Civic Intelligence

Alabama Baptist Retirement Centers Inc.

990 • Fiscal year 2017 • EIN 63-0723319

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 27, 2018

PO Box 11870Montgomery, AL 36111-0870

(334) 288-2460

Siviq Scores

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

Liabilities / Assets

46th percentile

0.07x

Higher debt load relative to assets than 46% of similar nonprofits.

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

Liabilities / Revenue

53rd percentile

0.11x

Higher debt load relative to revenue than 53% of similar nonprofits.

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

Net Margin

95th percentile

70%

Higher net margin than 95% 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

96th percentile

106%

Faster asset growth than 96% of similar nonprofits.

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

Revenue Growth

95th percentile

158%

Faster revenue growth than 95% of similar nonprofits.

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

Assets

Up

$2,940,185

Up $1,509,855 (+106%) from 2016

Net Assets

Up

$2,728,703

Up $1,386,139 (+103%) from 2016

Liabilities

Up

$211,482

Up $123,716 (+141%) from 2016

Revenue

Up

$1,864,535

Up $1,141,906 (+158%) from 2016

Expenses

Down

$565,386

Down $34,660 (-5.8%) from 2016

Net Income

Up

$1,299,149

Up $1,176,566 (+960%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,448,906Liabilities 2010: $6,398Net Assets 2010: $1,442,5082010Assets 2011: $1,709,916Liabilities 2011: $172,878Net Assets 2011: $1,537,0382011Assets 2012: $1,847,264Liabilities 2012: $157,691Net Assets 2012: $1,689,5732012Assets 2013: $2,033,080Liabilities 2013: $143,515Net Assets 2013: $1,889,5652013Assets 2014: $1,288,850Liabilities 2014: $131,114Net Assets 2014: $1,157,7362014Assets 2015: $1,297,835Liabilities 2015: $120,624Net Assets 2015: $1,177,2112015Assets 2016: $1,430,330Liabilities 2016: $87,766Net Assets 2016: $1,342,5642016Assets 2017: $2,940,185Liabilities 2017: $211,482Net Assets 2017: $2,728,7032017Assets 2018: $2,996,822Liabilities 2018: $190,902Net Assets 2018: $2,805,9202018Assets 2019: $3,181,977Liabilities 2019: $119,805Net Assets 2019: $3,062,1722019Assets 2020: $3,583,961Liabilities 2020: $3,114Net Assets 2020: $3,580,8472020Assets 2021: $3,927,445Liabilities 2021: $17,878Net Assets 2021: $3,909,5672021Assets 2022: $3,907,909Liabilities 2022: $275,963Net Assets 2022: $3,631,9462022Assets 2023: $4,386,488Liabilities 2023: $8,585Net Assets 2023: $4,377,9032023Assets 2024: $4,799,100Liabilities 2024: $9,325Net Assets 2024: $4,789,7752024

Highlighted filing

2017

Assets$2,940,185
Liabilities$211,482
Net Assets$2,728,703

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Expenses 2010: $894,6432010Expenses 2011: $624,5062011Revenue 2012: $771,397Expenses 2012: $618,862Net Income 2012: $152,5352012Revenue 2013: $736,750Expenses 2013: $536,758Net Income 2013: $199,9922013Revenue 2014: $712,789Expenses 2014: $636,412Net Income 2014: $76,3772014Revenue 2015: $821,759Expenses 2015: $660,024Net Income 2015: $161,7352015Revenue 2016: $722,629Expenses 2016: $600,046Net Income 2016: $122,5832016Revenue 2017: $1,864,535Expenses 2017: $565,386Net Income 2017: $1,299,1492017Revenue 2018: $825,649Expenses 2018: $589,846Net Income 2018: $235,8032018Revenue 2019: $877,556Expenses 2019: $830,449Net Income 2019: $47,1072019Revenue 2020: $877,827Expenses 2020: $623,255Net Income 2020: $254,5722020Revenue 2021: $923,077Expenses 2021: $634,859Net Income 2021: $288,2182021Revenue 2022: $990,408Expenses 2022: $680,800Net Income 2022: $309,6082022Revenue 2023: $1,292,319Expenses 2023: $719,116Net Income 2023: $573,2032023Revenue 2024: $1,037,733Expenses 2024: $754,947Net Income 2024: $282,7862024

Highlighted filing

2017

Revenue$1,864,535
Expenses$565,386
Net Income$1,299,149
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 27, 2018
Return Version
2017v2.3
Gross Receipts
$1,864,535
Mission and Program Overview

Mission

The alabama baptist retirement centers, inc.'s mission is to provide quality low income housing to senior citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$715,021$1,984,496▲ $1,269,475
Savings and Temporary Cash Investments$530,540$577,676▲ $47,136
Other Notes and Loans Receivable, Net$14,976$79,264▲ $64,288
Accounts Receivable$55,151$45,683▼ $9,468
Land, Buildings, and Equipment, Net$16,406$35,378▲ $18,972
Prepaid Expenses and Deferred Charges$7,651$7,963▲ $312
Cash and Non-Interest-Bearing Accounts$100$100→ $0
Total Assets$1,430,330$2,940,185▲ $1,509,855
Other Assets Total$90,485$209,625▲ $119,140
Liabilities
Other Liabilities$85,905$204,743▲ $118,838
Accounts Payable and Accrued Expenses$1,861$6,739▲ $4,878
Total Liabilities$87,766$211,482▲ $123,716
Net Assets / Fund Balance
Unrestricted Net Assets$1,326,739$2,712,878▲ $1,386,139
Temporarily Rstr Net Assets$15,825$15,825→ $0
Total Net Assets Fund Balance$1,342,564$2,728,703▲ $1,386,139
Total Liabilities and Net Assets / Fund Balance$1,430,330$2,940,185▲ $1,509,855

