Christian Benevolent Outreach Inc
- Assets
- $5.4m
- Revenue
- $4.5m
- Investments
- $379.4k
- Employees
- 54
- Location
- Lexington, KY
- Founding
- 02/1976
- Data as of
- 09/2023
- EIN
- 51-0178917
Organization Overview
Christian Benevolent Outreach Inc is located in Lexington, KY. The organization was established in 1976. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Christian Benevolent Outreach Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian Benevolent Outreach 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 09/2023, Christian Benevolent Outreach Inc generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $4.5m during the year ending 09/2023. While expenses have increased by 13.6% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A NON-PROFIT SENIOR LIVING COMMUNITY DEDICATED TO PROVIDING QUALITY HOUSING, REHABILITATIVE SERVICES AND LONG-TERM NURSING CARE REFLECTING CHRISTIAN COMPASSION FOR EVERYONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HOUSING AND AMENITIES FOR THE ELDERLY AND HANDICAPPED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vicki Phillips Non-Voting Board Member | Trustee | 20 | $95,267 |
Ben Allen Board Member | Trustee | 2 | $0 |
Benjamin Buckley President | OfficerTrustee | 2 | $0 |
Gary Coleman Board Member | Trustee | 2 | $0 |
Doug Flynn Board Member | Trustee | 2 | $0 |
Dee Herndon Vice President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Hayden Company Inc Contruction | 9/29/23 | $188,399 |
Interior Solutions Flooring | 9/29/23 | $170,825 |
The Gardener Inc Landscaping | 9/29/23 | $106,623 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $794,754 |
| Noncash contributions included in lines 1a–1f | $41,491 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $794,754 |
| Total Program Service Revenue | $3,696,338 |
| Investment income | $12,517 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $46 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,525,282 |
| 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. | $697,983 |
| Compensation of current officers, directors, key employees. | $697,983 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,216,061 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $148,635 |
| Payroll taxes | $132,085 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,379 |
| Advertising and promotion | $230,502 |
| Office expenses | $322,480 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $141,983 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,986 |
| Interest | $207,640 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $174,096 |
| Insurance | $161,839 |
| All other expenses | $21,227 |
| Total functional expenses | $4,465,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $372,825 |
| Savings and temporary cash investments | $1,404,209 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $902,977 |
| Inventories for sale or use | $2,759 |
| Prepaid expenses and deferred charges | $4,823 |
| Net Land, buildings, and equipment | $982,644 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $379,429 |
| Investments—program-related | $0 |
| Intangible assets | $99,116 |
| Other assets | $1,211,220 |
| Total assets | $5,360,100 |
| Accounts payable and accrued expenses | $109,852 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $31,346 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,994,281 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $260,288 |
| Total liabilities | $4,395,767 |
| Net assets without donor restrictions | $861,293 |
| Net assets with donor restrictions | $103,040 |
| 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 | $5,360,100 |