Presbyterian Homes Inc
76% goes to programs $19 to raise $100 Strong reserves Growing revenue
Presbyterian Homes Inc is a 501(c)(3) organization based in Greensboro, North Carolina, registered in 1991, with $65,685,113 in FY2022 revenue. CharityIndex grades it A, and it directs about 76% of spending to programs.
5603 New Garden Village Dr, Greensboro, NC, 27410 EIN 56-0564344 Since 1991
Revenue (FY2022)
$65.7M
▲ 9.0% vs prior year
Human Services median: $293K
Expenses (FY2022)
$60.4M
Net assets
$91.8M
Employees
1,489
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating76% to programs · $19 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Presbyterian Homes Inc: 76% to programs · $19 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating18 mo reserves · +8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Presbyterian Homes Inc: 18 mo reserves · +8% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Presbyterian Homes Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Presbyterian Homes Inc: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
The vision of the presbyterian homes inc dba brightspire is to create an innovative, vibrant, and diverse culture which provides security and enhances quality of life while providing housing and service to senior adults.
Contact & location
- Address
- 5603 New Garden Village Dr, Greensboro, NC, 27410
- City
- Greensboro
- State
- North Carolina
- Category
- Human Services
- Subcategory
- Residential Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $42.5M (FY2013) to $65.7M (FY2022) across 10 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $152.5MNet assets $91.8M
Operating margin
8.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$244.3M
Total liabilities
$152.5M
Net assets
$91.8M
Salaries & benefits
$32.9M
54% of expenses
Board members
16
16 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $65,685,113▲9.0% | $60,438,776▲12.7% | $91,756,966▲17.8% | $244,275,349▲2.1% | 990 |
| 2021 | $60,268,413▼3.5% | $53,641,782▲10.7% | $77,900,934▼1.2% | $239,360,172▼6.6% | 990 |
| 2020 | $62,438,008▲11.0% | $48,454,851▲8.8% | $78,823,113▲44.1% | $256,348,828▲4.1% | 990 |
| 2019 | $56,239,171▲12.6% | $44,554,271▲10.2% | $54,713,467▲11.7% | $246,304,897▲7.7% | 990 |
| 2018 | $49,925,471▲3.6% | $40,439,985▲4.3% | $48,994,079▲13.9% | $228,730,047▲25.8% | 990 |
| 2017 | $48,176,279▲5.7% | $38,786,080▲14.0% | $42,999,108▲35.3% | $181,750,123▲7.5% | 990 |
| 2016 | $45,576,999▲8.3% | $34,037,462▼12.8% | $31,788,369▲75.6% | $169,043,371▼33.4% | 990 |
| 2015 | $42,078,991▼0.7% | $39,018,481▲1.5% | $18,105,953▲36.7% | $253,969,815▲58.1% | 990 |
| 2014 | $42,367,250▼0.3% | $38,429,949▲3.0% | $13,243,372▲15.8% | $160,630,923▲0.3% | 990 |
| 2013 | $42,478,775 | $37,304,079▲3.7% | $11,432,710▲64.2% | $160,169,466▲2.8% | 990 |
| 2012 | — | $35,959,913▲2.6% | $6,962,945▲75.2% | $155,874,543▲3.2% | 990 |
| 2011 | — | $35,053,286▼4.7% | $3,974,471▲752% | $151,112,563▲3.8% | 990 |
| 2010 | — | $36,793,049▼14.3% | -$609,990▼100% | $145,601,075▼34.5% | 990 |
| 2009 | — | $42,919,393 | -$304,424 | $222,210,327 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2022)
Highest-paid: Timothy Webster — $526,459 (0.87% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Timothy Webster | Assistant Secretary - Ceo | 37.5 | $526,459 |
| Creighton Lovvorn | Vice President - Coo | 37.5 | $373,810 |
| Julia Hanover | Assistant Treasurer - Cfo | 37.5 | $315,145 |
| Thomas Smith | Executive Director-river L | 37.5 | $232,335 |
| Laura Lowe | Director of Marketing | 37.5 | $230,903 |
| Arnold Thompson | Executive Director-friends | 37.5 | $223,219 |
| Mark Collins | Vice President - Director | 37.5 | $219,694 |
| Tiffany Roberson | Director of Health Service | 37.5 | $198,770 |
| Sean Stowers | Director of Information Technology | 37.5 | $197,183 |
| Alexander L Maultsby | Vice Chairperson | 1 | — |
| Alexander Wrenn | Board Member | 1 | — |
| Angela Butler | Board Member | 1 | — |
| Bill Smith | Board Member | 1 | — |
| Bubba Judy | Board Member | 1 | — |
| Christopher B Taylor | Board Member | 1 | — |
| Connie Laster | Board Member | 1 | — |
| Corinne Nicholson | Board Member | 1 | — |
| David Coulter | Board Member | 1 | — |
| Debra Pappas | Board Member | 1 | — |
| D Hector Mceachern | Board Member | 1 | — |
Top vendors & contractors (FY2022)
| Contractor | Services | Paid |
|---|---|---|
| Trinity Rehab LLC | Therapy | $1,759,564 |
| Id Collaborative | Interior Design | $907,618 |
| J O F Painting LLC | Construction | $470,097 |
| Carolina Therapy Services Inc | Therapy | $411,354 |
| Guardian Pharmacy of Eastern Nc LLC | Pharmacy | $273,240 |
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Compare Presbyterian Homes Inc
Frequently asked questions
- Is Presbyterian Homes Inc a legitimate nonprofit?
- Yes. Presbyterian Homes Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-0564344, based in Greensboro, North Carolina. Donations are tax-deductible.
- What is Presbyterian Homes Inc's EIN?
- Presbyterian Homes Inc's Employer Identification Number (EIN) is 56-0564344.
- How much revenue does Presbyterian Homes Inc report?
- Presbyterian Homes Inc reported $65,685,113 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- How much of Presbyterian Homes Inc's spending goes to programs?
- Presbyterian Homes Inc spends about 76% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Presbyterian Homes Inc have?
- CharityIndex grades Presbyterian Homes Inc A, based on program efficiency and fundraising cost.
- How much does Presbyterian Homes Inc's highest-paid employee make?
- The highest reported compensation on Presbyterian Homes Inc's latest Form 990 is $526,459, paid to Timothy Webster (Assistant Secretary - Ceo).
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Data for Presbyterian Homes Inc (EIN 56-0564344) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.