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Nonprofiteer
← PRESBYTERIAN HOMES FOUNDATION INC

Form 990 for tax year 2024

Filed by PRESBYTERIAN HOMES FOUNDATION INC.

Totals

Total revenue
$5,511,869
Total expenses
$2,935,698
Contributions and grants received
$2,132,194
Grants paid
$2,876,614
Program service revenue
$0
Investment income
$3,379,675
Other revenue
$0
Total assets, end of year
$59,859,107
Total liabilities, end of year
$258,675
Net assets or fund balances, end of year
$59,600,432
Program services expenses (Part IX)
$2,876,614
Management and general expenses
$59,084
Fundraising expenses
$0
Program service expenses (Part III)
$2,876,614

Program services were 98.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • TIMOTHY WEBSTER

    ASSISTANT SECRETARY

    Total calculated
    $714,782
    From this org
    $0
    From related orgs
    $677,575
    Other
    $37,207
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $529,107 related
    Bonus
    $0 + $148,468 related
    Other
    $0
    Deferred
    $0 + $25,699 related
    Nontaxable benefits
    $0 + $11,508 related
    Filer's total
    $0 + $714,782 related

  • JULIA HANOVER

    ASSISTANT TREASURER

    Total calculated
    $419,208
    From this org
    $0
    From related orgs
    $390,061
    Other
    $29,147
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $316,198 related
    Bonus
    $0 + $73,863 related
    Other
    $0
    Deferred
    $0 + $17,639 related
    Nontaxable benefits
    $0 + $11,508 related
    Filer's total
    $0 + $419,208 related

  • DELORES PARKER

    CHAIR PERSON

    Total calculated
    $0
    Hours/week
    1

  • BRIAN DONLEY

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • WITHERS HORNER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ANGELA K BUTLER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JIM MORGAN

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JOHN BOOTH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TRIPP BRADSHAW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SUSAN HODGES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARC HUMANN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALAN LIVINGSTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • VICKI H MCCAIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CLAIRE MANSFIELD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AVYS MASSEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CORINNE NICHOLSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NANCY L RUSSELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

Itemized on Schedule J with no Part VII listing of the same name on this return:

