BAPTIST RETIREMENT COMMUNITIES OF GEORGIA INC

EIN: 580969850 501(c)(3)

HIAWASSEE, GA

Total Revenue
$5,576,935
Total Expenses
$6,642,357
Total Assets
$35,397,801
Net Assets
$30,175,383
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
GA
Principal Officer
SHANNON WATSON
Phone
7625002021
Tax Period
2024-01-01 to 2024-12-31

BAPTIST RETIREMENT COMMUNITIES OF GEORGIA INC, founded in 1966, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $6.6M exceeded revenue, resulting in a 19% operating deficit.

Mission

TO ENRICH THE LIVES OF ACTIVE AGING ADULTS BY EMPOWERING EACH INDIVIDUAL TO FLOURISH THROUGH A HOLISTIC APPROACH OF THE DIMENSIONS OF WELLNESS WITHIN A NURTURING, CHRISTIAN ENVIRONMENT. THE ORGANIZATION PROVIDES BELOW MARKET INDEPENDENT LIVING AT OUR TWO LOCATIONS: HIAWASSEE PARK IN THE MOUNTAINS OF NORTH GEORGIA; AND PALMETTO PARK IN PALMETTO, GEORGIA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $111,080
Program Service Revenue $5,316,299
Investment Income $149,556
Other Revenue $0
TOTAL REVENUE $5,576,935

Expense Breakdown

Grants Paid $1,505
Salaries & Benefits $1,898,802
Fundraising Expenses $63,289
Program Expenses $5,002,171
Other Expenses $4,742,050
TOTAL EXPENSES $6,642,357

Year-over-Year Comparison

2024 2023 Change
Revenue $5,576,935 $6,049,486 -0.1%
Expenses $6,642,357 $6,461,811 +0.0%
Net Income $-1,065,422 $-412,325 +1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
12
Employees
22
Volunteers
15

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$479,056
Total Directors
13
$249,565
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV STEPHEN AWTREY TRUSTEE 0.00
Director
$0 $0 $0
CRYSTAL BICE TRUSTEE 0.00
Director
$0 $0 $0
MARK CAMP TRUSTEE 0.00
Director
$0 $0 $0
THOMAS HAMMOND JR TRUSTEE 0.00
Director
$0 $0 $0
REV DARREN HUGHES TRUSTEE 0.00
Director
$0 $0 $0
CHARLES HUNNICUTT TRUSTEE 0.00
Director
$0 $0 $0
REV TOM JONES SR TRUSTEE 0.00
Director
$0 $0 $0
JEFF KEMPER TRUSTEE 0.00
Director
$0 $0 $0
REV ROBERT LOUDER TRUSTEE 0.00
Director
$0 $0 $0
CHIP THOMPSON TRUSTEE 0.00
Director
$0 $0 $0
ANN WATTS TRUSTEE 0.00
Director
$0 $0 $0
TIM WILSON TRUSTEE 0.00
Director
$0 $0 $0
SHANNON WATSON PRESIDENT/CEO 40.00
Officer Director
$227,421 $22,144 $249,565
SHARALENE ROPER COO 40.00
Officer
$207,987 $21,504 $229,491
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $5,576,935 $6,642,357 $35,397,801 $-1,065,422
2023 $6,049,486 $6,461,811 $35,857,264 $-412,325
2022 $34,552,574 $7,161,459 $35,869,264 $27,391,115
2021 $4,332,390 $5,932,802 $39,841,511 $-1,600,412
2020 $3,016,684 $5,015,129 $40,457,226 $-1,998,445
2019 $3,510,226 $6,037,542 $40,570,919 $-2,527,316
2018 $3,469,041 $4,162,108 $22,958,528 $-693,067
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