Civic Intelligence

National Church Residences Eden

EIN 87-4000849 • 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

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$0

Down $7,490,438 (-100%) from 2023

Liabilities

Down

$0

Down $7,890,267 (-100%) from 2023

Net Assets

Up

$0

Up $399,829 (+100%) from 2023

Operations

Revenue

Up

$1,468,834

Up $328,024 (+29%) from 2023

Expenses

Down

$1,069,005

Down $471,634 (-31%) from 2023

Net Income

Up

$399,829

Up $799,658 (+200%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2023: $7,490,438Liabilities 2023: $7,890,267Net Assets 2023: -$399,8292023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2024

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2023: $1,140,810Expenses 2023: $1,540,639Net Income 2023: -$399,8292023Revenue 2024: $1,468,834Expenses 2024: $1,069,005Net Income 2024: $399,8292024

Highlighted filing

2024

Revenue$1,468,834
Expenses$1,069,005
Net Income$399,829

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jan 21, 2025
Return Version
2023v6.0
Gross Receipts
$10,080,380
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.

To provide housing for low and moderate income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,134,093$0▼ $6,134,093
Cash and Non-Interest-Bearing Accounts$304,083$0▼ $304,083
Prepaid Expenses and Deferred Charges$61,857$0▼ $61,857
Savings and Temporary Cash Investments$37,961$0▼ $37,961
Accounts Receivable$3,531$0▼ $3,531
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$7,490,438$0▼ $7,490,438
Other Assets Total$948,913$0▼ $948,913
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,554,861--
Accounts Payable and Accrued Expenses$298,950--
Other Liabilities$36,456$0▼ $36,456
Total Liabilities$7,890,267$0▼ $7,890,267
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-399,829$0▲ $399,829
Total Net Assets Fund Balance$-399,829$0▲ $399,829
Total Liabilities and Net Assets / Fund Balance$7,490,438$0▼ $7,490,438
Compensation and Service Providers

Board Members and Trustees

NameTitle
Matthew D RulePresident
Eric WalkerVice President
Robert S WalterVice President
Sonya BrownVice President
Robert MaloneyDirector
Tingting LiDirector
Greg ComfortDirector (effective 01/01/24)
Virginia BarneyDirector (through 12.31.23)
Julie WoolleySecretary
Jill KolbTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$578,559
Program Service Revenue
$304,541
Investment Income
$435,065
Other Revenue
$150,669
Change in Net Assets
$399,829

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,039,691
Revenue Not Reported on Financial Statements
$429,143
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$429,143
Total Revenue per Audited Statements
$1,039,691
Total Revenue per Form 990
$1,468,834
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,069,005
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
Interest$110,141$192,638-$302,779
Depreciation Depletion$172,492--$172,492
Occupancy$94,724--$94,724
Insurance$75,578--$75,578
Fees for Services Management-$38,070-$38,070
Other Expenses$48,554$23,660-$23,660
Fees for Services Other-$4,950-$4,950
Advertising$2,330--$2,330
All Other Expenses$1,843--$1,843
Fees for Services Legal$200--$200
Conferences and Meetings-$167-$167
Total Functional Expenses$809,520$259,485$0$1,069,005

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,069,005
Total Expenses per Audited Statements$1,069,005
Total Expenses per Form 990$1,069,005
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 Eden
EIN
87-4000849
Phone
6144512151
Address
2245 NORTH BANK DRIVE, COLUMBUS, OH 43220
Doing Business As
Eden Heights

Signing Officer

Name
Jill Kolb
Title
Treasurer
Phone
6144512151
Signed
2025-01-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jill Kolb
Formed
2021
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
4

Preparer

Firm
Eag Affordable Housing LLC
Address
4249 EASTON WAY STE 210, COLUMBUS, OH 43219
Preparer
Chadd Weisert Jd Llm
Phone
6144728566
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

The housing project was sold to a related party on may 31, 2024.

FORM 990, PART XII, LINE 2C:

National church residences, the parent organization, has an audit committee which oversees the audit of the financial statements, and is involved in the selection of the independent accountant which completes the audit. This process has not changed from the prior year.

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.

Financial Statement Notes

PART X, LINE 2:

The corporation applied for and received a determination letter from the internal revenue service (irs) to be treated as a tax exempt entity pursuant to section 501(c)(3) of the internal revenue code. Due to its tax-exempt status, the corporation is not subject to income taxes. The corporation is required to and does file tax returns with the irs and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the corporation has no other tax positions which must be considered for disclosure. Generally, income tax returns filed by the corporation are subject to examination by the internal revenue service for a period of three years. While no tax returns are currently being examined by the internal revenue service, tax years since inception remain open.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Gain on disposal of assets 429,143.

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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt061857
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0JILL KOLB
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTS - NET
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0304541
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0304541
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0699073
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04819
IRS990/PYOtherExpensesAmt01540639
IRS990/PYOtherRevenueAmt072274
IRS990/PYProgramServiceRevenueAmt0364644
IRS990/PYRevenuesLessExpensesAmt0-399829
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01540639
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01140810
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0399829
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0455210
IRS990/SavingsAndTempCashInvstGrp/BOYAmt037961
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0578559
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0699073
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01277632
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05922
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt04819
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt010741
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0455210
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0436918
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0892128
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05922
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt04819
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt010741
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt02169760
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01033769
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01135991
IRS990ScheduleA/Total509Grp/TotalAmt02169760
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01039691
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01140810
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02180501
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01069005
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0429143
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0429143
IRS990ScheduleD/RevenueSubtotalAmt01039691
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) TO BE TREATED AS A TAX EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO AND DOES FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. GENERALLY, INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE INCEPTION REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GAIN ON DISPOSAL OF ASSETS 429,143.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01069005
IRS990ScheduleD/TotalRevenuePerForm990Amt01468834
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01039691
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01069005
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0125926
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt1124600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt2107100
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt384000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt452530
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt535833
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0383647
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1352692
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2302883
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3303172
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4205782
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt5207706
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10

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