NAZARETH VILLAGES INC

EIN: 610952304 501(c)(3) Unknown

NAZARETH, KY

Total Revenue
$1,279,692
Total Expenses
$1,049,693
Total Assets
$3,994,415
Net Assets
$3,920,007
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
KY
Principal Officer
VICKI WARD
Phone
5023484911
Tax Period
2024-09-01 to 2025-08-31

NAZARETH VILLAGES INC, founded in 1978, is a community nonprofit in the Unknown sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $230K, a strong 18% operating margin.

Mission

TO PROVIDE SAFE, COMFORTABLE AND AFFORDABLE APARTMENTS IN A CHRISTIAN COMMUNITY SETTING FOR LOW TO MIDDLE INCOME ELDERLY OR DISABLED PERSONS. SUPPORT SERVICES ARE CARRIED OUT IN A CHRIST-LIKE SPIRIT OF COMPASSION TO FACILITATE BOTH INDEPENDENCE AND COMMUNITY AMONG RESIDENTS.

Program Service Accomplishments

Program 1
Expenses: $714,692 Revenue: $1,116,305

OWNS & OPERATES A 101-UNIT APARTMENT COMPLEX FOR ELDERLY AND HANDICAPPED PERSONS (EXPENSES LISTED ARE FOR DIRECT OPERATIONS).

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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 (2024)

Revenue Breakdown

Contributions & Grants $52,000
Program Service Revenue $976,276
Investment Income $111,387
Other Revenue $140,029
TOTAL REVENUE $1,279,692

Expense Breakdown

Grants Paid $0
Salaries & Benefits $592,353
Fundraising Expenses $0
Program Expenses $714,692
Other Expenses $457,340
TOTAL EXPENSES $1,049,693

Year-over-Year Comparison

2024 2023 Change
Revenue $1,279,692 $1,138,423 +0.1%
Expenses $1,049,693 $962,248 +0.1%
Net Income $229,999 $176,175 +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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
13
Employees
13
Volunteers
N/A

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
5
$143,984
Total Directors
14
$143,984
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VICKI WARD PRESIDENT/CEO 40.00
Officer Director
$113,019 $30,965 $143,984
ELLEN ZUTTERMAN BOARD MEMBER 2.80
Director
$0 $0 $0
SUE GREENWELL BOARD MEMBER 2.80
Director
$0 $0 $0
JENNIFER NOLAN BOARD MEMBER 2.80
Director
$0 $0 $0
ANDREA MORAN BOARD MEMBER 2.80
Director
$0 $0 $0
JOE PREWITT VICE CHAIR 2.80
Officer Director
$0 $0 $0
ROBERT CECIL CHAIR 2.80
Officer Director
$0 $0 $0
MICHAEL CURTSINGER TREASURER 2.80
Officer Director
$0 $0 $0
MARLENE LEHMKUHL SCN BOARD MEMBER 2.80
Director
$0 $0 $0
ARCH MCKAY BOARD MEMBER 2.80
Director
$0 $0 $0
GARY COULTER BOARD MEMBER 2.80
Director
$0 $0 $0
FRANCIS MANION SECRETARY 2.80
Officer Director
$0 $0 $0
CASSANDRA DICKERSON BOARD MEMBER 2.80
Director
$0 $0 $0
NORA SIMMS BOARD MEMBER 2.80
Director
$0 $0 $0
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 $1,279,692 $1,049,693 $3,994,415 $229,999
2024 $1,138,423 $962,248 $3,755,043 $176,175
2023 $1,425,599 $978,886 $3,580,709 $446,713
2022 $941,724 $894,590 $3,133,314 $47,134
2021 $1,033,419 $776,561 $3,089,097 $256,858
2020 $868,812 $756,356 $2,891,230 $112,456
2019 $767,550 $651,132 $2,722,018 $116,418
2018 $789,655 $670,751 $2,595,629 $118,904
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