Baptist Homes Foundation
Nonprofit profile at a glance
- EIN
- 251469243
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Pittsburgh, PA, USA
- Phone
- 4125636550
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Residential Care & Adult Day Programs
- Affiliation
- Christianity
Reported finances
- Revenue
- $1,012,593
- Expenses
- $1,217,512
- Assets
- $13,022,726
- Liabilities
- $2,830,877
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- MR TIMOTHY L MYERS (PRESIDENT & CEO)
Highest reported compensation
- MR TIMOTHY L MYERS (PRESIDENT & CEO): $347,420 total reported compensation
- MR BRENT V FOSTER (CFO/ASST. TREASURER): $248,586 total reported compensation
- MR ZANE ALLEN ABBOTT (VP OF PHILANTHROPY): $188,860 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The foundation promotes the interest of baptist senior services and affiliated entities by: contributing capital, making loans and grants, and providing financial assistance; purchasing and holding improved real estate; providing funds to further the mission of baptist senior services.
What it reported doing in 2024
The baptist homes foundation supports an affiliated organization, baptist senior services and affliated not for profit entities in its fundraising and development activities and manages the funds received from the general public. The funds are used to: subsidize the organization's elderly patients and residents who are not able to pay the full cost of their care in its skilled nursing facilities and its personal care homes; support operational expenses for activities provided to the residents; and help support the capital needs of the organization.
Operating model
- Revenue model
- Donor-supported. 81% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 58
- Transparency & Controls: 87
- Accountability: 95
- Sustainability: 37
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.7%; rating input score 72
- Program expense ratio: 53.1%; rating input score 53
- Fundraising efficiency: $1.7 raised per $1 spent on fundraising; rating input score 5; 5th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -20.2%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 10.7; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.22; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 19.9%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: 2.6% per year; rating input score 100; 29th percentile among comparable filings
- Revenue growth: 3.9% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: 4.8% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: 71.7% of revenue deployed · 53.1% of spending went to programs
- Governance: 9 of 9 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $647K in reported program spending
- Leadership: top reported pay $347K · 12 people listed · 4 of 6 pay-setting controls reported
- Consistency: 34 of 34 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 5 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Program expense ratio scored 53/100.
- High — Financial Efficiency: Fundraising efficiency scored 5/100.
- High — Sustainability: Operating margin scored 9/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 15/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.