Civic Intelligence

Presbyterian Homes and Services of Kentucky Inc

EIN 61-1078924 • 501(c)3 • Louisville, KY

Profile

Financial and operational management of nusing facilities, assisted-living facilities, and retirement apartments. The organization has 290 nursing beds, 147 assisted-living apartments and 21 personal care beds.

Refreshing map…

2116 Buechel Bank RoadLouisville, KY 40218

phsk.org

Siviq Scores

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

Liabilities / Assets

77th percentile

0.52x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.75x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

58th percentile

8.0%

Higher net margin than 58% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

44th percentile

$169,321

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

5th percentile

-23%

Faster asset growth than 5% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

19th percentile

-10%

Faster revenue growth than 19% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$13,832,470

Down $4,212,269 (-23%) from 2023

Liabilities

Down

$7,212,061

Down $4,914,858 (-41%) from 2023

Net Assets

Up

$6,620,409

Up $702,589 (+12%) from 2023

Revenue

Down

$9,602,445

Down $1,083,099 (-10%) from 2023

Expenses

Down

$8,832,233

Down $5,217,406 (-37%) from 2023

Net Income

Up

$770,212

Up $4,134,307 (+123%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$20M$0-$20MAssets 2010: $4,183,517Liabilities 2010: $12,215,451Net Assets 2010: -$8,031,9342010Assets 2011: $4,083,145Liabilities 2011: $13,301,277Net Assets 2011: -$9,218,1322011Assets 2012: $4,408,401Liabilities 2012: $14,444,299Net Assets 2012: -$10,035,8982012Assets 2013: $4,929,427Liabilities 2013: $16,798,437Net Assets 2013: -$11,869,0102013Assets 2014: $7,372,510Liabilities 2014: $20,444,304Net Assets 2014: -$13,071,7942014Assets 2015: $7,976,715Liabilities 2015: $21,582,284Net Assets 2015: -$13,605,5692015Assets 2016: $5,288,735Liabilities 2016: $22,206,287Net Assets 2016: -$16,917,5522016Assets 2017: $12,836,234Liabilities 2017: $29,501,307Net Assets 2017: -$16,665,0732017Assets 2018: $12,190,945Liabilities 2018: $11,421,504Net Assets 2018: $769,4412018Assets 2019: $14,197,611Liabilities 2019: $11,739,995Net Assets 2019: $2,457,6162019Assets 2020: $19,283,473Liabilities 2020: $15,762,836Net Assets 2020: $3,520,6372020Assets 2021: $21,197,492Liabilities 2021: $14,607,992Net Assets 2021: $6,589,5002021Assets 2022: $22,975,436Liabilities 2022: $13,788,803Net Assets 2022: $9,186,6332022Assets 2023: $18,044,739Liabilities 2023: $12,126,919Net Assets 2023: $5,917,8202023Assets 2024: $13,832,470Liabilities 2024: $7,212,061Net Assets 2024: $6,620,4092024

Highlighted filing

2024

Assets$13,832,470
Liabilities$7,212,061
Net Assets$6,620,409

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2010: $22,003,978Expenses 2010: $23,016,517Net Income 2010: -$1,012,5392010Revenue 2011: $22,597,119Expenses 2011: $23,779,566Net Income 2011: -$1,182,4472011Revenue 2012: $23,100,880Expenses 2012: $23,922,666Net Income 2012: -$821,7862012Revenue 2013: $24,179,646Expenses 2013: $26,011,874Net Income 2013: -$1,832,2282013Revenue 2014: $23,996,460Expenses 2014: $25,198,547Net Income 2014: -$1,202,0872014Revenue 2015: $23,696,167Expenses 2015: $24,222,831Net Income 2015: -$526,6642015Revenue 2016: $23,513,140Expenses 2016: $26,825,583Net Income 2016: -$3,312,4432016Revenue 2017: $23,105,793Expenses 2017: $22,860,166Net Income 2017: $245,6272017Revenue 2018: $23,214,887Expenses 2018: $23,113,321Net Income 2018: $101,5662018Revenue 2019: $24,504,564Expenses 2019: $22,955,125Net Income 2019: $1,549,4392019Revenue 2020: $19,679,997Expenses 2020: $17,946,395Net Income 2020: $1,733,6022020Revenue 2021: $21,992,512Expenses 2021: $19,115,616Net Income 2021: $2,876,8962021Revenue 2022: $20,905,991Expenses 2022: $18,190,129Net Income 2022: $2,715,8622022Revenue 2023: $10,685,544Expenses 2023: $14,049,639Net Income 2023: -$3,364,0952023Revenue 2024: $9,602,445Expenses 2024: $8,832,233Net Income 2024: $770,2122024

