Overview
What is Alabama Baptist Retirement Centers Inc?
Alabama Baptist Retirement Centers Inc is a nonprofit organization situated in Prattville, Alabama. Its primary mission is to support the elderly by providing affordable housing and ministering to their needs in three key areas. Directly, they offer care within their own facilities. Indirectly, they help churches establish and strengthen ministries in retirement facilities. Educational programs in churches and associations are also offered to raise awareness about the needs of the elderly. With approximately 200 residents residing in their subordinate entities, rent is based on tenants' income. The organization employs a total of 44 individuals.
Official website here: www.abrc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Alabama Baptist Retirement Centers Inc has received a Three-Star rating from Charity Navigator, indicating a moderately favorable assessment of its accountability and financial practices. With a score of 81%, the organization exhibits strong governance and financial oversight, particularly highlighted by its independent board structure and robust conflict of interest, whistleblower, and document retention policies.
The nonprofit excels in accountability, demonstrating no material diversion of assets and maintaining comprehensive financial statements. The high program expense ratio suggests that the majority of its resources are being directed toward its charitable programs, reflecting a commitment to fulfilling its mission effectively. However, the organization has a slightly low score in the liabilities to assets ratio, which could indicate potential financial risk that may warrant further attention.
Overall, while Alabama Baptist Retirement Centers Inc showcases several strengths in governance and program efficiency, the financial stability indicated by its liabilities warrants careful consideration for prospective donors and stakeholders. The organization appears committed to transparency and responsible management, which are essential factors for trust and support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Alabama Baptist Retirement Centers Inc legitimate?
Alabama Baptist Retirement Centers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alabama Baptist Retirement Centers Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $622,034
For more financial information, click here
Official website here: www.abrc.com
What is the mission statement of Alabama Baptist Retirement Centers Inc?
Alabama Baptist Retirement Centers Inc aims to serve the elderly by focusing on three key areas. Directly, they provide care within their own facilities. Indirectly, they assist churches in establishing and strengthening ministries in retirement facilities. Lastly, they educate churches and associations about the needs of the elderly through various programs. Their mission is to minister to the elderly in these three ways, ultimately drawing attention to their needs.
Official website here: www.abrc.com
What is the revenue of Alabama Baptist Retirement Centers Inc?
Alabama Baptist Retirement Centers Inc's revenue in 2024 was $2,537,985.
Official website here: www.abrc.com
Who are the executives of Alabama Baptist Retirement Centers Inc and what are their salaries?
The average compensation at Alabama Baptist Retirement Centers Inc during 2024 was $17,279. There are 36 employees at Alabama Baptist Retirement Centers Inc.
Here are 19 key members and their salaries:
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Official website here: www.abrc.com
Where can I find the form 990 for Alabama Baptist Retirement Centers Inc?
Alabama Baptist Retirement Centers Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.abrc.com
Learn more at the official website: www.abrc.com
Mission Statement of Alabama Baptist Retirement Centers Inc
Alabama Baptist Retirement Centers Inc is committed to serving the elderly population in three significant ways. Firstly, they focus on directly ministering to the elderly within their own retirement facilities. Secondly, they support churches in establishing and strengthening ministries for the elderly in other retirement homes. Lastly, they conduct educational programs in churches and associations, drawing attention to the needs of the elderly. In essence, Alabama Baptist Retirement Centers Inc seeks to improve the lives of the elderly through hands-on care, partnerships with churches, and educational initiatives.
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Impact
October, 2024
Alabama Baptist Retirement Centers Inc significantly impacts the lives of elderly individuals by providing essential housing and care services tailored to low-income senior citizens. The organization directly operates campuses of care that accommodate approximately 200 residents, ensuring that those in need have access to affordable living options.
In addition to its direct services, Alabama Baptist Retirement Centers Inc plays a vital role in empowering churches and community organizations. By assisting these entities in establishing and strengthening ministries focused on elderly care, the organization promotes a broader network of support for seniors in various retirement facilities.
Moreover, the centers emphasize the importance of education regarding the needs of the elderly, offering programs that raise awareness and encourage communities to engage with and support their senior populations. This multi-faceted approach not only addresses immediate housing needs but also fosters a culture of care and compassion towards seniors in the surrounding areas.
This information is meant to be a general summary of Alabama Baptist Retirement Centers Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $4,836
- Program Service Revenue: $928,101
- Gross Receipts: $2,537,985
Assets and Liabilities:
- Total Assets: $4,659,505
- Total Liabilities: $4,684,816
- Net Assets: -$25,311
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$928,101
Organization Details
Founding Year
2008
Principal Officer
Charlotte Crane
Website
www.abrc.comNTEE Category
Code: L22 - Housing
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