Christian Village
- Assets
- $8.1m
- Revenue
- $601.3k
- Investments
- $0.0
- Employees
- 0
- Location
- King, NC
- Founding
- 12/1979
- Data as of
- 07/2023
- EIN
- 58-1379192
Organization Overview
Christian Village is located in King, NC. The organization was established in 1979. According to its NTEE Classification (E90) the organization is classified as: Nursing, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian Village 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 07/2023, Christian Village generated $601.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $422.1k during the year ending 07/2023. While expenses have increased by 1.4% per year over the past 8 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 PROVISION OF AFFORDABLE HOUSING AND SERVICES TO THE ELDERLY AND INFIRM IN NEED OF SKILLED AND INTERMEDIATE NURSING CARE AND INDEPENDENT LIVING
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION, LEASING, AND MAINTAINING A 116 BED NURSING CARE FACILITY FOR LOW INCOME ELDERLY RESIDENTS. FACILITY WAS CONSTRUCTED WITH THE ASSISTANCE OF A HUD-INSURED MORTGAGE LOAN UNDER SECTION 232 OF THE U.S. HOUSING ACT.
PLANNING FOR FUTURE DEVELOPMENT AND OVERSIGHT OF CURRENT PROPERTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garry Merritt President | OfficerTrustee | 0 | $0 |
David Colter Vice President | OfficerTrustee | 0 | $0 |
Phil Holt Secretary/treasurer | OfficerTrustee | 0 | $0 |
Horace Graham Director | Trustee | 0 | $0 |
Keith Kiger Director | Trustee | 0 | $0 |
James L Kiser Director | Trustee | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $598,596 |
| Investment income | $29 |
| 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 | $601,304 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $250 |
| Fees for services: Accounting | $15,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $139 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $135,489 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $229,203 |
| Insurance | $6,923 |
| All other expenses | $4,108 |
| Total functional expenses | $422,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,765 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,049,814 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,407 |
| Net Land, buildings, and equipment | $6,863,236 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $24,231 |
| Other assets | $0 |
| Total assets | $8,075,453 |
| Accounts payable and accrued expenses | $127,909 |
| Grants payable | $0 |
| Deferred revenue | $39,084 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,880,642 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,047,635 |
| Net assets without donor restrictions | $3,027,818 |
| 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 | $8,075,453 |
Grants Awarded
Over the last fiscal year, Christian Village has awarded $17,418 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
YOUNG LIFE OF SURRY COUNTY PURPOSE: GENERAL DONATION | $10,000 |
CAMPBELL APARTMENTS INC PURPOSE: TO DEVELOP AFFORDABLE HOUSING FOR LOW INCOME INDIVIDUALS | $7,418 |