Civic Intelligence

John M Reed Home for the Aged

990 • Fiscal year 2015 • EIN 62-0755544

Jul 01, 2014 to Jun 30, 2015 • Filed on Sep 22, 2015

PO Box 128Limestone, TN 37681

(423) 257-6122

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.13x

Higher debt load relative to assets than 93% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

96th percentile

6.79x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

10th percentile

-30%

Higher net margin than 10% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

16th percentile

-7.5%

Faster asset growth than 16% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

35th percentile

-1.7%

Faster revenue growth than 35% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$2,228,222

Down $180,630 (-7.5%) from 2014

Net Assets

Down

-$279,594

Down $110,214 (-65%) from 2014

Liabilities

Down

$2,507,816

Down $70,416 (-2.7%) from 2014

Revenue

Down

$369,463

Down $6,416 (-1.7%) from 2014

Expenses

Up

$479,677

Up $79,657 (+20%) from 2014

Net Income

Down

-$110,214

Down $86,073 (-357%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2012: $2,766,139Liabilities 2012: $2,889,364Net Assets 2012: -$123,2252012Assets 2013: $2,603,840Liabilities 2013: $2,667,288Net Assets 2013: -$63,4482013Assets 2014: $2,408,852Liabilities 2014: $2,578,232Net Assets 2014: -$169,3802014Assets 2015: $2,228,222Liabilities 2015: $2,507,816Net Assets 2015: -$279,5942015Assets 2016: $1,872,342Liabilities 2016: $2,476,746Net Assets 2016: -$604,4042016Assets 2017: $1,752,890Liabilities 2017: $2,476,709Net Assets 2017: -$723,8192017Assets 2018: $42,479Liabilities 2018: $0Net Assets 2018: $42,4792018Assets 2019: $93,788Liabilities 2019: $0Net Assets 2019: $93,7882019Assets 2020: $91,850Liabilities 2020: $0Net Assets 2020: $91,8502020Assets 2021: $89,095Liabilities 2021: $0Net Assets 2021: $89,0952021Assets 2022: $88,055Liabilities 2022: $0Net Assets 2022: $88,0552022

Highlighted filing

2015

Assets$2,228,222
Liabilities$2,507,816
Net Assets-$279,594

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $4,001,911Expenses 2012: $3,374,612Net Income 2012: $627,2992012Expenses 2013: $2,274,8162013Revenue 2014: $375,879Expenses 2014: $400,020Net Income 2014: -$24,1412014Revenue 2015: $369,463Expenses 2015: $479,677Net Income 2015: -$110,2142015Revenue 2016: $389,624Expenses 2016: $714,434Net Income 2016: -$324,8102016Revenue 2017: $9,739Expenses 2017: $129,154Net Income 2017: -$119,4152017Revenue 2018: $900,472Expenses 2018: $134,174Net Income 2018: $766,2982018Revenue 2019: $52,705Expenses 2019: $1,396Net Income 2019: $51,3092019Revenue 2020: $0Expenses 2020: $1,938Net Income 2020: -$1,9382020Revenue 2021: $0Expenses 2021: $2,755Net Income 2021: -$2,7552021Revenue 2022: $0Expenses 2022: $1,040Net Income 2022: -$1,0402022

Highlighted filing

2015

Revenue$369,463
Expenses$479,677
Net Income-$110,214
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Sep 22, 2015
Return Version
2014v5.0
Gross Receipts
$369,463
Mission and Program Overview

Mission

To offer an affordable solution to continuing care needs and to provide for our residents' professional quality care with spiritual enrichment and a full life for all ages in a comfortable, secure home-like environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,084,608$1,968,029▼ $116,579
Savings and Temporary Cash Investments$123,400$260,193▲ $136,793
Accounts Receivable$200,844--
Total Assets$2,408,852$2,228,222▼ $180,630
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,573,732$2,503,316▼ $70,416
Other Liabilities$4,500$4,500→ $0
Total Liabilities$2,578,232$2,507,816▼ $70,416
Net Assets / Fund Balance
Unrestricted Net Assets$-169,380$-279,594▼ $110,214
Total Net Assets Fund Balance$-169,380$-279,594▼ $110,214
Total Liabilities and Net Assets / Fund Balance$2,408,852$2,228,222▼ $180,630

