Civic Intelligence

National Church Residences of Palm

EIN 86-1274421 • 501(c)3 • Columbus, OH

990-N Coverage

Profile

Originating from a christian commitment of service, our mission is to provide high quality care, services, and residential communities for all seniors.

2245 North Bank DriveColumbus, OH 43220

www.nationalchurchresidences.org

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

35th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

1st percentile

-9700%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

99th percentile

$553,033

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 55303300.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Assets

$608,683

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$608,683

No earlier filing loaded for comparison.

Revenue

$1

No earlier filing loaded for comparison.

Expenses

$98

No earlier filing loaded for comparison.

Net Income

-$97

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2023: $608,683Liabilities 2023: $0Net Assets 2023: $608,6832023

Highlighted filing

2023

Assets$608,683
Liabilities$0
Net Assets$608,683

Operations Trend

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

$100$50$0-$50-$100Revenue 2023: $1Expenses 2023: $98Net Income 2023: -$972023

Highlighted filing

2023

Revenue$1
Expenses$98
Net Income-$97

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$6.09$0.00$6.09$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$1
Mission and Program Overview

Mission

Originating from a christian commitment of service, our mission is to provide high quality care, services, and residential communities for all seniors.

Provide housing for low and moderate income persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$608,780$608,683▼ $97
Total Assets$608,780$608,683▼ $97
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$608,780$608,683▼ $97
Total Net Assets Fund Balance$608,780$608,683▼ $97
Total Liabilities and Net Assets / Fund Balance$608,780$608,683▼ $97

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$608,683--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Matthew D RulePresident
Eric WalkerVice President
Robert S WalterVice President
Sonya BrownVice President
Joe KasbergDirector
Larry BellmanDirector
Robert MaloneyDirector
Sandra BrummittDirector
Sean DefourDirector
Tingting LiDirector
Virginia BarneyDirector
Julie WoolleySecretary
Jill KolbTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1
Other Revenue
$0
Change in Net Assets
$-97
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$98
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$98--$98
Total Functional Expenses$98$0$0$98
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
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The sole member of the corporation shall, at all times, be national church residences.

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

Members or trustees shall have the approval of the board of trustees of national church residences.

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

National church residences is required to approve the selection of the board of trustees.

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

The 990 return is made available to the board prior to filing. An officer reviews the 990 prior to signature.

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

Two conflict of interest policies exist for national church residences. One policy is a general staff policy, published in the employee information guide and is available to the staff through the intranet. The second policy applies to national church residences and its affiliates' officers, directors, and members of committees composed primarily of directors and officers. The policy for officers and directors is reviewed regularly by the board, and officers and directors review and sign an attestation related to the policy annually and are required to disclose any potential conflicts. The policy contains a process for reporting conflicts, determining whether a conflict exists, and appropriate procedures for addressing conflicts.

Form 990, Part VI, Section C, Line 19

Governing documents, the conflict of interest policy, and the financial statements are provided upon request.

Filing and Contact Details

Filer

Filer Name
National Church Residences of Palm
EIN
86-1274421
Phone
6144512151
Address
2245 NORTH BANK DRIVE, COLUMBUS, OH 43220
Doing Business As
Palm Harbor Apartments

Signing Officer

Name
Jill Kolb
Title
Officer
Phone
6144512151
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jill Kolb
Formed
2020
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Jessica Cooper
Phone
3178485700
Supplemental Narrative

Additional Explanations

FORM 990, SCHEDULE R, PART II:

