Peconic Landing At Southold Inc
Peconic Landing At Southold Inc. operates with consistent revenue and expenses, maintaining significant liabilities typical for a continuing care retirement community.
EIN: 113277669 · Greenport, NY · NTEE: P750 · Updated: 2026-03-28
About Peconic Landing At Southold Inc
Peconic Landing At Southold Inc (EIN: 113277669) is a nonprofit organization based in Greenport, NY, classified under NTEE code P750. The organization reported total revenue of $44.1M and total assets of $158.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peconic Landing At Southold Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Peconic Landing At Southold Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Peconic Landing At Southold Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size and revenue, suggesting either a fully volunteer executive team or that compensation is categorized under other expenses.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Peconic Landing At Southold Inc's IRS 990 filings:
- Consistent liabilities exceeding assets, indicating a significant debt burden, though common for its NTEE type.
- 0% officer compensation reported across all filings, which may warrant further inquiry into how executive leadership is compensated or structured.
Strengths
The following positive indicators were identified for Peconic Landing At Southold Inc:
- Consistent revenue generation and growth over the past decade, from $20.3M in 2014 to $33.3M in 2022.
- Stable asset base, indicating long-term investment in facilities and operations.
- NTEE code P750 (Continuing Care Retirement Communities) suggests a direct service provision model, aligning expenses with program delivery.
Frequently Asked Questions about Peconic Landing At Southold Inc
Is Peconic Landing At Southold Inc. a good charity?
As a continuing care retirement community (NTEE P750), Peconic Landing At Southold Inc. provides essential services to its residents. Its financial stability, while showing consistent liabilities, is typical for its operational model. The 0% officer compensation reported is a positive indicator for mission focus, assuming it reflects actual practice or that compensation is appropriately disclosed elsewhere.
How does Peconic Landing At Southold Inc. manage its significant liabilities?
The organization's liabilities consistently exceed its assets, which is common for continuing care retirement communities that often rely on long-term debt financing for facilities and operations, offset by future resident fees and contracts. Further analysis of their balance sheet would be needed to understand the specific nature and terms of these liabilities.
What is the trend in Peconic Landing At Southold Inc.'s financial performance?
Over the past decade, Peconic Landing At Southold Inc. has shown steady revenue growth, from $20,334,170 in 2014 to $33,373,980 in 2022 (latest available filing), with expenses generally tracking revenue. While there are fluctuations, the overall trend indicates a stable, albeit sometimes deficit-operating, organization.
Filing History
IRS 990 filing history for Peconic Landing At Southold Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Peconic Landing At Southold Inc's revenue has grown by 75.6%, moving from $19.0M to $33.4M. Total assets increased by 16.6% over the same period, from $123.4M to $143.9M. Total functional expenses rose by 75.8%, from $19.8M to $34.9M. In its most recent filing year (2022), Peconic Landing At Southold Inc reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $182.4M in liabilities against $143.9M in assets (debt-to-asset ratio: 126.8%), resulting in net assets of $-38,492,730.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $33.4M | $34.9M | $143.9M | $182.4M | — | View 990 |
| 2021 | $36.6M | $32.2M | $144.1M | $179.3M | — | View 990 |
| 2020 | $31.8M | $33.0M | $146.7M | $185.5M | — | View 990 |
| 2019 | $31.0M | $33.5M | $151.3M | $190.0M | — | View 990 |
| 2018 | $29.5M | $31.8M | $150.1M | $188.1M | — | View 990 |
| 2017 | $29.5M | $31.3M | $147.3M | $181.6M | — | View 990 |
| 2016 | $23.7M | $26.7M | $147.9M | $180.9M | — | View 990 |
| 2015 | $20.8M | $22.3M | $162.7M | $192.8M | — | View 990 |
| 2014 | $20.3M | $20.6M | $129.0M | $156.9M | — | View 990 |
| 2013 | $21.1M | $20.4M | $126.2M | $153.8M | — | View 990 |
| 2012 | $20.3M | $20.1M | $124.2M | $146.9M | — | View 990 |
| 2011 | $19.0M | $19.8M | $123.4M | $151.5M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $33.4M, expenses of $34.9M, and assets of $143.9M (revenue -8.8% year-over-year).
- 2021: Revenue of $36.6M, expenses of $32.2M, and assets of $144.1M (revenue +15.2% year-over-year).
- 2020: Revenue of $31.8M, expenses of $33.0M, and assets of $146.7M (revenue +2.3% year-over-year).
- 2019: Revenue of $31.0M, expenses of $33.5M, and assets of $151.3M (revenue +5.1% year-over-year).
- 2018: Revenue of $29.5M, expenses of $31.8M, and assets of $150.1M (revenue +0.1% year-over-year).
- 2017: Revenue of $29.5M, expenses of $31.3M, and assets of $147.3M (revenue +24.3% year-over-year).
- 2016: Revenue of $23.7M, expenses of $26.7M, and assets of $147.9M (revenue +14.1% year-over-year).
- 2015: Revenue of $20.8M, expenses of $22.3M, and assets of $162.7M (revenue +2.3% year-over-year).
- 2014: Revenue of $20.3M, expenses of $20.6M, and assets of $129.0M (revenue -3.6% year-over-year).
- 2013: Revenue of $21.1M, expenses of $20.4M, and assets of $126.2M (revenue +4.1% year-over-year).
- 2012: Revenue of $20.3M, expenses of $20.1M, and assets of $124.2M (revenue +6.6% year-over-year).
- 2011: Revenue of $19.0M, expenses of $19.8M, and assets of $123.4M.
Data Sources and Methodology
This transparency report for Peconic Landing At Southold Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.