Presbyterian Homes Of Tennessee Inc
- Assets
- $109.3m
- Revenue
- $32.4m
- Investments
- $658.6k
- Employees
- 670
- Location
- Knoxville, TN
- Founding
- 08/1965
- Data as of
- 12/2021
- EIN
- 62-0698709
Organization Overview
Presbyterian Homes Of Tennessee Inc is located in Knoxville, TN. The organization was established in 1965. 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 Of Tennessee Inc employed 670 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian Homes Of Tennessee 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 Of Tennessee Inc generated $32.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $36.3m during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OWNS AND OPERATES TWO CONTINUING CARE RETIREMENT COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR HEALTH CARE CENTER COMMUNITIES IN KNOXVILLE AND MARYVILLE PROVIDE A SAFE AND LOVING ENVIRONMENT FOR SENIORS IN NEED OF MEDICAL ASSISTANCE AND MONITORING IN THE COMFORT OF A PRIVATE ROOM. WITH CONVENIENCES LIKE AN ON-SITE PHARMACY, BARBER/BEAUTY SALON AND REHABILITATION SERVICES TO ENHANCE WELL-BEING AND RECOVERY, SENIORS FEEL MORE AT HOME.(CONTINUED ON SCHEDULE O)FEATURES AND AMENITIES:- EMERGENCY CALL SYSTEM IN EVERY ROOM- A WIDE VARIETY OF SOCIAL ACTIVITIES- PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY- BEAUTY AND BARBER SALON WITH PROFESSIONAL STYLISTS (KNOXVILLE LOCATION)- ON-SITE PHARMACY- DENTAL AND PODIATRY SERVICES
AT SHANNONDALE, WE OFFER INDEPENDENT LIVING OPTIONS NESTLED IN THE FOOTHILLS OF THE GREAT SMOKY MOUNTAINS IN BOTH KNOXVILLE AND MARYVILLE. HERE, RESIDENTS RETAIN THE INDEPENDENCE OF LIVING IN THEIR OWN PRIVATE HOME WITHOUT THE WORRIES OF MAINTAINING A HOME. OUR RESIDENCY AGREEMENT OFFERS LIFETIME USE OF THE RESIDENCE WITH ASSURED MAINTENANCE AND SECURITY WITH USE OF HIGHER LEVELS OF CARE, IF NEEDED. RESIDENTS CAN MOVE EASILY BETWEEN THE LEVEL OF CARE THEY MAY NEED AT THE TIME, FROM SHORT-TERM REHAB TO ASSISTED OR SKILLED NURSING.(CONTINUED ON SCHEDULE O)FEATURES AND AMENITIES:- HOME MAINTENANCE- TRANSPORTATION- COMMUNITY CLUBHOUSE- FULL SLATE OF SOCIAL EVENTS- FITNESS PROGRAMS- MEDICAL ASSISTANCE- DINING OPTIONS- EMERGENCY CALL SYSTEM- INDOOR POOL ON CAMPUS
SENIORS IN ASSISTED LIVING HAVE THIER OWN PRIVATE ROOMS WITH A CARING STAFF WITHIN A BUTTON'S REACH AWAY. ASSISTED LIVING IS BEST FOR SENIORS WHO MAY NEED A PARTNER TO HELP WITH DAILY TASKS OF LIVING, FROM SIMPLE HOUSEKEEPING AND NUTRITIOUS MEALS TO HYGIENE, HEALTH CARE, AND MEDICATION MANAGEMENT. (CONTINUED ON SCHEDULE O) THE KNOXVILLE AND MARYVILLE CAMPUSES ARE BOTH LOCATED NEAR PARKS, SHOPPING CENTERS, HOSPITALS, CHURCHES AND MORE, WITH TRANSPORTATION ASSISTANCE AVAILABLE WHEN NEEDED. THE COMMUNITIES PROVIDE QUIET, PEACEFUL, PRIVATE ENVIRONMENTS, WHERE RESIDENTS CAN RECEIVE THE PERSONAL AND MEDICAL ASSISTANCE THEY MAY NEED, WHILE STILL MAINTAINING A PLEASANT AND SOCIALLY ENGAGING LIFESTYLE. LICENSED NURSES AND NURSING ASSISTANTS ARE AVAILABLE ANY TIME OF DAY OR NIGHT TO PROVIDE PERSONAL, MEDICAL AND EMERGENCY CARE. AN EMERGENCY CALL SYSTEM IS IN EACH BEDROOM AND BATHROOM, SHOULD A MEDICAL NEED ARISE. RESIDENTS CAN ALSO EASILY TRANSITION BETWEEN THE SHANNONDALE HEALTH CARE CENTER AND ASSISTED LIVING CENTER WHEN AN INCREASED LEVEL OF MEDICAL CARE IS NEEDED. RESIDENTS LIVE AN INDEPENDENT LIFESTYLE WITH ALL THE AMENITIES NEEDED TO MAKE LIFE AS EASY AND CAREFREE AS POSSIBLE. THREE DELICIOUS MEALS ARE SERVED EACH DAY IN THE BEAUTIFUL DINING ROOM AND WEEKLY HOUSEKEEPING IS OFFERED SO RESIDENTS CAN SPEND TIME PURSUING HOBBIES OR VISITING WITH FRIENDS. A FULL CALENDAR OF WELLNESS AND SOCIAL ACTIVITIES ARE PROVIDED BY THE CARING AND EXPERIENCED STAFF SO RESIDENTS CAN DESIGN THEIR OWN DAY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Taylor President/ceo | Officer | 40 | $249,210 |
