Petersburg Home For Ladies Inc
- Assets
- $14.3m
- Revenue
- $6.0m
- Investments
- $12.1m
- Employees
- 0
- Location
- Petersburg, VA
- Founding
- 01/1982
- Data as of
- 12/2021
- EIN
- 54-0515720
Organization Overview
Petersburg Home For Ladies Inc is located in Petersburg, VA. The organization was established in 1982. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Petersburg Home For Ladies 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 12/2021, Petersburg Home For Ladies Inc generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $4.1m during the year ending 12/2021. While expenses have increased by 4.2% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES A RESIDENTIAL HOME FOR ELDERLY LADIES PROVIDING COMFORT AND CARE FOR APPROXIMATELY 50 FULL TIME RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Kelsey Administrator | 40 | $114,669 | |
Timothy Brinkley Assistant Administra | 40 | $79,962 | |
Debra R Trent Nursing Supervisor | 40 | $72,374 | |
Luigi Mosconi Fitness Trainer | 40 | $64,437 | |
Julie Bram Nursing | 40 | $56,998 | |
Francis Scott Porter Dietary | 40 | $56,210 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $222 |
| Dividends & Interest | $346,841 |
| Net Rental Income | -$9,037 |
| Net Gain on Sale of Assets | $3,048,725 |
| Capital Gain Net Income | $3,048,725 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,569,763 |
| Total Revenue | $5,976,906 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $114,669 |
| Other employee salaries and wages | $2,267,254 |
| Pension plans, employee benefits | $531,880 |
| Interest | $0 |
| Taxes | $21,638 |
| Depreciation | $194,734 |
| Occupancy | $109,146 |
| Travel, conferences, and meetings | $3,162 |
| Printing and publications | $0 |
| Other expenses | $807,705 |
| Total operating and administrative expenses | $4,082,008 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,082,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $377,388 |
| 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 | $3,076 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $63,183 |
| Investments—mortgage loans | $0 |
| Investments—other | $524,565 |
| Net Land, buildings, and equipment | $1,693,218 |
| Other assets | $0 |
| Total assets | $14,258,326 |
| 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 | $3,300 |
| Total liabilities | $3,300 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Petersburg Home For Ladies Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Maribill Foundation Inc Atlanta, GA PURPOSE: UNRESTRICTED | $100 |
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|---|---|---|
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