Methodist Home For The Aging
- Assets
- $1.7m
- Revenue
- $239.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 04/1964
- Data as of
- 06/2021
- EIN
- 63-1194446
Organization Overview
Methodist Home For The Aging is located in Birmingham, AL. The organization was established in 1964. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Methodist Home For The Aging 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 06/2021, Methodist Home For The Aging generated $239.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $312.4k during the year ending 06/2021. While expenses have increased by 16.0% per year over the past 6 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
TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME ELDERLY AND HANDICAPPED
Describe the Organization's Program Activity:
Part 3 - Line 4a
A FORTY UNIT LOW INCOME HOUSING FACILITY FOR THE ELDERLY AND HANDICAPPED THAT PROVIDES AFFORDABLE HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Giles Mha-Coo | OfficerTrustee | 0 | $0 |
Doug Newton Vice Chair | OfficerTrustee | 0 | $0 |
Terrye Takacs Secretary | OfficerTrustee | 0 | $0 |
Betty Salter Chair | OfficerTrustee | 0 | $0 |
W Bruce Akins Cfp-Mha | Officer | 0 | $0 |
Christopher Tomlin Ceo-Mha | Officer | 0 | $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 | $239,521 |
| Investment income | $25 |
| 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 | $239,546 |
| 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 | $28,112 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $628 |
| Payroll taxes | $2,022 |
| Fees for services: Management | $19,514 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $167 |
| Office expenses | $7,228 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,560 |
| Travel | $3,253 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,596 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,603 |
| Insurance | $28,983 |
| All other expenses | $4,586 |
| Total functional expenses | $312,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,033 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,667 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,580 |
| Net Land, buildings, and equipment | $1,562,394 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $86,802 |
| Total assets | $1,687,476 |
| Accounts payable and accrued expenses | $128,005 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $752,779 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,057 |
| Total liabilities | $897,841 |
| Net assets without donor restrictions | $789,635 |
| Net assets with donor restrictions | $0 |
| 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 | $1,687,476 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Methodist Home For The Aging has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Hill Crest Foundation Inc Mountain Brook, AL PURPOSE: SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cornerstone Hospice & Palliative Care Inc Tavares, FL | $81,907,139 | $88,879,858 |
John Knox Village Of Florida Inc Pompano Beach, FL | $388,984,733 | $61,308,689 |
Naval Continuing Care Retirement Foundation Inc Atlantic Beach, FL | $325,372,144 | $53,968,868 |
Methodist Home For The Aging Birmingham, AL | $118,213,803 | $51,510,138 |
Lenbrook Square Foundation Inc Atlanta, GA | $291,448,667 | $46,078,205 |
Cypress Cove At Healthpark Florida Inc Fort Myers, FL | $165,133,632 | $33,291,550 |
Glenridge On Palmer Ranch Inc Jacksonville, FL | $194,012,729 | $37,245,180 |
John Knox Village Of Central Florida Inc Orange City, FL | $183,731,535 | $56,317,098 |
Oak Hammock At The University Of Florida Inc Gainesville, FL | $123,521,355 | $38,928,213 |
Gulf Care Inc Cape Coral, FL | $96,060,136 | $33,635,859 |
Presbyterian Homes Of Tennessee Inc Knoxville, TN | $109,320,590 | $32,362,942 |
Trezevant Episcopal Home Memphis, TN | $115,088,411 | $33,520,446 |