St Annes Terrace Inc
- Assets
- $7.0m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 83
- Location
- Atlanta, GA
- Founding
- 09/1983
- Data as of
- 12/2022
- EIN
- 58-1515205
Organization Overview
St Annes Terrace Inc is located in Atlanta, GA. The organization was established in 1983. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, St Annes Terrace Inc employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Annes Terrace 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, St Annes Terrace Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $4.4m during the year ending 12/2022. While expenses have increased by 2.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF ST. ANNE'S TERRACE IS TO PROVIDE EXCELLENCE IN HOUSING AND SERVICES IN A FAITH-BASED COMMUNITY, SO RESIDENTS MAY FLOURISH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RESIDENTIAL HOUSING SERVICES FOR THE ELDERLY INCLUDING DIETARY, HOUSEKEEPING, SECURITY, MAINTENANCE, AND OTHER SERVICES FOR APPROXIMATELY 100 RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Bray Bourne IV President | OfficerTrustee | 0.5 | $0 |
Dan Lichtenstein Treasurer | OfficerTrustee | 0.5 | $0 |
Katherine Kinser Secretary | OfficerTrustee | 0.5 | $0 |
Mohan Raj Immediate Past President | OfficerTrustee | 0.5 | $0 |
Melissa Baugher Director | Trustee | 0.5 | $0 |
The Rev Nan Baxter Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sysco Atlanta Llc Food Supplies | 12/30/22 | $211,867 |
Concept Flooring Inc Installation Contractor | 12/30/22 | $194,438 |
Barnard Painting Inc Painting Contractor | 12/30/22 | $151,214 |
Howkins Landspace & Design Landscape | 12/30/22 | $106,468 |
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 | $17,965 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,965 |
| Total Program Service Revenue | $4,416,412 |
| Investment income | $57,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$22,116 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,469,600 |
| 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. | $303,333 |
| Compensation of current officers, directors, key employees. | $303,333 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,718,989 |
| Pension plan accruals and contributions | $46,983 |
| Other employee benefits | $283,890 |
| Payroll taxes | $157,706 |
| 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 | $301,080 |
| Advertising and promotion | $57,850 |
| Office expenses | $267,574 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $337,893 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $90 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $339,561 |
| Insurance | $75,399 |
| All other expenses | $0 |
| Total functional expenses | $4,428,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,465,509 |
| Savings and temporary cash investments | $112,625 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,323 |
| 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 | $128,256 |
| Net Land, buildings, and equipment | $2,443,237 |
| Investments—publicly traded securities | $2,780,203 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,411 |
| Total assets | $6,976,564 |
| Accounts payable and accrued expenses | $241,071 |
| Grants payable | $0 |
| Deferred revenue | $61,951 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $193,746 |
| Total liabilities | $496,768 |
| Net assets without donor restrictions | $6,254,039 |
| Net assets with donor restrictions | $225,757 |
| 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 | $6,976,564 |