Presbyterian Homes Of Decatur Inc

Organization Overview

Presbyterian Homes Of Decatur Inc is located in Decatur, AL. The organization was established in 1982. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Presbyterian Homes Of Decatur 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 06/2024, Presbyterian Homes Of Decatur Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.4m during the year ending 06/2024. While expenses have increased by 2.8% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE LOW INCOME HOUSING

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE LOW-INCOME HOUSING (101 1BR APTS.) UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND REGULATED BY HUD. LAUNDRY FACILITIES ARE PROVIDED AS A CONVENIENCE TO THE TENANTS.


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Board, Officers & Key Employees

Name (title)Compensation
Charles Guyton
Director
$0
Sara Bush
Director
$0
Tom Meier
Director
$0
Linda Grissom
Director
$0
Carolyn Shelton
Director
$0
Andrew Matthews
Director
$0

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$1,293,524
Investment income $2,252
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,295,776

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