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← NATIONAL CHURCH RESIDENCES

Form 990 for tax year 2022

Filed by NATIONAL CHURCH RESIDENCES.

Totals

Total revenue
$741,623
Total expenses
$747,849
Contributions and grants received
$593,978
Grants paid
$0
Program service revenue
$141,172
Investment income
$3,608
Other revenue
$2,865
Total assets, end of year
$3,185,681
Total liabilities, end of year
$4,296,338
Net assets or fund balances, end of year
-$1,110,657
Program services expenses (Part IX)
$602,253
Management and general expenses
$145,596
Fundraising expenses
$0
Program service expenses (Part III)
$602,253

Program services were 80.5% 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)

    $593,978

  • 2a · Program service revenue: RENTS - NET

    total $141,172 · related or exempt $141,172

  • 3 · Investment income

    total $3,608 · excluded $3,608

  • 11a · Other revenue: LAUNDRY & VENDING

    total $2,865 · related or exempt $2,865

  • 11e · Other revenue, total

    $2,865

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $40,110 · management and general $40,110

  • 13 · Office expenses

    total $28,937 · program services $28,937

  • 16 · Occupancy

    total $43,544 · program services $43,544

  • 20 · Interest

    total $284,094 · program services $187,623 · management and general $96,471

  • 22 · Depreciation, depletion and amortization

    total $96,753 · program services $96,753

  • 23 · Insurance

    total $31,003 · program services $31,003

  • 24a · Other expenses: CONTRACT SERVICES

    total $151,697 · program services $151,697

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $46,346 · program services $46,346

  • 24c · Other expenses: RESIDENT SOCIAL ACTIVIT

    total $16,350 · program services $16,350

  • 24d · Other expenses: MISC. ADMIN

    total $9,015 · management and general $9,015

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,551 · end of year $8,739

  • 2 · Savings and temporary cash investments

    beginning of year $12,258 · end of year $12,758

  • 4 · Accounts receivable

    beginning of year $64,098 · end of year $76,754

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,519 · end of year $14,233

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

    $4,179,003

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

    $2,411,822

  • 10c · Land, buildings and equipment, net

    beginning of year $1,753,164 · end of year $1,767,181

  • 15 · Other assets

    beginning of year $827,470 · end of year $1,306,016

  • 17 · Accounts payable and accrued expenses

    beginning of year $133,504 · end of year $11,599

  • 19 · Deferred revenue

    beginning of year $9 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $2,731,787 · end of year $4,272,119

  • 25 · Other liabilities

    beginning of year $12,123 · end of year $12,620

  • 27 · Net assets without donor restrictions

    beginning of year -$204,363 · end of year -$1,110,657

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 $602,253 · Revenue $144,037

As filed on the 2022 return.

Listed in Part VII

  • 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

  • RAFAEL A ARREOLA

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • ROBERT WALTER

    TREASURER (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

  • STEVEN T BODKIN

    DIRECTOR

    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

  • THOMAS W SLEMMER

    DIRECTOR (THROUGH 12/31/22)

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • STEVE SOUTH

    DIRECTOR (EFFECTIVE 01/01/23)

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • FATHER JOHN KELLER

    DIRECTOR (EFFECTIVE 01/01/23)

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • JULIE M WOOLLEY

    SECRETARY (EFFECTIVE 01/01/23)

    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

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 1B
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 JULIE M. WOOLLEY: $2,817 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
20 December 2023
IRS schema version
2022v5.0
Source object
202343549349301359

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