Abes Garden
- Assets
- $36.2m
- Revenue
- $14.5m
- Investments
- $0.0
- Employees
- 234
- Location
- Nashville, TN
- Founding
- 11/2008
- Data as of
- 12/2021
- EIN
- 06-1818302
Organization Overview
Abes Garden is located in Nashville, TN. The organization was established in 2008. 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 12/2021, Abes Garden employed 234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abes Garden 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 12/2021, Abes Garden generated $14.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $10.8m during the year ending 12/2021. While expenses have increased by 5.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A REPLICABLE MODEL FOR SENIOR LIFE THAT IS FOCUSED ON BRAIN HEALTH, WELLNESS AND PURPOSEFUL LIVING
Describe the Organization's Program Activity:
Part 3 - Line 4a
ABE'S GARDEN OPERATES AS AN INDEPENDENT SENIOR AND ASSISTED LVING FACILITY IN NASHVILLE, TENNESSEE. ABE'S GARDEN SPECIALIZES IN ALZHEIMERS AND ADULT CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Kincaid End 061621 Executive Director | Officer | 40 | $157,565 |
Donna Coleman Senior Director Of Development | 40 | $121,649 | |
Donna Finto-Burks Senior Director Of Clinical Care | 40 | $117,798 | |
Chris Coelho Start 62921 Interim Executive Director | Officer | 40 | $88,903 |
Bob Himes Senior Director Of Finance | Officer | 40 | $80,488 |
Michael Shmerling Chairman | OfficerTrustee | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blusky Restoration Contractors Llc Apartment Renovation | 12/30/21 | $348,271 |
Community Counseling Service Co Llc Capital Campaign Consulting | 12/30/21 | $199,050 |
Duff Interiors Building Renovations And Artwork | 12/30/21 | $117,128 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $613,033 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,546,760 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,159,793 |
| Total Program Service Revenue | $9,351,334 |
| Investment income | $16,998 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$757 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,527,368 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $348,871 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,183,710 |
| Pension plan accruals and contributions | $11,077 |
| Other employee benefits | $705,537 |
| Payroll taxes | $417,222 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,233 |
| Fees for services: Other | $0 |
| Advertising and promotion | $90,156 |
| Office expenses | $295,185 |
| Information technology | $15,136 |
| Royalties | $0 |
| Occupancy | $512,966 |
| Travel | $6,585 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $703,330 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,147,775 |
| Insurance | $128,369 |
| All other expenses | $12,976 |
| Total functional expenses | $10,823,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,150,941 |
| Savings and temporary cash investments | $76,004 |
| Pledges and grants receivable | $1,285,779 |
| Accounts receivable, net | $21,438 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $175,624 |
| Prepaid expenses and deferred charges | $21,896 |
| Net Land, buildings, and equipment | $31,249,336 |
| Investments—publicly traded securities | $2,123,656 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $71,167 |
| Total assets | $36,175,841 |
| Accounts payable and accrued expenses | $501,370 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $18,352,421 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $4,139,890 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,516,144 |
| Total liabilities | $24,509,825 |
| Net assets without donor restrictions | $9,729,566 |
| Net assets with donor restrictions | $1,936,450 |
| 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 | $36,175,841 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Abes Garden has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Milton And Denice Johnson Family Foundation Nashville, TN PURPOSE: CAPITAL CAMPAIGN | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arbor Acres United Methodist Retirement Community Inc Winstonsalem, NC | $155,220,604 | $40,394,713 |
Chapel Hill Residential Retirement Center Inc Chapel Hill, NC | $120,640,930 | $31,949,437 |
Carolina Village Inc Hendersonville, NC | $124,169,436 | $34,185,742 |
Galloway Ridge Inc Pittsboro, NC | $130,866,786 | $36,150,184 |
Kenton Housing Inc Latonia, KY | $68,380,829 | $31,745,821 |
Redstone Military Retirement Residence Association Huntsville, AL | $75,839,783 | $19,548,176 |
Virginia Lutheran Homes Inc Roanoke, VA | $83,707,371 | $28,580,430 |
Masonic Home Independent Living Ii Inc Masonic Home, KY | $142,516,912 | $16,410,935 |
The Glebe Inc Glen Allen, VA | $79,347,451 | $20,057,701 |
Cypress Of Charlotte Club Inc Charlotte, NC | $4,602,507 | $19,033,502 |
Lavender Mountain Senior Living Inc Mount Berry, GA | $141,195,331 | $5,176,789 |
Lewis Memorial Christian Village St Louis, MO | $48,381,888 | $18,539,239 |