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← NATIONAL CHURCH RESIDENCES OF

Form 990 for tax year 2022

Filed by NATIONAL CHURCH RESIDENCES OF.

Totals

Total revenue
$1,254,496
Total expenses
$1,067,160
Contributions and grants received
$1,004,058
Grants paid
$0
Program service revenue
$244,832
Investment income
$3,427
Other revenue
$2,179
Total assets, end of year
$3,755,451
Total liabilities, end of year
$10,210,439
Net assets or fund balances, end of year
-$6,454,988
Program services expenses (Part IX)
$975,781
Management and general expenses
$91,379
Fundraising expenses
$0
Program service expenses (Part III)
$975,781

Program services were 91.4% 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.

  • 1e · Government grants (contributions)

    $1,004,058

  • 2a · Program service revenue: RENTS - NET

    total $244,832 · related or exempt $244,832

  • 3 · Investment income

    total $3,427 · excluded $3,427

  • 11a · Other revenue: LAUNDRY & VENDING

    total $1,865 · related or exempt $1,865

  • 11b · Other revenue: DAMAGE & CLEANING FEES

    total $300 · related or exempt $300

  • 11d · All other revenue

    total $14 · related or exempt $14

  • 11e · Other revenue, total

    $2,179

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $68,819 · management and general $68,819

  • 11b · Fees: legal

    total $200 · program services $200

  • 11c · Fees: accounting

    total $21,354 · management and general $21,354

  • 11g · Fees: other

    total $130,323 · program services $130,323

  • 12 · Advertising and promotion

    total $838 · program services $838

  • 13 · Office expenses

    total $43,870 · program services $43,870

  • 16 · Occupancy

    total $446,576 · program services $446,576

  • 17 · Travel

    total $439 · program services $439

  • 19 · Conferences, conventions and meetings

    total $1,243 · program services $37 · management and general $1,206

  • 22 · Depreciation, depletion and amortization

    total $171,165 · program services $171,165

  • 23 · Insurance

    total $57 · program services $57

  • 24a · Other expenses: CONTRACT SERVICES

    total $178,950 · program services $178,950

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $3,326 · program services $3,326

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $120,925 · end of year $142,915

  • 2 · Savings and temporary cash investments

    beginning of year $829,496 · end of year $941,300

  • 4 · Accounts receivable

    beginning of year $23,226 · end of year $11,663

  • 9 · Prepaid expenses and deferred charges

    beginning of year $62,387 · end of year $56,812

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

    $6,522,714

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

    $3,939,090

  • 10c · Land, buildings and equipment, net

    beginning of year $2,740,620 · end of year $2,583,624

  • 15 · Other assets

    beginning of year $20,266 · end of year $19,137

  • 17 · Accounts payable and accrued expenses

    beginning of year $141,090 · end of year $139,105

  • 19 · Deferred revenue

    beginning of year $231 · end of year $1,242

  • 23 · Secured mortgages and notes payable

    beginning of year $10,280,488 · end of year $10,052,455

  • 25 · Other liabilities

    beginning of year $17,435 · end of year $17,637

  • 27 · Net assets without donor restrictions

    beginning of year -$6,642,324 · end of year -$6,454,988

Mission and programs · 2022

Mission

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

Activities or mission (Part I)

PROVIDE HOUSING FOR LOW AND MODERATE INCOME PERSONS.

  • THE SOLE PURPOSE IS TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING, THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE, AND OPERATION THEREOF ON A NONPROFIT BASIS.

    Expenses $975,781 · Revenue $247,011

As filed on the 2022 return.

