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Psalms Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Human Services — Multipurpose and Other / Senior Continuing Care Communities (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$26.3M (2022)

Expenses
$30.2M (2022)

Total Assets
$74.2M (2022)

Total Liabilities
$94M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,304,402
Expenses
$30,249,437
Net Income
-$3,945,035
Net Assets
-$19,831,595
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,016,178
98.9%
Investment Income $289,276
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$127,228
Net Inventory Sales $0
Other Revenue $126,176
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $8,828,757
29.2%
Assets/Debt
Total Assets $74,159,973
Total Liabilities $93,991,568
Net Assets -$19,831,595
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Anna R Bradford (Nursing Home/Assisted Livi) $106,480 $0 $5,052
Annette M Marlar (Director Of Medical Servic) $104,072 $0 $0
Rudolf W Herzke (President) $52,811 $0 $0
Berry E Terry (Secretary/Treasurer) $12,000 $0 $0
Dr James Latimer (Chairman) $0 $0 $0
Larry Braughton (Director) $0 $0 $0
Jim Ethridge (Director) $0 $0 $0
Linda Harrington (Director) $0 $0 $0
Mary Ann Hodges (Director) $0 $0 $0
Rusty E Linkus (Director) $0 $0 $0
Boyd L Rhodes Jr (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,771,852
Expenses
$29,937,046
Net Income
-$2,165,194
Net Assets
-$16,376,698
Notable Sources of Revenue Percent of Total Revenue
Contributions $745,690
2.7%
Program Services $27,046,913
97.4%
Investment Income $117,548
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$317,099
Net Inventory Sales $0
Other Revenue $178,800
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $8,240,177
27.5%
Assets/Debt
Total Assets $74,570,809
Total Liabilities $90,947,507
Net Assets -$16,376,698
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Anna R Bradford (Nursing Home/Assisted Livi) $107,796 $0 $4,654
Annette M Marlar (Director Of Medical Servic) $104,614 $0 $0
Rudolf W Herzke (President) $52,811 $0 $0
Berry E Terry (Secretary/Treasurer) $12,000 $0 $0
Dr James Latimer (Chairman) $0 $0 $0
Larry Braughton (Director) $0 $0 $0
Jim Ethridge (Director) $0 $0 $0
Linda Harrington (Director) $0 $0 $0
Mary Ann Hodges (Director) $0 $0 $0
Rusty E Linkus (Director) $0 $0 $0
Boyd L Rhodes Jr (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,983,532
Expenses
$30,711,013
Net Income
$3,272,519
Net Assets
-$14,572,707
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,128,560
6.3%
Program Services $31,371,916
92.3%
Investment Income $407,837
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,373
0.0%
Net Inventory Sales $0
Other Revenue $68,846
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $9,153,797
29.8%
Assets/Debt
Total Assets $77,389,222
Total Liabilities $91,961,929
Net Assets -$14,572,707
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Annette M Marlar (Director Of Medical Servic) $107,168 $0 $0
Anna R Bradford (Nursing Home/Assisted Livi) $104,018 $0 $4,598
Rudolf W Herzke (President) $52,811 $0 $0
Berry E Terry (Secretary/Treasurer) $12,000 $0 $0
Dr James Latimer (Chairman) $0 $0 $0
Larry Braughton (Director) $0 $0 $0
Jim Ethridge (Director) $0 $0 $0
Linda Harrington (Director) $0 $0 $0
Mary Ann Hodges (Director) $0 $0 $0
Rusty E Linkus (Director) $0 $0 $0
Boyd L Rhodes Jr (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,140,651
Expenses
$31,203,297
Net Income
-$1,062,646
Net Assets
-$17,602,023
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,822,696
98.9%
Investment Income $316,762
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$57,904
Net Inventory Sales $0
Other Revenue $59,097
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $9,646,872
30.9%
Assets/Debt
Total Assets $76,123,700
Total Liabilities $93,725,723
Net Assets -$17,602,023
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Annette M Marlar (Director Of Medical Services And Hr) $180,612 $0 $0
Anna R Bradford (Nursing Home/Assisted Living Administrator) $104,618 $0 $3,577
Rudolf W Herzke (President) $54,842 $0 $0
Berry E Terry (Secretary/Treasurer) $12,462 $0 $0
Dr James Latimer (Chairman) $0 $0 $0
Larry Braughton (Director) $0 $0 $0
Jim Ethridge (Director) $0 $0 $0
Linda Harrington (Director) $0 $0 $0
Mary Ann Hodges (Director) $0 $0 $0
Rusty E Linkus (Director) $0 $0 $0
Boyd L Rhodes Jr (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,273,846
Expenses
$29,723,661
Net Income
-$449,815
Net Assets
-$16,583,662
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,959,445
98.9%
Investment Income $393,609
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$93,537
Net Inventory Sales $0
Other Revenue $14,329
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $9,189,162
30.9%
Assets/Debt
Total Assets $75,783,998
Total Liabilities $92,367,660
Net Assets -$16,583,662
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Annette M Marlar (Medical Services Administr) $161,564 $0 $3,261
Rudolf W Herzke (President) $52,811 $0 $0
Berry E Terry (Secretary/Treasurer) $12,000 $0 $0
Dr James Latimer (Chairman) $0 $0 $0
Boyd L Rhodes Jr (Director) $0 $0 $0
Dr Fred Grogan (Director) $0 $0 $0
Jim Ethridge (Director) $0 $0 $0
Larry Braughton (Director) $0 $0 $0
Linda Harrington (Director) $0 $0 $0
Mary Ann Hodges (Director) $0 $0 $0
Rusty E Linkous (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,091,146
Expenses
$28,960,689
Net Income
$1,130,457
Net Assets
-$16,063,700
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,753,473
98.9%
Investment Income $368,287
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$74,655
Net Inventory Sales $0
Other Revenue $44,041
