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← PRESBYTERIAN HOMES AND SERVICES OF KY INC

Form 990 for tax year 2023

Filed by PRESBYTERIAN HOMES AND SERVICES OF KY INC.

Totals

Total revenue
$10,685,544
Total expenses
$14,049,639
Contributions and grants received
$47,727
Grants paid
$0
Program service revenue
$10,620,282
Investment income
$17,535
Other revenue
$0
Total assets, end of year
$18,044,739
Total liabilities, end of year
$12,126,919
Net assets or fund balances, end of year
$5,917,820
Program services expenses (Part IX)
$11,129,331
Management and general expenses
$2,920,308
Fundraising expenses
$0
Program service expenses (Part III)
$11,129,331

Program services were 79.2% 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

    $47,727

  • 2a · Program service revenue: NURSING FACILITY INCOME

    total $6,979,556 · related or exempt $6,979,556

  • 2b · Program service revenue: PERSONAL CARE SERVICES

    total $2,296,505 · related or exempt $2,296,505

  • 2c · Program service revenue: ANCILLARY INCOME

    total $560,199 · related or exempt $560,199

  • 2d · Program service revenue: INDEPENDENT LIVING

    total $461,957 · related or exempt $461,957

  • 2e · Program service revenue: OUTPATIENT SERVICES

    total $289,352 · related or exempt $289,352

  • 2f · All other program service revenue

    total $32,713 · related or exempt $32,713

  • 3 · Investment income

    total $2,035 · excluded $2,035

  • 7a · Gross sales of assets other than inventory

    securities $15,500

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

    securities $0

  • 7c · Gain or loss

    securities $15,500

  • 7d · Net gain or loss

    total $15,500 · excluded $15,500

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $6,438,604 · program services $5,128,992 · management and general $1,309,612

  • 8 · Pension plan contributions

    total $17,198 · program services $13,700 · management and general $3,498

  • 9 · Other employee benefits

    total $583,873 · program services $465,113 · management and general $118,760

  • 10 · Payroll taxes

    total $473,099 · program services $376,871 · management and general $96,228

  • 11c · Fees: accounting

    total $139,837 · program services $111,394 · management and general $28,443

  • 12 · Advertising and promotion

    total $17,792 · program services $14,173 · management and general $3,619

  • 13 · Office expenses

    total $248,130 · program services $197,660 · management and general $50,470

  • 14 · Information technology

    total $222,263 · program services $177,055 · management and general $45,208

  • 16 · Occupancy

    total $808,295 · program services $643,888 · management and general $164,407

  • 17 · Travel

    total $11,106 · program services $8,847 · management and general $2,259

  • 19 · Conferences, conventions and meetings

    total $3,127 · program services $2,491 · management and general $636

  • 20 · Interest

    total $524,510 · program services $417,825 · management and general $106,685

  • 22 · Depreciation, depletion and amortization

    total $683,886 · program services $544,784 · management and general $139,102

  • 23 · Insurance

    total $1,256,186 · program services $1,000,678 · management and general $255,508

  • 24a · Other expenses: PROFESSIONAL SERVICES

    total $1,024,890 · program services $755,449 · management and general $269,441

  • 24b · Other expenses: FOOD AND RELATED SUPPLI

    total $492,113 · program services $392,017 · management and general $100,096

  • 24c · Other expenses: MEDICAL SUPPLIES

    total $473,239 · program services $376,982 · management and general $96,257

  • 24d · Other expenses: MAINTENANCE

    total $268,664 · program services $214,018 · management and general $54,646

  • 24e · All other expenses

    total $362,827 · program services $287,394 · management and general $75,433

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,730,111 · end of year $897,957

  • 2 · Savings and temporary cash investments

    beginning of year $26,813 · end of year $5,672

  • 3 · Pledges and grants receivable

    beginning of year $73,481 · end of year $71,817

  • 4 · Accounts receivable

    beginning of year $4,842,942 · end of year $663,996

  • 8 · Inventories for sale or use

    beginning of year $71,896 · end of year $71,896

  • 9 · Prepaid expenses and deferred charges

    beginning of year $140,285 · end of year $132,679

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

    $32,109,357

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

    $17,179,876

  • 10c · Land, buildings and equipment, net

    beginning of year $15,015,833 · end of year $14,929,481

  • 11 · Investments: publicly traded securities

    beginning of year $964,334 · end of year $1,173,478

  • 15 · Other assets

    beginning of year $109,741 · end of year $97,763

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,096,951 · end of year $1,907,857

