Old Ladies Home Association
- Assets
- $44.2m
- Revenue
- $2.1m
- Investments
- $20.7m
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 07/1948
- Data as of
- 03/2022
- EIN
- 64-0303089
Organization Overview
Old Ladies Home Association is located in Jackson, MS. The organization was established in 1948. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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. Old Ladies Home Association 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 03/2022, Old Ladies Home Association generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $2.4m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Old Ladies Home Association has awarded 21 individual grants totaling $12,418,869. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FOR THE CARE OF THE ELDERLY, DESTITUTE AND DISABLED IN THE STATE OF MISSISSIPPI PRIMARILY THROUGH DIRECT FINANCIAL ASSISTANCE TO OTHER NON-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne W Rogers President | 0.25 | $0 | |
Charlotte W Mcneel Secretary | 0.25 | $0 | |
Anne P Wells Treasurer | 0.25 | $0 | |
Marilyn M Mcclendon Director | 0.25 | $0 | |
Sallie R Moseley Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $521,931 |
| Interest on Savings | $253,056 |
| Dividends & Interest | $295,020 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,414,004 |
| Capital Gain Net Income | $1,414,004 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$411,925 |
| Total Revenue | $2,072,086 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65,570 |
| Total operating and administrative expenses | $135,494 |
| Contributions, gifts, grants paid | $2,300,100 |
| Total expenses and disbursements | $2,435,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $877,012 |
| 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 | $20,688,487 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $22,607,228 |
| Total assets | $44,172,727 |
| 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 Awarded
Over the last fiscal year, Old Ladies Home Association has awarded $2,300,100 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WILLARD F BOND HOME PURPOSE: NURSING HOME | $2,250,100 |
METHODIST REHABILITATION CENTER PURPOSE: MEDICAL REHABILITATION | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Old Ladies Home Association has recieved totaling $8,532.
| Awarding Organization | Amount |
|---|---|
Mississippi United Methodist Foundation Inc Ridgeland, MS PURPOSE: FULFILL CHARITABLE INTENT OF ENDOWMENT | $8,532 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lake Forest Prop Owners Assoc Lake Forest Maring Daphne, AL | $5,004,953 | $3,380,407 |
Guste Homes Resident Management Corporation New Orleans, LA | $5,247,475 | $2,941,499 |
Old Ladies Home Association Jackson, MS | $44,172,727 | $2,072,086 |
Alabama Forest Owners Assn Birmingham, AL | $1,282,916 | $2,201,330 |
Alabama Manufactured Housing Association Inc Montgomery, AL | $3,198,962 | $1,032,930 |
Lakewood Property Owners Association North Little Rock, AR | $121,650 | $825,895 |
Louisiana Manufactured Housing Association Inc Baton Rouge, LA | $2,863,188 | $1,048,656 |
Acadian Home Builders Association Inc Lafayette, LA | $1,215,159 | $907,434 |
Home Builders Association Of Mobile Inc Mobile, AL | $872,331 | $540,347 |
Home Builders Association Of Northwest Louisiana Shreveport, LA | $352,669 | $398,196 |
Greater Montgomery Home Builders Association Inc Montgomery, AL | $2,019,923 | $534,042 |
Lake Rosemound Association Inc St Francisville, LA | $911,744 | $241,352 |