Civic Intelligence

Episcopal Retirement Homes Inc

EIN 31-0554071 • 501(c)3 • Cincinnati, OH

Profile

We enrich the lives of older adults in a person-centered, innovative, and spiritually based way.

3870 Virginia AveCincinnati, OH 45227

www.episcopalretirement.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

88th percentile

0.86x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

1.24x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

47th percentile

3.5%

Higher net margin than 47% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

27th percentile

0.1%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Revenue Growth

50th percentile

7.3%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Assets

Up

$61,975,284

Up $3,346,229 (+5.7%) from 2023

Liabilities

Up

$53,273,787

Up $1,448,411 (+2.8%) from 2023

Net Assets

Up

$8,701,497

Up $1,897,818 (+28%) from 2023

Revenue

Up

$42,799,123

Up $2,840,117 (+7.1%) from 2023

Expenses

Up

$41,319,164

Up $1,508,710 (+3.8%) from 2023

Net Income

Up

$1,479,959

Up $1,331,407 (+896%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $72,094,408Liabilities 2010: $50,333,487Net Assets 2010: $21,760,9212010Assets 2011: $71,173,770Liabilities 2011: $50,654,889Net Assets 2011: $20,518,8812011Assets 2012: $74,134,522Liabilities 2012: $51,867,288Net Assets 2012: $22,267,2342012Assets 2013: $70,663,148Liabilities 2013: $49,434,724Net Assets 2013: $21,228,4242013Assets 2014: $77,484,036Liabilities 2014: $50,555,685Net Assets 2014: $26,928,3512014Assets 2015: $74,223,775Liabilities 2015: $54,488,772Net Assets 2015: $19,735,0032015Assets 2016: $60,406,989Liabilities 2016: $47,193,657Net Assets 2016: $13,213,3322016Assets 2017: $64,521,798Liabilities 2017: $49,775,918Net Assets 2017: $14,745,8802017Assets 2018: $67,362,870Liabilities 2018: $54,009,624Net Assets 2018: $13,353,2462018Assets 2019: $69,927,186Liabilities 2019: $58,065,475Net Assets 2019: $11,861,7112019Assets 2020: $69,550,894Liabilities 2020: $61,596,020Net Assets 2020: $7,954,8742020Assets 2021: $65,176,773Liabilities 2021: $57,664,839Net Assets 2021: $7,511,9342021Assets 2022: $61,823,723Liabilities 2022: $52,838,425Net Assets 2022: $8,985,2982022Assets 2023: $58,629,055Liabilities 2023: $51,825,376Net Assets 2023: $6,803,6792023Assets 2024: $61,975,284Liabilities 2024: $53,273,787Net Assets 2024: $8,701,4972024

Highlighted filing

2024

Assets$61,975,284
Liabilities$53,273,787
Net Assets$8,701,497

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $25,199,9602010Expenses 2011: $26,221,4332011Expenses 2012: $26,594,7862012Revenue 2013: $25,682,978Expenses 2013: $24,074,659Net Income 2013: $1,608,3192013Revenue 2014: $32,845,062Expenses 2014: $25,525,876Net Income 2014: $7,319,1862014Revenue 2015: $32,856,870Expenses 2015: $31,175,843Net Income 2015: $1,681,0272015Revenue 2016: $31,817,480Expenses 2016: $30,964,723Net Income 2016: $852,7572016Revenue 2017: $32,747,064Expenses 2017: $31,353,642Net Income 2017: $1,393,4222017Revenue 2018: $32,598,967Expenses 2018: $32,184,501Net Income 2018: $414,4662018Revenue 2019: $33,384,958Expenses 2019: $33,817,706Net Income 2019: -$432,7482019Revenue 2020: $36,529,567Expenses 2020: $36,712,962Net Income 2020: -$183,3952020Revenue 2021: $34,850,221Expenses 2021: $35,724,743Net Income 2021: -$874,5222021Revenue 2022: $37,204,804Expenses 2022: $37,823,186Net Income 2022: -$618,3822022Revenue 2023: $39,959,006Expenses 2023: $39,810,454Net Income 2023: $148,5522023Revenue 2024: $42,799,123Expenses 2024: $41,319,164Net Income 2024: $1,479,9592024

