Civic Intelligence

The Givens Estates Inc

990 • Fiscal year 2019 • EIN 51-0199312

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 31, 2020

2360 Sweeten Creek RoadAsheville, NC 28803

(828) 274-4800

Siviq Scores

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

Liabilities / Assets

84th percentile

0.81x

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

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

87th percentile

3.20x

Higher debt load relative to revenue than 87% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Net Margin

70th percentile

12%

Higher net margin than 70% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

48th percentile

$462,266

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Asset Growth

62nd percentile

7.9%

Faster asset growth than 62% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

58th percentile

6.0%

Faster revenue growth than 58% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Assets

Up

$241,536,641

Up $17,693,014 (+7.9%) from 2018

Net Assets

Up

$44,820,921

Up $11,814,483 (+36%) from 2018

Liabilities

Up

$196,715,720

Up $5,878,531 (+3.1%) from 2018

Revenue

Up

$61,521,897

Up $3,481,449 (+6.0%) from 2018

Expenses

Up

$54,296,785

Up $4,714,217 (+9.5%) from 2018

Net Income

Down

$7,225,112

Down $1,232,768 (-15%) from 2018

Historical Trend

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2010: $140,506,674Liabilities 2010: $127,269,590Net Assets 2010: $13,237,0842010Assets 2011: $139,261,972Liabilities 2011: $122,671,827Net Assets 2011: $16,590,1452011Assets 2012: $169,374,916Liabilities 2012: $158,444,066Net Assets 2012: $10,930,8502012Assets 2013: $173,379,829Liabilities 2013: $158,884,790Net Assets 2013: $14,495,0392013Assets 2014: $177,765,485Liabilities 2014: $161,914,048Net Assets 2014: $15,851,4372014Assets 2015: $182,843,902Liabilities 2015: $168,548,723Net Assets 2015: $14,295,1792015Assets 2016: $202,302,972Liabilities 2016: $181,771,427Net Assets 2016: $20,531,5452016Assets 2017: $214,002,038Liabilities 2017: $185,679,485Net Assets 2017: $28,322,5532017Assets 2018: $223,843,627Liabilities 2018: $190,837,189Net Assets 2018: $33,006,4382018Assets 2019: $241,536,641Liabilities 2019: $196,715,720Net Assets 2019: $44,820,9212019Assets 2020: $262,529,502Liabilities 2020: $202,800,853Net Assets 2020: $59,728,6492020Assets 2021: $338,452,219Liabilities 2021: $259,356,395Net Assets 2021: $79,095,8242021Assets 2022: $353,131,640Liabilities 2022: $269,328,055Net Assets 2022: $83,803,5852022Assets 2023: $383,968,447Liabilities 2023: $282,343,762Net Assets 2023: $101,624,6852023Assets 2024: $416,171,400Liabilities 2024: $292,795,542Net Assets 2024: $123,375,8582024

Highlighted filing

2019

Assets$241,536,641
Liabilities$196,715,720
Net Assets$44,820,921

Operations Trend

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

$150M$100M$50M$0-$50MExpenses 2010: $24,662,3112010Expenses 2011: $24,535,2662011Revenue 2012: $29,535,192Expenses 2012: $27,607,796Net Income 2012: $1,927,3962012Revenue 2013: $44,241,814Expenses 2013: $41,703,745Net Income 2013: $2,538,0692013Revenue 2014: $47,454,466Expenses 2014: $43,113,553Net Income 2014: $4,340,9132014Revenue 2015: $44,698,674Expenses 2015: $44,756,753Net Income 2015: -$58,0792015Revenue 2016: $51,560,710Expenses 2016: $47,609,626Net Income 2016: $3,951,0842016Revenue 2017: $52,564,521Expenses 2017: $46,523,502Net Income 2017: $6,041,0192017Revenue 2018: $58,040,448Expenses 2018: $49,582,568Net Income 2018: $8,457,8802018Revenue 2019: $61,521,897Expenses 2019: $54,296,785Net Income 2019: $7,225,1122019Revenue 2020: $64,590,409Expenses 2020: $53,621,997Net Income 2020: $10,968,4122020Revenue 2021: $72,683,846Expenses 2021: $55,452,723Net Income 2021: $17,231,1232021Revenue 2022: $71,456,797Expenses 2022: $58,352,449Net Income 2022: $13,104,3482022Revenue 2023: $79,993,556Expenses 2023: $68,908,942Net Income 2023: $11,084,6142023Revenue 2024: $103,443,220Expenses 2024: $82,609,413Net Income 2024: $20,833,8072024

