Baptist Community Affordable Housing Foundation

What it reported doing in 2024

Baptist community affordable housing foundation (bcahf) was formed by baptist community services (bcs) in 1998, to develop and provide, directly and indirectly, affordable housing facilities for lower income populations, and also long-term care services for senior adults.bcahf has been directly involved in the development of a 156 unit affordable housing project for seniors in amarillo, Texas. This project involved the construction of a 114 unit apartment building and the rehabilitation of a 75 year old historical building into a 42 unit apartment building. Low income housing tax credits allocated by the state of Texas were utilized to help finance this project.bcahf also has completed development of 184 unit affordable housing project for lower income families in amarillo, Texas. This project provides much needed housing for those working at the regional medical center in amarillo, Texas. Low income housing tax credits were also utilized, along with tax exempt bonds to finance this project.in 2006, bcahf completed construction of the arbors, a 120 bed licensed nursing care facility that participates in medicaid and medicare long-term skilled nursing programs. Care provided to qualifying residents under medicaid is reimbursed at rates less than bcahf's established rates. In september 2022, the baptist community services (bcs) board of trustees voted to cease operations at the arbors, a 120 bed licensed nursing care facility, within a six-to-twelve-month period. As of april 30, 2023, the arbors had dischared all patients and was no longer accepting new patients. As of december 31, 2024, the arbors facility was held for sale.

Financial Efficiency

• Mission deployment rate: 0%; rating input score 0
• Program expense ratio: 0%; rating input score 0
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -1,516.8%; rating input score 0; 0th percentile among comparable filings
• Total-asset coverage ratio: 1.19; rating input score 45; 45th percentile among comparable filings
• Liabilities to assets ratio: 3.56; rating input score 1; 1st percentile among comparable filings
• Officer compensation ratio: 10.4%; rating input score 28; 28th percentile among comparable filings

Growth

• Program expense growth: -8% per year; rating input score 0; 13th percentile among comparable filings
• Revenue growth: -5.5% per year; rating input score 0; 10th percentile among comparable filings
• Asset growth: 1.5% per year; rating input score 100; 31st percentile among comparable filings