Tennessee Baptist Adult Homes Inc
- Assets
- $5.5m
- Revenue
- $1.8m
- Investments
- $1.5m
- Employees
- 47
- Location
- Franklin, TN
- Founding
- 10/1980
- Data as of
- 10/2022
- EIN
- 62-0934533
Organization Overview
Tennessee Baptist Adult Homes Inc is located in Franklin, TN. The organization was established in 1980. 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 10/2022, Tennessee Baptist Adult Homes Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Baptist Adult Homes 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 10/2022, Tennessee Baptist Adult Homes Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.1%) each year. All expenses for the organization totaled $2.2m during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (15.2%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE GROUP HOMES FOR DEVELOPMENTALLY DISABLED ADULTS AND SENIOR ADULT LIVING HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TBAH OPERATIONS INCLUDE SIX GROUP HOMES, WITH A TOTAL OF 55 BEDS FOR INTELLECTUALLY DISABLED ADULTS AND SENIOR ADULT LIVING HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Mark Anderson President & Treasurer | Officer | 40 | $63,868 |
Rev Jimmy Burroughs Chair Of The Board | OfficerTrustee | 1 | $0 |
Rev Steve Babcock Vice-Chair Of The Board | OfficerTrustee | 1 | $0 |
Mrs Sherry Scruggs Secretary | OfficerTrustee | 1 | $0 |
Dr Tom Dumser Chair-Nominating Committee | Trustee | 1 | $0 |
Mrs Mary Williamson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lashlee-rich Inc Construction Of Small Retirement Communi | 10/30/22 | $421,004 |
Mcgehee Nicholson Burke Architects Architectural Services For Small Retirem | 10/30/22 | $106,387 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $293,812 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $492,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $786,462 |
| Total Program Service Revenue | $889,169 |
| Investment income | $46,780 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$20,173 |
| Net Gain/Loss on Asset Sales | $18,068 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,800,894 |
| 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. | $139,949 |
| Compensation of current officers, directors, key employees. | $28,759 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,000,888 |
| Pension plan accruals and contributions | $47,608 |
| Other employee benefits | $121,479 |
| Payroll taxes | $72,445 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,218 |
| Fees for services: Accounting | $7,738 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,217 |
| Advertising and promotion | $0 |
| Office expenses | $7,804 |
| Information technology | $882 |
| Royalties | $0 |
| Occupancy | $182,789 |
| Travel | $40,322 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,706 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,505 |
| Insurance | $45,092 |
| All other expenses | $4,811 |
| Total functional expenses | $2,172,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,015 |
| Savings and temporary cash investments | $183,858 |
| Pledges and grants receivable | $43,635 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $296,738 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,610,454 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,523,648 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,661,213 |
| Total assets | $5,500,561 |
| Accounts payable and accrued expenses | $95,883 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $690,239 |
| Total liabilities | $786,122 |
| Net assets without donor restrictions | $2,692,432 |
| Net assets with donor restrictions | $2,022,007 |
| 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 | $5,500,561 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tennessee Baptist Adult Homes Inc has recieved totaling $53.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $53 |
Endowment Analysis
| Beg. Balance | $382,716 |
| Earnings | -$43,967 |
| Admin Expense | $5,826 |
| Ending Balance | $332,923 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Masonic Home Independent Living Ii Inc Masonic Home, KY | $142,516,912 | $16,410,935 |
The Glebe Inc Glen Allen, VA | $79,347,451 | $20,057,701 |
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 |
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 |
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 |
Bethesda Senior Living Inc St Louis, MO | $51,618,462 | $21,887,696 |
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 |
Ascension Living St Josephs Place St Louis, MO | $4,321,699 | $10,048,522 |