Bible Students Retirement Centers
- Assets
- $1.7m
- Revenue
- $291.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Fairview, OR
- Founding
- 01/1986
- Data as of
- 04/2022
- EIN
- 93-0872692
Organization Overview
Bible Students Retirement Centers is located in Fairview, OR. 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 04/2022, Bible Students Retirement Centers employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bible Students Retirement Centers 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 04/2022, Bible Students Retirement Centers generated $291.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $325.2k during the year ending 04/2022. While expenses have increased by 1.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD, OPERATE AND MAINTAIN A RETIREMENT CENTER PROVIDING INDEPENDENT LIVING ARRANGEMENTS CONDUCIVE TO CHRISTIAN FELLOWSHIP AND BIBLE STUDY FOR THE BIBLE STUDENT FELLOWSHIP RETIREES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SENIOR RETIREMENT LIVING PROGRAM, PROVIDING INDEPENDENT LIVING APARTMENTS AT BELOW MARKET COST TO SENIORS. AT THE CLOSE OF THIS FISCAL PERIOD ON APRIL 30, 2022 WE HAD 32 RESIDENTS. PROGRAM INCLUDES MAINTAINING 28 INDIVIDUAL APARTMENTS AND TOWN HOMES WITH FULL KITCHENS, MOST WITH LAUNDRY ROOMS AND SOME WITH GARAGES. LANDSCAPED GROUNDS INCLUDING WALKING PATHS SURROUNDING A LARGE MAIN HOUSE WITH A CHAPEL-MEETING ROOM, COMMUNAL DINING ROOM AND COMMERCIAL KITCHEN. THE MAIN HOUSE INCLUDES 4 UPSTAIRS GUEST BEDROOMS AVAILABLE FOR RESIDENTS' GUESTS AND OR VISITING DISTANT BOARD MEMBERS.
FOOD SERVICE PROGRAM, PROVIDING A NUTRITIOUS HOT MEAL MONDAY THROUGH FRIDAY TO RETIREMENT CENTER RESIDENTS WHO CHOOSE TO PARTICIPATE. THIS PROGRAM BILLS RESIDENTS AT MONTH END FOR THE ACTUAL MEALS THEY HAVE TAKEN, AT WELL BELOW MARKET PRICES. THEY SIGN UP FOR THE NEW WEEK OF MEALS AFTER THEY SEE THE MENU FOR THAT WEEK. RESIDENTS PAY ONLY ABOUT 45% OF THE ACTUAL FOOD AND LABOR COSTS FOR THIS MEAL SERVICE.
LOW INCOME SUBSIDY PROGRAM - EXPENSES CONSISTED OF RENTAL SUBSIDIES TOTALING $4,122, MEAL SUBSIDIES OF $994, PHONE SUBSIDIES OF $346 AND SOME LIMITED IN-HOME SERVICES OF $60. THIS SUBSIDY PROGRAM IS AVAILABLE TO THOSE WHO QUALIFY AS LOW INCOME, AFTER COMPLETING AN APPLICATION FOR FINANCIAL ASSISTANCE DETAILING THEIR INCOME AND ASSETS IN ACCORDANCE WITH OUR WRITTEN POLICY. THE APPLICATION IS VERIFIED AND THEN IS APPROVED BY THE BOARD OF DIRECTORS IN ACCORDANCE WITH OUR WRITTEN POLICY.
IN-HOME HEALTH RELATED SERVICES REIMBURSEMENT PROGRAM. EACH RESIDENT IS GIFTED A ONE-TIME $500 FUND WHICH MAY BE DRAWN AGAINST AFTER PRESENTING PAID RECEIPTS FOR IN-HOME HEALTH RELATED SERVICES. THIS PROGRAM IS TO ENCOURAGE RESIDENTS TO REMAIN IN THEIR HOMES LONGER BY ENGAGING AND PAYING DIRECTLY FOR OUTSIDE SERVICES TO HELP THEM. THE PROGRAM PROVIDES FOR THE RESIDENT TO CHOOSE WHEN THEY WISH TO INVOKE THEIR $500 BENEFIT AS LONG AS IT HAS A BASIS IN A HEALTH CARE NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Costelli Chairman | Officer | 10 | $0 |
Douglas Rawson Treasurer | Officer | 10 | $0 |
Sandy Koterba Secretary | Officer | 10 | $0 |
Tamara Wesol Director | Trustee | 10 | $0 |
Dawn Shallieu Director | Trustee | 10 | $0 |
Russell Wojcik Resident Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,627 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,997 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,624 |
| Total Program Service Revenue | $245,581 |
| Investment income | $13,063 |
| 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 | $291,539 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,521 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,662 |
| 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 | $96,473 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,472 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $933 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,604 |
| Fees for services: Other | $0 |
| Advertising and promotion | $133 |
| Office expenses | $9,047 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $170,306 |
| Travel | $1,341 |
| 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 | $25,728 |
| Insurance | $1,866 |
| All other expenses | $1,111 |
| Total functional expenses | $325,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,953 |
| Savings and temporary cash investments | $444,168 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,915 |
| 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 | $26,909 |
| Net Land, buildings, and equipment | $630,340 |
| Investments—publicly traded securities | $331,409 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $168,401 |
| Total assets | $1,675,095 |
| Accounts payable and accrued expenses | $17,031 |
| 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 | $136,282 |
| Total liabilities | $153,313 |
| Net assets without donor restrictions | $0 |
| 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 | $1,555,440 |
| Retained earnings, endowment, accumulated income, or other funds | -$33,658 |
| Total liabilities and net assets/fund balances | $1,675,095 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bible Students Retirement Centers has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $30,000 |
Endowment Analysis
| Beg. Balance | $98,736 |
| Earnings | $635 |
| Net Contributions | $9,000 |
| Grants | $5,521 |
| Ending Balance | $102,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Front Porch Communities Operating Group Llc Glendale, CA | $0 | $63,438,130 |
Marys Woods At Marylhurst Inc Lake Oswego, OR | $331,910,754 | $44,154,309 |
Mira Bella Seattle, WA | $187,904,464 | $31,331,607 |
Humangood Fresno Duarte, CA | $99,958,177 | $30,814,211 |
Mirabella At South Waterfront Portland, OR | $173,639,306 | $25,337,918 |
Humangood Nevada Duarte, CA | $70,139,943 | $27,024,940 |
Dallas Mennonite Retirement Community Inc Dallas, OR | $84,334,175 | $25,845,409 |
Humangood Idaho Duarte, CA | $92,297,372 | $17,990,575 |
Lutheran Retirement Home Of Greater Seattle Inc Seattle, WA | $84,207,346 | $21,992,663 |
Asian Pacific Health Care Venture Inc Los Angeles, CA | $31,429,576 | $29,795,515 |
Hollenbeck Palms Los Angeles, CA | $91,601,425 | $22,351,666 |
Foss Home & Villiage Seattle, WA | $15,479,734 | $20,550,514 |