Highlighted filing

2024

Revenue$42,799,123
Expenses$41,319,164
Net Income$1,479,959

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.0$53.3$8.70$42.8$41.3$1.48
2023Detailed filing. Detailed filing data is available for this year.$58.6$51.8$6.80$40.0$39.8$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.8$52.8$8.99$37.2$37.8$0.62
2021Detailed filing. Detailed filing data is available for this year.$65.2$57.7$7.51$34.9$35.7$0.87
2020Detailed filing. Detailed filing data is available for this year.$69.6$61.6$7.95$36.5$36.7$0.18
2019Detailed filing. Detailed filing data is available for this year.$69.9$58.1$11.9$33.4$33.8$0.43
2018Detailed filing. Detailed filing data is available for this year.$67.4$54.0$13.4$32.6$32.2$0.41
2017Detailed filing. Detailed filing data is available for this year.$64.5$49.8$14.7$32.7$31.4$1.39
2016Detailed filing. Detailed filing data is available for this year.$60.4$47.2$13.2$31.8$31.0$0.85
2015Detailed filing. Detailed filing data is available for this year.$74.2$54.5$19.7$32.9$31.2$1.68
2014Detailed filing. Detailed filing data is available for this year.$77.5$50.6$26.9$32.8$25.5$7.32
2013Detailed filing. Detailed filing data is available for this year.$70.7$49.4$21.2$25.7$24.1$1.61
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.1$51.9$22.3$26.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$71.2$50.7$20.5$26.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$72.1$50.3$21.8$25.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$42,799,123
Mission and Program Overview

Mission

We enrich the lives of older adults in a person-centered, innovative, and spiritually based way.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$46,209,989$45,918,517▼ $291,472
Cash and Non-Interest-Bearing Accounts$4,644,138$5,168,033▲ $523,895
Savings and Temporary Cash Investments$151,081$1,651,081▲ $1,500,000
Accounts Receivable$1,644,828$1,341,043▼ $303,785
Prepaid Expenses and Deferred Charges$1,038,711$1,095,228▲ $56,517
Investments Program Related$2,089,581$1,032,985▼ $1,056,596
Intangible Assets-$870,241-
Inventories for Sale or Use-$46,548-
Total Assets$58,629,055$61,975,284▲ $3,346,229
Other Assets Total$2,850,727$4,851,608▲ $2,000,881
Liabilities
Tax Exempt Bond Liabilities$27,190,700$27,210,518▲ $19,818
Other Liabilities$14,213,441$18,465,882▲ $4,252,441
Accounts Payable and Accrued Expenses$6,021,080$4,936,116▼ $1,084,964
Deferred Revenue$2,450,155$2,661,271▲ $211,116
Mortgage Notes Payable Secured by Investment Property$1,950,000--
Total Liabilities$51,825,376$53,273,787▲ $1,448,411
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,803,679$8,701,497▲ $1,897,818
Total Net Assets Fund Balance$6,803,679$8,701,497▲ $1,897,818
Total Liabilities and Net Assets / Fund Balance$58,629,055$61,975,284▲ $3,346,229

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$39,187,256$47,426,091$86,613,347
Other Land Buildings$3,010,233$7,163,399$10,173,632
Equipment$1,925,935$6,008,644$7,934,579
Land$1,629,328-$1,629,328
Leasehold Improvements$165,765$1,227,312$1,393,077
Other Assets Org$851,504--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$28,450,678$10,000▲ $2,188,020$1,077,422$29,571,276
2023$26,484,496$19,657▲ $4,110,371$2,163,846$28,450,678
2022$34,002,803$53,896▼ $5,740,386$1,831,817$26,484,496
2021$32,026,500$6,151▲ $3,229,019$1,258,867$34,002,803
2020$29,674,844$27,573▲ $3,437,328$1,113,245$32,026,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura LambCEOPT$442,945$94,235$537,180
Daniel StewardCFOPT$240,957$66,953$307,910
Beverly EdwardsVP, Residential HealthcarePT$187,825$29,693$217,518
Joan WetzelVP, Human ResourcesPT$155,530$61,411$216,941
James WilsonVP, Affordable LivingPT$168,989$42,011$211,000
Joy BlangExecutive Director, PhilanthropyPT$120,385$57,596$177,981
Megan BradfordVP, Middle Market & MinistryPT$140,851$24,434$165,285
Windy N MccaugheyExecutive Director, Deupree AdminFT$132,623$26,095$158,718
Judith DeanDirector of Nursing (mpl)FT$120,128$36,011$156,139
Anthony WilliamsAdministrator (mpl)FT$114,659$36,297$150,956
Kenya WillisRegistered NurseFT$138,264$2,115$140,379
Lauryn MooreVP, MarketingPT$76,695$7,529$84,224

