Bhi Senior Living Inc
- Assets
- $355.8m
- Revenue
- $74.2m
- Investments
- $7.1m
- Employees
- 647
- Location
- Indianapolis, IN
- Founding
- 11/1964
- Data as of
- 12/2023
- 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 12/2023, Bhi Senior Living Inc employed 647 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 12/2023, Bhi Senior Living Inc generated $74.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $72.2m during the year ending 12/2023. While expenses have increased by 6.0% 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
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 S Dattilo Director & President/ceo | OfficerTrustee | 2 | $0 |
Roger E Weideman II Director & Senior VP & CFO | OfficerTrustee | 2 | $0 |
Jane Richardson Director & Chairperson | OfficerTrustee | 2 | $0 |
Jeffery A Terp Director & Vice-Chairperson | OfficerTrustee | 2 | $0 |
Wendy L Meredith Director & Secretary | OfficerTrustee | 2 | $0 |
Dexter H Cooley Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrison Management Specialists Food Service Management | 12/30/23 | $11,303,541 |
Bedrock Builders Inc Crp Bldg Construction | 12/30/23 | $5,501,920 |
Hts In Xii Inc Therapy | 12/30/23 | $1,703,658 |
Shawnee Construction & Engineering Inc Bldg Construction | 12/30/23 | $1,109,268 |
Grandview Pharmacy Pharmacy | 12/30/23 | $440,620 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $466,500 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $466,500 |
| Total Program Service Revenue | $70,792,423 |
| Investment income | $2,240,558 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $526,158 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,207,015 |
| 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 | $21,465,465 |
| Pension plan accruals and contributions | $422,887 |
| Other employee benefits | $2,118,236 |
| Payroll taxes | $1,669,555 |
| Fees for services: Management | $3,960,000 |
| Fees for services: Legal | $37,658 |
| Fees for services: Accounting | $12,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $146,682 |
| Fees for services: Other | $12,678,025 |
| Advertising and promotion | $276,803 |
| Office expenses | $974,303 |
| Information technology | $613,549 |
| Royalties | $0 |
| Occupancy | $3,540,975 |
| Travel | $155,323 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,906 |
| Interest | $8,147,483 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,387,706 |
| Insurance | $1,148,647 |
| All other expenses | $191,320 |
| Total functional expenses | $72,206,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,529 |
| Savings and temporary cash investments | $18,191,866 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,436,511 |
| 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 | $115,533 |
| Net Land, buildings, and equipment | $259,244,761 |
| Investments—publicly traded securities | $49,066,068 |
| Investments—other securities | $7,128,712 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,453,827 |
| Total assets | $355,760,588 |
| Accounts payable and accrued expenses | $7,578,112 |
| Grants payable | $0 |
| Deferred revenue | $156,966,532 |
| Tax-exempt bond liabilities | $188,731,890 |
| 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 | $353,276,534 |
| Net assets without donor restrictions | $2,484,054 |
| 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 | $355,760,588 |