Bivins Village Phase Ii
- Assets
- $3.3m
- Revenue
- $518.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Amarillo, TX
- Founding
- 03/2006
- Data as of
- 09/2023
- EIN
- 83-0423889
Organization Overview
Bivins Village Phase Ii is located in Amarillo, TX. The organization was established in 2006. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bivins Village Phase Ii 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, Bivins Village Phase Ii generated $518.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $661.8k during the year ending 09/2023. While expenses have increased by 4.7% per year over the past 8 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
BIVINS VILLAGE II IS AN INDEPENDENT LIVING FACILITY FOR LOW INCOME SENIORS. BIVINS VILLAGE II IS LOCATED ON APPROXIMATELY 8 ACRES THAT ARE CURRENTLY PART OF A LARGER 18 ACRE TRACT OF LAND OWNED BY THE MARY E. BIVINS FOUNDATION. BIVINS VILLAGE II HAS BEEN DESIGNED WITH THE RECOGNITION THAT, ALTHOUGH IN THE EARLY YEARS, IT WILL SERVE A MORE INDEPENDENT ELDERLY POPULATION - THESE PERSONS WILL BECOME MORE FRAIL AS TIME ADVANCES. ACCORDINGLY THE UNITS ARE EQUIPPED WITH GRAB BARS AND NON-SLIP FLOOR SURFACES, ALONG WITH OTHER DESIGN ELEMENTS, WHICH FACILITATE INDIVIDUAL SAFETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIVINS VILLAGE PHASE II PROVIDES A SAFE, SECURE, QUALITY 60 UNIT APARTMENT COMMUNITY FOR LOW TO MODERATE INCOME SENIORS 62 YEARS OF AGE OR OLDER WHO ARE ELIGIBLE UNDER HUD'S SECTION 202 PROGRAM.
PROVIDE QUALITY, SCHEDULED TRANSPORTATION TO OUR RESIDENTS WHO DON'T HAVE ANY OTHER MEANS OF GETTING TO HEALTHCARE APPOINTMENTS, GROCERY STORES, GENERAL NEEDS SHOPPING, ETC.
PROVIDE OPPORTUNITIES FOR VARIOUS HEALTH CARE ENTITIES & FINANCIAL INSTITUTIONS TO COME IN TO OUR LOW INCOME COMMUNITY FOR HEALTH FAIRS, ROUTINE HEALTH SCREENINGS, PERSONAL BANKING SERVICES, ETC..ALL AT NO COST TO OUR RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katharyn Wiegand President | Officer | 5 | $0 |
Paul Sneed CFO | Officer | 5 | $0 |
Dr Steve Urban Chairman | OfficerTrustee | 0.5 | $0 |
Mark Bivins Vice-Chair | OfficerTrustee | 0.5 | $0 |
Puff Niegos Secretary | OfficerTrustee | 0.5 | $0 |
Dr Bud Joyner Past Board C | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $328,078 |
| 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 | $328,078 |
| Total Program Service Revenue | $172,688 |
| Investment income | $13,855 |
| 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 | $518,633 |
| 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 | $88,045 |
| Pension plan accruals and contributions | $4,977 |
| Other employee benefits | $35,084 |
| Payroll taxes | $11,334 |
| Fees for services: Management | $32,400 |
| Fees for services: Legal | $9,270 |
| Fees for services: Accounting | $18,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,322 |
| Advertising and promotion | $623 |
| Office expenses | $1,588 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $94,376 |
| Travel | $381 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,111 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $153,966 |
| Insurance | $16,320 |
| All other expenses | $10,097 |
| Total functional expenses | $661,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,494 |
| Savings and temporary cash investments | $256,360 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $440 |
| 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 | $49,106 |
| Net Land, buildings, and equipment | $2,992,297 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,304,697 |
| Accounts payable and accrued expenses | $34,766 |
| 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 | $4,521,904 |
| Total liabilities | $4,556,670 |
| Net assets without donor restrictions | -$1,251,973 |
| 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 | $3,304,697 |