Overview
What is Baptist Community Affordable Housing Foundation?
Baptist Community Affordable Housing Foundation (BCAHF) is a nonprofit organization established by Baptist Community Services in 1998. Its primary mission is to develop and provide affordable housing facilities for lower-income populations and long-term care services for senior adults. Over the years, BCAHF has been instrumental in the development of two significant projects in Amarillo, Texas. The first project, a 156-unit senior housing facility, involved constructing a new apartment building and rehabilitating an old historical building. Low Income Housing Tax Credits from the State of Texas were utilized to finance this project. The second project was a 184-unit affordable housing complex for lower-income families, primarily catering to the workforce at the Regional Medical Center in Amarillo. This project was also financed using Low Income Housing Tax Credits and Tax-Exempt Bonds. Additionally, BCAHF operates a 120-bed licensed nursing care facility called The Arbors. This facility participates in Medicaid and Medicare long-term skilled nursing programs, providing care to eligible residents. However, the reimbursement rates for Medicaid and Medicare residents are less than BCAHF's established rates, resulting in financial losses. In 2022, the difference amounted to $314,492. In summary, BCAHF is committed to providing affordable housing and long-term care services to the community, despite facing financial challenges with Medicaid and Medicare reimbursement rates.
Is Baptist Community Affordable Housing Foundation legitimate?
Baptist Community Affordable Housing Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baptist Community Affordable Housing Foundation 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: $44,564
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,072,188
For more financial information, click here
What is the mission statement of Baptist Community Affordable Housing Foundation?
The Baptist Community Affordable Housing Foundation (BCAHF) is dedicated to providing affordable housing and long-term care services. Established in 1998 by Baptist Community Services, BCAHF has been instrumental in developing affordable housing facilities for lower-income populations. This includes a 156-unit project for senior adults in Amarillo, Texas, which involved the construction of an apartment building and the renovation of a historical building.
BCAHF has also developed an 184-unit affordable housing project for lower-income families, particularly benefiting those working at the Regional Medical Center in Amarillo. The organization has leveraged Low Income Housing Tax Credits and tax-exempt bonds to finance these projects. In addition to housing, BCAHF operates a licensed nursing care facility, The Arbors, with 120 beds. This facility participates in Medicare and Medicaid long-term skilled nursing programs, providing care to qualifying residents under Medicaid at reimbursement rates below BCAHF's established rates. In 2022, the Medicaid and Medicare reimbursement was less than BCAHF's rates by $314,492.
Who is the CEO of Baptist Community Affordable Housing Foundation?
Stephen Dalrymple is the President/Ceo/Clo of Baptist Community Affordable Housing Foundation. The CEO's salary of Baptist Community Affordable Housing Foundation is $0 and their total compensation is $787,534.
What is the revenue of Baptist Community Affordable Housing Foundation?
Baptist Community Affordable Housing Foundation's revenue in 2022 was $6,073,259.
Who are the executives of Baptist Community Affordable Housing Foundation and what are their salaries?
Here are 10 key members and their salaries (Baptist Community Affordable Housing Foundation's CEO's salary is $0 and their total compensation is $787,534):
- Compensation: $0
- Related: $712,173
- Other: $75,361
- Compensation: $0
- Related: $318,255
- Other: $75,382
- Compensation: $0
- Related: $194,233
- Other: $60,827
- Compensation: $34,498
- Related: $149,490
- Other: $53,683
- Compensation: $0
- Related: $70,378
- Other: $29,957
- Compensation: $0
- Related: $183,473
- Other: $26,720
- Compensation: $0
- Related: $174,871
- Other: $61,381
- Compensation: $0
- Related: $149,318
- Other: $38,497
- Compensation: $0
- Related: $127,105
- Other: $41,498
- Compensation: $119,470
- Related: $0
- Other: $32,057
Where can I find the form 990 for Baptist Community Affordable Housing Foundation?
Baptist Community Affordable Housing Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Baptist Community Affordable Housing Foundation
The Baptist Community Affordable Housing Foundation, established in 1998 by Baptist Community Services, is dedicated to providing affordable housing and long-term care services for senior adults. This nonprofit organization has been instrumental in the development of several projects, including a 156-unit apartment complex for seniors in Amarillo, Texas. This project included the construction of a 114-unit apartment building and the restoration of a 75-year-old historical building into a 42-unit apartment building. Low Income Housing Tax Credits allocated by the state of Texas were utilized to finance this project.
Beyond housing, Baptist Community Affordable Housing Foundation has also developed an 184-unit affordable housing project for lower-income families in Amarillo, Texas. This project catered specifically to the needs of employees working at the Regional Medical Center in Amarillo. Once again, Low Income Housing Tax Credits and Tax-Exempt Bonds were used to finance this project.
In addition to housing, Baptist Community Affordable Housing Foundation also operates a 120-bed licensed nursing care facility called The Arbors. This facility participates in Medicaid and Medicare long-term skilled nursing programs, providing care to qualifying residents under Medicaid at rates lower than the foundation's established rates. In 2022, the Medicaid and Medicare reimbursement was less than the foundation's established rates by $314,492. In summary, Baptist Community Affordable Housing Foundation is a nonprofit organization committed to providing affordable housing and long-term care services for senior adults, utilizing various financing methods to make this a reality.
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Impact
October, 2024
Baptist Community Affordable Housing Foundation significantly impacts the lives of lower-income populations and senior adults by providing affordable housing and long-term care services in Amarillo, Texas.
The foundation has successfully developed multiple housing projects, including a 156-unit affordable housing complex specifically for seniors, which involved both the construction of a new facility and the rehabilitation of a historic building. This initiative not only addresses the critical need for affordable living spaces but also preserves the cultural heritage of the community.
Additionally, the foundation has completed a 184-unit housing project for lower-income families, enhancing housing availability for those working at the regional medical center. This development directly supports the local workforce, allowing families to reside closer to their places of employment.
In the realm of healthcare, the foundation established a licensed nursing care facility, The Arbors, which offers essential long-term care services to seniors. This facility participates in Medicaid and Medicare programs, addressing the healthcare needs of eligible residents. Despite reimbursement challenges from government programs, the foundation remains committed to providing quality care, ensuring that residents have access to crucial healthcare services.
Overall, the impact of Baptist Community Affordable Housing Foundation is demonstrated through its efforts to create a supportive living environment for vulnerable populations, improve access to affordable housing, and enhance the quality of life for senior adults in the Amarillo community.
This information is meant to be a general summary of Baptist Community Affordable Housing Foundation. 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 2022.
- Program Service Revenue: $5,358,128
- Gross Receipts: $6,139,884
Assets and Liabilities:
- Total Assets: $10,488,306
- Total Liabilities: $20,988,759
- Net Assets: -$10,500,453
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT/PATIENT SERVI
Revenue
$5,358,128
Organization Details
Founding Year
1998
Phone
(806) 337-5292Principal Officer
Stephen Dalrymple
Main Address
701 PARK PLACE 2ND FLOOR, AMARILLO, TX, 79101
NTEE Category
Code: Y300 - Mutual benefit
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