Civic Intelligence

Presbyterian Housing Corporation

EIN 23-7230453 • 501(c)3 • Lexington, KY

Profile

Assist in providing affordable housing to low-income families and individuals.

1510 Versailles RoadLexington, KY 40504

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.86x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

3.99x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

23rd percentile

-9.1%

Higher net margin than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

42nd percentile

0.8%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

35th percentile

-1.1%

Faster revenue growth than 35% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,044,442

Down $3,357,261 (-76%) from 2022

Liabilities

Down

$897,945

Down $27,846 (-3.0%) from 2022

Net Assets

Down

$146,497

Down $3,329,415 (-96%) from 2022

Revenue

Down

$225,149

Down $259,207 (-54%) from 2022

Expenses

Down

$245,733

Down $12,765 (-4.9%) from 2022

Net Income

Down

-$20,584

Down $246,442 (-109%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2014: $995,161Liabilities 2014: $2,197,461Net Assets 2014: -$1,202,3002014Assets 2016: $763,044Liabilities 2016: $2,214,508Net Assets 2016: -$1,451,4642016Assets 2017: $651,760Liabilities 2017: $2,194,254Net Assets 2017: -$1,542,4942017Assets 2018: $640,237Liabilities 2018: $2,149,386Net Assets 2018: -$1,509,1492018Assets 2019: $3,703,663Liabilities 2019: $338,595Net Assets 2019: $3,365,0682019Assets 2020: $4,007,035Liabilities 2020: $703,642Net Assets 2020: $3,303,3932020Assets 2021: $4,218,711Liabilities 2021: $927,358Net Assets 2021: $3,291,3532021Assets 2022: $4,401,703Liabilities 2022: $925,791Net Assets 2022: $3,475,9122022Assets 2024: $1,044,442Liabilities 2024: $897,945Net Assets 2024: $146,4972024

Highlighted filing

2024

Assets$1,044,442
Liabilities$897,945
Net Assets$146,497

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $1,043,649Expenses 2014: $1,252,318Net Income 2014: -$208,6692014Revenue 2016: $999,252Expenses 2016: $1,071,262Net Income 2016: -$72,0102016Revenue 2017: $950,100Expenses 2017: $1,027,857Net Income 2017: -$77,7572017Revenue 2018: $1,002,938Expenses 2018: $969,593Net Income 2018: $33,3452018Revenue 2019: $5,560,749Expenses 2019: $686,532Net Income 2019: $4,874,2172019Revenue 2020: $102,867Expenses 2020: $164,542Net Income 2020: -$61,6752020Revenue 2021: $198,198Expenses 2021: $210,238Net Income 2021: -$12,0402021Revenue 2022: $484,356Expenses 2022: $258,498Net Income 2022: $225,8582022Revenue 2024: $225,149Expenses 2024: $245,733Net Income 2024: -$20,5842024

Highlighted filing

2024

Revenue$225,149
Expenses$245,733
Net Income-$20,584

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Jun 9, 2025
Return Version
2023v6.0
Gross Receipts
$225,149
Mission and Program Overview

Mission

Assist in providing affordable housing to low-income families and individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$957,116$942,546▼ $14,570
Accounts Receivable$46,775$93,571▲ $46,796
Prepaid Expenses and Deferred Charges$712$3,876▲ $3,164
Savings and Temporary Cash Investments$23,326$523▼ $22,803
Cash and Non-Interest-Bearing Accounts$4,222$388▼ $3,834
Investments Other Securities$-9$-15▼ $6
Total Assets$1,035,695$1,044,442▲ $8,747
Other Assets Total$3,553$3,553→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$812,683$801,792▼ $10,891
Accounts Payable and Accrued Expenses$50,239$90,724▲ $40,485
Other Liabilities$5,553$5,360▼ $193
Deferred Revenue$139$69▼ $70
Total Liabilities$868,614$897,945▲ $29,331
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$167,081$146,497▼ $20,584
Total Net Assets Fund Balance$167,081$146,497▼ $20,584
Total Liabilities and Net Assets / Fund Balance$1,035,695$1,044,442▲ $8,747

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$867,546$1,485,126$2,352,672
Land$75,000-$75,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Stan KramerPresident
Kenneth OkoreDirector
Rett McgoodwinDirector
Robert ChirwaDirector
Evelyn KramerSecretary
Randy RaineTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$149,386
Program Service Revenue
$70,447
Investment Income
$1
Other Revenue
$5,315
Change in Net Assets
$-20,584

