Lynchburg Baptist Retirement Community Llc
Also known as The Summit
Lynchburg Baptist Retirement Community Llc reported $10.0 million in revenue and $11.3 million in expenses for calendar year 2024. Of every $100 it spent, $93.96 went to program services, $6.04 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 97.2% of the total. The highest compensation it reported for one person was $760,478 (PRESIDENT & CEO). 3 people received more than $100,000 in reportable compensation. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $11MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $10MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 94.0% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.0% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 97.2% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $760,478 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 6.74% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 3 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -1.2 | 10.0 |
| Independent voting board members Part VI 1a–1b | 17 of 17 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseLynchburg Baptist retirement community (aka the summit) is a senior living community providing an environment for each resident to be engaged in life. The summit uses a balanced approach to nurture heart and soul, body, and mind. At the summit, residents are offered a variety of living arrangements, from independent living, to assisted living and skilled nursing. Residents are also provided with a variety of dining, recreational, social, and health/wellness amenities. In short, the summit provides its residents with all the amenities to help them live a full and happy retirement life
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 1.00 hrs/week | $0 | $711,925 | $48,553 | $760,478 |
| COO Officer, 1.00 hrs/week | $0 | $394,404 | $45,574 | $439,978 |
| CSO Officer, 1.00 hrs/week | $0 | $347,887 | $57,588 | $405,475 |
| CMO Officer, 1.00 hrs/week | $0 | $273,378 | $66,084 | $339,462 |
| CFO (AS OF 05/24) Officer, 1.00 hrs/week | $0 | $160,145 | $24,428 | $184,573 |
| EXECUTIVE DIRECTOR Key employee, 40.00 hrs/week | $152,450 | $0 | $27,489 | $179,939 |
| DIRECTOR OF SALES & MARKETING Highest compensated employee, 40.00 hrs/week | $140,078 | $0 | $30,977 | $171,055 |
| CFO (THRU 02/24) Officer, 1.00 hrs/week | $0 | $143,720 | $12,587 | $156,307 |
3 people received more than $100,000 in reportable compensation from Lynchburg Baptist Retirement Community Llc (Part VII, line 2). Compensation of current officers, directors and key employees totaled $180K (Part IX, line 5).
4 filings since FY2021 (6 mo.)
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b17 · 17 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 656
Correct a figure or respond
Every number above is copied from Lynchburg Baptist Retirement Community Llc's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Lynchburg Baptist Retirement Community Llc, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Lynchburg Baptist Retirement Community Llc spent in 2024, $93.96 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Lynchburg Baptist Retirement Community Llc's spending goes to programs?
In calendar year 2024, Lynchburg Baptist Retirement Community Llc reported that 94.0% of its $11.3 million in expenses went to program services, 6.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Lynchburg Baptist Retirement Community Llc pay its top executive?
The largest total compensation Lynchburg Baptist Retirement Community Llc reported for one person in calendar year 2024 was $760,478, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Lynchburg Baptist Retirement Community Llc get its money?
Of $10.0 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 97.2% from program service revenue (Form 990, Part VIII).
Is Lynchburg Baptist Retirement Community Llc a registered charity?
The IRS lists EIN 87-1532163 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202542959349301979 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423169349300427 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333139349305253 · read the filing
- FY2021 (6 mo.): Form 990 for the 6-month short period ending December 31, 2021, object 202223159349304212 · read the filing
All filings for EIN 87-1532163: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.