Civic Intelligence

Breckinridge Services Inc.

990 • Fiscal year 2019 • EIN 26-2399118

Jan 01, 2019 to Dec 31, 2019 • Filed on Feb 03, 2020

PO Box 525Morganfield, KY 42437

(270) 389-1919

Siviq Scores

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

Liabilities / Assets

91st percentile

0.93x

Higher debt load relative to assets than 91% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

89th percentile

1.46x

Higher debt load relative to revenue than 89% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

49th percentile

2.9%

Higher net margin than 49% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

26th percentile

-2.9%

Faster asset growth than 26% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

72nd percentile

17%

Faster revenue growth than 72% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$4,814,516

Down $145,845 (-2.9%) from 2018

Net Assets

Up

$339,152

Up $89,462 (+36%) from 2018

Liabilities

Down

$4,475,364

Down $235,307 (-5.0%) from 2018

Revenue

Up

$3,065,798

Up $451,273 (+17%) from 2018

Expenses

Up

$2,976,336

Up $277,749 (+10%) from 2018

Net Income

Up

$89,462

Up $173,524 (+206%) from 2018

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 2012: $4,329,403Liabilities 2012: $4,589,144Net Assets 2012: -$259,7412012Assets 2013: $5,223,964Liabilities 2013: $5,247,271Net Assets 2013: -$23,3072013Assets 2014: $5,312,929Liabilities 2014: $5,065,511Net Assets 2014: $247,4182014Assets 2015: $5,274,181Liabilities 2015: $4,787,038Net Assets 2015: $487,1432015Assets 2016: $5,520,321Liabilities 2016: $5,009,338Net Assets 2016: $510,9832016Assets 2017: $5,255,261Liabilities 2017: $4,921,509Net Assets 2017: $333,7522017Assets 2018: $4,960,361Liabilities 2018: $4,710,671Net Assets 2018: $249,6902018Assets 2019: $4,814,516Liabilities 2019: $4,475,364Net Assets 2019: $339,1522019Assets 2020: $4,730,925Liabilities 2020: $4,254,915Net Assets 2020: $476,0102020Assets 2021: $4,502,211Liabilities 2021: $4,043,363Net Assets 2021: $458,8482021Assets 2022: $5,024,850Liabilities 2022: $3,824,463Net Assets 2022: $1,200,3872022Assets 2023: $3,765,142Liabilities 2023: $2,588,401Net Assets 2023: $1,176,7412023Assets 2024: $3,798,820Liabilities 2024: $2,472,426Net Assets 2024: $1,326,3942024

Highlighted filing

2019

Assets$4,814,516
Liabilities$4,475,364
Net Assets$339,152

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2012: $2,430,4142012Revenue 2013: $2,921,370Expenses 2013: $2,672,567Net Income 2013: $248,8032013Revenue 2014: $3,024,485Expenses 2014: $2,753,760Net Income 2014: $270,7252014Revenue 2015: $2,710,629Expenses 2015: $2,470,904Net Income 2015: $239,7252015Revenue 2016: $2,656,874Expenses 2016: $2,633,034Net Income 2016: $23,8402016Revenue 2017: $2,710,579Expenses 2017: $2,887,810Net Income 2017: -$177,2312017Revenue 2018: $2,614,525Expenses 2018: $2,698,587Net Income 2018: -$84,0622018Revenue 2019: $3,065,798Expenses 2019: $2,976,336Net Income 2019: $89,4622019Revenue 2020: $3,062,417Expenses 2020: $2,925,559Net Income 2020: $136,8582020Revenue 2021: $2,720,042Expenses 2021: $2,737,204Net Income 2021: -$17,1622021Revenue 2022: $3,856,565Expenses 2022: $3,115,026Net Income 2022: $741,5392022Revenue 2023: $3,246,220Expenses 2023: $3,269,866Net Income 2023: -$23,6462023Revenue 2024: $3,639,973Expenses 2024: $3,490,320Net Income 2024: $149,6532024

Highlighted filing

2019

Revenue$3,065,798
Expenses$2,976,336
Net Income$89,462
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Feb 3, 2020
Return Version
2019v5.0
Gross Receipts
$3,065,798
Mission and Program Overview

Mission

To provide quality nursing and assisted living services

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,352,218$4,109,522▼ $242,696
Cash and Non-Interest-Bearing Accounts$408,283$533,305▲ $125,022
Accounts Receivable$155,152$124,501▼ $30,651
Intangible Assets$31,335$27,466▼ $3,869
Prepaid Expenses and Deferred Charges$13,373$19,722▲ $6,349
Total Assets$4,960,361$4,814,516▼ $145,845
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,674,851$3,651,576▲ $976,725
Tax Exempt Bond Liabilities$1,867,029$691,774▼ $1,175,255
Other Liabilities$76,305$71,538▼ $4,767
Accounts Payable and Accrued Expenses$92,486$60,476▼ $32,010
Total Liabilities$4,710,671$4,475,364▼ $235,307
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$249,690$339,152▲ $89,462
Total Net Assets Fund Balance$249,690$339,152▲ $89,462
Total Liabilities and Net Assets / Fund Balance$4,960,361$4,814,516▼ $145,845

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,963,313$1,994,559$5,957,872
Equipment$139,059$251,368$390,427
Land$7,150-$7,150
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mike CreaseyPresident
Jama WellsDirector
Mike HardestyDirector
Jim YoungSecretary
Patrick DonahueVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,065,798
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$89,462

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,065,798
Total Revenue per Audited Statements
$3,065,798
Total Revenue per Form 990
$3,065,798
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,647,107
Other Expenses$1,329,229
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,062,495$434,297-$1,496,792
Depreciation Depletion$3,869$273,276-$277,145
Fees for Services Other$151,219$21,775-$172,994
Interest-$151,833-$151,833
Occupancy$139,141--$139,141
Payroll Taxes$76,030$31,054-$107,084
Other Expenses$83,471$60,000-$60,000
All Other Expenses$8,574$47,870-$56,444
Insurance$28,345$18,279-$46,624
Other Employee Benefits$43,231--$43,231
Travel-$14,026-$14,026
Advertising-$2,917-$2,917
Total Functional Expenses$1,755,437$1,220,899$0$2,976,336

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,976,336
Total Expenses per Audited Statements$2,976,336
Total Expenses per Form 990$2,976,336
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
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll and Interest$71,538

Bond Issues

BondIssuerIssuedIssue PricePurpose
ASeries B Bonds - Union County2010-07-01$1,000,000-

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 11B

No review was or will be conducted.

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

The organization routinely monitors adherence to the conflict of interest policy.

Form 990, Page 6, Part VI, Line 19

The organization's financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Breckinridge Services Inc
EIN
26-2399118
Phone
2703891919
Address
PO BOX 525, MORGANFIELD, KY 42437

Signing Officer

Name
Mike Creasey
Title
President
Phone
2708224218
Signed
2020-02-03

Organization Details

Principal Officer
Mike Creasey
Formed
2008
Legal Domicile
Ky
Voting Board Members
5
Independent Board Members
5
Employees
149

Preparer

Firm
Kemper CPA Group Llp
Address
PO BOX 676, HENDERSON, KY 42419-0676
Preparer
Joy a Ries
Phone
2708264474
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Providing supervised long-term residential care to elderly individuals and those with developmental disabilities

Raw XML Appendix396 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01994559
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0139059
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0251368
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0390427
IRS990ScheduleD/ExpensesSubtotalAmt02976336
IRS990ScheduleD/LandGrp/BookValueAmt07150
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt07150
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt071538
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL AND INTEREST
IRS990ScheduleD/RevenueSubtotalAmt03065798
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04109522
IRS990ScheduleD/TotalExpensesPerForm990Amt02976336
IRS990ScheduleD/TotalLiabilityAmt071538
IRS990ScheduleD/TotalRevenuePerForm990Amt03065798
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02976336
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt01000000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0SERIES B BONDS - UNION COUNTY
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0false
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDING SUPERVISED LONG-TERM RESIDENTIAL CARE TO ELDERLY INDIVIDUALS AND THOSE WITH DEVELOPMENTAL DISABILITIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION ROUTINELY MONITORS ADHERENCE TO THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt0149
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01220899
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01755437
IRS990/TotalFunctionalExpensesGrp/TotalAmt02976336
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt04475364
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IRS990/TotalLiabilitiesGrp/EOYAmt04475364
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0249690
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0339152
IRS990/TotalProgramServiceExpensesAmt01755437
IRS990/TotalProgramServiceRevenueAmt03065798
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03065798
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03065798
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04960361
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04814516
IRS990/TravelGrp/ManagementAndGeneralAmt014026
IRS990/TravelGrp/TotalAmt014026
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE CREASEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02708224218
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BRECKINRIDGE SERVICES INC
ReturnHeader/Filer/BusinessNameControlTxt0BREC
ReturnHeader/Filer/EIN0262399118
ReturnHeader/Filer/PhoneNum02703891919
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 525
ReturnHeader/Filer/USAddress/CityNm0MORGANFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd042437
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D4B80D97FD93F2876E05475C81F2C5A3364D9298
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09F5B62AB3E7A4190BCF7CE96871EAFAE8B6537CE
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0184.175.157.67
ReturnHeader/FilingSecurityInformation/IPDt02020-02-29
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm015:56:11
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0370818432
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KEMPER CPA GROUP LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 676
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HENDERSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0424190676
ReturnHeader/PreparerPersonGrp/PhoneNum02708264474
ReturnHeader/PreparerPersonGrp/PreparationDt02020-02-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOY A RIES
ReturnHeader/ReturnTs02020-02-29T15:56:11-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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