Pines Village Retirement Communities Inc

Analysis

Pines Village Retirement Communities Inc is a registered charity in United States, based in Valparaiso, IN. It received its IRS tax-exemption ruling in June 1985, 41 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pines Village Retirement Communities Inc reported income of $6.7m and spending of $8.6m, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.0m to $6.7m (-5.1%), an average of -1.3% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pines Village Retirement Communities Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Volunteers of Victoria Inc ($6.7m), Youngstown Neighborhood Development Corporation ($6.7m) and Downstreet Housing & Community Development Inc ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $306k (3.5% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $26.7m against liabilities of $20.5m, net assets of $6.2m. It reported 140 employees.