Bhi Senior Living Inc
- Assets
- $339.3m
- Revenue
- $58.1m
- Investments
- $7.8m
- Employees
- 584
- Location
- Indianapolis, IN
- Founding
- 11/1964
- Data as of
- 12/2021
- EIN
- 35-0931432
Organization Overview
Bhi Senior Living Inc is located in Indianapolis, IN. The organization was established in 1964. 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 12/2021, Bhi Senior Living Inc employed 584 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bhi Senior Living 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 12/2021, Bhi Senior Living Inc generated $58.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $62.4m 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
THE MISSION OF BHI SENIOR LIVING, INC. IS TO ENHANCE THE QUALITY OF LIFE FOR OLDER ADULTS WITHIN A SECURE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BHI SENIOR LIVING, INC IS A NOT-FOR-PROFIT CORPORATION, PROVIDING CONTINUING CARE SERVICES TO THE ELDERLY UNDER THE TERMS OF CONTINUING CARE AGREEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Koontz Sales Director | 40 | $219,416 | |
Mindy Kantz Executive Director | 40 | $177,605 | |
Rebecca Stenner Executive Director | 40 | $148,193 | |
Amy Riegling Executive Director | 40 | $146,087 | |
Kevin Ward Associate Executive Director | 40 | $128,904 | |
Roger E Weideman II Director & Senior VP And CFO | OfficerTrustee | 6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bedrock Builders Inc Bldg Construction | 12/30/21 | $16,292,803 |
Shawnee Construction & Engineering Inc Bldg Construction | 12/30/21 | $11,533,631 |
Morrison Community Living Food Services Mgmt | 12/30/21 | $7,911,352 |
Meyer Najem Construction Llc Bldg Construction | 12/30/21 | $2,354,654 |
Hts In Xii Inc Therapy | 12/30/21 | $1,459,067 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $365,600 |
| Government grants | $127,669 |
| All other contributions, gifts, grants, and similar amounts not included above | $101,366 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $594,635 |
| Total Program Service Revenue | $54,762,194 |
| Investment income | $1,656,053 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,039,662 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,133,040 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,515,381 |
| Pension plan accruals and contributions | $371,850 |
| Other employee benefits | $2,743,262 |
| Payroll taxes | $1,085,326 |
| Fees for services: Management | $3,599,999 |
| Fees for services: Legal | $49,887 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $183,560 |
| Fees for services: Other | $9,179,579 |
| Advertising and promotion | $270,798 |
| Office expenses | $944,142 |
| Information technology | $572,257 |
| Royalties | $0 |
| Occupancy | $2,880,527 |
| Travel | $117,836 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,914 |
| Interest | $7,305,935 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,194,950 |
| Insurance | $928,529 |
| All other expenses | $859,416 |
| Total functional expenses | $62,440,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,322 |
| Savings and temporary cash investments | $12,305,533 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,245,557 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $117,781 |
| Prepaid expenses and deferred charges | $290,689 |
| Net Land, buildings, and equipment | $250,885,983 |
| Investments—publicly traded securities | $50,709,635 |
| Investments—other securities | $7,792,883 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,984,851 |
| Total assets | $339,336,234 |
| Accounts payable and accrued expenses | $8,849,675 |
| Grants payable | $0 |
| Deferred revenue | $128,814,406 |
| Tax-exempt bond liabilities | $195,962,198 |
| 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 | $0 |
| Total liabilities | $333,626,279 |
| Net assets without donor restrictions | $5,709,955 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $339,336,234 |
Endowment Analysis
| Beg. Balance | $861,182 |
| Earnings | $156,660 |
| Other Expense | $41,400 |
| Ending Balance | $976,442 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Franciscan Communities Inc Lemont, IL | $256,975,349 | $105,555,316 |
John Knox Village Lees Summit, MO | $177,748,432 | $73,269,206 |
Bhi Senior Living Inc Indianapolis, IN | $339,336,234 | $58,133,040 |
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Friendship Village Of South County St Louis, MO | $305,494,367 | $44,131,100 |
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Council For Jewish Elderly Chicago, IL | $47,075,141 | $58,056,888 |
Lutheran Home For The Aged Arlington Heights, IL | $131,494,614 | $46,009,976 |
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Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |
Friendship Village Of West County Chesterfield, MO | $195,171,509 | $29,494,334 |
Benevolent Corporation Cedar Community West Bend, WI | $115,395,812 | $41,115,280 |