Presbyterian Home Quitman Retirement Inc
- Assets
- $2.1m
- Revenue
- $407.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Quitman, GA
- Founding
- 02/2004
- Data as of
- 12/2020
- EIN
- 02-0708789
Organization Overview
Presbyterian Home Quitman Retirement Inc is located in Quitman, GA. The organization was established in 2004. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian Home Quitman Retirement Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Presbyterian Home Quitman Retirement Inc generated $407.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $335.7k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (22.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EXCEPTIONAL SERVICES TO SENIOR ADULTS IN AN INDEPENDENT SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESBYTERIAN HOME, QUITMAN, RETIREMENT OPERATES FACILITIES WHICH INCLUDE 8 CLUSTER HOMES, 1 COTTAGE HOME, AND 2 VILLAS. RESIDENTS ARE SERVED REGARDLESS OF ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Patterson President/ceo | OfficerTrustee | 1 | $355,573 |
Gwen Hardy COO | Officer | 1 | $270,310 |
Dianne Arrendale CFO | Officer | 1 | $221,358 |
Frank H Mcelroy Jr President/ceo | OfficerTrustee | 1 | $38,865 |
G Richard Pope 2nd Vice Chair | OfficerTrustee | 1 | $0 |
Rev W Glenn Doak Jr 1st Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $275,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,955 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $280,955 |
| Total Program Service Revenue | $127,772 |
| Investment income | -$22,393 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,863 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $407,917 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,435 |
| Pension plan accruals and contributions | $508 |
| Other employee benefits | $7,271 |
| Payroll taxes | $2,499 |
| Fees for services: Management | $7,479 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,069 |
| Advertising and promotion | $2,362 |
| Office expenses | $19,331 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,440 |
| Travel | $6,351 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,965 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,925 |
| Insurance | $9,975 |
| All other expenses | $748 |
| Total functional expenses | $335,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $100,942 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,241 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $798,532 |
| Investments—publicly traded securities | $1,172,656 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,582 |
| Total assets | $2,115,953 |
| Accounts payable and accrued expenses | $3,172 |
| Grants payable | $0 |
| Deferred revenue | $6,240 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $401,083 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $598,423 |
| Total liabilities | $1,008,918 |
| Net assets without donor restrictions | $475,035 |
| Net assets with donor restrictions | $632,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,115,953 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Presbyterian Home Quitman Retirement Inc has recieved totaling $275,000.
| Awarding Organization | Amount |
|---|---|
Presbyterian Homes Of Georgia Inc Quitman, GA PURPOSE: OPERATIONAL ASSISTANCE | $275,000 |
Endowment Analysis
| Beg. Balance | $844,596 |
| Earnings | $137,801 |
| Ending Balance | $982,397 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St James Residence Of The Palm Beaches Inc West Palm Beach, FL | $94,288 | $38,104,096 |
Arbor Acres United Methodist Retirement Community Inc Winstonsalem, NC | $155,220,604 | $40,394,713 |
Chapel Hill Residential Retirement Center Inc Chapel Hill, NC | $120,640,930 | $31,949,437 |
Carolina Village Inc Hendersonville, NC | $124,169,436 | $34,185,742 |
Orlando Lutheran Towers Inc Orlando, FL | $80,032,894 | $34,936,633 |
Galloway Ridge Inc Pittsboro, NC | $130,866,786 | $36,150,184 |
Bonita Springs Retirement Village Inc Gainesville, FL | $109,847,615 | $18,938,390 |
Federation Gulfstream Housing Inc Boca Raton, FL | $0 | $28,667,255 |
Redstone Military Retirement Residence Association Huntsville, AL | $75,839,783 | $19,548,176 |
Concordia Of Florida Inc Tampa, FL | $31,059,059 | $25,497,159 |
St Andrews Residence Of The Diocese Of Southeast Florida Inc West Palm Beach, FL | $295,539 | $24,065,641 |
Cypress Of Charlotte Club Inc Charlotte, NC | $4,602,507 | $19,033,502 |