Baptist Retirement Communities Of Georgia
- Assets
- $35.9m
- Revenue
- $6.0m
- Investments
- $4.8m
- Employees
- 25
- Location
- Hiawassee, GA
- Founding
- 12/1966
- Data as of
- 12/2023
- EIN
- 58-0969850
Organization Overview
Baptist Retirement Communities Of Georgia is located in Hiawassee, GA. The organization was established in 1966. 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 12/2023, Baptist Retirement Communities Of Georgia employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Retirement Communities Of Georgia 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 12/2023, Baptist Retirement Communities Of Georgia generated $6.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $6.5m during the year ending 12/2023. While expenses have increased by 3.5% per year over the past 9 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
TO ENRICH THE LIVES OF SENIOR ADULTS BY EMPOWERING EACH INDIVIDUAL TO FLOURISH WHILE AGING IN PLACE WITHIN A CHRISTIAN ENVIRONMENT. PART OF THAT MISSION IS TO PROVIDE AFFORDABLE HOUSING FOR SENIORS, AGE 50 AND UP, IN A CHRISTIAN ENVIRONMENT. THE ORGANIZATION PROVIDES BELOW MARKET INDEPENDENT LIVING AT OUR TWO LOCATIONS: HIAWASSEE PARK IN THE MOUNTAINS OF NORTH GEORGIA; AND PALMETTO PARK IN PALMETTO, GEORGIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING: THE COMMUNITIES PROVIDES HOUSING SERVICES TO SENIOR ADULTS.
RESIDENT SERVICES: THE COMMUNITIES PROVIDES DINING, MINISTRIES AND OTHER SERVICES TO SENIOR ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Stephen Awtrey Trustee | Trustee | 0 | $0 |
Crystal Bice Trustee | Trustee | 0 | $0 |
Mark Camp Trustee | Trustee | 0 | $0 |
Thomas Hammond Jr Trustee | Trustee | 0 | $0 |
Judy Hayes Trustee | Trustee | 0 | $0 |
Rev Darren Hughes Trustee | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pradke Llc Construction | 12/30/21 | $2,385,655 |
Youngblood Grading Co Construction | 12/30/21 | $216,494 |
Ccl Associates Re Development/management | 12/30/21 | $152,996 |
Bj Gann Inc Construction/landscaping | 12/30/21 | $147,425 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $70,550 |
| Government grants | $562,828 |
| All other contributions, gifts, grants, and similar amounts not included above | $236,343 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $869,721 |
| Total Program Service Revenue | $4,921,741 |
| Investment income | $258,534 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$510 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,049,486 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,271 |
| 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. | $403,300 |
| Compensation of current officers, directors, key employees. | $262,836 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,223,842 |
| Pension plan accruals and contributions | $57,867 |
| Other employee benefits | $78,933 |
| Payroll taxes | $95,948 |
| 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 | $139,487 |
| Advertising and promotion | $70,803 |
| Office expenses | $96,070 |
| Information technology | $84,538 |
| Royalties | $0 |
| Occupancy | $407,756 |
| Travel | $36,939 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,452 |
| Interest | $308,633 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,289,229 |
| Insurance | $131,597 |
| All other expenses | $0 |
| Total functional expenses | $6,461,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,425 |
| Savings and temporary cash investments | $1,404,861 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,184 |
| 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 | $0 |
| Net Land, buildings, and equipment | $28,317,848 |
| Investments—publicly traded securities | $24,914 |
| Investments—other securities | $4,756,511 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,164,521 |
| Total assets | $35,857,264 |
| Accounts payable and accrued expenses | $359,805 |
| Grants payable | $0 |
| Deferred revenue | $559,017 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,308,282 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $603,930 |
| Total liabilities | $4,831,034 |
| Net assets without donor restrictions | $25,769,998 |
| Net assets with donor restrictions | $5,256,232 |
| 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 | $35,857,264 |