Civic Intelligence

Psalms Inc.

990 • Fiscal year 2023 • EIN 62-1106224

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 19, 2025

Organization ProfileWWW.KIRBYPINES.COM

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3535 Kirby ParkwayMemphis, TN 38115

(901) 365-3665

Siviq Scores

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

Liabilities / Assets

97th percentile

1.34x

Higher debt load relative to assets than 97% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

91st percentile

3.69x

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

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Net Margin

13th percentile

-18%

Higher net margin than 13% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

9th percentile

$121,815

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Asset Growth

15th percentile

-3.2%

Faster asset growth than 15% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

36th percentile

-1.2%

Faster revenue growth than 36% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$71,757,299

Down $2,402,674 (-3.2%) from 2022

Net Assets

Down

-$24,290,219

Down $4,458,624 (-22%) from 2022

Liabilities

Up

$96,047,518

Up $2,055,950 (+2.2%) from 2022

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin13th percentile

Revenue

Down

$25,994,892

Down $309,510 (-1.2%) from 2022

Expenses

Up

$30,654,281

Up $404,844 (+1.3%) from 2022

Net Income

Down

-$4,659,389

Down $714,354 (-18%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

$100M$50M$0-$50MAssets 2010: $69,920,129Liabilities 2010: $88,358,710Net Assets 2010: -$18,438,5812010Assets 2011: $72,603,022Liabilities 2011: $91,899,399Net Assets 2011: -$19,296,3772011Assets 2012: $71,986,158Liabilities 2012: $91,049,834Net Assets 2012: -$19,063,6762012Assets 2013: $73,910,943Liabilities 2013: $92,736,692Net Assets 2013: -$18,825,7492013Assets 2014: $74,181,743Liabilities 2014: $92,634,218Net Assets 2014: -$18,452,4752014Assets 2015: $73,809,338Liabilities 2015: $91,359,583Net Assets 2015: -$17,550,2452015Assets 2016: $74,928,076Liabilities 2016: $92,079,765Net Assets 2016: -$17,151,6892016Assets 2017: $75,614,690Liabilities 2017: $91,678,390Net Assets 2017: -$16,063,7002017Assets 2018: $75,783,998Liabilities 2018: $92,367,660Net Assets 2018: -$16,583,6622018Assets 2019: $76,123,700Liabilities 2019: $93,725,723Net Assets 2019: -$17,602,0232019Assets 2020: $77,389,222Liabilities 2020: $91,961,929Net Assets 2020: -$14,572,7072020Assets 2021: $74,570,809Liabilities 2021: $90,947,507Net Assets 2021: -$16,376,6982021Assets 2022: $74,159,973Liabilities 2022: $93,991,568Net Assets 2022: -$19,831,5952022Assets 2023: $71,757,299Liabilities 2023: $96,047,518Net Assets 2023: -$24,290,2192023

Highlighted filing

2023

Assets$71,757,299
Liabilities$96,047,518
Net Assets-$24,290,219
Open 2023 Filing

Operations Trend

Revenue Growth36th percentile

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $24,141,4132010Expenses 2011: $25,857,8712011Expenses 2012: $26,513,5502012Revenue 2013: $27,139,775Expenses 2013: $26,874,043Net Income 2013: $265,7322013Revenue 2014: $27,946,230Expenses 2014: $27,605,156Net Income 2014: $341,0742014Revenue 2015: $28,905,473Expenses 2015: $28,112,769Net Income 2015: $792,7042015Revenue 2016: $28,621,719Expenses 2016: $28,188,466Net Income 2016: $433,2532016Revenue 2017: $30,091,146Expenses 2017: $28,960,689Net Income 2017: $1,130,4572017Revenue 2018: $29,273,846Expenses 2018: $29,723,661Net Income 2018: -$449,8152018Revenue 2019: $30,140,651Expenses 2019: $31,203,297Net Income 2019: -$1,062,6462019Revenue 2020: $33,983,532Expenses 2020: $30,711,013Net Income 2020: $3,272,5192020Revenue 2021: $27,771,852Expenses 2021: $29,937,046Net Income 2021: -$2,165,1942021Revenue 2022: $26,304,402Expenses 2022: $30,249,437Net Income 2022: -$3,945,0352022Revenue 2023: $25,994,892Expenses 2023: $30,654,281Net Income 2023: -$4,659,3892023

Highlighted filing

2023

Revenue$25,994,892
Expenses$30,654,281
Net Income-$4,659,389
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 19, 2025
Return Version
2023v6.0
Gross Receipts
$26,187,520
Mission and Program Overview

Mission

To faithfully serve our residents by offering them security for life, excellence in all we do, respect for individual differences and a vibrant lifestyle in an enriching environment.

