LYNCHBURG BAPTIST RETIREMENT COMMUNITY LLC

EIN: 871532163 501(c)(3) Housing & Shelter

GLEN ALLEN, VA

Total Revenue
$8,350,935
Total Expenses
$8,592,826
Total Assets
$63,816,375
Net Assets
$142,158
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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
VA
Principal Officer
JONATHAN COOK
Phone
8045219206
Tax Period
2023-01-01 to 2023-12-31

LYNCHBURG BAPTIST RETIREMENT COMMUNITY LLC, founded in 2021, is a community nonprofit in the Housing & Shelter sector that reported $2.4M in total revenue in fiscal year 2021. The organization ran a surplus of $383K, a strong 16% operating margin.

Mission

TO PROVIDE "DIGNITY IN LIVING" FOR SENIOR ADULTS WHO RESIDE IN THIS PLANNED SERVICES COMMUNITY.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,105
Program Service Revenue $8,307,094
Investment Income $42,736
Other Revenue $0
TOTAL REVENUE $8,350,935

Expense Breakdown

Grants Paid $20,748
Salaries & Benefits $3,766,487
Fundraising Expenses $0
Program Expenses $7,735,556
Other Expenses $4,805,591
TOTAL EXPENSES $8,592,826

Year-over-Year Comparison

2023 2022 Change
Revenue $8,350,935 $8,033,653 +0.0%
Expenses $8,592,826 $8,032,350 +0.1%
Net Income $-241,891 $1,303 -186.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
56

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
5
$2,128,860
Total Directors
17
$0
Key Employees
2
$223,820
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MR SCOTT CAVE TRUSTEE 1.00
Director
$0 $0 $0
REVDAN CARLTON TRUSTEE 1.00
Director
$0 $0 $0
MR JAMES BALES TRUSTEE 1.00
Director
$0 $0 $0
MSSHARON BROOKS TRUSTEE 1.00
Director
$0 $0 $0
DRVALERIE CARTER TRUSTEE 1.00
Director
$0 $0 $0
DRTIFFANY FRANKS TRUSTEE 1.00
Director
$0 $0 $0
REVNELSON HARRIS TRUSTEE 1.00
Director
$0 $0 $0
MR JOHN JUNG TRUSTEE 1.00
Director
$0 $0 $0
MRSSALLIE MARCHELLO TRUSTEE 1.00
Director
$0 $0 $0
MR ARNIE OWENS TRUSTEE 1.00
Director
$0 $0 $0
DRPAM PARSONS TRUSTEE 1.00
Director
$0 $0 $0
MR JOHN POMA TRUSTEE 1.00
Director
$0 $0 $0
MR MATTHEW SCOTT TRUSTEE 1.00
Director
$0 $0 $0
JIM POATS TRUSTEE 1.00
Director
$0 $0 $0
GARY THOMSON TRUSTEE 1.00
Director
$0 $0 $0
JIM VAUGHT TRUSTEE 1.00
Director
$0 $0 $0
SUSAN RUCKER TRUSTEE 1.00
Director
$0 $0 $0
JONATHAN COOK PRESIDENT & CEO 1.00
Officer
$0 $49,386 $685,468
TRACEY JENNINGS COO 1.00
Officer
$0 $56,873 $401,837
CHRIS MARKWITH CFO 1.00
Officer
$0 $49,267 $349,212
JOHN P ROBINSON CHIEF MARKETING OFFICER 1.00
Officer
$0 $63,724 $341,797
LISA LEAGER CSO 1.00
Officer
$0 $57,118 $350,546
KRISTI MARTIN EXECUTIVE DIRECTOR 40.00
Key Emp
$57,413 $7,243 $64,656
ADAM FELDBAUER EXEC DIR LEFT BEFORE YEAR END 40.00
Key Emp
$150,035 $9,129 $159,164
LISA WATSON ASSISTED LIVING ADMINISTRATOR 40.00
Highest
$102,412 $25,015 $127,427
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 $8,350,935 $8,592,826 $63,816,375 $-241,891
2022 $8,033,653 $8,032,350 $64,392,502 $1,303
2021 $2,389,701 $2,006,955 $64,558,732 $382,746
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