Civic Intelligence

Golden Bridges Assisted Living Inc

EIN 47-5544300 • 501(c)3

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.76x

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

501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

0.26x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

56th percentile

4.9%

Higher net margin than 56% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

88th percentile

$23,500

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

99th percentile

1037%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

62nd percentile

7.8%

Faster revenue growth than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$75,449

Up $68,812 (+1037%) from 2019

Liabilities

Up

$57,640

Up $54,320 (+1636%) from 2019

Net Assets

Up

$17,809

Up $14,492 (+437%) from 2019

Revenue

Up

$225,294

Up $16,290 (+7.8%) from 2019

Expenses

Up

$214,356

Up $15,536 (+7.8%) from 2019

Net Income

Up

$10,938

Up $754 (+7.4%) from 2019

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0-$20KAssets 2018: $2,353Liabilities 2018: $5,583Net Assets 2018: -$3,2302018Assets 2019: $6,637Liabilities 2019: $3,320Net Assets 2019: $3,3172019Assets 2020: $75,449Liabilities 2020: $57,640Net Assets 2020: $17,8092020

Highlighted filing

2020

Assets$75,449
Liabilities$57,640
Net Assets$17,809

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2018: $164,124Expenses 2018: $164,411Net Income 2018: -$2872018Revenue 2019: $209,004Expenses 2019: $198,820Net Income 2019: $10,1842019Revenue 2020: $225,294Expenses 2020: $214,356Net Income 2020: $10,9382020

Highlighted filing

2020

Revenue$225,294
Expenses$214,356
Net Income$10,938

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 25, 2021
Return Version
2020v4.0
Gross Receipts
$225,294
Mission and Program Overview

Mission

REFER TO STATEMENT 1

To provide low income elderly residents and those with various disabilities with an array of supportive and essential services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use-$41,015-
Cash and Non-Interest-Bearing Accounts$6,637$18,457▲ $11,820
Other Notes and Loans Receivable, Net-$15,977-
Total Assets$6,637$75,449▲ $68,812
Liabilities
Unsecured Notes Loans Payable-$57,640-
Accounts Payable and Accrued Expenses$3,320--
Total Liabilities$3,320$57,640▲ $54,320
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,317$17,809▲ $14,492
Total Net Assets Fund Balance$3,317$17,809▲ $14,492
Total Liabilities and Net Assets / Fund Balance$6,637$75,449▲ $68,812
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Shelton D ShatteenExecutive DirectorceoFT$23,500$23,500

Board Members and Trustees

NameTitle
Salinia ShatteenSecretarycfo
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$225,294
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$10,938
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$174,043
Salaries, Compensation, and Employee Benefits$40,313
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$56,466$3,033-$59,499
Occupancy$38,509--$38,509
Other Salaries and Wages$36,780--$36,780
All Other Expenses$24,536$3,989-$28,525
Office Expenses-$18,451-$18,451
Insurance$16,989--$16,989
Travel$3,912--$3,912
Payroll Taxes$3,533--$3,533
Advertising-$455-$455
Other Expenses$250--$250
Total Functional Expenses$188,428$25,928$0$214,356
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Shelton d shatteen, the executive director/ceo is a related party to salinia shatteen, his wife. Together they help run the day to day operations of golden bridges assisted living inc.

Form 990 governing body review Part VI line 11

The form 990 is reviewed with the board of directors prior to its actual filing.

Governing documents etc available to public Part VI line 19

The organization documentation are available for inspection by the public after a request is submitted to the executive director/ceo in writing. The executive director will then schedule the appointment. The turnaround time for scheduling the appointment will depend on the various competiting priorities within the organization at the time of the request.

Filing and Contact Details

Filer

Filer Name
Golden Bridges Assisted Living Inc
EIN
47-5544300
Address
3186 EVANS MILL RD, LITHONIA, GA 30038

Signing Officer

Name
Shelton D Shatteen
Title
Executive Direc
Phone
4702685600
Signed
2021-03-25
Discuss with paid preparer
No

Organization Details

Formed
2010
Legal Domicile
Ga
Voting Board Members
2
Independent Board Members
1
Employees
5
Volunteers
5

Preparer

Firm
Accounting & Tax Advisory Group Pc
Address
555 N POINT CTR E STE 400, ALPHARETTA, GA 30022
Preparer
Riolene J Ibok
Phone
7705586338
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Cares act ppp loan of 20,833.00

List of other fees for services expenses Part IX line 11G

Other fees for services include subcontractors expense of 56465.64 and legal and professional fees 3,032.54.

List of other expenses Part IX line 24E

Refer to overflow statement for detail of other expenses.