Psalms, inc. D/b/a kirby pines retirement community is dedicated to providing residents with a quality lifestyle in a quality envirnment, supporting the concept of continued independence as a prioity in the life care decision.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$45,101,435$44,759,972▼ $341,463
Cash and Non-Interest-Bearing Accounts$2,598,887$4,513,088▲ $1,914,201
Savings and Temporary Cash Investments$4,468,162--
Accounts Receivable$1,750,940$1,232,098▼ $518,842
Investments in Publicly Traded Securities$868,424$852,861▼ $15,563
Investments Other Securities$416,074$423,807▲ $7,733
Inventories for Sale or Use$249,884$240,530▼ $9,354
Intangible Assets$365,206$184,459▼ $180,747
Prepaid Expenses and Deferred Charges$300,731$65,403▼ $235,328
Total Assets$74,159,973$71,757,299▼ $2,402,674
Other Assets Total$18,040,230$19,485,081▲ $1,444,851
Liabilities
Other Liabilities$27,969,623$38,372,842▲ $10,403,219
Deferred Revenue$34,326,690$32,016,706▼ $2,309,984
Mortgage Notes Payable Secured by Investment Property$22,086,039$13,626,718▼ $8,459,321
Accounts Payable and Accrued Expenses$9,609,216$12,031,252▲ $2,422,036
Total Liabilities$93,991,568$96,047,518▲ $2,055,950
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-19,831,595$-24,290,219▼ $4,458,624
Total Net Assets Fund Balance$-19,831,595$-24,290,219▼ $4,458,624
Total Liabilities and Net Assets / Fund Balance$74,159,973$71,757,299▼ $2,402,674

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,903,573$46,401,652$57,305,225
Leasehold Improvements$22,019,131$12,306,426$34,325,557
Other Land Buildings$10,324,851-$10,324,851
Equipment$512,730$3,487,284$4,000,014
Land$999,687-$999,687
Other Assets Org$530,760--
Compensation and Service Providers
Top Officer Pay9th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shapell L GatesRegistered NurseFT$119,059$2,756$121,815
Barry N RossellLicensed Practical NurseFT$115,548$5,690$121,238
Michael a RayderDirector of GroundsFT$111,189$1,180$112,369
Anna R BradfordNursing Home AdministratorFT$109,444$671$110,115
Mark SimpsonDirector of CulinaryFT$105,975$408$106,383
Rudolf W HerzkePresidentPT$52,811-$52,811
Berry E TerrySecretary/treasurer-$27,570-$27,570
Boyd Rhodes JrDirector-$18,045-$18,045
Dr James LatimerChairman-$17,265-$17,265

Board Members and Trustees

NameTitle
Jim EthridgeDirector
Linda HarringtonDirector
Mary Ann HodgesDirector
Rusty E LinkusDirector
Larry BraughtonSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Retirement Companies Of America LLCConsulting Services6465 N QUAIL HOLLOW RD SUITE 400, Memphis, TN 38120$1,558,585
Professional Construction Solutions LLCConstruction Services128 BEVERLY DRIVE, Atoka, TN 38004$1,053,157
Magnolia Landscaping Services LLCLandscaping ServicesPO BOX 25447, Memphis, TN 38125$586,669
Functional Pathways Of Tennessee LLCProgram Services10133 SHERRILL BLVD SUITE 200, Knoxville, TN 37932$472,741
Contact Group LLCConstruction Services2154 HILLSHIRE CIRCLE, Memphis, TN 38133$297,313
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$24,666,543
Investment Income
$1,250,729
Other Revenue
$77,620
Change in Net Assets
$-4,659,389

