Bishop Gadsden Episcopal Retirement Community

Organization Overview

Bishop Gadsden Episcopal Retirement Community is located in Charleston, SC. The organization was established in 1943. 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 Gadsden Episcopal Retirement Community employed 613 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bishop Gadsden Episcopal Retirement Community 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 Gadsden Episcopal Retirement Community generated $50.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $43.5m during the year ending 12/2021. While expenses have increased by 6.5% per year over the past 7 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

OPERATION OF A FAITH-BASED RETIREMENT FACILITY PROVIDING HOUSING AND HEALTH CARE SERVICES

Describe the Organization's Program Activity:

Part 3 - Line 4a

FOUNDED BY THE FOURTH EPISCOPAL BISHOP OF SOUTH CAROLINA IN 1850, BISHOP GADSDEN EPISCOPAL RETIREMENT COMMUNITY UPHOLDS THE TRADITION OF FAITH-BASED, NOT-FOR-PROFIT ORGANIZATIONS DEDICATED TO THE WELL-BEING OF THOSE PERSONS WHO, BECAUSE OF AGE, PERSONAL CONDITIONS, HEALTH AND THEIR EXPRESS DESIRE, CHOOSE TO RESIDE IN A RETIREMENT COMMUNITY. BISHOP GADSDEN IS A MISSION-DRIVEN, NON-PROFIT-DRIVEN, ORGANIZATION. IT HAS A LONG-TERM OBLIGATION TO ITS RESIDENTS AND IS COMMITTED TO REMOVING FINANCIAL BARRIERS TO RESIDENCY. ITS ROOTS IN THE GREATER CHARLESTON COMMUNITY SPAN OVER 171 YEARS AND, THROUGH THE YEARS, IT HAS RESPONDED TO SPECIFIC NEEDS OF THE GREATER COMMUNITY. IT HAS LONG BEEN OPEN TO ALL MEN AND WOMEN WITHOUT REGARD TO RACE, CREED, RELIGIONS, SEXUAL PREFERENCE, OR NATIONAL ORIGIN.RETIREMENT COMMUNITY: BISHOP GADSDEN SERVES APPROXIMATELY 500 SENIOR ADULTS, 62 YEARS OF AGE AND OLDER, RESIDING IN FOUR LEVELS OF CARE: INDEPENDENT COMMUNITY (268 UNITS), ASSISTED LIVING (69 UNITS), MEMORY SUPPORT (19 BEDS), AND SKILLED NURSING CARE (50 BEDS). BISHOP GADSDEN OPERATES TO MEET THE PRIMARY NEEDS OF SENIOR CITIZENS BY PROVIDING (1) RESIDENTIAL FACILITIES DESIGNED TO MEET PHYSICAL, EMOTIONAL, RECREATIONAL, SOCIAL, RELIGIOUS, AND SIMILAR NEEDS OF THE ELDERLY, (2) ACCESS TO HEALTH CARE SERVICES AS NEEDED, (3) ASSURANCE THAT THE ORGANIZATION IS RUN IN A FISCALLY RESPONSIBLE MANNER, AND (4) THE COMMITMENT OF FINANCIAL SECURITY TO ANY RESIDENT WHO RUNS OUT OF MONEY THROUGH NO FAULT OF HIS/HER OWN.


