Presbyterian Homes And Services Of Ky Inc

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 12/2021, Presbyterian Homes And Services Of KY Inc employed 399 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 12/2021, Presbyterian Homes And Services Of KY Inc generated $22.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $19.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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 73,972 DAYS OF PATIENT CARE FOR NURSING HOME RESIDENTS.


PROVIDED 73,972 DAYS OF PATIENT CARE FOR NURSING HOME RESIDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Harriet Wagner
President/ceo
$210,846
Mr Ben Durham
Executive Vice President
$132,901
Mr Arnis Ekens
Controller
$132,570
Mr Thomas Yurt
VP Of Facilities
$114,223
Mr J Michael Dalton
Chair
$0
Ms Dee Hoge
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Broad River Rehabilitation Services
Therapy Services
$1,065,707
Gale Healthcare Solutions Llc
Nursing Services
$827,185
Risk Strategies Company
Insurance
$794,700
Us Food Service
Food Services
$606,817
The Medical Protective Company
Insurance
$443,374
Broad River Rehabilitation Services
Therapy Services
$1,065,707
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $4,216,500
All other contributions, gifts, grants, and similar amounts not included above$159,603
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,376,103
Total Program Service Revenue$15,877,079
Investment income $6,367
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$6,898
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $21,992,512

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Presbyterian Homes And Services Of Ky Inc has recieved totaling $218,746.

Awarding OrganizationAmount
The Community Foundation Of Louisville Inc

Louisville, KY

PURPOSE: P75 SENIOR CONTINUING CARE COMMUNITIES

$103,351
The Community Foundation Of Louisville Inc

Louisville, KY

PURPOSE: P75 SENIOR CONTINUING CARE COMMUNITIES

$103,351
Honorable Order Of Kentucky Colonels Inc

Louisville, KY

PURPOSE: GENERAL SUPPORT

$12,044
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$106,757
Earnings$13,214
Ending Balance$119,971

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