PSALMS INC

MEMPHIS, TN | Shelby County
Service in LMI/CRA Geography
PSALMS INC
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As of 10/08/20, this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification: No longer meets our CRA qualification requirements based on our most recent requalification.

Overview

PSALMS INC
62-1106224
3535 KIRBY PARKWAY
MEMPHIS, TN 38115
Shelby County
(901) 365-3665

Mission Statement info

PSALMS, 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 PRIORITY IN THE LIFE CARE DECISION.

Founded info
1983
Total Employees info
594
Total Volunteers info
175
CRA Category info
  • Service in LMI/CRA Geography
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Nonprofit Classification (NTEE Code) info
P75

P - Human Services

Supportive Housing for Older Adults

Residential facilities for older adults who are unable to function in an independent living environment because they need assistance with toileting, bathing, dressing, medication, meals and housekeeping and other activities of daily living, but do not require nursing care on a regular basis.

IRS Activity Codes info
152
Nursing or convalescent home
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
623311
Continuing Care Retirement Communities

CRA Alignment

CRA Category info
Service in LMI/CRA Geography
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$29.4M
Revenue
$29.3M
Assets
$75.8M
Exempt Ruling Date info
1982-11
Deductibility Status info
Deductible
Tax Filing Year info
2018
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
TN
Basis for Foundation/Public Charity Status info
Organization normally receives no more than one-third of support from gross investment and unrelated business income and at same time more than one-third of its support from contributions, fees and gross receipts related to exempt purposes 509(a)(2)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
3535 KIRBY PARKWAY
MEMPHIS, TN 38115
Shelby County
FIPS Geocoded Address info
32820
MSA/CBSA info
47
State info
157
County info
0082.00
Tract info
Low
Income Level info
Core-Based Statistical Area info
Memphis, TN-MS-AR
Combined Statistical Area info
Memphis-Forrest City, TN-MS-AR
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 92.93%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
0082.00 Shelby County
Population
Total Population 5,562 937,005
Total Households 1,629 350,260
Income
Median Family Income (Census*) $21,582 $49,782
Median Family Income (2019 FFIEC) $63,400 N/A
Tract Income Percentage 37.09% N/A
Below Poverty Level 56.3% 20.6%
Unemployment Level 20.1% 7.7%
Housing
Total Housing Units 2,016 404,284
Total Owner-Occupied Units 27.1% 55.4%
Total Renter-Occupied Units 53.7% 44.6%
Total Vacant Units 19.2% 10.5%
* Census tract income based on 2019 Census estimated data; County income based on 2018 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

11
Total Voting Members
in Governing Body info
9
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Rudolf W Herzke
President
(901) 365-3665
Principal Officer info
Rudolf W Herzke
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.