St Annes Terrace Inc
- Assets
- $7.4m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 95
- Location
- Atlanta, GA
- Founding
- 09/1983
- Data as of
- 12/2021
- EIN
- 58-1515205
Organization Overview
St Annes Terrace Inc is located in Atlanta, GA. The organization was established in 1983. 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. As of 12/2021, St Annes Terrace Inc employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Annes Terrace 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, St Annes Terrace Inc generated $4.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 2.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EXCELLENCE IN RESIDENTIAL HOUSING AND SERVICES AT REASONABLE COST, ENABLING OLDER ADULTS TO AGE GRACEFULLY WHILE MAINTAINING THEIR INDEPENDENCE, DIGNITY, AND WHOLENESS OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RESIDENTIAL HOUSING SERVICES FOR THE ELDERLY INCLUDING DIETARY, HOUSEKEEPING, SECURITY AND OTHER SERVICES FOR APPROXIMATELY 100 RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Monroe Executive Director | OfficerTrustee | 40 | $160,924 |
David Brooks Associate Director | 40 | $116,756 | |
Keith Golden Finance Director | OfficerTrustee | 40 | $112,022 |
Antoinette Sturm Marketing Director | 40 | $105,604 | |
Mohan Raj Immediate Past President | OfficerTrustee | 0.5 | $0 |
William Bray Bourne IV President | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mckenney's Inc Installation Contractor | 12/30/21 | $110,000 |
Sysco Atlanta Llc Food Supplies | 12/30/21 | $195,057 |
Barnard Painting Inc Painting Contractor | 12/30/21 | $102,618 |
Concept Flooring Inc Installation Contractor | 12/30/21 | $120,687 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $342,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,755 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $365,555 |
| Total Program Service Revenue | $4,511,795 |
| Investment income | $60,294 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$69,734 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,867,910 |
| 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. | $523,950 |
| Compensation of current officers, directors, key employees. | $292,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,388,651 |
| Pension plan accruals and contributions | $54,176 |
| Other employee benefits | $286,607 |
| Payroll taxes | $151,363 |
| 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 | $44,193 |
| Advertising and promotion | $25,991 |
| Office expenses | $209,006 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $247,003 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,385 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $386,970 |
| Insurance | $101,677 |
| All other expenses | $35,541 |
| Total functional expenses | $4,255,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,342,537 |
| Savings and temporary cash investments | $201,535 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,210 |
| 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 | $113,956 |
| Net Land, buildings, and equipment | $2,400,025 |
| Investments—publicly traded securities | $3,235,955 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $146,668 |
| Total assets | $7,448,886 |
| Accounts payable and accrued expenses | $185,895 |
| Grants payable | $0 |
| Deferred revenue | $76,128 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $251,851 |
| Total liabilities | $513,874 |
| Net assets without donor restrictions | $6,617,791 |
| Net assets with donor restrictions | $317,221 |
| 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 | $7,448,886 |
Endowment Analysis
| Beg. Balance | $1,680,449 |
| Earnings | $190,958 |
| Other Expense | $16,200 |
| Ending Balance | $1,855,207 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Andrews Residence Of The Diocese Of Southeast Florida Inc West Palm Beach, FL | $295,539 | $24,065,641 |
Cypress Of Charlotte Club Inc Charlotte, NC | $4,602,507 | $19,033,502 |
Lavender Mountain Senior Living Inc Mount Berry, GA | $141,195,331 | $5,176,789 |
Cypress Club Inc Hilton Head Island, SC | $31,122,152 | $20,067,120 |
Westminster Pines Inc Orlando, FL | $103,132,021 | $15,458,662 |
Skidaway Health And Living Services Inc Savannah, GA | $89,340,251 | $17,567,308 |
Lake Prince Center Inc Newton, NC | $22,105,583 | $13,762,352 |
Palm Shores Retirement Community Inc Orlando, FL | $37,421,751 | $16,521,390 |
St George Village-Catholic Community Retirement Center Roswell, GA | $71,436,640 | $13,654,810 |
Wesley Homes Inc Atlanta, GA | $20,385,914 | $13,715,520 |
Tampa Life Plan Village Inc Tampa, FL | $57,175,002 | $4,514,952 |
Jewish Home Life Communities Inc Atlanta, GA | $30,539,364 | $15,353,434 |