Baptist Homes Inc
- Assets
- $11.5m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 264
- Location
- Canton, MS
- Founding
- 12/2003
- Data as of
- 12/2021
- EIN
- 64-0930021
Organization Overview
Baptist Homes Inc, operating under the name Son Valley, is located in Canton, MS. The organization was established in 2003. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 12/2021, Son Valley employed 264 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Son Valley 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, Son Valley generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $6.2m during the year ending 12/2021. While expenses have increased by 15.8% 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 OPERATE A CHRISTIAN COMMUNITY FOR DISABLED ADULTS, MINISTERING TO ALL THEIR NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERMEDIATE CARE FACILITY (ICF):BAPTIST HOMES PROVIDED SERVICE FOR 20 RESIDENTS AT THE ICF. THESE SERVICES INCLUDE PROVIDING FOR THEIR DAY TO DAY NEEDS. THE ORGANIZATION PROVIDES 24 HOUR CARE AT THE ICF.
SUPERVISED LIVING:BAPTIST HOMES PROVIDED SERVICE FOR 35 RESIDENTS IN COMMUNITY LIVING. THE SUPERVISED LIVING CENTER WAS OPEN PART OF THE YEAR FOR THOSE PATRONS THAT WANTED SOMEWHERE TO COME DURING THE DAY.
COMMUNITY CENTER:BAPTIST HOMES PROVIDED SERVICE FOR 50 RESIDENTS IN COMMUNITY LIVING. THE COMMUNITY LIVING CENTERS WERE OPEN PART OF THE YEAR FOR THOSE PATRONS THAT WANTED SOMEWHERE TO COME DURING THE DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Mccormack Executive Director | Officer | 40 | $130,000 |
Marje Kirk Former Secretary | OfficerTrustee | 1 | $480 |
Ron Morton President | OfficerTrustee | 1 | $480 |
Brenda Bozeman Treasurer | OfficerTrustee | 1 | $480 |
Paul Randall Vice President | OfficerTrustee | 1 | $480 |
Jim Foshee Board Member | Trustee | 1 | $480 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $101,904 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,904 |
| Total Program Service Revenue | $7,130,680 |
| Investment income | $55,865 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $204,819 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,741,164 |
| 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. | $132,400 |
| Compensation of current officers, directors, key employees. | $11,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,622,032 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $264,391 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $302 |
| Fees for services: Accounting | $21,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,190 |
| Advertising and promotion | $12,447 |
| Office expenses | $145,253 |
| Information technology | $20,333 |
| Royalties | $0 |
| Occupancy | $843,518 |
| Travel | $169,832 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $59,034 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $212,559 |
| Insurance | $225,281 |
| All other expenses | $0 |
| Total functional expenses | $6,165,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,205,522 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $596,334 |
| 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 | $50,914 |
| Net Land, buildings, and equipment | $4,230,057 |
| Investments—publicly traded securities | $5,456,289 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,862 |
| Total assets | $11,542,978 |
| Accounts payable and accrued expenses | $159,382 |
| 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 | $1,377,959 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,537,341 |
| Net assets without donor restrictions | $9,820,742 |
| Net assets with donor restrictions | $184,895 |
| 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 | $11,542,978 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Baptist Homes Inc has recieved totaling $19.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holy Angels Residential Facility Shreveport, LA | $10,678,047 | $18,384,727 |
Ability Plus Inc Huntsville, AL | $7,298,940 | $15,981,400 |
Holston United Methodist Home For Children Inc Greeneville, TN | $27,641,839 | $16,110,226 |
Mur-Ci Homes Inc Antioch, TN | $9,901,370 | $14,568,313 |
Big Oak Ranch Inc Gadsden, AL | $68,210,031 | $23,919,818 |
Evergreen Presbyterian Ministries Of Texas Inc Haughton, LA | $7,845,590 | $11,531,814 |
Progress Inc Nashville, TN | $6,116,091 | $11,389,774 |
Independent Living Services Inc Conway, AR | $17,341,970 | $13,877,516 |
The Baddour Center Inc Senatobia, MS | $27,615,572 | $10,888,728 |
Rainbow Omega Inc Eastaboga, AL | $11,930,247 | $8,832,059 |
Boone County Independent Living Inc Harrison, AR | $4,645,348 | $6,486,487 |
Baptist Homes Inc Canton, MS | $11,542,978 | $7,741,164 |