Greene County Retirement System Inc
- Assets
- $538.4k
- Revenue
- $426.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Tupelo, MS
- Founding
- 10/1984
- Data as of
- 12/2022
- EIN
- 64-0695672
Organization Overview
Greene County Retirement System Inc is located in Tupelo, MS. The organization was established in 1984. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Greene County Retirement System Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greene County Retirement System 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 12/2022, Greene County Retirement System Inc generated $426.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $368.1k during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GREENE COUNTY RETIREMENT SYSTEMS, INC.'S MISSION IS TO PROVIDE HOUSING AND PERSONAL CARE SERVICES TO THE ELDERLY OR DISABLED IN THE SPIRIT OF CHRISTIAN LOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SURROUNDED BY THE BEAUTY OF NATURE, TURNER-MEMORIAL RETIREMENT VILLAGE ENABLES RESIDENTS TO COMBINE THEIR GOALS OF LIVING INDEPENDENTLY IN THE COUNTRY AND ENJOY THE SECURITY OF HAVING NEIGHBORS NEARBY. THE ATMOSPHERE FOUND AT TURNER-MEMORIAL IS MOST OFTEN DESCRIBED AS "FAMILY", SINCE RESIDENTS COME TO SHARE COMMON HOPES AND INTERESTS AND TURN TO EACH OTHER AND THE STAFF FOR GENUINE CARE AND FELLOWSHIP. EVEN THOUGH TIME TO SPEND WITH FRIENDS IS ABUNDANT, THE PRIVACY OF YOUR OWN APARTMENT IS ALWAYS AVAILABLE. TURNER-MEMORIAL IS AN INTIMATE COMMUNITY OF THIRTY APARTMENT HOMES FOR PERSONS 62 AND OLDER WHOSE INCOME, HANDICAP OR DISABILITY QUALIFIES THEM FOR RESIDENCY. TURNER-MEMORIAL'S STAFF STRIVES EVERY DAY TO LIVE OUT THE MISSION TO SERVE OLDER ADULTS IN THE SPIRIT OF CHRISTIAN LOVE. TURNER-MEMORIAL BELIEVES THAT IF IT CARES ABOUT THE ELDERS, THEY WILL PASS THE ATTITUDE ALONG TO EACH OTHER. TURNER-MEMORIAL PROVIDES BOTH STUDIO AND ONE-BEDROOM APARTMENTS, WITH THREE SPECIFICALLY SUITED FOR HANDICAPPED RESIDENTS. EACH APARTMENT INCLUDES COMPLETE KITCHEN, PRIVATE BATH, STORAGE SPACE, AND PERSONAL PATIO/GARDEN. TURNER-MEMORIAL STAFF PROVIDES SECURITY AND AN AMPLE VARIETY OF ACTIVITIES AND SPECIAL EVENTS INCLUDING WORSHIP AND STUDY OPPORTUNITIES, LOCAL CLERGY LEADERSHIP, MONTHLY BIRTHDAY PARTIES, CRAFTS, EXERCISE PROGRAMS, AND SING-A-LONGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Mcalilly President/ceo | OfficerTrustee | 1 | $0 |
Christie Vance Vice Pres/coo | OfficerTrustee | 1 | $0 |
Lisa Crager Executive Director | OfficerTrustee | 40 | $0 |
Myron Schilling Board Member | Trustee | 0.25 | $0 |
Victor Chatham Board Member | Trustee | 0.25 | $0 |
Shelley Eubanks Chairman | Trustee | 0.25 | $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 | $423,687 |
| Investment income | $2,636 |
| 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 | $426,323 |
| 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 | $94,771 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,563 |
| Payroll taxes | $7,200 |
| Fees for services: Management | $24,540 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,676 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,103 |
| Advertising and promotion | $1,797 |
| Office expenses | $15,282 |
| Information technology | $5,135 |
| Royalties | $0 |
| Occupancy | $53,973 |
| Travel | $5,682 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $303 |
| Interest | $35,605 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,022 |
| Insurance | $10,847 |
| All other expenses | $3,095 |
| Total functional expenses | $368,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,786 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $594 |
| 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 | $2,421 |
| Net Land, buildings, and equipment | $315,754 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $209,814 |
| Total assets | $538,369 |
| Accounts payable and accrued expenses | $11,202 |
| 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 | $359,714 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $95,445 |
| Total liabilities | $466,361 |
| Net assets without donor restrictions | $72,008 |
| 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 | $538,369 |