2024-03-04T15:32:01-06:00 2022-12-31 WITHUMSMITHBROWNPC 4600 EAST WEST HWY 900 BETHESDA MD 208143423 990 2022-01-01 521802714 National Investment Center for Seniors Housing & Care Inc % RAY BRAUN NATI 4102670504 One Park Place Suite 450 Annapolis MD 21401 RAY BRAUN CEO & PRESIDENT 4102670504 2024-02-22 true RAY BRAUN 999009999 RICHARD RUVELSON P00234075 3012726000 2022 2023-04-26 12:10:37Z X RAY BRAUN One Park Place 450 Annapolis MD 21401 36473057 false X www.nic.org X 1992 MD TO ENABLE THE ACCESS AND CHOICE OF AMERICA'S SENIORS IN THEIR HOUSING AND CARE BY PROVIDING DATA, ANALYTICS, AND CONNECTIONS THAT BRINGS TOGETHER INVESTORS AND 20 18 35 120 0 0 2514436 0 16840812 19978246 219 17590268 114 -1095457 19355581 36473057 74850 72250 0 0 9989138 10225574 0 0 0 15511109 14690790 25575097 24988614 -6219516 11484443 55654799 47820767 11051761 8118774 44603038 39701993 TO ENABLE THE ACCESS AND CHOICE OF AMERICA'S SENIORS IN THEIR HOUSING AND CARE BY PROVIDING DATA, ANALYTICS, AND CONNECTIONS THAT BRING TOGETHER INVESTORS AND PROVIDERS IN THE SECTOR. false false 10082917 13022379 CONFERENCES AND EDUCATIONAL ACTIVITIES: Conferences and educational events are held to exchange information related to the organization's exempt purpose. The conferences and educational events advance NIC's charitable and educational mission to promote availability and quality of housing and care for America's elders by providing a forum for the exchange of data and analytics which compress the cost of capital for seniors housing and care organizations, promote education on the critical role of operations and operators in the quality and success of seniors housing and care, and provide a forum for the development of leaders in seniors housing and care. 3157849 72250 184578 RESEARCH SERVICES: Revenue received from support of research projects, research studies, and sponsorships of research publications. NIC's research advances NIC's charitable and educational mission by increasing transparency, enabling access and choice for America's elders, encouraging leadership development, and fostering innovation in seniors housing and care. 5415956 6771289 NIC MAP VISION SUBSRIPTION SERVICE: REVENUE FROM SUBSCRIPTION TO NIC: MAP VISION, WHICH PROVIDES TIME SERIES DATA ON OPERATIONAL AND FINANCIAL PERFORMANCE OF SENIOR HOUSING & CARE PROPERTIES AND INFORMATION ON POPULATIONS BY GEOGRAPHY. NIC MAP VISION ADVANCES NIC'S CHARITABLE AND EDUCATIONAL MISSION TO MAKE SENIORS HOUSING AND CARE SETTINGS AND SERVICES AVAILABLE TO A GREATER PERCENTAGE OF AMERICA'S ELDERS BY PROVIDING INCREASED TRANSPARENCY FROM RELIABLE DATA AND ANALYTICS WHICH SERVE TO INCREASE THE AVAILABILITY OF CAPITAL AND TO COMPRESS THE COST OF CAPITAL FOR SENIORS HOUSING AND CARE ORGANIZATIONS. 