Keith Mccord Vice President | Officer | 40 | $166,661 |
Wynn Shelton Director Of Pharmacy | 40 | $136,194 | |
David Maxwell Vice President | 40 | $132,923 | |
Clay Fiegle Director Of Rehab | 40 | $117,320 | |
Sandy Martin Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tdh Construction Inc Building Construction | 12/30/21 | $677,212 |
The Christman Company Building Construction | 12/30/21 | $6,913,326 |
Sas Home Improvements And Remodeling Llc Building Construction | 12/30/21 | $305,044 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,591,585 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,072 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,610,657 |
| Total Program Service Revenue | $24,083,841 |
| Investment income | $237,158 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $342,475 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,362,942 |
| 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. | $415,871 |
| Compensation of current officers, directors, key employees. | $415,871 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,750,384 |
| Pension plan accruals and contributions | $157,009 |
| Other employee benefits | $2,550,455 |
| Payroll taxes | $1,238,941 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $102,982 |
| Fees for services: Accounting | $93,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,694 |
| Fees for services: Other | $418,658 |
| Advertising and promotion | $0 |
| Office expenses | $513,259 |
| Information technology | $185,237 |
| Royalties | $0 |
| Occupancy | $2,852,748 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,280,306 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,485,159 |
| Insurance | $922,946 |
| All other expenses | $911,297 |
| Total functional expenses | $36,285,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,219,945 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,375,226 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $316,364 |
| Prepaid expenses and deferred charges | $134,487 |
| Net Land, buildings, and equipment | $95,609,093 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $658,635 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,006,840 |
| Total assets | $109,320,590 |
| Accounts payable and accrued expenses | $5,057,886 |
| Grants payable | $0 |
| Deferred revenue | $50,978,884 |
| Tax-exempt bond liabilities | $52,589,757 |
| 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 | $5,984,676 |
| Total liabilities | $114,611,203 |
| Net assets without donor restrictions | -$5,561,861 |
| Net assets with donor restrictions | $271,248 |
| 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 | $109,320,590 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ashby Ponds Inc Ashburn, VA | $1,081,002,554 | $105,782,483 |
Greenspring Village Inc Springfield, VA | $635,246,519 | $86,958,670 |
Goodwin House Incorporated Alexandria, VA | $441,770,291 | $109,508,883 |
John Knox Village Lees Summit, MO | $177,748,432 | $73,269,206 |
Westminster-Canterbury Corporation Richmond, VA | $326,286,753 | $77,739,552 |
Virginia United Methodist Homes Inc Glen Allen, VA | $253,887,875 | $70,234,834 |
Westminster-Canterbury On Chesapeake Bay Virginia Beach, VA | $226,856,514 | $70,077,492 |
Givens Estates Inc Asheville, NC | $338,452,219 | $72,683,846 |
Friendship Village Of South County St Louis, MO | $305,494,367 | $44,131,100 |
Methodist Home For The Aging Birmingham, AL | $118,213,803 | $51,510,138 |
Presbyterian Homes Inc Colfax, NC | $256,348,828 | $62,438,008 |
Aldersgate United Methodist Retirement Community Inc Charlotte, NC | $165,248,151 | $44,725,662 |