National Investment Center For Seniors Housing & Care Inc
- Assets
- $55.7m
- Revenue
- $19.4m
- Investments
- $2.1m
- Employees
- 63
- Location
- Annapolis, MD
- Founding
- 12/1994
- Data as of
- 12/2021
- EIN
- 52-1802714
Organization Overview
National Investment Center For Seniors Housing & Care Inc is located in Annapolis, MD. The organization was established in 1994. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, National Investment Center For Seniors Housing & Care Inc employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Investment Center For Seniors Housing & Care 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 12/2021, National Investment Center For Seniors Housing & Care Inc generated $19.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $25.6m during the year ending 12/2021. While expenses have increased by 11.3% per year over the past 7 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 2016, National Investment Center For Seniors Housing & Care Inc has awarded 24 individual grants totaling $622,572. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENABLE THE ACCESS AND CHOICE OF AMERICA'S SENIORS IN THEIR HOUSING AND CARE BY PROVIDING DATA, ANALYTICS AND CONNECTIONS THAT BRING TOGETHER INVESTORS AND PROVIDERS IN THE SECTOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NIC MAP VISION SUBSRIPTION SERVICE - REVENUE FROM SUBSCRIPTION TO NIC MAP VISION, WHICH PROVIDES TIME SERIES DATA ON OPERATIONAL AND FINANCIAL PERFORMANCE OF SENIORS HOUSING AND CARE PROPERTIES AND INFORMATION ON POPULATIONS BY GEOGRAPHY. NIC MAP VISION ADVANCES NIC'S CHARITABLE AND EDUCATIONAL MISSION TO MAKE SENIORS HOUSING AND CARE SETTINGS AND SERVICES AVAILABLE TO A GREATER PERCENTAGE OF AMERICA'S ELDERS BY PROVIDING INCREASED TRANSPARENCY FROM RELIABLE DATA AND ANALYTICS WHICH SERVE TO INCREASE THE AVAILABILITY OF CAPITAL AND TO COMPRESS THE COST OF CAPITAL FOR SENIORS HOUSING AND CARE ORGANIZATIONS.
NATIONAL CONFERENCE AND EDUCATIONAL EVENTS - CONFERENCES AND EDUCATIONAL EVENTS ARE HELD TO EXCHANGE INFORMATION RELATED TO THE ORGANIZATION'S EXEMPT PURPOSE. THE CONFERENCES AND EDUCATIONAL EVENTS ADVANCE NIC'S CHARITABLE AND EDUCATIONAL MISSION TO PROMOTE AVAILABILITY AND QUALITY OF HOUSING AND CARE FOR AMERICA'S ELDERS BY PROVIDING A FORUM FOR THE EXCHANGE OF DATA AND ANALYTICS WHICH COMPRESS THE COST OF CAPITAL FOR SENIORS HOUSING AND CARE ORGANIZATIONS, PROMOTE EDUCATION ON THE CRITICAL ROLE OF OPERATIONS AND OPERATORS IN THE QUALITY AND SUCCESS OF SENIORS HOUSING AND CARE, AND PROVIDE A FORUM FOR THE DEVELOPMENT OF LEADERS IN SENIORS HOUSING AND CARE.
