United Church Homes Inc
- Assets
- $231.0m
- Revenue
- $117.8m
- Investments
- $1.0m
- Employees
- 3,526
- Location
- Marion, OH
- Founding
- 12/1980
- Data as of
- 12/2020
- EIN
- 34-4429276
Organization Overview
United Church Homes Inc is located in Marion, OH. The organization was established in 1980. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2021, United Church Homes Inc employed 3,526 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Church Homes 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 12/2020, United Church Homes Inc generated $117.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $99.3m during the year ending 12/2020. While expenses have increased by 5.7% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
UCH'S MISSION IS TO TRANSFORM AGING BY BUILDING A CULTURE OF COMMUNITY, WHOLENESS, AND PEACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNITED CHURCH HOMES (UCH) IS A CHARITABLE, NOT-FOR PROFIT ORGANIZATION ORGANIZATION WHICH OWNS AND OPERATES LONG-TERM CARE, LICENSED SKILLED NURSING COMMUNITIES, RESIDENTIAL SENIOR HOUSING, AND HANDICAPPED COMMUNITIES PRIMARILY FOR SENIORS AND OTHER DISABLED INDIVIDUALS.
UNITED CHURCH HOMES (UCH) OFFERS AFFORDABLE HOUSING COMMUNITIES FOR RETIRED AND/OR DISABLED INDIVIDUALS. AS SPONSOR OF THESE LOW-INCOME HOUSING CORPORATIONS, UCH HELPS PROMOTE SAFE AND SECURE ENVIRONMENTS, WHICH ENCOURAGE INDEPENDENT LIVING FOR THEIR LOW-INCOME ELDERLY RESIDENTS.
UNITED CHURCH HOMES (UCH) OFFERS MANAGEMENT SERVICES TO HOUSING COMMUNITIES FOR RETIRED AND/OR DISABLED INDIVIDUALS. AS MANAGER OF THESE LOW-INCOME HOUSING CORPORATIONS, UCH HELPS PROMOTE SAFE AND SECURE ENVIRONMENTS FOR THE LOW-INCOME ELDERLY/DISABLED RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Kenneth Daniel President / CEO | OfficerTrustee | 45 | $622,754 |
John Renner VP Finance | Officer | 50 | $387,689 |
Kenneth Young VP Strategic Growth | Officer | 45 | $376,180 |
Scott Slutz VP Human Resources | Officer | 45 | $234,360 |
Gloria Hurwitz VP Communications | Officer | 45 | $222,499 |
Terry Spitznagel Executive Director | 45 | $216,644 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heritage Healthcare Rehabilitation | 12/30/21 | $4,376,544 |
Omnicare Inc Pharmaceutical Services | 12/30/21 | $1,713,063 |
Concordance Healthcare Solutions Supply Chain Services | 12/30/21 | $627,483 |
Leaderstat Consulting | 12/30/21 | $580,997 |
Plante & Moran Pllc Accounting | 12/30/21 | $554,722 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,310,711 |
| Investment income | $869,502 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $17,900 |
| Net Rental Income | $6,850 |
| Net Gain/Loss on Asset Sales | $1,633,593 |
| Net Income from Fundraising Events | $56,108 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $117,776,158 |
| Statement of Expenses | |
|---|---|
| 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. | $2,526,299 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,608,345 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,063,637 |
| Payroll taxes | $3,155,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $220,790 |
| Fees for services: Accounting | $128,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,528,341 |
| Advertising and promotion | $713,079 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,467,950 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,519,094 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,969,851 |
| Insurance | $2,422,259 |
| All other expenses | $0 |
| Total functional expenses | $99,349,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,230 |
| Savings and temporary cash investments | $10,073,965 |
| Pledges and grants receivable | $249,904 |
| Accounts receivable, net | $7,528,222 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $326,048 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $802,385 |
| Investments—publicly traded securities | $70,903,712 |
| Investments—other securities | $1,000,000 |
| Investments—program-related | $14,500,746 |
| Intangible assets | $0 |
| Other assets | $6,499,257 |
| Total assets | $230,951,491 |
| Accounts payable and accrued expenses | $12,866,866 |
| Grants payable | $0 |
| Deferred revenue | $7,580,667 |
| Tax-exempt bond liabilities | $37,745,000 |
| Escrow or custodial account liability | $364,177 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $824,945 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $62,461,114 |
| Total liabilities | $121,842,769 |
| 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 |
| Total liabilities and net assets/fund balances | $109,108,722 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that United Church Homes Inc has recieved totaling $74,582.
| Awarding Organization | Amount |
|---|---|
Cleveland Foundation Cleveland, OH PURPOSE: FUND THE PROCUREMENT OF DIGITAL DEVICES AND THREE YEARS' WORTH OF INTERNET CONNECTIVITY FOR OLDER ADULT RESIDENTS AT THE SOUTH HAVEN WOODS HOUSING COMMUNITY | $30,000 |
Margaret Dorman Tr Cincinnati, OH PURPOSE: ANNUAL FUND | $12,000 |
Harriet S Homer Trust Brooklyn, OH PURPOSE: GENERAL OPERATING | $10,844 |
M L M Charitable Foundation Maumee, OH PURPOSE: GENERAL PURPOSE | $10,000 |
Sourcepoint Delaware, OH PURPOSE: program assistance | $6,203 |
Grand Rapids Community Foundation Grand Rapids, MI PURPOSE: GENERAL OPERATING SUPPORT | $5,535 |
Endowment Analysis
| Beg. Balance | $15,374,404 |
| Earnings | $1,748,512 |
| Net Contributions | $7,967,750 |
| Other Expense | $859,548 |
| Ending Balance | $24,231,118 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Acts Retirement-Life Communities Inc Fort Washington, PA | $1,794,608,174 | $465,695,033 |
Ohio Living Communities Westerville, OH | $447,327,891 | $153,214,887 |
Willow Valley Communities Lancaster, PA | $552,338,395 | $126,609,439 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
Menorah Park Center For Senior Living Beachwood, OH | $96,877,128 | $72,312,185 |
Spiritrust Lutheran York, PA | $151,346,375 | $71,838,005 |
Otterbein Homes Lebanon, OH | $197,247,651 | $73,479,652 |
Humangood Pennsylvania Lafayette Hill, PA | $322,351,436 | $66,729,303 |
Bhi Senior Living Inc Indianapolis, IN | $339,336,234 | $58,133,040 |
Menno-Haven Inc Chambersburg, PA | $224,712,119 | $60,604,024 |
Kendal-Crosslands Communities Kennett Square, PA | $254,475,918 | $64,274,930 |
United Church Of Christ Homes Camp Hill, PA | $133,046,183 | $59,846,484 |