Presbyterian Home At Charlotte Inc
- Assets
- $213.9m
- Revenue
- $32.9m
- Investments
- $0.0
- Employees
- 424
- Location
- Charlotte, NC
- Founding
- 04/1965
- Data as of
- 12/2021
- EIN
- 56-6064186
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.
Form
990
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Moffat Exec Director | Officer | 40 | $323,924 |
Angela Rigsbee COO | Officer | 40 | $195,427 |
Charles R Gaskins CFO | Officer | 40 | $193,933 |
Ann Marie Ladis Director Of Marketing | 40 | $119,878 | |
Elizabeth Byrd VP Nursing Services | 40 | $113,285 | |
Cory Stepanski Director Of Facility Services | 40 | $112,797 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ross Allen Builders Construction | 12/30/21 | $2,072,697 |
Gmk Associates Interior Design | 12/30/21 | $777,265 |
Us Food Service Food Service | 12/30/21 | $980,895 |
Messer Construction Construction | 12/30/21 | $30,466,927 |
Healthpro Heritage Therapy Services | 12/30/21 | $969,983 |
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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $573,160 |
| Grants and other assistance to domestic individuals. | $853,434 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,938,354 |
| Pension plan accruals and contributions | $193,236 |
| Other employee benefits | $1,625,527 |
| Payroll taxes | $715,752 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $292,008 |
| Advertising and promotion | $395,515 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $173,000 |
| Payments to affiliates | $1,000,000 |
| Depreciation, depletion, and amortization | $3,525,920 |
| Insurance | $313,459 |
| All other expenses | $575,697 |
| Total functional expenses | $26,085,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,318,428 |
| Pledges and grants receivable | $186,808 |
| Accounts receivable, net | $1,174,054 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $419,896 |
| Net Land, buildings, and equipment | $61,906,531 |
| Investments—publicly traded securities | $32,271,771 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $101,579,859 |
| Total assets | $213,857,347 |
| Accounts payable and accrued expenses | $6,226,871 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $96,761,076 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,265,225 |
| Total liabilities | $145,253,172 |
| Net assets without donor restrictions | $61,023,480 |
| Net assets with donor restrictions | $7,580,695 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $213,857,347 |
Grants Awarded
Over the last fiscal year, Presbyterian Home At Charlotte Inc has awarded $573,091 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
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 |
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 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Presbyterian Home At Charlotte Inc has recieved totaling $145,221.
| Awarding Organization | Amount |
|---|---|
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 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $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 |
Endowment Analysis
| Beg. Balance | $3,032,006 |
| Earnings | $387,526 |
| Other Expense | $387,526 |
| Ending Balance | $3,032,006 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ashby Ponds Inc Ashburn, VA | $1,081,002,554 | $105,782,483 |
Greenspring Village Inc Springfield, VA | $635,246,519 | $86,958,670 |
Goodwin House Incorporated Alexandria, VA | $441,770,291 | $109,508,883 |
Lutheran Homes Of South Carolina Inc Irmo, SC | $120,175,361 | $78,300,034 |
Westminster-Canterbury Corporation Richmond, VA | $326,286,753 | $77,739,552 |
Virginia United Methodist Homes Inc Glen Allen, VA | $253,887,875 | $70,234,834 |
Westminster-Canterbury On Chesapeake Bay Virginia Beach, VA | $226,856,514 | $70,077,492 |
Presbyterian Communities Of South Carolina Columbia, SC | $133,476,143 | $58,903,174 |
Givens Estates Inc Asheville, NC | $338,452,219 | $72,683,846 |
Presbyterian Homes Inc Colfax, NC | $256,348,828 | $62,438,008 |
Aldersgate United Methodist Retirement Community Inc Charlotte, NC | $165,248,151 | $44,725,662 |
Everyage Newton, NC | $158,969,277 | $58,100,743 |