Culpeper Baptist Retirement Community Inc
- Assets
- $85.8m
- Revenue
- $15.4m
- Investments
- $990.8k
- Employees
- 0
- Location
- Glen Allen, VA
- Founding
- 01/1985
- Data as of
- 12/2021
- EIN
- 52-1368412
Organization Overview
Culpeper Baptist Retirement Community Inc, operating under the name The Culpeper, is located in Glen Allen, VA. The organization was established in 1985. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Culpeper 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, Culpeper generated $15.4m 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 $16.2m during the year ending 12/2021. While expenses have increased by 9.1% 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
TO PROVIDE "DIGNITY IN LIVING" FOR SENIOR ADULTS WHO RESIDE IN THIS PLANNED SERVICES COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDED BOTH RESIDENTIAL AND HEALTH CARE SERVICES TO OUR RESIDENTS, SOME OF WHOM ARE UNABLE TO COVER THE FULL COST OF THEIR CARE. WE PROVIDED $225,172 IN SUBSIDIES AND INDIGENCE ALLOWANCES TO OUR RESIDENTS IN 2021, PERTAINING TO 17 RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Jacobsen Executive Director | Officer | 40 | $174,478 |
Donald Fisher COO | Officer | 1 | $0 |
Chris Markwith CFO | Officer | 1 | $0 |
Tracey Jennings 121-1231 COO | Officer | 1 | $0 |
John P Robinson VP | Officer | 1 | $0 |
Jonathan Cook President & CEO | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sysco Food Services Of Virginia Llc Food Vendor | 12/30/21 | $534,271 |
Cura Hospitality Food Service Provider | 12/30/21 | $285,417 |
Select Rehabilitation Llc Therapy Provider | 12/30/21 | $480,571 |
Rca Laboratory Services Dba Genetworx Lab Services | 12/30/21 | $176,605 |
Remedi Seniorcare Of Virginia Pharmacy Provider | 12/30/21 | $130,881 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $461,393 |
| Government grants | $1,395,851 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,261 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,863,505 |
| Total Program Service Revenue | $13,560,325 |
| Investment income | $3,675 |
| 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 | $15,427,505 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $225,172 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $174,478 |
| Compensation of current officers, directors, key employees. | $174,478 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,335,897 |
| Pension plan accruals and contributions | $134,280 |
| Other employee benefits | $521,438 |
| Payroll taxes | $453,713 |
| 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 | $0 |
| Fees for services: Other | $1,735,847 |
| Advertising and promotion | $83,032 |
| Office expenses | $135,968 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,540,106 |
| Travel | $14,974 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,068,573 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,631,230 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $16,178,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | -$169,484 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $821,399 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $407,200 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $32,124 |
| Net Land, buildings, and equipment | $52,974,521 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $990,811 |
| Investments—program-related | $0 |
| Intangible assets | $40,921 |
| Other assets | $30,659,314 |
| Total assets | $85,756,806 |
| Accounts payable and accrued expenses | $1,200,333 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,788,589 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $56,641,649 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $41,759,599 |
| Total liabilities | $101,390,170 |
| Net assets without donor restrictions | -$18,505,515 |
| Net assets with donor restrictions | $2,872,151 |
| 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 | $85,756,806 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Culpeper Baptist Retirement Community Inc has recieved totaling $461,393.
| Awarding Organization | Amount |
|---|---|
Virginia Baptist Homes Foundation Inc Glen Allen, VA PURPOSE: SUPPORT | $461,393 |
Endowment Analysis
| Beg. Balance | $5,388,249 |
| Net Contributions | $223,241 |
| Ending Balance | $5,611,490 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Homes Inc Colfax, NC | $256,348,828 | $62,438,008 |
Aldersgate United Methodist Retirement Community Inc Charlotte, NC | $165,248,151 | $44,725,662 |
Everyage Newton, NC | $158,969,277 | $58,100,743 |
Southminster Inc Charlotte, NC | $251,267,272 | $46,562,509 |
Sunnyside Presbyterian Home Harrisonburg, VA | $146,625,946 | $50,868,403 |
Masonic Homes Of Kentucky Inc Masonic Home, KY | $92,700,057 | $43,584,418 |
The Village At Rockville Inc Frederick, MD | $175,992,547 | $34,000,172 |
Asbury Inc Frederick, MD | $80,704,465 | $39,927,876 |
Carolina Meadows Inc Chapel Hill, NC | $159,623,308 | $43,472,709 |
Springmoor Inc Raleigh, NC | $57,744,266 | $37,768,204 |
Williamsburg Landing Inc Williamsburg, VA | $188,766,508 | $45,342,775 |
Moravian Home Incorporated Winstonsalem, NC | $135,166,146 | $36,716,865 |