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,755,805$2,352,239$4,108,044
Equipment$132,432$731,893$864,325
Land$79,792-$79,792
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sandra JaynesChairman
Dr Dale GrantVice-chairman
Amy WilsonDirector
Bo DeatonDirector
Bob CutshawDirector
Daryl VanceDirector
Florence WeierbachDirector
Harold HayesDirector
Jim MccrackenDirector
Patricia NealDirector
Roger GillinDirector
Sammie TilsonDirector
Santo CicerelloDirector
Sharon LewisSecretary / Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,437
Program Service Revenue
$360,000
Investment Income
$26
Other Revenue
$0
All Other Contributions
$9,437
Change in Net Assets
$-110,214
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$477,677
Grants and Similar Amounts Paid$2,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$61,268$61,269-$122,537
Depreciation Depletion$58,289$58,290-$116,579
Fees for Services Accounting$6,882$6,883-$13,765
Occupancy$3,314$3,314-$6,628
Fees for Services Legal$1,816$1,817-$3,633
All Other Expenses$1,251$1,253-$2,504
Grants to Domestic Orgs$2,000--$2,000
Other Expenses$902$902-$1,804
Insurance$811$811-$1,622
Office Expenses$182$182-$364
Total Functional Expenses$240,835$238,842$0$479,677
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
Security Deposits Held$4,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
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, Part VI, Section A, Line 3

Beginning april 1, 2013, the john m reed home for the aged, inc. Delegated day to day control of its management duties by signing a management agreement that allows operation of the beds and assisted living facilities.

Form 990, Part VI, Section B, Line 11

A complete copy of the organization's final form 990 (including all required schedules), as ultimately filed with the irs, was provided to each person who was a voting member of the governing body at the time the form 990 was provided, whether in paper or electronic form, before its filing with the irs.

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

At board meetings discussion is held regarding the conflict of interest policy which is in place and members are advised to discuss any issues or concerns they may have at that time.

Form 990, Part VI, Section B, Line 15A

The board of directors determines compensation for the administrator of the home.

Form 990, Part VI, Section C, Line 19

The home makes its governing documents, conflict of interest policy and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
John M Reed Home for the Aged
EIN
62-0755544
Phone
4232576122
Address
PO BOX 128, LIMESTONE, TN 37681

Signing Officer

Name
Sandra Jaynes
Title
Chairman
Phone
4232576122
Signed
2015-09-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sandra Jaynes
Formed
1958
Legal Domicile
Tn
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
0

Preparer

Firm
Blackburn Childers & Steagall Plc
Address
801B SUNSET DRIVE, JOHNSON CITY, TN 37604-3033
Preparer
Wade Farmer
Phone
4232824511
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IRS990/PYRevenuesLessExpensesAmt0-24141
IRS990/PYSalariesCompEmpBnftPaidAmt032926
IRS990/PYTotalExpensesAmt0400020
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0375879
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-110214
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0360000
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0123400
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0260193
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt09437
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt042482
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0144164
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt024521
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt081403
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0302007
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt026
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt045
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0104
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0542
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01055
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01772
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0360000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0320351
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02094888
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03969828
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03468029
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt010213096
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt026
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt045
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0104
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0542
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01055
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01772
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt010515103
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0369437
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0362833
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02239052
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03994349
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03549432
IRS990ScheduleA/Total509Grp/TotalAmt010515103
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0369463
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0362878
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02239156
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03994891
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03550487
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt010516875
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01755805
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02352239
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04108044
IRS990ScheduleD/EquipmentGrp/BookValueAmt0132432
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0731893
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0864325
IRS990ScheduleD/LandGrp/BookValueAmt079792
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt079792
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS HELD
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01968029
IRS990ScheduleD/TotalLiabilityAmt04500
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BEGINNING APRIL 1, 2013, THE JOHN M REED HOME FOR THE AGED, INC. DELEGATED DAY TO DAY CONTROL OF ITS MANAGEMENT DUTIES BY SIGNING A MANAGEMENT AGREEMENT THAT ALLOWS OPERATION OF THE BEDS AND ASSISTED LIVING FACILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COMPLETE COPY OF THE ORGANIZATION'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, WAS PROVIDED TO EACH PERSON WHO WAS A VOTING MEMBER OF THE GOVERNING BODY AT THE TIME THE FORM 990 WAS PROVIDED, WHETHER IN PAPER OR ELECTRONIC FORM, BEFORE ITS FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AT BOARD MEETINGS DISCUSSION IS HELD REGARDING THE CONFLICT OF INTEREST POLICY WHICH IS IN PLACE AND MEMBERS ARE ADVISED TO DISCUSS ANY ISSUES OR CONCERNS THEY MAY HAVE AT THAT TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS DETERMINES COMPENSATION FOR THE ADMINISTRATOR OF THE HOME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE HOME MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0JOHN M REED FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0621791711
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROVIDE SUPPORT TO JOHN M REED HOME FOR THE AGED, INC.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0509(A)(2)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0124 JOHN M REED NURSING HOME ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LIMESTONE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd037681
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt02000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST/FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0JOHN M REED FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B

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