Nonprofit · EIN 61-1088950
SAYRE VILLAGE PHASE III INC
Tax-exempt · LEXINGTON, KY 40517
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $6,191,551 | $5,880,123 | $311,428 | $16,037,806 | $13,393,044 | $2,644,762 |
| September 30, 2024 | 990 | $5,885,998 | $5,363,553 | $522,445 | $16,023,015 | $13,754,999 | $2,268,016 |
| September 30, 2023 | 990 | $5,297,694 | $5,501,915 | -$204,221 | $15,765,542 | $14,019,971 | $1,745,571 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $5,931,026
- Investment income
- $96,427
- Net gain from sales of assets
- -$765
- Other revenue
- $164,098
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,929,626
- Salaries, compensation and benefits (total)
- $2,195,792
- Professional fundraising fees
- $0
- Legal fees
- $452
- Accounting fees
- $14,950
- Occupancy
- $316,840
- Depreciation
- $563,583
- Program services (functional)
- $4,578,264
- Management and general (functional)
- $1,301,859
Balance sheet and other
- Total assets, start of year
- $16,023,015
- Total assets, end of year
- $16,037,806
- Total liabilities, end of year
- $13,393,044
- Net assets, end of year
- $2,644,762
- Land, buildings and equipment
- $11,471,778
- Publicly traded securities
- $1,253,197
- Net assets without donor restrictions
- $2,644,762
- Gross receipts
- $6,199,213
- Employees
- 71
- Volunteers
- 0
- Year formed
- 1985
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KAREN VENIS | CHIEF EXECUTIVE OFFICER Officer | 8 | $0 | $304,060 | $0 |
| ELISE HINCHMAN | NON-VOTING BOARD MEMBER Trustee or director | 2 | $0 | $168,508 | $0 |
| NEIL BEDWELL | FORMER CHIEF FNANCIAL OFFICER Officer | 8 | $0 | $152,046 | $8,957 |
| VICKI PHILLIPS | NON-VOTING BOARD MEMBER Trustee or director | 4 | $0 | $109,322 | $8,957 |
| GARY COLEMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| DOUG FLYNN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JL LYNN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| RON RING | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| BENJAMIN BUCKLEY | PAST PRESIDENT Trustee or director | 2 | $0 | $0 | $0 |
| JERRY KELLY | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| BEN ALLEN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| WAYNE LOGAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| TOM HURTZ | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| KENNETHA KEINATH | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| NANCY SKIBA | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFF YEARY | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| DEE HERNDON | PRESIDENT Trustee or director, Officer | 2 | $0 |
| DANIEL DANFORD | BOARD MEMBER Trustee or director | 2 | $0 |
| EVAN MOSSBARGER | BOARD MEMBER Trustee or director | 2 | $0 |
| JANET FEY | BOARD MEMBER Trustee or director | 2 | $0 |
| JANA THORE | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended September 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KAREN VENIS | CHIEF EXECUTIVE OFFICER Officer | 8 | $0 | $265,903 | $0 |
| ELISE HINCHMAN | NON-VOTING BOARD MEMBER Trustee or director | 2 | $0 | $142,649 | $6,346 |
| VICKI PHILLIPS | NON-VOTING BOARD MEMBER Trustee or director | 4 | $0 | $105,308 | $0 |
| NEIL BEDWELL | CHEIF FINANCIAL OFFICER Officer | 8 | $0 | $87,835 | $0 |
| JOHN DUNDON | FORMER CHIEF FINANCIAL OFF Officer | 8 | $0 | $69,088 | $0 |
| GARY COLEMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| DOUG FLYNN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JL LYNN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| RON RING | PAST PRESIDENT Trustee or director | 2 | $0 | $0 | $0 |
| BENJAMIN BUCKLEY | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JERRY KELLY | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| BEN ALLEN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| WAYNE LOGAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| TOM HURTZ | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| KENNETHA KEINATH | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| NANCY SKIBA | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JEFF YEARY | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| DEE HERNDON | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| EVAN MOSSBARGER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KAREN VENIS | CHIEF EXECUTIVE OFFICER Officer | 8 | $0 | $245,110 | $7,368 |
| JOHN DUNDON | FORMER CHIEF FINANCIAL OFF Officer | 8 | $0 | $164,034 | $0 |
| ELISE HINCHMAN | NON-VOTING BOARD MEMBER Trustee or director | 2 | $0 | $125,482 | $11,538 |
| VICKI PHILLIPS | NON-VOTING BOARD MEMBER Trustee or director | 4 | $0 | $95,267 | $0 |
| GARY COLEMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| DOUG FLYNN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JL LYNN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| RON RING | PAST PRESIDENT Trustee or director | 2 | $0 | $0 | $0 |
| BENJAMIN BUCKLEY | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JERRY KELLY | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| BEN ALLEN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| WAYNE LOGAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| TOM HURTZ | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| KENNETHA KEINATH | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| NANCY SKIBA | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JEFF YEARY | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| DEE HERNDON | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| NEIL BEDWELL | CHEIF FINANCIAL OFFICER Officer | 0 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3775 BELLEAU WOOD DR, LEXINGTON, KY 40517-1804
- Principal officer (990 for 2024)
- KAREN VENIS, 3775 BELLEAU WOOD DRIVE, LEXINGTON, KY 40517
- Signed the 990
- KAREN VENIS, EXECUTIVE DIRECTOR
- Phone
- (859) 271-9001
- Return prepared by
- HICKS & ASSOCIATES CPAS PLLC
Mission
A NON-PROFIT SENIOR LIVING COMMUNITY DEDICATED TO PROVIDING QUALITY HOUSING, REHABILITATIVE SERVICES AND LONG-TERM NURSING CARE REFLECTING CHRISTIAN COMPASSION FOR EVERYONE.
Program accomplishments
- OPERATION OF AN APARTMENT COMPLEX FOR ELDERLY AND HANDICAPPED INDIVIDUALS. THERE ARE 117 APARTMENTS.Expenses $4,578,264 · revenue $6,095,124
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 61-1088950
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1986
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22Z)
- Assets (IRS master file)
- $16,037,806
- Income (IRS master file)
- $6,199,213
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $6,191,551 | $5,880,123 | $16,037,806 | XML |
| 990 | September 2024 | $5,885,998 | $5,363,553 | $16,023,015 | XML |
| 990 | September 2023 | $5,297,694 | $5,501,915 | $15,765,542 | XML |
| 990 | September 2022 | $5,456,912 | $5,497,792 | $16,455,988 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-1088950).
Questions about SAYRE VILLAGE PHASE III INC
- What is the EIN of SAYRE VILLAGE PHASE III INC?
- The employer identification number (EIN) of SAYRE VILLAGE PHASE III INC is 61-1088950.
- Is SAYRE VILLAGE PHASE III INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to SAYRE VILLAGE PHASE III INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SAYRE VILLAGE PHASE III INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SAYRE VILLAGE PHASE III INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SAYRE VILLAGE PHASE III INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of SAYRE VILLAGE PHASE III INC?
- The 990 for the year ended September 30, 2025 names KAREN VENIS.
- Who are the officers and directors of SAYRE VILLAGE PHASE III INC?
- The 990 for the year ended September 30, 2025 lists 21 people; 0 received compensation from the organization.
- How much revenue does SAYRE VILLAGE PHASE III INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $6,191,551, expenses of $5,880,123 and total assets of $16,037,806 at year end.
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