Presbyterian Services for the Elderly

Tax-deductible

Kenner, LA501(c)(3)EIN 72-0845845

IT is the mission of presebyterian services for the elderly, INC. To provide elderly persons and/or handicapped persons with housing facilities and services specially designed to meet their physical, mental, social, and psychological needs, and to promote their health, security, happiness and usefulness all on a non-profit basis.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 9 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $631K a year · 25% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
34 mo
of spending, in cash
Looks good: 34.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1000K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+5% vs prior year
Spent
$1.8M
To programs
92%
Net assets
$7.9M
By yearFY2020–FY2024
Revenue
$2.7M
FY2024▲ +5%
Revenue by fiscal year
FY2020$2.4M
FY2021$2.3M
FY2022$2.4M
FY2023$2.6M
FY2024$2.7M
Expenses
$1.8M
FY2024▼ -3%
Expenses by fiscal year
FY2020$1.7M
FY2021$1.8M
FY2022$2.0M
FY2023$1.9M
FY2024$1.8M
Net assets
$7.9M
FY2024▲ +13%
Net assets by fiscal year
FY2020$5.5M
FY2021$6.0M
FY2022$6.3M
FY2023$7.0M
FY2024$7.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1964.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $1.7M Management & general 8% · $146K

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

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Presbyterian Services for the Elderly executive salaries →

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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

Provides housing and services for elderly and handicapped individuals, promoting their well-being.

Provided by the organization

This section is blank until Presbyterian Services for the Elderly claims this page.

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1 program service account for $1.7M of program spending, described in the organization's own filed words · FY2024.
01

The sole purpose is to provide subsidized low and moderate-income apartment rental housing for primarily elderly persons through the U.S. Department of hud sections 202 and 8 programs.

$1.7Mprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$1.6M
Fees for servicesLn 2g$832K
Other incomeLn 4–11$211K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.7M
Managementcol C$146K
Owns and owesPt X
$7.9M
net assets · Ln 32
Cash and savingsLn 1–2$5.2M
Total assetsLn 16$8.9M
LiabilitiesLn 26$1000K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$1.6M
Fees for servicesLn 2g$832K
Investment incomeLn 3$55K
Other incomeLn 4–11$211K
Gains on assetsLn 7−$1K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$2.7M
SavingsLn 2$2.5M
Cash and savings togetherLn 1–2$5.2M
Land, buildings, equipmentLn 10c$3.6M
Other assetsLn 15$76K
Total assetsLn 16$8.9M
LiabilitiesLn 26$1000K
Net assetsLn 32$7.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$4.3M$5.2M
Land, buildings, equipmentLn 10c$3.7M$3.6M
Total assetsLn 16$8.1M$8.9M
LiabilitiesLn 26$1.1M$1000K
Net assetsLn 32$7.0M$7.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$88K$88K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$50K$50K
Other fees for servicesLn 11g$253K$253K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$88K$88K
OccupancyLn 16$552K$552K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$7K$7K
Depreciation, depletion and amortizationLn 22$154K$154K
InsuranceLn 23$44$44
Other expenses (24a–d)Ln 24$623K$623K
Total functional expensesLn 25$1.8M$1.7M$146K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.7M$1.8M$879K$7.9M 990 PDF
FY2023 $2.6M$1.9M$706K$7.0M 990 PDF
FY2022 $2.4M$2.0M$372K$6.3M 990 PDF
FY2021 $2.3M$1.8M$516K$6.0M 990 PDF
FY2020 $2.4M$1.7M$680K$5.5M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $2,701,854 across 7 lines filed
Lines not itemized here account for $3,417 of total revenue; see the IRS return.
VIII-1e Government grants$1,603,747
VIII-1h Total contributions, gifts and grants$1,603,747
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $831,585$831,585
VIII-3 Investment incomeExcluded from tax $56,593$56,593
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1,457−$1,457
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $207,969$207,969
VIII-12 Total revenueRelated to mission $1,042,971 · Unrelated business $0 · Excluded from tax $55,136$2,701,854
Part IX · Statement of functional expenses $1,822,970 across 12 lines filed
IX-11a Management feesManagement $88,159$88,159
IX-11b Legal feesPrograms $1,242$1,242
IX-11c Accounting feesManagement $50,305$50,305
IX-11g Other fees for servicesPrograms $252,759$252,759
IX-12 Advertising and promotionPrograms $3,556$3,556
IX-13 Office expensesPrograms $87,598$87,598
IX-16 OccupancyPrograms $551,890$551,890
IX-17 TravelPrograms $3,257$3,257
IX-19 Conferences, conventions and meetingsManagement $7,267$7,267
IX-22 Depreciation, depletion and amortizationPrograms $153,642$153,642
IX-23 InsurancePrograms $44$44
IX-24 Other expenses (24a–d)Programs $623,251$623,251
IX-25 Total functional expensesPrograms $1,677,239 · Management $145,731 · Fundraising $0$1,822,970
Part X · Balance sheet $8,881,493 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $2,027,160$2,696,705
X-2 Savings and temporary cash investmentsStart of year $2,234,928$2,460,970
X-4 Accounts receivableStart of year $18,821$3,645
X-9 Prepaid expenses and deferred chargesStart of year $44,886$23,621
X-10c Land, buildings and equipment, netStart of year $3,725,468$3,620,266
X-15 Other assetsStart of year $73,067$76,286
X-16 Total assetsStart of year $8,124,330$8,881,493
X-17 Accounts payable and accrued expensesStart of year $86,587$68,960
X-19 Deferred revenueStart of year $301$525
X-25 Other liabilitiesStart of year $70,016$72,871
X-26 Total liabilitiesStart of year $1,121,467$999,746
X-27 Net assets without donor restrictionsStart of year $7,002,863$7,881,747
X-32 Total net assets or fund balancesStart of year $7,002,863$7,881,747
X-33 Total liabilities and net assetsStart of year $8,124,330$8,881,493
Part XI · Reconciliation of net assets $7,881,747 net assets at year end
XI-1 Total revenue$2,701,854
XI-2 Total expenses$1,822,970
XI-3 Revenue less expenses$878,884
XI-4 Net assets at start of year$7,002,863
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,881,747

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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