Civic Intelligence

Trezevant Episcopal Home

EIN 23-7363212 • 501(c)3 • Memphis, TN

Profile

Trezevant manor, an interfaith community, enables senior adults to enjoy independence, security,and the highest quality of living through personalized sevices, pleasurable and enriching activitites and the guarantee of appropriate health services for life.

Refreshing map…

177 North HighlandMemphis, TN 38111

www.trezevantmanor.org

Siviq Scores

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

Liabilities / Assets

98th percentile

1.51x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

4.64x

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

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

23rd percentile

-3.5%

Higher net margin than 23% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

30th percentile

$327,388

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

28th percentile

0.6%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2021 to 2024

Revenue Growth

42nd percentile

4.3%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2021 to 2024

Assets

$117,124,206

No earlier filing loaded for comparison.

Liabilities

$176,466,878

No earlier filing loaded for comparison.

Net Assets

-$59,342,672

No earlier filing loaded for comparison.

Revenue

$38,045,607

No earlier filing loaded for comparison.

Expenses

$39,366,896

No earlier filing loaded for comparison.

Net Income

-$1,321,289

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$200M$100M$0-$100MAssets 2010: $154,676,710Liabilities 2010: $156,192,482Net Assets 2010: -$1,515,7722010Assets 2011: $148,382,651Liabilities 2011: $154,333,119Net Assets 2011: -$5,950,4682011Assets 2012: $141,671,507Liabilities 2012: $160,041,803Net Assets 2012: -$18,370,2962012Assets 2013: $147,000,393Liabilities 2013: $169,046,867Net Assets 2013: -$22,046,4742013Assets 2014: $146,740,832Liabilities 2014: $170,032,697Net Assets 2014: -$23,291,8652014Assets 2015: $144,610,286Liabilities 2015: $172,425,138Net Assets 2015: -$27,814,8522015Assets 2016: $138,474,727Liabilities 2016: $172,667,865Net Assets 2016: -$34,193,1382016Assets 2017: $129,290,468Liabilities 2017: $168,270,429Net Assets 2017: -$38,979,9612017Assets 2018: $126,205,887Liabilities 2018: $172,609,810Net Assets 2018: -$46,403,9232018Assets 2019: $122,477,526Liabilities 2019: $173,608,183Net Assets 2019: -$51,130,6572019Assets 2020: $121,577,426Liabilities 2020: $178,164,173Net Assets 2020: -$56,586,7472020Assets 2021: $115,088,411Liabilities 2021: $172,401,088Net Assets 2021: -$57,312,6772021Assets 2024: $117,124,206Liabilities 2024: $176,466,878Net Assets 2024: -$59,342,6722024

Highlighted filing

2024

Assets$117,124,206
Liabilities$176,466,878
Net Assets-$59,342,672

Operations Trend

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

$40M$20M$0-$20MExpenses 2010: $20,102,6702010Expenses 2011: $26,692,8722011Expenses 2012: $27,893,5942012Expenses 2013: $29,921,5512013Revenue 2014: $28,275,287Expenses 2014: $29,658,573Net Income 2014: -$1,383,2862014Revenue 2015: $27,339,692Expenses 2015: $31,693,788Net Income 2015: -$4,354,0962015Revenue 2016: $26,586,092Expenses 2016: $32,806,420Net Income 2016: -$6,220,3282016Revenue 2017: $28,611,144Expenses 2017: $32,772,838Net Income 2017: -$4,161,6942017Revenue 2018: $28,106,567Expenses 2018: $34,249,723Net Income 2018: -$6,143,1562018Revenue 2019: $34,542,058Expenses 2019: $37,068,658Net Income 2019: -$2,526,6002019Revenue 2020: $31,670,163Expenses 2020: $36,756,145Net Income 2020: -$5,085,9822020Revenue 2021: $33,520,446Expenses 2021: $35,616,980Net Income 2021: -$2,096,5342021Revenue 2024: $38,045,607Expenses 2024: $39,366,896Net Income 2024: -$1,321,2892024

Highlighted filing

2024

Revenue$38,045,607
Expenses$39,366,896
Net Income-$1,321,289

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$117$176$59.3$38.0$39.4$1.32
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$115$172$57.3$33.5$35.6$2.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$122$178$56.6$31.7$36.8$5.09
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$122$174$51.1$34.5$37.1$2.53
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$126$173$46.4$28.1$34.2$6.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$129$168$39.0$28.6$32.8$4.16
2016Detailed filing. Detailed filing data is available for this year.$138$173$34.2$26.6$32.8$6.22
2015Detailed filing. Detailed filing data is available for this year.$145$172$27.8$27.3$31.7$4.35
2014Detailed filing. Detailed filing data is available for this year.$147$170$23.3$28.3$29.7$1.38
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$147$169$22.0$29.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$142$160$18.4$27.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$148$154$5.95$26.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$155$156$1.52$20.1
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Jun 6, 2025
Return Version
2023v6.0
Gross Receipts
$38,074,386
Mission and Program Overview

Mission

Trezevant Manor, an interfaith community, enables senior adults to enjoy independence, security,and the highest quality of living through personalized sevices, pleasurable and enriching activitites and the guarantee of appropriate health services for life.

