SAYRE VILLAGE PHASE III INC

EIN: 611088950 501(c)(3) Housing & Shelter

LEXINGTON, KY

Total Revenue
$6,191,551
Total Expenses
$5,880,123
Total Assets
$16,037,806
Net Assets
$2,644,762
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
KY
Principal Officer
KAREN VENIS
Phone
8592719001
Tax Period
2024-10-01 to 2025-09-30

SAYRE VILLAGE PHASE III INC, founded in 1985, is a community nonprofit in the Housing & Shelter sector that reported $6.2M in total revenue in fiscal year 2024. Expenses of $5.9M left a modest 5% surplus.

Mission

FRIENDSHIP TOWERS OFFERS INDEPENDENT LIVING AND CERTIFIED ASSISTED LIVING OPTIONS FOR RESIDENTS WHO WISH TO MAINTAIN THEIR INDEPENDENCE WHILE HAVING 24-HOUR ACCESS TO CARE, AS WELL AS FOR THOSE WHO NEED EXTRA SUPPORT WITH DAILY ACTIVITIES, DINING, AND HEALTH SERVICES. AS PART OF THE LARGER SAYRE CHRISTIAN VILLAGE CAMPUS, FRIENDSHIP TOWERS IS SEAMLESSLY INTEGRATED INTO A COMMUNITY DEDICATED TO PROVIDING QUALITY HOUSING, REHABILITATIVE SERVICES AND LONG-TERM NURSING CARE REFLECTING CHRISTIAN COMPASSION FOR EVERYONE.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,931,026
Investment Income $96,427
Other Revenue $164,098
TOTAL REVENUE $6,191,551

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,195,792
Fundraising Expenses $0
Program Expenses $4,578,264
Other Expenses $3,684,331
TOTAL EXPENSES $5,880,123

Year-over-Year Comparison

2024 2023 Change
Revenue $6,191,551 $5,885,998 +0.1%
Expenses $5,880,123 $5,363,553 +0.1%
Net Income $311,428 $522,445 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
17
Independent Members
17
Employees
71
Volunteers
N/A

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
6
$465,063
Total Directors
19
$286,787
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY COLEMAN BOARD MEMBER 2.00
Director
$0 $0 $0
DOUG FLYNN BOARD MEMBER 2.00
Director
$0 $0 $0
JL LYNN BOARD MEMBER 2.00
Director
$0 $0 $0
RON RING TREASURER 2.00
Officer Director
$0 $0 $0
BENJAMIN BUCKLEY PAST PRESIDENT 2.00
Director
$0 $0 $0
JERRY KELLY BOARD MEMBER 2.00
Director
$0 $0 $0
BEN ALLEN BOARD MEMBER 2.00
Director
$0 $0 $0
WAYNE LOGAN BOARD MEMBER 2.00
Director
$0 $0 $0
TOM HURTZ BOARD MEMBER 2.00
Director
$0 $0 $0
KENNETHA KEINATH BOARD MEMBER 2.00
Director
$0 $0 $0
NANCY SKIBA SECRETARY 2.00
Officer Director
$0 $0 $0
JEFF YEARY VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
DEE HERNDON PRESIDENT 2.00
Officer Director
$0 $0 $0
ELISE HINCHMAN NON-VOTING BOARD MEMBER 2.00
Director
$0 $0 $168,508
DANIEL DANFORD BOARD MEMBER 2.00
Director
$0 $0 $0
VICKI PHILLIPS NON-VOTING BOARD MEMBER 4.00
Director
$0 $8,957 $118,279
EVAN MOSSBARGER BOARD MEMBER 2.00
Director
$0 $0 $0
JANET FEY BOARD MEMBER 2.00
Director
$0 $0 $0
JANA THORE BOARD MEMBER 2.00
Director
$0 $0 $0
NEIL BEDWELL FORMER CHIEF FNANCIAL OFFICER 8.00
Officer
$0 $8,957 $161,003
KAREN VENIS CHIEF EXECUTIVE OFFICER 8.00
Officer
$0 $0 $304,060
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
2025 $6,191,551 $5,880,123 $16,037,806 $311,428
2024 $5,885,998 $5,363,553 $16,023,015 $522,445
2023 $5,297,694 $5,501,915 $15,765,542 $-204,221
2022 $5,456,912 $5,497,792 $16,455,988 $-40,880
2021 $4,040,581 $4,375,926 $16,578,451 $-335,345
2020 $3,741,019 $3,132,044 $15,787,738 $608,975
Explore More Nonprofits
Top 100 Nonprofits in Kentucky Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare SAYRE VILLAGE PHASE III INC with other nonprofits in Kentucky and across the country.