Ballentine Home Corporation

Organization Overview

Ballentine Home Corporation, operating under the name The Ballentine Home Corporation, is located in Virginia Beach, VA. The organization was established in 1985. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ballentine Home Corporation 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 09/2021, Ballentine Home Corporation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 51.4% each year . All expenses for the organization totaled $72.4k during the year ending 09/2021. While expenses have increased by 34.1% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT THE MISSION OF WESTMINSTER CANTERBURY ON CHESAPEAKE BAY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORT OF THE SERVICES PROVIDED TO OLDER ADULTS BY WESTMINSTER CANTERBURY ON CHESAPEAKE BAY.


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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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $182,249
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,946,032
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,128,281

Endowment Analysis

Beg. Balance$2,763,373
Ending Balance$2,763,373

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