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Nonprofiteer
← PRESBYTERIAN HOMES INC

Form 990 for tax year 2022

Filed by PRESBYTERIAN HOMES INC.

Totals

Total revenue
$65,685,113
Total expenses
$60,438,776
Contributions and grants received
$1,821,427
Grants paid
$2,098,785
Program service revenue
$62,642,744
Investment income
$709,266
Other revenue
$511,676
Total assets, end of year
$244,275,349
Total liabilities, end of year
$152,518,383
Net assets or fund balances, end of year
$91,756,966
Program services expenses (Part IX)
$45,679,765
Management and general expenses
$14,416,998
Fundraising expenses
$342,013
Program service expenses (Part III)
$45,679,765

Program services were 75.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • LORI HADDOCK

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • ALEXANDER L MAULTSBY

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM C MCILWAIN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • LEIGH ANN KLEE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DAVID COULTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DOUG BROWN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANGELA BUTLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MAC DOUBLES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BUBBA JUDY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CONNIE LASTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • D HECTOR MCEACHERN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DEBRA PAPPAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CORINNE NICHOLSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEVE ROYAL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BILL SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER B TAYLOR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EDDIE WILLIFORD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GREG WOOD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALEXANDER WRENN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY WEBSTER

    ASSISTANT SECRETARY - CEO

    Total calculated
    $562,639
    From this org
    $526,459
    From related orgs
    $0
    Other
    $36,180
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $471,306
    Bonus
    $55,153
    Other
    $0
    Deferred
    $23,285
    Nontaxable benefits
    $12,895
    Filer's total
    $562,639

  • JULIA HANOVER

    ASSISTANT TREASURER - CFO

    Total calculated
    $344,202
    From this org
    $315,145
    From related orgs
    $0
    Other
    $29,057
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $284,354
    Bonus
    $30,791
    Other
    $0
    Deferred
    $17,815
    Nontaxable benefits
    $11,242
    Filer's total
    $344,202

  • CREIGHTON LOVVORN

    VICE PRESIDENT - COO

    Total calculated
    $407,162
    From this org
    $373,810
    From related orgs
    $0
    Other
    $33,352
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $337,607
    Bonus
    $36,203
    Other
    $0
    Deferred
    $21,651
    Nontaxable benefits
    $11,701
    Filer's total
    $407,162

  • MARK COLLINS

    VICE PRESIDENT - DIRECTOR

    Total calculated
    $241,686
    From this org
    $219,694
    From related orgs
    $0
    Other
    $21,992
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $200,960
    Bonus
    $18,734
    Other
    $0
    Deferred
    $11,496
    Nontaxable benefits
    $10,496
    Filer's total
    $241,686

  • THOMAS SMITH

    EXECUTIVE DIRECTOR-RIVER L

    Total calculated
    $260,390
    From this org
    $232,335
    From related orgs
    $0
    Other
    $28,055
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $213,239
    Bonus
    $19,096
    Other
    $0
    Deferred
    $17,460
    Nontaxable benefits
    $10,595
    Filer's total
    $260,390

  • ARNOLD THOMPSON

    EXECUTIVE DIRECTOR-FRIENDS

    Total calculated
    $254,008
    From this org
    $223,219
    From related orgs
    $0
    Other
    $30,789
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $201,697
    Bonus
    $21,522
    Other
    $0
    Deferred
    $20,265
    Nontaxable benefits
    $10,524
    Filer's total
    $254,008

  • LAURA LOWE

    DIRECTOR OF MARKETING

    Total calculated
    $242,644
    From this org
    $230,903
    From related orgs
    $0
    Other
    $11,741
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $201,404
    Bonus
    $29,499
    Other
    $0
    Deferred
    $9,935
    Nontaxable benefits
    $1,806
    Filer's total
    $242,644

  • TIFFANY ROBERSON

    DIRECTOR OF HEALTH SERVICE

    Total calculated
    $222,437
    From this org
    $198,770
    From related orgs
    $0
    Other
    $23,667
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $182,351
    Bonus
    $16,419
    Other
    $0
    Deferred
    $13,335
    Nontaxable benefits
    $10,332
    Filer's total
    $222,437

  • SEAN STOWERS

    DIRECTOR OF INFORMATION TECHNOLOGY

    Total calculated
    $216,903
    From this org
    $197,183
    From related orgs
    $0
    Other
    $19,720
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $186,843
    Bonus
    $10,340
    Other
    $0
    Deferred
    $9,400
    Nontaxable benefits
    $10,320
    Filer's total
    $216,903

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE VICE PRESIDENT OF HUMAN RESOURCES COMPILES COMPARABILITY DATA FROM AN INDEPENDENT SALARY CONSULTANT TO CALCULATE A WAGE FOR EXECUTIVE POSITIONS AND FROM AN INDEPENDENT SALARY SURVEY TO CALCULATE A WAGE AT MARKET AVERAGE FOR ALL OTHER POSITIONS. APART FROM PROVIDING A VEHICLE FOR THE ASSISTANT SECRETARY, VICE PRESIDENT OF OPERATIONS, EXECUTIVE DIRECTORS, AND DIRECTOR OF THE GOLF COURSE; ALL FRINGES OFFERED ARE EXACTLY THE SAME AS FOR ANY OTHER EMPLOYEE. THE EXECUTIVES' COMPENSATION IS CALCULATED USING THE EXECUTIVE COMPENSATION PLAN APPROVED BY THE BOARD OF GOVERNORS. THE ASSISTANT SECRETARY'S COMPENSATION IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD FOR REASONABLENESS AND APPROVAL. ALL OTHER WAGES ARE CALCULATED FOLLOWING A BUDGETED AMOUNT WHICH IS APPROVED BY THE BOARDS. THIS IS DOCUMENTED IN THE BOARD MINUTES.
PART I, LINE 7
SENIOR MANAGEMENT EARNS A BONUS BASED UPON COMPANY GOALS AND PERSONAL GOALS. THE BONUS POTENTIAL IS 10%- 30% OF WAGES AND THE 10% - 30% IS EARNED IN 20% INCREMENTS. THE 20% INCREMENTAL GOALS ARE NET OPERATING MARGIN, 5-STAR CMS RATING, INDEPENDENT LIVING AVERAGE DAILY OCCUPANCY, EMPLOYEE ENGAGEMENT AND A PERSONAL TARGET.

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.

  • GLENAIRE INC

    501(C)(3) · CARE FOR THE ELDERLY · NC · controlled entity

    Directly controlled by PRESBYTERIAN HOMES INC

  • PRESBYTERIAN HOMES FOUNDATION INC

    501(C)(3) · SUPPORTING ORGANIZATION · NC · controlled entity

    Directly controlled by PRESBYTERIAN HOMES INC

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.

  • PHI MANAGEMENT SERVICES LLC

    MANAGEMENT SERVICES · NC · income $2,205,602 · assets $175,134

    Directly controlled by PRESBYTERIAN HOMES INC

  • PHI REHAB SERVICES LLC

    REHABILITATION SERVICES · NC · income $0 · assets $804,099

    Directly controlled by PRESBYTERIAN HOMES INC

Provenance

Return type
form_990
Tax year
2022
Filed
14 August 2024
IRS schema version
2022v5.0
Source object
202402289349301095

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