Highlighted filing

2024

Revenue$9,602,445
Expenses$8,832,233
Net Income$770,212

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.8$7.21$6.62$9.60$8.83$0.77
2023Summary only. Only limited summary data is available for this year.$18.0$12.1$5.92$10.7$14.0$3.36
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.0$13.8$9.19$20.9$18.2$2.72
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.2$14.6$6.59$22.0$19.1$2.88
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.3$15.8$3.52$19.7$17.9$1.73
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$11.7$2.46$24.5$23.0$1.55
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.2$11.4$0.77$23.2$23.1$0.10
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.8$29.5$16.7$23.1$22.9$0.25
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.29$22.2$16.9$23.5$26.8$3.31
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.98$21.6$13.6$23.7$24.2$0.53
2014Detailed filing. Detailed filing data is available for this year.$7.37$20.4$13.1$24.0$25.2$1.20
2013Detailed filing. Detailed filing data is available for this year.$4.93$16.8$11.9$24.2$26.0$1.83
2012Summary only. Only limited summary data is available for this year.$4.41$14.4$10.0$23.1$23.9$0.82
2011Summary only. Only limited summary data is available for this year.$4.08$13.3$9.22$22.6$23.8$1.18
2010Summary only. Only limited summary data is available for this year.$4.18$12.2$8.03$22.0$23.0$1.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$9,602,445
Mission and Program Overview

Mission

Financial and operational management of nursing facilities, assisted-living facilities, and retirement apartments. The organization has 290 nursing beds, 147 assisted-living apartments and 21 personal care beds.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,929,481$11,999,715▼ $2,929,766
Cash and Non-Interest-Bearing Accounts$897,957$1,270,782▲ $372,825
Accounts Receivable$663,996$190,324▼ $473,672
Prepaid Expenses and Deferred Charges$132,679$107,583▼ $25,096
Investments in Publicly Traded Securities$1,173,478$107,394▼ $1,066,084
Inventories for Sale or Use$71,896$71,896→ $0
Pledges and Grants Receivable$71,817--
Savings and Temporary Cash Investments$5,672$6,803▲ $1,131
Total Assets$18,044,739$13,832,470▼ $4,212,269
Other Assets Total$97,763$77,973▼ $19,790
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,173,884$4,889,717▼ $5,284,167
Accounts Payable and Accrued Expenses$1,907,857$2,028,761▲ $120,904
Other Liabilities$44,211$293,583▲ $249,372
Deferred Revenue$967--
Total Liabilities$12,126,919$7,212,061▼ $4,914,858
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,716,502$6,432,131▲ $715,629
Net Assets With Donor Restrictions$201,318$188,278▼ $13,040
Total Net Assets Fund Balance$5,917,820$6,620,409▲ $702,589
Total Liabilities and Net Assets / Fund Balance$18,044,739$13,832,470▼ $4,212,269

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,705,920$12,882,052$14,587,972
Other Land Buildings$8,766,085$269,084$9,035,169
Equipment$281,667$3,398,393$3,680,060
Land$953,226-$953,226
Leasehold Improvements$292,817$70,501$363,318

