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← NATIONAL INVESTMENT CENTER FOR SENIORS HOUSING & CARE INC

Form 990 for tax year 2022

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

What the amendment changed

Compared with the return it replaced , filed 15 November 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$63,095,686 changed to $36,473,057
Total expenses
$23,489,805 changed to $24,988,614
Program service revenue
$18,479,435 changed to $19,978,246
Investment income
$44,615,342 changed to $17,590,268
Other revenue
$909 changed to -$1,095,457
Total assets, end of year
$48,917,133 changed to $47,820,767
Net assets or fund balances, end of year
$40,798,359 changed to $39,701,993
Program services expenses
$21,944,031 changed to $18,656,722
Management and general expenses
$1,545,774 changed to $6,331,892
Program service expenses (Part III)
$21,944,031 changed to $18,656,722

Listed under a different title

  • Brian Jurutka: President & CEO thru 10/7/2022 then President & CEO-thru 10/7/2022

Totals

Total revenue
$36,473,057
Total expenses
$24,988,614
Contributions and grants received
$0
Grants paid
$72,250
Program service revenue
$19,978,246
Investment income
$17,590,268
Other revenue
-$1,095,457
Total assets, end of year
$47,820,767
Total liabilities, end of year
$8,118,774
Net assets or fund balances, end of year
$39,701,993
Program services expenses (Part IX)
$18,656,722
Management and general expenses
$6,331,892
Fundraising expenses
$0
Program service expenses (Part III)
$18,656,722

Program services were 74.7% 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: Conferences and Events

    total $13,022,379 · related or exempt $13,022,379

  • 2b · Program service revenue: MAP Income

    total $6,771,289 · related or exempt $6,771,289

  • 2c · Program service revenue: Research Income

    total $184,578 · related or exempt $184,578

  • 3 · Investment income

    total $90,268 · excluded $90,268

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    other assets $17,500,000

  • 7c · Gain or loss

    other assets $17,500,000

  • 7d · Net gain or loss

    total $17,500,000 · excluded $17,500,000

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: LOSS FROM JOINT VENTURE

    total -$1,096,366 · excluded -$1,096,366

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $909 · related or exempt $909

  • 11e · Other revenue, total

    -$1,095,457

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $72,250 · program services $72,250

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $2,656,567 · program services $2,115,993 · management and general $540,574

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $6,290,276 · program services $3,555,592 · management and general $2,734,684

  • 8 · Pension plan contributions

    total $118,683 · program services $63,064 · management and general $55,619

  • 9 · Other employee benefits

    total $566,021 · program services $367,346 · management and general $198,675

  • 10 · Payroll taxes

    total $594,027 · program services $367,260 · management and general $226,767

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $177,213 · program services $45,240 · management and general $131,973

  • 11c · Fees: accounting

    total $78,256 · management and general $78,256

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $2,391,272 · program services $1,385,070 · management and general $1,006,202

  • 12 · Advertising and promotion

    total $826,133 · program services $580,352 · management and general $245,781

  • 13 · Office expenses

    total $968,853 · program services $875,614 · management and general $93,239

  • 14 · Information technology

    total $1,871,601 · program services $1,614,454 · management and general $257,147

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $359,051 · program services $331,507 · management and general $27,544

  • 17 · Travel

    total $456,792 · program services $347,196 · management and general $109,596

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $5,342,619 · program services $5,304,661 · management and general $37,958

  • 20 · Interest

    total $266,070 · program services $1 · management and general $266,069

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,598,446 · program services $1,430,761 · management and general $167,685

  • 23 · Insurance

    total $108,815 · program services $57,963 · management and general $50,852

  • 24a · Other expenses: TRAINNING & DEVELOPMENT

    total $81,514 · program services $22,096 · management and general $59,418

  • 24b · Other expenses: Dues and Subscriptions

    total $125,440 · program services $120,302 · management and general $5,138

  • 24c · Other expenses: Bad Debt Expense

    total $26,331 · management and general $26,331

  • 24d · Other expenses: Taxes and Licenses

    total $12,384 · management and general $12,384

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,351,371 · end of year $2,936,968

