Baptist Community Affordable Housing Foundation
- Assets
- $11.6m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Amarillo, TX
- Founding
- 07/2001
- Data as of
- 12/2021
- EIN
- 75-2772639
Organization Overview
Baptist Community Affordable Housing Foundation is located in Amarillo, TX. The organization was established in 2001. According to its NTEE Classification (Y30) the organization is classified as: Pension & Retirement Funds, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Community Affordable Housing Foundation 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, Baptist Community Affordable Housing Foundation generated $7.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $7.3m during the year ending 12/2021. While expenses have increased by 0.2% 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
PROVISION OF AFFORDABLE HOUSING AND SKILLED NURSING SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAPTIST COMMUNITY AFFORDABLE HOUSING FOUNDATION (BCAHF) WAS FORMED BY BAPTIST COMMUNITY SERVICES (BCS) IN 1998, TO DEVELOP AND PROVIDE, DIRECTLY AND INDIRECTLY, AFFORDABLE HOUSING FACILITIES FOR LOWER INCOME POPULATIONS, AND ALSO LONG-TERM CARE SERVICES FOR SENIOR ADULTS. BCAHF HAS BEEN DIRECTLY INVOLVED IN THE DEVELOPMENT OF A 156 UNIT AFFORDABLE HOUSING PROJECT FOR SENIORS IN AMARILLO, TEXAS. THIS PROJECT INVOLVED THE CONSTRUCTION OF A 114 UNIT APARTMENT BUILDING AND THE REHABILITATION OF A 75 YEAR OLD HISTORICAL BUILDING INTO A 42 UNIT APARTMENT BUILDING. LOW INCOME HOUSING TAX CREDITS ALLOCATED BY THE STATE OF TEXAS WERE UTILIZED TO HELP FINANCE THIS PROJECT. BCAHF ALSO HAS COMPLETED DEVELOPMENT OF 184 UNIT AFFORDABLE HOUSING PROJECT FOR LOWER INCOME FAMILIES IN AMARILLO, TEXAS. THIS PROJECT PROVIDES MUCH NEEDED HOUSING FOR THOSE WORKING AT THE REGIONAL MEDICAL CENTER IN AMARILLO, TEXAS. LOW INCOME HOUSING TAX CREDITS WERE ALSO UTILIZED, ALONG WITH TAX EXEMPT BONDS TO FINANCE THIS PROJECT. IN 2006, BCAHF COMPLETED CONSTRUCTION OF THE ARBORS, A 120 BED LICENSED NURSING CARE FACILITY THAT PARTICIPATES IN MEDICAID AND MEDICARE LONG-TERM SKILLED NURSING PROGRAMS. CARE PROVIDED TO QUALIFYING RESIDENTS UNDER MEDICAID IS REIMBURSED AT RATES LESS THAN BCAHF'S ESTABLISHED RATES. IN 2021, THE MEDICAID AND MEDICARE REIMBURSEMENT WAS LESS THAN BCAHF'S ESTABLISHED RATES BY 422,950.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alvin Morris Administrato | 40 | $114,988 | |
Robert Smith Vice Preside | OfficerTrustee | 7.5 | $30,294 |
Mark Hotmann Sr.vp/treasu | OfficerTrustee | 1 | $0 |
Stephen Dalrymple President/ce | OfficerTrustee | 1 | $0 |
Karen Archinal Secretary | OfficerTrustee | 0.5 | $0 |
Christopher Pirtle Vp/general C | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bsa Hospital Llc Lab | 12/30/21 | $105,758 |
Select Rehabilitation Therapy | 12/30/21 | $841,699 |
Nursecore Nursing | 12/30/21 | $115,861 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $223,460 |
| Government grants | $985,573 |
| 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 | $1,209,033 |
| Total Program Service Revenue | $6,030,191 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $256,552 |
| 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 | $7,495,776 |
| 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. | $34,944 |
| Compensation of current officers, directors, key employees. | $34,944 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,141,223 |
| Pension plan accruals and contributions | $136,756 |
| Other employee benefits | $590,198 |
| Payroll taxes | $227,721 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,933 |
| Fees for services: Accounting | $3,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,390 |
| Advertising and promotion | $56,096 |
| Office expenses | $0 |
| Information technology | $45,847 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $615,924 |
| Insurance | $124,413 |
| All other expenses | $0 |
| Total functional expenses | $7,321,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,316 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $819,553 |
| 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 | $10,742,613 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,506 |
| Total assets | $11,620,988 |
| Accounts payable and accrued expenses | $7,451 |
| 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 | $20,957,448 |
| Total liabilities | $20,964,899 |
| Net assets without donor restrictions | -$9,343,911 |
| 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 | $11,620,988 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Baptist Community Affordable Housing Foundation has recieved totaling $223,460.
| Awarding Organization | Amount |
|---|---|
High Plains Christian Ministries Foundation Amarillo, TX PURPOSE: SUPPORT | $223,460 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Altria Client Services Long-Term Disability Trust Plano, TX | $71,923,559 | $8,055,781 |
Baptist Community Affordable Housing Foundation Amarillo, TX | $11,620,988 | $7,495,776 |
1717 Ridge Apartments Inc Dallas, TX | $59,741,170 | $2,340,816 |
Laredo Regional Food Bank Inc Laredo, TX | $167,833 | $136,090 |
Pauline Revere Thayer Memorial Pension Fund Dallas, TX | $652,717 | $126,825 |
C O M Utility And Maintenance Trust Midland, TX | $421,908 | $0 |
Department Of Texas Korean War Veterans Association Inc Copperas Cove, TX | $26,777 | $11,974 |
City Of Cammack Village Employees Retirement Assistance Trust Little Rock, AR | $171,506 | $0 |