Free Will Baptist Retirement Homes Inc
- Assets
- $199.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Ayden, NC
- Founding
- 03/1976
- Data as of
- 06/2022
- EIN
- 59-1609301
Organization Overview
Free Will Baptist Retirement Homes Inc is located in Ayden, NC. The organization was established in 1976. 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 06/2022, Free Will Baptist Retirement Homes Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Free Will Baptist Retirement Homes 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, Free Will Baptist Retirement Homes Inc generated $86.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $90.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED PLACEMENT SERVICES, HANDICAP EQUIPMENT, AND UTILITIES TO INDIVIDUALS ON LIMITED RETIREMENT INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronnie Taylor Exec Director | 20 | $15,300 | |
Lloyd Jones Chairman | 0 | $0 | |
Lewis Godwin Reverend | 0 | $0 | |
Dr Franklin Baggett Reverend | 0 | $0 | |
Michael Barnhill Reverend | 0 | $0 | |
Debbie Hare Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,526 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $539 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $86,065 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $23,868 |
| Professional fees and other payments to independent contractors | $1,023 |
| Occupancy, rent, utilities, and maintenance | $4,791 |
| Printing, publications, postage, and shipping | $394 |
| Other expenses | $60,260 |
| Total expenses | $90,336 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $127,794 |
| Other assets | $0 |
| Total assets | $199,540 |
| Total liabilities | $582 |
| Net assets or fund balances | $198,958 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lifespire Of Virginia Glen Allen, VA | $66,161,909 | $8,820,978 |
Bridgewater Village Inc Bridgewater, VA | $55,934,396 | $9,933,130 |
Lutheran Retirement Center Salisbury Inc Salisbury, NC | $24,283,839 | $9,827,314 |
Birmingham Green Adult Care Residence Manassas, VA | $2,711,006 | $7,426,030 |
Laurel Crest Retirement Community Columbia, SC | $30,245,637 | $7,008,293 |
Church Home Rehabilitation And Healthcare Llc Perry, GA | $11,785,809 | $8,119,276 |
The Centurion Foundation Inc Atlanta, GA | $193,227,829 | $5,759,227 |
Luke Inc Collierville, TN | $244,355,141 | $1,368,129 |
Friendship Apartment Village Corporation Roanoke, VA | $30,104,097 | $5,384,949 |
Decatur Church Of Christ Senior Housing Inc Decatur, GA | $17,263,297 | $4,161,433 |
Providence Senior Living Inc Cleveland, TN | $694,830 | $4,504,316 |
Quality Senior Housing Foundaton Inc Atlanta, GA | $15,962,385 | $3,890,508 |