Tennessee Baptist Adult Homes Inc
- Assets
- $4.5m
- Revenue
- $1.9m
- Investments
- $380.9k
- Employees
- 43
- Location
- Franklin, TN
- Founding
- 10/1980
- Data as of
- 10/2023
- EIN
- 62-0934533
Organization Overview
Tennessee Baptist Adult Homes Inc is located in Franklin, TN. The organization was established in 1980. 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 10/2023, Tennessee Baptist Adult Homes Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Baptist Adult 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 10/2023, Tennessee Baptist Adult Homes Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.4%) each year. All expenses for the organization totaled $2.4m during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (12.3%) per year over the past 8 years. 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
OPERATE GROUP HOMES FOR DEVELOPMENTALLY DISABLED ADULTS AND SENIOR ADULT LIVING HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TBAH OPERATIONS INCLUDE SIX GROUP HOMES, WITH A TOTAL OF 55 BEDS FOR INTELLECTUALLY DISABLED ADULTS AND SENIOR ADULT LIVING HOMES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Steve Babcock Chair Of The Board | OfficerTrustee | 1 | $0 |
Rev Terry Baker Vice-Chair Of The Board | OfficerTrustee | 1 | $0 |
Mrs Sherry Scruggs Secretary Of The Board | OfficerTrustee | 1 | $0 |
Mr Joe Collins Chair Of The Properties Committee | Trustee | 1 | $0 |
Mr Michael Denney Chair Of Personnel Committee | Trustee | 1 | $0 |
Mrs Bobby Turner Chair Of Ministry Committee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lashlee-rich Inc Construction Of Small Retirement Communi | 10/30/22 | $421,004 |
Mcgehee Nicholson Burke Architects Architectural Services For Small Retirem | 10/30/22 | $106,387 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $295,690 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $463,746 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $759,436 |
| Total Program Service Revenue | $905,831 |
| Investment income | $28,480 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $151,849 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,930,930 |
| 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 | $1,264,513 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $333,760 |
| 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 | $43,266 |
| Advertising and promotion | $0 |
| Office expenses | $173,262 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $298,660 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $385 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,029 |
| Insurance | $58,386 |
| All other expenses | $0 |
| Total functional expenses | $2,428,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,774 |
| Savings and temporary cash investments | $553,480 |
| Pledges and grants receivable | $49,901 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $200,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,878,344 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $380,941 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,306,322 |
| Total assets | $4,533,762 |
| Accounts payable and accrued expenses | $16,969 |
| 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 | $707,214 |
| Total liabilities | $724,183 |
| Net assets without donor restrictions | $2,219,132 |
| Net assets with donor restrictions | $1,590,447 |
| 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 | $4,533,762 |