Westminster Presbyterian Homes Inc
- Assets
- $186.3m
- Revenue
- $18.2m
- Investments
- $0.0
- Employees
- 251
- Location
- Quitman, GA
- Founding
- 08/1978
- Data as of
- 12/2022
- EIN
- 58-1327731
Organization Overview
Westminster Presbyterian Homes Inc, operating under the name Presbyterian Village Athens, is located in Quitman, GA. The organization was established in 1978. 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 Village Athens employed 251 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian Village Athens 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 Village Athens generated $18.2m in total revenue. All expenses for the organization totaled $24.8m during the year ending 12/2022. While expenses have increased by 129.7% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPMENT OF A HOUSING FACILITY FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESTMINSTER PRESBYTERIAN HOMES IS AN ESTABLISHED GEORGIA NOT-FOR-PROFIT CORPORATION. WESTMINSTER WAS ORGANIZED TO CONSTRUCT A LONG-TERM CARE RETIREMENT COMMUNITY ON A PARCEL OF LAND IN OCONEE COUNTY, GEORGIA. IN MARCH 2021, WESTMINSTER COMMENCED OPERATIONS AND BEGAN MOVING REISDENTS INTO THE INDIVIDUAL COTTAGES AND APARTMENTS. WESTMINSTER OPERATES FACILITIES WHICH INCLUDE 40 NURSING HOME BEDS, 30 PERSONAL CARE BEDS, 30 MEMORY SUPPORTIVE SERVICES BEDS, AS WELL AS 115 COTTAGES, 12 VILLAS, AND 101 APARTMENT HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Patterson President/ceo | OfficerTrustee | 1 | $0 |
Rev Tony Sundermeier Chair | OfficerTrustee | 1 | $0 |
Jack Benedict Treasurer | OfficerTrustee | 1 | $0 |
Samuel W Eskew Secretary | OfficerTrustee | 1 | $0 |
Lativia Alston Board Member | Trustee | 1 | $0 |
C Duncan Beard Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aegis Therapies Inc Therapy | 12/30/22 | $346,584 |
Precision Landscape Management Landscape Management | 12/30/22 | $442,244 |
Polaris Group Healthcare Consulting | 12/30/22 | $279,992 |
Two Maids And A Mop Cleaning Company | 12/30/22 | $273,883 |
Shiftkey Scheduling And Credential Management Pla | 12/30/22 | $1,350,298 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $98,020 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,026 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,046 |
| Total Program Service Revenue | $17,333,027 |
| Investment income | $339,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,164,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $230,246 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,052,039 |
| Pension plan accruals and contributions | $9,179 |
| Other employee benefits | $246,440 |
| Payroll taxes | $404,878 |
| Fees for services: Management | $98,654 |
| Fees for services: Legal | $35,316 |
| Fees for services: Accounting | $36,656 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,641,184 |
| Advertising and promotion | $150,035 |
| Office expenses | $604,974 |
| Information technology | $335,496 |
| Royalties | $0 |
| Occupancy | $904,441 |
| Travel | $18,699 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,210,226 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,102,326 |
| Insurance | $789,715 |
| All other expenses | $888,963 |
| Total functional expenses | $24,816,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $39,147,974 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,074,183 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $48,781 |
| Prepaid expenses and deferred charges | $153,344 |
| Net Land, buildings, and equipment | $142,925,352 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,949,128 |
| Total assets | $186,298,762 |
| Accounts payable and accrued expenses | $2,622,285 |
| Grants payable | $0 |
| Deferred revenue | $96,113,185 |
| Tax-exempt bond liabilities | $82,840,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $15,370,833 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,162,629 |
| Total liabilities | $203,108,932 |
| Net assets without donor restrictions | -$16,959,731 |
| Net assets with donor restrictions | $149,561 |
| 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 | $186,298,762 |