Breckinridge Services Inc
- Assets
- $5.0m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 95
- Location
- Morganfield, KY
- Founding
- 06/2008
- Data as of
- 12/2022
- EIN
- 26-2399118
Organization Overview
Breckinridge Services Inc is located in Morganfield, KY. The organization was established in 2008. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Breckinridge Services Inc employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Breckinridge Services Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Breckinridge Services Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY NURSING AND ASSISTED LIVING SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SUPERVISED LONG-TERM RESIDENTIAL CARE TO ELDERLY INDIVIDUALS AND THOSE WITH DEVELOPMENTAL DISABILITIES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Creasey President | OfficerTrustee | 2 | $0 |
Pat Donahue Vice Preside | OfficerTrustee | 2 | $0 |
Mike Hardesty Director | Trustee | 2 | $0 |
Jama Wells Director | Trustee | 2 | $0 |
Jim Young Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mash Contract | 12/30/22 | $205,756 |
Progressive Health Of In Llc Contract | 12/30/22 | $153,048 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $883,212 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,319 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $992,531 |
| Total Program Service Revenue | $2,864,034 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,856,565 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,282,399 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,442 |
| Payroll taxes | $92,047 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $277,746 |
| Advertising and promotion | $7,564 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $142,814 |
| Travel | $5,547 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $137,456 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $260,642 |
| Insurance | $55,801 |
| All other expenses | $60,000 |
| Total functional expenses | $3,115,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $393,649 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,179,205 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,499 |
| Net Land, buildings, and equipment | $3,418,989 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $15,508 |
| Other assets | $0 |
| Total assets | $5,024,850 |
| Accounts payable and accrued expenses | $99,350 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $545,839 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,101,570 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $77,704 |
| Total liabilities | $3,824,463 |
| Net assets without donor restrictions | $1,200,387 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,024,850 |