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Nonprofiteer
← ELDERHOMES CORP

Form 990 for tax year 2023

Filed by ELDERHOMES CORP.

Totals

Total revenue
$25,889,049
Total expenses
$25,037,384
Contributions and grants received
$22,025,334
Grants paid
$0
Program service revenue
$3,690,611
Investment income
$121,842
Other revenue
$51,262
Total assets, end of year
$19,513,548
Total liabilities, end of year
$3,181,056
Net assets or fund balances, end of year
$16,332,492
Program services expenses (Part IX)
$23,344,673
Management and general expenses
$1,483,093
Fundraising expenses
$209,618
Program service expenses (Part III)
$23,344,673

Program services were 93.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DANA BALLENGER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ART BOWEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN FRANK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANNE GARRETT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ARETHA HARRIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • REBECCA MCNAMARA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HUNTER SNELLINGS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PATRICIA TROTTA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BARBARA VAUGHAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CAROLYN CHAMPION

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN TULL

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • JOHN THANIEL

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BILLY TRIGG

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • LEE HOUSEHOLDER

    EXECUTIVE DIRECTOR

    Total calculated
    $243,355
    From this org
    $223,678
    From related orgs
    $0
    Other
    $19,677
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,678
    Bonus
    $0
    Other
    $0
    Deferred
    $9,045
    Nontaxable benefits
    $10,632
    Filer's total
    $243,355

  • SHELIA WALTERS

    FINANCE OFFICER

    Total calculated
    $177,366
    From this org
    $160,200
    From related orgs
    $0
    Other
    $17,166
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,200
    Bonus
    $0
    Other
    $0
    Deferred
    $6,534
    Nontaxable benefits
    $10,632
    Filer's total
    $177,366

  • MARION CAKE

    VP AFFORDABLE HOUSING

    Total calculated
    $167,202
    From this org
    $150,460
    From related orgs
    $0
    Other
    $16,742
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,460
    Bonus
    $0
    Other
    $0
    Deferred
    $6,110
    Nontaxable benefits
    $10,632
    Filer's total
    $167,202

  • BRYAN BURRIS

    VP ENERGY CONSERVATION

    Total calculated
    $132,867
    From this org
    $118,132
    From related orgs
    $0
    Other
    $14,735
    Hours/week
    40

  • MATT HINKLE

    VP OPERATIONS

    Total calculated
    $132,342
    From this org
    $116,975
    From related orgs
    $0
    Other
    $15,367
    Hours/week
    40

  • MATT MORGAN

    DIRECTOR OF AFFORDABLE HOUSING DEV.

    Total calculated
    $120,514
    From this org
    $105,574
    From related orgs
    $0
    Other
    $14,940
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PROJECT HOMES PROPERTIES II LLC

    VA

  • 2100 BAINBRIDGE MM LLC

    VA

  • 2100 BAINBRIDGE LLC

    VA · income -$24,073 · assets $1,786,057

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • WILLIAM BYRD II

    RELATED · INVESTMENT · VA · 99.99% owned · share of assets $488,939 · general or managing partner

  • PORT CITY II MANAGING MEMBER LLC

    RELATED · INVESTMENT · VA · 10% owned · share of income $17,970 · share of assets $2,886,089 · general or managing partner

  • PROJECT HOMES PROPERTIES IV

    RELATED · INVESTMENT · VA · 75% owned · share of income $18,843 · share of assets $1,876,374 · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202443179349301914

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