Audited Revenue Reconciliation

Revenue per Audited Statements
$225,149
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$225,149
Total Revenue per Form 990
$225,149
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$226,150
Salaries, Compensation, and Employee Benefits$19,583
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$80,414$6,091-$86,505
Interest$36,663--$36,663
Depreciation Depletion$25,200--$25,200
Insurance$20,884--$20,884
Other Expenses$17,178--$17,178
Other Salaries and Wages$16,773--$16,773
Fees for Services Legal-$13,754-$13,754
Office Expenses-$12,946-$12,946
Fees for Services Management-$8,505-$8,505
Fees for Services Accounting-$4,500-$4,500
Other Employee Benefits$1,482--$1,482
Payroll Taxes$1,328--$1,328
Advertising-$15-$15
Total Functional Expenses$199,922$45,811$0$245,733

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$245,733
Total Expenses per Audited Statements$245,733
Total Expenses per Form 990$245,733
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$3,360
Misc Liability$2,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Line 11b explanation - the board members review the return before it is filed.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Presbyterian Housing Corporation
EIN
23-7230453
Phone
8592253334
Address
1510 VERSAILLES ROAD, LEXINGTON, KY 40504

Signing Officer

Name
Stan Kramer
Title
President
Phone
8592253334
Signed
2025-06-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stan Kramer
Formed
1970
Legal Domicile
Ky
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Cna Tax Professionals Inc
Address
10475 CROSSPOINT BOULEVARD SUITE, 200, INDIANAPOLIS, IN 46256
Preparer
Shawn D Dreiman CPA
Phone
3178413393
Supplemental Narrative

Additional Explanations

Part XII, Line 2A

The financial statements for presbyterian housing corporation d/b/a lakeside manor apartments were audited.

Financial Statement Notes

PART X, LINE 2:

The entity adopted accounting for uncertainty in income taxes, the entity recognizes a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely than-not test, no tax benefit is recorded.

Raw XML Appendix394 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0867546
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01485126
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02352672
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0245733
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt075000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt075000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03360
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MISC LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0225149
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENTITY ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE ENTITY RECOGNIZES A TAX BENEFIT ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY THAN-NOT TEST, NO TAX BENEFIT IS RECORDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0942546
IRS990ScheduleD/TotalExpensesPerForm990Amt0245733
IRS990ScheduleD/TotalLiabilityAmt05360
IRS990ScheduleD/TotalRevenuePerForm990Amt0225149
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0225149
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0245733
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 11B EXPLANATION - THE BOARD MEMBERS REVIEW THE RETURN BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FINANCIAL STATEMENTS FOR PRESBYTERIAN HOUSING CORPORATION D/B/A LAKESIDE MANOR APARTMENTS WERE AUDITED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2A
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01035695
IRS990/TotalAssetsEOYAmt01044442
IRS990/TotalAssetsGrp/BOYAmt01035695
IRS990/TotalAssetsGrp/EOYAmt01044442
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0149386
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt045811
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0199922
IRS990/TotalFunctionalExpensesGrp/TotalAmt0245733
IRS990/TotalGrossUBIAmt0-6
IRS990/TotalLiabilitiesBOYAmt0868614
IRS990/TotalLiabilitiesEOYAmt0897945
IRS990/TotalLiabilitiesGrp/BOYAmt0868614
IRS990/TotalLiabilitiesGrp/EOYAmt0897945
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0167081
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0146497
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0199922
IRS990/TotalProgramServiceRevenueAmt070447
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt05316
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt070453
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0225149
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-6
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01035695
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01044442
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01510 VERSAILLES ROAD
IRS990/USAddress/CityNm0LEXINGTON
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd040504
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0NA
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STAN KRAMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08592253334
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRESBYTERIAN HOUSING CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0PRES
ReturnHeader/Filer/EIN0237230453
ReturnHeader/Filer/PhoneNum08592253334
ReturnHeader/Filer/USAddress/AddressLine1Txt01510 VERSAILLES ROAD
ReturnHeader/Filer/USAddress/CityNm0LEXINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd040504
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0352102008
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CNA TAX PROFESSIONALS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010475 CROSSPOINT BOULEVARD SUITE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046256
ReturnHeader/PreparerPersonGrp/PhoneNum03178413393
ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHAWN D DREIMAN CPA
ReturnHeader/ReturnTs02025-06-13T16:30:43-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-08-01
ReturnHeader/TaxPeriodEndDt02024-07-31
ReturnHeader/TaxYr02023

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