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Nonprofiteer
← PRESBYTERIAN HOME QUITMAN RETIREMENT INC

Form 990 for tax year 2024

Filed by PRESBYTERIAN HOME QUITMAN RETIREMENT INC.

Totals

Total revenue
$238,240
Total expenses
$194,259
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$164,273
Investment income
$56,299
Other revenue
$17,668
Total assets, end of year
$2,257,001
Total liabilities, end of year
$989,847
Net assets or fund balances, end of year
$1,267,154
Program services expenses (Part IX)
$138,561
Management and general expenses
$55,698
Fundraising expenses
$0
Program service expenses (Part III)
$138,561

Program services were 71.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: ROOM AND BOARD

    total $164,273 · related or exempt $164,273

  • 3 · Investment income

    total $56,299 · excluded $56,299

  • 6a · Gross rents

    real property $5,400

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $5,400

  • 6d · Net rental income or loss

    total $5,400 · excluded $5,400

  • 11a · Other revenue: UTILITY

    total $8,898 · excluded $8,898

  • 11b · Other revenue: OTHER PATIENT SERVICES

    total $3,370 · excluded $3,370

  • 11e · Other revenue, total

    $12,268

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $10,630 · management and general $10,630

  • 11b · Fees: legal

    total $290 · management and general $290

  • 11c · Fees: accounting

    total $29,304 · management and general $29,304

  • 11g · Fees: other

    total $12,433 · program services $12,433

  • 13 · Office expenses

    total $1,946 · management and general $1,946

  • 16 · Occupancy

    total $34,124 · program services $24,300 · management and general $9,824

  • 17 · Travel

    total $7,967 · program services $7,967

  • 22 · Depreciation, depletion and amortization

    total $72,287 · program services $72,287

  • 23 · Insurance

    total $12,327 · program services $12,327

  • 24a · Other expenses: SUPPLIES

    total $9,364 · program services $5,660 · management and general $3,704

  • 24b · Other expenses: REPAIR & MAINTENANCE

    total $3,587 · program services $3,587

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $12,926 · end of year $18,444

  • 4 · Accounts receivable

    beginning of year $11,610 · end of year $2,550

  • 9 · Prepaid expenses and deferred charges

    beginning of year $649 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $4,740,459

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,714,243

  • 10c · Land, buildings and equipment, net

    beginning of year $1,098,503 · end of year $1,026,216

  • 11 · Investments: publicly traded securities

    beginning of year $1,060,301 · end of year $1,169,126

  • 15 · Other assets

    beginning of year $41,948 · end of year $40,665

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,785 · end of year $753

  • 19 · Deferred revenue

    beginning of year $17,582 · end of year $15,797

  • 23 · Secured mortgages and notes payable

    beginning of year $286,390 · end of year $242,797

  • 25 · Other liabilities

    beginning of year $743,786 · end of year $730,500

  • 27 · Net assets without donor restrictions

    beginning of year $537,237 · end of year $633,826

  • 28 · Net assets with donor restrictions

    beginning of year $632,157 · end of year $633,328

Mission and programs · 2024

Mission

PRESBYTERIAN HOME, QUITMAN, RETIREMENT IS A CHRISTIAN MINISTRY PROVIDING EXCEPTIONAL SERVICES TO ENHANCE THE QUALITY OF LIFE FOR SENIOR ADULTS.

Activities or mission (Part I)

TO PROVIDE EXCEPTIONAL SERVICES TO SENIOR ADULTS IN AN INDEPENDENT SETTING.

  • PRESBYTERIAN HOME, QUITMAN, RETIREMENT OPERATES FACILITIES WHICH INCLUDE 8 CLUSTER HOMES, 1 COTTAGE HOME, AND 2 VILLAS. RESIDENTS ARE SERVED REGARDLESS OF ABILITY TO PAY.

    Expenses $138,561 · Revenue $164,273

As filed on the 2024 return.

Listed in Part VII

  • Alex Patterson

    PRESIDENT/CEO

    Total calculated
    $435,340
    From this org
    $0
    From related orgs
    $380,778
    Other
    $54,562
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $380,778 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,049 related
    Nontaxable benefits
    $0 + $42,513 related
    Filer's total
    $0 + $435,340 related

  • Rev Tony Sundermeier

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Lativia Alston

    1ST VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Marion Glover

    2ND VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Davis C Stewart

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Thomas E Jones Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Robert H Neel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Judge David Todd Markle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • April Rooker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • James H Morgan Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Keith Funderburk

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • George J Hauptfuhrer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Rhett Partin

    COO

    Total calculated
    $291,113
    From this org
    $0
    From related orgs
    $243,289
    Other
    $47,824
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $243,289 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,218 related
    Nontaxable benefits
    $0 + $42,606 related
    Filer's total
    $0 + $291,113 related

  • Chad Pearce

    CFO

    Total calculated
    $217,995
    From this org
    $0
    From related orgs
    $209,916
    Other
    $8,079
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,015 related
    Bonus
    $0
    Other
    $0 + $10,901 related
    Deferred
    $0 + $8,079 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $217,995 related

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
28 October 2025
IRS schema version
2024v5.2
Source object
202533039349301313

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