RESIDENT ASSISTANCE PROGRAM: BISHOP CHRISTOPHER GADSDEN FOUNDED THE HOME FOR ORPHANS AND WIDOWS IN 1850 TO ASSIST THOSE IN NEED. HIS VISION FOR A CARING COMMUNITY IS THE HEART AND SOUL OF THE ORGANIZATION NOW CALLED BISHOP GADSDEN. AT THE CORE OF BISHOP GADSDEN IS THE BELIEF AND EXECUTION OF THE CHARITABLE MISSION.SINCE 1995, BISHOP GADSDEN'S RESIDENT ASSISTANCE FUND HAS DONATED MORE THAN $5.20 MILLION IN CHARITABLE CARE TO RESIDENTS FACING FINANCIAL DIFFICULTIES. THE RESIDENT ASSISTANCE FUND ALLEVIATES ANY ANXIETIES RESIDENTS AND THEIR FAMILIES HAVE BY ASSURING THEM THAT THEY WILL CONTINUE TO RECEIVE THE CARE THEY NEED REGARDLESS OF WHETHER THEY CAN PAY. THROUGH THE CONTINUED EFFORTS OF BISHOP GADSDEN RESIDENTS, FAMILIES, STAFF, AND OTHER ORGANIZATIONS, THE RESIDENT ASSISTANCE FUND CONTINUES TO BE A HIGH PRIORITY. THIS IMPERATIVE FUND ALLOWS BISHOP GADSDEN TO ASSIST RESIDENTS AND FUTURE RESIDENTS WHO, BY NO FAULT OF THEIR OWN, CAN NO LONGER AFFORD THEIR CONTINUED CARE, WHILE ALSO SUPPORTING OUTSIDE CHARITABLE ORGANIZATIONS.ALL RESIDENTS WHO ARE RECEIVING FINANCIAL SUPPORT OR ASSISTANCE ARE BETWEEN THE AGES OF 73-98. THEY COME FROM THE GREATER CHARLESTON AREA, ARE BOTH MALE AND FEMALE, AND CROSS ALL SOCIOECONOMIC LINES. THEIR QUALIFICATIONS RANGE FROM HAVING A PAST STRONG COMMITMENT TO THEIR CHURCH COMMUNITY THROUGH VOLUNTEERING TIME AND TALENTS, TO RESIDENTS WHO HAVE MADE SIGNIFICANT CONTRIBUTIONS TO THE CHARLESTON AREA THROUGH THEIR TIME OR TALENT. THEIR CONTRIBUTIONS MAY BE OF AN ARTISTIC NATURE, ONE OF PUBLIC SERVICE, OR THE ABILITY TO HAVE CREATED A POSITIVE PHILOSOPHICAL CHANGE. BISHOP GADSDEN WILL CONTINUE TO EXTEND ASSISTANCE TO RESIDENTS, ACTING ON THE FIRM BELIEF THAT REMOVING ECONOMIC BARRIERS TO RESIDENCY IS PART OF ITS MISSION.IN 2021, $439,000 WAS DISTRIBUTED IN CHARITABLE CARE.


