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← NATIONAL INVESTMENT CENTER FOR SENIORS HOUSING & CARE INC

Form 990 for tax year 2024

Filed by NATIONAL INVESTMENT CENTER FOR SENIORS HOUSING & CARE INC.

Totals

Total revenue
$13,287,197
Total expenses
$16,979,646
Contributions and grants received
$0
Grants paid
$97,500
Program service revenue
$14,820,007
Investment income
$563,752
Other revenue
-$2,096,562
Total assets, end of year
$38,924,124
Total liabilities, end of year
$7,005,043
Net assets or fund balances, end of year
$31,919,081
Program services expenses (Part IX)
$14,700,804
Management and general expenses
$2,278,842
Fundraising expenses
$0
Program service expenses (Part III)
$14,700,804

Program services were 86.6% 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.

  • 2a · Program service revenue: CONFERENCE AND EVENTS

    total $10,897,103 · related or exempt $10,897,103

  • 2b · Program service revenue: SPONSORSHIP

    total $3,422,870 · related or exempt $3,422,870

  • 2c · Program service revenue: ACADEMY INCOME

    total $421,426 · related or exempt $421,426

  • 2d · Program service revenue: RESEARCH INCOME

    total $78,608 · related or exempt $78,608

  • 3 · Investment income

    total $563,752 · excluded $563,752

  • 5 · Royalties

    total $10,000 · excluded $10,000

  • 11a · Other revenue: OTHER INCOME

    total $4,600 · excluded $4,600

  • 11b · Other revenue: IMPAIRMENT LOSS

    total -$687,766 · excluded -$687,766

  • 11c · Other revenue: LOSS FROM JOINT VENTURE

    total -$1,423,396 · excluded -$1,423,396

  • 11e · Other revenue, total

    -$2,106,562

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $97,500 · program services $97,500

  • 5 · Compensation of officers, directors and key employees

    total $1,675,498 · program services $1,151,275 · management and general $524,223

  • 7 · Other salaries and wages

    total $3,850,901 · program services $3,014,972 · management and general $835,929

  • 8 · Pension plan contributions

    total $199,478 · program services $162,749 · management and general $36,729

  • 9 · Other employee benefits

    total $341,216 · program services $285,038 · management and general $56,178

  • 10 · Payroll taxes

    total $316,806 · program services $238,867 · management and general $77,939

  • 11b · Fees: legal

    total $38,839 · program services $10,427 · management and general $28,412

  • 11c · Fees: accounting

    total $54,148 · management and general $54,148

  • 11f · Fees: investment management

    total $28,677 · management and general $28,677

  • 11g · Fees: other

    total $1,431,622 · program services $1,270,302 · management and general $161,320

  • 12 · Advertising and promotion

    total $330,514 · program services $330,514

  • 13 · Office expenses

    total $336,317 · program services $274,309 · management and general $62,008

  • 14 · Information technology

    total $455,979 · program services $406,539 · management and general $49,440

  • 16 · Occupancy

    total $358,460 · program services $279,007 · management and general $79,453

  • 17 · Travel

    total $434,468 · program services $380,570 · management and general $53,898

  • 19 · Conferences, conventions and meetings

    total $6,123,716 · program services $6,073,645 · management and general $50,071

  • 22 · Depreciation, depletion and amortization

    total $139,276 · program services $1,362 · management and general $137,914

  • 23 · Insurance

    total $116,624 · program services $76,438 · management and general $40,186

  • 24a · Other expenses: MERCHANT FEES

    total $413,417 · program services $413,417

  • 24b · Other expenses: PRINTING AND PRODUCTION

    total $236,190 · program services $233,873 · management and general $2,317

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,203,390 · end of year $1,817,891

  • 4 · Accounts receivable

    beginning of year $350,397 · end of year $328,738

  • 9 · Prepaid expenses and deferred charges

    beginning of year $77,102 · end of year $110,662

  • 10a · Land, buildings and equipment: cost or other basis

    $2,412,933

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,826,132

  • 10c · Land, buildings and equipment, net

    beginning of year $720,791 · end of year $586,801

  • 11 · Investments: publicly traded securities

    beginning of year $17,784,525 · end of year $17,196,258

  • 13 · Investments: program-related

    beginning of year $18,377,550 · end of year $16,266,388

  • 15 · Other assets

    beginning of year $2,625,133 · end of year $2,617,386

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,087,584 · end of year $1,105,417