Board Members and Trustees

NameTitle
Thomas ReganChairman
Alan HartmanBoard Member
Albert SmithermanBoard Member
Apryl PopeBoard Member
Chip WorkmanBoard Member
Dora AnimBoard Member
Elizabeth ZwillingBoard Member
Eric KearneyBoard Member
Gerron McknightBoard Member
Gregory HopkinsBoard Member
Jenny PayneBoard Member
Joann HagopianBoard Member
Rev Cannon Jack KoepkeBoard Member
Rev Darren ElinBOARD MEMBER, BISHOP'S REP
Thomas RetfordBoard Member, Dh Rep
Rev John FritschnerBoard Member, Echf Rep
W Thomas CooperBoard Member, Echf Rep
Bill WoodsBoard Member, Mpl Rep

Highest Paid Contractors

ContractorServicesLocationCompensation
Ridge Stone General ContractorsConstruction & Building Contractor7015 LIGHTHOUSE WAY 500, Perrysburg, OH 43551$2,147,205
Healthpro Heritage LLCHealth Care Staffing1 MARCUS DR SUITE 102, Greenville, SC 29615$840,606
ThekeyHealth Care StaffingPO BOX 736438, Dallas, TX 75373$389,126
Rsm US LLPAccounting & Consulting5155 PAYSPHERE CIRCLE, Chicago, IL 60674$218,922
Revenue and Support

Revenue Composition

Contributions and Grants
$2,910,810
Program Service Revenue
$39,366,224
Investment Income
$518,361
Other Revenue
$3,728
All Other Contributions
$1,060,341
Change in Net Assets
$1,479,959
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$23,746,242
Other Expenses$17,552,972
Total Fundraising Expense$517,538
Grants and Similar Amounts Paid$19,950
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$14,219,447$4,030,868$306,231$18,556,546
Depreciation Depletion$3,371,699$202,894-$3,574,593
Fees for Services Other$2,302,891$709,101$15,804$3,027,796
Other Employee Benefits$1,357,566$433,423$44,702$1,835,691
Interest-$1,747,643-$1,747,643
Current Officers, Directors, Trustees, and Key Employees$1,329,886$381,349$28,822$1,740,057
Office Expenses$1,108,132$348,580$36,716$1,493,428
Payroll Taxes$1,374,444-$31,166$1,405,610
Occupancy$1,210,686$93,290-$1,303,976
Insurance$799,053$60,367-$859,420
Advertising-$612,251-$612,251
Other Expenses$400,367$27,568-$427,935
All Other Expenses$92,301$281,607$50,304$424,212
Information Technology-$313,566-$313,566
Fees for Services Management$306,401--$306,401
Pension Plan Contributions$159,567$48,771-$208,338
Fees for Services Accounting-$150,674-$150,674
Travel$20,603$50,501$948$72,052
Fees for Services Legal-$47,540-$47,540
Conferences and Meetings$6,819$20,635$2,845$30,299
Grants to Domestic Orgs$19,950--$19,950
Total Functional Expenses$31,100,595$9,701,031$517,538$41,319,164
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Giving Voice FoundationCincinnati, OH501(c)(3)Brews for Bains and Mimosas for Memories Sponsorship Events$6,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Entrance Fees$17,538,796
Deposits From Residents$483,612
Deferred Compensation Under 457(f)$266,039
Right of Use Liabilities$177,435

