Trezevant Episcopal Home
- Assets
- $115.1m
- Revenue
- $33.8m
- Investments
- $0.0
- Employees
- 402
- Location
- Memphis, TN
- Founding
- 03/1974
- Data as of
- 07/2022
- EIN
- 23-7363212
Organization Overview
Trezevant Episcopal Home is located in Memphis, TN. The organization was established in 1974. 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 07/2023, Trezevant Episcopal Home employed 402 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trezevant Episcopal 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 07/2022, Trezevant Episcopal Home generated $33.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $38.2m during the year ending 07/2022. While expenses have increased by 2.2% 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
PLANNED UNIT RESIDENTIAL LIFE CARE COMMUNITY TO PROVIDE HOUSING, HEALTH CARE AND RELATED SERVICES TO SENIOR ADULTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LIFECARE PROGRAM INCLUDES ASSISTED LIVING AND MEMORY CARE IN TREZEVANT TERRACE AND SKILLED NURSING IN ALLEN MORGAN HEALTH AND REHABILITATION CENTER WITH ONE MEAL PER DAY, BI-WEEKLY HOUSEKEEPING AND WEEKLY LINEN SERVICE, FULL MAINTENANCE FOR RESIDENCES AND GROUNDS, VALET SERVICE AND ASSIGNED GARAGE PARKING, UTILITIES, SCHEDULED TRANSPORTATION, 24 HOUR SECURITY AND EMERGENCY RESPONSES AND A SCHEDULE OF SOCIAL, SPIRITUAL AND WELLNESS PROGRAMS.
THE ALLEN MORGAN HEALTH AND REHABILITATION CENTER, IS A 104-BED NURSING HOME LOCATED ON THE TREZEVANT CAMPUS, OFFERING BOTH PRIVATE AND SEMI-PRIVATE ROOMS.WE WELCOME DIRECT ADMISSIONS TO ALLEN MORGAN CENTER ON A SPACE-AVAILABLE BASIS. WHEN YOUR PHYSICIAN, DISCHARGE PLANNER, OR SOCIAL WORKER DISCUSSES POST-HOSPITAL CARE, PLEASE TELL THEM THAT YOU WOULD LIKE TO KNOW ABOUT AVAILABILITY AT THE ALLEN MORGAN CENTER ON THE TREZEVANT CAMPUS.RESPITE CARE IS THE PROVISION OF SHORT-TERM BREAKS TO THOSE WHO ARE CARING FOR FAMILY MEMBERS WHO MIGHT OTHERWISE REQUIRE PERMANENT PLACEMENT IN A FACILITY OUTSIDE THE HOME. IT ALLOWS CAREGIVERS TO MAINTAIN THEIR OWN HEALTH AND WELL-BEING SO THAT THEY MAY CONTINUE THEIR LOVING JOURNEY AS A FAMILY.
TREZEVANT TERRACE OFFERS SPACIOUS RESIDENTIAL STYLE APARTMENTS FOR ASSISTED LIVING AND MEMORY SUPPORT CARE. THESE BEAUTIFUL APARTMENTS ALL OFFER 9FT. CEILINGS, EXTENSIVE CROWN MOLDINGS, EFFICIENCY KITCHENS WITH MARBLE COUNTER TOPS AND ACCESS TO ALL THE AMENITIES OF THE TREZEVANT COMMUNITY.AS A TERRACE RESIDENT, YOU WILL RECEIVE UNPARALLELED ASSISTED LIVING AMENITIES WITH AN ONSITE POST OFFICE, COMPUTER CENTER, BEAUTY/BARBER SHOP, GARDEN PATIOS, CAF/COFFEE SHOP, CARD AND ACTIVITIES ROOMS, AND GIFT SHOP.SERVICES INCLUDE ASSISTANCE WITH DAILY LIVING ITEMS, THREE MEALS A DAY, PERSONAL LAUNDRY AND HOUSEKEEPING DAILY, AND PLANNED SOCIAL EVENTS AND ENTERTAINMENT BOTH INSIDE AND OUTSIDE THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John D Ivy Jr Past Chair | OfficerTrustee | 1 | $0 |
Shade Robinson Chairman | OfficerTrustee | 1 | $0 |
Bruce Hopkins Vice Chairman | OfficerTrustee | 1 | $0 |
Estella Mayhue-Greer Secretary | OfficerTrustee | 1 | $0 |
Oscar P Adams Board Member | Trustee | 1 | $0 |
Hunt Campbell Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Functional Pathways Of Tennessee Llc Physical Therapy | 7/30/23 | $1,282,465 |
Certified Medical Staffing Llc Staffing Services | 7/30/23 | $879,614 |
Etairos Hvac Hvac | 7/30/23 | $146,856 |
Johnson Controls Fire Protection Lp Hvac | 7/30/23 | $124,198 |
Guardian Midsouth Pharmacy Pharmacy Services | 7/30/23 | $301,114 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,615 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,615 |
| Total Program Service Revenue | $32,505,142 |
| Investment income | $198,121 |
| Tax Exempt Bond Proceeds | $109,475 |
| Royalties | $0 |
| Net Rental Income | $91,551 |
| Net Gain/Loss on Asset Sales | $5,006 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $62,620 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,768,585 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100 |
| 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. | $548,985 |
| Compensation of current officers, directors, key employees. | $523,214 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,348,428 |
| Pension plan accruals and contributions | $278,459 |
| Other employee benefits | $1,166,769 |
| Payroll taxes | $1,032,349 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,371 |
| Fees for services: Accounting | $57,707 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,747 |
| Fees for services: Other | $1,348,062 |
| Advertising and promotion | $139,582 |
| Office expenses | $3,024,966 |
| Information technology | $173,456 |
| Royalties | $0 |
| Occupancy | $1,641,776 |
| Travel | $95,871 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,009 |
| Interest | $5,334,009 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,298,744 |
| Insurance | $941,460 |
| All other expenses | $324,934 |
| Total functional expenses | $38,215,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,986,047 |
| Savings and temporary cash investments | $3,408,750 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,472,349 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $93,570 |
| Prepaid expenses and deferred charges | $317,812 |
| Net Land, buildings, and equipment | $82,931,541 |
| Investments—publicly traded securities | $8,265,337 |
| Investments—other securities | $0 |
| Investments—program-related | $10,591,864 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $115,067,270 |
| Accounts payable and accrued expenses | $6,654,972 |
| Grants payable | $0 |
| Deferred revenue | $32,439,933 |
| Tax-exempt bond liabilities | $96,231,494 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $516,712 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,493,973 |
| Total liabilities | $173,337,084 |
| Net assets without donor restrictions | -$58,269,814 |
| 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 | $115,067,270 |