Home For Aged Masons
- Assets
- $116.8m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 115
- Location
- Arlington, TX
- Founding
- 02/1979
- Data as of
- 06/2023
- EIN
- 75-1612433
Organization Overview
Home For Aged Masons is located in Arlington, TX. The organization was established in 1979. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2023, Home For Aged Masons employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home For Aged Masons 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, Home For Aged Masons generated $8.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $11.0m during the year ending 06/2023. While expenses have increased by 2.4% per year over the past 8 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
CARE OF ELDERLY PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOTAL CARE OF ELDERLY PERSONS WHO DO NOT HAVE THE FINANCIAL CAPACITY OF MAINTAINING THEMSELVES IN A PROPER ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Roy Elliott President | OfficerTrustee | 8 | $0 |
Steve Wolfe Vice President | Trustee | 8 | $0 |
Richard Gaiser Secretary | OfficerTrustee | 8 | $0 |
James Kirkpatrick Director | Trustee | 8 | $0 |
Neal Addy Director | Trustee | 8 | $0 |
Kenneth Cooley Treasurer | OfficerTrustee | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Redenta's Landscape Design Landscaping | 6/29/20 | $1,276,567 |
Byrne Construction Services Construction | 6/29/20 | $1,279,564 |
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 | $1,090,387 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,090,387 |
| Total Program Service Revenue | $4,615,761 |
| Investment income | $2,296,903 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $645,464 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$369,958 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,323,087 |
| 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. | $616,022 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,937,737 |
| Pension plan accruals and contributions | $173,011 |
| Other employee benefits | $282,595 |
| Payroll taxes | $254,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $199,727 |
| Fees for services: Accounting | $71,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $439,547 |
| Fees for services: Other | $200 |
| Advertising and promotion | $11,121 |
| Office expenses | $73,070 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $445,140 |
| Travel | $11,371 |
| 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 | $1,841,959 |
| Insurance | $503,675 |
| All other expenses | $866,073 |
| Total functional expenses | $11,026,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,186 |
| Savings and temporary cash investments | $10,094,017 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $195,225 |
| 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 | $320,852 |
| Net Land, buildings, and equipment | $32,943,548 |
| Investments—publicly traded securities | $73,143,114 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,491 |
| Total assets | $116,818,433 |
| Accounts payable and accrued expenses | $415,071 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $415,071 |
| Net assets without donor restrictions | $40,878,146 |
| Net assets with donor restrictions | $75,525,216 |
| 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 | $116,818,433 |