Presbyterian Homes Inc

Organization Overview

Presbyterian Homes Inc is located in Colfax, NC. The organization was established in 1991. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Presbyterian Homes 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 09/2021, Presbyterian Homes Inc generated $28.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $24.4m during the year ending 09/2021. While expenses have increased by 3.8% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE VISION OF GLENAIRE INC IS PROVIDING A COMMUNITY OF EXCELLENCE AND INNOVATION IN A STABLE AND COMPASSIONATE ENVIRONMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GLENAIRE INC, PROVIDES RESIDENTIAL, ASSISTED LIVING AND NURSING CARE FOR APPROXIMATELY 422 SENIOR ADULT RESIDENTS. SERVICES INCLUDE HOUSEKEEPING, FOOD SERVICE, MEDICAL AND OTHER SUPPORT SERVICES IN A CONTINUING CARE COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Eddie Williford
President
$0
Doug Brown
Vice President
$0
Susan Hodges
Secretary
$0
Becky King
Treasurer
$0
Debbie Pappas
Board Member
$0
David Bookhout
Board Member
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$1,006,068
Investment income $436,100
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $50,374
Net Gain/Loss on Asset Sales $1,729,043
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $28,625,246

Peer Organizations

Organization NameAssets
Presbyterian Homes Inc
Colfax, NC
$62,438,008
Baptist Retirement Homes Of North Carolina Incorporated
Winston Salem, NC
$52,031,584
Everyage
Newton, NC
$58,100,743
Lenbrook Square Foundation Inc
Atlanta, GA
$46,078,205
Carolina Meadows Inc
Chapel Hill, NC
$48,724,740
Williamsburg Landing Inc
Williamsburg, VA
$46,748,975
Friends Homes Inc
Greensboro, NC
$41,313,832
Fort Norfolk Retirement Community Inc
Norfolk, VA
$36,023,542
Well-Spring Ret Community
Greensboro, NC
$39,926,094
Deerfield Episcopal Retirement Comm Inc
Asheville, NC
$45,645,787
Springmoor Inc
Raleigh, NC
$40,800,832
Moravian Home Incorporated
Winstonsalem, NC
$40,790,928
Covenant Living At Shannondale
Knoxville, TN
$31,846,714
Lakewood Manor Baptist Retirement Community Inc
Glen Allen, VA
$40,251,783
Westminster Canterbury Of The Blue Ridge
Charlottesville, VA
$43,818,471
Trezevant Episcopal Home
Memphis, TN
$33,768,585
Air Force Retired Officers Community-Washington Dc
Potomac Falls, VA
$38,747,003
Maryfield Inc
High Point, NC
$35,368,000
Westminster-Canterbury Of Lynchburg Inc
Lynchburg, VA
$36,892,402
The Pines At Davidson Inc
Davidson, NC
$36,754,820
Magnolia Manor Inc
Americus, GA
$33,272,990
St Joseph Of Pines Inc
Southern Pines, NC
$30,520,226
South Carolina Baptist Ministries For The Aging Inc
Columbia, SC
$27,742,923
Village Of Germatown Inc
Germantown, TN
$23,573,228
Newport News Baptist Retirement Community Inc
Glen Allen, VA
$28,815,081

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