Nonprofit · EIN 23-7082862
OLD LADIES HOME
Also known as ASHLAND TERRACE
Tax-exempt · LEXINGTON, KY 40502
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,176,415 | $1,314,395 | -$137,980 | $5,979,650 | $64,936 | $5,914,714 |
| December 31, 2024 | 990 | $1,437,337 | $1,247,406 | $189,931 | $5,719,678 | $55,752 | $5,663,926 |
| December 31, 2023 | 990 | $1,151,368 | $1,225,308 | -$73,940 | $5,446,848 | $76,678 | $5,370,170 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $255,612
- of which government grants
- $27,854
- Program service revenue
- $697,292
- Investment income
- $109,292
- Net rental income
- $106,530
- Net gain from sales of assets
- $32,507
- Other revenue
- $114,219
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $118,538
- Other salaries and wages
- $475,069
- Salaries, compensation and benefits (total)
- $696,008
- Professional fundraising fees
- $0
- Accounting fees
- $15,100
- Occupancy
- $136,467
- Depreciation
- $120,778
- Program services (functional)
- $1,066,029
- Management and general (functional)
- $248,366
Balance sheet and other
- Total assets, start of year
- $5,719,678
- Total assets, end of year
- $5,979,650
- Total liabilities, end of year
- $64,936
- Net assets, end of year
- $5,914,714
- Land, buildings and equipment
- $2,204,594
- Publicly traded securities
- $3,020,981
- Net assets without donor restrictions
- $5,174,383
- Net assets with donor restrictions
- $740,331
- Gross receipts
- $1,275,424
- Employees
- 27
- Volunteers
- 25
- Year formed
- 1923
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KELLY WEBER | EXECUTIVE DIRECTOR Officer | 40 | $103,924 | $14,614 |
| JERRY STOUT | PRESIDENT Trustee or director | 1 | $0 | $0 |
| JR ZERKOWSKI | VICE-PRESIDENT Trustee or director | 1 | $0 | $0 |
| JANE KNAPP | SECRETARY Trustee or director | 1 | $0 | $0 |
| CHRIS BESTEN | TREASURER Trustee or director | 1 | $0 | $0 |
| AARIN BECKERLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALLISON CONNELLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATIE FINNELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RYAN HALLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAMERON HAMILTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAROL HARLIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURA HAYDEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANDY KEMPER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIRTLAND ROACH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY VENEZIE | DIRECTOR Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALEX WILCOX | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KELLY WEBER | EXECUTIVE DIRECTOR Officer | 40 | $91,615 | $13,525 |
| GRAHAM ROWLES | PRESIDENT Trustee or director | 1 | $0 | $0 |
| MARILYN GALL | VICE-PRESIDENT Trustee or director | 1 | $0 | $0 |
| JANE KNAPP | SECRETARY Trustee or director | 1 | $0 | $0 |
| CHRIS BESTEN | TREASURER Trustee or director | 1 | $0 | $0 |
| CAMERON HAMILTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM MCGEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANDY KEMPER | DIRECTOR TILL APRIL Trustee or director | 1 | $0 | $0 |
| JACQUI DENEGRI | DIRECTOR AS OF MAY Trustee or director | 1 | $0 | $0 |
| ALLISON CONNELLY | DIRECTOR AS OF MAY Trustee or director | 1 | $0 | $0 |
| KATIE FINNELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY VENEZIE | DIRECTOR AS OF MAY Trustee or director | 1 | $0 | $0 |
| LAURA HAYDEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIRTLAND ROACH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JERRY STOUT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEX WILCOX | DIRECTOR AS OF MAY Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KELLY WEBER | EXECUTIVE DIRECTOR Officer | 40 | $81,495 | $13,146 |
| MARIE SMART | PRESIDENT Trustee or director | 1 | $0 | $0 |
| GRAHAM ROWLES | VICE-PRESIDENT Trustee or director | 1 | $0 | $0 |
| MARILYN GALL | SECRETARY Trustee or director | 1 | $0 | $0 |
| SHARON HOLBROOK | TREASURER Trustee or director | 1 | $0 | $0 |
| JENNIFER LARKIN | DIRECTOR TILL APRIL Trustee or director | 1 | $0 | $0 |
