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 12/2022, Petersburg Home For Ladies Inc generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2022. 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
2022
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mrs Maureen Mcclure Director | 1 | $0 | |
Mrs Barbara Finney President | 1 | $0 | |
Mrs Carolyn Brown First Vice President | 1 | $0 | |
Mrs Jonnee Sue Grizzard Treasurer | 1 | $0 | |
Mrs Wendy Stevens Secretary | 1 | $0 | |
Mrs Elizabeth Johnson Director | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $20,000 |
Interest on Savings | $198 |
Dividends & Interest | $191,766 |
Net Rental Income | -$8,015 |
Net Gain on Sale of Assets | -$158,411 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $2,688,380 |
Total Revenue | $2,752,733 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $96,024 |
Other employee salaries and wages | $2,624,256 |
Pension plans, employee benefits | $605,496 |
Interest | $0 |
Taxes | $21,697 |
Depreciation | $198,761 |
Occupancy | $122,849 |
Travel, conferences, and meetings | $9,811 |
Printing and publications | $0 |
Other expenses | $816,323 |
Total operating and administrative expenses | $4,525,527 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $4,525,527 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $400 |
Savings and temporary cash investments | $410,954 |
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 | $2,249 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $68,041 |
Investments—mortgage loans | $0 |
Investments—other | $524,565 |
Net Land, buildings, and equipment | $1,634,166 |
Other assets | $0 |
Total assets | $12,494,153 |
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 | $11,921 |
Total liabilities | $11,921 |