PSALMS
Also known as Kirby Pines Retirement Community
PSALMS reported $28.7 million in revenue and $28.2 million in expenses for calendar year 2024. Of every $100 it spent, $80.68 went to program services, $19.32 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 86.6% of the total. Government grants made up 10.6%. The highest compensation it reported for one person was $117,314 (Nursing Home/Assisted Living). 5 people received more than $100,000 in reportable compensation. Revenue fell 5% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $28MFor context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $29MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 80.7% | 87.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 19.3% | 11.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 10.6% | 20.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 10.6% | 2.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 86.6% | 70.8% |
| Highest reported compensation Part VII-A, columns D–F | $117,314 | $274,992 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.42% | 1.18% |
| People paid over $100,000 Part VII, line 2 | 5 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -10.2 | 6.9 |
| Independent voting board members Part VI 1a–1b | 7 of 8 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseIn 2024 PSALMS, Inc. provided independent living services to residents in their apartments and garden homes
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Nursing Home/Assisted Living Highest compensated employee, 40.00 hrs/week | $117,314 | $0 | $0 | $117,314 |
| Director of Medical Services Highest compensated employee, 40.00 hrs/week | $108,404 | $0 | $0 | $108,404 |
| Director of Human Resources Highest compensated employee, 40.00 hrs/week | $106,768 | $0 | $0 | $106,768 |
| Director of Grounds & Landscaping Highest compensated employee, 40.00 hrs/week | $102,647 | $0 | $0 | $102,647 |
| Licensed Practical Nurse Highest compensated employee, 40.00 hrs/week | $102,113 | $0 | $0 | $102,113 |
| President Director/trustee, officer, 22.00 hrs/week | $52,632 | $0 | $0 | $52,632 |
| Chairman Director/trustee, officer, 1.00 hrs/week | $18,030 | $0 | $0 | $18,030 |
5 people received more than $100,000 in reportable compensation from PSALMS (Part VII, line 2). Compensation of current officers, directors and key employees totaled $52,632 (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b8 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5391
- Volunteers Part I, line 676
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| Retirement Companies of America LLC Consulting Services | $2,391,650 |
| Functional Pathways of Tennessee LLC Therapy Services | $686,653 |
| Professional Construction Solutions LLC Construction Servives | $459,653 |
| S&J Services LLC Landscaping Services | $404,259 |
| Greystone - GCD Tennessee LLC Consulting Services | $192,901 |
Individuals listed as contractors are left out. 8 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from PSALMS's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for PSALMS, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 PSALMS spent in 2024, $80.68 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Jewish Community Centers of Greater BostonNewton, MA · revenue $29M · programs 84.8% · FY2025
- Blue Grass Community Action PartnershipFrankfort, KY · revenue $29M · programs 93.7% · FY2025
- Holy Family InstitutePittsburgh, PA · revenue $29M · programs 85.5% · FY2025
- Alexian Village of TennesseeSt Louis, MO · revenue $29M · programs 77.6% · FY2025
- Westminster Presbyterian HomesQuitman, GA · revenue $29M · programs 90.0% · 2024
All human services charities · Largest charities in Tennessee
Questions people ask
How much of PSALMS's spending goes to programs?
In calendar year 2024, PSALMS reported that 80.7% of its $28.2 million in expenses went to program services, 19.3% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does PSALMS pay its top executive?
The largest total compensation PSALMS reported for one person in calendar year 2024 was $117,314, for the role of Nursing Home/Assisted Living (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does PSALMS get its money?
Of $28.7 million in revenue in calendar year 2024, 10.6% came from contributions and grants (including 10.6% from government grants) and 86.6% from program service revenue (Form 990, Part VIII).
Is PSALMS a registered charity?
The IRS lists EIN 62-1106224 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202600539349300665 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202500509349300900 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333199349303658 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213189349314986 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143199349303834 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033189349308678 · read the filing
All filings for EIN 62-1106224: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.