Civic Intelligence

General Baptist Assisted Living Facility

990 • Fiscal year 2020 • EIN 26-1345353

Sep 01, 2019 to Aug 31, 2020 • Filed on Feb 24, 2022

1200 Gordon Duckworth DrivePiggott, AR 72454

(870) 598-2010

Siviq Scores

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

Liabilities / Assets

97th percentile

1.58x

Higher debt load relative to assets than 97% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

96th percentile

5.77x

Higher debt load relative to revenue than 96% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

24th percentile

-8.3%

Higher net margin than 24% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

94th percentile

$288,710

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 31.4% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$3,352,156

No earlier filing loaded for comparison.

Net Assets

-$1,946,918

No earlier filing loaded for comparison.

Liabilities

$5,299,074

No earlier filing loaded for comparison.

Revenue

$918,122

No earlier filing loaded for comparison.

Expenses

$993,988

No earlier filing loaded for comparison.

Net Income

-$75,866

No earlier filing loaded for comparison.

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$0-$2.0MAssets 2020: $3,352,156Liabilities 2020: $5,299,074Net Assets 2020: -$1,946,9182020Assets 2021: $3,250,225Liabilities 2021: $5,232,014Net Assets 2021: -$1,981,7892021Assets 2022: $3,335,999Liabilities 2022: $5,174,149Net Assets 2022: -$1,838,1502022

Highlighted filing

2020

Assets$3,352,156
Liabilities$5,299,074
Net Assets-$1,946,918

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2020: $918,122Expenses 2020: $993,988Net Income 2020: -$75,8662020Revenue 2021: $980,488Expenses 2021: $1,015,359Net Income 2021: -$34,8712021Revenue 2022: $1,318,071Expenses 2022: $1,174,432Net Income 2022: $143,6392022

Highlighted filing

2020

Revenue$918,122
Expenses$993,988
Net Income-$75,866
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Feb 24, 2022
Return Version
2019v5.0
Gross Receipts
$918,122
Mission and Program Overview

Mission

Our philosphy is to live and let live. Residents can live in a community setting that is safe, secure and allows each tenant to have privacy without regard to an individuals ability to pay. Residents are encouraged to be as independent as possible, and when assistance is requested or needed, our staff will be there to provide it. We provide specific personalized needs including the physical, social, spritual, psychological and safety aspects, each of which we strive daily to satisfy. The staff provides and coordinates access to 24 hours/7 days a week supervision, three meals a day, buffet style in a group dining room, and a range of services that promote quality of life and independence.

To provide assited living facility services in a safe community setting for residents regardless of age, ethnicity, religion, sexual preference or ability to pay.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,158,134$3,077,598▼ $80,536
Savings and Temporary Cash Investments$213,551$181,833▼ $31,718
Accounts Receivable$20,344$49,001▲ $28,657
Intangible Assets$34,416$27,652▼ $6,764
Prepaid Expenses and Deferred Charges-$10,416-
Inventories for Sale or Use$5,656$5,656→ $0
Total Assets$3,432,101$3,352,156▼ $79,945
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,829,555$3,765,139▼ $64,416
Other Liabilities$1,375,685$1,375,685→ $0
Unsecured Notes Loans Payable-$82,305-
Accounts Payable and Accrued Expenses$97,909$75,945▼ $21,964
Total Liabilities$5,303,149$5,299,074▼ $4,075
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,871,048$-1,946,918▼ $75,870
Total Net Assets Fund Balance$-1,871,048$-1,946,918▼ $75,870
Total Liabilities and Net Assets / Fund Balance$3,432,101$3,352,156▼ $79,945

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,768,127$1,042,622$3,810,749
Leasehold Improvements$92,089$250,087$342,176
Equipment$83,145$227,127$310,272
Land$128,121-$128,121
Other Land Buildings$6,116$3,540$9,656
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Tracy ColeCOOFT$137,585$137,585
Dave BrownTreasurerFT$107,594$107,594
David ReedCFOFT$88,000$88,000

