Bluegrass Steeplechase Estates INC

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Offers housing for low-income individuals with mental health or developmental disabilities. For fiscal year 2025 it reported $97K in revenue, $146K in expenses, and $-586K in net assets.Pt I

Type: Public charity (501(c)(3)) · Human Services
Location: Lexington, KY
Website: www.newvista.org
Filings: 5 on file (2021–2025)

Revenue

$97KFY2025

Expenses

$146K

Net assets

$-586K

People

Filings

Updates

More identity details & actions ⌄

EIN 26-3184480 Public charity (501(c)(3)) Lexington, KY

Form 990 (PDF)

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Size

<$100K

What they do

Offers housing for low-income individuals with mental health or developmental disabilities.

Leadership

Philip Berger · Board Member

Money in and out

$97K revenue, $146K expenses

Bottom line

78% program efficiency

Where the money goes · FY2025

Total revenue

$97K

Pt VIII · Ln 12

Total expenses

$146K

Pt IX · Ln 25

Net assets

$-586K

Pt X · Ln 32

Revenue less expenses (Pt I · Ln 19): −$49K

Where spending went · Part IX cols B–D

78%

22%

Program services $0.78 Management & general $0.22

Program efficiency

78%

of spending reaches programs▲ +3% vs prior filing year

Operating runway

0.5mo

months of highly liquid reserves at operating expense rate▼ -29% vs prior filing year

Surplus margin

-51%

revenue over expenses, this year▲ +32% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990

Revenue

$97K

FY2025▲ +10%

Expenses

$146K

FY2025▼ -5%

Total assets

$1.4M

FY2025▼ -3%

Total liabilities

$2.0M

FY2025+0.4%

Total revenue

$97K

Pt VIII · Ln 12

Total expenses

$146K

Pt IX · Ln 25

Net assets

$-586K

Pt X · Ln 32

Revenue less expensesPt I · Ln 19−$49K

Total assetsPt X · Ln 16$1.4M

Program-expense ratioPt IX · col B78%

Voting members of governing bodyPt I · Ln 37

Independent voting membersPt I · Ln 46

Mission & Programs · Part III

Where the work happens

1 program service account for $114K of program spending, described in the organization's own filed words · FY2024.

Operation of a 10-UNIT apartment project in winchester, ky to house low income individuals with mental HEALTH/INTELLECTUAL and developmental disabilities.

$114Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item CBluegrass Steeplechase Estates INC

EINHdr · item D26-3184480

Principal addressHdr · item CLexington, KY

WebsiteHdr · item Jwww.newvista.org

Year of formationHdr · item Lpending

State of legal domicileHdr · item MKY

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFHuman Services (P73)

Ruling yearIRS BMFSep 2014

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1a7

Independent voting membersPt VI · Ln 1b6

Conflict-of-interest policyPt VI · Ln 12aYes

Whistleblower policyPt VI · Ln 13Yes

Document retention policyPt VI · Ln 14Yes

CEO/top-official compensation independently reviewedPt VI · Ln 15aYes

Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Philip Berger

Board Member

$0Pt VII · Sec A

Karen Ward

Board Vice Chair

$0Pt VII · Sec A

Joseph Conley

Board Member

$0Pt VII · Sec A

Harold McKinney

Board Member

$0Pt VII · Sec A

Dee Werline

Officer/Board Secretary-Tr

$0Pt VII · Sec A

Mary June Brunker

Board Member

$0Pt VII · Sec A

Susan Starling

Board Chair

$0Pt VII · Sec A

Dana Royse

CFO (through 12/31/24)

$0Pt VII · Sec A

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Statement of Revenue

Part VIII

Program service revenue$96K · 99%

Investment income$814 · 1%

Program service revenue99%$96K

Investment income1%$814

Total revenueLn 12$97K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

78%

22%

Program services $0.78 Management & general $0.22

Program services78%$114K

Management & general22%$33K

Total functional expensesLn 25$146K

Balance Sheet

Part X · end of year

CashLn 1$6K

Total assetsLn 16$1.4M

Total liabilitiesLn 26$2.0M

Total net assetsLn 32$-586K

Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $6K · Operating expenses/yr $146K

0.5 months

Where the money goes

Program services

Program services $114K · Total expenses $146K

78%

Management & General

Management & general $33K · Total expenses $146K

22%

Fundraising

Fundraising $0 · Total expenses $146K

Cost to raise $1

Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0

Solicited contributions below reporting floor

Where the money comes from

Contribution dependence

Contributions & grants $0 · Total revenue $97K

Government reliance

Government grants — · Total revenue $97K

—

Earned-income share

Program service revenue $96K · Total revenue $97K

99%

Investment reliance

Investment income $814 · Total revenue $97K

+0.8%

Program self-sufficiency

Program service revenue $96K · Total expenses $146K

66%

Growth & trend

Revenue growth (YoY)

This year $97K · Prior year $88K

+10%

Revenue CAGR

FY2020 $83K · FY2024 $97K

+4%

Net-asset trend (YoY)

End of year $-586K · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $97K · Expenses $146K

-51%

Liabilities-to-Assets

Total liabilities — · Total assets $1.4M

—

Net-asset ratio

Net assets $-586K · Total assets $1.4M

-43%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M

Excludes program-related investments (Pt X, ln 13)

People & payroll

Highest Reported Total Compensation

Individual Philip Berger · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $146K

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $146K

—

Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

Metric	This org	Peer median	Percentile
Program ratio	78%	—	—
Overhead ratio	22%	—	—
Revenue growth	10%	—	—
Accounting fee ratio	5%	—	—

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

FY2025 (Latest)$97K revenue · viewing · ⤓ 990 PDF

FY2024$88K revenue · ⤓ 990 PDF

FY2023$91K revenue · ⤓ 990 PDF

FY2022$90K revenue · ⤓ 990 PDF

FY2021$83K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2025IRS

Classification, formation year, addressIRS Business Master File

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