Presbyterian Homes And Services Of Ky Inc
- Assets
- $18.0m
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 339
- Location
- Louisville, KY
- Founding
- 05/1986
- Data as of
- 12/2023
- EIN
- 61-1078924
Organization Overview
Presbyterian Homes And Services Of Ky Inc is located in Louisville, KY. The organization was established in 1986. 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 12/2023, Presbyterian Homes And Services Of KY Inc employed 339 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian Homes And Services Of KY 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, Presbyterian Homes And Services Of KY Inc generated $10.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $14.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 8 years. 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
ANSWERING GOD'S CALL TO LIFE CARE FOR THE AGING AND OTHERS, PRESBYTERIAN HOMES AND SERVICES OF KENTUCKY, INC. (PHSK) ENDEAVORS TO GIVE COMPASSIONATE CARE AND SUPERIOR SERVICE TO ALL WE SERVE. TO FULFILL THIS MISSION, PHSK HAS DEVELOPED COMMUNITIES TO ENCOURAGE RESIDENTS TO LIVE WITH DIGNITY WHILE MAINTAINING HIGHEST POSSIBLE LEVEL OF INDEPENDENCE. SERVING A DIVERSE POPULATION, EACH OF THE FACILITIES IN THE PRESBYTERIAN HOMES AND SERVICES FAMILY CREATES AN ENVIRONMENT TO RESPOND TO CHANGING NEEDS AS OUR RESIDENTS AGE. OFFERING COMPASSIONATE MEDICAL CARE, IN ADDITION TO SPIRITUAL AND EMOTIONAL SUPPORT SERVICES, PRESBYTERIAN HOMES SEEKS TO PROMOTE THE HEALTH AND WELFARE OF EACH PERSON WITH WHOM WE ASSOCIATE. IN ADDITION, PHSK PROVIDES FINANCIAL SUPPORT TO RESIDENTS WHOSE RESOURCES HAVE BEEN EXHAUSTED. THANKS TO OUR BENEVOLENT CARE FUND, NO RESIDENT IS ASKED TO LEAVE OUR FACILITIES DUE TO LACK OF FINANCIAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED 50,927 DAYS OF PATIENT CARE FOR NURSING HOME RESIDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrs Mary Stuart Reichard Trustee | Trustee | 2 | $0 |
Mr J Michael Dalton Trustee | Trustee | 2 | $0 |
Ms Melissa Deark Mull Vice Chair | OfficerTrustee | 2 | $0 |
Mr William M Renda Chair | OfficerTrustee | 2 | $0 |
Mr Brandon Fogle Trustee | Trustee | 2 | $0 |
Mr John Laufenberg Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Board Of Pensions Of The Presbyterian Ch Employee Benefits | 12/30/23 | $815,283 |
Broad River Rehabilitation Llc Therapy Services | 12/30/23 | $797,396 |
Ipfs Corporation Of The South Insurance Financing | 12/30/23 | $679,649 |
Accurate Healthcare Professionals Nursing Staffing Services | 12/30/23 | $525,000 |
Gale Healthcare Solutions Llc Nursing Staffing Services | 12/30/23 | $398,518 |
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 | $47,727 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,727 |
| Total Program Service Revenue | $10,620,282 |
| Investment income | $2,035 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,685,544 |
| 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 | $6,438,604 |
| Pension plan accruals and contributions | $17,198 |
| Other employee benefits | $583,873 |
| Payroll taxes | $473,099 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $139,837 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,792 |
| Office expenses | $248,130 |
| Information technology | $222,263 |
| Royalties | $0 |
| Occupancy | $808,295 |
| Travel | $11,106 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,127 |
| Interest | $524,510 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $683,886 |
| Insurance | $1,256,186 |
| All other expenses | $362,827 |
| Total functional expenses | $14,049,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $897,957 |
| Savings and temporary cash investments | $5,672 |
| Pledges and grants receivable | $71,817 |
| Accounts receivable, net | $663,996 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $71,896 |
| Prepaid expenses and deferred charges | $132,679 |
| Net Land, buildings, and equipment | $14,929,481 |
| Investments—publicly traded securities | $1,173,478 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $97,763 |
| Total assets | $18,044,739 |
| Accounts payable and accrued expenses | $1,907,857 |
| Grants payable | $0 |
| Deferred revenue | $967 |
| 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 | $10,173,884 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,211 |
| Total liabilities | $12,126,919 |
| Net assets without donor restrictions | $5,716,502 |
| Net assets with donor restrictions | $201,318 |
| 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 | $18,044,739 |