Ramey-Estep Homes Inc
- Assets
- $13.8m
- Revenue
- $15.0m
- Investments
- $260.2k
- Employees
- 325
- Location
- Rush, KY
- Founding
- 12/1958
- Data as of
- 12/2023
- EIN
- 61-0595497
Organization Overview
Ramey-Estep Homes Inc is located in Rush, KY. The organization was established in 1958. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 12/2023, Ramey-Estep Homes Inc employed 325 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ramey-Estep Homes 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 12/2023, Ramey-Estep Homes Inc generated $15.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $18.9m during the year ending 12/2023. While expenses have increased by 8.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
RAMEY-ESTEP HOMES OFFERS OPPORTUNITIES FOR YOUTH TO BECOME PRODUCTIVE, RESPONSIBLE ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FOSTER CARE, BEHAVIORAL HEALTH AND RECOVERY SERVICES FOR INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ginny Anderson CEO | $147,681 | ||
Marianne Edwards Nurse Practi | $138,786 | ||
Tom Leach CFO | $91,213 | ||
Kayla Spradlin Aprn | $105,048 | ||
Mark T Baldock Treasurer | OfficerTrustee | $0 | |
Leif Clarke Board Member | Trustee | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $12,944,456 |
| Investment income | $347,734 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $160,877 |
| Net Gain/Loss on Asset Sales | $1,691 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,038,041 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,145,232 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,677,428 |
| Payroll taxes | $824,790 |
| 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 | $1,180,379 |
| Advertising and promotion | $0 |
| Office expenses | $225,378 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $683,680 |
| Travel | $226,973 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $404,935 |
| Interest | $30,648 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $880,409 |
| Insurance | $140,993 |
| All other expenses | $267,893 |
| Total functional expenses | $18,936,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,600 |
| Savings and temporary cash investments | $232,742 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,949,473 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $76,132 |
| Prepaid expenses and deferred charges | $127,431 |
| Net Land, buildings, and equipment | $10,964,169 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $260,189 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $192,233 |
| Total assets | $13,804,969 |
| Accounts payable and accrued expenses | $1,484,634 |
| Grants payable | $0 |
| Deferred revenue | $78,148 |
| Tax-exempt bond liabilities | $0 |
| 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 | $453,404 |
| Other liabilities | $458,709 |
| Total liabilities | $2,474,895 |
| Net assets without donor restrictions | $11,330,074 |
| Net assets with donor restrictions | $0 |
| 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 | $13,804,969 |