National Church Residences
- Assets
- $219.1m
- Revenue
- $109.4m
- Investments
- $0.0
- Employees
- 3,218
- Location
- Columbus, OH
- Founding
- 05/1962
- Data as of
- 06/2023
- EIN
- 31-0651750
Organization Overview
National Church Residences is located in Columbus, OH. The organization was established in 1962. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, National Church Residences employed 3,218 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. National Church Residences 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, National Church Residences generated $109.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $82.4m during the year ending 06/2023. While expenses have increased by 9.4% 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 2015, National Church Residences has awarded 92 individual grants totaling $26,240,092. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND MANAGE HOUSING AND PROVIDE SERVICES TO INDIVIDUALS WITH LIMITED INCOMES.
Describe the Organization's Program Activity:
NATIONAL CHURCH RESIDENCES 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 NATIONAL CHURCH RESIDENCES OUT OF A CHRISTIAN COMMITMENT TO SERVE OLDER ADULTS' HOUSING, SOCIAL, AND HUMAN NEEDS. NATIONAL CHURCH RESIDENCES HAS GROWN TO BECOME ONE OF THE LARGEST NON-PROFIT PROVIDER OF AFFORDABLE HOUSING FOR SENIORS IN THE NATION WITH MORE THAN 25,000 UNITS IN 25 STATES. NATIONAL CHURCH RESIDENCES OPERATES CONTINUING CARE RETIREMENT COMMUNITIES, NURSING, ASSISTED LIVING, MEMORY CARE, AND ADULT DAY FACILITIES AS WELL AS HOME HEALTH AND HOSPICE PROGRAMS. GOVERNED BY VOLUNTEER BOARD OF DIRECTORS COMPRISED OF A BROAD MIX OF PEOPLE WITH PROFESSIONAL, BUSINESS, AND HUMAN SERVICES BACKGROUNDS, NATIONAL CHURCH RESIDENCES HAS BUILT A PROVEN TRACK RECORD OF EXCELLENCE BASED ON CONTINUOUS IMPROVEMENT TO ITS SERVICES AND STANDARDS OF CARE FOR THOSE WE SERVE. NATIONAL CHURCH RESIDENCES SUPPORTS AND IS AFFILIATED WITH SEVERAL OF THE NATION'S LEADING SENIOR, SOCIAL SERVICE, AND HEALTH CARE ADVOCACY ORGANIZATIONS, INCLUDING LEADINGAGE, THE NATIONAL AFFORDABLE HOUSING MANAGEMENT ASSOCIATION (NAHMA), AND LEADINGAGE OHIO. NATIONAL CHURCH RESIDENCES IS RECOGNIZED AS A NATIONAL LEADER IN INTEGRATING HOMES AND SUPPORTIVE SERVICES FOR SENIORS AND VULNERABLE INDIVIDUALS. AS A RESPECTED MEMBER OF THE NOT-FOR-PROFIT COMMUNITY, NATIONAL CHURCH RESIDENCES IS VITALLY INTERESTED IN CONTRIBUTING TO THE FORMATION OF PUBLIC POLICY ISSUES AFFECTING THOSE WE SERVE. OUR GROWTH IS ATTRIBUTABLE TO THE SUCCESSFUL PUBLIC AND PRIVATE PARTNERSHIPS REQUIRED TO DEVELOP NEEDED HOUSING COMMUNITIES AND ESTABLISH MEANINGFUL SERVICE PROGRAMS FOR RESIDENTS IN THE COMMUNITIES WE SERVE. OUR VISION IS TO CONTINUALLY IMPROVE SOCIETY BY TRANSFORMING THE WAY SENIORS AND POPULATIONS LIVE AND THRIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Overmyer Board Chair | OfficerTrustee | 0.5 | $0 |
Ginny Barney Vice Chair | OfficerTrustee | 0.5 | $0 |
Peter Vogel Director, Past Chair | Trustee | 0.5 | $0 |
Janet Meeks Director | Trustee | 0.5 | $0 |
Peter Pavarini Director | Trustee | 0.5 | $0 |
Jennifer Spalding Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hchb Holdings Software Implementaion Consulting | 6/29/23 | $796,410 |
Ftk Interests Construction Services | 6/29/23 | $705,393 |
Squire Patton Boggs Llc Legal Services | 6/29/23 | $382,879 |
Foresight Marketing Llc Strategy/sales/marketing Consulting | 6/29/23 | $257,300 |
James A Bowman Consulting Services | 6/29/23 | $232,234 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $22,214,755 |
| Government grants | $4,590,291 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,560 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,880,606 |
| Total Program Service Revenue | $81,133,073 |
| Investment income | $1,390,836 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$267,830 |
| Net Gain/Loss on Asset Sales | -$95,847 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $109,414,476 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,356,945 |
| 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. | $4,452,242 |
| Compensation of current officers, directors, key employees. | $4,452,242 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,063,632 |
| Pension plan accruals and contributions | $2,594,067 |
| Other employee benefits | $0 |
| Payroll taxes | $2,344,455 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $731,505 |
| Fees for services: Accounting | $461,516 |
| Fees for services: Lobbying | $986,930 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,235 |
| Fees for services: Other | $6,236,532 |
| Advertising and promotion | $1,518,440 |
| Office expenses | $1,263,598 |
| Information technology | $3,129,847 |
| Royalties | $0 |
| Occupancy | $702,572 |
| Travel | $1,523,431 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,023,704 |
| Interest | $693,848 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $428,311 |
| Insurance | $306,506 |
| All other expenses | $469,923 |
| Total functional expenses | $82,376,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,922,792 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,090,052 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $58,443,257 |
| Inventories for sale or use | $24,507 |
| Prepaid expenses and deferred charges | $4,604,868 |
| Net Land, buildings, and equipment | $4,353,004 |
| Investments—publicly traded securities | $312,500 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $62,343,641 |
| Total assets | $219,094,621 |
| Accounts payable and accrued expenses | $18,287,612 |
| Grants payable | $0 |
| Deferred revenue | $1,605,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,486,167 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $23,438,731 |
| Unsecured mortgages and notes payable | $7,910 |
| Other liabilities | $803,134 |
| Total liabilities | $45,628,554 |
| Net assets without donor restrictions | $173,466,067 |
| 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 | $219,094,621 |
Grants Awarded
Over the last fiscal year, National Church Residences has awarded $1,351,020 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
COMMONS AT BUCKINGHAM PURPOSE: GENERAL SUPPORT | $71,579 |
COMMONS AT LIVINGSTON PURPOSE: GENERAL SUPPORT | $69,351 |
COMMONS AT GARDEN LAKE PURPOSE: GENERAL SUPPORT | $90,535 |
COMMONS AT THIRD PURPOSE: GENERAL SUPPORT | $76,416 |
MAPLE VILLAGE PURPOSE: GENERAL SUPPORT | $39,383 |
COMMONS AT CHANTRY PURPOSE: GENERAL SUPPORT | $13,880 |