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $2,227,322 · end of year $279,596

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $258,288 · end of year $60,671

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

    $2,483,815

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

    $1,622,638

  • 10c · Land, buildings and equipment, net

    beginning of year $9,229,901 · end of year $861,177

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $20,803,311

  • 12 · Investments: other securities

    beginning of year $2,136,036 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $20,156,548

  • 14 · Intangible assets

    beginning of year $34,851,501 · end of year $0

  • 15 · Other assets

    beginning of year $600,380 · end of year $2,722,496

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,262,162 · end of year $1,145,964

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $5,424,751 · end of year $3,610,735

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $3,196,401 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,168,447 · end of year $3,362,075

  • 27 · Net assets without donor restrictions

    beginning of year $44,603,038 · end of year $39,701,993

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

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.

Activities or mission (Part I)

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

  • CONFERENCES AND EDUCATIONAL ACTIVITIES: 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 $10,082,917 · Revenue $13,022,379

  • RESEARCH SERVICES: 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 $3,157,849 · Grants $72,250 · Revenue $184,578

  • NIC MAP VISION SUBSRIPTION SERVICE: REVENUE FROM SUBSCRIPTION TO NIC: MAP VISION, WHICH PROVIDES TIME SERIES DATA ON OPERATIONAL AND FINANCIAL PERFORMANCE OF SENIOR HOUSING & CARE PROPERTIES AND INFORMATION ON POPULATIONS BY GEOGRAPHY. NIC MAP VISION ADVANCES NIC'S CHARITABLE AND EDUCATIONAL MISSION TO MAKE SENIORS HOUSING AND CARE SETTINGS AND SERVICES AVAILABLE TO A GREATER PERCENTAGE OF AMERICA'S ELDERS BY PROVIDING INCREASED TRANSPARENCY FROM RELIABLE DATA AND ANALYTICS WHICH SERVE TO INCREASE THE AVAILABILITY OF CAPITAL AND TO COMPRESS THE COST OF CAPITAL FOR SENIORS HOUSING AND CARE ORGANIZATIONS.

    Expenses $5,415,956 · Revenue $6,771,289

As filed on the 2022 return.

Listed in Part VII

  • Brian Jurutka

    President & CEO-thru 10/7/2022

    Total calculated
    $603,865
    From this org
    $563,035
    From related orgs
    $0
    Other
    $40,830
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $315,197
    Bonus
    $200,000
    Other
    $47,838
    Deferred
    $9,150
    Nontaxable benefits
    $31,680
    Filer's total
    $603,865

  • Charles Harry

    Chief Operating Officer

    Total calculated
    $455,632
    From this org
    $419,475
    From related orgs
    $0
    Other
    $36,157
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $283,829
    Bonus
    $135,000
    Other
    $646
    Deferred
    $21,350
    Nontaxable benefits
    $14,807
    Filer's total
    $455,632

  • Elizabeth Mace

    Chief Economist

    Total calculated
    $422,332
    From this org
    $398,321
    From related orgs
    $0
    Other
    $24,011
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $262,309
    Bonus
    $135,000
    Other
    $1,012
    Deferred
    $21,350
    Nontaxable benefits
    $2,661
    Filer's total
    $422,332

  • Robert Kramer

    Founder and Advisor

    Total calculated
    $409,262
    From this org
    $355,308
    From related orgs
    $0
    Other
    $53,954
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $353,822
    Bonus
    $0
    Other
    $1,486
    Deferred
    $21,350
    Nontaxable benefits
    $32,604
    Filer's total
    $409,262

  • Priscilla Hammett

    Sr Director, Finance & Admin

    Total calculated
    $249,606
    From this org
    $210,113
    From related orgs
    $0
    Other
    $39,493
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $176,400
    Bonus
    $33,067
    Other
    $646
    Deferred
    $15,046
    Nontaxable benefits
    $24,447
    Filer's total
    $249,606