Highlighted filing

2019

Revenue$61,521,897
Expenses$54,296,785
Net Income$7,225,112
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 31, 2020
Return Version
2019v5.1
Gross Receipts
$61,521,897
Mission and Program Overview

Mission

Givens estates united methodist retirement community is a christian, ecumenical, not-for-profit corporation committed to providing the full continuum of quality care and services to seniors within its community and to providing outreach ministries in the larger community.since its inception in 1975, our goal is to optimize the quality of life for residents and staff by encouraging a healthy and balanced lifestyle. Through our ongoing commitment to wellness--integrating mind, body and spirit--givens estates is dedicated to meeting the emerging needs of current and future residents in finding fulfillment, dignity and purpose in daily living

Vision statement: expanding the possibilities for aging mission statement: improving lives through communities, services, and outreach core values our core values are commitment, caring, courage and collaboration

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$154,603,690$154,592,604▼ $11,086
Investments in Publicly Traded Securities$46,741,175$54,383,357▲ $7,642,182
Savings and Temporary Cash Investments$9,050,685$21,530,982▲ $12,480,297
Intangible Assets$8,227,243$6,110,965▼ $2,116,278
Accounts Receivable$3,309,656$3,675,309▲ $365,653
Prepaid Expenses and Deferred Charges$583,666$579,017▼ $4,649
Pledges and Grants Receivable$178,534$243,449▲ $64,915
Cash and Non-Interest-Bearing Accounts$2,087$2,109▲ $22
Total Assets$223,843,627$241,536,641▲ $17,693,014
Other Assets Total$1,146,891$418,849▼ $728,042
Liabilities
Deferred Revenue$114,677,062$121,102,824▲ $6,425,762
Tax Exempt Bond Liabilities$48,535,000$45,760,000▼ $2,775,000
Mortgage Notes Payable Secured by Investment Property$21,080,703$22,054,135▲ $973,432
Accounts Payable and Accrued Expenses$5,546,045$6,381,696▲ $835,651
Other Liabilities$998,379$1,417,065▲ $418,686
Total Liabilities$190,837,189$196,715,720▲ $5,878,531
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$25,377,353$36,015,347▲ $10,637,994
Net Assets With Donor Restrictions$7,629,085$8,805,574▲ $1,176,489
Total Net Assets Fund Balance$33,006,438$44,820,921▲ $11,814,483
Total Liabilities and Net Assets / Fund Balance$223,843,627$241,536,641▲ $17,693,014

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$133,125,462$54,629,764$187,755,226
Equipment$6,896,138$6,741,552$13,637,690
Other Land Buildings$8,143,651$1,118,747$9,262,398
Land$6,427,353-$6,427,353
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kenneth PartinCEOFT$330,650$131,616$462,266
Allen SquiresCFOFT$216,340$103,947$320,287
John CowanExecutive Director - EstatesFT$204,008$87,068$291,076
Kenneth KramerExecutive Director - Highland FarmsFT$130,576$55,123$185,699
Amy StatonHr DirectorFT$126,663$33,918$160,581
Robin SuddrethDirector of Health Services - EstatesFT$133,874$15,052$148,926
Richard FoorTechnology DirectorFT$119,654$27,321$146,975
Jeanne LaroeMarketing Director - Givens EstatesFT$120,682$22,836$143,518

Highest Paid Contractors

ContractorServicesLocationCompensation
Frank L Blum Construction CoConstructionPO BOX 4153, Winstonsalem, NC 27115$2,105,086
Rlps Ii LLPArchitecture250 VALLEYBROOK DRIVE, Lancaster, PA 17601$1,630,721
Healthpro HeritageTherapyPO BOX 69268, Baltimore, MD 21264$1,433,879
US FoodserviceFood ServicePO BOX 602292, Charlotte, NC 28260$1,381,897
Wright's CarpetConstruction1800 US 70, Swannanoa, NC 28778$644,287
Revenue and Support

Revenue Composition

Contributions and Grants
$1,399,100
Program Service Revenue
$58,414,084
Investment Income
$1,278,244
Other Revenue
$430,469
All Other Contributions
$1,399,100
Change in Net Assets
$7,225,112

