Bishop Gadsden Episcopal Retirement Community

Organization Overview

Bishop Gadsden Episcopal Retirement Community is located in Charleston, SC. The organization was established in 1943. 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, Bishop Gadsden Episcopal Retirement Community employed 886 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bishop Gadsden Episcopal Retirement Community 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, Bishop Gadsden Episcopal Retirement Community generated $63.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $67.2m during the year ending 12/2023. While expenses have increased by 10.2% 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.

Since 2021, Bishop Gadsden Episcopal Retirement Community has awarded 14 individual grants totaling $1,204,719. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

OPERATION OF A FAITH-BASED RETIREMENT FACILITY PROVIDING HOUSING AND HEALTH CARE SERVICES

Describe the Organization's Program Activity:

Part 3 - Line 4a

FOUNDED BY THE FOURTH EPISCOPAL BISHOP OF SOUTH CAROLINA IN 1850, BISHOP GADSDEN EPISCOPAL RETIREMENT COMMUNITY UPHOLDS THE TRADITION OF FAITH-BASED, NOT-FOR-PROFIT ORGANIZATIONS DEDICATED TO THE WELL-BEING OF THOSE PERSONS WHO, BECAUSE OF AGE, PERSONAL CONDITIONS, HEALTH AND THEIR EXPRESS DESIRE, CHOOSE TO RESIDE IN A RETIREMENT COMMUNITY. BISHOP GADSDEN IS A MISSION-DRIVEN, ORGANIZATION WHICH HAS A LONG-TERM OBLIGATION TO ITS RESIDENTS AND IS COMMITTED TO REMOVING FINANCIAL BARRIERS TO RESIDENCY. ITS ROOTS IN THE GREATER CHARLESTON COMMUNITY SPAN OVER 174 YEARS AND, THROUGH THE YEARS, IT HAS RESPONDED TO SPECIFIC NEEDS OF THE GREATER COMMUNITY. IT HAS LONG BEEN OPEN TO ALL MEN AND WOMEN WITHOUT REGARD TO RACE, CREED, RELIGION, SEXUAL PREFERENCE, OR NATIONAL ORIGIN.RETIREMENT COMMUNITY: BISHOP GADSDEN SERVES APPROXIMATELY 500 SENIOR ADULTS, 62 YEARS OF AGE AND OLDER, RESIDING IN FOUR LEVELS OF CARE: INDEPENDENT COMMUNITY (268 UNITS), ASSISTED LIVING (79 UNITS), MEMORY SUPPORT (32 BEDS), AND SKILLED NURSING CARE (100 BEDS). BISHOP GADSDEN OPERATES TO MEET THE PRIMARY NEEDS OF SENIORS BY PROVIDING (1) RESIDENTIAL FACILITIES DESIGNED TO MEET PHYSICAL, EMOTIONAL, RECREATIONAL, SOCIAL, RELIGIOUS, AND SIMILAR NEEDS OF THE ELDERLY, (2) ACCESS TO HEALTH CARE SERVICES AS NEEDED, (3) ASSURANCE THAT THE ORGANIZATION IS RUN IN A FISCALLY RESPONSIBLE MANNER, AND (4) THE COMMITMENT OF FINANCIAL SECURITY TO ANY RESIDENT WHO RUNS OUT OF MONEY THROUGH NO FAULT OF HIS/HER OWN.


