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Penney Retirement Community Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 590624420 ✦ Penney farms, FL ✦ Designated as a 501(c)(3)

Overview

What is Penney Retirement Community Inc?

Penney Retirement Community Inc is a nonprofit organization located in Penney Farms, Florida. They offer housing, healthcare, and associated services through the operation of a retirement community. The community consists of 301 apartments, cottages, and homes, a 20-bed memory care center, 55 independent living units with assistive services, and a licensed skilled nursing center for up to 50 residents. The community also features recreational amenities, including a nine-hole golf course, indoor swimming pool, fitness center, art studio, craft facilities, libraries, and dining facilities. Their mission is to serve seniors who wish to retire in an inclusive Christian community, striving for an abundant life through social interaction and service. Penney Retirement Community Inc employs a team of 302 individuals.


Official website here: www.penneyretirementcommunity.org

Is Penney Retirement Community Inc legitimate?

Penney Retirement Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Penney Retirement Community Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $339,629
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,298,449

For more financial information, click here


Official website here: www.penneyretirementcommunity.org

What is the mission statement of Penney Retirement Community Inc?

Penney Retirement Community Inc is an inclusive Christian continuing care retirement community dedicated to enriching the lives of seniors through social interaction and service. The organization strives for an abundant life by providing housing, healthcare, and related services to its residents. This includes 301 apartments, cottages, and homes, a memory care center with 20 beds, 55 independent living units offering assistive services, and a skilled nursing center with a capacity of 50 residents. Penney Retirement Community Inc offers various recreational amenities, such as a nine-hole golf course, indoor swimming pool, fitness center, art studio, craft facilities, libraries, and dining facilities, to foster social engagement and enhance the overall well-being of its residents.


Official website here: www.penneyretirementcommunity.org

Who is the CEO of Penney Retirement Community Inc?

Teresa Scott is the President/ Ceo of Penney Retirement Community Inc. The CEO's salary of Penney Retirement Community Inc is $189,152 and their total compensation is $205,940.


Official website here: www.penneyretirementcommunity.org

What is the revenue of Penney Retirement Community Inc?

Penney Retirement Community Inc's revenue in 2022 was $18,040,863.


Official website here: www.penneyretirementcommunity.org

Who are the executives of Penney Retirement Community Inc and what are their salaries?

The average compensation at Penney Retirement Community Inc during 2022 was $21,980. There are 302 employees and 325 volunteers at Penney Retirement Community Inc.

Here are 20 key members and their salaries (Penney Retirement Community Inc's CEO's salary is $189,152 and their total compensation is $205,940):

    Teresa D Scott (President/ Ceo)
  • Compensation: $189,152
  • Related: $0
  • Other: $16,788

    • Beth A Mcanally (Cfo)
  • Compensation: $116,245
  • Related: $0
  • Other: $17,444

    • Bert Van Royal (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Jb Renniger (First Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ron Coleman (Second Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Knight (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Evelyn Dolly Hillman (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gerald Agresti (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Teresa Barton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Costin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Courtney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jimmy Lovelace (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • W Roy Lyons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Curry Pajcic (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan Ponder-Stansel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Helen Stephenss (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cherian Thomas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Valentine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Vanderkamp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Edward Wheeler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.penneyretirementcommunity.org

    Where can I find the form 990 for Penney Retirement Community Inc?

    The Penney Retirement Community Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.penneyretirementcommunity.org

    Learn more at the official website: www.penneyretirementcommunity.org

    Mission Statement of Penney Retirement Community Inc

    Penney Retirement Community Inc, a inclusive Christian continuing care retirement community, strives for the abundant life through social interaction and service. This organization, dedicated to serving seniors, offers a vibrant living environment with an array of services and amenities.

    At Penney Retirement Community Inc, one can find housing options that cater to various needs, from apartments and cottages to assisted living units and a memory care center. The community also features a skilled nursing center with capacity for fifty residents. Residents enjoy a rich and active lifestyle, taking advantage of the recreational amenities, such as a nine-hole golf course, indoor swimming pool, fitness center, art studio, craft facilities, libraries, and dining facilities.

    Penney Retirement Community Inc's mission goes beyond providing shelter and healthcare services. It aims to foster a thriving and inclusive community, where seniors can live out their golden years surrounded by fellow residents and engaging in various activities. The inclusive Christian community spirit is woven into the fabric of the organization, creating an environment that supports the emotional, social, and spiritual wellbeing of its residents.

    Impact

    This information is meant to be a general summary of Penney Retirement Community Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Penney Retirement Community Inc, through its inclusive Christian continuing care retirement community, has a significant impact on the lives of seniors who wish to retire in a supportive and enriching environment. By providing housing, healthcare, and related services, Penney Retirement Community Inc enables its residents to live a fulfilling and active lifestyle in a welcoming community. The organization's wide range of amenities, including recreational facilities and assisted living options, contribute to the physical, mental, and social well-being of its residents. Overall, Penney Retirement Community Inc plays a vital role in promoting the abundant life for seniors through social interaction and service, making a positive impact on the quality of life for older adults in Penney Farms, FL.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $531,752
  • Program Service Revenue: $16,458,906
  • Gross Receipts: $21,961,138

    • Assets and Liabilities:
  • Total Assets: $67,339,393
  • Total Liabilities: $47,793,841
  • Net Assets: $19,545,552
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RESIDENT SERVICE REVENUES

    Revenue

    $16,095,041

    OTHER RESIDENT SERVICE REVENUE

    Revenue

    $363,865

    Organization Details

    Founding Year

    1965

    Principal Officer

    Teresa Scott

    Main Address

    PO BOX 555, PENNEY FARMS, FL, 320790555

    NTEE Category

    Code: P750 - Human services

    If you are a representative of Penney Retirement Community Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.