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Nonprofiteer
← NORAS GIFT FOUNDATION INC

Form 990 for tax year 2024

Filed by NORAS GIFT FOUNDATION INC.

Totals

Total revenue
$2,499,532
Total expenses
$1,558,463
Contributions and grants received
$1,198,710
Grants paid
$0
Program service revenue
$295,113
Investment income
$1,173,519
Other revenue
-$167,810
Total assets, end of year
$18,532,739
Total liabilities, end of year
$117,706
Net assets or fund balances, end of year
$18,415,033
Program services expenses (Part IX)
$994,796
Management and general expenses
$538,926
Fundraising expenses
$24,741
Program service expenses (Part III)
$994,796

Program services were 63.8% 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

    $828,265

  • 1f · All other contributions, gifts and grants

    $370,445

  • 1g · Noncash contributions included above

    $16,240

  • 2a · Program service revenue: ROOM FEES

    total $295,113 · related or exempt $295,113

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $336,648 · excluded $336,648

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $11,578,922

  • 7b · Less cost or other basis and sales expenses

    securities $10,742,051

  • 7c · Gain or loss

    securities $836,871 · other assets $0

  • 7d · Net gain or loss

    total $836,871 · excluded $836,871

  • 8a · Fundraising events: gross income

    $114,670

  • 8a · Fundraising events: contributions included on line 1c

    $828,265

  • 8b · Fundraising events: direct expenses

    $301,186

  • 8c · Net income from fundraising events

    total -$186,516 · excluded -$186,516

  • 9a · Gaming: gross income

    $24,330

  • 9b · Gaming: direct expenses

    $5,624

  • 9c · Net income from gaming

    total $18,706 · excluded $18,706

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $79,154 · management and general $79,154

  • 7 · Other salaries and wages

    total $527,594 · program services $364,736 · management and general $162,858

  • 9 · Other employee benefits

    total $42,456 · program services $24,616 · management and general $17,840

  • 10 · Payroll taxes

    total $15,263 · management and general $15,263

  • 11a · Fees: management

    total $4,009 · management and general $4,009

  • 11c · Fees: accounting

    total $48,550 · management and general $48,550

  • 11g · Fees: other

    total $135,003 · program services $0 · management and general $135,003 · fundraising $0

  • 12 · Advertising and promotion

    total $22,444 · program services $9,003 · management and general $13,441

  • 13 · Office expenses

    total $16,782 · program services $3,858 · management and general $12,924

  • 14 · Information technology

    total $32,726 · management and general $32,726

  • 16 · Occupancy

    total $311,178 · program services $311,178

  • 19 · Conferences, conventions and meetings

    total $1,684 · management and general $1,684

  • 22 · Depreciation, depletion and amortization

    total $239,133 · program services $239,133

  • 23 · Insurance

    total $20,473 · program services $4,999 · management and general $15,474

  • 24a · Other expenses: GUEST ROOM EXPENSE

    total $37,273 · program services $37,273

  • 24b · Other expenses: FUNDRAISING & DEVELOPMENT

    total $24,741 · fundraising $24,741

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $405,287 · end of year $642,785

  • 2 · Savings and temporary cash investments

    beginning of year $559,435 · end of year $2,727,150

  • 3 · Pledges and grants receivable

    beginning of year $592,044 · end of year $465,973

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $91,262 · end of year $68,649

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

    $7,628,107

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

    $1,914,198

  • 10c · Land, buildings and equipment, net

    beginning of year $5,935,428 · end of year $5,713,909

  • 11 · Investments: publicly traded securities

    beginning of year $9,968,957 · end of year $8,914,273

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $62,586 · end of year $21,231

  • 19 · Deferred revenue

    beginning of year $2,100 · end of year $23,975

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $13,609 · end of year $72,500

  • 27 · Net assets without donor restrictions

    beginning of year $11,801,224 · end of year $12,868,210

  • 28 · Net assets with donor restrictions

    beginning of year $5,672,894 · end of year $5,546,823

Mission and programs · 2024

Mission

NORA'S HOME IS A MULTI-RESOURCE LIFE CENTER DEDICATED TO TRANSPLANT AND ORGAN FAILURE PATIENTS AND THEIR FAMILIES.

Activities or mission (Part I)

TO OFFER AFFORDABLE LODGING FOR PRE & POST-TRANSPLANT PATIENTS AND THEIR FAMILIES WHO TRAVEL FOR TREATMENT AT ANY OF THE SOLID ORGAN TRANSPLANT CENTERS IN THE TMC.

  • NORA'S HOME WELCOMES PATIENTS AND THEIR FAMILIES AT ANY STAGE OF THE ORGAN TRANSPLANT JOURNEY. THE HOSPITALITY HOME AIMS TO EASE THE BURDENS MANY PATIENTS FACE BY HELPING REDUCE THE IMMENSE EXPENSE AND STRESS INCURRED WHILE UNDERGOING TRANSPLANT CARE BY PROVIDING AFFORDABLE LODGING IN A LOVING, HOME-LIKE ENVIRONMENT. THE SELFSUPPORTING FACILITY INCLUDES 32 GUEST SUITES WITH PRIVATE BEDROOMS AND BATHS, A FULLY-EQUIPPED KITCHEN, A GREAT ROOM, A SUN ROOM, A MEDITATION ROOM, OUTDOOR HEALING GARDEN, AND PROVIDES FREE SHUTTLE SERVICES TO AND FROM THE TEXAS MEDICAL CENTER. SERVED 514 GUESTS IN 2024 REPRESENTING 8,771 NIGHT STAYS.

    Expenses $994,796 · Revenue $295,113

As filed on the 2024 return.

Listed in Part VII

  • A OSAMA GABER MD

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    4
  • J MICHAEL ROSE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • JOHN ZERR

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • AMY MCCALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • ELLIS TUDZIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • GABRIEL LOOR MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • IMAD ABDULLAH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JERRY PATEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • KAYLA LEHMANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • LILLIAN GABER MD

    FOUNDING DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • M WALEED GABER PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • MATTHEW GIROTTO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • NANCY NAYANA PATEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • R PATRICK WOOD MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Annette Monks

    EXECUTIVE DIRECTOR

    Total calculated
    $13,813
    From this org
    $13,813
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Natalie Lencioni

    EXECUTIVE DIRECTOR

    Total calculated
    $65,341
    From this org
    $65,341
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.1
Source object
202533219349306903

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