Old Ladies Home
- Assets
- $5.2m
- Revenue
- $1.2m
- Investments
- $2.5m
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 01/1941
- Data as of
- 12/2022
- EIN
- 23-7082862
Organization Overview
Old Ladies Home is located in Lexington, KY. The organization was established in 1941. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Old Ladies Home 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, Old Ladies Home generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ROOM AND BOARD FOR ELDERLY, LOW AND MODERATE INCOME WOMEN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie Smart President | 1 | $0 | |
Graham Rowles Vice-President | 1 | $0 | |
Marilyn Gall Secretary | 1 | $0 | |
Sharon Holbrook Treasurer | 1 | $0 | |
Jennifer Larkin Director | 1 | $0 | |
Jane Fields Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $349,072 |
| Interest on Savings | $0 |
| Dividends & Interest | $61,069 |
| Net Rental Income | $74,241 |
| Net Gain on Sale of Assets | $124,647 |
| Capital Gain Net Income | $124,647 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $566,680 |
| Total Revenue | $1,175,709 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,479 |
| Other employee salaries and wages | $474,223 |
| Pension plans, employee benefits | $103,232 |
| Interest | $0 |
| Taxes | $41,238 |
| Depreciation | $103,125 |
| Occupancy | $52,935 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $382,689 |
| Total operating and administrative expenses | $1,255,075 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,255,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,652 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $5,858 |
| 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 | $41,772 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $364,819 |
| Net Land, buildings, and equipment | $2,061,379 |
| Other assets | $359,471 |
| Total assets | $5,168,817 |
| Accounts payable and accrued expenses | $78,053 |
| 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 | $10,450 |
| Total liabilities | $88,503 |