Presbyterian Home At Charlotte Inc

Organization Overview

Presbyterian Home At Charlotte Inc is located in Charlotte, NC. The organization was established in 1965. 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. As of 12/2021, Presbyterian Home At Charlotte Inc employed 424 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian Home At Charlotte 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 12/2021, Presbyterian Home At Charlotte Inc generated $32.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $26.1m during the year ending 12/2021. While expenses have increased by 4.6% 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.

Since 2018, Presbyterian Home At Charlotte Inc has awarded 36 individual grants totaling $1,984,709. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

WE ENRICH RESIDENTS' LIVES BY PROVIDIING A NURTURING ENVIRONMENT WITH JOY, PURPOSE, AND WELL-BEING

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PRESBYTERIAN HOME AT CHARLOTTE, INC. PROVIDES HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO RESIDENTS THROUGH THE OPERATION OF A RETIREMENT FACILITY WHICH AT DECEMBER 31, 2021, CONTAINED 212 INDEPENDENT LIVING UNITS, 40 ASSISTED LIVING UNITS, AND A 96 BED HEALTH CARE CENTER (24 HEALTH CARE BEDS OUT OF SERVICE DURING CONSTRUCTION).


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Us Food Service
Food Service
$980,895
Messer Construction
Construction
$30,466,927
Ross Allen Builders
Construction
$2,072,697
Healthpro Heritage
Therapy Services
$969,983
Gmk Associates
Interior Design
$777,265
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,382,253
All other contributions, gifts, grants, and similar amounts not included above$1,677,831
Noncash contributions included in lines 1a–1f $208,239
Total Revenue from Contributions, Gifts, Grants & Similar$3,060,084
Total Program Service Revenue$26,380,998
Investment income $808,552
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,315,868
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $32,938,092

Grants Awarded

Over the last fiscal year, Presbyterian Home At Charlotte Inc has awarded $573,091 in support to 11 organizations.

Grant RecipientAmount

ALZHEIMER'S ASSOCIATION

Org PageRecipient Profile

Charlotte, NC

PURPOSE: WALK TO END ALZHEIMER'S AND DEMENTIA EDUCATION

$165,350

UNC CHARLOTTE

PURPOSE: SUPPORT UNCC PROGRAM TO PROVIDE UNDERSERVED SENIORS WITH PERSONALIZED HEALTH ASSESSMENTS

$111,255

Charlotte, NC

PURPOSE: SUPPORT FOR A WIDE VARIETY OF SERVICES TO INDIVIDUALS WITH INTELLECTUAL AND MENTAL DEFICITS

$100,000

AMERICA'S CHARITIES

Org PageRecipient Profile

Chantilly, VA

PURPOSE: EMPLOYEE HARDSHIP FUND FOR STAFF EXPERIENCING HARDSHIPS DUE TO COVID OR OTHER FINANCIAL DIFFICULTIES

$52,000

CRISIS ASSISTANCE

PURPOSE: TO PROVIDE ASSISTANCE AND ADVOCACY FOR PEOPLE IN FINANCIAL CRISIS, HELPING THEM MOVE TOWARD SELF-SUFFICIENCY

$29,486

Charlotte, NC

PURPOSE: HOME DELIVERED MEALS TO THOSE IN NEED

$25,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Presbyterian Home At Charlotte Inc has recieved totaling $145,221.

Awarding OrganizationAmount
Foundation For The Carolinas

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$129,793
Hardy Romola Davis Char Tr 75664200

Las Vegas, NV

PURPOSE: GENERAL OPERATING

$6,900
$5,236
Herschel H And Cornelia N Everett Foundation 1019897443

Greensboro, NC

PURPOSE: GENERAL OPERATING

$2,000
John W And Frances W Rosebro Foundation

Orlando, FL

PURPOSE: GENERAL FUNDS

$1,192
The Duke Energy Foundation

Charlotte, NC

PURPOSE: MATCHING GIFTS

$100
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,032,006
Earnings$387,526
Other Expense$387,526
Ending Balance$3,032,006

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