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $9,076,976
31.3%
Assets/Debt
Total Assets $75,614,690
Total Liabilities $91,678,390
Net Assets -$16,063,700
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Annette M Marlar (Medical Services Administr) $156,022 $0 $2,872
Rudolf W Herzke (President) $52,811 $0 $0
Berry E Terry (Secretary/Treasurer) $12,000 $0 $0
Dr James Latimer (Chairman) $0 $0 $0
Jim Etheridge (Director) $0 $0 $0
Dr Fred Grogan (Director) $0 $0 $0
Larry Braughton (Director) $0 $0 $0
Boyd L Rhodes Jr (Director) $0 $0 $0
Linda Harrington (Director) $0 $0 $0
Mary Ann Hodges (Director) $0 $0 $0
Rusty E Linkous (Director) $0 $0 $0
Richard Coons (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,621,719
Expenses
$28,188,466
Net Income
$433,253
Net Assets
-$17,151,689
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,293,686
98.9%
Investment Income $308,292
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$94,790
Net Inventory Sales $0
Other Revenue $114,531
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $8,652,964
30.7%
Assets/Debt
Total Assets $74,928,076
Total Liabilities $92,079,765
Net Assets -$17,151,689
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Annette M Marlar (Medical Services Administr) $150,237 $0 $2,548
Rudolf W Herzke (President) $52,811 $0 $0
Berry E Terry (Secretary/Treasurer) $12,000 $0 $0
Dr James Latimer (Chairman) $0 $0 $0
Dr Fred Grogan (Director) $0 $0 $0
Boyd L Rhodes Jr (Director) $0 $0 $0
Jim Etheridge (Director) $0 $0 $0
Richard Coons (Director) $0 $0 $0
Mary Ann Hodges (Director) $0 $0 $0
Larry Braughton (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,905,473
Expenses
$28,112,769
Net Income
$792,704
Net Assets
-$17,550,245
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,427,092
98.3%
Investment Income $284,386
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $30,853
0.1%
Net Inventory Sales $0
Other Revenue $163,142
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $8,030,164
28.6%
Assets/Debt
Total Assets $73,809,338
Total Liabilities $91,359,583
Net Assets -$17,550,245
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Annette M Marlar (Medical Services Administr) $147,402 $0 $2,018
Rudolf W Herzke (President) $52,811 $0 $0
Berry E Terry (Secretary/Treasurer) $12,000 $0 $0
Dr James Latimer (Chairman) $0 $0 $0
Dr Fred Grogan (Director) $0 $0 $0
Boyd L Rhodes Jr (Director) $0 $0 $0
Jim Etheridge (Director) $0 $0 $0
Richard Coons (Director) $0 $0 $0
Mary Ann Hodges (Director) $0 $0 $0
Larry Braughton (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,946,230
Expenses
$27,605,156
Net Income
$341,074
Net Assets
-$18,452,475
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,663,318
99.0%
Investment Income $288,644
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$149,535
Net Inventory Sales $0
Other Revenue $143,803
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $64,811
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $7,935,024
28.7%
Assets/Debt
Total Assets $74,181,743
Total Liabilities $92,634,218
Net Assets -$18,452,475
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Annette M Marlar (Medical Services Administr) $145,725 $0 $19,698
Rudolf W Herzke (President) $52,811 $0 $0
Berry E Terry (Secretary Treasurer, Dir) $12,000 $0 $0
Dr James Latimer (Chairman) $0 $0 $0
Dr Fred Grogan (Board Member) $0 $0 $0
Boyd L Rhodes Jr (Board Member) $0 $0 $0
Jim Etheridge (Board Member) $0 $0 $0
Richard Coons (Board Member) $0 $0 $0
Mary Ann Hodges (Board Member) $0 $0 $0
Larry Braughton (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,139,775
Expenses
$26,874,043
Net Income
$265,732
Net Assets
-$18,825,749
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,763,904
98.6%
Investment Income $359,872
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$101,350
Net Inventory Sales $0
Other Revenue $117,349
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $64,811
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $7,799,948
29.0%
Assets/Debt
Total Assets $73,910,943
Total Liabilities $92,736,692
Net Assets -$18,825,749
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Annette M Marlar (Medical Services Administr) $142,560 $0 $21,750
Rudolf W Herzke (President) $52,811 $0 $0
Berry E Terry (Secretary Treasurer, Dir) $12,000 $0 $0
Dr James Latimer (Chairman) $0 $0 $0
Dr Fred Grogan (Board Member) $0 $0 $0
Boyd L Rhodes Jr (Board Member) $0 $0 $0
Jim Etheridge (Board Member) $0 $0 $0
Richard Coons (Board Member) $0 $0 $0
Mary Ann Hodges (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,649,534
Expenses
$26,513,550
Net Income
$135,984
Net Assets
-$19,063,676
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,386,487
99.0%
Investment Income $404,776
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$293,296
Net Inventory Sales $0
Other Revenue $151,567
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $64,811
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $7,467,629
28.2%
Assets/Debt
Total Assets $71,986,158
Total Liabilities $91,049,834
Net Assets -$19,063,676

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,944,858
Expenses
$25,857,871
Net Income
-$913,013
Net Assets
-$19,296,377
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $24,488,833
98.2%
Investment Income $383,528
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$97,657
Net Inventory Sales $0
Other Revenue $170,154
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $64,811
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $6,627,346
25.6%
Assets/Debt
Total Assets $72,603,022
Total Liabilities $91,899,399
Net Assets -$19,296,377

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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