Christian Benevolent Outreach Inc
- Assets
- $5.4m
- Revenue
- $4.2m
- Investments
- $412.8k
- Employees
- 42
- Location
- Lexington, KY
- Founding
- 02/1976
- Data as of
- 09/2021
- EIN
- 51-0178917
Organization Overview
Christian Benevolent Outreach Inc is located in Lexington, KY. The organization was established in 1976. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 09/2021, Christian Benevolent Outreach Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian Benevolent Outreach 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 09/2021, Christian Benevolent Outreach Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $4.1m during the year ending 09/2021. While expenses have increased by 8.2% per year over the past 6 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 NON-PROFIT SENIOR LIVING COMMUNITY DEDICATED TO PROVIDING QUALITY HOUSING, REHABILITATIVE SERVICES AND LONG-TERM NURSING CARE REFLECTING CHRISTIAN COMPASSION FOR EVERYONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HOUSING AND AMENITIES FOR THE ELDERLY AND HANDICAPPED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Venis Ceo/executive Director | Officer | 8 | $182,819 |
Joe Drumm VP Residential Svcs & Faci | Officer | 4 | $120,480 |
John Dundon Chief Financial Officer | Officer | 8 | $63,000 |
Darleen Herndon Secretary | OfficerTrustee | 2 | $0 |
Ron Ring President | OfficerTrustee | 2 | $0 |
Biff Buckley Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $465,300 |
| Noncash contributions included in lines 1a–1f | $22,685 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $465,300 |
| Total Program Service Revenue | $3,743,614 |
| Investment income | $6,277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,240,159 |
| 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. | $187,386 |
| Compensation of current officers, directors, key employees. | $93,693 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,583,174 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $140,273 |
| Payroll taxes | $120,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73 |
| Fees for services: Accounting | $26,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,361 |
| Advertising and promotion | $186,151 |
| Office expenses | $255,668 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $148,751 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,650 |
| Interest | $219,280 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $247,258 |
| Insurance | $130,456 |
| All other expenses | $56,294 |
| Total functional expenses | $4,085,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,392,227 |
| Savings and temporary cash investments | $1,601,015 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,672 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $902,977 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $29,963 |
| Net Land, buildings, and equipment | $995,163 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $412,824 |
| Investments—program-related | $0 |
| Intangible assets | $110,033 |
| Other assets | $0 |
| Total assets | $5,445,874 |
| Accounts payable and accrued expenses | $99,810 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $34,310 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,228,732 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $118,646 |
| Total liabilities | $4,481,498 |
| Net assets without donor restrictions | $849,841 |
| Net assets with donor restrictions | $114,535 |
| 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 | $5,445,874 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Christian Benevolent Outreach Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Lpl Financial Foundation Inc Boston, MA PURPOSE: OPERATIONAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Affordable Housing Development Fund Inc Rockford, IL | $87,465,066 | $18,557,415 |
Chicago Low Income Housing Trust Fund Chicago, IL | $68,435,328 | $24,410,244 |
Interfaith Housing Development Corporation Of Chicago Chicago, IL | $13,790,371 | $15,355,980 |
Shelter House Inc Reston, VA | $6,743,159 | $14,877,410 |
European American Association Chicago, IL | $18,209,689 | $14,984,488 |
Habitat For Humanity International Inc Cincinnati, OH | $19,861,311 | $21,403,808 |
Alexandria Housing Development Corporation Alexandria, VA | $129,711,642 | $8,689,601 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |
Buckeye Community Hope Foundation Columbus, OH | $50,429,521 | $11,276,532 |
Hispanic Housing Development Corp Chicago, IL | $88,735,655 | $15,154,061 |
Caracole Inc Cincinnati, OH | $7,131,053 | $11,567,326 |