Spokane Baptist Association Homes Inc
- Assets
- $8.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 4
- Location
- Spokane, WA
- Founding
- 01/1969
- Data as of
- 03/2022
- EIN
- 91-0841641
Organization Overview
Spokane Baptist Association Homes Inc is located in Spokane, WA. The organization was established in 1969. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 03/2022, Spokane Baptist Association Homes Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spokane Baptist Association 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 03/2022, Spokane Baptist Association Homes Inc generated $2.0m 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 (4.5%) each year. All expenses for the organization totaled $1.9m during the year ending 03/2022. 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
SENIOR CITIZEN HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OWNS AND OPERATES RESIDENCE FOR SENIOR CITIZENS. ALL EXPENSES OF THE ORGANIZATION ARE RELATED TO THE OPERATION OF THE RESIDENCE. THERE WERE 270 UNITS IN TOTAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glen Pierce CEO | Officer | 40 | $80,171 |
Lynn Huffman Director | Trustee | $0 | |
Steve Williams President | Trustee | $0 | |
Chuck Potter Director | Trustee | $0 | |
Simon Way Treasurer | Trustee | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,061,061 |
| Investment income | -$28,549 |
| 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 | $2,032,512 |
| 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 | $364,303 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $78,026 |
| Payroll taxes | $92,659 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,060 |
| Fees for services: Accounting | $2,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $145,734 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,103 |
| Insurance | $90,205 |
| All other expenses | $130,556 |
| Total functional expenses | $1,912,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,731 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,470 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,060,499 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,782 |
| Net Land, buildings, and equipment | $1,247,677 |
| Investments—publicly traded securities | $1,279,757 |
| Investments—other securities | $0 |
| Investments—program-related | $45,124 |
| Intangible assets | $0 |
| Other assets | $3,294,723 |
| Total assets | $8,135,763 |
| Accounts payable and accrued expenses | $102,267 |
| Grants payable | $0 |
| Deferred revenue | $717 |
| 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 | $5,793,222 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $717,199 |
| Total liabilities | $6,613,405 |
| Net assets without donor restrictions | $1,522,358 |
| 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 | $8,135,763 |
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Emerald Care Wapato, WA | $2,750,996 | $9,139,228 |
The Kenney Seattle, WA | $30,891,794 | $8,055,447 |
Oregon Baptist Retirement Home Portland, OR | $10,109,849 | $5,345,202 |
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Keiro Northwest Seattle, WA | $16,126,784 | $4,712,692 |
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