Civic Intelligence

John M Reed Home for the Aged

990 • Fiscal year 2017 • EIN 62-0755544

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 13, 2017

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

96th percentile

1.41x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

100th percentile

254.31x

Higher debt load relative to revenue than 100% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

1st percentile

-1226%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

16th percentile

-6.4%

Faster asset growth than 16% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-98%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,752,890

Down $119,452 (-6.4%) from 2016

Net Assets

Down

-$723,819

Down $119,415 (-20%) from 2016

Liabilities

Down

$2,476,709

Down $37 (-0.0%) from 2016

Revenue

Down

$9,739

Down $379,885 (-98%) from 2016

Expenses

Down

$129,154

Down $585,280 (-82%) from 2016

Net Income

Up

-$119,415

Up $205,395 (+63%) from 2016

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

2017

Assets$1,752,890
Liabilities$2,476,709
Net Assets-$723,819

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

2017

Revenue$9,739
Expenses$129,154
Net Income-$119,415
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 13, 2017
Return Version
2016v3.0
Gross Receipts
$17,868
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$1,859,548$1,749,325▼ $110,223
Loans From Officers Directors$19,000$29,626▲ $10,626
Cash and Non-Interest-Bearing Accounts$12,794$3,565▼ $9,229
Total Assets$1,872,342$1,752,890▼ $119,452
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,453,246$2,447,083▼ $6,163
Other Liabilities$4,500$0▼ $4,500
Total Liabilities$2,476,746$2,476,709▼ $37
Net Assets / Fund Balance
Unrestricted Net Assets$-604,404$-723,819▼ $119,415
Total Net Assets Fund Balance$-604,404$-723,819▼ $119,415
Total Liabilities and Net Assets / Fund Balance$1,872,342$1,752,890▼ $119,452

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,588,733$2,519,311$4,108,044
Equipment$88,779$775,546$864,325
Land$71,813-$71,813
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sandra JaynesChairman
Dr Dale GrantVice-chairman
Bob CutshawDirector
Brenda PedersonDirector
Craig RhyneDirector
Daryl VanceDirector
Dr Florence WeierbachDirector
Harold HayesDirector
Jane CollinsDirector
Jim MccrackenDirector
Lavon JonesDirector
Patricia NealDirector
Sammie TilsonDirector
Santo CicerelloDirector
Sharon LewisSecretary / Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,983
Program Service Revenue
$6,120
Investment Income
$-4,129
Other Revenue
$3,765
All Other Contributions
$3,983
Change in Net Assets
$-119,415
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$118,807
Salaries, Compensation, and Employee Benefits$10,347
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$51,122$51,122-$102,244
Other Salaries and Wages$5,173$5,174-$10,347
Occupancy$2,913$2,913-$5,826
Interest$2,505$2,505-$5,010
Fees for Services Other$625$625-$1,250
Other Expenses$141$141-$282
Office Expenses$3$3-$6
Total Functional Expenses$64,576$64,578$0$129,154
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$19,000$29,626▲ $10,626
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
No

Governance Explanations

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

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
2017-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sandra Jaynes
Formed
1958
Legal Domicile
Tn
Voting Board Members
15
Independent Board Members
15
Employees
29
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/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0114097
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt028
IRS990/PYOtherExpensesAmt0516460
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0275499
IRS990/PYRevenuesLessExpensesAmt0-324810
IRS990/PYSalariesCompEmpBnftPaidAmt0197974
IRS990/PYTotalExpensesAmt0714434
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0389624
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-119415
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt03983
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0114097
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt09437
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt042482
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0144164
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0314163
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt028
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt026
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt045
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0104
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0203
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt06120
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0275499
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0360000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0320351
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02094888
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03056858
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt028
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt026
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt045
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0104
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0203
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt03371021
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt010103
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0389596
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0369437
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0362833
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02239052
IRS990ScheduleA/Total509Grp/TotalAmt03371021
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt010103
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0389624
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0369463
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0362878
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02239156
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03371224
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01588733
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02519311
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04108044
IRS990ScheduleD/EquipmentGrp/BookValueAmt088779
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0775546
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0864325
IRS990ScheduleD/LandGrp/BookValueAmt071813
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt071813
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01749325
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt029626
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATING EXPENSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt019000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0SANDRA JAYNES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD CHAIR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt029626
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A 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/ExplanationTxt1AT 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/ExplanationTxt2THE BOARD OF DIRECTORS DETERMINES COMPENSATION FOR THE ADMINISTRATOR OF THE HOME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE HOME MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN

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