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Grayson Housing Incorporated FY2020 filing

Not tax-deductible

Leitchfield, KY501(c)(4)Since 1962 EIN 61-0656880Revenue $7.4M in FY2020

On file with the IRSPo Box 166, 42755-0166 · Leitchfield, KYTax-exempt since May 1968

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Formerly operated a 102 bed nursing home facility for the benefit of the residents.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $378K a year · 7% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6.8M
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.4M
Spent
$6.6M
To programs
83%
Net assets
$2.0M
By yearFY2020–FY2025
Revenue
$7.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$7.4M
FY2021$7.5M
FY2022$7.3M
FY2023$8.4M
FY2024$127K
FY2025$160K
Expenses
$6.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$6.6M
FY2021$6.7M
FY2022$7.5M
FY2023$6.8M
FY2024$637K
FY2025$251K
Net assets
$2.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$2.8M
FY2022$2.6M
FY2023$4.1M
FY2024$3.6M
FY2025$3.5M

From the FY2020 Form 990 (year ending November 2020) · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1968.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $5.5M Management & general 17% · $1.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Laura Goff
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ricky Paul
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Kelly Stone—$105,649———
Laura Goff$1,950$46,800$1,800$1,800$1,500
Barry Anderson$1,950$1,800$1,800$1,800$1,500
Debbie Brackett$1,950$1,800$1,800$1,800$1,500
Nancy Jo Escue$1,950$1,800$1,800$1,800$1,500
Robert Hatfield$1,950$1,800$1,800——
Nina Meredith$1,950$1,800$1,800$1,800$1,500
Ricky Paul$1,950$1,800$1,800$1,800$1,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Operates a 102-bed nursing home facility for residents.

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Provided by the organization

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1 program · $5.5M · in their own filed words · FY2019
01

Provided safe, friendly environment for nursing home residents.

$5.5Mprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$7.4M
Ln 12
Fees for servicesLn 2g$6.9M
Gifts and grantsLn 1h$513K
Other incomeLn 4–11$33K
Money outPt IX
$6.6M
Ln 25
Programscol B$5.5M
Managementcol C$1.1M
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$551K
Total assetsLn 16$8.8M
LiabilitiesLn 26$6.8M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$513K
Government grantsLn 1e$513K
Fees for servicesLn 2g$6.9M
Investment incomeLn 3$14
Other incomeLn 4–11$33K
Gains on assetsLn 7−$5K
Total revenueLn 12$7.4M
Assets in detailPt X, end of year
CashLn 1$551K
Cash and savings togetherLn 1–2$551K
Land, buildings, equipmentLn 10c$7.1M
Total assetsLn 16$8.8M
LiabilitiesLn 26$6.8M
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderNovember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$166K$551K
Land, buildings, equipmentLn 10c$7.4M$7.1M
Total assetsLn 16$8.6M$8.8M
LiabilitiesLn 26$7.4M$6.8M
Net assetsLn 32$1.2M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$2.9M$2.7M$227K
Other employee benefitsLn 9$238K$238K
InterestLn 20$284K$284K
Depreciation, depletion and amortizationLn 22$335K$335K
Other expenses (24a–d)Ln 24$2.7M$1.8M$896K
All other expensesLn 24e$244K$244K
Total functional expensesLn 25$6.6M$5.5M$1.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $160K$251K−$90K$3.5M 990 PDF
FY2024 $127K$637K−$510K$3.6M 990 PDF
FY2023 $8.4M$6.8M$1.5M$4.1M 990 PDF
FY2022 $7.3M$7.5M−$209K$2.6M 990 PDF
FY2021 $7.5M$6.7M$759K$2.8M 990 PDF
FY2020 Viewing $7.4M$6.6M$789K$2.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $7,425,834 revenue, 12 lines filed
I-8 Contributions and grants$513,278
I-9 Program service revenuePrior year $6,176,149$6,879,075
I-10 Investment incomePrior year $85−$4,956
I-11 Other revenuePrior year $36,480$38,437
I-12 Total revenuePrior year $6,212,714$7,425,834
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,010,669$3,116,761
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,270,174$3,519,967
I-18 Total expensesPrior year $6,280,843$6,636,728
I-19 Revenue less expensesPrior year −$68,129$789,106
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $7,425,834 across 7 lines filed
VIII-1e Government grants$513,278
VIII-1h Total contributions, gifts and grants$513,278
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,879,075$6,879,075
VIII-3 Investment incomeExcluded from tax $14$14
VIII-7 Net gain or loss on sales of assetsRelated to mission −$4,970−$4,970
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $38,437$38,437
VIII-12 Total revenueRelated to mission $6,912,542 · Excluded from tax $14$7,425,834
Part IX · Statement of functional expenses $6,636,728 across 6 lines filed
IX-7 Other salaries and wagesPrograms $2,651,789 · Management $226,761$2,878,550
IX-9 Other employee benefitsPrograms $238,211$238,211
IX-20 InterestPrograms $283,739$283,739
IX-22 Depreciation, depletion and amortizationPrograms $335,154$335,154
IX-24 Other expenses (24a–d)Programs $1,760,827 · Management $896,307$2,657,134
IX-24e All other expensesPrograms $243,940$243,940
IX-25 Total functional expensesPrograms $5,513,660 · Management $1,123,068 · Fundraising $0$6,636,728
Part X · Balance sheet $8,766,339 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $166,225$550,934
X-4 Accounts receivableStart of year $978,817$1,042,280
X-8 Inventories for sale or useStart of year $21,206$23,592
X-9 Prepaid expenses and deferred chargesStart of year $56,982$65,896
X-10c Land, buildings and equipment, netStart of year $7,404,173$7,083,637
X-16 Total assetsStart of year $8,627,403$8,766,339
X-17 Accounts payable and accrued expensesStart of year $990,473$582,959
X-26 Total liabilitiesStart of year $7,410,756$6,760,586
X-27 Net assets without donor restrictionsStart of year $1,216,647$2,005,753
X-32 Total net assets or fund balancesStart of year $1,216,647$2,005,753
X-33 Total liabilities and net assetsStart of year $8,627,403$8,766,339
Part XI · Reconciliation of net assets $2,005,753 net assets at year end
XI-1 Total revenue$7,425,834
XI-2 Total expenses$6,636,728
XI-3 Revenue less expenses$789,106
XI-4 Net assets at start of year$1,216,647
XI-10 Net assets at end of year$2,005,753

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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