Palmer Home Inc
- Assets
- $5.6m
- Revenue
- $320.1k
- Investments
- $5.4m
- Employees
- 0
- Location
- Dover, DE
- Founding
- 01/1967
- Data as of
- 02/2024
- EIN
- 51-0066737
Organization Overview
Palmer Home Inc is located in Dover, DE. The organization was established in 1967. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palmer Home 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 02/2024, Palmer Home Inc generated $320.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $382.4k during the year ending 02/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Palmer Home Inc has awarded 80 individual grants totaling $1,613,167. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION RESEARCHES AND INTERVIEWS VARIOUS ORGANIZATIONS WHOSE MISSION IS TO ASSIST THE ELDERLY. THEN CONTRIBUTIONS ARE DETERMINED AND PAID TO OTHER 501C (3) TAX-EXEMPT ORGANIZATIONS TO BENEFIT THE ELDERLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mardi Pyott President | 2 | $0 | |
Whitney Arthur Vice Preside | 1 | $0 | |
Ellen Harbeson Secretary | 1 | $0 | |
Jean Deleo Director | 1 | $0 | |
Carol Braverman Director | 1 | $0 | |
Allison Kahn Finance | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $40,426 |
| Interest on Savings | $59,016 |
| Dividends & Interest | $99,809 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $120,878 |
| Capital Gain Net Income | $120,878 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $320,129 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,636 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,370 |
| Total operating and administrative expenses | $57,478 |
| Contributions, gifts, grants paid | $324,950 |
| Total expenses and disbursements | $382,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $157,612 |
| Net Accounts receivable | $0 |
| 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 | $4,061 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $602,825 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,593,892 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Palmer Home Inc has awarded $324,950 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CANCER CARE CONNECTION PURPOSE: BENEFIT ELDERLY | $2,000 |
HARRINGTON SENIOR CENTER PURPOSE: BENEFIT ELDERLY | $25,000 |
FOOD BANK OF DE PURPOSE: BENEFIT ELDERLY | $55,000 |
MILFORD SENIOR CENTER PURPOSE: BENEFIT ELDERLY | $15,000 |
MODERN MATURITY SENIOR CE PURPOSE: BENEFIT ELDERLY | $45,200 |
MAMIE A WARREN SENIOR CENTER PURPOSE: BENEFIT ELDERLY | $6,000 |