BISHOP T GARROTT BENJAMIN JR SENIOR LIVING CENTER INC

EIN: 841709596 501(c)(3) Housing & Shelter

INDIANAPOLIS, IN

Total Revenue
$315,531
Total Expenses
$422,821
Total Assets
$2,527,434
Net Assets
$2,482,237
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
IN
Principal Officer
GWENDOLYN HARDIMAN
Phone
3175103024
Tax Period
2023-01-01 to 2023-12-31

BISHOP T GARROTT BENJAMIN JR SENIOR LIVING CENTER INC, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $316K in total revenue in fiscal year 2023. Expenses of $423K exceeded revenue, resulting in a 34% operating deficit.

Mission

BISHOP T. GARROTT BENJAMIN, JR. SENIOR LIVING CENTER, INC., AN INDIANA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE A 50 UNIT APARTMENT COMMUNITY IN INDIANAPOLIS, INDIANA, KNOWN AS BISHOP T. GARROTT BENJAMIN JR. LIVING CENTER, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $111,608
Program Service Revenue $201,690
Investment Income $-2,334
Other Revenue $4,567
TOTAL REVENUE $315,531

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $365,246
Other Expenses $422,821
TOTAL EXPENSES $422,821

Year-over-Year Comparison

2023 2022 Change
Revenue $315,531 $303,788 +0.0%
Expenses $422,821 $394,523 +0.1%
Net Income $-107,290 $-90,735 +0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GWENDOLYN HARDIMAN PRESIDENT 10.00
Officer Director
$0 $0 $0
STEVE GARRETT VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
RE'NITA O'BANNON SECRETARY 3.00
Officer Director
$0 $0 $0
RONALD ANDERSON TREASURER 1.00
Officer Director
$0 $0 $0
CRIS MEADOWS MEMBER 1.00
Director
$0 $0 $0
JANICE WILLIAMSON-COX MEMBER 1.00
Director
$0 $0 $0
VANESSA SUMMERS MEMBER 1.00
Director
$0 $0 $0
GEOFFREY JONES MEMBER 1.00
Director
$0 $0 $0
MONIC HILL MEMBER 1.00
Director
$0 $0 $0
JOSHUA MEADOWS MEMBER 1.00
Director
$0 $0 $0
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 No data No data No data No data
2023 $315,531 $422,821 $2,527,434 $-107,290
2022 $303,788 $394,523 $2,666,871 $-90,735
2021 $268,183 $389,338 $2,755,175 $-121,155
2020 $289,642 $364,251 $2,841,137 $-74,609
2019 $284,338 $386,606 $2,923,388 $-102,268
2018 $265,763 $349,291 $3,017,413 $-83,528
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