Masonic Homes Of Kentucky Inc
- Assets
- $84.0m
- Revenue
- $38.4m
- Investments
- $675.2k
- Employees
- 742
- Location
- Masonic Home, KY
- Founding
- 06/1949
- Data as of
- 12/2022
- EIN
- 61-0458374
Organization Overview
Masonic Homes Of Kentucky Inc is located in Masonic Home, KY. The organization was established in 1949. 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, Masonic Homes Of Kentucky Inc employed 742 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masonic Homes Of Kentucky 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, Masonic Homes Of Kentucky Inc generated $38.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $44.9m during the year ending 12/2022. While expenses have increased by 4.1% per year over the past 7 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
PROVIDES AND MAINTAINS A HOME FOR WIDOWS AND ORPHANS OF DECEASED MASONS OF KENTUCKY AND PROVIDES NURSING AND MEDICAL CARE TO CERTAIN RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH CARE SERVICES: COMPLETE HEALTH CARE OF RESIDENTS OF THE HOME. THIS INCLUDES THREE LEVELS OF CARE: PERSONAL CARE, NURSING CARE, AND SKILLED CARE. THE STAFF CONSISTS OF A TEAM OF REGISTERED NURSES, LICENSED PRACTICAL NURSES, NURSE ASSISTANTS, MEDICAL AIDES, AND MEDICAL RECORDS PERSONNEL. MOBILE HEALTH CARE CONSISTS OF THREE LEVELS OF CARE: PERSONAL CARE, NURSING HOME, AND FACILITY. RESIDENTS ARE TRANSPORTED TO OUTSIDE MEDICAL FACILITIES AS NEEDED.
HOUSEKEEPING SERVICES: HOUSEKEEPING SERVICES MORE THAN 278,000 SQUARE FEET OF FACILITIES. THIS INCLUDES RESIDENT'S ROOMS, HALLWAYS, DINING AREAS, CHAPELS, OFFICE AREAS, AND MORE. LAUNDRY STAFF'S DUTIES INCLUDE WASHING, IRONING, DISTRIBUTION, AND STORAGE OF LINEN SUPPLIES AND PERSONAL CLOTHING OF RESIDENTS.
RESIDENT AND OPERATING SERVICES: THE SOCIAL SERVICES DEPARTMENT INCLUDES A DIRECTOR OR SOCIAL SERVICES ASSISTANT DIRECTOR, SOCIAL SERVICES BUYER, RECEPTIONIST, BEAUTICIAN, AND SEAMSTRESS. THESE POSITIONS PROVIDE SERVICES RELATED TO ADMISSIONS, ADJUSTMENTS TO DAILY ROUTINES, COUNSELING SERVICES FOR BOTH RESIDENTS AND THEIR FAMILY, AND THE PURCHASE OF CLOTHING.
DIETARY SERVICES: PREPARES AND SERVES MEALS TO APPROXIMATELY 220 RESIDENTS DAILY. MEALS ARE PREPARED ACCORDING TO THE PHYSICIAN'S DIET ORDER. STAFF INCLUDE A DIETARY DIRECTOR, REGISTERED DIETICIAN, PRODUCTION MANAGERS, SUPERVISORS, COOKS, STOCK CLERK, OFFICE WORKER, AND DIETARY AIDES. AN AVERAGE OF 140 EMPLOYEE MEALS ARE PREPARED DAILY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Cannon Director | Trustee | 0.8 | $0 |
Jim Deceasre Director | Trustee | 0.8 | $0 |
Geary Laird Director | Trustee | 0.8 | $0 |
Joe Flowers Director | Trustee | 0.8 | $0 |
Timothy Sander Director | Trustee | 0.8 | $0 |
Richard Short Director | Trustee | 0.8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ams Temporaries Staffing Agency | 12/30/22 | $757,597 |
Nursestat Llc Staffing Agency | 12/30/22 | $343,508 |
Shiftkey Llc Staffing Agency | 12/30/22 | $294,628 |
Accurate Healthcare Professionals Staffing Agency | 12/30/22 | $245,470 |
Lusk Mechanical Contractors Contractor | 12/30/22 | $201,193 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $176,887 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,415,868 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,592,755 |
| Total Program Service Revenue | $35,516,567 |
| Investment income | $412,387 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $12,752 |
| Net Rental Income | $320,724 |
| Net Gain/Loss on Asset Sales | $506,854 |
| Net Income from Fundraising Events | -$3,604 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,441,432 |
| 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. | $923,311 |
| Compensation of current officers, directors, key employees. | $923,311 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,575,778 |
| Pension plan accruals and contributions | $310,152 |
| Other employee benefits | $2,466,797 |
| Payroll taxes | $1,621,553 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $438,815 |
| Fees for services: Accounting | $75,437 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $90,986 |
| Fees for services: Other | $2,893,922 |
| Advertising and promotion | $385,017 |
| Office expenses | $1,127,378 |
| Information technology | $344,090 |
| Royalties | $0 |
| Occupancy | $2,166,946 |
| Travel | $151,960 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,814 |
| Interest | $2,793,945 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,393,987 |
| Insurance | $2,164,109 |
| All other expenses | -$2,938,031 |
| Total functional expenses | $44,935,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $940,533 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $132,352 |
| Accounts receivable, net | $6,546,507 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $316,588 |
| Prepaid expenses and deferred charges | $853,251 |
| Net Land, buildings, and equipment | $53,945,497 |
| Investments—publicly traded securities | $15,630,636 |
| Investments—other securities | $675,185 |
| Investments—program-related | $221,607 |
| Intangible assets | $1,085,212 |
| Other assets | $3,690,367 |
| Total assets | $84,037,735 |
| Accounts payable and accrued expenses | $5,322,366 |
| Grants payable | $0 |
| Deferred revenue | $574,839 |
| Tax-exempt bond liabilities | $50,278,630 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,193,008 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,106,821 |
| Total liabilities | $69,475,664 |
| Net assets without donor restrictions | $12,934,302 |
| Net assets with donor restrictions | $1,627,769 |
| 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 | $84,037,735 |