Board Members and Trustees

NameTitle
Carol BlantonPresident -
Clydus GrayTrustee
Darrel McgrillisTrustee
James McgeeTrustee
Kevin SmithTrustee
Trea MccandlessTrustee
Jim PooleVP - Trustee
Scott ColeCEO
Tracy RobisonSecretary-tr
Revenue and Support

Revenue Composition

Contributions and Grants
$180,482
Program Service Revenue
$735,830
Investment Income
$1,810
Other Revenue
$0
All Other Contributions
$180,482
Change in Net Assets
$-75,866

Audited Revenue Reconciliation

Revenue per Audited Statements
$918,122
Total Revenue per Audited Statements
$918,122
Total Revenue per Form 990
$918,122
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$557,966
Salaries, Compensation, and Employee Benefits$436,022
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$338,385$9,568-$347,953
Interest-$157,199-$157,199
Depreciation Depletion$124,996$22,812-$147,808
Insurance-$69,082-$69,082
Office Expenses$62,328$3,655-$65,983
Current Officers, Directors, Trustees, and Key Employees-$52,380-$52,380
Payroll Taxes$26,686$2,965-$29,651
Other Expenses$11,246$7,834-$11,246
All Other Expenses$10,402--$10,402
Other Employee Benefits-$6,038-$6,038
Information Technology-$4,368-$4,368
Fees for Services Legal-$2,000-$2,000
Advertising-$661-$661
Fees for Services Lobbying-$600-$600
Travel-$19-$19
Total Functional Expenses$626,213$367,775$0$993,988

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$993,988
Total Expenses per Audited Statements$993,988
Total Expenses per Form 990$993,988
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$1,375,685
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Scott r cole tracy g cole ceo coo family relationship

Form 990, Page 6, Part VI, Line 3

Effective sep 1, 2013, the organization and its related tax-exempt affiliates brought its finance department in house. An outside arrangement was terminated prior to the end of the organization's 2013 fiscal year.

Form 990, Page 6, Part VI, Line 6

General baptist nursing home board, inc. ("gbnhb") is the sole member of this organization.

Form 990, Page 6, Part VI, Line 7A

Gbnhb has the right to elect the members of this organization's board of trustees and has certain reserved powers as defined in this organization's bylaws.

Form 990, Page 6, Part VI, Line 8B

The board acts on measures as a whole.

Form 990, Page 6, Part VI, Line 11B

The organization's federal form 990 was provided to each voting member of the organization's governing body (its board of trustees) prior to the filing with the irs. In addition, the organization's board assumed the responsibility to oversee and coordinate the federal form 990 preparation and filing process.

Form 990, Page 6, Part VI, Line 12C

The organization has a written conflict of interest policy. The organization regularly monitors and enforces compliance with its conflict of interest policy. This conflict of interest policy requires that the signed conflict of interest forms be reviewed by the chief executive officer. In a situation in which a trustee discloses an interest that could give rise to a conflict, the trustee's potential conflict is reported to the full board of trustees which evaluates the conflict and its potential impact on the trustee's participation on the board or on certain issues which may come before the board. As appropriate the board will take action to address the conflict.

Form 990, Page 6, Part VI, Line 15A

The compensation and benefits of senior management, including the chief executive officer, are reviewed by the board of trustees to ensure fair market value compensation is paid. Where appropriate, the board reviews external comparable data and seeks advice of external consultants to ensure total compensation of these individuals is reasonable and fair market value.

Form 990, Page 6, Part VI, Line 15B

The compensation and benefits of senior management, including the chief executive officer, are reviewed by the board of trustees to ensure fair market value compensation is paid. Where appropriate, the board reviews external comparable data and seeks advice of external consultants to ensure total compensation of these individuals is reasonable and fair market value.

Form 990, Page 6, Part VI, Line 19

The organization's filed certificate of incorporation and any amendments can be obtained and reviewed through the state of arkansas secretary of state. The federal form 1023 and all attachments can be obtained upon bequest directly from the organization.

Form 990, Part VII

Certain board of trustee members, officers and/or directors listed on core form, part vii and schedule j of this form 990 may hold similar positions with both this organization and other affiliates within the system. The hours shown on this form 990 for board members who receive no compensation for services rendered in a non-board capacity, represents the estimated hours devoted per week for this organization. To the extent these individuals serve as a member of the board of trustees of other related organizations in the system, their respective hours per week per organization are approximately one hour. The hours reflected on part vii of this form 990, for board members who receive compensation for services rendered in a non-board capactiy, paid officer and key employees, relect total hours worked per week on behalf of general baptist nursing home board, inc. And all affiliates; not solely this organization.

Filing and Contact Details

Filer

Filer Name
General Baptist Assisted Living
EIN
26-1345353
Phone
8705982010
Address
1200 GORDON DUCKWORTH DRIVE, PIGGOTT, AR 72454

Signing Officer

Name
Scott Cole
Title
CEO
Phone
8705982010
Signed
2022-02-24

Organization Details

Principal Officer
Scott Cole
Formed
2007
Legal Domicile
Ar
Voting Board Members
8
Independent Board Members
8
Employees
27
Volunteers
4
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Our philosphy is to live and let live. Residents can live in a community setting that is safe, secure and allows each tenant to have privacy without regard to an individuals ability to pay. Residents are encouraged to be as independent as possible, and when assistance is requested or needed, our staff will be there to provide it. We provide specific personalized needs including the physical, social, spritual, psychological and safety aspects, each of which we strive daily to satisfy. The staff provides and coordinates access to 24 hours/7 days a week supervision, three meals a day, buffet style in a group dining room, and a range of services that promote quality of life and independence.

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

The organization is the trustee of funds received on behalf of various residents. The organization has a fiduciary responsibility for the administration of the bank account and the distribution of the funds to the residents. The amount is recorded on the balance sheet as cash in patient fund and resident trust liability.

Schedule D, Page 3, Part X

An independent cpa firm audited the financial statements of this organization for the years ended august 31, 2020 and august 31, 2019; respectively. The following is the text of the footnote included in the organization's year ended august 31, 2020 audited financial statements that reports the organization's liability for uncertain tax positions under fin 48: magnolia manor assisted living has evaluated their exposure resulting from uncertain tax positions and determined the exposure is not material to the financial statements. Magnolia manor assisted living files informational tax returns in the u s federal jurisdiction and the state of arkansas. Magnolia manor assisted living is no longer subject to u.s. Federal, state and local income tax examinations by tax authorities for years before 2013.

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IRS990/MissionDesc0OUR PHILOSPHY IS TO LIVE AND LET LIVE. RESIDENTS CAN LIVE IN A COMMUNITY SETTING THAT IS SAFE, SECURE AND ALLOWS EACH TENANT TO HAVE PRIVACY WITHOUT REGARD TO AN INDIVIDUALS ABILITY TO PAY. RESIDENTS ARE ENCOURAGED TO BE AS INDEPENDENT AS POSSIBLE, AND WHEN ASSISTANCE IS REQUESTED OR NEEDED, OUR STAFF WILL BE THERE TO PROVIDE IT. WE PROVIDE SPECIFIC PERSONALIZED NEEDS INCLUDING THE PHYSICAL, SOCIAL, SPRITUAL, PSYCHOLOGICAL AND SAFETY ASPECTS, EACH OF WHICH WE STRIVE DAILY TO SATISFY. THE STAFF PROVIDES AND COORDINATES ACCESS TO 24 HOURS/7 DAYS A WEEK SUPERVISION, THREE MEALS A DAY, BUFFET STYLE IN A GROUP DINING ROOM, AND A RANGE OF SERVICES THAT PROMOTE QUALITY OF LIFE AND INDEPENDENCE.
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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0PT II-B LINE 1: THE ORGANIZATION IS A MEMBER OF THE ARKANSAS RESIDENTIAL ASSISTED LIVING ASSOCIATION AND THE ARKANSAS HEALTH CARE ASSOCIATION WHICH BOTH ENGAGE IN LOBBYING EFFORTS ON BEHALF OF THEIR MEMEBERS. A PORTION OF THE DUES PAID TO THESE ORGANIZATIONS IS ALLOCATED TOWARDS LOBBYING EFFORTS PERFORMED ON BEHALF OF THIS ORGANIZATION. THIS ALLOCATION AMOUNTED TO 600.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART IV
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS THE TRUSTEE OF FUNDS RECEIVED ON BEHALF OF VARIOUS RESIDENTS. THE ORGANIZATION HAS A FIDUCIARY RESPONSIBILITY FOR THE ADMINISTRATION OF THE BANK ACCOUNT AND THE DISTRIBUTION OF THE FUNDS TO THE RESIDENTS. THE AMOUNT IS RECORDED ON THE BALANCE SHEET AS CASH IN PATIENT FUND AND RESIDENT TRUST LIABILITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1AN INDEPENDENT CPA FIRM AUDITED THE FINANCIAL STATEMENTS OF THIS ORGANIZATION FOR THE YEARS ENDED AUGUST 31, 2020 AND AUGUST 31, 2019; RESPECTIVELY. THE FOLLOWING IS THE TEXT OF THE FOOTNOTE INCLUDED IN THE ORGANIZATION'S YEAR ENDED AUGUST 31, 2020 AUDITED FINANCIAL STATEMENTS THAT REPORTS THE ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48: MAGNOLIA MANOR ASSISTED LIVING HAS EVALUATED THEIR EXPOSURE RESULTING FROM UNCERTAIN TAX POSITIONS AND DETERMINED THE EXPOSURE IS NOT MATERIAL TO THE FINANCIAL STATEMENTS. MAGNOLIA MANOR ASSISTED LIVING FILES INFORMATIONAL TAX RETURNS IN THE U S FEDERAL JURISDICTION AND THE STATE OF ARKANSAS. MAGNOLIA MANOR ASSISTED LIVING IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE COMPENSATION AND BENEFITS OF SENIOR MANAGEMENT, INCLUDING THE CHIEF EXECUTIVE OFFICER, ARE REVIEWED BY THE BOARD OF TRUSTEES ANNUALLY TO ENSURE FAIR MARKET VALUE COMPENSATION IS PAID. WHERE APPROPRIATE, THE BOARD REVIEWS EXTERNAL COMPARABLE DATA AND SEEKS ADVICE OF EXTERNAL CONSULTANTS WHEN DEEMED NECESSARY TO ENSURE TOTAL COMPENSATION OF THESE INDIVIDUALS IS REASONABLE AND REFLECTS FAIR MARKET VALUE FOR BASE SALARY, BONUS STRUCTURE, AND MEDICAL BENEFITS. THE BONUS STRUCTURE IS BASED ON COMPLETION OF THE ORGANIZATION'S AND THEIR RELATED ENTITIES MISSION ESPECIALLY AS IT RELATES TO QUALITY OF CARE FOR THE RESIDENT NO MATTER THE PERSON'S AGE, ETHNICITY, RELIGION, SEXUAL PREFERENCE OR ABILITY TO PAY. THIS IS MEASURED BY SUCH CRITERIA AS FEDERAL AND STATE SURVEY RESULTS AND THE NUMBER SUBSTANTIATED AND UNSUBSTANTIATED COMPLAINTS AS WELL AS OTHER BOTH SUBJECTIVE AND OBJECTIVE CRITERIA AS THE BOARD OF TRUSTEES DEEMS APPROPRIATE TO USE AS CIRCUMSTANCES DICTATE. SENIOR MANAGEMENT IS EMPLOYED BY THE GENERAL BAPTIST NURSING HOME BOARD INC. WHICH IS THE TAX-EXEMPT PARENT OF EIGHT RELATED TAX-EXEMPT ORGANIZATIONS ALL OF WHICH PROVIDE HEALTHCARE SERVICES TO INDIVIDUALS ON A NON-DISCRIMINATORY BASIS WITHOUT REGARD TO AN INDIVIDUAL'S ABILITY TO PAY. THESE ENTITIES WORK TOGETHER TO DELIVER HIGH QUALITY HEALTHCARE AND WELLNESS SERVICES TO THE COMMUNITIES IN WHICH THEY ARE SITUATED.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PAGE 1, PART I, LINE 3

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