Methodist Home For The Aging

Organization Overview

Methodist Home For The Aging, operating under the name Methodist Homes Corporation, is located in Birmingham, AL. The organization was established in 1964. 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 06/2021, Methodist Homes Corporation employed 1,052 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Methodist Homes Corporation 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 06/2021, Methodist Homes Corporation generated $51.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $48.8m during the year ending 06/2021. While expenses have increased by 7.5% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

RETIREMENT AND NURSING HOME CARE

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOUSING AND NURSING CARE FOR THE AGED WAS PROVIDED FOR APPROXIMATELY 123,281 RESIDENT/PATIENT DAYS


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Board, Officers & Key Employees

Name (title)Compensation
Christopher Tomlin
President, CEO
$383,249
Mike Giles
Vice President, COO
$283,226
William Bruce Akins
CFO
$218,719
Vicki H Jackson
VP Of Human Resources
$149,813
Regina Lawler
Vp-Information Tech
$126,113
Rev Robert C Scales
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ardell Fleeson
$120,354
Salon 4 Seniors
$120,423
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $5,483,395
All other contributions, gifts, grants, and similar amounts not included above$521,339
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,004,734
Total Program Service Revenue$41,036,542
Investment income $4,468,862
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $51,510,138

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Methodist Home For The Aging has recieved totaling $27,500.

Awarding OrganizationAmount
Community Foundation Of North Florida Inc

Tallahassee, FL

PURPOSE: FOUNTAIN OF LOVE FUND

$10,000
Community Foundation Of North Florida Inc

Tallahassee, FL

PURPOSE: FOUNTAIN OF LOVE FUND

$10,000
Fidelity Investments Charitable Gift Fund

Boston, MA

PURPOSE: For grant recipient's exempt purposes

$7,500
Mission Outreach United Appeal Fund Inc

Birmingham, AL

PURPOSE: To fulfill the Mission Outreach United Appeal Fund, Inc.'s mission.

$0
Mission Outreach United Appeal Fund Inc

Birmingham, AL

PURPOSE: To fulfill the Mission Outreach United Appeal Fund, Inc.'s mission.

$0
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,295,101
Earnings$1,424,963
Admin Expense$39,455
Other Expense$171,105
Ending Balance$7,509,504

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