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$35,378$78,489$113,867
Leasehold Improvements-$6,916$6,916
Other Assets Org$4,882--
Other Securities$1,984,496--
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$190,330
Program Service Revenue
$429,487
Investment Income
$75,774
Other Revenue
$1,168,944
All Other Contributions
$12,753
Change in Net Assets
$1,299,149

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,864,535
Total Revenue per Audited Statements
$1,864,535
Total Revenue per Form 990
$1,864,535
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$498,079
Other Expenses$67,307
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$333,000--$333,000
Other Employee Benefits$91,683--$91,683
Pension Plan Contributions$48,843--$48,843
Payroll Taxes$24,553--$24,553
Occupancy$20,771--$20,771
Conferences and Meetings$1,193$9,061-$10,254
Fees for Services Accounting-$8,465-$8,465
Fees for Services Legal-$4,747-$4,747
Travel$4,647--$4,647
Office Expenses$4,287--$4,287
Fees for Services Other$3,451--$3,451
Depreciation Depletion$2,754--$2,754
Advertising$959--$959
Insurance$916--$916
Other Expenses$214--$214
Total Functional Expenses$543,113$22,273$0$565,386

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$565,386
Total Expenses per Audited Statements$565,386
Total Expenses per Form 990$565,386
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
Deferred Revenue$204,743
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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, Page 6, Part VI, Line 11B

Form 990 reviewed with management upon completion.

Form 990, Page 6, Part VI, Line 12C

Officers and board members are required to sign a written conflict of interest policy annually. The policy inquires of each officer and board member to disclose any known conflicts of interest that he or she may have during the service of alabama baptist retirement centers, inc.

Form 990, Page 6, Part VI, Line 15A

All top management official's compensation is subject to the approval of the governing board.

Form 990, Page 6, Part VI, Line 15B

All officer and key employee compensation is subject to the approval of the governing board.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Alabama Baptist Retirement Centers
EIN
63-0723319
Phone
3342882460
Address
PO BOX 11870, MONTGOMERY, AL 36111-0870

Signing Officer

Name
Mrs Charlotte Crane
Title
Director of Finance
Phone
3342882460
Signed
2018-04-27

Organization Details

Principal Officer
Mrs Charlotte Crane
Formed
1975
Legal Domicile
Al
Voting Board Members
20
Independent Board Members
20
Employees
7

Preparer

Firm
Lecroy Hunter & Co CPA Pc
Address
5710 WATERMELON RD STE 400, NORTHPORT, AL 35473-7694
Preparer
Richard D Lecroy
Phone
2053493840
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Apartment rentals to senior citizens and the management and sponsorship of quality low income elderly housing.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PrincipalOfficerNm0MRS CHARLOTTE CRANE
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESIDUAL RECEIPTS NOTE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER ASSETS
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IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0APARTMENT RENTALS TO SENIOR CITIZENS AND THE MANAGEMENT AND SPONSORSHIP OF QUALITY LOW INCOME ELDERLY HOUSING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 REVIEWED WITH MANAGEMENT UPON COMPLETION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS AND BOARD MEMBERS ARE REQUIRED TO SIGN A WRITTEN CONFLICT OF INTEREST POLICY ANNUALLY. THE POLICY INQUIRES OF EACH OFFICER AND BOARD MEMBER TO DISCLOSE ANY KNOWN CONFLICTS OF INTEREST THAT HE OR SHE MAY HAVE DURING THE SERVICE OF ALABAMA BAPTIST RETIREMENT CENTERS, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL TOP MANAGEMENT OFFICIAL'S COMPENSATION IS SUBJECT TO THE APPROVAL OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL OFFICER AND KEY EMPLOYEE COMPENSATION IS SUBJECT TO THE APPROVAL OF THE GOVERNING BOARD.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.80$0.01$4.79$1.04$0.75$0.28
2023Detailed filing. Detailed filing data is available for this year.$4.39$0.01$4.38$1.29$0.72$0.57
2022Detailed filing. Detailed filing data is available for this year.$3.91$0.28$3.63$0.99$0.68$0.31
2021Detailed filing. Detailed filing data is available for this year.$3.93$0.02$3.91$0.92$0.63$0.29
2020Detailed filing. Detailed filing data is available for this year.$3.58$0.00$3.58$0.88$0.62$0.25
2019Detailed filing. Detailed filing data is available for this year.$3.18$0.12$3.06$0.88$0.83$0.05
2018Detailed filing. Detailed filing data is available for this year.$3.00$0.19$2.81$0.83$0.59$0.24
2017Detailed filing. Detailed filing data is available for this year.$2.94$0.21$2.73$1.86$0.57$1.30
2016Detailed filing. Detailed filing data is available for this year.$1.43$0.09$1.34$0.72$0.60$0.12
2015Detailed filing. Detailed filing data is available for this year.$1.30$0.12$1.18$0.82$0.66$0.16
2014Detailed filing. Detailed filing data is available for this year.$1.29$0.13$1.16$0.71$0.64$0.08
2013Detailed filing. Detailed filing data is available for this year.$2.03$0.14$1.89$0.74$0.54$0.20
2012Summary only. Only limited summary data is available for this year.$1.85$0.16$1.69$0.77$0.62$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.17$1.54$0.62
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.01$1.44$0.89
Peer Organizations

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