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Filing year 2024

OLD LADIES HOME D/B/A ASHLAND TERRACE

Lexington, Kentucky·EIN 23-7082862·3
Total revenue
$1.4M
Total assets
$5.7M
Total expenses
$1.2M
Reported officers
16
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.

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2024

Base salaryExecutive compensation
Executive Director
$105k
$112k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 15 unpaid individuals.

Up 11%
from 2023

From $95k in 2023 to $105k in 2024.

$95k
2023
$105k
2024
In today's dollarsEst.
Up 8% in real terms$103k to $112k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

OLD LADIES HOME D/B/A ASHLAND TERRACE reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.2M
$1.2M
2023
$1.4M
$1.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
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