RESEARCH SERVICES - REVENUE RECEIVED FROM SUPPORT OF RESEARCH PROJECTS, RESEARCH STUDIES, AND SPONSORSHIPS OF RESEARCH PUBLICATIONS. NIC'S RESEARCH ADVANCES NIC'S CHARITABLE AND EDUCATIONAL MISSION BY INCREASING TRANSPARENCY, ENABLING ACCESS AND CHOICE FOR AMERICA'S ELDERS, ENCOURAGING LEADERSHIP DEVELOPMENT, AND FOSTERING INNOVATION IN SENIORS HOUSING AND CARE. DURING 2021, NIC FUNDED AN ANALYSIS BY NORC AT THE UNIVERSITY OF CHICAGO (NORC) FUNDED BY NIC WHICH IDENTIFIED THAT 51% OF U.S. SENIOR LIVING FACILITIES EXPERIENCED NO COVID-19 DEATHS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Jurutka President And CEO | OfficerTrustee | 50 | $338,976 |
Robert Kramer Founder And Advisor | Trustee | 20 | $292,609 |
Charles Harry Chief Operating Officer | Officer | 50 | $270,498 |
Elizabeth Mace Chief Economist | Officer | 50 | $262,699 |
Priscilla Hammett Sr Director, Finance & Admin | Officer | 50 | $160,468 |
Laurie Tomko Sr Director, Corp Comm & Mktg | 50 | $141,153 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nixon Peabody Legal Services | 12/30/21 | $551,406 |
Marriott Marquis Houston Fall Conference | 12/30/21 | $1,391,180 |
Ascento Capital Professional Services | 12/30/21 | $510,000 |
Cigna Health Health Insurance | 12/30/21 | $491,410 |
Csi Washington Dc Event Planners | 12/30/21 | $368,017 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,292,466 |
| All other contributions, gifts, grants, and similar amounts not included above | $221,970 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,514,436 |
| Total Program Service Revenue | $16,840,812 |
| Investment income | $219 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,355,581 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $74,850 |
| 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. | $1,433,253 |
| Compensation of current officers, directors, key employees. | $326,285 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,125,598 |
| Pension plan accruals and contributions | $110,988 |
| Other employee benefits | $739,389 |
| Payroll taxes | $579,910 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $581,527 |
| Fees for services: Accounting | $91,022 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,750,961 |
| Advertising and promotion | $688,700 |
| Office expenses | $701,666 |
| Information technology | $2,234,238 |
| Royalties | $0 |
| Occupancy | $369,973 |
| Travel | $186,219 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,882,818 |
| Interest | $388,740 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,374,604 |
| Insurance | $73,649 |
| All other expenses | $0 |
| Total functional expenses | $25,575,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,351,371 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,227,322 |
| 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 | $258,288 |
| Net Land, buildings, and equipment | $9,229,901 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,136,036 |
| Investments—program-related | $0 |
| Intangible assets | $34,851,501 |
| Other assets | $600,380 |
| Total assets | $55,654,799 |
| Accounts payable and accrued expenses | $1,262,162 |
| Grants payable | $0 |
| Deferred revenue | $5,424,751 |
| 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 | $3,196,401 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,168,447 |
| Total liabilities | $11,051,761 |
| Net assets without donor restrictions | $44,603,038 |
| 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 | $55,654,799 |
Grants Awarded
Over the last fiscal year, National Investment Center For Seniors Housing & Care Inc has awarded $56,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Monica, CA PURPOSE: SCHOLARSHIP FUND | $50,000 |
Hartford, CT PURPOSE: RESEARCH SPONSORSHIP | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that National Investment Center For Seniors Housing & Care Inc has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
John A Hartford Foundation New York, NY PURPOSE: NATIONAL STUDY ON THE IMPACT OF COVID-19 IN SENIOR LIVING, PHASE 2 | $100,000 |
John A Hartford Foundation New York, NY PURPOSE: NATIONAL STUDY ON THE IMPACT OF COVID-19 IN SENIOR LIVING, PHASE 2 | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philadelphia Corporation For Aging Philadelphia, PA | $34,478,381 | $88,420,112 |
Living Independence For The Elderly Pittsburgh Inc Pittsburgh, PA | $45,005,656 | $55,592,400 |
Center For Workforce Inclusion Inc Silver Spring, MD | $19,940,028 | $57,138,753 |
National Caucus And Center On Black Aging Inc Washington, DC | $2,283,957 | $29,565,598 |
National Investment Center For Seniors Housing & Care Inc Annapolis, MD | $55,654,799 | $19,355,581 |
Bay Aging Urbanna, VA | $23,060,386 | $20,939,151 |
Southwestern Pennsylvania Area Charleroi, PA | $3,794,920 | $18,303,240 |
Southwestern Community Action Council Inc Huntington, WV | $3,442,684 | $16,539,322 |
Mountain Empire Older Citizens Inc Big Stone Gap, VA | $8,808,055 | $17,898,946 |
Central West Virginia Aging Services Inc Buckhannon, WV | $10,635,053 | $17,319,473 |
Appalachian Agency For Senior Citizens Cedar Bluff, VA | $13,226,617 | $17,944,269 |
Wvsc Metro Area Agency On Aging Inc Dunbar, WV | $2,022,123 | $10,856,707 |