Christian Care Communities reports $970,821 net loss for October

By Sarah Lizee

Olympia, Wash., Nov. 28 – Christian Care Communities & Services reported a $970,821 net loss for October on $2.77 million of gross income/sales, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Northern District of Texas.

In comparison, the company reported a $1.36 million net loss for September on $2.65 million of gross income/sales.

The cash balance at the end of October was $6.61 million, down from $7.25 million at the end of September.

The Texas-based non-profit faith-based organization operates three communities for seniors in Mesquite, Fort Worth and Allen. The company filed bankruptcy on May 23, 2022 under Chapter 11 case number 22-80000.

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