The organization reports related tax exempt organizations on schedule r part ii that are not included within the national church residences group exemption #5048. All other related tax exempt organizations are all members of group exemption #5048 and are not reported on schedule r part ii.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROBERT S WALTER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1MATTHEW D RULE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2JULIE WOOLLEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3SONYA BROWN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4ERIC WALKER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5JILL KOLB
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5TREASURER
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0NATIONAL CHURCH RESIDENCES, A RELATED ORGANIZATION, ESTABLISHES THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. THE FOLLOWING METHODS WERE USED BY NATIONAL CHURCH RESIDENCES TO ESTABLISH COMPENSATION LEVELS: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1DURING THE CURRENT YEAR, NATIONAL CHURCH RESIDENCES, A RELATED ORGANIZATION, MADE CONTRIBUTIONS TO A 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN FOR THE FOLLOWING INDIVIDUALS LISTED ON PART VII OF THE FORM 990: ROBERT WALTER: $6,941 MATTHEW D. RULE: $19,739 JULIE M. WOOLLEY: $4,063 SONYA M. BROWN: $13,732 ERIC WALKER: $10,366 JILL KOLB: $6,323 THE 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN IS AVAILABLE TO KEY EMPLOYEES OF THE ORGANIZATION, AS DEFINED BY THE ORGANIZATION AND NOT PART VII OF THE FORM 990. THE 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN WILL VEST UPON TRIGGERING SEVERANCE WITH THE ORGANIZATION. TRIGGERING SEVERANCE, AS DEFINED IN THE PLAN DOCUMENT, MEANS A PARTICIPANT'S SEVERANCE OF SERVICE, (1) AT ANY TIME ON OR AFTER THE PARTICIPANT'S ENTITLEMENT DATE OR (2) IF EARLIER, (A) BECAUSE OF DEATH OR DISABILITY, (B) BY THE EMPLOYER FOR REASONS OTHER THAN CAUSE, OR (C) BY THE PARTICIPANT FOR GOOD REASON. FOR THIS PURPOSE, SEVERANCE OF SERVICE SHALL BE CONSTRUED CONSISTENTLY WITH THE DEFINITION OF SEPARATION OF SERVICE UNDER CODE SECTION 409A.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART 1, LINE 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 4B:
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SOLE MEMBER OF THE CORPORATION SHALL, AT ALL TIMES, BE NATIONAL CHURCH RESIDENCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OR TRUSTEES SHALL HAVE THE APPROVAL OF THE BOARD OF TRUSTEES OF NATIONAL CHURCH RESIDENCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NATIONAL CHURCH RESIDENCES IS REQUIRED TO APPROVE THE SELECTION OF THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 RETURN IS MADE AVAILABLE TO THE BOARD PRIOR TO FILING. AN OFFICER REVIEWS THE 990 PRIOR TO SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TWO CONFLICT OF INTEREST POLICIES EXIST FOR NATIONAL CHURCH RESIDENCES. ONE POLICY IS A GENERAL STAFF POLICY, PUBLISHED IN THE EMPLOYEE INFORMATION GUIDE AND IS AVAILABLE TO THE STAFF THROUGH THE INTRANET. THE SECOND POLICY APPLIES TO NATIONAL CHURCH RESIDENCES AND ITS AFFILIATES' OFFICERS, DIRECTORS, AND MEMBERS OF COMMITTEES COMPOSED PRIMARILY OF DIRECTORS AND OFFICERS. THE POLICY FOR OFFICERS AND DIRECTORS IS REVIEWED REGULARLY BY THE BOARD, AND OFFICERS AND DIRECTORS REVIEW AND SIGN AN ATTESTATION RELATED TO THE POLICY ANNUALLY AND ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS. THE POLICY CONTAINS A PROCESS FOR REPORTING CONFLICTS, DETERMINING WHETHER A CONFLICT EXISTS, AND APPROPRIATE PROCEDURES FOR ADDRESSING CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION REPORTS RELATED TAX EXEMPT ORGANIZATIONS ON SCHEDULE R PART II THAT ARE NOT INCLUDED WITHIN THE NATIONAL CHURCH RESIDENCES GROUP EXEMPTION #5048. ALL OTHER RELATED TAX EXEMPT ORGANIZATIONS ARE ALL MEMBERS OF GROUP EXEMPTION #5048 AND ARE NOT REPORTED ON SCHEDULE R PART II.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B

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