Nashville Christian Towers Inc
- Assets
- $0.0
- Revenue
- $29.8m
- Investments
- $0.0
- Employees
- 24
- Location
- Nashville, TN
- Founding
- 08/1977
- Data as of
- 06/2023
- EIN
- 23-7446293
Organization Overview
Nashville Christian Towers Inc is located in Nashville, TN. The organization was established in 1977. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Nashville Christian Towers Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nashville Christian Towers Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Nashville Christian Towers Inc generated $29.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 45.4% each year . All expenses for the organization totaled $38.1m during the year ending 06/2023. While expenses have increased by 50.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2023, Nashville Christian Towers Inc has awarded 17 individual grants totaling $37,126,642. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RENTAL OF LOW INCOME HOUSING TO ELDERLY OR DISABLED
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF LOW INCOME HOUSING TO ELDERLY AND DISABLED-175 TOTAL RESIDENT UNITS OCCUPIED BY RESIDENTS ELIGIBLE FOR FEDERAL HOUSING ASSISTANCE PAYMENT (HAP) - 1 UNIT OCCUPIED BY RESIDENT NOT ELIGIBLE FOR HAP
DONATION OF FUNDS IN SUPPORT OF A VARIETY OF NONPROFIT ORGNAIZATIONS THAT ALIGN WITH THE MISSION AND CONTINURE TO CARRY OUT THE LEGACY OF THE FORMER VULTEE CHURCH OF CHRIST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Perry Burch Pres & Director | OfficerTrustee | 2 | $0 |
Roy Burch Director | Trustee | 2 | $0 |
Olivia Gordan Director | Trustee | 2 | $0 |
Tim Barton Executive Director/directo | OfficerTrustee | 40 | $47,633 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $985,423 |
| Investment income | $380,863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,446,245 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,826,935 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,149,269 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,303 |
| Compensation of current officers, directors, key employees. | $513 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $251,792 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,894 |
| Payroll taxes | $22,793 |
| Fees for services: Management | $131,203 |
| Fees for services: Legal | $59,436 |
| Fees for services: Accounting | $44,822 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,660 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $168,395 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,626 |
| Insurance | $0 |
| All other expenses | $9,879 |
| Total functional expenses | $38,134,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Nashville Christian Towers Inc has awarded $37,126,642 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
THE SIGNATRY PURPOSE: DONATION OF REMAINING ASSETS TO DONOR ADVISED FUND TO CONTINUE CHARITABLE GIVING PAST THIS ORGANIZATION'S END. | $36,141,642 |
WORLD CHRISTIAN BROADCASTING PURPOSE: OPERATIONAL SUPPORT | $12,500 |
NOLEN HILLS CHURCH OF CHRIST PURPOSE: OPERATIONAL SUPPORT | $200,000 |
AGAPE PURPOSE: OPERATIONAL SUPPORT | $25,000 |
HEALING HANDS INTERNATIONAL PURPOSE: OPERATIONAL SUPPORT | $100,000 |
THE LAKESHORE FOUNDATION PURPOSE: OPERATIONAL SUPPORT | $25,000 |