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$104,912-▲ $2,198-$107,110
2023$95,834-▲ $9,078-$104,912
2022$119,971-▼ $24,137-$95,834
2021$106,757-▲ $13,214-$119,971
2020$101,785-▲ $4,972-$106,757
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Harriet WagnerPresident/CEOFT$167,316$2,005$169,321
Mr Ben DurhamExecutive Vice PresidentFT$69,143$731$69,874

Highest Paid Contractors

ContractorServicesLocationCompensation
Broad River RehabilitationTherapy Services1 POND STREET, Arden, NC 28704$306,952
Nursestat LLCStaffing226 MORRIS DR, Harrodsburg, KY 40330$122,077
Revenue and Support

Revenue Composition

Contributions and Grants
$71,469
Program Service Revenue
$5,968,069
Investment Income
$3,562,907
Other Revenue
$0
All Other Contributions
$71,469
Change in Net Assets
$770,212
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,448,882
Salaries, Compensation, and Employee Benefits$4,383,351
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,968,326$757,918-$3,726,244
Insurance$488,827$124,815-$613,642
Depreciation Depletion$458,731$117,130-$575,861
Occupancy$385,946$98,545-$484,491
Interest$355,668$90,814-$446,482
Other Employee Benefits$300,135$76,635-$376,770
Fees for Services Accounting$262,031$66,906-$328,937
Office Expenses$256,476$65,487-$321,963
Payroll Taxes$216,014$55,156-$271,170
Other Expenses$193,607$49,435-$243,042
Information Technology$111,297$28,418-$139,715
All Other Expenses$51,965$13,269-$65,234
Advertising$9,766$2,494-$12,260
Pension Plan Contributions$7,302$1,865-$9,167
Conferences and Meetings$2,415$617-$3,032
Travel$2,308$589-$2,897
Fees for Services Legal$1,219$311-$1,530
Total Functional Expenses$7,035,757$1,796,476$0$8,832,233
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
Due to Affiliate$251,743
Tenant Security Deposits$37,650
Security Deposits$4,190
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The form 990 is presented to the board of trustees at the board meeting immediately preceding the filing deadline for form 990.

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

Annually, trustees and executive officers of the organization sign a certification which affirms the individual has received a copy of the organization's conflict of interest policy and has read and understood the policy. If a conflict of interest should arise, the interested person must disclose the conflict and the material facts to the trustees. Also, all conflicts of interest that do arise are documented in the board minutes.

Form 990, Part VI, Section B, Line 15

The president/ceo's compensation is set by recommendation of the finance & governance committee to the full board. Salaries for other officers are set by the ceo in consultation with the finance & governance committee and contracted cfo.

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. The organization also makes its form 990 available to the public on guidestar's website.

Filing and Contact Details

Filer

Filer Name
Presbyterian Homes and Services
EIN
61-1078924
Phone
5022599101
Address
2116 BUECHEL BANK ROAD, LOUISVILLE, KY 40218

Signing Officer

Name
Harriet Wagner
Title
President/ CEO
Phone
5022599101
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harriet Wagner
Formed
1985
Legal Domicile
Ky
Voting Board Members
7
Independent Board Members
7
Employees
233
Volunteers
18

Preparer

Firm
Jones Nale & Mattingly Plc
Address
401 WEST MAIN STREET SUITE 1100, LOUISVILLE, KY 40202
Preparer
Travis C Frick
Phone
5025830248
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in related interorganizational loans -182,833. Equity from lmt partner tax credit 56,414.

Form 990, Part XIII, Line 2C

Oversight: the finance & governance committee oversees the selection of independent auditors. The finance & governance committee reviews and approves the annual financial statement audit. The finance & governance committee presents the annual financial statements to the full board of directors.

Financial Statement Notes

PART X, LINE 2:

The organization's accounting policy provides that a tax expense/benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. The organization has no uncertain tax positions resulting in an accrual of tax expense or benefit.

Raw XML AppendixShowing 400 of 621 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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IRS990/AccountsReceivableGrp/EOYAmt0190324
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0ANSWERING 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.
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