Bishop Spencer Place Inc
- Assets
- $31.5m
- Revenue
- $13.9m
- Investments
- $0.0
- Employees
- 233
- Location
- Kansas City, MO
- Founding
- 02/1979
- Data as of
- 12/2021
- EIN
- 43-1139083
Organization Overview
Bishop Spencer Place Inc is located in Kansas City, MO. The organization was established in 1979. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2021, Bishop Spencer Place Inc employed 233 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bishop Spencer Place 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 12/2021, Bishop Spencer Place Inc generated $13.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $19.8m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING AND ACTIVITIES FOR A RETIREMENT COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
BISHOP SPENCER PLACE IS A FAITH-BASED, 186 BED/UNIT NON-PROFIT RETIREMENT COMMUNITY LOCATED IN KANSAS CITY, MISSOURI. BISHOP SPENCER PLACE PROVIDES RETIRMENT AND HEALTH CARE SERVICES THAT INCLUDE INDEPENDENT LIVING, ASSISTED LIVING, SKILLED NURSING AND REHABILITATION. AT BISHOP SPENCER PLACE, WE COORDINATE CARE FROM WELLNESS CHECKS TO HOSPICE CARE WITH MANY PHYSICIANS, HOSPITALS AND OTHER HEALTH CARE PROVIDERS. BEING PART OF SAINT LUKE'S HEALTH SYSTEM BRINGS A SPECIAL QUALITY TO OUR UNDERSTANDING OF OUR COMMUNITY MEMBERS' NEEDS AND OUR ABILITY TO MEET THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Select Rehabilitation Inc Rehab Therapy | 12/30/21 | $630,033 |
Union Restaurants Llc Dining Mgmt Services | 12/30/21 | $1,605,948 |
P1 Group Inc Building Maintenance Services | 12/30/21 | $160,001 |
Je Dunn Construction Co Inc Costruction Services | 12/30/21 | $232,388 |
Superior Building Services Inc Building Maintenance Services | 12/30/21 | $201,583 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $52,624 |
| Government grants | $59,797 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,421 |
| Total Program Service Revenue | $13,789,911 |
| Investment income | $5,897 |
| 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 | $13,908,229 |
| 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. | $264,816 |
| Compensation of current officers, directors, key employees. | $264,816 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,652,778 |
| Pension plan accruals and contributions | $346,888 |
| Other employee benefits | $1,506,344 |
| Payroll taxes | $559,729 |
| 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 | $3,359,807 |
| Advertising and promotion | $7,434 |
| Office expenses | $1,042,363 |
| Information technology | $150,555 |
| Royalties | $0 |
| Occupancy | $579,760 |
| Travel | $10,498 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,821 |
| Interest | $139,265 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,356,327 |
| Insurance | $203,498 |
| All other expenses | $0 |
| Total functional expenses | $19,831,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$7,678,362 |
| Savings and temporary cash investments | $1,060,774 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,173,296 |
| 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 | $67,517 |
| Net Land, buildings, and equipment | $31,866,622 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,053,487 |
| Total assets | $31,543,334 |
| Accounts payable and accrued expenses | $1,838,898 |
| Grants payable | $0 |
| Deferred revenue | $20,320,964 |
| Tax-exempt bond liabilities | $19,259,397 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,076,733 |
| Total liabilities | $42,495,992 |
| Net assets without donor restrictions | -$13,771,220 |
| Net assets with donor restrictions | $2,818,562 |
| 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 | $31,543,334 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bishop Spencer Place Inc has recieved totaling $45,980.
| Awarding Organization | Amount |
|---|---|
Saint Lukes Foundation Kansas City, MO PURPOSE: PATIENT CARE & MEDICAL PROGRAMS | $45,980 |
Endowment Analysis
| Beg. Balance | $780,384 |
| Earnings | $6,668 |
| Other Expense | $787,052 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lakeview Village Inc Lenexa, KS | $137,708,063 | $49,070,478 |
Lutheran Home For The Aged Arlington Heights, IL | $131,494,614 | $46,009,976 |
Masonic Homes Of Kentucky Inc Masonic Home, KY | $92,700,057 | $43,584,418 |
Friendship Village Of West County Chesterfield, MO | $195,171,509 | $29,494,334 |
Presbyterian Homes Of Tennessee Inc Knoxville, TN | $109,320,590 | $32,362,942 |
Trezevant Episcopal Home Memphis, TN | $115,088,411 | $33,520,446 |
The Mather Evanston Evanston, IL | $197,036,841 | $28,903,935 |
Covenant Health Care Center Inc Northbrook, IL | $80,834,072 | $35,580,141 |
Plymouth Place Inc Lagrange Park, IL | $140,283,826 | $32,345,507 |
Covenant Living Communities And Services Skokie, IL | $297,389,461 | $56,944,036 |
Larksfield Place Retirement Communities Inc Wichita, KS | $52,859,205 | $27,697,106 |
Baptist Convalescent Center Inc Erlanger, KY | $70,429,855 | $32,396,386 |