Senior Housing Alternatives
- Assets
- $926.4k
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 86
- Location
- Chattanooga, TN
- Founding
- 10/2003
- Data as of
- 12/2021
- EIN
- 59-3763503
Organization Overview
Senior Housing Alternatives is located in Chattanooga, TN. The organization was established in 2003. 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 12/2021, Senior Housing Alternatives employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Senior Housing Alternatives 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 12/2021, Senior Housing Alternatives generated $3.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 1.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATES SENIOR LIVING CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SENIOR HOUSING AND SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Williams Secretarytreasurer | OfficerTrustee | 0 | $0 |
Melanie Adair President | OfficerTrustee | 0 | $0 |
Joe Adair Vice President | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $66,836 |
| All other contributions, gifts, grants, and similar amounts not included above | $204,060 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $270,896 |
| Total Program Service Revenue | $3,103,512 |
| Investment income | $0 |
| 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 | $3,406,155 |
| 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 | $304,208 |
| 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 | $1,407,186 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $98,597 |
| Payroll taxes | $107,735 |
| Fees for services: Management | $210,578 |
| Fees for services: Legal | $8,893 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $410 |
| Office expenses | $36,648 |
| Information technology | $11,502 |
| Royalties | $0 |
| Occupancy | $693,567 |
| Travel | $2,944 |
| 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 | $43,761 |
| Insurance | $146,087 |
| All other expenses | $12,672 |
| Total functional expenses | $3,304,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,558 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $374,693 |
| 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 | $174,918 |
| Net Land, buildings, and equipment | $165,247 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $926,416 |
| 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 | $211,321 |
| Total liabilities | $211,321 |
| Net assets without donor restrictions | $715,095 |
| 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 | $926,416 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Senior Housing Alternatives has recieved totaling $8,148.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: COVID RESILIENCE PROGRAM | $8,148 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bishop Spencer Place Inc Kansas City, MO | $31,543,334 | $13,908,229 |
Lakeshore Estate Inc Nashville, TN | $27,064,642 | $18,022,154 |
Bethesda Health Group Inc St Louis, MO | $17,800,638 | $4,853,543 |
Beth Sholom Home Of Eastern Virginia Virginia Beach, VA | $27,551,493 | $20,688,012 |
Presbyterian Homes And Services Of Ky Inc Louisville, KY | $21,197,492 | $21,992,512 |
Samaritan Housing Foundation Inc Cary, NC | $309,375,809 | $14,744,618 |
Meridian Village Association St Louis, MO | $41,915,755 | $18,412,695 |
Butterfield Trail Village Incorporated Fayetteville, AR | $73,135,439 | $22,090,800 |
Penick Village Inc Southern Pines, NC | $72,235,809 | $19,517,376 |
Lexington Retirement Community Inc Lexington, VA | $110,623,438 | $22,740,309 |
Ave Maria Home Memphis, TN | $24,665,366 | $18,165,699 |
Central Georgia Senior Health Inc Macon, GA | $135,213,897 | $22,356,882 |