Nonprofit · EIN 52-1802714
NATIONAL INVESTMENT CENTER FOR SENIORS HOUSING & CARE INC
Tax-exempt · ANNAPOLIS, MD 21401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $13,287,197 | $16,979,646 | -$3,692,449 | $38,924,124 | $7,005,043 | $31,919,081 |
| December 31, 2023 | 990 | $13,482,789 | $19,132,705 | -$5,649,916 | $43,138,888 | $8,143,432 | $34,995,456 |
| December 31, 2022 | 990 (amended) | $36,473,057 | $24,988,614 | $11,484,443 | $47,820,767 | $8,118,774 | $39,701,993 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $14,820,007
- Investment income
- $563,752
- Royalties
- $10,000
- Other revenue
- -$2,096,562
Expenses
- Grants and similar amounts paid
- $97,500
- Compensation of officers, directors and key employees
- $1,675,498
- Other salaries and wages
- $3,850,901
- Salaries, compensation and benefits (total)
- $6,383,899
- Professional fundraising fees
- $0
- Legal fees
- $38,839
- Accounting fees
- $54,148
- Occupancy
- $358,460
- Travel
- $434,468
- Depreciation
- $139,276
- Program services (functional)
- $14,700,804
- Management and general (functional)
- $2,278,842
Balance sheet and other
- Total assets, start of year
- $43,138,888
- Total assets, end of year
- $38,924,124
- Total liabilities, end of year
- $7,005,043
- Net assets, end of year
- $31,919,081
- Land, buildings and equipment
- $586,801
- Publicly traded securities
- $17,196,258
- Net assets without donor restrictions
- $31,919,081
- Gross receipts
- $13,287,197
- Employees
- 38
- Volunteers
- 21
- Year formed
- 1992
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAYMOUND BRAUN | PRESIDENT & CEO Officer | 60 | $643,239 | $45,096 |
| ROBERT KRAMER | FOUNDER & ADVISOR Officer | 30 | $515,390 | $49,479 |
| CHARLES HARRY | CHIEF OPERATING OFFICER UNTIL 04/24 Highest-paid employee | 50 | $373,357 | $7,937 |
| LISA MCCRACKEN | HEAD OF RESEARCH & ANALYTICS Highest-paid employee | 40 | $322,775 | $28,087 |
| CAROLINE CLAPP | SENIOR PRINCIPAL Highest-paid employee | 40 | $194,395 | $43,895 |
| BILL KAUFFMAN | SENIOR PRINCIPAL Highest-paid employee | 40 | $182,665 | $42,722 |
| PRISCILLA HAMMET | SR DIRECTOR, FINANCE & ADMIN Officer | 50 | $185,378 | $34,201 |
| ALIA IQBAL | DIRECTOR FINANCE & ADMINISTRATION Officer | 50 | $181,288 | $21,422 |
| JAMIE GRAY | DIRECTOR VOLUNTEER ENGAGEMENT Highest-paid employee | 40 | $154,367 | $35,646 |
| SUSAN BARLOW | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| KENNETH SEGARNICK | VICE CHAIR Trustee or director, Officer | 0.4 | $0 | $0 |
| FEE STUBBLEFIELD | VICE CHAIR Trustee or director, