Civic Intelligence

Brethren Retirement Community

990 • Fiscal year 2019 • EIN 34-4431168

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 09, 2020

Refreshing map…

750 Chestnut StreetGreenville, OH 45331

(937) 547-8000

Siviq Scores

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

Liabilities / Assets

84th percentile

0.76x

Higher debt load relative to assets than 84% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

82nd percentile

1.40x

Higher debt load relative to revenue than 82% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

44th percentile

1.6%

Higher net margin than 44% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

38th percentile

$207,042

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

84th percentile

21%

Faster asset growth than 84% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

33rd percentile

-1.4%

Faster revenue growth than 33% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Up

$38,063,031

Up $6,565,551 (+21%) from 2018

Net Assets

Up

$9,291,082

Up $564,402 (+6.5%) from 2018

Liabilities

Up

$28,771,949

Up $6,001,149 (+26%) from 2018

Revenue

Down

$20,495,657

Down $287,090 (-1.4%) from 2018

Expenses

Up

$20,157,672

Up $171,605 (+0.9%) from 2018

Net Income

Down

$337,985

Down $458,695 (-58%) from 2018

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $31,099,436Liabilities 2010: $19,724,369Net Assets 2010: $11,375,0672010Assets 2011: $31,043,560Liabilities 2011: $19,416,319Net Assets 2011: $11,627,2412011Assets 2012: $30,637,359Liabilities 2012: $19,065,559Net Assets 2012: $11,571,8002012Assets 2013: $30,092,602Liabilities 2013: $18,057,283Net Assets 2013: $12,035,3192013Assets 2014: $29,412,667Liabilities 2014: $20,669,219Net Assets 2014: $8,743,4482014Assets 2015: $28,129,437Liabilities 2015: $19,749,283Net Assets 2015: $8,380,1542015Assets 2016: $27,586,459Liabilities 2016: $19,784,172Net Assets 2016: $7,802,2872016Assets 2017: $29,109,973Liabilities 2017: $20,756,370Net Assets 2017: $8,353,6032017Assets 2018: $31,497,480Liabilities 2018: $22,770,800Net Assets 2018: $8,726,6802018Assets 2019: $38,063,031Liabilities 2019: $28,771,949Net Assets 2019: $9,291,0822019Assets 2020: $40,861,080Liabilities 2020: $31,433,163Net Assets 2020: $9,427,9172020Assets 2021: $42,948,048Liabilities 2021: $30,414,354Net Assets 2021: $12,533,6942021Assets 2022: $42,183,856Liabilities 2022: $30,778,119Net Assets 2022: $11,405,7372022Assets 2024: $47,890,724Liabilities 2024: $31,958,884Net Assets 2024: $15,931,8402024

Highlighted filing

2019

Assets$38,063,031
Liabilities$28,771,949
Net Assets$9,291,082

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $18,362,7582010Expenses 2011: $18,612,8322011Expenses 2012: $18,634,8792012Revenue 2013: $18,748,504Expenses 2013: $18,622,209Net Income 2013: $126,2952013Revenue 2014: $19,144,429Expenses 2014: $19,934,220Net Income 2014: -$789,7912014Revenue 2015: $18,864,410Expenses 2015: $19,013,196Net Income 2015: -$148,7862015Revenue 2016: $18,063,727Expenses 2016: $18,693,180Net Income 2016: -$629,4532016Revenue 2017: $20,092,266Expenses 2017: $19,900,536Net Income 2017: $191,7302017Revenue 2018: $20,782,747Expenses 2018: $19,986,067Net Income 2018: $796,6802018Revenue 2019: $20,495,657Expenses 2019: $20,157,672Net Income 2019: $337,9852019Revenue 2020: $20,120,333Expenses 2020: $20,013,403Net Income 2020: $106,9302020Revenue 2021: $21,022,668Expenses 2021: $19,360,651Net Income 2021: $1,662,0172021Revenue 2022: $18,816,550Expenses 2022: $19,645,235Net Income 2022: -$828,6852022Revenue 2024: $27,813,643Expenses 2024: $23,163,142Net Income 2024: $4,650,5012024

Highlighted filing

2019

Revenue$20,495,657
Expenses$20,157,672
Net Income$337,985
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 9, 2020
Return Version
2019v5.1
Gross Receipts
$20,979,762
Mission and Program Overview

Mission

Guided by christian values we provide exceptional service to all entrusted to our care.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$18,902,322$22,394,774▲ $3,492,452
Savings and Temporary Cash Investments$2,514,245$5,722,504▲ $3,208,259
Cash and Non-Interest-Bearing Accounts$3,363,789$3,936,226▲ $572,437
Investments in Publicly Traded Securities$2,864,353$2,978,239▲ $113,886
Accounts Receivable$1,594,916$1,581,312▼ $13,604
Pledges and Grants Receivable$702,954$519,902▼ $183,052
Inventories for Sale or Use$155,034$149,609▼ $5,425
Prepaid Expenses and Deferred Charges$121,106$149,037▲ $27,931
Other Notes and Loans Receivable, Net$2,900$3,102▲ $202
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$31,497,480$38,063,031▲ $6,565,551
Other Assets Total$1,275,861$628,326▼ $647,535
Liabilities
Other Liabilities$11,563,759$14,954,689▲ $3,390,930
Tax Exempt Bond Liabilities$7,095,249$9,806,160▲ $2,710,911
Accounts Payable and Accrued Expenses$2,750,613$2,496,588▼ $254,025
Mortgage Notes Payable Secured by Investment Property$1,351,970$1,504,816▲ $152,846
Escrow Account Liability$9,209$9,696▲ $487
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Total Liabilities$22,770,800$28,771,949▲ $6,001,149
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,544,318$5,366,837▲ $822,519
Net Assets Without Donor Restrictions$4,182,362$3,924,245▼ $258,117
Total Net Assets Fund Balance$8,726,680$9,291,082▲ $564,402
Total Liabilities and Net Assets / Fund Balance$31,497,480$38,063,031▲ $6,565,551

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,426,756$27,912,797$44,339,553
Equipment$1,983,843$11,352,357$13,336,200
Other Land Buildings$2,061,153$3,910,382$5,971,535
Land$1,923,022-$1,923,022

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$3,650,623$26,484▲ $951,905-$4,629,012
2018$3,551,894$320,957▼ $222,228-$3,650,623
2017$3,129,281$3,350▲ $419,263-$3,551,894
2016$3,375,940$1,676▼ $248,335-$3,129,281
2015$2,415,886$8,268▲ $951,786-$3,375,940
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John L WarnerPresident & CEOFT$175,445$31,597$207,042
Janet E JulianSenior Vice President & CEOFT$134,864$5,136$140,000
Kara L AllreadVice President & CAOFT$94,867$21,861$116,728
Carl C EubankCFOFT$95,443$12,038$107,481
Holly E HillCMOFT$99,001$3,336$102,337

Board Members and Trustees

NameTitle
Fred BernhardChairman
Phil BayerVice Chair
David KeplerBoard Member
John KinselBoard Member
Lawrence RiesserBoard Member
Matt ArnoldBoard Member
Ray LaughlinBoard Member
Sheila ShumakerBoard Member
John KellerSecretay

Highest Paid Contractors

ContractorServicesLocationCompensation
Symbria Rehab INCTherapy Services28100 TORCH PARKWAY SUITE, Warrenville, OH 60555$915,045
Remedi Seniorcare Of Ohio LLCPharmacyPO BOX 75744, Baltimore, MD 21275$255,750
Gale Healthcare Solutions LLCTemp Worker ProviderPO BOX 4729, Winter Park, FL 32793$110,961
Revenue and Support

