The Home Place Of Madison
- Assets
- $6.7m
- Revenue
- $712.8k
- Investments
- $0.0
- Employees
- 53
- Location
- Madison, MS
- Founding
- 09/1948
- Data as of
- 05/2023
- EIN
- 64-0327015
Organization Overview
The Home Place Of Madison is located in Madison, MS. The organization was established in 1948. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 05/2023, Home Place Of Madison employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home Place Of Madison 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 05/2023, Home Place Of Madison generated $712.8k 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 (19.7%) each year. All expenses for the organization totaled $791.9k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (14.8%) per year over the past 7 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO COORDINATE AND DELIVER SERVICES THAT MEET THE CHANGING NEEDS OF OLDER ADULTS; TO HELP THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CARE FOR APPROXIMATELY 60 ELDERLY INDIVIDUALS. THE PERSONAL CARE AND INDEPENDENT LIVING FACILITIES WERE SOLD EFFECTIVE AUGUST 31, 2022.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Butler Director | Trustee | 1 | $0 |
Wallace Collins Treasurer | OfficerTrustee | 5 | $0 |
James Hood Co-Chair | Trustee | 1 | $0 |
Paula Jackson Director | Trustee | 1 | $0 |
Janie Jarvis Director | Trustee | 1 | $0 |
Andrew Mattice Director | Trustee | 1 | $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 | $58,730 |
| Noncash contributions included in lines 1a–1f | $5,828 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,730 |
| Total Program Service Revenue | $261,073 |
| Investment income | -$4,812 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $384,839 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $712,842 |
| 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 | $217,502 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,903 |
| Payroll taxes | $20,342 |
| Fees for services: Management | $35,000 |
| Fees for services: Legal | $71,491 |
| Fees for services: Accounting | $26,418 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,862 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $718 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,081 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,973 |
| Insurance | $94,019 |
| All other expenses | $0 |
| Total functional expenses | $791,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,360,462 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $63,076 |
| Investments—publicly traded securities | $5,291,611 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,715,149 |
| Accounts payable and accrued expenses | $4,101 |
| Grants payable | $0 |
| Deferred revenue | $51,350 |
| 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 | $13,660 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $69,111 |
| Net assets without donor restrictions | $6,256,938 |
| Net assets with donor restrictions | $389,100 |
| 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 | $6,715,149 |