Methodist Home For The Aging
- Assets
- $5.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 100
- Location
- Birmingham, AL
- Founding
- 11/1998
- Data as of
- 06/2021
- 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 06/2021, 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 06/2021, Methodist Home For The Aging generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2021. 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
2021
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.
N/A
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Tomlin Mha-Ceo | OfficerTrustee | 0 | $0 |
Mike Giles Mha-Coo | OfficerTrustee | 0 | $0 |
Henry Roberts Vice President | OfficerTrustee | 0 | $0 |
Betty Salter President | OfficerTrustee | 0 | $0 |
Stephan Mcclellan Treasurer | OfficerTrustee | 0 | $0 |
W Bruce Akins Mha-Cfo | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,081 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,627 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,708 |
| Total Program Service Revenue | $1,693,646 |
| Investment income | $394 |
| 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 | $1,803,336 |
| 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 | $799,251 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,760 |
| Payroll taxes | $63,177 |
| Fees for services: Management | $89,666 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,955 |
| Advertising and promotion | $8,984 |
| Office expenses | $19,593 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $412,300 |
| Travel | $0 |
| 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 | $206,120 |
| Insurance | $56,261 |
| All other expenses | $68,635 |
| Total functional expenses | $2,134,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,059 |
| Savings and temporary cash investments | $471,521 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,298 |
| 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 | $151,975 |
| Net Land, buildings, and equipment | $4,462,943 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $204,267 |
| Total assets | $5,447,871 |
| Accounts payable and accrued expenses | $239,944 |
| 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 | $6,689,662 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $979,569 |
| Total liabilities | $7,909,175 |
| Net assets without donor restrictions | -$2,461,304 |
| 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 | $5,447,871 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lakeshore Estate Inc Nashville, TN | $27,064,642 | $18,022,154 |
Sarasota Manatee Jewish Housing Council Inc Sarasota, FL | $25,733,958 | $18,693,648 |
Carpenters Home Estates Inc Lakeland, FL | $64,229,461 | $19,045,367 |
Menorah Manor Inc St Petersburg, FL | $10,980,323 | $18,960,308 |
Ave Maria Home Memphis, TN | $24,665,366 | $18,165,699 |
Central Georgia Senior Health Inc Macon, GA | $135,213,897 | $22,356,882 |
Blakeford At Green Hills Corporation Nashville, TN | $102,878,006 | $17,185,961 |
Penney Retirement Community Inc Penney Farms, FL | $61,971,655 | $17,793,426 |
Lutheran Haven Oviedo, FL | $50,707,135 | $14,795,966 |
Florida Presbyterian Homes Inc Lakeland, FL | $60,980,180 | $17,797,628 |
Westminster Shores Inc Orlando, FL | $96,015,943 | $14,266,347 |
Christian City Inc Union City, GA | $27,522,237 | $12,222,387 |