Revenue Composition

Contributions and Grants
$524,215
Program Service Revenue
$19,493,362
Investment Income
$422,617
Other Revenue
$55,463
All Other Contributions
$475,779
Change in Net Assets
$337,985

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,442,319
Revenue Not Reported on Financial Statements
$53,338
Revenue Not Reported on Form 990
$309,565
Total Revenue per Audited Statements
$20,751,884
Total Revenue per Form 990
$20,495,657
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,353,687
Other Expenses$8,803,985
Total Fundraising Expense$116,413
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,707,461$1,018,740$69,432$8,795,633
Fees for Services Other$1,936,320$304,281$36$2,240,637
Depreciation Depletion$1,418,122$177,328-$1,595,450
Occupancy$1,040,836$329,726-$1,370,562
Other Employee Benefits$963,011$117,869$9,240$1,090,120
Payroll Taxes$605,854$74,072$5,819$685,745
Current Officers, Directors, Trustees, and Key Employees$590,715$77,515$5,358$673,588
Interest$299,027$100,281-$399,308
Office Expenses$295,242$45,493$1,485$342,220
Fees for Services Management$108,046$12,823$905$121,774
Pension Plan Contributions$95,949$11,731$921$108,601
Other Expenses$59,115$34,790$8,927$102,832
Travel$36,731$20,217$4,994$61,942
Insurance$24,162$33,838-$58,000
Fees for Service Investment Mgmnt Fees-$53,338-$53,338
All Other Expenses$38,594$13,555$188$52,337
Advertising$32,597$12,748$180$45,525
Conferences and Meetings$28,791$14,251$2,361$45,403
Fees for Services Legal$30,226$6,794-$37,020
Information Technology$11,461$269$45$11,775
Total Functional Expenses$17,363,800$2,677,459$116,413$20,157,672

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$20,187,482
Total Expenses per Form 990$20,157,672
Expenses per Audited Statements$20,104,334
Expenses Not Reported on Form 990$83,148
Expenses Not Reported on Financial Statements$53,338
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$39,580
Fundraising Direct Expenses$16,496
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Benefit Gala$88,016$39,580-$39,580
Total Events$88,016$39,580$16,496$23,084
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Occupancy Fee Deposits$14,270,715
Lt Interest Rate Swap$566,258
Gift Annuity Obligations$117,716

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Greenville Ohio2019-04-25$10,000,000Refunding prior bond issues

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$10,000,000$0$7,008,642$107,974

Bond Financing Compliance

No rebate due
Yes
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
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
No

Governance Explanations

PAGE 6, PART VI, SECTION B, #12C

Directors, officers, staff and selected individuals shall disclose any personal, organizational or financial interests that might constitute a conflict of interest when considered in conjunction with their relationship with brethren retirement community. All conflicts of interest shall be disclosed and potential conflicts avoided. Concerns go to the department director, vice president or president to be investigated.

PAGE 6, PART VI, SECTION B, #15A & 15B

15a: president/ceo has a contract with board of directors who performs his annual evaluation and approves his compensation. 15b: written evaluation done annually by supervisor - wage increase based on annual operating budget (any more requires vp or higher signature).

PAGE 6, PART VI, SECTION C, #19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

PAGE 6, PART VI, SECTION B, #11

The form 990 is prepared by our accounting firm who then provides a copy of the form 990 to the ceo and cfo for their review. Prior to the filing the form 990 is sent to the board of directors.

PAGE 6, PART VI, SECTION A, #6

Brethren retirement community has one class of members which includes each congregation of the church of the brethren in southern ohio ("district"). The membership shall lapse if the congregation ceases to be a participant in the district. There are currently fifty-two (52) member churches.