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,994,892
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$200,765
Total Revenue per Audited Statements
$26,195,657
Total Revenue per Form 990
$25,994,892
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,779,470
Salaries, Compensation, and Employee Benefits$9,874,811
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,712,203$922,399-$8,634,602
Fees for Services Other$4,713,629$448,788-$5,162,417
Depreciation Depletion$3,555,956$96,203-$3,652,159
Occupancy$2,556,918$197,862-$2,754,780
Interest$2,162,515$10,813-$2,173,328
Fees for Services Management$1,085,349$361,783-$1,447,132
Insurance$1,149,784$53,749-$1,203,533
Office Expenses$467,202$212,814-$680,016
Payroll Taxes$573,618$84,766-$658,384
Other Employee Benefits$340,069$176,945-$517,014
Information Technology-$328,279-$328,279
All Other Expenses$79,110$191,755-$270,865
Other Expenses$239,514$20,758-$260,272
Advertising$4,532$213,931-$218,463
Fees for Services Accounting-$171,066-$171,066
Fees for Services Legal-$165,729-$165,729
Current Officers, Directors, Trustees, and Key Employees-$64,811-$64,811
Travel$1,688$36,030-$37,718
Conferences and Meetings$3,083$1,870-$4,953
Total Functional Expenses$26,893,930$3,760,351$0$30,654,281

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$30,654,281
Total Expenses per Audited Statements$30,654,281
Total Expenses per Form 990$30,654,281
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
Refundable Fees$12,584,350
Wait List Deposits$9,737,538
Refundable Entrance Fees$6,997,176
Due to Luke, Inc.$5,040,412
Line of Credit$3,964,271
Rou Lease Liabilities$49,095
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Management duties are performed by retirement companies of america, llc, and its employees. The organization uses a management company, retirement companies of america, llc (rca), to manage the day-to-day operations in accordance with the organization's policies, directives, and goals. The executive director of the kirby pines retirement community is a rca employee. The filing organization reimbursed rca in the amount of $185,219 for executive director services provided during the current year.”

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

“Management is involved throughout the preparation of the 990. Management then reviews the 990 and provides a copy to the board of directors via email for approval.”

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

“Conflict of interest diclosures from the voting board members, officers, and charles s. Trammell jr. Are required on an annual basis and are reviewed by outside council.”

Form 990, Part VI, Section B, Line 15

“An independent consultant is hired to perform a comparability analysis which is then reviewed by outside council and approved by independent board members.”

Form 990, Part VI, Section C, Line 19

“All applicable policies are available upon request to the management company.”

Filing and Contact Details

Filer

Filer Name
Psalms Inc
EIN
62-1106224
Phone
9013653665
Address
3535 KIRBY PARKWAY, MEMPHIS, TN 38115
Doing Business As
Kirby Pines Retirement Community

Signing Officer

Name
Rudolf W Herzke
Title
President
Phone
9013653665
Signed
2025-02-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rudolf W Herzke
Formed
1983
Legal Domicile
Tn
Voting Board Members
8
Independent Board Members
6
Employees
410
Volunteers
82

Preparer

Firm
Msl Pa
Address
255 S ORANGE AVENUE SUITE 600, ORLANDO, FL 32801
Preparer
Kurt a Alter CPA
Phone
4077405400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Bond trustee fees: program service expenses 0. Management and general expenses 5,089. Fundraising expenses 0. Total expenses 5,089. Consultant fees: program service expenses 638,768. Management and general expenses 67,578. Fundraising expenses 0. Total expenses 706,346. Contract labor: program service expenses 4,074,861. Management and general expenses 376,121. Fundraising expenses 0. Total expenses 4,450,982.”

FORM 990, PART XI, LINE 9:

“Change in market value of interest rate swap -88,598. Change in cash surrender value of life insurance 133,101.”

Part XII, Line 2C

“The process has not changed from the prior year.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Change in market value of interest rate swap -88,598. Change in cash urrender value of life insurance 133,101.”

