Christian City Estates Inc
- Assets
- $0.0
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 473
- Location
- Union City, GA
- Founding
- 07/1987
- Data as of
- 06/2022
- EIN
- 58-1728814
Organization Overview
Christian City Estates Inc is located in Union City, GA. The organization was established in 1987. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Christian City Estates Inc employed 473 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian City 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 06/2022, Christian City Estates Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 13.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A SEVENTY FIVE UNIT RETIREMENT COMPLEX FOR THE ELDERLY, SERVING PRIMARILY THE GREATER METROPOLITAN ATLANTA, GEORGIA AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A 75 UNIT RETIREMENT COMPLEX FOR THE ELDERLY AND OTHER QUALIFIED LOW INCOME RESIDENTS.DURING 2019, THE BOARD OF TRUSTEES APPROVED TO SELL THE HUD PROPERTY OF CHRISTIAN CITY ESTATES, INC. TO AN UNRELATED PARTY FOR $19,000,000. THE SALE OF CHRISTIAN CITY ESTATES, INC. CLOSED ON NOVEMBER 18, 2021 IN THE AMOUNT OF AMOUNT OF $4,427,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Harbin Chairman | OfficerTrustee | 0.2 | $0 |
Ed Richardson Vice Chair | OfficerTrustee | 0.2 | $0 |
Lawton Roberts Secretary | OfficerTrustee | 0.2 | $0 |
Terry Head Treasurer | OfficerTrustee | 0.2 | $0 |
Keith Horton Ceo/president | Officer | 0.2 | $0 |
Peggi Caldwell Trustee | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,213 |
| 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 | $18,213 |
| Total Program Service Revenue | $246,108 |
| Investment income | $90 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,942,026 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,206,644 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,704,326 |
| 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 | $23,818 |
| Pension plan accruals and contributions | $105 |
| Other employee benefits | $80 |
| Payroll taxes | $1,680 |
| Fees for services: Management | $12,671 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,314 |
| Advertising and promotion | $0 |
| Office expenses | $3,974 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,688 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,372 |
| Insurance | $25,145 |
| All other expenses | $531 |
| Total functional expenses | $1,967,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
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Seniors First Inc Orlando, FL | $6,851,781 | $11,637,744 |
Community Services For The Aging Inc Spartanburg, SC | $6,254,795 | $11,281,372 |
Aging Disability & Transit Services Of Rockingham County Reidsville, NC | $8,070,642 | $11,439,316 |
Senior Resource Association Inc Vero Beach, FL | $8,451,847 | $10,763,473 |
Area Agency On Aging For North Florida Inc Tallahassee, FL | $2,078,235 | $9,162,793 |
Mae Volen Senior Center Inc Boca Raton, FL | $17,425,288 | $9,257,100 |