PAGE 6, PART VI, SECTION A, #7A

There shall be ten trustees. Five shall be elected at annual meeting by the members for four-year terms. (two trustees shall be elected in 1996 and every four years thereafter). At the board meeting following the annual meeting, the other four shall be elected for four-year terms by the five trustees elected by the members. Trustees shall hold office for the period of their term or until the next annual meeting and until their successors shall been elected and qualified. The district executive of the southern ohio district of the church of the brethren shall be a non-voting member of the board of trustees.

Filing and Contact Details

Filer

Filer Name
Brethren Retirement Community
EIN
34-4431168
In Care Of
% JOHN L WARNER
Phone
9375478000
Address
750 CHESTNUT STREET, GREENVILLE, OH 45331

Signing Officer

Name
John L Warner
Title
President and CEO
Phone
9375478000
Signed
2020-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John L Warner
Formed
1902
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
9
Employees
493
Volunteers
410

Preparer

Firm
Hw&co
Address
23240 Chagrin Blvd Suite 700, Cleveland, OH 44122-5450
Preparer
Joseph C Sbrocco CPA
Phone
2168311200
Supplemental Narrative

Additional Explanations

Page 12, Part XI, Line 9

Change in value of perpetual trust: $ 34,000 change in value of interest rate swap: $(595,672)

Financial Statement Notes

Schedule D, Part V, Line 4

The community's endowment consists of seven funds established for a variety of purposes which are donor-restricted endowment funds.

Schedule D, Part IV, Line 2B

Medicaid residents can request, and in certain cases, brethren retirement community 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.

Schedule D, Part XI, Line 2D-other Amounts on F/S Not 990

Increase in value of perpetual trust $ 34,000 cost of good sold netted with revenues on form 990 $ 66,652 change in interest rate swap value $(595,672) fundraising expenses netted with revenues on form 990 $ 16,496

Schedule D, Part XII, Line 2D-other Amounts on F/S Not 990

Cost of good sold netted with revenues on form 990 $66,652 fundraising expenses netted with revenues on form 990 $16,496

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1SENIOR VICE PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT & CAO
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IRS990/Form990PartVIISectionAGrp/TitleTxt4CMO
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IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE CHAIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
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IRS990/MissionDesc0GUIDED BY CHRISTIAN VALUES WE PROVIDE EXCEPTIONAL SERVICE TO ALL ENTRUSTED TO OUR CARE.
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IRS990/OtherExpensesGrp/Desc0MEDICAL SUPPLIES
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt257208
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt334790
IRS990/OtherExpensesGrp/ProgramServicesAmt01389876
IRS990/OtherExpensesGrp/ProgramServicesAmt1505379
IRS990/OtherExpensesGrp/ProgramServicesAmt2146285
IRS990/OtherExpensesGrp/ProgramServicesAmt359115
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IRS990/OtherExpensesGrp/TotalAmt1634497
IRS990/OtherExpensesGrp/TotalAmt2204302
IRS990/OtherExpensesGrp/TotalAmt3102832
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IRS990/PayrollTaxesGrp/FundraisingAmt05819
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt074072

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.9$32.0$15.9$27.8$23.2$4.65
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.2$30.8$11.4$18.8$19.6$0.83
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.9$30.4$12.5$21.0$19.4$1.66
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.9$31.4$9.43$20.1$20.0$0.11
2019Detailed filing. Detailed filing data is available for this year.$38.1$28.8$9.29$20.5$20.2$0.34
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.5$22.8$8.73$20.8$20.0$0.80
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.1$20.8$8.35$20.1$19.9$0.19
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.6$19.8$7.80$18.1$18.7$0.63
2015Detailed filing. Detailed filing data is available for this year.$28.1$19.7$8.38$18.9$19.0$0.15
2014Detailed filing. Detailed filing data is available for this year.$29.4$20.7$8.74$19.1$19.9$0.79
2013Detailed filing. Detailed filing data is available for this year.$30.1$18.1$12.0$18.7$18.6$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.6$19.1$11.6$18.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.0$19.4$11.6$18.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.1$19.7$11.4$18.4