Listed in Part VII

  • J LYNN ANDERSON

    DIRECTOR (THROUGH 12/31/22)

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • ROBERT MALONEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • TINGTING LI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • JOSEPH R KASBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • LARRY BELLMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • JAMES MOATS

    DIRECTOR (THROUGH 12/31/22)

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • MARK THOMPSON

    DIRECTOR (THROUGH 12/31/22)

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • VIRGINIA BARNEY

    DIRECTOR (EFFECTIVE 01/01/23)

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • SEAN DEFOUR

    DIRECTOR (EFFECTIVE 01/01/23)

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • SANDRA BRUMMITT

    DIRECTOR (EFFECTIVE 01/01/23)

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • ROBERT WALTER

    VICE PRESIDENT (EFFECTIVE 01/01/23)

    Total calculated
    $491,000
    From this org
    $0
    From related orgs
    $463,072
    Other
    $27,928
    Hours/week
    0.1 + 49.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $354,712 related
    Bonus
    $0 + $108,000 related
    Other
    $0 + $360 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $9,628 related
    Filer's total
    $0 + $491,000 related

  • MATTHEW D RULE

    PRESIDENT (EFFECTIVE 01/01/23)

    Total calculated
    $481,634
    From this org
    $0
    From related orgs
    $437,237
    Other
    $44,397
    Hours/week
    0.1 + 49.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $310,427 related
    Bonus
    $0 + $125,000 related
    Other
    $0 + $1,810 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $13,897 related
    Filer's total
    $0 + $481,634 related

  • SONYA BROWN

    VICE PRESIDENT

    Total calculated
    $345,248
    From this org
    $0
    From related orgs
    $305,691
    Other
    $39,557
    Hours/week
    0.1 + 49.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $260,961 related
    Bonus
    $0 + $44,200 related
    Other
    $0 + $530 related
    Deferred
    $0 + $29,354 related
    Nontaxable benefits
    $0 + $10,203 related
    Filer's total
    $0 + $345,248 related

  • JULIE M WOOLLEY

    SECRETARY

    Total calculated
    $291,182
    From this org
    $0
    From related orgs
    $268,480
    Other
    $22,702
    Hours/week
    0.1 + 49.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $242,296 related
    Bonus
    $0 + $25,850 related
    Other
    $0 + $334 related
    Deferred
    $0 + $20,746 related
    Nontaxable benefits
    $0 + $1,956 related
    Filer's total
    $0 + $291,182 related

  • ERIC WALKER

    VICE PRESIDENT (EFFECTIVE 01/01/23)

    Total calculated
    $261,489
    From this org
    $0
    From related orgs
    $228,292
    Other
    $33,197
    Hours/week
    0.1 + 49.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,501 related
    Bonus
    $0 + $47,555 related
    Other
    $0 + $236 related
    Deferred
    $0 + $21,589 related
    Nontaxable benefits
    $0 + $11,608 related
    Filer's total
    $0 + $261,489 related

  • JILL KOLB

    TREASURER

    Total calculated
    $248,414
    From this org
    $0
    From related orgs
    $209,679
    Other
    $38,735
    Hours/week
    0.1 + 49.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,846 related
    Bonus
    $0 + $27,675 related
    Other
    $0 + $158 related
    Deferred
    $0 + $21,075 related
    Nontaxable benefits
    $0 + $17,660 related
    Filer's total
    $0 + $248,414 related

  • STEVEN T BODKIN

    PRESIDENT (THROUGH 12/31/22)

    Total calculated
    $526,312
    From this org
    $0
    From related orgs
    $477,320
    Other
    $48,992
    Hours/week
    0.1 + 49.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $367,499 related
    Bonus
    $0 + $106,000 related
    Other
    $0 + $3,821 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $18,492 related
    Filer's total
    $0 + $526,312 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, A RELATED ORGANIZATION, ESTABLISHES THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. THE FOLLOWING METHODS WERE USED BY NATIONAL CHURCH RESIDENCES TO ESTABLISH COMPENSATION LEVELS: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, 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: STEVEN T. BODKIN: $19,757 MATTHEW D. RULE: $10,369 SONYA M. BROWN: $9,273 JULIE M. WOOLLEY: $2,817 JILL KOLB: $5,521 ERIC WALKER: $9,458 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

No itemized grants to organizations 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
2022
Filed
15 January 2024
IRS schema version
2022v5.0
Source object
202400169349302875

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