Louisville Protestant Altenheim
- Assets
- $12.3m
- Revenue
- $3.2m
- Investments
- $10.4m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 02/1943
- Data as of
- 12/2022
- 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 12/2022, Louisville Protestant Altenheim generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $3.4m 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 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 |
|---|---|---|---|
James Brown Treasurer | 5 | $0 | |
Jim Burd Director | 1 | $0 | |
Michael Busick President | 5 | $0 | |
Rachel Carrigan Director | 1 | $0 | |
Bob Wynkoop Director | 1 | $0 | |
Eileen Van Hoose Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Culinary Services Groups Llc | 12/30/22 | $486,497 |
Ams Healthcare Staffing | 12/30/22 | $180,269 |
Libs Paving Co Inc | 12/30/22 | $375,950 |
Highland Roofing | 12/30/22 | $177,552 |
Healthcare Services Group | 12/30/22 | $115,535 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,399 |
| Interest on Savings | $0 |
| Dividends & Interest | $216,021 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,110 |
| Capital Gain Net Income | $9,110 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,962,218 |
| Total Revenue | $3,189,748 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,491 |
| Other employee salaries and wages | $1,544,007 |
| Pension plans, employee benefits | $58,586 |
| Interest | $54 |
| Taxes | $121,658 |
| Depreciation | $116,726 |
| Occupancy | $243,042 |
| Travel, conferences, and meetings | $2,743 |
| Printing and publications | $0 |
| Other expenses | $1,129,371 |
| Total operating and administrative expenses | $3,356,023 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,356,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,416 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $25,765 |
| 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 | $6,222 |
| Prepaid expenses and deferred charges | $41,703 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,374,243 |
| Net Land, buildings, and equipment | $1,482,401 |
| Other assets | $159,270 |
| Total assets | $12,318,020 |
| Accounts payable and accrued expenses | $158,326 |
| Grants payable | $0 |
| Deferred revenue | $2,239 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,093 |
| Total liabilities | $162,658 |