Atherton Baptist Homes
- Assets
- $69.6m
- Revenue
- $26.1m
- Investments
- $0.0
- Employees
- 195
- Location
- Alhambra, CA
- Founding
- 01/1939
- Data as of
- 12/2023
- EIN
- 95-1683861
Organization Overview
Atherton Baptist Homes is located in Alhambra, CA. The organization was established in 1939. 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 12/2023, Atherton Baptist Homes employed 195 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atherton Baptist Homes 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 12/2023, Atherton Baptist Homes generated $26.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $24.3m during the year ending 12/2023. While expenses have increased by 1.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A SENIOR COMMUNITY ROOTED IN CHRISTIAN VALUES, ENRICHING LIVES AND HONORING ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A 99-BED SKILLED NURSING FACILITY
OPERATED A RESIDENTIAL CARE FACILITY CONSISTING OF 217 INDEPENDENT LIVING UNITS, 32 ASSISTED LIVING UNITS, AND A 4-BED COMPANION CARE UNIT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev J Craig Statton President/ceo | OfficerTrustee | 40 | $189,126 |
Mr Dale L Montgomery Chair | OfficerTrustee | 0.3 | $0 |
ESQ Warren A Williams Vice-Chair | OfficerTrustee | 0.3 | $0 |
Mr Stephen Garcia Treasurer Start 1/2023 | OfficerTrustee | 0.3 | $0 |
Mrs Linda Walpus Secretary Start 1/2023 | OfficerTrustee | 0.3 | $0 |
Mr John Aldridge Board Member | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrison Management Specialists Dining Contract Services | 12/30/23 | $3,740,400 |
Coreworks Llc Evs And Pom Contract Services | 12/30/23 | $1,678,368 |
Babcock Construction Inc Construction/renovation Services | 12/30/23 | $829,028 |
Therapy Specialists Rehab Therapy Services | 12/30/23 | $637,945 |
Quality Interiors Construction/renovation Services | 12/30/23 | $346,675 |
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 | $406,617 |
| Noncash contributions included in lines 1a–1f | $124,360 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $406,617 |
| Total Program Service Revenue | $23,798,434 |
| Investment income | $960,797 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,905 |
| Net Rental Income | $195,870 |
| Net Gain/Loss on Asset Sales | $665,153 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,089,939 |
| 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. | $454,424 |
| Compensation of current officers, directors, key employees. | $220,073 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,408,931 |
| Pension plan accruals and contributions | $407,323 |
| Other employee benefits | $1,165,529 |
| Payroll taxes | $587,621 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,073 |
| Fees for services: Accounting | $70,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $177,785 |
| Fees for services: Other | $0 |
| Advertising and promotion | $294,980 |
| Office expenses | $249,304 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,085,325 |
| Travel | $33,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,443 |
| Interest | $1,034,628 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,581,611 |
| Insurance | $485,776 |
| All other expenses | $1,062,284 |
| Total functional expenses | $24,291,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,962 |
| Savings and temporary cash investments | $8,601,357 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $581,294 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,597 |
| Prepaid expenses and deferred charges | $354,294 |
| Net Land, buildings, and equipment | $34,979,411 |
| Investments—publicly traded securities | $24,328,802 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $504,041 |
| Total assets | $69,556,758 |
| Accounts payable and accrued expenses | $1,993,040 |
| Grants payable | $0 |
| Deferred revenue | $18,836,321 |
| Tax-exempt bond liabilities | $26,011,227 |
| Escrow or custodial account liability | $139,085 |
| 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 | $17,378,758 |
| Total liabilities | $64,358,431 |
| Net assets without donor restrictions | $4,923,429 |
| Net assets with donor restrictions | $274,898 |
| 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 | $69,556,758 |