Planned unit residential life care community to provide housing, health care and related services to senior adults

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$80,661,922$79,988,342▼ $673,580
Investments Program Related$11,563,220$13,487,634▲ $1,924,414
Cash and Non-Interest-Bearing Accounts$8,574,659$8,988,212▲ $413,553
Investments in Publicly Traded Securities$7,095,772$7,380,939▲ $285,167
Savings and Temporary Cash Investments$3,481,139$3,808,371▲ $327,232
Accounts Receivable$3,084,489$2,824,949▼ $259,540
Prepaid Expenses and Deferred Charges$515,884$539,083▲ $23,199
Inventories for Sale or Use$112,430$106,676▼ $5,754
Total Assets$115,089,515$117,124,206▲ $2,034,691
Liabilities
Tax Exempt Bond Liabilities$94,573,787$92,860,719▼ $1,713,068
Other Liabilities$36,543,288$38,542,608▲ $1,999,320
Deferred Revenue$36,073,775$36,763,974▲ $690,199
Accounts Payable and Accrued Expenses$7,616,010$7,819,763▲ $203,753
Mortgage Notes Payable Secured by Investment Property$502,700$479,814▼ $22,886
Total Liabilities$175,309,560$176,466,878▲ $1,157,318
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-60,220,045$-59,342,672▲ $877,373
Total Net Assets Fund Balance$-60,220,045$-59,342,672▲ $877,373
Total Liabilities and Net Assets / Fund Balance$115,089,515$117,124,206▲ $2,034,691

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$70,325,390$79,175,198$149,500,588
Equipment$2,576,338$15,105,203$17,681,541
Land$6,200,890-$6,200,890
Other Land Buildings$885,724-$885,724
Investment Program Related Org$13,487,634--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Donald SelheimerChief Financial OfficerFT$242,104$85,284$327,388
Kent PhillipsChief Executive OfficerFT$249,367$77,234$326,601
Libby Huff-kingMarketing DirectorFT$190,874$54,985$245,859
Paul MartinVP Health & WellnessFT$154,815$32,436$187,251
Brian WillmarthDirector-plant OperationsFT$136,436$34,225$170,661
John MikaelianDirector of Food ServicesFT$135,629$28,369$163,998
Terri PalmoreDirector of Nurses - HcFT$134,114$20,520$154,634

Board Members and Trustees

NameTitle
Bruce B HopkinsChairman (as of 2/24)
Shade RobinsonPast Chairman (as of 2/24)
Hunt CampbellVice Chair (as of 2/24)
A C Wharton JrBoard Member
Bob CraddockBoard Member
Calvin AndersonBoard Member
Clinton Penn Owen IiiBoard Member
Dr Dana NashBoard Member
Dr Randy TurnerBoard Member
George F Wortham Iii MdBoard Member
M Dell StinerBoard Member
Mike KeeneyBoard Member
Oscar P AdamsBoard Member
The Rev Mimsy JonesBoard Member
John D Ivy JrBoard Member (as of 2/24)
Juanita OrtizBoard Member (end Term 2/24)
Phil Mcneill JrBoard Member (end Term 2/24)
Estella Mayhue-greerSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Functional Pathways Of Tennessee LLCPhysical Therapy10133 SHERRILL BLVD, Knoxville, TN 37932$1,230,007
Guardian Midsouth PharmacyPharmacy ServicesPO BOX 415000, Nashville, TN 37241$288,804
Aaron's CleaningHouse Cleaning1185 CARROLTON, Memphis, TN 38127$220,225
Certified Medical Staffing LLCStaffing Services12669 PINCKLEY RD, Arlington, TN 38002$156,084
Process Heat & Controls LLCHvacPO BOX 727, West Memphis, AR 72303$155,735
Revenue and Support

Revenue Composition

Contributions and Grants
$1,289,204
Program Service Revenue
$35,303,876
Investment Income
$457,697
Other Revenue
$994,830
All Other Contributions
$1,289,204
Change in Net Assets
$-1,321,289

