Grayson Housing Incorporated FY2021 filing

Not tax-deductible

Leitchfield, KY501(c)(4)Since 1962EIN 61-0656880Revenue $7.5M in FY2021

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.

81¢ of each $1 spent went to programs.
$12K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$12K
to officers and key staff · 0.2% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6.6M
70% of total assets
Worth a look: liabilities are 70% 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
$7.5M
+0.8% vs prior year
Spent
$6.7M
To programs
81%
Net assets
$2.8M
By yearFY2020–FY2025
Revenue
$7.5M
FY2021▲ +0.8%
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
$6.7M
FY2021▲ +1%
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
$2.8M
FY2021▲ +38%
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 FY2021 Form 990 (year ending November 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 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

81 cents of each dollar spent went to programs.

Program services 81% · $5.4M Management & general 19% · $1.3M

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; $12K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$1,500Pt VII · Sec A
$1,500Pt VII · Sec A
$1,500Pt VII · Sec A
Director
$1,500Pt VII · Sec A
$1,500Pt VII · Sec A
$1,500Pt VII · Sec A
$1,500Pt VII · Sec A
Director
$1,500Pt 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 · $5.4M · in their own filed words · FY2020
01

Provided safe, friendly environment for nursing home residents.

$5.4Mprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$7.5M
Ln 12
Fees for servicesLn 2g$7.2M
Gifts and grantsLn 1h$255K
Other incomeLn 4–11$55K
Money outPt IX
$6.7M
Ln 25
Programscol B$5.4M
Managementcol C$1.3M
Owns and owesPt X
$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$9.4M
LiabilitiesLn 26$6.6M
PeoplePt VI, VII
8
listed · VII A
PaidVII A8
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$255K
Government grantsLn 1e$255K
Fees for servicesLn 2g$7.2M
Investment incomeLn 3$10
Other incomeLn 4–11$55K
Gains on assetsLn 7−$95
Total revenueLn 12$7.5M
Assets in detailPt X, end of year
CashLn 1$1.5M
Cash and savings togetherLn 1–2$1.5M
Land, buildings, equipmentLn 10c$6.9M
Total assetsLn 16$9.4M
LiabilitiesLn 26$6.6M
Net assetsLn 32$2.8M
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 FY21End FY21
Cash and savingsLn 1–2$551K$1.5M
Land, buildings, equipmentLn 10c$7.1M$6.9M
Total assetsLn 16$8.8M$9.4M
LiabilitiesLn 26$6.8M$6.6M
Net assetsLn 32$2.0M$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$3.0M$2.7M$258K
Other employee benefitsLn 9$245K$245K
InterestLn 20$239K$239K
Depreciation, depletion and amortizationLn 22$311K$311K
Other expenses (24a–d)Ln 24$2.7M$1.6M$1.0M
All other expensesLn 24e$293K$293K
Total functional expensesLn 25$6.7M$5.4M$1.3M$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 Viewing $7.5M$6.7M$759K$2.8M 990 PDF
FY2020 $7.4M$6.6M$789K$2.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $7,484,533 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $513,278$254,696
I-9 Program service revenuePrior year $6,879,075$7,174,532
I-10 Investment incomePrior year −$4,956−$85
I-11 Other revenuePrior year $38,437$55,390
I-12 Total revenuePrior year $7,425,834$7,484,533
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,116,761$3,230,948
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,519,967$3,494,459
I-18 Total expensesPrior year $6,636,728$6,725,407
I-19 Revenue less expensesPrior year $789,106$759,126
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 $7,484,533 across 7 lines filed
VIII-1e Government grants$254,696
VIII-1h Total contributions, gifts and grants$254,696
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,174,532$7,174,532
VIII-3 Investment incomeExcluded from tax $10$10
VIII-7 Net gain or loss on sales of assetsRelated to mission −$95−$95
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $55,390$55,390
VIII-12 Total revenueRelated to mission $7,229,827 · Excluded from tax $10$7,484,533
Part IX · Statement of functional expenses $6,725,407 across 6 lines filed
IX-7 Other salaries and wagesPrograms $2,727,920 · Management $257,913$2,985,833
IX-9 Other employee benefitsPrograms $245,115$245,115
IX-20 InterestPrograms $239,486$239,486
IX-22 Depreciation, depletion and amortizationPrograms $311,048$311,048
IX-24 Other expenses (24a–d)Programs $1,628,506 · Management $1,022,292$2,650,798
IX-24e All other expensesPrograms $293,127$293,127
IX-25 Total functional expensesPrograms $5,445,202 · Management $1,280,205 · Fundraising $0$6,725,407
Part X · Balance sheet $9,356,828 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $550,934$1,541,844
X-4 Accounts receivableStart of year $1,042,280$814,031
X-8 Inventories for sale or useStart of year $23,592$20,150
X-9 Prepaid expenses and deferred chargesStart of year $65,896$116,966
X-10c Land, buildings and equipment, netStart of year $7,083,637$6,863,837
X-16 Total assetsStart of year $8,766,339$9,356,828
X-17 Accounts payable and accrued expensesStart of year $582,959$629,973
X-26 Total liabilitiesStart of year $6,760,586$6,591,949
X-27 Net assets without donor restrictionsStart of year $2,005,753$2,764,879
X-32 Total net assets or fund balancesStart of year $2,005,753$2,764,879
X-33 Total liabilities and net assetsStart of year $8,766,339$9,356,828
Part XI · Reconciliation of net assets $2,764,879 net assets at year end
XI-1 Total revenue$7,484,533
XI-2 Total expenses$6,725,407
XI-3 Revenue less expenses$759,126
XI-4 Net assets at start of year$2,005,753
XI-10 Net assets at end of year$2,764,879

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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