18656722 true false false false false false false false false false true false true true true true false false false false false false false false false false false true false true false false false false false false false false false false false false true true false false false true 30 0 true 35 true false false false false false false false false false false false false X 20 18 false false false false false false false true true false false true true true true true true true true true true X RAY BRAUN 4102670504 ONE PARK PLACE SUITE 450 ANNAPOLIS MD 21401 X Brian Jurutka President & CEO-thru 10/7/2022 50.0 0.0 X X 563035 0 40830 Charles Harry Chief Operating Officer 50.0 0.0 X 419475 0 36157 Elizabeth Mace Chief Economist 50.0 0.0 X 398321 0 24011 Robert Kramer Founder and Advisor 20.0 0.0 X 355308 0 53954 Priscilla Hammett Sr Director, Finance & Admin 50.0 0.0 X 210113 0 39493 Laurie Tomko Sr Director, Corp Comm & Mktg 50.0 0.0 X 179898 0 45195 William Kauffman Sr. Principal Research 40.0 0.0 X 167638 0 45533 Jill Gately Director, Event Logistics 50.0 0.0 X 170754 0 24830 Leigh Anna Geraghty Manager, Marketing & Sales Tec 40.0 0.0 X 140159 0 45567 Thomas Ryan Brooks Sr. Principal Research 40.0 0.0 X 133485 0 50216 Staci Goff Sr Relationship Dev Mgr 40.0 0.0 X 134083 0 10525 Omar Zahraoui Principal 40.0 0.0 X 114916 0 18334 Ray Braun President and CEO 60.0 0.0 X X 90242 0 4952 Kurt Read Board chair 2.0 0.0 X X 0 0 0 Susan Barlow Board Vice Chair 2.0 0.0 X X 0 0 0 Imran Javaid Board Treasurer 2.0 0.0 X X 0 0 0 Kenneth Segarnick Assistant Treasurer 0.4 0.0 X X 0 0 0 John Rijos Board secretary 1.0 0.0 X X 0 0 0 Kelsey Mellard Board Assistant Secretary 1.0 0.0 X X 0 0 0 Lucida Baier Board Member 0.4 0.0 X 0 0 0 Jack Callison Board Member 0.4 0.0 X 0 0 0 Robert Chapin Board Member 0.4 0.0 X 0 0 0 Kai Hsiao Board Member 0.4 0.0 X 0 0 0 Justin Hutchens Board Member 0.4 0.0 X 0 0 0 Steven Insoft Board Member 0.4 0.0 X 0 0 0 Lynne Katzmann Board Member 0.4 0.0 X 0 0 0 Mercedes Kerr Board Member 0.4 0.0 X 0 0 0 Matthew Ruark Board Member 0.4 0.0 X 0 0 0 Steven Schmidt Board Member 0.4 0.0 X 0 0 0 Fee Stubblefield Board Member 0.4 0.0 X 0 0 0 Christopher Taylor Board Member 0.4 0.0 X 0 0 0 3077427 0 439597 13 false true false Marriott Marquis Houston 901 Massachusetts Ave NW WASHINGTON DC 20001 Fall Conference 1560608 CenterCircle Creative LLC 1709 York Drive SE GRAND RAPIDS MI 49506 Professional Service 1231351 Omni Dallas Hotel 555 S Lamar St DALLAS TX 75202 Spring Conference 965188 CSI Washington DC 6400 Arlington Blvd Ste 710 FALLS CHURCH VA 22042 event planner 904329 South Caroline AV Inc PO Box 24707 COLUMBIA SC 29224 AV Fees 501013 17 0 Conferences and Events 541519 13022379 13022379 MAP Income 541519 6771289 6771289 Research Income 541519 184578 184578 19978246 90268 90268 0 0 0 0 0 17500000 17500000 17500000 17500000 0 0 0 0 0 0 0 0 0 LOSS FROM JOINT VENTURE 900099 -1096366 -1096366 MISCELLANEOUS REVENUE 900099 909 909 -1095457 36473057 19979155 16493902 72250 72250 0 0 0 2656567 2115993 540574 0 6290276 3555592 2734684 118683 63064 55619 566021 367346 198675 594027 367260 226767 0 177213 45240 131973 78256 78256 0 0 0 2391272 1385070 1006202 826133 580352 245781 968853 875614 93239 1871601 1614454 257147 0 359051 331507 27544 456792 347196 109596 0 5342619 5304661 37958 266070 1 266069 0 1598446 1430761 167685 108815 57963 50852 TRAINNING & DEVELOPMENT 81514 22096 59418 Dues and Subscriptions 125440 120302 5138 Bad Debt Expense 26331 26331 Taxes and Licenses 12384 12384 24988614 18656722 6331892 0 6351371 2936968 0 0 0 0 2227322 279596 0 0 0 0 0 0 0 0 258288 60671 2483815 