Raw XML AppendixShowing 400 of 682 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/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt92756
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt105690
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt111180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt12671
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt13408
IRS990/Form990PartVIISectionAGrp/PersonNm0RUDOLF W HERZKE
IRS990/Form990PartVIISectionAGrp/PersonNm1LARRY BRAUGHTON
IRS990/Form990PartVIISectionAGrp/PersonNm2DR JAMES LATIMER
IRS990/Form990PartVIISectionAGrp/PersonNm3JIM ETHRIDGE
IRS990/Form990PartVIISectionAGrp/PersonNm4LINDA HARRINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm5MARY ANN HODGES
IRS990/Form990PartVIISectionAGrp/PersonNm6RUSTY E LINKUS
IRS990/Form990PartVIISectionAGrp/PersonNm7BOYD RHODES JR
IRS990/Form990PartVIISectionAGrp/PersonNm8BERRY E TERRY
IRS990/Form990PartVIISectionAGrp/PersonNm9SHAPELL L GATES
IRS990/Form990PartVIISectionAGrp/PersonNm10BARRY N ROSSELL
IRS990/Form990PartVIISectionAGrp/PersonNm11MICHAEL A RAYDER
IRS990/Form990PartVIISectionAGrp/PersonNm12ANNA R BRADFORD
IRS990/Form990PartVIISectionAGrp/PersonNm13MARK SIMPSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt052811
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt217265
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt718045
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt827570
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9119059
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10115548
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11111189
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12109444
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13105975
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9REGISTERED NURSE
IRS990/Form990PartVIISectionAGrp/TitleTxt10LICENSED PRACTICAL NURSE
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR OF GROUNDS
IRS990/Form990PartVIISectionAGrp/TitleTxt12NURSING HOME ADMINISTRATOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF CULINARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0807372
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01000000
IRS990/GrossReceiptsAmt026187520
IRS990/GrossRentsGrp/RealAmt025200
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0328279
IRS990/InformationTechnologyGrp/TotalAmt0328279
IRS990/InsuranceGrp/ManagementAndGeneralAmt053749
IRS990/InsuranceGrp/ProgramServicesAmt01149784
IRS990/InsuranceGrp/TotalAmt01203533
IRS990/IntangibleAssetsGrp/BOYAmt0365206
IRS990/IntangibleAssetsGrp/EOYAmt0184459
IRS990/InterestGrp/ManagementAndGeneralAmt010813
IRS990/InterestGrp/ProgramServicesAmt02162515
IRS990/InterestGrp/TotalAmt02173328
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0249884
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0240530
IRS990/InvestmentIncomeGrp/ExclusionAmt0443357
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0443357
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0416074
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0423807
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0868424
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0852861
IRS990/IRPDocumentCnt0175
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt062195362
IRS990/LandBldgEquipBasisNetGrp/BOYAmt045101435
IRS990/LandBldgEquipBasisNetGrp/EOYAmt044759972
IRS990/LandBldgEquipCostOrOtherBssAmt0106955334
IRS990/LegalDomicileStateCd0TN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0192628
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PSALMS, INC. D/B/A KIRBY PINES RETIREMENT COMMUNITY IS DEDICATED TO PROVIDING RESIDENTS WITH A QUALITY LIFESTYLE IN A QUALITY ENVIRONMENT, SUPPORTING THE CONCEPT OF CONTINUED INDEPENDENCE AS A PRIOITY IN THE LIFE CARE DECISION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt022086039
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt013626718
IRS990/NetAssetsOrFundBalancesBOYAmt0-19831595
IRS990/NetAssetsOrFundBalancesEOYAmt0-24290219
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0807372
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0807372
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt025200
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt025200
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0156262
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-19831595
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-24290219
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0197862
IRS990/OccupancyGrp/ProgramServicesAmt02556918
IRS990/OccupancyGrp/TotalAmt02754780
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0212814
IRS990/OfficeExpensesGrp/ProgramServicesAmt0467202
IRS990/OfficeExpensesGrp/TotalAmt0680016
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt018040230
IRS990/OtherAssetsTotalGrp/EOYAmt019485081
IRS990/OtherChangesInNetAssetsAmt044503
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0176945
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0340069
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0517014
IRS990/OtherExpensesGrp/Desc0DIETARY SUPPLIES
IRS990/OtherExpensesGrp/Desc1THERAPY SERVICES
IRS990/OtherExpensesGrp/Desc2OTHER SUPPLIES
IRS990/OtherExpensesGrp/Desc3OTHER EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt020758
IRS990/OtherExpensesGrp/ProgramServicesAmt01275877
IRS990/OtherExpensesGrp/ProgramServicesAmt1526498
IRS990/OtherExpensesGrp/ProgramServicesAmt2446385
IRS990/OtherExpensesGrp/ProgramServicesAmt3239514
IRS990/OtherExpensesGrp/TotalAmt01275877
IRS990/OtherExpensesGrp/TotalAmt1526498
IRS990/OtherExpensesGrp/TotalAmt2446385
IRS990/OtherExpensesGrp/TotalAmt3260272
IRS990/OtherLiabilitiesGrp/BOYAmt027969623
IRS990/OtherLiabilitiesGrp/EOYAmt038372842
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt052420
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt052420
IRS990/OtherRevenueTotalAmt052420
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0922399
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt07712203
IRS990/OtherSalariesAndWagesGrp/TotalAmt08634602
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt084766
IRS990/PayrollTaxesGrp/ProgramServicesAmt0573618
IRS990/PayrollTaxesGrp/TotalAmt0658384
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0300731
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt065403
IRS990/PrincipalOfficerNm0RUDOLF W HERZKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0623000
IRS990/ProgramServiceRevenueGrp/BusinessCd1623000
IRS990/ProgramServiceRevenueGrp/BusinessCd2623000
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0NET RESIDENT SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1EARNED ENTRANCE FEES
IRS990/ProgramServiceRevenueGrp/Desc2ANCILLARY SERVICES
IRS990/ProgramServiceRevenueGrp/Desc3OTHER PROGRAM REVENUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt019126088
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14137204
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2758655
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3644596
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt019126088
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14137204
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2758655
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3644596
IRS990/ProgSrvcAccomActy2Grp/Desc0ASSISTED LIVING CARE
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01944731
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01305141
IRS990/ProgSrvcAccomActy3Grp/Desc0LONG-TERM CARE
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt010746992
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt05325208
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER REVENUES - CONTRACT LABOR PROVIDED TO RELATED ENTITIES
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0644596
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0162048
IRS990/PYOtherExpensesAmt020394679
IRS990/PYOtherRevenueAmt0126176
IRS990/PYProgramServiceRevenueAmt026016178
IRS990/PYRevenuesLessExpensesAmt0-3945035
IRS990/PYSalariesCompEmpBnftPaidAmt09854758
IRS990/PYTotalExpensesAmt030249437
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt026304402
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-4659389
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt025200

