Mission
To faithfully serve our residents by offering them security for life, excellence in all we do, respect for individual differences and a vibrant lifestyle in an enriching environment.
Public Charity
PSALMS Inc
PSALMS Inc, of Memphis, TN, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $28.7M in revenue, $28.2M in expenses, $66.7M in total assets.
EIN: 621106224
Memphis, TN
Supportive Housing for Older Adults
NTEE: P75
Latest filing: 2024
Total Revenue$28.7M
Total Expenses$28.2M
Total Assets$66.7M
Grant Records0
Filing Years2019–2024
Where $100 goes at PSALMS Inc
How PSALMS Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$81
Programs
the work itself
$19
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $81 for programs
$50
In 2024 PSALMS, Inc
$25
In 2024 PSALMS, Inc
$6
In 2024 PSALMS, Inc
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
Nursing Home/Assisted Living
Anna R Bradford
Director of Medical Services
Audie Marlar
Licensed Practical Nurse
Barry N Rossell
Secretary/Treasurer (Until 04/2024)
Berry Terry
Director
Boyd Rhodes Jr
Chairman
Dr James Latimer
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $28.7M | $28.2M | $66.7M |
| 2023 | $26.0M | $30.7M | $71.8M |
| 2022 | $26.3M | $30.2M | $74.2M |
| 2020 | $34.0M | $30.7M | $77.4M |
| 2019 | $30.1M | $31.2M | $76.1M |
Between 2019 and 2024, reported annual revenue declined from $30.1M to $28.7M (-5%), with total assets most recently reported at $66.7M.
Interactive year-over-year charts and full filing details available with membership.