Civic Intelligence

Presbyterian Homes of Charlotte Inc.

990 • Fiscal year 2020 • EIN 59-1759909

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 21, 2021

2295 Aaron StreetPort Charlotte, FL 33952

(941) 629-6664

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.94x

Higher debt load relative to assets than 92% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

3.36x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

20th percentile

-13%

Higher net margin than 20% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

15th percentile

-5.1%

Faster asset growth than 15% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

51st percentile

1.4%

Faster revenue growth than 51% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$3,258,351

Down $175,947 (-5.1%) from 2019

Net Assets

Down

$204,668

Down $121,127 (-37%) from 2019

Liabilities

Down

$3,053,683

Down $54,820 (-1.8%) from 2019

Revenue

Up

$908,676

Up $12,176 (+1.4%) from 2019

Expenses

Up

$1,029,803

Up $145 (+0.0%) from 2019

Net Income

Up

-$121,127

Up $12,031 (+9.0%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$2.0M$0-$2.0MAssets 2011: $1,772,380Liabilities 2011: $1,186,365Net Assets 2011: $586,0152011Assets 2012: $1,712,134Liabilities 2012: $1,068,183Net Assets 2012: $643,9512012Assets 2013: $1,647,923Liabilities 2013: $940,495Net Assets 2013: $707,4282013Assets 2014: $1,590,705Liabilities 2014: $801,512Net Assets 2014: $789,1932014Assets 2015: $1,523,209Liabilities 2015: $660,781Net Assets 2015: $862,4282015Assets 2016: $1,489,508Liabilities 2016: $534,583Net Assets 2016: $954,9252016Assets 2017: $3,968,725Liabilities 2017: $3,406,650Net Assets 2017: $562,0752017Assets 2018: $3,610,629Liabilities 2018: $3,151,316Net Assets 2018: $459,3132018Assets 2019: $3,434,298Liabilities 2019: $3,108,503Net Assets 2019: $325,7952019Assets 2020: $3,258,351Liabilities 2020: $3,053,683Net Assets 2020: $204,6682020Assets 2021: $3,112,291Liabilities 2021: $3,020,452Net Assets 2021: $91,8392021Assets 2022: $2,897,777Liabilities 2022: $2,971,567Net Assets 2022: -$73,7902022Assets 2023: $2,686,409Liabilities 2023: $2,893,288Net Assets 2023: -$206,8792023Assets 2024: $2,382,157Liabilities 2024: $2,723,645Net Assets 2024: -$341,4882024

Highlighted filing

2020

Assets$3,258,351
Liabilities$3,053,683
Net Assets$204,668

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $783,391Expenses 2011: $750,713Net Income 2011: $32,6782011Revenue 2012: $798,577Expenses 2012: $740,641Net Income 2012: $57,9362012Revenue 2013: $807,023Expenses 2013: $743,546Net Income 2013: $63,4772013Revenue 2014: $830,567Expenses 2014: $748,802Net Income 2014: $81,7652014Revenue 2015: $830,726Expenses 2015: $757,491Net Income 2015: $73,2352015Revenue 2016: $847,482Expenses 2016: $754,985Net Income 2016: $92,4972016Revenue 2017: $863,559Expenses 2017: $1,256,409Net Income 2017: -$392,8502017Revenue 2018: $876,484Expenses 2018: $979,246Net Income 2018: -$102,7622018Revenue 2019: $896,500Expenses 2019: $1,029,658Net Income 2019: -$133,1582019Revenue 2020: $908,676Expenses 2020: $1,029,803Net Income 2020: -$121,1272020Revenue 2021: $929,484Expenses 2021: $1,042,313Net Income 2021: -$112,8292021Revenue 2022: $951,824Expenses 2022: $1,117,453Net Income 2022: -$165,6292022Revenue 2023: $998,017Expenses 2023: $1,131,106Net Income 2023: -$133,0892023Revenue 2024: $1,042,483Expenses 2024: $1,177,092Net Income 2024: -$134,6092024

Highlighted filing

2020

Revenue$908,676
Expenses$1,029,803
Net Income-$121,127
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 21, 2021
Return Version
2020v4.0
Gross Receipts
$908,676
Mission and Program Overview

Mission

Low-rent government assisted housing for the elderly.

