Sayre Village Phase Iii Inc
- Assets
- $16.6m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 57
- Location
- Lexington, KY
- Founding
- 05/1986
- Data as of
- 09/2021
- EIN
- 61-1088950
Organization Overview
Sayre Village Phase Iii Inc is located in Lexington, KY. The organization was established in 1986. 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 09/2021, Sayre Village Phase Iii Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sayre Village Phase Iii 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 09/2021, Sayre Village Phase Iii Inc generated $4.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $4.4m during the year ending 09/2021. While expenses have increased by 9.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A NON-PROFIT SENIOR LIVING COMMUNITY DEDICATED TO PROVIDING QUALITY HOUSING, REHABILITATIVE SERVICES REFLECTING CHRISTIAN COMPASSION FOR EVERYONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN APARTMENT COMPLEX FOR ELDERLY AND HANDICAPPED INDIVIDUALS. THERE ARE 117 APARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Ring President | OfficerTrustee | 2 | $0 |
Biff Buckley Vice President | OfficerTrustee | 2 | $0 |
Dee Herndon Secretary | OfficerTrustee | 2 | $0 |
Kennetha Keinath Treasurer | OfficerTrustee | 2 | $0 |
Joe Drumm VP Residential Services & | Officer | 12 | $0 |
Karen Venis Executive Director | Officer | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Schiller Architectural Hardware & Door Construction Services | 9/29/21 | $145,632 |
Home Helpers Of Lexington Assisted Living Contract Labor | 9/29/21 | $102,809 |
Wood Concepts Inc Countertop Replacements | 9/29/21 | $129,398 |
Morrison Community Living Food Services | 9/29/21 | $1,288,724 |
The Hayden Company Inc Construction Services | 9/29/21 | $473,677 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $443,742 |
| 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 | $443,742 |
| Total Program Service Revenue | $3,567,756 |
| Investment income | $2,617 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,040,581 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $773,292 |
| Pension plan accruals and contributions | $2,278 |
| Other employee benefits | $61,707 |
| Payroll taxes | $44,943 |
| Fees for services: Management | $231,449 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $190,884 |
| Office expenses | $142,942 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $194,805 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $473,763 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $414,904 |
| Insurance | $112,322 |
| All other expenses | $0 |
| Total functional expenses | $4,375,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $455,807 |
| Savings and temporary cash investments | $2,777,362 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,303 |
| 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 | $37,627 |
| Net Land, buildings, and equipment | $12,971,760 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $283,592 |
| Total assets | $16,578,451 |
| Accounts payable and accrued expenses | $24,201 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $28,581 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,447,914 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $87,083 |
| Total liabilities | $14,587,779 |
| Net assets without donor restrictions | $1,990,672 |
| Net assets with donor restrictions | $0 |
| 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 | $16,578,451 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Masonic Home Independent Living Ii Inc Masonic Home, KY | $142,516,912 | $16,410,935 |
Wesleyan Senior Care Inc Elyria, OH | $38,781,786 | $23,501,325 |
The Glebe Inc Glen Allen, VA | $79,347,451 | $20,057,701 |
Saint Anne Home And Retirment Community Fort Wayne, IN | $21,467,824 | $25,970,139 |
Lewis Memorial Christian Village St Louis, MO | $48,381,888 | $18,539,239 |
Alliance Foundation Of Florida Inc Fairfax, VA | $3,980,019 | $2,209,632 |
Prairie Landing Community Inc Indianapolis, IN | $109,459,923 | $13,961,062 |
Hubbard Hill Estates Inc Elkhart, IN | $40,723,668 | $16,327,220 |
Fairhaven Christian Home Rockford, IL | $28,131,692 | $15,992,551 |
Mother Angeline Mccrory Manor Inc Columbus, OH | $23,036,099 | $15,389,300 |
Villa St Benedict Lisle, IL | $63,409,322 | $15,184,886 |
Bethesda Senior Living Inc St Louis, MO | $51,618,462 | $21,887,696 |