Nonprofit · EIN 59-0624420
PENNEY RETIREMENT COMMUNITY INC
Tax-exempt · GREEN CV SPGS, FL 32043
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $21,634,393 | $20,880,485 | $753,908 | $67,634,653 | $47,404,790 | $20,229,863 |
| June 30, 2024 | 990 | $20,107,371 | $20,321,950 | -$214,579 | $67,127,533 | $47,649,557 | $19,477,976 |
| June 30, 2023 | 990 | $17,944,399 | $18,877,559 | -$933,160 | $68,113,416 | $48,634,033 | $19,479,383 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $976,140
- Program service revenue
- $19,889,395
- Investment income
- $768,858
- Net gain from sales of assets
- $379,516
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $4,165
- Compensation of officers, directors and key employees
- $549,379
- Other salaries and wages
- $7,613,019
- Salaries, compensation and benefits (total)
- $9,816,647
- Professional fundraising fees
- $0
- Legal fees
- $3,244
- Occupancy
- $3,108,076
- Travel
- $8,403
- Depreciation
- $3,648,002
- Program services (functional)
- $19,136,484
- Management and general (functional)
- $1,739,527
- Fundraising (functional)
- $4,474
Balance sheet and other
- Total assets, start of year
- $67,127,533
- Total assets, end of year
- $67,634,653
- Total liabilities, end of year
- $47,404,790
- Net assets, end of year
- $20,229,863
- Land, buildings and equipment
- $52,763,016
- Net assets without donor restrictions
- $19,376,329
- Net assets with donor restrictions
- $853,534
- Gross receipts
- $24,513,443
- Employees
- 313
- Volunteers
- 308
- Year formed
- 1965
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERESA D SCOTT | PRESIDENT/ CEO Officer | 40 | $226,696 | $21,072 |
| JAMIE STANDLEY | NURSING HOME ADMINISTRATOR Highest-paid employee | 40 | $109,084 | $5,988 |
| TONY VERNON | COO/CNO Officer | 40 | $108,721 | $5,436 |
| RENEE DIPATRI | CORPORATE SECRETARY Officer | 40 | $65,049 | $12,961 |
| ADAM CARTER AM 624 TO 125 | CONTROLLER (BEG. 01/2025) Officer | 40 | $42,889 | $10,181 |
| JAMES RENNIGER | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| RON COLEMAN | FIRST VICE CHAIR (THRU 02/2025) Trustee or director, Officer | 2 | $0 | $0 |
| TERESA BARTON | SECOND VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JIMMY LOVELACE | FIRST VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| RANNEL WESTBERRY | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| GERALD AGRESTI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARY BRIDGMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RICHARD COSTIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KIP DECKERHOFF | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SADIE DURHAM | DIRECTOR Trustee or director | 2 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANCES IRVINE | DIRECTOR Trustee or director | 2 | $0 |
| NANCY KEATING | DIRECTOR Trustee or director | 2 | $0 |
| GARY MEERNIK | DIRECTOR Trustee or director | 2 | $0 |
| BERT VAN ROYAL | DIRECTOR (THRU 10/2024) Trustee or director | 2 | $0 |
| STEVE VANDERKAMP | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERESA D SCOTT | PRESIDENT/ CEO Officer | 40 | $204,251 | $19,555 |
| BETH ANN ALLEN | CONTROLLER (THRU 4.2024) Officer | 40 | $127,721 | $15,728 |
| JAMIE STANDLEY | NURSING HOME ADMINISTRATOR Highest-paid employee | 40 | $102,442 | $5,122 |
| TONY VERNON | COO/CNO Officer | 40 | $101,234 | $5,062 |
| JAMES JB RENNIGER | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| RON COLEMAN | FIRST VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| TERESA BARTON | SECOND VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JIMMY LOVELACE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| EVELYN DOLLY HILLMAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| GERALD AGRESTI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RICHARD COSTIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WILLIAM COURTNEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| FRANCES IRVINE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMES KNIGHT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| W ROY LYONS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SUSAN PONDER-STANSEL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HELEN STEPHENSS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STEVE VANDERKAMP | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GARY MEERNIK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BERT VAN ROYAL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LISA VALENTINE | DIRECTOR (EXITED 1.2024) Trustee or director | 2 | $0 | $0 |
