AI Transparency Report
Peconic Landing At Southold Inc. demonstrates a consistent operational model, with revenues generally tracking expenses over the past decade. While the organization reported a net loss in 2022 ($33,373,980 revenue vs. $34,892,874 expenses), it has shown periods of surplus, such as in 2021 ($36,575,086 revenue vs. $32,168,193 expenses). A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which suggests either a volunteer leadership structure or that compensation is reported differently, warranting further investigation for full transparency. The organization's assets have grown over time, reaching $158,351,548, but are consistently outweighed by liabilities, indicating a significant debt structure, likely related to its NTEE code as a continuing care retirement community (P750). This financial structure is common for such facilities, where resident entrance fees and ongoing service fees contribute to revenue, and significant capital investments are required.