Christian Towers Of Gallatin Inc
- Assets
- $1.9m
- Revenue
- $960.0k
- Investments
- $0.0
- Employees
- 29
- Location
- Gallatin, TN
- Founding
- 12/1977
- Data as of
- 09/2020
- EIN
- 62-0997926
Organization Overview
Christian Towers Of Gallatin Inc is located in Gallatin, TN. The organization was established in 1977. 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 09/2020, Christian Towers Of Gallatin Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian Towers Of Gallatin 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 09/2020, Christian Towers Of Gallatin Inc generated $960.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $888.7k during the year ending 09/2020. While expenses have increased by 1.7% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION PROVIDES LOW-COST AND NON-PROFIT HOUSING AND CONGREGATE CARE FACILITIES AND RELATED SERVICES FOR LOW INCOME ELDERLY RESIDENTS. IT PROVIDES GUIDANCE FOR A MORE SUCCESSFUL JOURNEY OF AGING BY OFFERING QUALITY, AFFORDABLE HOUSING COUPLED WITH SPECIALTY PROGRAMS FOR SUPPORT, STABILITY, AND SOCIABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION PROVIDES LOW-COST AND NON-PROFIT HOUSING AND CONGREGATE CARE FACILITIES AND RELATED SERVICES FOR LOW INCOME ELDERLY RESIDENTS. IT PROVIDES GUIDANCE FOR A MORE SUCCESSFUL JOURNEY OF AGING BY OFFERING QUALITY, AFFORDABLE HOUSING COUPLED WITH SPECIALTY PROGRAMS FOR SUPPORT, STABILITY, AND SOCIABILITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Mayberry Chairman | OfficerTrustee | $0 | |
Katlyn Clifton Administrato | Trustee | $0 | |
Mike Clinard Director | Trustee | $0 | |
David Deere Director | Trustee | $0 | |
Janice Haynes Director | Trustee | $0 | |
Damon Hobbs Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $870 |
| 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 | $959,972 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $205,178 |
| Pension plan accruals and contributions | $15,490 |
| Other employee benefits | $36,279 |
| Payroll taxes | $14,221 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,027 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,588 |
| Office expenses | $22,908 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $123,633 |
| Travel | $5,020 |
| 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 | $170,940 |
| Insurance | $25,702 |
| All other expenses | $0 |
| Total functional expenses | $888,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,086 |
| Savings and temporary cash investments | $648,778 |
| 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 | $2,813 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $778 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,864,910 |
| Accounts payable and accrued expenses | $10,194 |
| 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 | $46,162 |
| Total liabilities | $56,356 |
| 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 |
| Total liabilities and net assets/fund balances | $1,808,554 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Christian Towers Of Gallatin Inc has recieved totaling $113.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $113 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwin House Incorporated Alexandria, VA | $441,770,291 | $109,508,883 |
John Knox Village Lees Summit, MO | $177,748,432 | $73,269,206 |
Westminster-Canterbury Corporation Richmond, VA | $326,286,753 | $77,739,552 |
Virginia United Methodist Homes Inc Glen Allen, VA | $253,887,875 | $70,234,834 |
Westminster-Canterbury On Chesapeake Bay Virginia Beach, VA | $226,856,514 | $70,077,492 |
Givens Estates Inc Asheville, NC | $338,452,219 | $72,683,846 |
Friendship Village Of South County St Louis, MO | $305,494,367 | $44,131,100 |
Methodist Home For The Aging Birmingham, AL | $118,213,803 | $51,510,138 |
Presbyterian Homes Inc Colfax, NC | $256,348,828 | $62,438,008 |
Aldersgate United Methodist Retirement Community Inc Charlotte, NC | $165,248,151 | $44,725,662 |
Everyage Newton, NC | $158,969,277 | $58,100,743 |
Lenbrook Square Foundation Inc Atlanta, GA | $291,448,667 | $46,078,205 |