| EDWARD WHEELER | DIRECTOR (EXITED 1.2024) Trustee or director | 2 | $0 | $0 |
| CURRY PAJCIC | DIRECTOR (EXITED 2.2024) Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERESA D SCOTT | PRESIDENT/ CEO Officer | 40 | $193,655 | $16,772 |
| BETH A MCANALLY | CFO (THRU. 09/22) Officer | 40 | $89,530 | $17,559 |
| BETH A ALLEN | CONTROLLER Officer | 40 | $59,470 | $3,665 |
| BERT VAN ROYAL | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JAMES JB RENNIGER | FIRST VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| RON COLEMAN | SECOND VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JAMES KNIGHT | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| EVELYN DOLLY HILLMAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| GERALD AGRESTI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TERESA BARTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RICHARD COSTIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WILLIAM COURTNEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JIMMY LOVELACE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| W ROY LYONS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CURRY PAJCIC | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SUSAN PONDER-STANSEL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HELEN STEPHENSS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LISA VALENTINE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STEVE VANDERKAMP | DIRECTOR Trustee or director | 2 | $0 | $0 |
| EDWARD WHEELER | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3495 HOFFMAN ST, GREEN CV SPGS, FL 32043-4770
- Principal officer (990 for 2024)
- TERESA SCOTT, PO BOX 555, PENNEY FARMS, FL 320790555
- Signed the 990
- TERESA SCOTT, PRESIDENT
- Phone
- (904) 284-8200
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
PENNEY RETIREMENT COMMUNITY, INC IS AN INCLUSIVE CHRISTIAN CONTINUING CARE RETIREMENT COMMUNITY SEEKING THE ABUNDANT LIFE THROUGH SOCIAL INTERACTION AND SERVICE.
Program accomplishments
- THE ORGANIZATION PROVIDES HOUSING HEALTH CARE AND OTHER RELATED SERVICES THROUGH THE OPERATION OF A RETIREMENT COMMUNITY. THE COMMUNITY INCLUDES 313 APARTMENTS, COTTAGES AND HOMES, A 10-BED MEMORY CARE CENTER, 55 INDEPENDENT LIVING UNITS OFFERING ASSISTIVE SERVICES AND A LICENSED SKILLED NURSING CENTER WITH A CAPACITY OF 50 RESIDENTS. THE COMMUNITY ALSO INCLUDES RECREATIONAL AMENITIES, INCLUDING A NINE-HOLE GOLF COURSE, INDOOR SWIMMING POOL, FITNESS CENTER, ART STUDIO, CRAFTS FACILITIES, LIBRARIES AND DINING FACILITIES.Expenses $19,136,484 · grants $4,165 · revenue $19,889,395
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 59-0624420
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1957
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P750)
- Assets (IRS master file)
- $67,634,653
- Income (IRS master file)
- $24,513,443
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $21,634,393 | $20,880,485 | $67,634,653 | XML |
| 990 | June 2024 | $20,107,371 | $20,321,950 | $67,127,533 | XML |
| 990 | June 2023 | $17,944,399 | $18,877,559 | $68,113,416 | XML |
| 990 | June 2022 | $18,040,863 | $17,354,442 | $67,339,393 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-0624420).
Questions about PENNEY RETIREMENT COMMUNITY INC
- What is the EIN of PENNEY RETIREMENT COMMUNITY INC?
- The employer identification number (EIN) of PENNEY RETIREMENT COMMUNITY INC is 59-0624420.
- Is PENNEY RETIREMENT COMMUNITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1957.
- Are donations to PENNEY RETIREMENT COMMUNITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PENNEY RETIREMENT COMMUNITY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PENNEY RETIREMENT COMMUNITY INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PENNEY RETIREMENT COMMUNITY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PENNEY RETIREMENT COMMUNITY INC?
- The 990 for the year ended June 30, 2025 names TERESA SCOTT.
- Who are the officers and directors of PENNEY RETIREMENT COMMUNITY INC?
- The 990 for the year ended June 30, 2025 lists 20 people; 5 received compensation from the organization, the highest $226,696 (TERESA D SCOTT, PRESIDENT/ CEO).
- How much revenue does PENNEY RETIREMENT COMMUNITY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $21,634,393, expenses of $20,880,485 and total assets of $67,634,653 at year end.
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