Presbyterian Home At Charlotte Inc
- Assets
- $213.2m
- Revenue
- $28.6m
- Investments
- $0.0
- Employees
- 432
- Location
- Charlotte, NC
- Founding
- 04/1965
- Data as of
- 12/2022
- EIN
- 56-6064186
Organization Overview
Presbyterian Home At Charlotte Inc is located in Charlotte, NC. The organization was established in 1965. 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 12/2022, Presbyterian Home At Charlotte Inc employed 432 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian Home At Charlotte 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, Presbyterian Home At Charlotte 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 4.9% each year. All expenses for the organization totaled $28.1m during the year ending 12/2022. While expenses have increased by 5.6% 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.
Since 2018, Presbyterian Home At Charlotte Inc has awarded 37 individual grants totaling $2,229,102. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE ENRICH RESIDENTS' LIVES BY PROVIDIING A NURTURING ENVIRONMENT WITH JOY, PURPOSE, AND WELL-BEING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRESBYTERIAN HOME AT CHARLOTTE, INC. PROVIDES HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO RESIDENTS THROUGH THE OPERATION OF A RETIREMENT FACILITY WHICH AT DECEMBER 31, 2022, CONTAINED 253 INDEPENDENT LIVING UNITS, 40 ASSISTED LIVING UNITS, AND A 96 BED HEALTH CARE CENTER (37 HEALTH CARE BEDS OUT OF SERVICE DURING CONSTRUCTION).
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas K Bradley Vice Chair/past Chair | OfficerTrustee | 1 | $0 |
John E Burton Jr Secretary | OfficerTrustee | 1 | $0 |
John J Carpenter Director | Trustee | 1 | $0 |
Edith M Hall Director | Trustee | 1 | $0 |
Margaret A Martin Director | Trustee | 1 | $0 |
Timothy J Ignasher Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Messer Construction Co Building Construction Contractor | 12/30/22 | $23,690,451 |
Ross Allen Custom Builders Inc Building Renovation Contractor | 12/30/22 | $2,124,307 |
Us Foodservice Foodservice | 12/30/22 | $1,114,481 |
Healthpro Heritage Therapy Contract Services | 12/30/22 | $1,015,818 |
Shiftkey Cna/lpn/nursing Contractor | 12/30/22 | $610,526 |
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 | $1,432,369 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,432,369 |
| Total Program Service Revenue | $27,236,684 |
| Investment income | $663,579 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$743,494 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,589,138 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $679,400 |
| Grants and other assistance to domestic individuals. | $837,719 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,811,861 |
| Pension plan accruals and contributions | $162,932 |
| Other employee benefits | $1,638,502 |
| Payroll taxes | $671,891 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $270,999 |
| Advertising and promotion | $332,070 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,027,930 |
| Payments to affiliates | $1,000,000 |
| Depreciation, depletion, and amortization | $4,490,793 |
| Insurance | $363,569 |
| All other expenses | $392,577 |
| Total functional expenses | $28,080,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,670,896 |
| Pledges and grants receivable | $147,474 |
| Accounts receivable, net | $1,149,143 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $333,176 |
| Net Land, buildings, and equipment | $78,011,107 |
| Investments—publicly traded securities | $27,452,237 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $86,446,107 |
| Total assets | $213,210,140 |
| Accounts payable and accrued expenses | $7,886,085 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $81,687,702 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $59,563,252 |
| Total liabilities | $149,137,039 |
| Net assets without donor restrictions | $58,115,947 |
| Net assets with donor restrictions | $5,957,154 |
| 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 | $213,210,140 |
Grants Awarded
Over the last fiscal year, Presbyterian Home At Charlotte Inc has awarded $674,150 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: WALK TO END ALZHEIMER'S AND DEMENTIA EDUCATION | $168,612 |
UNC CHARLOTTE PURPOSE: SUPPORT UNCC PROGRAM TO PROVIDE UNDERSERVED SENIORS WITH PERSONALIZED HEALTH ASSESSMENTS | $214,924 |
CRISIS ASSISTANCE PURPOSE: TO PROVIDE ASSISTANCE AND ADVOCACY FOR PEOPLE IN FINANCIAL CRISIS, HELPING THEM MOVE TOWARD SELF-SUFFICIENCY | $30,614 |
FRIENDSHIP TRAYS PURPOSE: HOME DELIVERED MEALS TO THOSE IN NEED | $25,000 |
MEMORY AND MOVEMENT PURPOSE: COMPREHENSIVE CARE FOR MEMORY AND MOVEMENT DISORDERS REGARDLESS OF FINANCIAL SITUATION | $25,000 |
SHARON PRESBYTERIAN CHURCH PURPOSE: SERVE HUMAN NEED | $50,000 |