| JANE FIELDS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEALLA SAMADI | DIRECTOR TILL AUGUST Trustee or director | 1 | $0 | $0 |
| CAMERON HAMILTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUSAN BACHNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM MCGEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUE WEANT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANDY KEMPER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WAYNE THOMPSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JANE KNAPP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATIE FINNELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS BESTEN | DIRECTOR AS OF MAY Trustee or director | 1 | $0 | $0 |
| LAURA HAYDEN | DIRECTOR AS OF MAY Trustee or director | 1 | $0 | $0 |
| KIRTLAND ROACH | DIRECTOR AS OF MAY Trustee or director | 1 | $0 | $0 |
| JERRY STOUT | DIRECTOR AS OF MAY Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 475 S ASHLAND AVE, LEXINGTON, KY 40502-2131
- Principal officer (990 for 2025)
- KELLY WEBER, 475 S ASHLAND AVE, LEXINGTON, KY 40502
- Signed the 990
- KELLY WEBER, EXECUTIVE DIRECTOR
- Phone
- (859) 266-2581
- Website
- WWW.ASHLANDTERRACE.ORG
- Return prepared by
- RFH PLLC
Mission
THE ASHLAND TERRACE STAFF AND BOARD OF DIRECTORS ARE DEDICATED TO PROVIDING A SECURE, FRIENDLY, AFFORDABLE HOME TO WOMEN SIXTY YEARS AND OLDER. AS A CONGREGATE SENIOR LIVING COMMUNITY, ASHLAND TERRACE STRIVES TO NURTURE RESIDENTS SPIRITUALLY, PHYSICALLY, AND MENTALLY TO ENHANCE THEIR RETIREMENT YEARS, AND ASSIST THEM WITHIN THE BOUNDARIES PRESCRIBED BY LAW TO FUNCTION INDEPENDENTLY. IN KEEPING WITH THE ORIGINAL PURPOSE OF THE HOME, ASHLAND TERRACE, A NON-PROFIT FACILITY, STRIVES TO MAINTAIN THE HIGHEST POSSIBLE SERVICE AND STANDARDS.
Program accomplishments
- OUR HOME IS A UNIQUE PART OF THE GREATER LEXINGTON COMMUNITY. BEING A NON-PROFIT 501(C)3 PUBLIC CHARITY, WE ARE ABLE TO PRIVATELY SUBSIDIZE RESIDENT RENT. THIS CREATES AN AFFORDABLE OPTION, WHICH ALSO INCLUDES THREE MEALS DAILY IN OUR DINING ROOM, WEEKLY HOUSEKEEPING INCLUDING CLEAN TOWELS AND BED LINENS, WEEKDAY TRANSPORTATION, AND A VARIETY OF ACTIVITIES AND OUTINGS. OUR LADIES DO NOT COME HERE TO RETIRE THEY COME HERE TO THRIVE!AS HOUSING PRICES REMAIN HIGH, WE ARE DEDICATED TO REMAINING AN AFFORDABLE OPTION FOR OLDER WOMEN. OUR BOARD OF DIRECTORS AND STAFF ARE CONTINUALLY WRITING GRANTS, SEEKING INNOVATIVE ALTERNATIVES, AND LOOKING AT WAYS TO KEEP QUALITY UP AND COSTS DOWN. WE ARE CONTINUALLY FUNDRAISING TO OFFSET THE COSTS OF OUR SERVICES TO THE WOMEN WHO CALL ASHLAND TERRACE HOME. WE ARE GRATEFUL TO BE A TRUE COMMUNITY THAT LISTENS TO, LAUGHS WITH, AND CELEBRATES OUR RESIDENTS.Expenses $1,066,029 · revenue $704,981
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7082862
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,979,650
- Income (IRS master file)
- $1,275,424
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,176,415 | $1,314,395 | $5,979,650 | XML |
| 990 | December 2024 | $1,437,337 | $1,247,406 | $5,719,678 | XML |
| 990 | December 2023 | $1,151,368 | $1,225,308 | $5,446,848 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7082862).
Questions about OLD LADIES HOME
- What is the EIN of OLD LADIES HOME?
- The employer identification number (EIN) of OLD LADIES HOME is 23-7082862.
- Is OLD LADIES HOME tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to OLD LADIES HOME tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OLD LADIES HOME file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OLD LADIES HOME due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OLD LADIES HOME last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of OLD LADIES HOME?
- The 990 for the year ended December 31, 2025 names KELLY WEBER.
- Who are the officers and directors of OLD LADIES HOME?
- The 990 for the year ended December 31, 2025 lists 16 people; 1 received compensation from the organization, the highest $103,924 (KELLY WEBER, EXECUTIVE DIRECTOR).
- How much revenue does OLD LADIES HOME have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,176,415, expenses of $1,314,395 and total assets of $5,979,650 at year end.
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