Louisville Protestant Altenheim
- Assets
- $14.9m
- Revenue
- $3.7m
- Investments
- $12.8m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 02/1943
- Data as of
- 12/2021
- EIN
- 61-0449634
Organization Overview
Louisville Protestant Altenheim is located in Louisville, KY. The organization was established in 1943. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisville Protestant Altenheim 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, Louisville Protestant Altenheim generated $3.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 6.5% per year over the past 4 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 LOUISVILLE PROTESTANT ALTENHEIM (THE "ALTENHEIM") WAS FOUNDED IN 1906 AS A LONG-TERM CARE FACILITY IN LOUISVILLE, KENTUCKY. IT IS A CONTINUING CARE RETIREMENT COMMUNITY WITH FOUR LEVELS OF CARE: INDEPENDENT LIVING; PERSONAL CARE; INTERMEDIATE CARE; AND NURSING HOME BEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana Gravitt Administrator | 40 | $115,000 | |
Mark Kitchen Maintenance Supervis | 40 | $67,978 | |
Luis Daisson Nursing Assistant | 40 | $55,400 | |
Kenneisha Parham Lpn | 40 | $53,620 | |
Stacey Thompson Director Of Nursing | 40 | $53,354 | |
James Brown Treasurer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthcare Services Group | 12/30/21 | $400,469 |
Career Staff Unlimited | 12/30/21 | $164,510 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,970 |
| Interest on Savings | $0 |
| Dividends & Interest | $182,799 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $618,939 |
| Capital Gain Net Income | $618,939 |
| Net ST Capital Gain | $52,041 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,927,251 |
| Total Revenue | $3,730,959 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,119,869 |
| Pension plans, employee benefits | $74,558 |
| Interest | $0 |
| Taxes | $82,329 |
| Depreciation | $100,057 |
| Occupancy | $204,078 |
| Travel, conferences, and meetings | $8,652 |
| Printing and publications | $0 |
| Other expenses | $1,397,803 |
| Total operating and administrative expenses | $3,064,412 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,064,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $556,702 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $40,610 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $9,203 |
| Prepaid expenses and deferred charges | $45,272 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,766,095 |
| Net Land, buildings, and equipment | $1,288,595 |
| Other assets | $174,849 |
| Total assets | $14,881,326 |
| Accounts payable and accrued expenses | $216,050 |
| Grants payable | $0 |
| Deferred revenue | $20,340 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,092 |
| Total liabilities | $238,482 |
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