  • Laurie Tomko

    Sr Director, Corp Comm & Mktg

    Total calculated
    $225,093
    From this org
    $179,898
    From related orgs
    $0
    Other
    $45,195
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $149,510
    Bonus
    $30,000
    Other
    $388
    Deferred
    $13,219
    Nontaxable benefits
    $31,976
    Filer's total
    $225,093

  • William Kauffman

    Sr. Principal Research

    Total calculated
    $213,171
    From this org
    $167,638
    From related orgs
    $0
    Other
    $45,533
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,891
    Bonus
    $28,437
    Other
    $310
    Deferred
    $12,275
    Nontaxable benefits
    $33,258
    Filer's total
    $213,171

  • Jill Gately

    Director, Event Logistics

    Total calculated
    $195,584
    From this org
    $170,754
    From related orgs
    $0
    Other
    $24,830
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $137,347
    Bonus
    $33,067
    Other
    $340
    Deferred
    $12,114
    Nontaxable benefits
    $12,716
    Filer's total
    $195,584

  • Leigh Anna Geraghty

    Manager, Marketing & Sales Tec

    Total calculated
    $185,726
    From this org
    $140,159
    From related orgs
    $0
    Other
    $45,567
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,587
    Bonus
    $12,039
    Other
    $533
    Deferred
    $10,587
    Nontaxable benefits
    $34,980
    Filer's total
    $185,726

  • Thomas Ryan Brooks

    Sr. Principal Research

    Total calculated
    $183,701
    From this org
    $133,485
    From related orgs
    $0
    Other
    $50,216
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,431
    Bonus
    $15,750
    Other
    $304
    Deferred
    $10,290
    Nontaxable benefits
    $39,926
    Filer's total
    $183,701

  • Staci Goff

    Sr Relationship Dev Mgr

    Total calculated
    $144,608
    From this org
    $134,083
    From related orgs
    $0
    Other
    $10,525
    Hours/week
    40

  • Omar Zahraoui

    Principal

    Total calculated
    $133,250
    From this org
    $114,916
    From related orgs
    $0
    Other
    $18,334
    Hours/week
    40

  • Ray Braun

    President and CEO

    Total calculated
    $95,194
    From this org
    $90,242
    From related orgs
    $0
    Other
    $4,952
    Hours/week
    60

  • Kurt Read

    Board chair

    Total calculated
    $0
    Hours/week
    2

  • Susan Barlow

    Board Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Imran Javaid

    Board Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Kenneth Segarnick

    Assistant Treasurer

    Total calculated
    $0
    Hours/week
    0.4

  • John Rijos

    Board secretary

    Total calculated
    $0
    Hours/week
    1

  • Kelsey Mellard

    Board Assistant Secretary

    Total calculated
    $0
    Hours/week
    1

  • Lucida Baier

    Board Member

    Total calculated
    $0
    Hours/week
    0.4

  • Jack Callison

    Board Member

    Total calculated
    $0
    Hours/week
    0.4

  • Robert Chapin

    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

  • Steven Insoft

    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

  • Matthew Ruark

    Board Member

    Total calculated
    $0
    Hours/week
    0.4

  • Steven Schmidt

    Board Member

    Total calculated
    $0
    Hours/week
    0.4

  • Fee Stubblefield

    Board Member

    Total calculated
    $0
    Hours/week
    0.4

  • Christopher Taylor

    Board Member

    Total calculated
    $0
    Hours/week
    0.4

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
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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:
BRIAN JURUTKA RECEIVED A SEVERANCE PAYMENT OF $46,442 WHICH IS REFLECTED AS PART OF THE AMOUNT IN SCHEDULE J, PART II, COLUMN B(III).
PART I, LINE 5:
SOME EMPLOYEES ARE PAID COMMISSIONS BASED ON SALES IN ADDITION TO SALARY BASE.

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 -$2,783,200 · assets $20,156,548

    Directly controlled by NIC

Related partnerships

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

  • NIC MAP Vision LLC

    IT Service · NC · 31.26% owned · share of income -$2,783,200 · share of assets $8,784,106

Provenance

Return type
form_990
Tax year
2022
Filed
22 February 2024
IRS schema version
2022v5.0
Source object
202430649349301048

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