Overview
What is National Church Residences Foundation?
The National Church Residences Foundation is a 501(c)(3) charitable organization based in Columbus, Ohio. Founded in 2005 as a spin-off from the National Church Residences parent company, it focuses on providing charitable care for residents of affordable housing communities owned and operated by National Church Residences. With a mission rooted in Christian values, the foundation serves over 25,000 residents in 25 states through 300+ senior and family housing communities. It also operates 23 healthcare entities in Ohio and Florida. The organization's passion for serving older adults, particularly low- and moderate-income seniors and individuals with disabilities, has led them to expand their services in areas of assisted living, full-service retirement communities, and resource development. Committed to both professionalism and compassion, National Church Residences Foundation continues to grow, delivering high-quality care, services, and residential communities to all seniors.
Official website here: www.nationalchurchresidences.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating
The National Church Residences Foundation has achieved an impressive 97% score, which highlights its strong performance in accountability and finance. This high rating is based solely on their outstanding results in this area, indicating a commitment to transparency and responsible financial management. The organization has successfully maintained a majority independent board and has implemented robust policies for conflict of interest, whistleblower protections, and document retention.
Strengths of the foundation include an excellent program expense ratio of 99.48%, suggesting that nearly all its expenditures directly support its mission. Additionally, the fundraising efficiency ratio is remarkably low at $0.002, demonstrating that the organization can raise funds with minimal expense. The financial health of the organization is also indicated by a low liabilities to assets ratio of 2.23% and a working capital ratio of 6.82 years, ensuring long-term sustainability.
While the data reflects significant strengths, it is essential for potential donors to remain informed about the organization’s ongoing activities and programs. Continuous monitoring of financial performance and program impact will be crucial to maintaining such high standards in the future. Overall, the National Church Residences Foundation stands out as a responsible and effective nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is National Church Residences Foundation legitimate?
National Church Residences Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Church Residences Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nationalchurchresidences.org
What is the mission statement of National Church Residences Foundation?
The National Church Residences Foundation is a charitable organization, certified as a 501(C)(3), dedicated to providing quality care and services to all seniors. Originating from a Christian commitment of service, the foundation aims to create residential communities for seniors with limited incomes. Established in 2005, the foundation separates the philanthropic function of National Church Residences. It supports the mission of National Church Residences, which owns and manages over 300 affordable senior and family housing communities in multiple states, serving over 25,000 residents. In addition, the organization operates healthcare entities, providing skilled nursing, assisted living, home health, and adult daycare services in Ohio and Florida. The mission is to offer quality housing and care at affordable prices, originating from a Christian commitment of service to older adults. The foundation is committed to expanding services in assisted living and full-service retirement communities, while maintaining professionalism in management and compassion for those they serve.
Official website here: www.nationalchurchresidences.org
Who is the CEO of National Church Residences Foundation?
Robert Walter is the Board Chair of National Church Residences Foundation. The CEO's salary of National Church Residences Foundation is $0 and their total compensation is $794,712.
Official website here: www.nationalchurchresidences.org
What is the revenue of National Church Residences Foundation?
National Church Residences Foundation's revenue in 2022 was $33,586,508.
Official website here: www.nationalchurchresidences.org
Who are the executives of National Church Residences Foundation and what are their salaries?
There 9 volunteers at National Church Residences Foundation.
Here are 13 key members and their salaries (National Church Residences Foundation's CEO's salary is $0 and their total compensation is $794,712):
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- Other: $0
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- Other: $0
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- Related: $753,849
- Other: $40,863
- Compensation: $0
- Related: $415,738
- Other: $32,930
- Compensation: $0
- Related: $222,115
- Other: $4,476
- Compensation: $0
- Related: $182,822
- Other: $13,247
Official website here: www.nationalchurchresidences.org
Where can I find the form 990 for National Church Residences Foundation?
National Church Residences Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nationalchurchresidences.org
Learn more at the official website: www.nationalchurchresidences.org
Mission Statement of National Church Residences Foundation
National Church Residences Foundation, a 501(c)(3) charitable organization with a Christian commitment to service, is dedicated to providing high-quality care, services, and residential communities for all seniors. Originating from a desire to serve older adults' housing, social, and human needs in 1961, the foundation was spun off from National Church Residences to focus solely on charitable functions.
With a mission rooted in compassion, National Church Residences Foundation supports the mission of National Church Residences, which manages over 300 affordable senior and family housing communities in 25 states, serving more than 25,000 residents. In addition to these housing communities, the organization operates 23 healthcare entities, providing skilled nursing, assisted living, home health, and adult daycare services in Ohio and Florida.
The foundation's primary function is to ensure that the residents of National Church Residences' communities receive charity care. It is committed to expanding its services in the areas of assisted living, full-service retirement communities, and the development of resources necessary to support these facilities. Despite its professional approach to managing properties, programs, and human resources, the foundation remains deeply compassionate about the people it serves.
National Church Residences Foundation is dedicated to providing quality housing and care at affordable prices for seniors, particularly those with low or moderate incomes and individuals with disabilities. The organization's ministry, which began in 1961, has a national scope, and it continues to grow and evolve to meet the ever-changing needs of older adults. By focusing on professionalism, compassion, and expanding its services, the foundation ensures that it can continue to make a meaningful impact on the lives of seniors across the country.
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Impact
October, 2024
The National Church Residences Foundation has a significant impact on the lives of individuals with limited incomes, particularly seniors and persons with disabilities. By developing and managing over 300 affordable senior and family housing communities across 25 states, the foundation serves more than 25,000 residents.
Founded from a Christian commitment to serve older adults, the foundation focuses on providing quality housing and care at affordable prices. In addition to housing, it operates 23 healthcare entities, including skilled nursing facilities, assisted living, home health services, and adult daycare options in Ohio and Florida. This expansive reach ensures that a significant number of individuals have access to safe, reliable housing and essential health services.
The foundation emphasizes compassionate care, aiming not only to meet the physical needs of its residents but also to foster communities of caring individuals. Its partnerships with leading advocacy organizations enhance its efforts to address the pressing social and health-related needs of the populations it serves. With a dedication to professionalism and a mission of service, the National Church Residences Foundation plays a crucial role in enhancing the quality of life for vulnerable groups within the community.
This information is meant to be a general summary of National Church Residences Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,049,877
- Gross Receipts: $40,050,725
Assets and Liabilities:
- Total Assets: $130,625,550
- Total Liabilities: $362,190
- Net Assets: $130,263,360
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Organization Details
Founding Year
2005
Phone
(614) 451-2151Principal Officer
Robert Walter
Main Address
2335 NORTH BANK DRIVE, COLUMBUS, OH, 43220
NTEE Category
Code: L22 - Housing
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