  • 19 · Deferred revenue

    beginning of year $1,976,714 · end of year $3,111,042

  • 25 · Other liabilities

    beginning of year $3,079,134 · end of year $2,788,584

  • 27 · Net assets without donor restrictions

    beginning of year $34,995,456 · end of year $31,919,081

Mission and programs · 2024

Mission

TO ENABLE THE ACCESS AND CHOICE OF AMERICA'S SENIORS IN THEIR HOUSING AND CARE BY PROVIDING DATA, ANALYTICS AND CONNECTIONS THAT BRING TOGETHER INVESTORS AND PROVIDERS IN THE SECTOR.

  • CONFERENCES AND EDUCATIONAL EVENTS ARE HELD TO EXCHANGE INFORMATION RELATED TO THE ORGANIZATION'S EXEMPT PURPOSE. THE CONFERENCES AND EDUCATIONAL EVENTS ADVANCE NIC'S CHARITABLE AND EDUCATIONAL MISSION TO PROMOTE AVAILABILITY AND QUALITY OF HOUSING AND CARE FOR AMERICA'S ELDERS BY PROVIDING A FORUM FOR THE EXCHANGE OF DATA AND ANALYTICS WHICH COMPRESS THE COST OF CAPITAL FOR SENIORS HOUSING AND CARE ORGANIZATIONS, PROMOTE EDUCATION ON THE CRITICAL ROLE OF OPERATIONS AND OPERATORS IN THE QUALITY AND SUCCESS OF SENIORS HOUSING AND CARE, AND PROVIDE A FORUM FOR THE DEVELOPMENT OF LEADERS IN SENIORS HOUSING AND CARE.

    Expenses $9,478,907 · Revenue $14,256,482

  • REVENUE RECEIVED FROM SUPPORT OF RESEARCH PROJECTS, RESEARCH STUDIES, AND SPONSORSHIPS OF RESEARCH PUBLICATIONS. NIC'S RESEARCH ADVANCES NIC'S CHARITABLE AND EDUCATIONAL MISSION BY INCREASING TRANSPARENCY, ENABLING ACCESS AND CHOICE FOR AMERICA'S ELDERS, ENCOURAGING LEADERSHIP DEVELOPMENT, AND FOSTERING INNOVATION IN SENIORS HOUSING AND CARE.

    Expenses $3,812,014 · Grants $97,500 · Revenue $83,108

  • NIC ACADEMY IS THE ONLY PROFESSIONAL CERTIFICATION PROGRAM DEDICATED TO SENIOR HOUSING AND CARE. BECAUSE OF NIC'S RESOURCES, CURRICULUM, FACULTY AND TEACHING METHOD, STUDENTS ARE ABLE TO IMMEDIATELY PUT THEIR LEARNING TO USE AND START MAKING AN IMPACT IN THEIR ORGANIZATION.

    Expenses $1,409,883 · Revenue $480,417

As filed on the 2024 return.

Listed in Part VII

  • Susan Barlow

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Kenneth Segarnick

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.4

  • Fee Stubblefield

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.4

  • John Rijos

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Bre Grubbs

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    0.4

  • Imran Javaid

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Aron Will

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    0.4

  • Kurt Read

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Cindy Baier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

  • Jack Callison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

  • Chip Gabriel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

  • Vickas Gupta

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

  • Kai Hsiao

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

  • Justin Hutchens

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

  • Lynne Katzmann

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

  • Mercedes Kerr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

  • Sevy Petras

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

  • Mathew Ruark

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

  • Kathleen Ryser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

  • Allison O'Connor

    BOARD MEMBER AS OF 06/24

    Total calculated
    $0
    Hours/week
    0.4

  • Lucida Baier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.4

  • Raymound Braun

    PRESIDENT & CEO

    Total calculated
    $688,335
    From this org
    $643,239
    From related orgs
    $0
    Other
    $45,096
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $443,239
    Bonus
    $200,000
    Other
    $0
    Deferred
    $24,150
    Nontaxable benefits
    $20,946
    Filer's total
    $688,335