General explanation attachment

Statement 1 - mission: to provide low income elderly residents and those with various disabilities with an array of supportive and essential services including but not limited to life skills, budgeting classes and the opportunity to live in a safe and secure supportive housing environment with supports and other essential services to maintain daily living. These essential services include medication monitoring, community events, transportation to acess services and other supportive services to residents.statement 2 - service offeringsour goal is to provide residents with a service experience that they will be pleased with. Included in our services are 24 hour observation and supervision, complete medication management and assistance, personal laundry and linen service,physical and speech therapy, scheduled transportation, and respite stays. Theres not much we wont do because our goal is to serve beyond clients expectation!2019 and beyondsince our inception, golden bridges assisted living inc has served over 200 individuals in a safe home environment that responds to each residents specific requirements. Because of the demand in our community for such level of care, we are exploring expansion opportunities within the next two years. Through the generosity of individual donors and grants, we are expanding our service care delivery model to underserved communities in metro atlanta.we have also partnered with helping hands. In partnership with helping hands, we have created community events such as arts and crafts, health and beauty spa days and many other activities that foster joy during their time of need.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SHELTON D SHATTEEN, THE EXECUTIVE DIRECTOR/CEO IS A RELATED PARTY TO SALINIA SHATTEEN, HIS WIFE. TOGETHER THEY HELP RUN THE DAY TO DAY OPERATIONS OF GOLDEN BRIDGES ASSISTED LIVING INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED WITH THE BOARD OF DIRECTORS PRIOR TO ITS ACTUAL FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOCUMENTATION ARE AVAILABLE FOR INSPECTION BY THE PUBLIC AFTER A REQUEST IS SUBMITTED TO THE EXECUTIVE DIRECTOR/CEO IN WRITING. THE EXECUTIVE DIRECTOR WILL THEN SCHEDULE THE APPOINTMENT. THE TURNAROUND TIME FOR SCHEDULING THE APPOINTMENT WILL DEPEND ON THE VARIOUS COMPETITING PRIORITIES WITHIN THE ORGANIZATION AT THE TIME OF THE REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CARES ACT PPP LOAN OF 20,833.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER FEES FOR SERVICES INCLUDE SUBCONTRACTORS EXPENSE OF 56465.64 AND LEGAL AND PROFESSIONAL FEES 3,032.54.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REFER TO OVERFLOW STATEMENT FOR DETAIL OF OTHER EXPENSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6STATEMENT 1 - MISSION: TO PROVIDE LOW INCOME ELDERLY RESIDENTS AND THOSE WITH VARIOUS DISABILITIES WITH AN ARRAY OF SUPPORTIVE AND ESSENTIAL SERVICES INCLUDING BUT NOT LIMITED TO LIFE SKILLS, BUDGETING CLASSES AND THE OPPORTUNITY TO LIVE IN A SAFE AND SECURE SUPPORTIVE HOUSING ENVIRONMENT WITH SUPPORTS AND OTHER ESSENTIAL SERVICES TO MAINTAIN DAILY LIVING. THESE ESSENTIAL SERVICES INCLUDE MEDICATION MONITORING, COMMUNITY EVENTS, TRANSPORTATION TO ACESS SERVICES AND OTHER SUPPORTIVE SERVICES TO RESIDENTS.STATEMENT 2 - SERVICE OFFERINGSOUR GOAL IS TO PROVIDE RESIDENTS WITH A SERVICE EXPERIENCE THAT THEY WILL BE PLEASED WITH. INCLUDED IN OUR SERVICES ARE 24 HOUR OBSERVATION AND SUPERVISION, COMPLETE MEDICATION MANAGEMENT AND ASSISTANCE, PERSONAL LAUNDRY AND LINEN SERVICE,PHYSICAL AND SPEECH THERAPY, SCHEDULED TRANSPORTATION, AND RESPITE STAYS. THERES NOT MUCH WE WONT DO BECAUSE OUR GOAL IS TO SERVE BEYOND CLIENTS EXPECTATION!2019 AND BEYONDSINCE OUR INCEPTION, GOLDEN BRIDGES ASSISTED LIVING INC HAS SERVED OVER 200 INDIVIDUALS IN A SAFE HOME ENVIRONMENT THAT RESPONDS TO EACH RESIDENTS SPECIFIC REQUIREMENTS. BECAUSE OF THE DEMAND IN OUR COMMUNITY FOR SUCH LEVEL OF CARE, WE ARE EXPLORING EXPANSION OPPORTUNITIES WITHIN THE NEXT TWO YEARS. THROUGH THE GENEROSITY OF INDIVIDUAL DONORS AND GRANTS, WE ARE EXPANDING OUR SERVICE CARE DELIVERY MODEL TO UNDERSERVED COMMUNITIES IN METRO ATLANTA.WE HAVE ALSO PARTNERED WITH HELPING HANDS. IN PARTNERSHIP WITH HELPING HANDS, WE HAVE CREATED COMMUNITY EVENTS SUCH AS ARTS AND CRAFTS, HEALTH AND BEAUTY SPA DAYS AND MANY OTHER ACTIVITIES THAT FOSTER JOY DURING THEIR TIME OF NEED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other expenses Part IX line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6General explanation attachment
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