LAKEWOOD MANOR BAPTIST RETIREMENT COMMUNITY INC

LAKEWOOD MANOR BAPTIST RETIREMENT COMMUNITY INC

Glen Allen, VA, US
501(c)3
EIN
52-1368410

LAKEWOOD MANOR BAPTIST RETIREMENT COMMUNITY INC

Glen Allen, VA, US
501(c)3
EIN
52-1368410

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$46,915,081

Program Services
96%
Other
2%
Investments
2%
Contributions
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$44,559,580

Salaries & Benefits
42%
Depreciation
18%
Other
13%
Offices, Occupancy & IT
13%
Interest
6%
Fees to Service Providers
5%
Grants
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$121,572
$14,928
-88%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$42,358,960
$44,809,995
+6%
Membership Dues
$0
$0
-
Investments
$714,400
$979,778
+37%
Other
-$362,559
$1,110,380
-406%
Total Revenues
$42,832,373
$46,915,081
+10%
Expenses
2023
2024
Change
Grants
$581,625
$583,158
+0%
Benefits to Members
$0
$0
-
Salaries & Benefits
$16,288,315
$18,936,487
+16%
Fees to Service Providers
$2,387,963
$2,102,796
-12%
Advertising & Promotion
$197,699
$199,990
+1%
Offices, Occupancy & IT
$4,610,840
$5,862,645
+27%
Interest
$2,666,865
$2,867,694
+8%
Depreciation
$7,410,340
$8,039,099
+8%
Other
$6,152,916
$5,967,711
-3%
Total Expenses
$40,296,563
$44,559,580
+11%
Net income
2023
2024
Change
Net income
+$2,535,810
+$2,355,501
-7%
Functional Expenses
Summary
2023
2024
Change
Program
$37,532,469
$41,957,683
+12%
Admin
$2,764,094
$2,601,897
-6%
Fundraising
$0
$0
-
Total Expenses
$40,296,563
$44,559,580
+11%
Income Statement
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