Methodist Home For The Aging
- Assets
- $5.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 100
- Location
- Birmingham, AL
- Founding
- 11/1998
- Data as of
- 06/2022
- EIN
- 04-3743805
Organization Overview
Methodist Home For The Aging is located in Birmingham, AL. The organization was established in 1998. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2022, Methodist Home For The Aging employed 100 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Methodist Home For The Aging 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 06/2022, Methodist Home For The Aging generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 0.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING TO THE ELDERLY AND HANDICAPPED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A FIFTY-FIVE UNIT ASSISTED LIVING FACILITY IN PENSACOLA FL FOR THE ELDERLY AND HANDICAPPED THAT PROVIDES AFFORDABLE HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Tomlin Mha-Ceo | OfficerTrustee | 0 | $0 |
Mike Giles Mha-Coo | OfficerTrustee | 0 | $0 |
Terrye Takacs Chair | OfficerTrustee | 0 | $0 |
Stephan Mcclellan Treasurer | OfficerTrustee | 0 | $0 |
Henry Roberts Vice Chair | OfficerTrustee | 0 | $0 |
Martha Perez Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $266,551 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $344,170 |
| Total Program Service Revenue | $1,648,892 |
| Investment income | $218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,019,309 |
| 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 | $856,110 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,040 |
| Payroll taxes | $65,180 |
| Fees for services: Management | $86,168 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,055 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,495 |
| Office expenses | $26,043 |
| Information technology | $23,089 |
| Royalties | $0 |
| Occupancy | $427,335 |
| Travel | $506 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $207,031 |
| Insurance | $34,950 |
| All other expenses | $37,271 |
| Total functional expenses | $2,150,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,294 |
| Savings and temporary cash investments | $557,722 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,722 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,808 |
| Prepaid expenses and deferred charges | $186,672 |
| Net Land, buildings, and equipment | $4,304,151 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $197,374 |
| Total assets | $5,302,743 |
| Accounts payable and accrued expenses | $326,628 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $6,622,012 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $946,731 |
| Total liabilities | $7,895,371 |
| Net assets without donor restrictions | -$2,592,628 |
| Net assets with donor restrictions | $0 |
| 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 | $5,302,743 |