  • 19 · Deferred revenue

    beginning of year $1,134 · end of year $967

  • 23 · Secured mortgages and notes payable

    beginning of year $10,624,250 · end of year $10,173,884

  • 25 · Other liabilities

    beginning of year $66,468 · end of year $44,211

  • 27 · Net assets without donor restrictions

    beginning of year $8,998,355 · end of year $5,716,502

  • 28 · Net assets with donor restrictions

    beginning of year $188,278 · end of year $201,318

Mission and programs · 2023

Mission

FINANCIAL AND OPERATIONAL MANAGEMENT OF NURSING FACILITIES, ASSISTED-LIVING FACILITIES, AND RETIREMENT APARTMENTS. THE ORGANIZATION HAS 172 NURSING BEDS, 49 ASSISTED-LIVING APARTMENTS AND 74 PERSONAL CARE BEDS.

Activities or mission (Part I)

ANSWERING GOD'S CALL TO LIFE CARE FOR THE AGING AND OTHERS, PRESBYTERIAN HOMES AND SERVICES OF KENTUCKY, INC. (PHSK) ENDEAVORS TO GIVE COMPASSIONATE CARE AND SUPERIOR SERVICE TO ALL WE SERVE. TO FULFILL THIS MISSION, PHSK HAS DEVELOPED COMMUNITIES TO ENCOURAGE RESIDENTS TO LIVE WITH DIGNITY WHILE MAINTAINING HIGHEST POSSIBLE LEVEL OF INDEPENDENCE. SERVING A DIVERSE POPULATION, EACH OF THE FACILITIES IN THE PRESBYTERIAN HOMES AND SERVICES FAMILY CREATES AN ENVIRONMENT TO RESPOND TO CHANGING NEEDS AS OUR RESIDENTS AGE. OFFERING COMPASSIONATE MEDICAL CARE, IN ADDITION TO SPIRITUAL AND EMOTIONAL SUPPORT SERVICES, PRESBYTERIAN HOMES SEEKS TO PROMOTE THE HEALTH AND WELFARE OF EACH PERSON WITH WHOM WE ASSOCIATE. IN ADDITION, PHSK PROVIDES FINANCIAL SUPPORT TO RESIDENTS WHOSE RESOURCES HAVE BEEN EXHAUSTED. THANKS TO OUR BENEVOLENT CARE FUND, NO RESIDENT IS ASKED TO LEAVE OUR FACILITIES DUE TO LACK OF FINANCIAL RESOURCES.

  • PROVIDED 50,927 DAYS OF PATIENT CARE FOR NURSING HOME RESIDENTS.

    Expenses $11,129,331 · Revenue $10,620,282

As filed on the 2023 return.

Listed in Part VII

  • Mrs Mary Stuart Reichard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr J Michael Dalton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ms Melissa Deark Mull

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Mr William M Renda

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Mr Brandon Fogle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr John Laufenberg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mr Bill Williamson

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Ms Brittney Talley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ms Heather Jones McPeek

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Harriet Wagner

    PRESIDENT/CEO

    Total calculated
    $211,688
    From this org
    $209,562
    From related orgs
    $0
    Other
    $2,126
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,562
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $2,126
    Filer's total
    $211,688

  • Mr Ben Durham

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $150,633
    From this org
    $149,057
    From related orgs
    $0
    Other
    $1,576
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,057
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,576
    Filer's total
    $150,633

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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee

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.

  • PRESBYTERIAN HOMES AND SERVICES FOUNDATION INC

    501(C)(3) · TO SUPPORT PRESBYTERIAN HOMES AND SERVICES, INC. · KY

  • ST JAMES GROUP INC

    501(C)(3) · TO SUPPORT PRESBYTERIAN HOMES AND SERVICES, INC. · KY

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.

  • WESTMINSTER TERRACE APARTMENTS GP LLC

    LOW INCOME HOUSING · KY

    Directly controlled by PRESBYTERIAN HOMES AND SERVICES OF KENTUCKY INC

Related partnerships

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

  • WESTMINSTER TERRACE APARTMENTS LLLP

    N/A · LOW INCOME HOUSING · KY

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349316739

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