Mary Galloway Home
- Assets
- $8.2m
- Revenue
- $683.8k
- Investments
- $8.0m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 03/1935
- Data as of
- 12/2021
- EIN
- 62-0536730
Organization Overview
Mary Galloway Home is located in Memphis, TN. The organization was established in 1935. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary Galloway Home 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, Mary Galloway Home generated $683.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $918.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SUBSIDIZED LIVING FACILITY FOR RETIRED WOMEN WITH FINANCIAL NEEDS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Williford Corresponding Secretary | 0 | $0 | |
Jo Lynn Jones Recording Secretary | 0 | $0 | |
Toni Parker Treasurer | 0 | $0 | |
Brenda Antwine Director | 0 | $0 | |
Rita West Vice President | 0 | $0 | |
Patti Bland Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200 |
| Interest on Savings | $0 |
| Dividends & Interest | $324,057 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $137,683 |
| Capital Gain Net Income | $137,683 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $221,867 |
| Total Revenue | $683,807 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $23,729 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,402 |
| Depreciation | $600 |
| Occupancy | $568,205 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $95,927 |
| Total operating and administrative expenses | $718,096 |
| Contributions, gifts, grants paid | $200,000 |
| Total expenses and disbursements | $918,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $61,252 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $58,499 |
| Net Land, buildings, and equipment | $600 |
| Other assets | $162,747 |
| Total assets | $8,227,534 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mary Galloway Home has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
J Bayard Snowden Insurance Trust Orlando, FL PURPOSE: GENERAL OPERATING | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Home-Hickory West Inc Salisbury, NC | $4,616,109 | $14,117,518 |
Lutheran Home - Wilmington Inc Salisbury, NC | $3,485,965 | $12,654,546 |
Community Affordable Housing Equity Corporation Raleigh, NC | $30,228,876 | $11,307,712 |
Metropolitan Lutheran Ministry Kansas City, MO | $5,622,627 | $11,500,052 |
Healing Place Inc Louisville, KY | $37,666,074 | $13,853,449 |
Open Doors Homeless Coalition Gulfport, MS | $1,664,435 | $10,386,178 |
Lutheran Home-Albemarle Inc Salisbury, NC | $5,090,743 | $9,142,249 |
Chambliss Center For Children Chattanooga, TN | $13,773,339 | $7,553,657 |
Southeast Alabama Community Action Partnership Inc Enterprise, AL | $872,465 | $5,704,500 |
Passage Home Inc Raleigh, NC | $13,185,958 | $5,411,567 |
Covenant House Georgia Inc Atlanta, GA | $22,755,199 | $6,304,494 |
Seacliff Village Shopping Center Inc Charlotte, NC | $151,078,311 | $8,901,233 |