Baptist Towers
Legal name: Baptist Towers Inc
Nonprofit profile at a glance
- EIN
- 237035642
- IRS 990 coverage
- 2016–2016
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2016
- Location
- Louisville, KY, USA
- Phone
- 5025876632
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
- Affiliation
- Christianity
Reported finances
- Revenue
- $1,515,026
- Expenses
- $1,386,880
- Assets
- $2,169,476
- Liabilities
- $1,779,662
Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- REX SLECHTER (PRESIDENT)
People named in this filing
- REX SLECHTER (PRESIDENT)
- CHARLES SCHMIDT (VICE-PRES.)
- ALBERT FEKETE (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Building Communities with Purpose. Rooted in integrity, driven by vision we create spaces that elevate lives. Our Mission: People First, Always We don't just operate properties; we **cultivate communities** where people can thrive. Every decision we make, every service we provide, is rooted in **care** and **purpose**. People First, Always We don't just operate properties; we **cultivate communities** where people can thrive. What We Stand For.
What it reported doing in 2016
The organization provides residential housing to low income individuals under the u.s. Department of hud section 236 guidelines
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 90
- Accountability: 82
- Sustainability: 59
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.5%; rating input score 79
- Program expense ratio: 85.8%; rating input score 86
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 8.5%; rating input score 65; 65th percentile among comparable filings
- Total-asset coverage ratio: 1.56; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.82; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 84; 84th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 78.5% of revenue deployed · 85.8% of spending went to programs
- Governance: 14 of 14 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $1.2M in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- 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 — Accountability: Governance controls: 3 of 7 not reported.
- High — Sustainability: Liabilities to assets ratio scored 11/100.