Low rent government assisted housing for elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,989,770$1,849,144▼ $140,626
Savings and Temporary Cash Investments$1,244,581$1,215,906▼ $28,675
Intangible Assets$157,237$152,323▼ $4,914
Prepaid Expenses and Deferred Charges$14,257$22,793▲ $8,536
Cash and Non-Interest-Bearing Accounts$19,278$16,479▼ $2,799
Accounts Receivable$9,175$1,706▼ $7,469
Total Assets$3,434,298$3,258,351▼ $175,947
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,042,372$2,991,597▼ $50,775
Other Liabilities$32,035$31,699▼ $336
Accounts Payable and Accrued Expenses$34,096$30,387▼ $3,709
Total Liabilities$3,108,503$3,053,683▼ $54,820
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$325,795$204,668▼ $121,127
Total Net Assets Fund Balance$325,795$204,668▼ $121,127
Total Liabilities and Net Assets / Fund Balance$3,434,298$3,258,351▼ $175,947

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,578,344-$4,578,344
Equipment$1,050,285-$1,050,285
Land$170,955-$170,955
Other Land Buildings$-3,950,440$3,950,440-
Compensation and Service Providers

Board Members and Trustees

NameTitle
James WilsonPresident
Betty BradyDirector
Doris GuentherDirector
Faith BattanDirector
Jim AlexisDirector
Jim ReedDirector
John NelsonDirector
John SnappDirector
Laura MillerDirector
Lynn KnoxDirector
Robert PrittDirector
Ron MontwidDirector
Sharon Lee BowmanDirector
Tom Miner2nd Vice Pre
Scott BoggsAssistant Se
Diana FredricksAssistant Tr
Helen ShawSecretary
Nancy Clark MillerTreasurer
Nathaniel PieperVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$900,161
Investment Income
$1,621
Other Revenue
$6,894
Change in Net Assets
$-121,127

Audited Revenue Reconciliation

Revenue per Audited Statements
$908,676
Total Revenue per Audited Statements
$908,676
Total Revenue per Form 990
$908,676
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$669,625
Salaries, Compensation, and Employee Benefits$360,178
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$265,748--$265,748
Depreciation Depletion$244,298--$244,298
Interest$108,239--$108,239
Occupancy$85,291--$85,291
Fees for Services Management$68,307--$68,307
Other Employee Benefits$56,820--$56,820
Insurance$31,616--$31,616
Payroll Taxes$19,496--$19,496
Pension Plan Contributions$18,114--$18,114
Office Expenses$9,834--$9,834
Other Expenses$7,495--$7,495
Fees for Services Accounting$5,500--$5,500
All Other Expenses$2,995--$2,995
Advertising$261--$261
Conferences and Meetings$145--$145
Total Functional Expenses$1,029,803$0$0$1,029,803

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,029,803
Total Expenses per Audited Statements$1,029,803
Total Expenses per Form 990$1,029,803
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
Security Deposit$31,699
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed and approved by the board of directors before filing.

Form 990, Page 6, Part VI, Line 15A

The compensation for the organization's executive director is reviewed and approved annually by the board of directors.

Form 990, Page 6, Part VI, 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
Presbyterian Homes of
EIN
59-1759909
Phone
9416296664
Address
2295 AARON STREET, PORT CHARLOTTE, FL 33952

Signing Officer

Name
Deje Wray Peterson
Title
Executive Director
Phone
8885688288
Signed
2021-03-21

Organization Details

Principal Officer
James Wilson
Voting Board Members
19
Independent Board Members
19
Employees
0

