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Nonprofiteer
← BAPTIST RETIREMENT COMMUNITIES OF GEORGIA

Form 990 for tax year 2023

Filed by BAPTIST RETIREMENT COMMUNITIES OF GEORGIA.

Totals

Total revenue
$6,049,486
Total expenses
$6,461,811
Contributions and grants received
$869,721
Grants paid
$1,271
Program service revenue
$4,921,741
Investment income
$258,024
Other revenue
$0
Total assets, end of year
$35,857,264
Total liabilities, end of year
$4,831,034
Net assets or fund balances, end of year
$31,026,230
Program services expenses (Part IX)
$4,772,529
Management and general expenses
$1,618,479
Fundraising expenses
$70,803
Program service expenses (Part III)
$4,772,529

Program services were 73.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $70,550

  • 1e · Government grants (contributions)

    $562,828

  • 1f · All other contributions, gifts and grants

    $236,343

  • 2a · Program service revenue: RESIDENT RENTS

    total $3,697,368 · related or exempt $3,697,368

  • 2b · Program service revenue: DINING REVENUE

    total $1,053,000 · related or exempt $1,053,000

  • 2c · Program service revenue: TECH FEES

    total $83,749 · related or exempt $83,749

  • 2d · Program service revenue: OTHER PROGRAM REVENUE

    total $49,595 · related or exempt $49,595

  • 2e · Program service revenue: RESIDENT FEES

    total $38,029 · related or exempt $38,029

  • 3 · Investment income

    total $258,534 · excluded $258,534

  • 7b · Less cost or other basis and sales expenses

    other assets $510

  • 7c · Gain or loss

    other assets -$510

  • 7d · Net gain or loss

    total -$510 · excluded -$510

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,271 · program services $1,271

  • 5 · Compensation of officers, directors and key employees

    total $403,300 · program services $140,464 · management and general $262,836

  • 7 · Other salaries and wages

    total $1,223,842 · program services $426,246 · management and general $797,596

  • 8 · Pension plan contributions

    total $57,867 · program services $20,154 · management and general $37,713

  • 9 · Other employee benefits

    total $78,933 · program services $27,491 · management and general $51,442

  • 10 · Payroll taxes

    total $95,948 · program services $33,417 · management and general $62,531

  • 11g · Fees: other

    total $139,487 · management and general $139,487

  • 12 · Advertising and promotion

    total $70,803 · fundraising $70,803

  • 13 · Office expenses

    total $96,070 · management and general $96,070

  • 14 · Information technology

    total $84,538 · management and general $84,538

  • 16 · Occupancy

    total $407,756 · program services $402,974 · management and general $4,782

  • 17 · Travel

    total $36,939 · management and general $36,939

  • 19 · Conferences, conventions and meetings

    total $29,452 · program services $29,452

  • 20 · Interest

    total $308,633 · program services $308,633

  • 22 · Depreciation, depletion and amortization

    total $1,289,229 · program services $1,279,036 · management and general $10,193

  • 23 · Insurance

    total $131,597 · program services $118,022 · management and general $13,575

  • 24a · Other expenses: PROGRAM EXPENSE - FOOD

    total $1,236,694 · program services $1,236,694

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $696,830 · program services $695,287 · management and general $1,543

  • 24c · Other expenses: SUPPLIES AND OTHER

    total $72,622 · program services $53,388 · management and general $19,234

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $502,179 · end of year $131,425

  • 2 · Savings and temporary cash investments

    beginning of year $1,105,884 · end of year $1,404,861

  • 4 · Accounts receivable

    beginning of year $65,004 · end of year $57,184

  • 8 · Inventories for sale or use

    beginning of year $3,848 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $39,504,946

  • 10b · Land, buildings and equipment: accumulated depreciation

    $11,187,098

  • 10c · Land, buildings and equipment, net

    beginning of year $29,349,104 · end of year $28,317,848

  • 11 · Investments: publicly traded securities

    beginning of year $28,979 · end of year $24,914

  • 12 · Investments: other securities

    beginning of year $4,396,316 · end of year $4,756,511

  • 15 · Other assets

    beginning of year $417,950 · end of year $1,164,521

  • 17 · Accounts payable and accrued expenses

    beginning of year $405,806 · end of year $359,805

  • 19 · Deferred revenue

    beginning of year $477,056 · end of year $559,017

  • 23 · Secured mortgages and notes payable

    beginning of year $3,287,190 · end of year $3,308,282

  • 25 · Other liabilities

    beginning of year $688,905 · end of year $603,930

  • 27 · Net assets without donor restrictions

    beginning of year $26,600,168 · end of year $25,769,998

  • 28 · Net assets with donor restrictions

    beginning of year $4,410,139 · end of year $5,256,232

Mission and programs · 2023

Mission

TO ENRICH THE LIVES OF ACTIVE AGING ADULTS BY EMPOWERING EACH INDIVIDUAL TO FLOURISH THROUGH A HOLISTIC APPROACH OF THE DIMENSIONS OF WELLNESS WITHIN A NURTURING CHRISTIAN ENVIRONMENT.

Activities or mission (Part I)

TO ENRICH THE LIVES OF SENIOR ADULTS BY EMPOWERING EACH INDIVIDUAL TO FLOURISH WHILE AGING IN PLACE WITHIN A CHRISTIAN ENVIRONMENT. PART OF THAT MISSION IS TO PROVIDE AFFORDABLE HOUSING FOR SENIORS, AGE 50 AND UP, IN A CHRISTIAN ENVIRONMENT. THE ORGANIZATION PROVIDES BELOW MARKET INDEPENDENT LIVING AT OUR TWO LOCATIONS: HIAWASSEE PARK IN THE MOUNTAINS OF NORTH GEORGIA; AND PALMETTO PARK IN PALMETTO, GEORGIA.

  • HOUSING: THE COMMUNITIES PROVIDES HOUSING SERVICES TO SENIOR ADULTS.

    Expenses $3,188,508 · Grants $1,271 · Revenue $3,735,397

  • RESIDENT SERVICES: THE COMMUNITIES PROVIDES DINING, MINISTRIES AND OTHER SERVICES TO SENIOR ADULTS.

    Expenses $1,584,021 · Revenue $1,186,344

As filed on the 2023 return.

Listed in Part VII

  • Rev Stephen Awtrey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Crystal Bice

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Mark Camp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Thomas Hammond Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Judy Hayes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Rev Darren Hughes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Charles Hunnicutt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Rev Tom Jones Sr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Jeff Kemper

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Jimmy Kimsey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • John Moore

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Chip Thompson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Ruth Udaikar

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Shannon Watson

    PRESIDENT/CEO

    Total calculated
    $238,068
    From this org
    $217,792
    From related orgs
    $0
    Other
    $20,276
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $217,792
    Bonus
    $0
    Other
    $0
    Deferred
    $10,901
    Nontaxable benefits
    $9,375
    Filer's total
    $238,068

  • Sharalene Roper

    COO

    Total calculated
    $204,170
    From this org
    $185,508
    From related orgs
    $0
    Other
    $18,662
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $185,508
    Bonus
    $0
    Other
    $0
    Deferred
    $8,604
    Nontaxable benefits
    $10,058
    Filer's total
    $204,170

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
26 June 2024
IRS schema version
2023v5.1
Source object
202431789349301123

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