The Episcopal Church Home Inc
- Assets
- $45.2m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 05/1943
- Data as of
- 12/2023
- EIN
- 61-0461720
Organization Overview
The Episcopal Church Home Inc, operating under the name Episcopal Church Home, is located in Cincinnati, OH. The organization was established in 1943. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Episcopal Church Home 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 12/2023, Episcopal Church Home generated $8.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $10.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE QUALITY OF LIFE FOR OLDER ADULTS THROUGH A CARING, CHRISTIAN COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EPISCOPAL CHURCH HOME, INC. (THE ORGANIZATION) IS A KENTUCKY NONPROFIT ORGANIZATION LOCATED IN LOUISVILLE, KENTUCKY. THE ORGANIZATION OPERATES A SENIOR RESIDENTIAL HEALTH CARE FACILITY AND HOME KNOWN AS THE EPISCOPAL CHURCH HOME (THE HOME). THE HOME HAS LICENSES TO OPERATE UP TO 26 SKILLED NURSING FACILITY BEDS, 26 NURSING HOME BEDS, AND 48 PERSONAL CARE BEDS, 26 OF WHICH ARE LOCATED IN A DESIGNATED SPECIAL CARE UNIT FOR MEMORY-IMPAIRED PERSONS. ST. LUKE'S CHAPEL IS LOCATED ADJACENT TO THE HOME AND ITS ACCOUNTS AND ACTIVITIES ARE INCLUDED WITH THOSE OF THE HOME. THE ORGANIZATION ALSO OWNS AND OPERATES DUDLEY SQUARE, AN INDEPENDENT LIVING RETIREMENT COMMUNITY CONSISTING OF 87 TOWNHOUSES ON A SITE ADJACENT TO THE HOME. RESIDENTS OF DUDLEY SQUARE HAVE LIFETIME OCCUPANCY RIGHTS IN RETURN FOR PAYMENT. IN EARLY 2020, ECH ANNOUNCED A $19 MILLION RENOVATION FOR THE CAMPUS WHICH WILL ALLOW IT TO CONTINUE ITS MISSION AND LEGACY OF SERVING OLDER ADULTS IN A PERSON-CENTERED, INNOVATIVE AND SPIRTUALLY-BASED WAY AS WELL AS RESPOND TO CHANGING MARKET TRENDS AND CONSUMER PREFERENCES. THE PROJECT WAS COMPLETED IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Lamb CEO | OfficerTrustee | 10 | $0 |
Rob King Chair | OfficerTrustee | 0.3 | $0 |
Dora Anim Trustee | Trustee | 0.2 | $0 |
Amy Burnette Trustee | Trustee | 0.2 | $0 |
W Thomas Cooper Trustee | Trustee | 0.2 | $0 |
The Rev Canon Amy Coultas Trustee | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ridgestone General Contractor General Contractor Services | 12/30/23 | $3,591,087 |
Healthpro Heritage Llc Healthcare Staffing Services | 12/30/23 | $272,106 |
Sysco Louisville Food Services | 12/30/23 | $223,392 |
Pat O'donnell Landscape And Lawn Care In Maintenance Services | 12/30/23 | $201,723 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $972,932 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $148 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $973,080 |
| Total Program Service Revenue | $6,489,618 |
| Investment income | $47,684 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $117,887 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,045,795 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,695,948 |
| Pension plan accruals and contributions | $52,887 |
| Other employee benefits | $352,711 |
| Payroll taxes | $307,957 |
| Fees for services: Management | $484,704 |
| Fees for services: Legal | $20,919 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $949 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,530 |
| Fees for services: Other | $657,807 |
| Advertising and promotion | $199,779 |
| Office expenses | $0 |
| Information technology | $126,081 |
| Royalties | $0 |
| Occupancy | $583,925 |
| Travel | $2,088 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,117 |
| Interest | $153,480 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,775,734 |
| Insurance | $411,927 |
| All other expenses | $398,918 |
| Total functional expenses | $10,028,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $696,510 |
| Savings and temporary cash investments | $7,203 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $195,630 |
| 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 | $95,203 |
| Net Land, buildings, and equipment | $33,937,289 |
| Investments—publicly traded securities | $1,662,767 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,629,642 |
| Total assets | $45,224,244 |
| Accounts payable and accrued expenses | $2,398,626 |
| Grants payable | $0 |
| Deferred revenue | $3,969,385 |
| 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 | $11,641,451 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,048,368 |
| Total liabilities | $38,057,830 |
| Net assets without donor restrictions | -$2,035,163 |
| Net assets with donor restrictions | $9,201,577 |
| 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 | $45,224,244 |