Chastain Home For Gentlewomen
- Assets
- $6.0m
- Revenue
- $740.2k
- Investments
- $5.6m
- Employees
- 0
- Location
- Halifax, VA
- Founding
- 10/2005
- Data as of
- 06/2024
- EIN
- 20-2949635
Organization Overview
Chastain Home For Gentlewomen is located in Halifax, VA. The organization was established in 2005. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chastain Home For Gentlewomen 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, Chastain Home For Gentlewomen generated $740.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $714.3k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Chastain Home For Gentlewomen has awarded 72 individual grants totaling $382,060. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING HOME FOR ELDERLY WOMEN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
The Hon Michael M Rand President | 0 | $0 | |
Tucker Henley Trustee | 0 | $0 | |
Hugh G Edmunds Jr Trustee | 0 | $0 | |
Carl Espy IV Secretary | 0 | $0 | |
Jane Carlton Confroy Treasurer | 0 | $0 | |
Connie Zamora Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $48,746 |
| Dividends & Interest | $294,882 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $365,122 |
| Capital Gain Net Income | $365,122 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31,479 |
| Total Revenue | $740,229 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,480 |
| Other employee salaries and wages | $305,915 |
| Pension plans, employee benefits | $0 |
| Interest | $4,359 |
| Taxes | $40,105 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,433 |
| Printing and publications | $0 |
| Other expenses | $232,332 |
| Total operating and administrative expenses | $684,338 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $714,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,913 |
| Savings and temporary cash investments | $393,934 |
| 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 | $472,631 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,020,994 |
| Accounts payable and accrued expenses | $4,104 |
| 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 | $4,104 |
Grants Awarded
Over the last fiscal year, Chastain Home For Gentlewomen has awarded $30,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
HALIFAX RESCUE SQUAD PURPOSE: GENERAL DONATION | $5,000 |
HALIFAX VOLUNTEER FIRE DEPARTMENT PURPOSE: GENERAL DONATION | $5,000 |
HALIFAX COUNTY AMERICAN RED CROSS PURPOSE: GENERAL DONATION | $3,000 |
HALIFAX POLICE DEPARTMENT PURPOSE: GENERAL DONATION | $5,000 |
HALIFAX COUNTY-SOUTH BOSTON REGINOAL LIBRARY PURPOSE: GENERAL DONATION | $3,000 |
MAIN STREET UNITED METHODIST CHURCH PURPOSE: GENERAL DONATION | $1,000 |