Bond Issues

BondIssuerIssuedIssue PricePurpose
CCounty of Hamilton Ohio - Series 20172017-07-27$18,000,000Healthcare facilities improvement and refunding
ACounty of Hamilton Ohio - Series 2009a2009-10-30$15,000,000Healthcare facilities improvement and refunding
BCounty of Hamilton Ohio - Series 2009b2009-10-30$15,000,000Healthcare facilities improvement and refunding

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$18,000,000-$847,930-
A$15,000,000-$9,840,000$271,084
B$15,000,000-$9,840,000-

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Episcopal retirement services is the sole member of episcopal retirement homes, inc.

Form 990, Part VI, Section A, Line 7A

The residents of the marjorie p. Lee retirement community, the residents of deupree house, and the bishop of the episcopal diocese of southern ohio may each appoint one individual to serve on the episcopal retirement homes, inc. Board of directors. These three individuals have all the same voting rights as any other member of the board of directors. All other members are elected by the sole member, episcopal retirement services.

Form 990, Part VI, Section A, Line 7B

Episcopal retirement services, as the sole member of episcopal retirement homes, inc., has reserved rights in the decisions of the governing body.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by an independent accountant and reviewed and approved by the episcopal retirement services (ers) cfo. The 990 is then shared with the ers finance committee and the episcopal retirement homes, inc. Board prior to submission.

Form 990, Part VI, Section B, Line 12C

Episcopal retirement homes, inc. (erh) has a written conflict of interest policy. On an annual basis, all directors, officers, and key employees of the organization are required to complete a conflict of interest statement. The ceo's executive secretary is responsible to ensure all individuals respond to this annual request. In addition, every erh staff member is required to complete a conflict of interest statement as part of their annual performance evaluation.

Form 990, Part VI, Section B, Line 15

The episcopal retirement homes, inc. (erh) personnel committee is responsible for reviewing and approving the annual compensation for the ceo and reviewing the annual compensation for the officers and key employees based on a review of comparable benchmark information. The process described here was last completed in 2024.

Form 990, Part VI, Section C, Line 19

Episcopal retirement homes, inc. Makes its financial statements available to the public through the use of the episcopal retirement services website. The episcopal retirement homes, inc. Governing documents and conflict of interest policy are available upon request for the same period of time as set forth in the internal revenue code section 6104(d).

Filing and Contact Details

Filer

Filer Name
Episcopal Retirement Homes Inc
EIN
31-0554071
Phone
5132719610
Address
3870 VIRGINIA AVE, CINCINNATI, OH 45227

Signing Officer

Name
Daniel Steward
Title
CFO
Phone
5132719610
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Lamb
Formed
1951
Legal Domicile
Oh
Voting Board Members
18
Independent Board Members
18
Employees
818
Volunteers
326

Preparer

Firm
Cliftonlarsonallen Llp
Address
4334 MUNSON STREET SUITE 200, CANTON, OH 44718
Preparer
Jennifer Coleman
Phone
3304972000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in swap value 398,765.

Financial Statement Notes

PART V, LINE 4:

The intended use of the organization endowments is to use 4.0% of the average market value of the funds over the previous 12 quarters to fund the specific programs requested by donors which include: pastoral care, care center flowers, independent living maintenance, financial aid, memory support care, affordable housing and general operations of episcopal retirement homes, inc. The organization also receives distributions from an endowment that is held and administered by the trustees of the episcopal diocese of southern ohio.

PART X, LINE 2:

The internal revenue service (irs) has ruled that erh, and the foundation are exempt from federal income taxes as another than private foundation under section 501(c)(3) of the irc; therefore, they are not subject to federal or state income tax. U.s. Gaap requires management to evaluate tax positions taken by the obligated group and recognize a tax liability if the obligated group has taken an uncertain position that more likely than not would not be sustained upon examination by the irs or other applicable taxing authorities. Management has analyzed the tax positions taken by the obligated group and has concluded that as of december 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the combined financial statements. Accordingly, no provision has been made for federal income tax in the accompanying combined financial statements. The obligated group is subject to examination by taxing authorities; however, no examinations are in progress. Management believes these entities are not subject to tax examinations for years prior to 2020.

