Sayre Village Phase Iii Inc
- Assets
- $15.8m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 96
- Location
- Lexington, KY
- Founding
- 05/1986
- Data as of
- 09/2023
- EIN
- 61-1088950
Organization Overview
Sayre Village Phase Iii Inc is located in Lexington, KY. The organization was established in 1986. 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 09/2023, Sayre Village Phase Iii Inc employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sayre Village Phase Iii 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 09/2023, Sayre Village Phase Iii Inc generated $5.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $5.5m during the year ending 09/2023. While expenses have increased by 15.1% per year over the past 4 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
A NON-PROFIT SENIOR LIVING COMMUNITY DEDICATED TO PROVIDING QUALITY HOUSING, REHABILITATIVE SERVICES REFLECTING CHRISTIAN COMPASSION FOR EVERYONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN APARTMENT COMPLEX FOR ELDERLY AND HANDICAPPED INDIVIDUALS. THERE ARE 117 APARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Coleman Board Member | Trustee | 2 | $0 |
Doug Flynn Board Member | Trustee | 2 | $0 |
Jl Lynn Board Member | Trustee | 2 | $0 |
Ron Ring Past President | Trustee | 2 | $0 |
Benjamin Buckley President | OfficerTrustee | 2 | $0 |
Jerry Kelly Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gordon Food Service Food Services | 9/29/23 | $279,011 |
Empoire Restoration Roof Repair | 9/29/23 | $172,859 |
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 | $5,274,570 |
| Investment income | $10,064 |
| 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 | $5,297,694 |
| 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 | $1,772,676 |
| Pension plan accruals and contributions | $2,562 |
| Other employee benefits | $90,174 |
| Payroll taxes | $131,514 |
| Fees for services: Management | $278,418 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,708 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $172,876 |
| Office expenses | $158,754 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $273,966 |
| Travel | $1,404 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $672,923 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $560,861 |
| Insurance | $234,250 |
| All other expenses | $0 |
| Total functional expenses | $5,501,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $717,327 |
| Savings and temporary cash investments | $1,457,434 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,063,797 |
| 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 | $12,174,720 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $25,102 |
| Other assets | $327,162 |
| Total assets | $15,765,542 |
| Accounts payable and accrued expenses | $40,359 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $28,095 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $13,825,020 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $126,497 |
| Total liabilities | $14,019,971 |
| Net assets without donor restrictions | $1,745,571 |
| 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 | $15,765,542 |