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$57,399Fair Market Value (FMV)
Securities Publicly Traded2$55,702Fair Market Value (FMV)
Other Non Cash Contri Table2$10,000-
Food Inventory2$3,134Fair Market Value (FMV)
Books and Publications-$6Fair Market Value (FMV)
Total Noncash Contributions7$126,241-

Audited Revenue Reconciliation

Revenue per Audited Statements
$61,115,235
Revenue Not Reported on Financial Statements
$406,662
Revenue Not Reported on Form 990
$5,237,327
Other Revenue Adjustments
$406,662
Total Revenue per Audited Statements
$66,352,562
Total Revenue per Form 990
$61,521,897
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$27,473,024
Salaries, Compensation, and Employee Benefits$25,933,934
Grants and Similar Amounts Paid$889,827
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$15,225,933$4,293,514-$19,519,447
Depreciation Depletion$9,151,303--$9,151,303
Office Expenses$3,262,415$268,422-$3,530,837
Occupancy$3,294,788--$3,294,788
Other Employee Benefits$2,430,115$839,889-$3,270,004
Fees for Services Other$2,127,331$33,963-$2,161,294
Interest$2,150,453--$2,150,453
Advertising$519,477$1,014,378-$1,533,855
Payroll Taxes$1,108,497$383,115-$1,491,612
Current Officers, Directors, Trustees, and Key Employees-$968,823-$968,823
Grants to Domestic Individuals$745,780--$745,780
Pension Plan Contributions$508,353$175,695-$684,048
Information Technology$573,751$40,621-$614,372
Insurance$310,015$267,949-$577,964
Other Expenses$248,241$30,184-$278,425
All Other Expenses$204,899$7,740-$212,639
Travel$164,403$10,442-$174,845
Grants to Domestic Orgs$144,047--$144,047
Fees for Services Accounting-$121,321-$121,321
Fees for Services Legal-$66,429-$66,429
Total Functional Expenses$45,722,624$8,574,161$0$54,296,785

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$54,296,785
Expenses per Audited Statements$53,890,123
Total Expenses per Audited Statements$53,890,123
Expenses Not Reported on Financial Statements$406,662
Other Expense Adjustments$406,662
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mountain Area Health Education CenterAsheville, NC501(c)(3)Geriatric Consultation Service$36,500
MemorycareAsheville, NC501(c)(3)Community Improvement$25,049
United Way of Asheville and Buncombe County IncAsheville, NC501(c)(3)Community Improvement$19,653
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
Advance Admission Deposits$999,434
Interest Rate Swap Agreement$305,722
Bond Interest Payable$111,909

Bond Issues

BondIssuerIssuedIssue PricePurpose
APublic Finance Authority2017-04-05$52,980,000Refunding bonds - series 2017

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$52,721,348$52,721,348$2,775,000$258,652

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
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

Form 990, Part VI, Section A, Line 1

The executive committee shall consist of the chairperson, vice chairperson, secretary and treasurer of the corporation and the chairperson of such standing committees of the board as the board may from time to time designate as being additional members of the executive committee. Except as to such powers as the board may expressly reserve to itself by formal resolution, the executive committee shall exercise the powers of the board of directors when the board is not in session in accordance with and as limited by the policies and budgets established by the entire board. The executive committee's actions shall be reported to the board of directors at the next regular or special meeting of the board.

Form 990, Part VI, Section A, Line 7A

The affairs of the corporation shall be managed by its board of directors, which shall consist of a minimum of twenty four persons in number from time to time and who shall be selected by the western north carolina annual conference of the united methodist church.

Form 990, Part VI, Section B, Line 11B

The audit committee reviewed the form 990 first and issued a recommendation to the board that they review the 990 and approve for it to be filed. All board members received a copy of the 990 prior to the next board meeting and made a motion that they have reviewed the 990 and took the recommendation of the audit committee to file as presented.

Form 990, Part VI, Section B, Line 12C

The board is required to sign a conflict of interest policy annually. When an individual becomes aware of a new conflict, he or she must fill out another conflict of interest form. If a board member does have a conflict, he or she should acknowledge the conflict and excuse themselves from discussing or voting on an issue where there is a conflict. If anyone becomes aware of a board member not acknowledging a conflict, we make the board chairperson aware of the issue and act accordingly.

