Givens Estates Inc
- Assets
- $353.1m
- Revenue
- $71.5m
- Investments
- $0.0
- Employees
- 758
- Location
- Asheville, NC
- Founding
- 10/1976
- Data as of
- 12/2022
- EIN
- 51-0199312
Organization Overview
Givens Estates Inc is located in Asheville, NC. The organization was established in 1976. 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 12/2022, Givens Estates Inc employed 758 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Givens Estates 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, Givens Estates Inc generated $71.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $58.4m during the year ending 12/2022. While expenses have increased by 2.9% 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.
Since 2014, Givens Estates Inc has awarded 32 individual grants totaling $1,158,087. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
VISION STATEMENT: EXPANDING THE POSSIBILITIES FOR AGING MISSION STATEMENT: CREATING COMMUNITY, EMPOWERING LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIVENS PROVIDES HOUSING, SUPPORT AND HEALTH AND WELLNESS SERVICES FOR APPROXIMATELY 1,450 SENIORS ON ITS FOUR CAMPUSES. THIS IS DONE BY PROVIDING HOUSING AND HEALTH CARE FOR SENIORS OF ALL ECONOMIC LEVELS. THIS EFFORT REQUIRES ASSISTANCE FUNDS WHICH ARE SECURED THROUGH CHARITABLE SUPPORT, EARNINGS FROM ENDOWMENTS, AND OPERATING REVENUES. THROUGH OUTREACH ENDEAVORS GIVENS IMPACTS APPROXIMATELY 6,000 INDIVIDUALS ANNUALLY THROUGH WELLNESS AND HEALTH EDUCATION, MEDICATION ASSISTANCE, MEALSITES, MEDICAL EQUIPMENT LOAN CLOSETS, BABY EQUIPMENT AND RESOURCES CLOSETS, DIABETES AND OTHER CHRONIC DISEASE MANAGEMENT EDUCATION, AND A COMMUNITY NURSE TO HELP OUR LOWER INCOME RESIDENTS NAVIGATE THE HEALTHCARE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
G Edward Towson II Chairperson | Trustee | 1 | $0 |
Joseph P Mcguire Vice Chairperson | Trustee | 1 | $0 |
Kathryn R Durity Secretary | Trustee | 1 | $0 |
Donna A Broadwell Assistant Secretary | Trustee | 1 | $0 |
Kenneth W Swayze Jr Treasurer | Trustee | 1 | $0 |
Charles L Fredrick Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Foodservice Food Service | 12/30/22 | $2,156,582 |
Healthpro Heritage Therapy | 12/30/22 | $1,778,155 |
Frank L Blum Construction Co Construction | 12/30/22 | $11,225,382 |
Rlps Ii Llp Architecture | 12/30/22 | $1,206,585 |
Arthur E Butler Jr Construction | 12/30/22 | $366,588 |
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 | $5,397,462 |
| Noncash contributions included in lines 1a–1f | $99,886 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,397,462 |
| Total Program Service Revenue | $66,572,356 |
| Investment income | $1,341,051 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,253,237 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,456,797 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $692,161 |
| Grants and other assistance to domestic individuals. | $285,873 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,353,663 |
| Compensation of current officers, directors, key employees. | $1,353,663 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,788,061 |
| Pension plan accruals and contributions | $737,813 |
| Other employee benefits | $3,125,500 |
| Payroll taxes | $1,659,175 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,537 |
| Fees for services: Accounting | $174,123 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,380,134 |
| Advertising and promotion | $1,049,163 |
| Office expenses | $3,908,671 |
| Information technology | $1,104,156 |
| Royalties | $0 |
| Occupancy | $3,529,844 |
| Travel | $201,300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,697,718 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,448,619 |
| Insurance | $671,404 |
| All other expenses | $307,947 |
| Total functional expenses | $58,352,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,119 |
| Savings and temporary cash investments | $11,875,470 |
| Pledges and grants receivable | $248,672 |
| Accounts receivable, net | $7,596,194 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,207,905 |
| Net Land, buildings, and equipment | $202,928,388 |
| Investments—publicly traded securities | $125,376,725 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,275,115 |
| Other assets | $1,621,052 |
| Total assets | $353,131,640 |
| Accounts payable and accrued expenses | $10,059,331 |
| Grants payable | $0 |
| Deferred revenue | $149,800,590 |
| Tax-exempt bond liabilities | $91,026,575 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $16,952,811 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,488,748 |
| Total liabilities | $269,328,055 |
| Net assets without donor restrictions | $73,404,184 |
| Net assets with donor restrictions | $10,399,401 |
| 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 | $353,131,640 |
Grants Awarded
Over the last fiscal year, Givens Estates Inc has awarded $114,205 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FOUR SEASONS FOUNDATION PURPOSE: COMMUNITY IMPROVEMENT | $10,000 |
UNITED METHODIST COMMITTEE ON RELIEF PURPOSE: COMMUNITY IMPROVEMENT | $11,892 |
MEMORYCARE PURPOSE: COMMUNITY IMPROVEMENT | $68,951 |
HAYWOOD STREET CONGREGATION PURPOSE: COMMUNITY IMPROVEMENT | $11,892 |
CHRISTIAN CHURCH OF HOPE PURPOSE: COMMUNITY IMPROVEMENT | $11,470 |