NATIONAL CHURCH RESIDENCES FOUNDAT… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

SUSAN DIMICKELE

Phone

6144512151

Tax Period

2024-07-01 to 2025-06-30

NATIONAL CHURCH RESIDENCES FOUNDATION, founded in 2005, is a mid-sized nonprofit that reported $11.3M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.6M, a strong 40% operating margin.

Mission

ORIGINATING FROM A CHRISTIAN COMMITMENT OF SERVICE, OUR MISSION IS TO PROVIDE HIGH QUALITY CARE, SERVICES AND RESIDENTIAL COMMUNITIES FOR SENIORS.

Program Service Accomplishments

Program 1

Expenses: $6,553,108 Revenue: $0

NATIONAL CHURCH RESIDENCES FOUNDATION 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 THE PARENT COMPANY OF NATIONAL CHURCH RESIDENCES OUT OF A CHRISTIAN COMMITMENT TO SERVE OLDER ADULTS' HOUSING, SOCIAL, AND HUMAN NEEDS. NATIONAL CHURCH RESIDENCES FOUNDATION WAS SPUN OFF FROM THE PARENT COMPANY OF NATIONAL CHURCH RESIDENCES IN 2005 TO SEPARATE OUT THE PHILANTHROPIC FUNCTION OF THAT OHIO NOT-FOR-PROFIT CORPORATION. IT FUNCTIONS TO FURTHER THE MISSION OF THE PARENT ORGANIZATION BY PROVIDING ADDITIONAL SUPPORT TO IT AND ITS AFFILIATES AND TO PROVIDE CHARITY CARE FOR THE RESIDENTS OF COMMUNITIES OWNED AND OPERATED BY NATIONAL CHURCH RESIDENCES.NATIONAL CHURCH RESIDENCES FOUNDATION SUPPORTS THE MISSION OF NATIONAL CHURCH RESIDENCES WHO OWNS/MANAGES OVER 350 AFFORDABLE SENIOR AND HOUSING COMMUNITIES IN 25 STATES, SERVING OVER 30,000 RESIDENTS. IN ADDITION, NCR OPERATES TWENTY-THREE HEALTHCARE ENTITIES (SKILLED NURSING, ASSISTED LIVING, HOME HEALTH AND HOSPICE) IN OHIO AND FLORIDA. NATIONAL CHURCH RESIDENCES SUPPORTS AND IS AFFILIATED WITH SEVERAL OF THE NATION'S LEADING SENIOR, SOCIAL, AND HEALTH CARE ADVOCACY ORGANIZATIONS - LEADING AGE; THE NATIONAL AFFORDABLE HOUSING MANAGEMENT ASSOCIATION (NAHMA); LEADING AGE OHIO.THE MISSION OF NATIONAL CHURCH RESIDENCES IS TO PROVIDE HIGH QUALITY CARE, SERVICES, AND COMMUNITIES FOR SENIORS, ORIGINATING FROM A CHRISTIAN COMMITMENT OF SERVICE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,400,989

Program Service Revenue $0

Investment Income $3,995,622

Other Revenue $-52,573

TOTAL REVENUE $11,344,038

Expense Breakdown

Grants Paid $4,712,981

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,553,108

Other Expenses $2,066,106

TOTAL EXPENSES $6,779,087

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,344,038	$15,984,932	-0.3%
Expenses	$6,779,087	$18,049,516	-0.6%
Net Income	$4,564,951	$-2,064,584	-3.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$2,204,941

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GINNY BARNEY	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
GREG OVERMYER	DIRECTOR, PAST CHAIR	0.50	Director	$0	$0	$0
PETER PAVARINI	DIRECTOR	0.50	Director	$0	$0	$0
JASON LAWSON	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT MALONEY	DIRECTOR	0.50	Director	$0	$0	$0
KIM ZAVISLAK	DIRECTOR	0.50	Director	$0	$0	$0
JANET MEEKS	DIRECTOR	0.50	Director	$0	$0	$0
GREG COMFORT	DIRECTOR - PART YEAR	0.50	Director	$0	$0	$0
JENNIFER SPALDING	DIRECTOR - PART YEAR	0.50	Director	$0	$0	$0
PETER VOGEL	DIRECTOR - PART YEAR	0.50	Director	$0	$0	$0
SUSAN DIMICKELE	PRESIDENT/CEO	1.00	Officer	$0	$44,325	$1,053,087
JULIE M WOOLLEY	SECRETARY/GENERAL COUNSEL	2.00	Officer	$0	$28,845	$489,646
ADAM AXCELL	VICE PRESIDENT/CHIEF GROWTH OFFICER	0.50	Officer	$0	$26,389	$351,355
LINDSEY DEHRING	VICE PRESIDENT/TREASURER	0.50	Officer	$0	$18,895	$310,853
SEAN ALEXANDER	VICE PRESIDENT/CFO	5.00	Officer	$0	$0	$0
ROBERT WALTER	VICE PRESIDENT/TREASURER - FORMER	1.00		$0	$24,996	$435,389

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$11,344,038	$6,779,087	$136,599,003	$4,564,951
2024	$15,984,932	$18,049,516	$122,255,147	$-2,064,584
2023	$3,840,773	$16,754,289	$125,930,068	$-12,913,516
2022	$33,586,508	$13,277,845	$130,625,550	$20,308,663
2021	$10,642,562	$24,124,397	$124,164,884	$-13,481,835
2020	$5,169,410	$15,756,606	$120,947,065	$-10,587,196
2019	$8,591,235	$8,723,158	$130,168,750	$-131,923
2018	$7,823,465	$2,546,072	$133,029,929	$5,277,393

NATIONAL CHURCH RESIDENCES FOUNDATION