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Nonprofiteer
← FOUNDATION FOR RHODES HOMES INC

Form 990 for tax year 2023

Filed by FOUNDATION FOR RHODES HOMES INC.

Totals

Total revenue
$811,293
Total expenses
$785,019
Contributions and grants received
$389,907
Grants paid
$747,547
Program service revenue
$0
Investment income
$421,386
Other revenue
$0
Total assets, end of year
$8,567,521
Total liabilities, end of year
$36,663
Net assets or fund balances, end of year
$8,530,858
Program services expenses (Part IX)
$747,547
Management and general expenses
$37,472
Fundraising expenses
$0
Program service expenses (Part III)
$747,547

Program services were 95.2% 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.

  • 1f · All other contributions, gifts and grants

    $389,907

  • 3 · Investment income

    total $256,870 · excluded $256,870

  • 7a · Gross sales of assets other than inventory

    securities $2,411,433

  • 7b · Less cost or other basis and sales expenses

    securities $2,246,917

  • 7c · Gain or loss

    securities $164,516

  • 7d · Net gain or loss

    total $164,516 · related or exempt $164,516

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $747,547 · program services $747,547

  • 11f · Fees: investment management

    total $36,583 · management and general $36,583

  • 24a · Other expenses: Other

    total $643 · management and general $643

  • 24b · Other expenses: Contracted Services

    total $246 · management and general $246

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,250,325 · end of year $511,146

  • 3 · Pledges and grants receivable

    beginning of year $426,188 · end of year $251,043

  • 11 · Investments: publicly traded securities

    beginning of year $6,945,215 · end of year $7,805,332

  • 25 · Other liabilities

    beginning of year $3,578,611 · end of year $36,663

  • 27 · Net assets without donor restrictions

    beginning of year $8,043,117 · end of year $8,530,858

Mission and programs · 2023

Mission

The Organization's mission is to promote, support and further the charitable purposes of A.G. Rhodes Health & Rehab Atlanta, A.G. Rhodes Health & Rehab Cobb, A.G. Rhodes Health & Rehab Wesley Woods and A.G. Rhodes Health & Rehab Management Company. Each of the supported organizations listed are tax exempt entities under Section 501(c)(3) of the Internal Revenue Code. Resources for the Foundation's activities are primarily provided by charitable contributions from the supported organizations, third party charitable contributions and investment income.

Activities or mission (Part I)

The Organization's mission is to promote, support and further the charitable purposes of A.G. Rhodes Health & Rehab Atlanta, A.G. Rhodes Health & Rehab Cobb, A.G. Rhodes Health & Rehab Wesley Woods and A.G. Rhodes Health and Rehab Management Company. Each of the supported organizations listed are tax exempt entities under Section 501(c)(3) of the Internal Revenue Code. Resources for the Foundation's activities are primarily provided by charitable contributions from the supported organizations, third party charitable contributions and investment income.

  • The Foundation makes contributions as a supporting organization to the A.G. Rhodes Homes and its related organizations to provide resources for capital improvements to the skilled nursing facilities to enhance the resident care experience. In addition, the Foundation makes contributions to the A.G. Rhodes Homes and its related organizations to provide operating support when needed.

    Expenses $747,547 · Grants $747,547

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David L Perdue

    Chairman

    Total calculated
    $0
    Hours/week
    1 + 17 related

  • John W Wilcox III

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Margaret Stickney

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 17 related

  • John Frazer

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 14 related

  • Dwayne C Angelo

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Maurice Baker

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Charles C Benedict Jr

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Samuel B Hollis Jr

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Margaret Perdue Denny

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Robbin Steed

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Jocelyn Dorsey

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Frank Sims

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • John H Strickler Jr MD

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • S Lark Ingram

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • Deke G Cateau

    CEO

    Total calculated
    $452,754
    From this org
    $0
    From related orgs
    $446,154
    Other
    $6,600
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $386,154 related
    Bonus
    $0 + $60,000 related
    Other
    $0
    Deferred
    $0 + $6,600 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $452,754 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

The filer's explanations (Part III)

Part I, Line 3
The CEO of A.G. Rhodes Health & Rehabilitation Management Company is considered to be the de facto CEO of the Organization. The Board of Trustees of A.G. Rhodes Homes establishes the CEO's compensation.

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

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
2023
Filed
12 March 2025
IRS schema version
2023v6.0
Source object
202510869349301321

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