CHARITABLE GIVING AND GENEROUS SPIRIT PROGRAMS: THROUGHOUT BISHOP GADSDEN'S HISTORY, A COMMITMENT TO GIVING HAS BEEN ON THE FOREFRONT RESULTING IN OVER $13 MILLION IN CHARITABLE CARE AND GIFTS BEING RAISED FOR CHARITABLE CARE WITHIN THE COMMUNITY AND DISTRIBUTED TO OTHER NON-PROFIT ORGANIZATIONS IN OUR LOCAL COMMUNITY.THE CHARITABLE MISSION COMMITTEE'S NONPROFIT SELECTION CHAIR AND FELLOW RESIDENTS SELECT A SMALL GROUP (5 TO 7) OF NONPROFITS FROM A LIST OF AROUND 30 NONPROFIT GRANT APPLICATIONS TO SUPPORT EACH YEAR. LED BY RESIDENTS, WITH ASSISTANCE FROM TEAM MEMBERS OF THE CHARITABLE GIVING OFFICE, THE CHARITABLE MISSION COMMITTEE SETS A FUNDRAISING GOAL. IN 2023, THIS IMPORTANT COMMITTEE DISBURSED $425,000 IN CASH. THESE FUNDS WERE ALLOCATED AS FOLLOWS: $132,500 EACH, TO MY SISTERS HOUSE AND OUR LADY OF MERCY, $80,000 EACH TO CHARLESTON AREA SENIOR CITIZENS AND KIDS ON POINT, $2,000 CHARLESTON WATERKEEPER, $2,000 TO PET HELPERS TURN90, AND $2,500 TO READING PARTNERS. ADDITIONALLY, $12,200 IN IN-KIND ITEMS, PLUS 600 TOYS FOR HABITAT FOR HUMANITY AND TOYS FOR TOTS WERE DONATED. IN ADDITION TO CHARITABLE CAUSES THAT SUPPORT OUTSIDE ORGANIZATIONS, RESIDENTS AND STAFF CONTRIBUTE TO THE STRONGHEART EMPLOYEE EDUCATION SCHOLARSHIP, WITH $103,000 BEING DISTRIBUTED TO EMPLOYEES FOR EDUCATION PURPOSES AND EDUCATION DEBT ELIMINATION, AS WELL AS THE EMPLOYEE ASSISTANCE FUND, WHICH GAVE LOANS AND GRANTS IN THE NET AMOUNT OF $48,370. IN ADDITION, THE EMPLOYEE ASSISTANCE FUND PROVIDED 102 CARDS AND $102,400 IN BACK-TO-SCHOOL FUNDS FOR ELIGIBLE EMPLOYEES.RESIDENTS AND STAFF CONTRIBUTE MORE THAN 7,200 VOLUNTEER HOURS TO LOCAL AND NATIONAL CHARITABLE ORGANIZATIONS, AN INVESTMENT OF $228,960. ADDITIONALLY, BISHOP GADSDEN'S CULINARY DEPARTMENT DONATED 19,691 POUNDS OF FOOD, EQUALING A GIFT OF $33,499, AND 29,536 MEALS. EXECUTIVE STAFF ALSO SIT ON COMMUNITY BOARDS SUCH AS ROPER ST. FRANCIS, VANTAGE POINT FOUNDATION, LOWCOUNTRY ASSOCIATION OF FUNDRAISING PROFESSIONALS, SC/NC PLANNED GIVING CONFERENCE, SEA ISLAND HABITAT FOR HUMANITY, LEADINGAGE SC AND WE ARE SHARING HOPE.


RESIDENT ASSISTANCE PROGRAM: BISHOP CHRISTOPHER GADSDEN FOUNDED THE HOME FOR ORPHANS AND WIDOWS IN 1850 TO ASSIST THOSE IN NEED. HIS VISION FOR A CARING COMMUNITY IS THE HEART AND SOUL OF THE ORGANIZATION NOW CALLED BISHOP GADSDEN. AT THE CORE OF BISHOP GADSDEN IS THE BELIEF AND EXECUTION OF THE CHARITABLE MISSION.SINCE 1995, BISHOP GADSDEN'S RESIDENT ASSISTANCE FUND HAS DONATED MORE THAN $5.5 MILLION IN CHARITABLE CARE TO RESIDENTS FACING FINANCIAL DIFFICULTIES. THE RESIDENT ASSISTANCE FUND ALLEVIATES ANY ANXIETIES RESIDENTS AND THEIR FAMILIES HAVE BY ASSURING THEM THAT THEY WILL CONTINUE TO RECEIVE THE CARE THEY NEED REGARDLESS OF WHETHER THEY CAN PAY. THROUGH THE CONTINUED EFFORTS OF BISHOP GADSDEN RESIDENTS, FAMILIES, STAFF, AND OTHER ORGANIZATIONS, THE RESIDENT ASSISTANCE FUND CONTINUES TO BE A HIGH PRIORITY. THIS IMPERATIVE FUND ALLOWS BISHOP GADSDEN TO ASSIST RESIDENTS AND FUTURE RESIDENTS WHO, BY NO FAULT OF THEIR OWN, CAN NO LONGER AFFORD THEIR CONTINUED CARE, WHILE ALSO SUPPORTING OUTSIDE CHARITABLE ORGANIZATIONS.ALL RESIDENTS WHO ARE RECEIVING FINANCIAL SUPPORT OR ASSISTANCE ARE BETWEEN THE AGES OF 73-98. THEY COME FROM THE GREATER CHARLESTON AREA, ARE BOTH MALE AND FEMALE, AND CROSS ALL SOCIOECONOMIC LINES. BISHOP GADSDEN WILL CONTINUE TO EXTEND ASSISTANCE TO RESIDENTS, ACTING ON THE FIRM BELIEF THAT REMOVING ECONOMIC BARRIERS TO RESIDENCY IS PART OF ITS MISSION.IN 2023, $229,294 WAS DISTRIBUTED IN CHARITABLE CARE.