  • Robert Kramer

    FOUNDER & ADVISOR

    Total calculated
    $564,869
    From this org
    $515,390
    From related orgs
    $0
    Other
    $49,479
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $515,390
    Bonus
    $0
    Other
    $0
    Deferred
    $24,150
    Nontaxable benefits
    $25,329
    Filer's total
    $564,869

  • Priscilla Hammet

    SR DIRECTOR, FINANCE & ADMIN

    Total calculated
    $219,579
    From this org
    $185,378
    From related orgs
    $0
    Other
    $34,201
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $113,661
    Bonus
    $70,917
    Other
    $800
    Deferred
    $13,335
    Nontaxable benefits
    $20,866
    Filer's total
    $219,579

  • Alia Iqbal

    DIRECTOR FINANCE & ADMINISTRATION

    Total calculated
    $202,710
    From this org
    $181,288
    From related orgs
    $0
    Other
    $21,422
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $181,238
    Bonus
    $0
    Other
    $50
    Deferred
    $5,225
    Nontaxable benefits
    $16,197
    Filer's total
    $202,710

  • Lisa McCracken

    HEAD OF RESEARCH & ANALYTICS

    Total calculated
    $350,862
    From this org
    $322,775
    From related orgs
    $0
    Other
    $28,087
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $286,253
    Bonus
    $36,522
    Other
    $0
    Deferred
    $17,771
    Nontaxable benefits
    $10,316
    Filer's total
    $350,862

  • Bill Kauffman

    SENIOR PRINCIPAL

    Total calculated
    $225,387
    From this org
    $182,665
    From related orgs
    $0
    Other
    $42,722
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,761
    Bonus
    $25,904
    Other
    $0
    Deferred
    $13,431
    Nontaxable benefits
    $29,291
    Filer's total
    $225,387

  • Caroline Clapp

    SENIOR PRINCIPAL

    Total calculated
    $238,290
    From this org
    $194,395
    From related orgs
    $0
    Other
    $43,895
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,024
    Bonus
    $29,346
    Other
    $25
    Deferred
    $14,255
    Nontaxable benefits
    $29,640
    Filer's total
    $238,290

  • Jamie Gray

    DIRECTOR VOLUNTEER ENGAGEMENT

    Total calculated
    $190,013
    From this org
    $154,367
    From related orgs
    $0
    Other
    $35,646
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,769
    Bonus
    $12,468
    Other
    $130
    Deferred
    $8,625
    Nontaxable benefits
    $27,021
    Filer's total
    $190,013

  • Charles Harry

    CHIEF OPERATING OFFICER UNTIL 04/24

    Total calculated
    $381,294
    From this org
    $373,357
    From related orgs
    $0
    Other
    $7,937
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $81,249
    Bonus
    $65,000
    Other
    $227,108
    Deferred
    $4,421
    Nontaxable benefits
    $3,516
    Filer's total
    $381,294

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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 4A
CHARLES HARRY RECEIVED A SEVERANCE PAYMENT OF $226,308 WHICH IS REFLECTED AS PART OF THE AMOUNT IN SCHEDULE J, PART II, COLUMN B(III). STAFF IS EVALUATED EVERY YEAR FOR PERFORMANCE. THE THREE CATEGORY OF THE PERFORMANCE EVALUATIONS ARE NIC TEAM VALUE, ENTERPRISE GOALS, AND INDIVIDUAL GOALS. OTHER STAFF MEMBERS RECEIVED THE FIXED PERFORMANCE BONUS WHICH WAS PAID IN 2024 WHICH IS REFLECTED AS PART OF THE AMOUNT IN SCHEDULE J, PART II, COLUMN B(II).

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NIC HOLDCO LLC

    INVESTMENT · VA · income -$2,111,162 · assets $16,266,388

    Directly controlled by NIC

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202533179349303708

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