Civic Intelligence

Brown Memorial Home Inc.

990 • Fiscal year 2023 • EIN 23-7180042

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 09, 2024

158 East Mound StreetCircleville, OH 43113

(740) 474-6238

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

74th percentile

0.29x

Higher debt load relative to assets than 74% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

58th percentile

0.14x

Higher debt load relative to revenue than 58% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

42nd percentile

0.7%

Higher net margin than 42% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

89th percentile

$186,871

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

35th percentile

-0.2%

Faster asset growth than 35% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

58th percentile

12%

Faster revenue growth than 58% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$2,121,473

Down $4,825 (-0.2%) from 2022

Net Assets

Down

$1,507,502

Down $26,875 (-1.8%) from 2022

Liabilities

Up

$613,971

Up $22,050 (+3.7%) from 2022

Revenue

Up

$4,501,715

Up $493,125 (+12%) from 2022

Expenses

Up

$4,472,349

Up $223,158 (+5.3%) from 2022

Net Income

Up

$29,366

Up $269,967 (+112%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2016: $4,697,981Liabilities 2016: $278,379Net Assets 2016: $4,419,6022016Assets 2017: $4,446,677Liabilities 2017: $300,101Net Assets 2017: $4,146,5762017Assets 2018: $3,692,325Liabilities 2018: $427,808Net Assets 2018: $3,264,5172018Assets 2019: $2,755,587Liabilities 2019: $792,844Net Assets 2019: $1,962,7432019Assets 2020: $2,933,465Liabilities 2020: $470,549Net Assets 2020: $2,462,9162020Assets 2021: $2,514,459Liabilities 2021: $602,453Net Assets 2021: $1,912,0062021Assets 2022: $2,126,298Liabilities 2022: $591,921Net Assets 2022: $1,534,3772022Assets 2023: $2,121,473Liabilities 2023: $613,971Net Assets 2023: $1,507,5022023Assets 2024: $2,121,973Liabilities 2024: $643,298Net Assets 2024: $1,478,6752024

Highlighted filing

2023

Assets$2,121,473
Liabilities$613,971
Net Assets$1,507,502

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $3,778,775Expenses 2016: $3,956,088Net Income 2016: -$177,3132016Revenue 2017: $3,321,854Expenses 2017: $3,702,207Net Income 2017: -$380,3532017Revenue 2018: $2,990,277Expenses 2018: $3,798,164Net Income 2018: -$807,8872018Revenue 2019: $3,176,199Expenses 2019: $3,803,147Net Income 2019: -$626,9482019Revenue 2020: $3,600,837Expenses 2020: $3,936,356Net Income 2020: -$335,5192020Revenue 2021: $3,097,937Expenses 2021: $3,678,835Net Income 2021: -$580,8982021Revenue 2022: $4,008,590Expenses 2022: $4,249,191Net Income 2022: -$240,6012022Revenue 2023: $4,501,715Expenses 2023: $4,472,349Net Income 2023: $29,3662023Revenue 2024: $4,358,601Expenses 2024: $4,372,432Net Income 2024: -$13,8312024

Highlighted filing

2023

Revenue$4,501,715
Expenses$4,472,349
Net Income$29,366
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 9, 2024
Return Version
2023v5.1
Gross Receipts
$4,938,916
Mission and Program Overview

Mission

Brown memorial home, inc. Provides personal care and residential services to enhance the quality of life for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$894,722$899,788▲ $5,066
Investments in Publicly Traded Securities$640,007$501,921▼ $138,086
Cash and Non-Interest-Bearing Accounts$226,473$456,317▲ $229,844
Accounts Receivable$315,449$211,840▼ $103,609
Prepaid Expenses and Deferred Charges$30,946$32,906▲ $1,960
Savings and Temporary Cash Investments$18,170$18,170→ $0
Other Notes and Loans Receivable, Net$334$334→ $0
Inventories for Sale or Use$197$197→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,126,298$2,121,473▼ $4,825
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$517,290$517,290→ $0
Accounts Payable and Accrued Expenses$70,990$93,040▲ $22,050
Escrow Account Liability$3,381$3,381→ $0
Mortgage Notes Payable Secured by Investment Property$260$260→ $0
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$591,921$613,971▲ $22,050
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,534,377$1,507,502▼ $26,875
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$1,534,377$1,507,502▼ $26,875
Total Liabilities and Net Assets / Fund Balance$2,126,298$2,121,473▼ $4,825