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Board, Officers & Key Employees

Name (title)Compensation
Robert Vingi
Chair
$0
Brian Hussain
Secretary/treasurer
$0
David Adams MD
Board Member
$0
Robert Baldwin
Board Member
$0
Heyward Carter Jr ESQ
Board Member
$0
Barbara Christie
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
S K Burt Construction Llc
Construction Services
$2,733,250
Turf Techs Llc
Landscaping Services
$1,104,178
Rawls Construction
Construction Services
$695,855
Rlps Architects
Architects
$427,067
Carpet Baggers
Construction Services
$459,678
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $143,483
All other contributions, gifts, grants, and similar amounts not included above$1,549,199
Noncash contributions included in lines 1a–1f $94,413
Total Revenue from Contributions, Gifts, Grants & Similar$1,692,682
Total Program Service Revenue$56,698,800
Investment income $2,257,736
Tax Exempt Bond Proceeds $285,778
Royalties $0
Net Rental Income $4,807
Net Gain/Loss on Asset Sales -$4,112
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$79,758
Miscellaneous Revenue$0
Total Revenue $63,216,970

Grants Awarded

Over the last fiscal year, Bishop Gadsden Episcopal Retirement Community has awarded $425,000 in support to 4 organizations.

Grant RecipientAmount

CHARLESTON AREA SENIOR CITIZENS

PURPOSE: GENERAL COMMUNITY SUPPORT

$80,000

KIDS ON POINT

PURPOSE: GENERAL COMMUNITY SUPPORT

$80,000

MY SISTER'S HOUSE

PURPOSE: GENERAL COMMUNITY SUPPORT

$132,500

OUR LADY OF MERCY

PURPOSE: GENERAL COMMUNITY SUPPORT

$132,500
View Grant Profile

Peer Organizations

Organization NameAssets
Lutheran Homes Of South Carolina Inc
Irmo, SC
$80,187,073
Presbyterian Communities Of South Carolina
Columbia, SC
$64,282,082
Bishop Gadsden Episcopal Retirement Community
Charleston, SC
$63,216,970
Givens Estates Inc
Asheville, NC
$71,456,797
Aldersgate United Methodist Retirement Community Inc
Charlotte, NC
$44,473,072
Southminster Inc
Charlotte, NC
$51,247,846
Presbyterian Homes Inc
Colfax, NC
$62,438,008
Baptist Retirement Homes Of North Carolina Incorporated
Winston Salem, NC
$52,031,584
Everyage
Newton, NC
$58,100,743
Lenbrook Square Foundation Inc
Atlanta, GA
$46,078,205
Carolina Meadows Inc
Chapel Hill, NC
$48,724,740
Friends Homes Inc
Greensboro, NC
$41,313,832
Well-Spring Ret Community
Greensboro, NC
$39,926,094
Deerfield Episcopal Retirement Comm Inc
Asheville, NC
$45,645,787
Springmoor Inc
Raleigh, NC
$40,800,832
Moravian Home Incorporated
Winstonsalem, NC
$40,790,928
Maryfield Inc
High Point, NC
$35,368,000
The Pines At Davidson Inc
Davidson, NC
$36,754,820
Magnolia Manor Inc
Americus, GA
$33,272,990
St Joseph Of Pines Inc
Southern Pines, NC
$30,520,226
South Carolina Baptist Ministries For The Aging Inc
Columbia, SC
$27,742,923
Forest At Duke Inc
Durham, NC
$24,329,545
Presbyterian Home At Charlotte Inc
Charlotte, NC
$28,589,138
Wesley Commons
Greenwood, SC
$24,923,969
Upstate Senior Living Inc
Greenville, SC
$25,284,260

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