASED PATIO FURNITURE FOR THE COURTYARD OF THE INDEPENDENT LIVING CENTER, AND PURCHASED A NEW HVAC UNIT FOR THE INDEPENDENT LIVING CENTER KITCHEN.
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IRS990/Desc0THE HEALTH CARE CENTER IS A 78-BED SKILLED NURSING FACILITY LICENSED BY THE STATE OF ARKANSAS. THE HEALTH CARE CENTER PROVIDES 24-HOUR, LONG-TERM CARE FOR OUR RESIDENTS. IT IS ALSO LICENSED TO ACCEPT SHORT-TERM RESIDENTS SEEKING QUALIFIED REHABILITATION SERVICES THROUGH MEDICARE. OUR REHABILITATION PROGRAM IS DESIGNED TO MEET THE INDIVIDUAL NEEDS OF EACH RESIDENT THROUGH ALL DISCIPLINES OF THERAPY PROVIDED, AND IT PREPARES THE RESIDENTS TO RESUME THEIR LIFESTYLE AND ACTIVITIES ONCE THERAPY IS COMPLETE. RESIDENT-APPROPRIATE ACTIVITIES ARE PROVIDED DAILY TO BOTH LONG-TERM CARE AND REHABILITATION RESIDENTS, SUCH AS RELIGIOUS AND WELLNESS ACTIVITIES, AND FAMILY MEMBERS ARE INCLUDED AS PART OF A RESIDENT'S CARE TEAM.
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IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE PRESIDE
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IRS990/MissionDesc0OUR MISSION IS TO PROVIDE COMPREHENSIVE CONTINUING CARE FOR OLDER ADULTS THAT PROMOTES HEALTH, SECURITY, SPIRITUAL WELL-BEING AND HAPPINESS IN A LIVING ENVIRONMENT THAT FOSTERS PERSONAL DIGNITY AND INDEPENDENCE WITH THE HELP OF QUALIFIED, CARING STAFF. OUR VISION IS TO BE A LEADER IN PROVIDING AFFORDABLE, SUPERIOR, QUALITY CARE IN HOUSING, HEALTHCARE AND SERVICES FOR THE OLDER ADULT POPULATION WHILE OFFERING A VIBRANT LIVING ENVIRONMENT WHERE PEOPLE THRIVE IN ALL STAGES OF LIFE.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE VILLAGE OFFERS LICENSED RESIDENTIAL CARE SERVICES, WHICH PROVIDE GENTLE VERBAL REMINDERS ABOUT DAILY ACTIVITIES TO HELP RESIDENTS MAINTAIN THE LIFESTYLE TO WHICH THEY ARE ACCUSTOMED. THIS INCLUDES 24-HOUR STAFFING, ASSISTANCE WITH MEDICATIONS, BATHING, DRESSING, AND RESIDENT ACTIVITIES. THESE RESIDENTS ENJOY ACCESS TO NUMEROUS COURTYARDS AND GREEN SPACES, REGULAR RELIGIOUS ACTIVITIES AND SERVICES, TRANSPORTATION OPTIONS, AND FAMILY MEMBERS ARE INCLUDED AS PART OF A RESIDENT'S CARE TEAM.
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE VILLAGE OFFERS INDEPENDENT LIVING COTTAGES AND APARTMENTS TO SENIORS AGE 55 AND OLDER. THESE OFFERINGS INCLUDE ONE AND TWO BEDROOM APARTMENTS, AS WELL AS RESIDENTIAL STYLE ROOMS. THESE RESIDENTS ENJOY ACCESS TO NUMEROUS COURTYARDS AND GREEN SPACES, REGULAR RELIGIOUS ACTIVITIES AND SOCIALIZATION.
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