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← NATIONAL CHURCH RESIDENCES FOUNDATION

Form 990 for tax year 2023

Filed by NATIONAL CHURCH RESIDENCES FOUNDATION.

Totals

Total revenue
$15,984,932
Total expenses
$18,049,516
Contributions and grants received
$6,371,223
Grants paid
$17,351,229
Program service revenue
$0
Investment income
$9,665,429
Other revenue
-$51,720
Total assets, end of year
$122,255,147
Total liabilities, end of year
$161,275
Net assets or fund balances, end of year
$122,093,872
Program services expenses (Part IX)
$17,396,551
Management and general expenses
$652,965
Fundraising expenses
$0
Program service expenses (Part III)
$17,396,551

Program services were 96.4% 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

    $320,781

  • 1d · Related organizations

    $416,438

  • 1e · Government grants (contributions)

    $75,000

  • 1f · All other contributions, gifts and grants

    $5,559,004

  • 1g · Noncash contributions included above

    $55,385

  • 3 · Investment income

    total $2,840,260 · excluded $2,840,260

  • 7a · Gross sales of assets other than inventory

    securities $62,126,258

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

    securities $55,301,089

  • 7c · Gain or loss

    securities $6,825,169

  • 7d · Net gain or loss

    total $6,825,169 · excluded $6,825,169

  • 8a · Fundraising events: gross income

    $136,152

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

    $320,781

  • 8b · Fundraising events: direct expenses

    $187,872

  • 8c · Net income from fundraising events

    total -$51,720 · excluded -$51,720

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,351,229 · program services $17,351,229

  • 11f · Fees: investment management

    total $236,527 · management and general $236,527

  • 11g · Fees: other

    total $416,438 · management and general $416,438

  • 13 · Office expenses

    total $4,099 · program services $4,099

  • 17 · Travel

    total $504 · program services $504

  • 20 · Interest

    total $40,719 · program services $40,719

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $529,703 · end of year $3,963,015

  • 11 · Investments: publicly traded securities

    beginning of year $58,296,790 · end of year $65,665,233

  • 12 · Investments: other securities

    beginning of year $59,720,761 · end of year $45,314,798

  • 15 · Other assets

    beginning of year $7,382,814 · end of year $7,312,101

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,730 · end of year $10,061

  • 25 · Other liabilities

    beginning of year $2,778,755 · end of year $151,214

  • 27 · Net assets without donor restrictions

    beginning of year $113,982,533 · end of year $108,746,064

  • 28 · Net assets with donor restrictions

    beginning of year $9,130,050 · end of year $13,347,808

Mission and programs · 2023

Mission

ORIGINATING FROM A CHRISTIAN COMMITMENT OF SERVICE, OUR MISSION IS TO PROVIDE HIGH QUALITY CARE, SERVICES AND RESIDENTIAL COMMUNITIES FOR SENIORS.

Activities or mission (Part I)

TO DEVELOP AND MANAGE HOUSING AND PROVIDE SERVICES TO INDIVIDUALS WITH LIMITED INCOMES.

  • NATIONAL CHURCH RESIDENCES FOUNDATION IS A NOT-FOR-PROFIT CORPORATION CERTIFIED AS A 501(C)(3) CHARITABLE ORGANIZATION. IN 1961, THE REVEREND JOHN R. GLENN AND FOUR OHIO PRESBYTERIAN CHURCHES FORMED THE PARENT COMPANY OF NATIONAL CHURCH RESIDENCES OUT OF A CHRISTIAN COMMITMENT TO SERVE OLDER ADULTS' HOUSING, SOCIAL, AND HUMAN NEEDS. NATIONAL CHURCH RESIDENCES FOUNDATION WAS SPUN OFF FROM THE PARENT COMPANY OF NATIONAL CHURCH RESIDENCES IN 2005 TO SEPARATE OUT THE PHILANTHROPIC FUNCTION OF THAT OHIO NOT-FOR-PROFIT CORPORATION. IT FUNCTIONS TO FURTHER THE MISSION OF THE PARENT ORGANIZATION BY PROVIDING ADDITIONAL SUPPORT TO IT AND ITS AFFILIATES AND TO PROVIDE CHARITY CARE FOR THE RESIDENTS OF COMMUNITIES OWNED AND OPERATED BY NATIONAL CHURCH RESIDENCES.NATIONAL CHURCH RESIDENCES FOUNDATION SUPPORTS THE MISSION OF NATIONAL CHURCH RESIDENCES WHO OWNS/MANAGES OVER 350 AFFORDABLE SENIOR AND HOUSING COMMUNITIES IN 25 STATES, SERVING OVER 30,000 RESIDENTS. IN ADDITION, NCR OPERATES TWENTY-THREE HEALTHCARE ENTITIES (SKILLED NURSING, ASSISTED LIVING, HOME HEALTH AND HOSPICE) IN OHIO AND FLORIDA. NATIONAL CHURCH RESIDENCES SUPPORTS AND IS AFFILIATED WITH SEVERAL OF THE NATION'S LEADING SENIOR, SOCIAL, AND HEALTH CARE ADVOCACY ORGANIZATIONS - LEADING AGE; THE NATIONAL AFFORDABLE HOUSING MANAGEMENT ASSOCIATION (NAHMA); LEADING AGE OHIO.THE MISSION OF NATIONAL CHURCH RESIDENCES IS TO PROVIDE HIGH QUALITY CARE, SERVICES, AND COMMUNITIES FOR SENIORS, ORIGINATING FROM A CHRISTIAN COMMITMENT OF SERVICE.

    Expenses $17,396,551 · Grants $17,351,229

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • GREG OVERMYER

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • PETER VOGEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • JANET MEEKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • PETER PAVARINI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • JASON LAWSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • ROBERT MALONEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • GREG COMFORT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • GINNY BARNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • JENNIFER SPALDING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • SUSAN DIMICKELE

    PRESIDENT/CEO

    Total calculated
    $653,210
    From this org
    $0
    From related orgs
    $607,577
    Other
    $45,633
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $493,327 related
    Bonus
    $0 + $108,250 related
    Other
    $0 + $6,000 related
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $19,233 related
    Filer's total
    $0 + $653,210 related

  • ROBERT WALTER

    VICE PRESIDENT, TREASURER

    Total calculated
    $554,329
    From this org
    $0
    From related orgs
    $517,229
    Other
    $37,100
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $385,303 related
    Bonus
    $0 + $125,926 related
    Other
    $0 + $6,000 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $17,300 related
    Filer's total
    $0 + $554,329 related

  • JULIE M WOOLLEY

    SECRETARY

    Total calculated
    $441,510
    From this org
    $0
    From related orgs
    $413,137
    Other
    $28,373
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $304,037 related
    Bonus
    $0 + $107,100 related
    Other
    $0 + $2,000 related
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $1,973 related
    Filer's total
    $0 + $441,510 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
NATIONAL CHURCH RESIDENCES FOUNDATION RELIED ON A RELATED ORGANIZATION (NATIONAL CHURCH RESIDENCES) THAT USED THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -FORM 990 OF OTHER ORGANIZATIONS -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B
DURING THE CURRENT YEAR, NATIONAL CHURCH RESIDENCES, A RELATED ORGANIZATION, MADE CONTRIBUTIONS TO A 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN FOR THE FOLLOWING INDIVIDUALS LISTED ON PART VII OF THE FORM 990: JULIE WOOLLEY: $4,063 ROBERT WALTER: $6,941 SUSAN DIMICKELE: $15,521 THE 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN IS AVAILABLE TO KEY EMPLOYEES OF THE ORGANIZATION, AS DEFINED BY THE ORGANIZATION AND NOT PART VII OF THE FORM 990. THE 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN WILL VEST UPON TRIGGERING SEVERANCE WITH THE ORGANIZATION. TRIGGERING SEVERANCE, AS DEFINED IN THE PLAN DOCUMENT, MEANS A PARTICIPANT'S SEVERANCE OF SERVICE, (1) AT ANY TIME ON OR AFTER THE PARTICIPANT'S ENTITLEMENT DATE OR (2) IF EARLIER, (A) BECAUSE OF DEATH OR DISABILITY, (B) BY THE EMPLOYER FOR REASONS OTHER THAN CAUSE, OR (C) BY THE PARTICIPANT FOR GOOD REASON. FOR THIS PURPOSE, SEVERANCE OF SERVICE SHALL BE CONSTRUED CONSISTENTLY WITH THE DEFINITION OF SEPARATION OF SERVICE UNDER CODE SECTION 409A.

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

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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
7 April 2025
IRS schema version
2023v6.0
Source object
202541079349301554

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