Presbyterian Manor Inc
- Assets
- $40.1m
- Revenue
- $13.3m
- Investments
- $0.0
- Employees
- 333
- Location
- Wichita Falls, TX
- Founding
- 03/1997
- Data as of
- 06/2023
- EIN
- 75-1522727
Organization Overview
Presbyterian Manor Inc is located in Wichita Falls, TX. The organization was established in 1997. 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 06/2023, Presbyterian Manor Inc employed 333 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian Manor 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 06/2023, Presbyterian Manor Inc generated $13.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $13.0m during the year ending 06/2023. While expenses have increased by 3.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RETIREMENT HOME FOR THE AGED PROVIDING INDEPENDENT LIVING, HEALTH CARE AND AN ALZHEIMER FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RETIREMENT HOME FOR THE AGED PROVIDING AN INDEPENDENT LIVING COMMUNITY, A HEALTH CARE CENTER AND AN ALZHEIMERS'S AND DEMENTIA FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kay Yeager Director, President | OfficerTrustee | 1 | $0 |
Gale Richardson Director, Vice President | OfficerTrustee | 1 | $0 |
Linda Yeager Director, Secretary | OfficerTrustee | 1 | $0 |
Brian Stahler Director, Treasurer | OfficerTrustee | 1 | $0 |
Paul Hughes Director | Trustee | 1 | $0 |
Jeff Schultz Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mataska Roofing Llc Roofing | 6/29/21 | $268,860 |
Clark Design And Renovation Construction / Renovation | 6/29/21 | $157,146 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $496,788 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $496,788 |
| Total Program Service Revenue | $10,791,177 |
| Investment income | $435,064 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,367,437 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,315,127 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $256,363 |
| Compensation of current officers, directors, key employees. | $16,920 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,853,871 |
| Pension plan accruals and contributions | $276,952 |
| Other employee benefits | $1,056,245 |
| Payroll taxes | $538,677 |
| 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 | $148,271 |
| Advertising and promotion | $0 |
| Office expenses | $84,106 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,050,466 |
| Insurance | $395,205 |
| All other expenses | $276,362 |
| Total functional expenses | $13,027,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,701 |
| Savings and temporary cash investments | $679,285 |
| Pledges and grants receivable | $272,325 |
| Accounts receivable, net | $321,565 |
| 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 | $363,678 |
| Net Land, buildings, and equipment | $15,450,483 |
| Investments—publicly traded securities | $22,070,830 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $920,753 |
| Total assets | $40,080,620 |
| Accounts payable and accrued expenses | $159,481 |
| Grants payable | $0 |
| Deferred revenue | $243,642 |
| Tax-exempt bond liabilities | $0 |
| 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 | $314,586 |
| Total liabilities | $717,709 |
| Net assets without donor restrictions | $17,664,997 |
| Net assets with donor restrictions | $21,697,914 |
| 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 | $40,080,620 |