Form 990 for tax year 2024
Filed by EPISCOPAL RETIREMENT SERVICES FOUNDATION.
Totals
- Total revenue
- $2,204,505
- Total expenses
- $2,868,334
- Contributions and grants received
- $1,829,500
- Grants paid
- $2,491,489
- Program service revenue
- $0
- Investment income
- $386,654
- Other revenue
- -$11,649
- Total assets, end of year
- $61,911,503
- Total liabilities, end of year
- $62,702
- Net assets or fund balances, end of year
- $61,848,801
- Program services expenses (Part IX)
- $2,868,334
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,868,334
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$226,395
-
1f · All other contributions, gifts and grants
$1,603,105
-
1g · Noncash contributions included above
$8,282
-
3 · Investment income
total $386,654 · excluded $386,654
-
8a · Fundraising events: gross income
$18,500
-
8a · Fundraising events: contributions included on line 1c
$226,395
-
8b · Fundraising events: direct expenses
$45,126
-
8c · Net income from fundraising events
total -$26,626 · excluded -$26,626
-
11a · Other revenue: NON-OPERATING INCOME
total $12,657 · excluded $12,657
-
11b · Other revenue: OTHER PARTNERSHIP INCO
total $2,320 · unrelated business $2,320
-
11e · Other revenue, total
$14,977
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,491,489 · program services $2,491,489
-
24a · Other expenses: OPERATING EXPENSES
total $323,514 · program services $323,514
-
24b · Other expenses: FUND DEVELOPMENT COSTS
total $51,448 · program services $51,448
-
24c · Other expenses: BANK CHARGES
total $1,883 · program services $1,883
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,543,207 · end of year $3,242,683
-
3 · Pledges and grants receivable
beginning of year $239,136 · end of year $233,106
-
11 · Investments: publicly traded securities
beginning of year $28,475,678 · end of year $29,887,836
-
15 · Other assets
beginning of year $26,768,119 · end of year $28,547,878
-
25 · Other liabilities
beginning of year $67,103 · end of year $62,702
-
27 · Net assets without donor restrictions
beginning of year $26,144,858 · end of year $27,954,341
-
28 · Net assets with donor restrictions
beginning of year $31,814,179 · end of year $33,894,460
Mission and programs · 2024
Mission
THE EXCLUSIVE PURPOSE FOR WHICH EPISCOPAL RETIREMENT SERVICES FOUNDATION WAS FORMED IS TO SOLICIT, RECEIVE, ACQUIRE, HOLD, MONITOR AND INVEST MONEY AND OTHER REAL AND PERSONAL PROPERTY AND, FROM TIME TO TIME, DISBURSE THE SAME AND/OR THE INCOME THEREFROM TO EPISCOPAL RETIREMENT SERVICES (ERS) AND/OR OTHER ORGANIZATIONS THAT ERS IS A MEMBER OF, INCLUDING, BUT NOT LIMITED TO, EPISCOPAL RETIREMENT HOMES, INC., EPISCOPAL RETIREMENT SERVICES DEVELOPMENT, LLC, AND EPISCOPAL RETIREMENT HOMES AFFORDABLE LIVING LLC, AND ALL AFFILIATES OF WHICH IT IS A MEMBER.
Activities or mission (Part I)
THE EXCLUSIVE PURPOSE FOR WHICH EPISCOPAL RETIREMENT SERVICES FOUNDATION WAS FORMED IS TO SOLICIT, RECEIVE, ACQUIRE, HOLD, MONITOR AND INVEST MONEY AND OTHER REAL AND PERSONAL PROPERTY AND, FROM TIME TO TIME, DISBURSE THE SAME AND/OR THE INCOME THEREFROM TO EPISCOPAL RETIREMENT HOMES, INC., AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRC OF 1986 AS AMENDED AND AS FURTHER DESCRIBED IN SECTION 509(A)(1) OF SAID CODE.
-
THE EPISCOPAL RETIREMENT SERVICES FOUNDATION (ERSF) HAS BEEN SUCCESSFUL IN SOLICITING, RECEIVING AND INVESTING FUNDS FOR THE SUPPORT OF EPISCOPAL RETIREMENT SERVICES (ERS) AND EPISCOPAL RETIREMENT HOMES, INC. (ERH). THIS HAS ENABLED ERS AND ERH TO CONTINUE OPERATING AND DEVELOPING SENIOR HOUSING FOR THE COMMUNITY IN CONTINUING CARE RETIREMENT COMMUNITIES, AFFORDABLE SUBSIDIZED HOUSING, COMMUNITY SERVICES, MEALS ON WHEELS AND PARISH HEALTH MINISTRY.
