NATIONAL CHURCH RESIDENCES OF GARLAND TX

EIN: 260066259 501(c)(3)

COLUMBUS, OH

Total Revenue
$434,680
Total Expenses
$558,193
Total Assets
$2,764,045
Net Assets
$-1,932,720
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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
2003
Legal Domicile
TX
Principal Officer
JILL KOLB
Phone
6144512151
Tax Period
2023-07-01 to 2024-06-30

NATIONAL CHURCH RESIDENCES OF GARLAND TX, founded in 2003, is a small nonprofit that reported $435K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $558K exceeded revenue, resulting in a 28% operating deficit.

Mission

PROVIDE HOUSING FOR LOW AND MODERATE INCOME PERSONS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $221,288
Program Service Revenue $209,632
Investment Income $1,772
Other Revenue $1,988
TOTAL REVENUE $434,680

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $499,302
Other Expenses $558,193
TOTAL EXPENSES $558,193

Year-over-Year Comparison

2023 2022 Change
Revenue $434,680 $326,334 +0.3%
Expenses $558,193 $496,601 +0.1%
Net Income $-123,513 $-170,267 -0.3%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
8

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
6
$2,534,632
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH R KASBERG DIRECTOR 0.10
Director
$0 $0 $0
LARRY BELLMAN DIRECTOR 0.10
Director
$0 $0 $0
VIRGINIA BARNEY DIRECTOR (THROUGH 12/31/23) 0.10
Director
$0 $0 $0
ROBERT MALONEY DIRECTOR 0.10
Director
$0 $0 $0
SEAN DEFOUR DIRECTOR 0.10
Director
$0 $0 $0
SANDRA BRUMMITT DIRECTOR 0.10
Director
$0 $0 $0
TINGTING LI DIRECTOR 0.10
Director
$0 $0 $0
GREG COMFORT DIRECTOR (EFFECTIVE 01/01/24) 0.10
Director
$0 $0 $0
MATTHEW D RULE PRESIDENT 0.10
Officer
$0 $46,401 $525,229
SONYA BROWN VICE PRESIDENT 0.10
Officer
$0 $43,456 $432,573
JULIE M WOOLLEY SECRETARY 0.10
Officer
$0 $28,373 $440,716
JILL KOLB TREASURER 0.10
Officer
$0 $42,450 $286,273
ROBERT S WALTER VICE PRESIDENT 0.10
Officer
$0 $37,100 $553,033
ERIC WALKER VICE PRESIDENT 0.10
Officer
$0 $38,214 $296,808
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 No data No data No data No data
2024 $434,680 $558,193 $2,764,045 $-123,513
2023 $326,334 $496,601 $2,838,754 $-170,267
2022 $327,122 $460,121 $2,929,026 $-132,999
2021 $306,428 $408,984 $3,020,232 $-102,556
2020 $300,452 $411,903 $3,127,121 $-111,451
2019 $310,121 $444,978 $3,224,599 $-134,857
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