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IRS990/Desc0MARJORIE P. LEE: THE MARJORIE P. LEE COMMUNITY HAS BEEN ENRICHING THE LIVES OF OLDER ADULTS WITH QUALITY SERVICES SINCE 1963 AND HAS BECOME A LANDMARK IN THE EAST CINCINNATI SUBURB OF HYDE PARK. NESTLED IN A TREE-LINED NEIGHBORHOOD, IT IS A SHORT WALK TO HYDE PARK SQUARE, WHICH OFFERS SHOPS, RESTAURANTS, BANKING, AND OTHER COMMUNITY SERVICES. WE OFFER A CHOICE OF ACCOMMODATIONS AND SERVICES FOR INDEPENDENT LIVING, ASSISTED LIVING, SHORT-STAY AND LONG-TERM SKILLED NURSING CARE, AND MEMORY SUPPORT, ALL UNDER ONE ROOF. AND WITH THE "OUR PROMISE, YOUR FUTURE" PROGRAM, WE WILL NOT ASK ANY RESIDENT TO LEAVE IF THEY OUTLIVE THEIR FINANCIAL RESOURCES. NOT MANY COMMUNITIES CAN OFFER THAT IN WRITING, RIGHT IN THE CONTRACT! THIS PROVIDES TRUE PEACE OF MIND TO OUR RESIDENTS AND THEIR FAMILIES KNOWING THEY WILL BE IN THE BEST HANDS POSSIBLE, NO MATTER WHAT THE FUTURE BRINGS.MARJORIE P. LEE PROVIDES SENIOR APARTMENTS IN 77 RESIDENTIAL APARTMENTS, 27 MEMORY SUPPORT ASSISTED LIVING APARTMENTS, AND 88 SKILLED CARE CENTER BEDS. DURING 2024, MARJORIE P. LEE SPENT OVER $498,000 ON CHARITABLE FINANCIAL ASSISTANCE, MINISTRY SERVICES, CHAPLAINCY, AND VOLUNTEERS. MARJORIE P. LEE HAS BEEN RECOGNIZED THROUGH INDEPENDENT ORGANIZATIONS AND HIGH SATISFACTION SCORES. MARJORIE P. LEE AND ITS PARENT, EPISCOPAL RETIREMENT SERVICES, HAS BEEN HONORED AS A TOP WORKPLACE IN CINCINNATI FOR THE FIFTEENTH CONSECUTIVE YEAR, A DISTINCTION THAT IS VOTED ON BY OUR EMPLOYEES AND ONLY HELD BY JUST THREE OTHER COMPANIES IN THE CITY. ALSO, IN RECENT YEARS, MARJORIE P. LEE HAS SCORED AMONG THE HIGHEST IN THE REGION ON THE OHIO DEPARTMENT OF AGING NURSING HOME RESIDENT SATISFACTION SURVEY. UNDERLYING EVERYTHING WE DO IS OUR PERSON-CENTERED CARE PHILOSOPHY THAT BELIEVES PEOPLE SHOULD LIVE LIFE ON THEIR OWN TERMS WHENEVER POSSIBLE. IN OUR SENIOR LIVING COMMUNITIES, IT MEANS WE DO NOT THINK OF RESIDENTS AS LIVING IN OUR BUILDINGS, BUT RATHER THAT WE ARE WORKING IN THEIR HOMES. BECAUSE OF THIS PHILOSOPHY, WE RESPECT THAT WE ARE WORKING IN SOMEONE'S HOME AND TAKE THE CONCEPT OF INDIVIDUALIZED SERVICE AND CARE TO A HIGHER LEVEL. BY EMPHASIZING FREEDOM, CHOICE, AND PURPOSE, IT IS ALWAYS OUR PRIMARY GOAL TO ENSURE THAT THE ELDERS WE SERVE ARE SUCCESSFUL, SECURE, ENGAGED, AND HAPPY, NO MATTER WHAT PART OF OUR COMMUNITY THEY ARE IN. AT MARJORIE P. LEE, IT IS ALL RIGHT HERE IF YOU NEED IT.
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