Vernon Advent Christian Home Inc
- Assets
- $8.6m
- Revenue
- $11.8m
- Investments
- $0.0
- Employees
- 107
- Location
- Vernon, VT
- Founding
- 11/1949
- Data as of
- 12/2022
- EIN
- 03-0190658
Organization Overview
Vernon Advent Christian Home Inc is located in Vernon, VT. The organization was established in 1949. 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 12/2022, Vernon Advent Christian Home Inc employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vernon Advent Christian Home 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 12/2022, Vernon Advent Christian Home Inc generated $11.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $9.6m during the year ending 12/2022. While expenses have increased by 3.0% per year over the past 8 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
OPERATION OF A RETIREMENT COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A RETIREMENT COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Kane Rn | 50 | $165,617 | |
Larry Knowles President/ce | Officer | 2 | $0 |
Brad Ellis CEO | Officer | 50 | $145,150 |
Wanda Scully Director Of | 50 | $137,229 | |
Jason Veaudry Rn | 45 | $103,318 | |
Rev Bruce Burks Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tlc Nusing Associates Nursing | 12/30/22 | $648,723 |
Healthcare Services Group Healthcare Serv | 12/30/22 | $624,714 |
Swbr Architecture | 12/30/22 | $200,000 |
Powerback Rehabilitation Healthcare | 12/30/22 | $108,966 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,099,346 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,043,573 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,142,919 |
| Total Program Service Revenue | $8,609,878 |
| Investment income | $19,984 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $253 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,773,061 |
| 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. | $145,150 |
| Compensation of current officers, directors, key employees. | $145,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,436,115 |
| Pension plan accruals and contributions | $75,999 |
| Other employee benefits | $250,319 |
| Payroll taxes | $247,228 |
| Fees for services: Management | $30,238 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $54,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $135,024 |
| Advertising and promotion | $48,628 |
| Office expenses | $20,372 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $644,553 |
| Travel | $1,381 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,203 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $316,836 |
| Insurance | $103,771 |
| All other expenses | $775,089 |
| Total functional expenses | $9,632,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $315,101 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $734,195 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $82,123 |
| Prepaid expenses and deferred charges | $170,713 |
| Net Land, buildings, and equipment | $4,737,998 |
| Investments—publicly traded securities | $402,008 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,117,924 |
| Total assets | $8,560,062 |
| Accounts payable and accrued expenses | $972,133 |
| 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 | $658,847 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,638,377 |
| Total liabilities | $3,269,357 |
| Net assets without donor restrictions | $5,376,665 |
| Net assets with donor restrictions | -$85,960 |
| 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 | $8,560,062 |