CHARITABLE GIVING AND GENEROUS SPIRIT PROGRAMS: THROUGHOUT BISHOP GADSDEN'S HISTORY, A COMMITMENT TO GIVING HAS BEEN ON THE FOREFRONT RESULTING IN OVER $9,477,010 IN CHARITABLE CARE AND GIFTS BEING RAISED FOR AND DISTRIBUTED TO OTHER NON-PROFIT ORGANIZATIONS IN OUR LOCAL COMMUNITY.THE CHARITABLE MISSION COMMITTEE'S NONPROFIT SELECTION CHAIR AND FELLOW RESIDENTS SELECT A SMALL GROUP (5 TO 7) OF NONPROFITS FROM A LIST OF 30 TO 40 NONPROFIT GRANT APPLICATIONS TO SUPPORT EACH YEAR. LED BY RESIDENTS, WITH ASSISTANCE FROM TEAM MEMBERS OF THE CHARITABLE GIVING OFFICE, THE CHARITABLE MISSION COMMITTEE SETS A FUNDRAISING GOAL. IN 2021, THIS IMPORTANT COMMITTEE DISBURSED $323,920 IN CASH. THESE FUNDS WERE ALLOCATED AS FOLLOWS: $79,155 EACH, TO BARRIER ISLANDS FREE MEDICAL CLINIC, CHARLESTON AREA SENIOR CITIZENS, SEA ISLANDS HUNGER AWARENESS FOUNDATION, TRICOUNTY FAMILY MINISTRIES, $2,500 CHARLESTON ANIMAL SOCIETY, $2,000 BE A MENTOR, $2,800 VANTAGE POINT FOUNDATION. ADDITIONALLY, $13,649 IN IN-KIND ITEMS, PLUS 900 TOYS FOR HABITAT FOR HUMANITY AND TOYS FOR TOTS WERE DONATED. IN ADDITION TO CHARITABLE CAUSES THAT SUPPORT OUTSIDE ORGANIZATIONS, RESIDENTS AND STAFF CONTRIBUTE TO THE STRONGHEART EMPLOYEE EDUCATION SCHOLARSHIP, WITH $78,520 BEING DISTRIBUTED TO EMPLOYEES FOR EDUCATION PURPOSES AND EDUCATION DEBT ELIMINATION, AS WELL AS THE EMPLOYEE ASSISTANCE FUND, WHICH GAVE LOANS AND GRANTS IN THE NET AMOUNT OF $8,336. IN ADDITION, THE EMPLOYEE ASSISTANCE FUND PROVIDED $6,345 IN BACK-TO-SCHOOL FUNDS FOR ELIGIBLE EMPLOYEES.RESIDENTS AND STAFF CONTRIBUTE MORE THAN 7,500 VOLUNTEER HOURS TO LOCAL AND NATIONAL CHARITABLE ORGANIZATIONS, AN INVESTMENT OF $215,391. ADDITIONALLY, BISHOP GADSDEN'S CULINARY DEPARTMENT DONATED 22,296 POUNDS OF FOOD, EQUALING A GIFT OF $151,161, AND 33,444 MEALS. EXECUTIVE STAFF ALSO SIT ON COMMUNITY BOARDS SUCH AS ROPER ST. FRANCIS, VANTAGE POINT FOUNDATION, LOWCOUNTRY ASSOCIATION OF FUNDRAISING PROFESSIONALS, SC/NC PLANNED GIVING CONFERENCE, SEA ISLAND HABITAT FOR HUMANITY, LEADINGAGE SC AND WE ARE SHARING HOPE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
S K Burt Construction Llc
Construction Services
$2,270,857
Turf Techs Llc
Landscaping Services
$750,734
Samet Corporation
General Contractor
$32,604,490
Rlps Architects
Architects
$909,731
Bcg Consultants
Construction Consultant
$340,775
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $4,297,119
All other contributions, gifts, grants, and similar amounts not included above$3,190,159
Noncash contributions included in lines 1a–1f $612,268
Total Revenue from Contributions, Gifts, Grants & Similar$7,487,278
Total Program Service Revenue$39,773,902
Investment income $1,483,327
Tax Exempt Bond Proceeds $1,210,500
Royalties $0
Net Rental Income $4,668
Net Gain/Loss on Asset Sales $713,972
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$23,565
Miscellaneous Revenue$0
Total Revenue $50,827,097

Grants Awarded

Over the last fiscal year, Bishop Gadsden Episcopal Retirement Community has awarded $316,620 in support to 4 organizations.

Grant RecipientAmount

TRICOUNTY FAMILY MINISTRIES

Org PageRecipient Profile

North Charleston, SC

PURPOSE: GENERAL OPERATIONS

$79,155

BARRIER ISLANDS FREE MEDICAL CLINIC

Org PageRecipient Profile

Johns Island, SC

PURPOSE: GENERAL OPERATIONS

$79,155

CHARLESTON AREA SENIOR CITIZENS SERVICES INC

Org PageRecipient Profile

Charleston, SC

PURPOSE: GENERAL OPERATIONS

$79,155

SEA ISLANDS HUNGER AWARENESS FOUNDATION

Org PageRecipient Profile

Johns Island, SC

PURPOSE: GENERAL OPERATIONS

$79,155
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Bishop Gadsden Episcopal Retirement Community has recieved totaling $59,785.

Awarding OrganizationAmount
Ayco Charitable Foundation

Cohoes, NY

PURPOSE: COMMUNITY & HUMAN SERVICES

$17,100
Coastal Community Foundation Of South Carolina Inc

N Charleston, SC

PURPOSE: HUMAN NEEDS GRANT

$15,000
Foundation For The Carolinas

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$15,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HUMAN SERVICES

$10,600
The John E@goerlich Charitable Trust

Holland, OH

PURPOSE: PROVIDE ASSISTANCE TO

$2,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$85
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,806,517
Earnings$414,352
Admin Expense$7,500
Net Contributions$102,905
Ending Balance$7,316,274

Peer Organizations

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