Audited Revenue Reconciliation

Revenue per Audited Statements
$38,017,651
Revenue Not Reported on Financial Statements
$27,956
Revenue Not Reported on Form 990
$2,198,662
Total Revenue per Audited Statements
$40,216,313
Total Revenue per Form 990
$38,045,607
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,509,335
Salaries, Compensation, and Employee Benefits$17,857,561
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$12,751,337$1,814,764-$14,566,101
Interest$4,617,781$590,520-$5,208,301
Depreciation Depletion$4,612,538$589,850-$5,202,388
Office Expenses$2,210,553$355,530-$2,566,083
Occupancy$1,422,979$181,970-$1,604,949
Fees for Services Other$1,279,011$238,310-$1,517,321
Other Employee Benefits$531,506$614,314-$1,145,820
Payroll Taxes$527,131$609,257-$1,136,388
Insurance$888,917$113,674-$1,002,591
Current Officers, Directors, Trustees, and Key Employees$33,402$678,124-$711,526
All Other Expenses$232,676$117,216-$349,892
Pension Plan Contributions$138,105$159,621-$297,726
Information Technology$233,059$29,803-$262,862
Other Expenses$170,096$14,215-$184,311
Advertising$4,522$137,517-$142,039
Travel$97,928$41,955-$139,883
Fees for Services Accounting-$80,997-$80,997
Fees for Service Investment Mgmnt Fees-$27,956-$27,956
Fees for Services Legal$11,936$1,526-$13,462
Conferences and Meetings$12,210$368-$12,578
Total Functional Expenses$32,607,871$6,759,025$0$39,366,896

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$39,366,896
Expenses per Audited Statements$39,338,940
Total Expenses per Audited Statements$39,338,940
Expenses Not Reported on Financial Statements$27,956
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
Refundable Entrance Fees$38,206,101
Deposits$336,507

Bond Issues

BondIssuerIssuedIssue PricePurpose
AHealth Educational and Housing Facility Board of Shelby County2013-03-01$59,900,000REFUND 2007 BONDS
CHealth Educational and Housing Facility Board of Shelby County2016-09-30$34,935,000REFUND 2006 BONDS
BHealth Educational and Housing Facility Board of Shelby County2013-03-01$6,575,000REFUND 2007 BONDS

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$60,407,557$52,252,249$2,075,000$2,175,611
C$35,013,555$33,348,994$3,855,000$740,363
B$6,575,000$6,369,418$225,000$115,063

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
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 A, Line 1A

The organization has an executive committee. It consists of two or more directors. The committee also consists of the chairman of the board, the vice-chairman of the board, the secretary of the board, and the chairman of the finance committee.

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

A copy of the 990 is provided to the board and is reviewed by the ceo and the cfo prior to irs submission.

Form 990, Part VI, Section B, Line 12C

Every year a conflict of interest policy and declarations page is mailed to all board of directors, committee members, officers and key employees. Each person must sign and return the form to the executive secretary. This was last done in 2023.

Form 990, Part VI, Section B, Line 15

Key officers and employees' salaries are reviewed by the board of directors. Industry data is reviewed during the process. Compensation is outlined in the employment agreements. This was last done in 2023.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request

Filing and Contact Details

Filer

Filer Name
Trezevant Episcopal Home
EIN
23-7363212
Phone
9013254000
Address
177 NORTH HIGHLAND, MEMPHIS, TN 38111

Signing Officer

Name
Kent Phillips
Title
Chief Executive Officer
Phone
9013254000
Signed
2025-06-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kent Phillips
Formed
1973
Legal Domicile
Tn
Voting Board Members
16
Independent Board Members
16
Employees
584
Volunteers
212

Preparer

Firm
Cliftonlarsonallen Llp
Address
420 SOUTH ORANGE AVENUE SUITE 900, ORLANDO, FL 32801
Preparer
Tina Henton
Phone
4078021200
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in interest in foundation 1,924,414.

FORM 990, PART XII, LINE 2C:

Processes have not changed from prior years.

Financial Statement Notes

PART X, LINE 2:

Trezevant's income tax returns are subject to review and examination by federal, state, and local authorities. Trezevant is not aware of any activities that would jeopardize its tax-exempt status and it is not aware of any activities that are subject to tax on unrelated business income or excise or other tax except for those that are already reported annually.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in interest in foundation 1,924,414.

Raw XML AppendixShowing 400 of 1,006 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PLANNED UNIT RESIDENTIAL LIFE CARE COMMUNITY TO PROVIDE HOUSING, HEALTH CARE AND RELATED SERVICES TO SENIOR ADULTS
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IRS990/Desc0THE LIFECARE PROGRAM INCLUDES ASSISTED LIVING AND MEMORY CARE IN TREZEVANT TERRACE AND SKILLED NURSING IN ALLEN MORGAN HEALTH AND REHABILITATION CENTER WITH ONE MEAL PER DAY, BI-WEEKLY HOUSEKEEPING AND WEEKLY LINEN SERVICE, FULL MAINTENANCE FOR RESIDENCES AND GROUNDS, VALET SERVICE AND ASSIGNED GARAGE PARKING, UTILITIES, SCHEDULED TRANSPORTATION, 24 HOUR SECURITY AND EMERGENCY RESPONSES AND A SCHEDULE OF SOCIAL, SPIRITUAL AND WELLNESS PROGRAMS.
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IRS990/MissionDesc0EACH DAY, WE WILL SERVE AS A PREMIER LIFECARE COMMUNITY AND A CELEBRATION OF LIFE FOR SENIOR ADULTS, SERVING EACH, ENRICHING EACH, PERSONALIZING AND SECURING PEACE OF MIND FOR ALL OF THEIR LIVES.
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