1622638 9229901 861177 0 20803311 2136036 0 0 20156548 34851501 0 600380 2722496 55654799 47820767 1262162 1145964 0 0 5424751 3610735 0 0 0 0 0 0 3196401 0 0 0 1168447 3362075 11051761 8118774 X 44603038 39701993 0 0 44603038 39701993 55654799 47820767 X 11484443 26707 2555941 -18968136 X X true X false true false X 0 30000 0 2514436 0 2544436 18388294 19706528 12451203 16840812 19978246 87365083 0 0 0 18388294 19736528 12451203 19355248 19978246 89909519 50000 50000 0 50000 50000 89859519 88004 141826 34233 219 90268 354550 0 88004 141826 34233 219 90268 354550 0 0 0 0 114 909 1023 18476298 19878354 12485436 19355581 20069423 90265092 0.99551 0.99580 0.00393 0.00360 X 0 1036558 311296 725262 0 416460 283266 133194 0 1030797 1028076 2721 861177 INVESTMENT IN JOINT VENTURE 20156548 F 20156548 RIGHT OF USE OF ASSETS 2359368 DEPOSITS 363128 2722496 0 Deferred Compensation Payable 262424 OPERATING & FINANCE LEASE LIABILITY 3099651 3362075 X part X, line 2: THE ORGANIZATION IS A NON-PROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. CONTRIBUTIONS TO THE ORGANIZATION QUALIFY FOR A CHARITABLE CONTRIBUTION DEDUCTION. INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. THE ORGANIZATION HAD NO NET UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021. FASB ASC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION'S MANAGEMENT HAS EVALUATED THE IMPACT OF THIS GUIDANCE TO ITS FINANCIAL STATEMENTS. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. false Alzheimers Assocation 8180 Greensboro Dr McLean VA 22103 133039601 501(c)(3) 13000 Charitable Donation and sponsorship Vision Centre 923 Hastings Way 124 Eau Claire WI 54701 881187241 501(C)(3) 10000 Endorsing Organization Commitment Real Estate Research Institute 100 Pearl St Hartfold CT 06103 133415691 501(C)(3) 7500 Research sponsorship Age Friendly Foundation 204 2nd Ave Waltham MA 02451 833954823 501(C)(3) 7500 Conference Sponsor 4 0 X X X X X X true false false true false false false false false Brian Jurutka President & CEO-thru 10/7/2022 315197 0 200000 0 47838 0 9150 0 31680 0 603865 0 0 0 Charles Harry Chief Operating Officer 283829 0 135000 0 646 0 21350 0 14807 0 455632 0 0 0 Elizabeth Mace Chief Economist 262309 0 135000 0 1012 0 21350 0 2661 0 422332 0 0 0 Robert Kramer Founder and Advisor 353822 0 0 0 1486 0 21350 0 32604 0 409262 0 0 0 Priscilla Hammett Sr Director, Finance & Admin 176400 0 33067 0 646 0 15046 0 24447 0 249606 0 0 0 Laurie Tomko Sr Director, Corp Comm & Mktg 149510 0 30000 0 388 0 13219 0 31976 0 225093 0 0 0 William Kauffman Sr. Principal Research 138891 0 28437 0 310 0 12275 0 33258 0 213171 0 0 0 Leigh Anna Geraghty Manager, Marketing & Sales Tec 127587 0 12039 0 533 0 10587 0 34980 0 185726 0 0 0 Thomas Ryan Brooks Sr. Principal Research 117431 0 15750 0 304 0 10290 0 39926 0 183701 0 0 0 Jill Gately Director, Event Logistics 137347 0 33067 0 340 0 12114 0 12716 0 195584 0 0 0 PART I, LINE 4A: BRIAN JURUTKA RECEIVED A SEVERANCE PAYMENT OF $46,442 WHICH IS REFLECTED AS PART OF THE AMOUNT IN SCHEDULE J, PART II, COLUMN B(III). PART I, LINE 5: SOME EMPLOYEES ARE PAID COMMISSIONS BASED ON SALES IN ADDITION TO SALARY BASE. FORM 990, PART I, LINE 1: PROVIDERS IN THE SECTOR. FORM 990, PART VI, SECTION B, LINE 11B: THE AUDIT COMMITTEE AND EXECUTIVE COMMITTEE OF THE BOARD REVIEWS FORM 990 PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C: DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST TO NIC'S BOARD OR A COMMITTEE THEREOF. NIC'S CONFLICT OF INTEREST POLICY AND AN ANNUAL STATEMENT AFFIRMING RECEIPT OF THE POLICY AND THE INDIVIDUAL'S AGREEMENT TO COMPLY ARE SENT TO THE DIRECTORS AND OFFICERS FOR COMPLETION UPON BEING ELECTED OR APPOINTED AS A DIRECTOR OR OFFICER, AND ANNUALLY THEREAFTER. ALL CONFLICT OF INTEREST DISCLOSURES ARE REVIEWED BY NIC'S EXECUTIVE COMMITTEE. THOSE INDIVIDUALS DETERMINED TO HAVE AN ACTUAL CONFLICT OF INTEREST WITH RESPECT TO A PARTICULAR TRANSACTION OR DECISION ARE REQUIRED TO RECUSE THEMSELVES FROM DISCUSSION AND VOTING ON SUCH TRANSACTION OR DECISION. FORM 990, PART VI, SECTION B, LINE 15: THERE IS A COMPENSATION COMMITTEE OF THE BOARD THAT REVIEWS AND RECOMMENDS SALARIES & BENEFITS ON AN ANNUAL BASIS FOR THE CEO, PRESIDENT & OTHER KEY EMPLOYEES OF THE ORGANIZATION IN DETERMINING SUCH COMPENSATION. THE COMMITTEE RETAINS THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT. THIS CONSULTANT CONDUCTS A COMPENSATION STUDY ON A FREQUENCY NOT GREATER THAN EVERY 5 YEARS WHICH INCLUDED SALARIES AND BENEFITS FOR SIMILAR POSITIONS WITH OTHER NON-PROFIT ORGANIZATIONS BASED ON REVIEW OF THEIR FORM 990'S AND OTHER RESEARCH. THE COMPENSATION COMMITTEE WORKED WITH THE ORGANIZATION'S OUTSIDE ATTORNEY TO DEVELOP A WRITTEN EMPLOYMENT CONTRACT FOR THE PRESIDENT AND CEO. THESE CONTRACTS WERE APPROVED BY THE COMPENSATION COMMITTEE AND EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19: GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS FROM PRIOR YEARS. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: Adjustment for Lease: $57,221 Deconsolidation Of Joint Venture: -$19,025,357 Total on Line 9: -$18,968,136 FORM 990 - AMENDED RETURN The 2022 Form 990 is being amended due to changes to the financial statements after E-filing of the 2022 Form 990 originally due November 15, 2023. The following changes were made to Form 990: 1. Part III: Program Expense and Program Income Allocations 2. Part VIII: Statement of Revenue 3. Part XI: Statement of Functional Expenses 4. Part X: Balance Sheet 5. Part XI: Reconciliation of Net Assets 6. Part XII: Financial Statements and Reporting 7. Schedule A, Part III: Support Schedule for Organizations 8. Schedule D, Part VI: Land, Buildings, and Equipments 9. Sch D, Part VIII: Investments-Program Related 10. Sch D, Part X: Other Liabilities 11. Sch R, Part I: Identification of Disregarded Entities 12. Sch R, Part III: Identification of Related Organizations Taxable as a Partnerships 13. Sch R, Part VII: Supplemental Information NIC Holdco LLC One Park Place Annapolis MD 21401 861657902 Investment VA -2783200 20156548 NIC NIC MAP Vision LLC 5430 Wade Park Blvd Raleigh NC 27607 861706626 IT Service NC -2783200 8784106 false 0 false 0.31260 false false false false false false false false false false false false false false false false false false false FORM 990, SCHEDULE R, PART I AND II: NIC HOLDCO LLC OWNS 31.26% OF NIC MAP VISION.