Baptist Memorials Ministries
- Assets
- $72.6m
- Revenue
- $15.6m
- Investments
- $32.4m
- Employees
- 212
- Location
- Dallas, TX
- Founding
- 07/2010
- Data as of
- 12/2022
- EIN
- 75-2755400
Organization Overview
Baptist Memorials Ministries, operating under the name Baptist Retirement Community, is located in Dallas, TX. The organization was established in 2010. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2022, Baptist Retirement Community employed 212 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Retirement Community 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 12/2022, Baptist Retirement Community generated $15.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $15.3m during the year ending 12/2022. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOLLOW THE EXAMPLE OF JESUS BY SERVING SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LONG TERM CARE FOR AN AVERAGE CENSUS OF 61 WITH A PRIMARY DIAGNOSIS OF ALZHEIMER'S OR RELATED DEMENTIA, OF WHICH 37% ARE MEDICAID ELIGIBLE.
PROVIDE AFFORDABLE INDEPENDENT LIVING IN COTTAGES, DUPLEXES, OR APARTMENTS FOR APPROXIMATELY 326 INDIVIDUALS LIVING IN 272 UNITS (SAN ANGELO ONLY).
PROVIDE AFFORDABLE ASSISTED LIVING CARE FOR AN AVERAGE CENSUS OF 26.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Albert Reyes President & CEO | OfficerTrustee | 2 | $0 |
Lisa Eady Director | Trustee | 1 | $0 |
Dr Riefferd Gail Flood Director, Chair | Trustee | 1 | $0 |
Tommy Hiebert Director | Trustee | 1 | $0 |
Libby Mims Director, Vice Chair | Trustee | 1 | $0 |
Troyce Wilcox Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Functional Pathways Of Tn Llc Physical Therapy | 12/30/22 | $138,659 |
Shannon Clinic Medical Consulting | 12/30/22 | $122,696 |
Alexander & Hart Llc Landscape Services | 12/30/22 | $114,694 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $112,444 |
| Government grants | $142,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $714,133 |
| Noncash contributions included in lines 1a–1f | $25,660 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $968,827 |
| Total Program Service Revenue | $11,549,898 |
| Investment income | $2,355,156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $793 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $484,145 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,568,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,565 |
| 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 | $6,413,266 |
| Pension plan accruals and contributions | $250,493 |
| Other employee benefits | $1,301,441 |
| Payroll taxes | $469,917 |
| Fees for services: Management | $103,812 |
| Fees for services: Legal | $8,892 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $575,659 |
| Advertising and promotion | $238,578 |
| Office expenses | $78,885 |
| Information technology | $71,386 |
| Royalties | $0 |
| Occupancy | $1,576,195 |
| Travel | $71,752 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $463,381 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,447,647 |
| Insurance | $959,142 |
| All other expenses | $59,309 |
| Total functional expenses | $15,251,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,060,306 |
| Savings and temporary cash investments | $3,039,164 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,713,059 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $53,654 |
| Prepaid expenses and deferred charges | $1,078,173 |
| Net Land, buildings, and equipment | $33,274,580 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $32,368,097 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $72,587,033 |
| Accounts payable and accrued expenses | $585,122 |
| Grants payable | $0 |
| Deferred revenue | $13,078,202 |
| 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 | $12,358,161 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,475,940 |
| Total liabilities | $28,497,425 |
| Net assets without donor restrictions | $16,322,355 |
| Net assets with donor restrictions | $27,767,253 |
| 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 | $72,587,033 |