Grayson Housing Incorporated
- Assets
- $4.4m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 213
- Location
- Leitchfield, KY
- Founding
- 05/1968
- Data as of
- 11/2023
- EIN
- 61-0656880
Organization Overview
Grayson Housing Incorporated is located in Leitchfield, KY. The organization was established in 1968. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 11/2023, Grayson Housing Incorporated employed 213 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grayson Housing Incorporated is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 11/2023, Grayson Housing Incorporated generated $8.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $6.8m during the year ending 11/2023. While expenses have increased by 0.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FORMERLY OPERATED A 102 BED NURSING HOME FACILITY FOR THE BENEFIT OF THE RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SAFE, FRIENDLY ENVIRONMENT FOR NURSING HOME RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Anderson Director | Trustee | 1 | $1,800 |
Debbie Brackett Director | Trustee | 1 | $1,800 |
Nancy Jo Escue Director | Trustee | 1 | $1,800 |
Laura Goff Director | Trustee | 1 | $1,800 |
Robert Hatfield Director | Trustee | 1 | $1,800 |
Nina Meredith Director | Trustee | 1 | $1,800 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jason Brooks Construction | 11/29/16 | $151,824 |
Robin Riggs Construction | 11/29/16 | $270,810 |
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 | $6,375,109 |
| Investment income | $6,069 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,985,480 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,380,447 |
| 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 | $3,173,712 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $265,881 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $175,074 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $260,526 |
| Insurance | $0 |
| All other expenses | $264,079 |
| Total functional expenses | $6,848,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,999,747 |
| Savings and temporary cash investments | $1,500,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $413,475 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $514,732 |
| Net Land, buildings, and equipment | $10,110 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,438,064 |
| Accounts payable and accrued expenses | $350,941 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $350,941 |
| Net assets without donor restrictions | $4,087,123 |
| 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 | $4,438,064 |