Old Ladies Home
- Assets
- $6.0m
- Revenue
- $1.3m
- Investments
- $3.1m
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 01/1941
- Data as of
- 12/2021
- EIN
- 23-7082862
Organization Overview
Old Ladies Home is located in Lexington, KY. The organization was established in 1941. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Ladies Home 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 12/2021, Old Ladies Home generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 6 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ROOM AND BOARD FOR ELDERLY, LOW AND MODERATE INCOME WOMEN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Weber Executive Director | 40 | $74,015 | |
Graham Rowles Vice-President | 1 | $0 | |
Marie Smart President | 1 | $0 | |
Marilyn Gall Secretary | 1 | $0 | |
Sharon Holbrook Treasurer | 1 | $0 | |
Jennifer Larkin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $428,819 |
| Interest on Savings | $0 |
| Dividends & Interest | $75,264 |
| Net Rental Income | $64,424 |
| Net Gain on Sale of Assets | $314,958 |
| Capital Gain Net Income | $314,958 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $410,799 |
| Total Revenue | $1,294,264 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $74,015 |
| Other employee salaries and wages | $373,016 |
| Pension plans, employee benefits | $67,518 |
| Interest | $0 |
| Taxes | $34,416 |
| Depreciation | $100,154 |
| Occupancy | $44,617 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $341,776 |
| Total operating and administrative expenses | $1,053,585 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,053,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,703 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $54,438 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $42,561 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $399,462 |
| Net Land, buildings, and equipment | $2,085,900 |
| Other assets | $452,485 |
| Total assets | $5,987,316 |
| Accounts payable and accrued expenses | $165,466 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $7,800 |
| Total liabilities | $173,266 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Old Ladies Home has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Keeneland Foundation Inc Lexington, KY PURPOSE: GENERAL OPERATING GRANT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery Place Chicago, IL | $31,885,880 | $16,111,662 |
Bishop Spencer Place Inc Kansas City, MO | $31,543,334 | $13,908,229 |
Lakeshore Estate Inc Nashville, TN | $27,064,642 | $18,022,154 |
Sunset Retirement Communities Inc Toledo, OH | $108,190,573 | $24,563,176 |
Bethesda Health Group Inc St Louis, MO | $17,800,638 | $4,853,543 |
Brethren Retirement Community Greenville, OH | $42,948,048 | $21,022,668 |
Beth Sholom Home Of Eastern Virginia Virginia Beach, VA | $27,551,493 | $20,688,012 |
Central Baptist Home For The Aged Norridge, IL | $67,571,437 | $21,182,649 |
Presbyterian Homes And Services Of Ky Inc Louisville, KY | $21,197,492 | $21,992,512 |
Good Samaritan Home Of Quincy Quincy, IL | $32,676,656 | $19,097,575 |
Friendship Village Of Columbus Ohio Inc Columbus, OH | $29,113,635 | $19,234,809 |
Covenant Home Illinois Northbrook, IL | $166,475,205 | $19,986,763 |