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$626,987$1,987,562$2,614,550
Other Land Buildings$11,412$373,087$384,499
Equipment$34,823$329,769$364,591
Land$222,387-$222,387
Leasehold Improvements$4,179$129,369$133,548
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nathan CarderAdministrator & CEOFT$123,097$63,774$186,871

Board Members and Trustees

NameTitle
Curtis CregoPresident
Tom DixonVice President
Bill MillerBoard Member
Carl CarlsonBoard Member
Gary MontgomeryBoard Member
Mike ShoemakerBoard Member
Pam CrabtreeBoard Member
Rojanne WoodwardBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$314,574
Program Service Revenue
$4,102,165
Investment Income
$84,610
Other Revenue
$366
All Other Contributions
$29
Change in Net Assets
$29,366
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,850,665
Other Expenses$1,621,684
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,302,976$118,208-$2,421,184
Fees for Services Other$370,670--$370,670
Occupancy$369,947--$369,947
Current Officers, Directors, Trustees, and Key Employees-$186,871-$186,871
Payroll Taxes$130,332$20,528-$150,860
Fees for Services Accounting-$108,542-$108,542
Depreciation Depletion$95,018--$95,018
Insurance$83,595--$83,595
Other Employee Benefits$42,317$34,865-$77,182
All Other Expenses$52,534$22,721-$75,255
Other Expenses$41,337--$41,337
Advertising$24,314--$24,314
Pension Plan Contributions$7,622$6,946-$14,568
Travel$7,119--$7,119
Office Expenses-$2,947-$2,947
Total Functional Expenses$3,970,721$501,628$0$4,472,349
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI SECTION B LINE 11A:

Form 990 emailed or paper copy sent by u.s. Mail to all board members prior to filing.

FORM 990, PART VI SECTION B LINE 12C:

All board members are made aware of policies and required to sign a statement of compliance annually. Administrator must make quarterly compliance report to board and this is subject to verification by external auditors.

FORM 990, PART VI SECTION B LINE 15A&B:

Administrator salary determined by board of governors. New department head salaries approved by board.

FORM 990, PART VI SECTION C LINE 19:

Governing documents, policies, and financial statements available to the public upon request monday through friday 9:00 a.m. To 4:00 p.m. In the business office at 158 e. Mound st, circleville, oh.

Filing and Contact Details

Filer

Filer Name
Brown Memorial Home Inc
EIN
23-7180042
In Care Of
% BECKY HERRON
Phone
7404746238
Address
158 East Mound Street, Circleville, OH 43113

Signing Officer

Name
Nathan Carder
Title
Administrator
Phone
7404746238
Signed
2024-08-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nathan Carder
Formed
1972
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
97
Volunteers
7

Preparer

Firm
Hw&co
Address
28601 Chagrin Blvd 210, Woodmere, OH 44122
Preparer
David M Reape CPA
Phone
2168311200
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 8

Adjustment to investments for prior unrecorded unrealized losses.

Financial Statement Notes

Form 990, Schedule D, Part IV, Line 2A

Medicaid residents can request, and in certain cases, brown memorial home, inc. Is required to maintain their personal funds in a custodian account. These custodial accounts are accounted for separately and are maintained by the nursing facility on the residents behalf. The custodial accounts are listed on the balance sheet of form 990, part x, line 21 as custodial account liabilities.

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