Presbyterian Manors Inc
- Assets
- $184.5m
- Revenue
- $111.6m
- Investments
- $986.2k
- Employees
- 2,569
- Location
- Wichita, KS
- Founding
- 01/1964
- Data as of
- 06/2021
- EIN
- 23-7154996
Organization Overview
Presbyterian Manors Inc is located in Wichita, KS. The organization was established in 1964. 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, Presbyterian Manors Inc employed 2,569 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Presbyterian Manors 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 06/2021, Presbyterian Manors Inc generated $111.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $112.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY ACTIVE SENIOR LIVING AND HEALTH CARE WITHIN A CHRISTIAN-BASED COMMUNITY.
Describe the Organization's Program Activity:
OPERATION OF SENIOR LIVING AND CARE COMMUNITIES IN KANSAS AND MISSOURI WHICH PROVIDE SERVICES TO SATISFY THREE BASIC NEEDS OF ELDERLY PERSONS, INCLUDING HOUSING, HEALTH CARE, AND FINANCIAL SECURITY. SEE SCHEDULE O FOR CONTINUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Riddle Health Svcs Registered Nurse | 40 | $127,524 | |
Debra Akins Health Svcs Registered Nurse | 40 | $119,812 | |
Aaron Morrison Chair | OfficerTrustee | 1 | $0 |
John Goodwin Vice Chair | OfficerTrustee | 1 | $0 |
Bruce H Shogren President/ceo | Officer | 30 | $0 |
William H Taylor Chief Operating Officer | Officer | 30 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aegis Therapies Inc Therapy Services | 6/29/21 | $6,161,753 |
Haren Contracting Llc Construction Service | 6/29/21 | $983,163 |
Design Mechanical Construction Service | 6/29/21 | $1,996,108 |
Morrison Management Specialists Dining Services | 6/29/21 | $715,220 |
Zack Group Nursing Temp Labor | 6/29/21 | $703,999 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,852 |
| Related organizations | $106,654 |
| Government grants | $13,308,779 |
| All other contributions, gifts, grants, and similar amounts not included above | $990,642 |
| Noncash contributions included in lines 1a–1f | $2,528,082 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,425,927 |
| Total Program Service Revenue | $90,793,775 |
| Investment income | $6,040,692 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $35,325 |
| Net Rental Income | $145,696 |
| Net Gain/Loss on Asset Sales | -$1,044 |
| Net Income from Fundraising Events | $34,923 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,573,289 |
| 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 | $42,636,640 |
| Pension plan accruals and contributions | $18,029 |
| Other employee benefits | $3,447,228 |
| Payroll taxes | $3,117,267 |
| Fees for services: Management | $8,850,543 |
| Fees for services: Legal | $292,728 |
| Fees for services: Accounting | $179,885 |
| Fees for services: Lobbying | $8,643 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $144,410 |
| Fees for services: Other | $4,986,596 |
| Advertising and promotion | $706,640 |
| Office expenses | $13,369,098 |
| Information technology | $1,300,200 |
| Royalties | $0 |
| Occupancy | $4,662,648 |
| Travel | $34,438 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $182,504 |
| Interest | $7,637,761 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,261,973 |
| Insurance | $757,980 |
| All other expenses | $0 |
| Total functional expenses | $112,710,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,269,012 |
| Savings and temporary cash investments | $4,775,970 |
| Pledges and grants receivable | $39,091 |
| Accounts receivable, net | $4,807,720 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $231,932 |
| Prepaid expenses and deferred charges | $2,174,040 |
| Net Land, buildings, and equipment | $94,452,054 |
| Investments—publicly traded securities | $33,060,969 |
| Investments—other securities | $986,161 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,747,504 |
| Total assets | $184,544,453 |
| Accounts payable and accrued expenses | $10,973,265 |
| Grants payable | $0 |
| Deferred revenue | $62,263,076 |
| Tax-exempt bond liabilities | $140,327,105 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,543,465 |
| Total liabilities | $215,106,911 |
| Net assets without donor restrictions | -$53,471,380 |
| Net assets with donor restrictions | $22,908,922 |
| 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 | $184,544,453 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Presbyterian Manors Inc has recieved totaling $13,485.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Southwest Kansas Dodge City, KS PURPOSE: Restricted to the use of Good Samaritan Fund | $13,485 |
Endowment Analysis
| Beg. Balance | $8,608,794 |
| Earnings | $2,396,081 |
| Net Contributions | $1,168 |
| Other Expense | $943,496 |
| Grants | $16,699 |
| Ending Balance | $10,045,848 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Senior Services St Louis, MO | $593,715,576 | $181,287,536 |
Ascension Michigan St Louis, MO | $23,891,639 | $140,150,374 |
Presbyterian Manors Inc Wichita, KS | $184,544,453 | $111,573,289 |
Wind Crest Inc Highlands Ranch, CO | $994,750,892 | $101,821,214 |
John Knox Village Lees Summit, MO | $177,748,432 | $73,269,206 |
Friendship Village Of South County St Louis, MO | $305,494,367 | $44,131,100 |
Bethesda Foundation Colorado Springs, CO | $104,909,820 | $43,407,177 |
Lakeview Village Inc Lenexa, KS | $137,708,063 | $49,070,478 |
Frasier Meadows Manor Inc Boulder, CO | $252,296,856 | $40,732,560 |
Friendship Village Of West County Chesterfield, MO | $195,171,509 | $29,494,334 |
Bslc Ii Colorado Springs, CO | $101,154,124 | $30,600,534 |
Larksfield Place Retirement Communities Inc Wichita, KS | $52,859,205 | $27,697,106 |