Preparer

Firm
DEES & DEES CPA'S PA
Address
3440 CONWAY BLVD SUITE 2C, PORT CHARLOTTE, FL 33952
Preparer
Fred B Dees Jr
Phone
9416297595
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IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt085291
IRS990/OccupancyGrp/TotalAmt085291
IRS990/OfficeExpensesGrp/ProgramServicesAmt09834
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IRS990/OtherExpensesGrp/ProgramServicesAmt140158
IRS990/OtherExpensesGrp/ProgramServicesAmt223060
IRS990/OtherExpensesGrp/ProgramServicesAmt37495
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IRS990/OtherExpensesGrp/TotalAmt140158
IRS990/OtherExpensesGrp/TotalAmt223060
IRS990/OtherExpensesGrp/TotalAmt37495
IRS990/OtherLiabilitiesGrp/BOYAmt032035
IRS990/OtherLiabilitiesGrp/EOYAmt031699
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY AND VENDING
IRS990/OtherRevenueMiscGrp/Desc1OTHER
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IRS990/OtherRevenueTotalAmt06894
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0265748
IRS990/OtherSalariesAndWagesGrp/TotalAmt0265748
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt019496
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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt018114
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014257
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022793
IRS990/PrincipalOfficerNm0JAMES WILSON
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0900161
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02472
IRS990/PYOtherExpensesAmt0700583
IRS990/PYOtherRevenueAmt08815
IRS990/PYProgramServiceRevenueAmt0885213
IRS990/PYRevenuesLessExpensesAmt0-133518
IRS990/PYSalariesCompEmpBnftPaidAmt0329435
IRS990/PYTotalExpensesAmt01030018
IRS990/PYTotalRevenueAmt0896500
IRS990/ReconcilationRevenueExpnssAmt0-121127
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt01215906
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02472
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01484
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02292
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0835
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt08704
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0907055
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0894028
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0875000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0861267
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0846647
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04383997
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01621
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02472
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01484
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02292
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0835
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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99800
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0861267
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0846647
IRS990ScheduleA/Total509Grp/TotalAmt04383997
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0908676
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0896500
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0876484
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0863559
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0847482
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04392701
IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04578344
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01050285
IRS990ScheduleD/ExpensesSubtotalAmt01029803
IRS990ScheduleD/LandGrp/BookValueAmt0170955
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0170955
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-3950440
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03950440
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt031699
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IRS990ScheduleD/TotalExpensesPerForm990Amt01029803
IRS990ScheduleD/TotalLiabilityAmt031699
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPENSATION FOR THE ORGANIZATION'S EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03434298
IRS990/TotalAssetsEOYAmt03258351
IRS990/TotalAssetsGrp/BOYAmt03434298
IRS990/TotalAssetsGrp/EOYAmt03258351
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01029803
IRS990/TotalFunctionalExpensesGrp/TotalAmt01029803
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03108503
IRS990/TotalLiabilitiesEOYAmt03053683

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.38$2.72$0.34$1.04$1.18$0.13
2023Detailed filing. Detailed filing data is available for this year.$2.69$2.89$0.21$1.00$1.13$0.13
2022Detailed filing. Detailed filing data is available for this year.$2.90$2.97$0.07$0.95$1.12$0.17
2021Detailed filing. Detailed filing data is available for this year.$3.11$3.02$0.09$0.93$1.04$0.11
2020Detailed filing. Detailed filing data is available for this year.$3.26$3.05$0.20$0.91$1.03$0.12
2019Summary only. Only limited summary data is available for this year.$3.43$3.11$0.33$0.90$1.03$0.13
2018Summary only. Only limited summary data is available for this year.$3.61$3.15$0.46$0.88$0.98$0.10
2017Summary only. Only limited summary data is available for this year.$3.97$3.41$0.56$0.86$1.26$0.39
2016Summary only. Only limited summary data is available for this year.$1.49$0.53$0.95$0.85$0.75$0.09
2015Summary only. Only limited summary data is available for this year.$1.52$0.66$0.86$0.83$0.76$0.07
2014Summary only. Only limited summary data is available for this year.$1.59$0.80$0.79$0.83$0.75$0.08
2013Summary only. Only limited summary data is available for this year.$1.65$0.94$0.71$0.81$0.74$0.06
2012Summary only. Only limited summary data is available for this year.$1.71$1.07$0.64$0.80$0.74$0.06
2011Summary only. Only limited summary data is available for this year.$1.77$1.19$0.59$0.78$0.75$0.03
Peer Organizations

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