Petersburg Home For Ladies Inc
- Assets
- $12.5m
- Revenue
- $2.8m
- Investments
- $10.4m
- Employees
- 0
- Location
- Petersburg, VA
- Founding
- 01/1982
- Data as of
- 12/2022
- EIN
- 54-0515720
Organization Overview
Petersburg Home For Ladies Inc is located in Petersburg, VA. The organization was established in 1982. 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. Petersburg Home For Ladies 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, Petersburg Home For Ladies Inc generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2022. 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
THE FOUNDATION OPERATES A RESIDENTIAL HOME FOR ELDERLY LADIES PROVIDING COMFORT AND CARE FOR APPROXIMATELY 50 FULL TIME RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrs Maureen Mcclure Director | 1 | $0 | |
Mrs Barbara Finney President | 1 | $0 | |
Mrs Carolyn Brown First Vice President | 1 | $0 | |
Mrs Jonnee Sue Grizzard Treasurer | 1 | $0 | |
Mrs Wendy Stevens Secretary | 1 | $0 | |
Mrs Elizabeth Johnson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $198 |
| Dividends & Interest | $191,766 |
| Net Rental Income | -$8,015 |
| Net Gain on Sale of Assets | -$158,411 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,688,380 |
| Total Revenue | $2,752,733 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $96,024 |
| Other employee salaries and wages | $2,624,256 |
| Pension plans, employee benefits | $605,496 |
| Interest | $0 |
| Taxes | $21,697 |
| Depreciation | $198,761 |
| Occupancy | $122,849 |
| Travel, conferences, and meetings | $9,811 |
| Printing and publications | $0 |
| Other expenses | $816,323 |
| Total operating and administrative expenses | $4,525,527 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,525,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $410,954 |
| 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 | $2,249 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $68,041 |
| Investments—mortgage loans | $0 |
| Investments—other | $524,565 |
| Net Land, buildings, and equipment | $1,634,166 |
| Other assets | $0 |
| Total assets | $12,494,153 |
| Accounts payable and accrued expenses | $0 |
| 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 | $11,921 |
| Total liabilities | $11,921 |