Palmer Home Inc
- Assets
- $5.3m
- Revenue
- $796.3k
- Investments
- $5.1m
- Employees
- 0
- Location
- Dover, DE
- Founding
- 01/1967
- Data as of
- 02/2022
- EIN
- 51-0066737
Organization Overview
Palmer Home Inc is located in Dover, DE. The organization was established in 1967. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Palmer Home 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 02/2022, Palmer Home Inc generated $796.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $392.2k during the year ending 02/2022. While expenses have increased by 1.6% per year over the past 5 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.
Since 2020, Palmer Home Inc has awarded 48 individual grants totaling $960,364. 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
ORGANIZATION RESEARCHES AND INTERVIEWS VARIOUS ORGANIZATIONS WHOSE MISSION IS TO ASSIST THE ELDERLY. THEN CONTRIBUTIONS ARE DETERMINED AND PAID TO OTHER 501C (3) TAX-EXEMPT ORGANIZATIONS TO BENEFIT THE ELDERLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Whitney Arthur Vice Preside | 1 | $0 | |
Jean Hitchens Finance | 1 | $0 | |
Yvonne B Heisler Director | 1 | $0 | |
Ellen Harbeson Secretary | 1 | $0 | |
Jean Deleo Director | 1 | $0 | |
Carol Braverman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $41,020 |
| Interest on Savings | $25,683 |
| Dividends & Interest | $111,970 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $619,579 |
| Capital Gain Net Income | $619,579 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,974 |
| Total Revenue | $796,278 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,385 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $360 |
| Total operating and administrative expenses | $72,176 |
| Contributions, gifts, grants paid | $320,000 |
| Total expenses and disbursements | $392,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $193,962 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,263,161 |
| Accounts payable and accrued expenses | $3,706 |
| 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 | $3,706 |
Grants Awarded
Over the last fiscal year, Palmer Home Inc has awarded $320,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
FOOD BANK OF DE PURPOSE: BENEFIT ELDERLY | $50,000 |
MODERN MATURITY SENIOR CE PURPOSE: BENEFIT ELDERLY | $49,000 |
DELAWARE HOSPICE PURPOSE: BENEFIT ELDERLY | $36,000 |
Camden, DE PURPOSE: BENEFIT ELDERLY | $35,000 |
Frederica, DE PURPOSE: BENEFIT ELDERLY | $30,000 |
Harrington, DE PURPOSE: BENEFIT ELDERLY | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baltimore Regional Housing Partnership Inc Baltimore, MD | $17,869,604 | $87,260,949 |
Communities Of Don Guanella And Divine Providence Philadelphia, PA | $32,652,793 | $61,764,962 |
Medstar Ambulatory Services Inc Columbia, MD | $191,556,915 | $22,068,997 |
Arc Ocean County Chapter Lakewood, NJ | $28,493,804 | $32,257,873 |
Center For Community Action Everett, PA | $8,701,097 | $31,029,882 |
Oxford House Inc Silver Spring, MD | $6,662,269 | $22,312,565 |
Dogwood Housing Inc North Bethesda, MD | $86,669,090 | $22,202,788 |
Wellspan Properties Inc York, PA | $178,389,137 | $19,225,192 |
Rebecca Residence Allison Park, PA | $63,370,668 | $20,665,205 |
Alliance For Behavioral & Developmental Disabilities Ltd Hermitage, PA | $7,380,317 | $14,591,071 |
National Foundation For Affordable Housing Solutions Inc North Bethesda, MD | $263,616,606 | $53,198,670 |
Magnolia Housing Inc North Bethesda, MD | $6,233,975 | $1,178,678 |