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$71,757,299
Liabilities
$96,047,518
Net assets
-$24,290,219
Revenue
$25,994,892
Expenses
$30,654,281
Net income
-$4,659,389
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$71.8$96.0$24.3$26.0$30.7$4.66
2022Summary only. Only limited summary data is available for this year.$74.2$94.0$19.8$26.3$30.2$3.95
2021Summary only. Only limited summary data is available for this year.$74.6$90.9$16.4$27.8$29.9$2.17
2020Summary only. Only limited summary data is available for this year.$77.4$92.0$14.6$34.0$30.7$3.27
2019Summary only. Only limited summary data is available for this year.$76.1$93.7$17.6$30.1$31.2$1.06
2018Summary only. Only limited summary data is available for this year.$75.8$92.4$16.6$29.3$29.7$0.45
2017Summary only. Only limited summary data is available for this year.$75.6$91.7$16.1$30.1$29.0$1.13
2016Summary only. Only limited summary data is available for this year.$74.9$92.1$17.2$28.6$28.2$0.43
2015Summary only. Only limited summary data is available for this year.$73.8$91.4$17.6$28.9$28.1$0.79
2014Summary only. Only limited summary data is available for this year.$74.2$92.6$18.5$27.9$27.6$0.34
2013Summary only. Only limited summary data is available for this year.$73.9$92.7$18.8$27.1$26.9$0.27
2012Summary only. Only limited summary data is available for this year.$72.0$91.0$19.1$26.5
2011Summary only. Only limited summary data is available for this year.$72.6$91.9$19.3$25.9
2010Summary only. Only limited summary data is available for this year.$69.9$88.4$18.4$24.1