BIBLE STUDENTS RETIREMENT CENTERS … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

KOME AJISE

Phone

5036617045

Tax Period

2024-05-01 to 2025-04-30

BIBLE STUDENTS RETIREMENT CENTERS INC, founded in 1985, is a small nonprofit in the Housing & Shelter sector that reported $450K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $72K, a strong 16% operating margin.

Mission

OPERATE & MAINTAIN A SENIOR INDEPENDENT-LIVING RETIREMENT CENTER PROVIDING WARM CHRISTIAN FELLOWSHIP AND BIBLE STUDIES INCLUDING BASIC PHYSICAL NEEDS FOR OLDER MEMBERS OF THE BIBLE STUDENTS FELLOWSHIP, SUCH AS AVAILABILITY OF A HOT NUTRITIUS NOON MEAL M-F, AND PROVIDES A SUBSIDIZED PROGRAM FOR THOSE WHO ARE QUALIFIED AS NEEDING FINANCIAL HELP.

Program Service Accomplishments

Program 1

Expenses: $239,321 Revenue: $277,911

SENIOR RETIREMENT LIVING PROGRAM, PROVIDING INDEPENDENT LIVING APARTMENTS AT BELOW MARKET COST TO SENIORS. AT THE CLOSE OF THIS FISCAL PERIOD ON APRIL 30, 2025 WE HAD 34 RESIDENTS. PROGRAM INCLUDES MAINTAINING 28 INDIVIDUAL APARTMENTS AND TOWN HOMES WITH FULL KITCHENS, MOST WITH LAUNDRY ROOMS AND SOME WITH GARAGES. LANDSCAPED GROUNDS INCLUDING WALKING PATHS SURROUNDING A LARGE MAIN HOUSE WITH A CHAPEL-MEETING ROOM, COMMUNAL DINING ROOM AND COMMERCIAL KITCHEN. THE MAIN HOUSE INCLUDES 4 UPSTAIRS GUEST BEDROOMS AVAILABLE FOR RESIDENTS' GUESTS AND/OR VISITING DISTANT BOARD MEMBERS.

Program 2

Expenses: $55,906 Revenue: $28,329

FOOD SERVICE PROGRAM, PROVIDING A NUTRITIOUS HOT MEAL MONDAY THROUGH FRIDAY TO RETIREMENT CENTER RESIDENTS WHO CHOOSE TO PARTICIPATE. THIS PROGRAM BILLS RESIDENTS AT MONTH END FOR THE ACTUAL MEALS...

FOOD SERVICE PROGRAM, PROVIDING A NUTRITIOUS HOT MEAL MONDAY THROUGH FRIDAY TO RETIREMENT CENTER RESIDENTS WHO CHOOSE TO PARTICIPATE. THIS PROGRAM BILLS RESIDENTS AT MONTH END FOR THE ACTUAL MEALS THEY HAVE TAKEN, AT WELL BELOW MARKET PRICES. THEY SIGN UP FOR THE NEW WEEK OF MEALS AFTER THEY SEE THE MENU FOR THAT WEEK. RESIDENTS CURRENTLY PAY $8 PER MEAL, OR ABOUT 49% OF THE COST.

Program 3

Expenses: $13,075

LOW INCOME SUBSIDY PROGRAM - EXPENSES CONSISTED OF RENTAL SUBSIDIES TOTALING $8,248.60 FOR 3 RESIDENTS, MEAL SUBSIDIES OF $3,096 FOR 3 RESIDENTS, PHONE/PERSONAL ALARM SUBSIDIES FOR 2 RESIDENTS...

LOW INCOME SUBSIDY PROGRAM - EXPENSES CONSISTED OF RENTAL SUBSIDIES TOTALING $8,248.60 FOR 3 RESIDENTS, MEAL SUBSIDIES OF $3,096 FOR 3 RESIDENTS, PHONE/PERSONAL ALARM SUBSIDIES FOR 2 RESIDENTS TOTALING $1,290.71, AND IN-HOME HELP SERVICES FOR 2 SUBSIDY RESIDENTS TOTALING $440.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $100,458

Program Service Revenue $298,088

Investment Income $43,150

Other Revenue $8,152

TOTAL REVENUE $449,848

Expense Breakdown

Grants Paid $13,075

Salaries & Benefits $112,854

Fundraising Expenses $0

Program Expenses $308,652

Other Expenses $248,616

TOTAL EXPENSES $378,246

Year-over-Year Comparison

	2024	2023	Change
Revenue	$449,848	$482,903	-0.1%
Expenses	$378,246	$395,426	0.0%
Net Income	$71,602	$87,477	-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

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM TOWER	RESIDENT DIRECTOR	10.00	Director	$0	$0	$0
DAWN SHALLIEU	DIRECTOR	10.00	Director	$0	$0	$0
RUSS MARTEN	DIRECTOR	10.00	Director	$0	$0	$0
TOM GILBERT	DIRECTOR	10.00	Director	$0	$0	$0
LANA TURNER	DIRECTOR	10.00	Director	$0	$0	$0
MICHAEL COSTELLI	DIRECTOR	10.00	Director	$0	$0	$0
KOME AJISE	CHAIRMAN	10.00	Officer	$0	$0	$0
NANNETTE NEKORA	SECRETARY	10.00	Officer	$0	$0	$0
JOANNA CHRISTIANSEN	TREASURER	10.00	Officer	$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
2025	$449,848	$378,246	$1,830,449	$71,602
2024	$482,903	$395,426	$1,756,114	$87,477
2023	$392,933	$365,725	$1,678,282	$27,208
2022	$291,539	$325,197	$1,675,095	$-33,658
2021	$525,657	$301,390	$1,722,199	$224,267
2020	$481,131	$347,857	$1,513,355	$133,274

BIBLE STUDENTS RETIREMENT CENTERS INC