Expenses $2,868,334 · Grants $2,491,489
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Joann HagopianJOANN HAGOPIAN
CHAIR
- Total calculated
- $0
- Hours/week
- 0.2 + 0.6 related
-
Dora AnimDORA ANIM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2 + 0.6 related
-
Jon B BossJON B BOSS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2 + 0.5 related
-
Tony BrunsTONY BRUNS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
W Thomas CooperW THOMAS COOPER
BOARD MEMBER -ECHF REP
- Total calculated
- $0
- Hours/week
- 0.2 + 0.6 related
-
Rev Darren ElinREV DARREN ELIN
BOARD MEMBER-BISHOP'S REP
- Total calculated
- $0
- Hours/week
- 0.2 + 0.6 related
-
Eric KearneyERIC KEARNEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2 + 0.6 related
-
Apryl PopeAPRYL POPE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2 + 0.6 related
-
Tom ReganTOM REGAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2 + 0.6 related
-
Thomas RetfordTHOMAS RETFORD
BOARD MEMBER -DH REP
- Total calculated
- $0
- Hours/week
- 0.2 + 0.6 related
-
Bill WoodsBILL WOODS
BOARD MEMBER -MPL REP
- Total calculated
- $0
- Hours/week
- 0.2 + 0.6 related
-
Chip WorkmanCHIP WORKMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2 + 0.6 related
-
Laura LambLAURA LAMB
CEO
- Total calculated
- $537,180
- From this org
- $0
- From related orgs
- $458,571
- Other
- $78,609
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $442,945 related
- Bonus
- $0 + $6,626 related
- Other
- $0 + $9,000 related
- Deferred
- $0 + $38,800 related
- Nontaxable benefits
- $0 + $39,809 related
- Filer's total
- $0 + $537,180 related
-
Daniel StewardDANIEL STEWARD
CFO
- Total calculated
- $307,910
- From this org
- $0
- From related orgs
- $273,923
- Other
- $33,987
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $240,957 related
- Bonus
- $0 + $32,966 related
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $33,987 related
- Filer's total
- $0 + $307,910 related
-
Beverly EdwardsBEVERLY EDWARDS
VP -RESIDENTIAL HEALTHCARE
- Total calculated
- $217,518
- From this org
- $0
- From related orgs
- $214,067
- Other
- $3,451
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $187,825 related
- Bonus
- $0 + $26,242 related
- Other
- $0
- Deferred
- $0 + $3,187 related
- Nontaxable benefits
- $0 + $264 related
- Filer's total
- $0 + $217,518 related
-
Joan WetzelJOAN WETZEL
VP -HUMAN RESOURCES
- Total calculated
- $216,941
- From this org
- $0
- From related orgs
- $177,755
- Other
- $39,186
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $155,530 related
- Bonus
- $0 + $22,225 related
- Other
- $0
- Deferred
- $0 + $3,305 related
- Nontaxable benefits
- $0 + $35,881 related
- Filer's total
- $0 + $216,941 related
-
James WilsonJAMES WILSON
VP -AFFORDABLE LIVING
- Total calculated
- $211,000
- From this org
- $0
- From related orgs
- $195,240
- Other
- $15,760
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $168,989 related
- Bonus
- $0 + $26,251 related
- Other
- $0
- Deferred
- $0 + $3,759 related
- Nontaxable benefits
- $0 + $12,001 related
- Filer's total
- $0 + $211,000 related
-
Lauryn MooreLAURYN MOORE
VP -MARKETING
- Total calculated
- $84,224
- From this org
- $0
- From related orgs
- $76,695
- Other
- $7,529
- Hours/week
- 10 + 30 related
-
Bryan ReynoldsBRYAN REYNOLDS
VP -MARKETING
- Total calculated
- $23,186
- From this org
- $0
- From related orgs
- $21,832
- Other
- $1,354
- Hours/week
- 10 + 30 related
-
Megan BradfordMEGAN BRADFORD
VP -MIDDLE MARKET & MINISTRY
- Total calculated
- $165,285
- From this org
- $0
- From related orgs
- $159,379
- Other
- $5,906
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $140,851 related
- Bonus
- $0 + $18,528 related
- Other
- $0
- Deferred
- $0 + $5,642 related
- Nontaxable benefits
- $0 + $264 related
- Filer's total
- $0 + $165,285 related
-
Joy BlangJOY BLANG
EXECUTIVE DIRECTOR OF PHILATHROPY
- Total calculated
- $177,981
- From this org
- $0
- From related orgs
- $135,468
- Other
- $42,513
- Hours/week
- 10
Schedule J breakdown matched by us
- Base
- $0 + $120,385 related
- Bonus
- $0 + $15,083 related
- Other
- $0
- Deferred
- $0 + $2,924 related
- Nontaxable benefits
- $0 + $39,589 related
- Filer's total
- $0 + $177,981 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- EPISCOPAL RETIREMENT HOMES INC, A RELATED PARTY, USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO: - COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
EPISCOPAL RETIREMENT HOMES INC
$1,852,541
GENERAL OPERATING SUPPORT
-
$638,948
GENERAL OPERATING SUPPORT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · SUPPORTING ORGANIZATION · OH
-
EPISCOPAL RETIREMENT HOMES INC
501(C)(3) · LOE INCOME HOUSING · OH · controlled entity
Directly controlled by EPISCOPAL RETIREMENT SERVICES
-
501(C)(3) · RETIREMENT COMMUNITIES · KY · controlled entity
Directly controlled by EPISCOPAL RETIREMENT SERVICES
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523219349300437
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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