Form 990, Part VI, Section B, Line 15

The givens estates has developed an executive compensation policy that provides a broad-based foundation for a fair, reasonable, and competitive compensation package for the executive leadership. The compensation packages are determined annually commensurate with their performance evaluations. The executive committee reviews job performance and comparative compensation market data to make recommendations to the full board for approval. Outside independent consultants are engaged to ensure reasonableness of the compensation packages.

Form 990, Part VI, Section C, Line 18

The organization's form 1023, form 990, and form 990-t are made available upon request at the administrative office. The form 990 can also be accessed through guidestar.org, a non-profit website.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, financial statements and conflict of interest policy are made available upon request at the administrative office. The financial statements are posted on emma website and guidestar website as well.

Filing and Contact Details

Filer

Filer Name
The Givens Estates Inc
EIN
51-0199312
Phone
8282744800
Address
2360 SWEETEN CREEK ROAD, ASHEVILLE, NC 28803

Signing Officer

Name
Allen Squires
Title
CFO
Phone
8287712214
Signed
2020-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Partin
Formed
1975
Legal Domicile
Nc
Voting Board Members
40
Independent Board Members
40
Employees
785
Volunteers
730

Preparer

Firm
Dixon Hughes Goodman Llp
Address
500 RIDGEFIELD COURT, ASHEVILLE, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Adoption of asc 606 -647,956.

Form 990. Part XII, Line 2C

The process has not changed since the prior year.

Financial Statement Notes

PART X, LINE 2:

The company is exempt from federal income taxes under section 501 (c) (3) of the internal revenue code; accordingly, the accompanying consolidated financial statements do not reflect a provision or liability for federal and state income taxes. The company has determined that it does not have any material unrecognized tax benefits or obligations as of december 31, 2019.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Grants in revenue 406,662.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Grants in revenue 406,662.

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IRS990/Desc0GIVENS PROVIDES HOUSING, SUPPORT AND HEALTH AND WELLNESS SERVICES FOR APPROXIMATELY 1,450 SENIORS ON ITS FOUR CAMPUSES. THIS IS DONE BY PROVIDING HOUSING AND HEALTH CARE FOR SENIORS OF ALL ECONOMIC LEVELS. THIS EFFORT REQUIRES ASSISTANCE FUNDS WHICH ARE SECURED THROUGH CHARITABLE SUPPORT, EARNINGS FROM ENDOWMENTS, AND OPERATING REVENUES. THROUGH OUTREACH ENDEAVORS GIVENS IMPACTS APPROXIMATELY 6,000 INDIVIDUALS ANNUALLY THROUGH WELLNESS AND HEALTH EDUCATION, MEDICATION ASSISTANCE, MEALSITES, MEDICAL EQUIPMENT LOAN CLOSETS, BABY EQUIPMENT AND RESOURCES CLOSETS, DIABETES AND OTHER CHRONIC DISEASE MANAGEMENT EDUCATION, AND A COMMUNITY NURSE TO HELP OUR LOWER INCOME RESIDENTS NAVIGATE THE HEALTHCARE ENVIRONMENT.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$416$293$123$103$82.6$20.8
2023Detailed filing. Detailed filing data is available for this year.$384$282$102$80.0$68.9$11.1
2022Detailed filing. Detailed filing data is available for this year.$353$269$83.8$71.5$58.4$13.1
2021Detailed filing. Detailed filing data is available for this year.$338$259$79.1$72.7$55.5$17.2
2020Detailed filing. Detailed filing data is available for this year.$263$203$59.7$64.6$53.6$11.0
2019Detailed filing. Detailed filing data is available for this year.$242$197$44.8$61.5$54.3$7.23
2018Detailed filing. Detailed filing data is available for this year.$224$191$33.0$58.0$49.6$8.46
2017Detailed filing. Detailed filing data is available for this year.$214$186$28.3$52.6$46.5$6.04
2016Detailed filing. Detailed filing data is available for this year.$202$182$20.5$51.6$47.6$3.95
2015Detailed filing. Detailed filing data is available for this year.$183$169$14.3$44.7$44.8$0.06
2014Detailed filing. Detailed filing data is available for this year.$178$162$15.9$47.5$43.1$4.34
2013Detailed filing. Detailed filing data is available for this year.$173$159$14.5$44.2$41.7$2.54
2012Summary only. Only limited summary data is available for this year.$169$158$10.9$29.5$27.6$1.93
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$139$123$16.6$24.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$141$127$13.2$24.7