  • Name not reported

    Schedule J breakdown

    Base
    $0
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0

  • Name not reported

    Schedule J breakdown

    Base
    $0
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I
| PartandLinenumber:,Explanation:|Part I Line 3,THE PROCEDURES THAT THE ORGANIZATION FOLLOWS FOR SETTING COMPENSATION ARE AS FOLLOWS: 1. A BOARD OF TRUSTEES COMPENSATION COMMITTEE SHALL BE APPOINTED ANNUALLY BY THE BOARD CHAIR. THE COMMITTEE SHALL BE COMPRISED OF THE CURRENT CHAIR, IMMEDIATE PAST CHAIR, CHAIR-ELECT (IF ANY) AND 1-2 TRUSTEES AT LARGE. 2. THE COMMITTEE SHALL MEET APPROXIMATELY THIRTY DAYS PRIOR TO THE END OF THE FISCAL YEAR. 3. PRIOR TO THE MEETING, THE PRESIDENT/CEO SHALL PROVIDE COMPARABLE SALARY AND BENEFIT DATA THROUGH EXTERNAL SOURCES SUCH AS THE CEO SALARY AND BENEFIT REPORT, LEADING AGE NC WAGE SURVEY, PUBLIC RECORD IRS FORM 990S, AND INDEPENDENT SURVEYS. 4. PRIOR TO THE MEETING, THE PRESIDENT/CEO SHALL PROVIDE A STATEMENT OF ACHIEVEMENTS COMPARED TO GOALS FOR THE CURRENT YEAR AND A PRELIMINARY LIST OF PERFORMANCE GOALS FOR THE SUCCEEDING YEAR.|
Part I & Part II
| PartandLinenumber:,Explanation:| Part I Line 3,5. AT THE MEETING THE PRESIDENT CEO SHALL INFORM THE COMMITTEE OF PROPOSED SALARY ADJUSTMENTS FOR SENIOR MANAGEMENT FOR THE SUCCEEDING YEAR. THE PRESIDENT CEO MAY PRESENT COMPARABLE SALARY DATA FOR SENIOR MANAGEMENT AT THE COMMITTEES DISCRETION. 6. AT THE MEETING AND AFTER PRESENTING YEAR-END RESULTS AND SUCCEEDING YEAR GOALS THE COMMITTEE MAY EXCUSE THE PRESIDENT CEO ENTER INTO EXECUTIVE SESSION AND DISCUSS THE PRESIDENT CEOS PERFORMANCE AND COMPENSATION. 7. AT THE CONCLUSION OF THE MEETING THE BOARD CHAIR SHALL MEET WITH THE PRESIDENT CEO IN ORDER TO REVIEW THE COMMITTEES ASSESSMENT OF PERFORMANCE AND SALARY. SALARY ADJUSTMENTS TO THE PRESIDENT CEOS COMPENSATION SHALL BE AUTHORIZED BY SIGNATURE OF THE BOARD CHAIR OR VICE CHAIR ONLY.|Part I Line 3,8. AT THE FIRST BOARD OF TRUSTEES MEETING FOLLOWING THE COMPENSATION COMMITTEES MEETING THE BOARD CHAIR SHALL REPORT THE COMMITTEES FINDINGS AND THE COMMITTEES ACTIONS REGARDING EMPLOYMENT STATUS RECOMMENDATIONS AND SALARY OR BENEFIT ADJUSTMENTS FOR THE PRESIDENT CEO. THE COMPENSATION COMMITTEE BELIEVES THAT THE PRIMARY OBJECTIVES OF KINTURAS EXECUTIVE COMPENSATION POLICIES SHOULD BE: - TO ATTRACT AND RETAIN TALENTED EXECUTIVES BY PROVIDING COMPENSATION THAT IS OVERALL HIGHLY COMPETITIVE WITH THE COMPENSATION PROVIDED TO EXECUTIVES AT COMPANIES OF COMPARABLE POSITION IN THE CONTINUING CARE RETIREMENT COMMUNITY FIELD WHILE MAINTAINING COMPENSATION WITHIN LEVELS THAT ARE CONSISTENT WITH ORGANIZATIONS ANNUAL BUDGET FINANCIAL OBJECTIVES OPERATING PERFORMANCE AND RESIDENT AND STAFF SATISFACTION;|Part I Line 3,- TO PROVIDE APPROPRIATE INCENTIVES FOR EXECUTIVES TO WORK TOWARD THE ACHIEVEMENT OF THE ORGANIZATIONS ANNUAL FINANCIAL PERFORMANCE AND BUSINESS GOALS BASED ON THE ORGANIZATIONS ANNUAL BUDGET. THE COMPENSATION COMMITTEE REVIEWS EXECUTIVE COMPENSATION POLICIES ANNUALLY TAKING INTO CONSIDERATION THE ORGANIZATIONS FINANCIAL PERFORMANCE ANNUAL BUDGET POSITION IN THE INDUSTRY MISSION STATEMENT AND CORE VALUES. THE COMPENSATION COMMITTEE BELIEVES THAT IN ADDITION TO CORPORATE PERFORMANCE IT IS APPROPRIATE IN SETTING AND REVIEWING EXECUTIVE COMPENSATION TO CONSIDER THE LEVEL OF EXPERIENCE AND RESPONSIBILITIES OF EACH EXECUTIVE OFFICER AS WELL AS THE PERSONAL CONTRIBUTIONS A PARTICULAR INDIVIDUAL MAY MAKE TO THE SUCCESS OF THE ORGANIZATION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025.|

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.

  • PRESBYTERIAN HOME INC

    501(C)(3) · CARE FOR SENIOR ADULTS · NC

  • GLENAIRE INC

    501(C)(3) · CARE FOR SENIOR ADULTS · NC · controlled entity

    Directly controlled by PRESBYTERIAN HOMES INC

Provenance

Return type
form_990
Tax year
2024
Filed
6 July 2026
IRS schema version
2024v5.1
Source object
202611879349300001

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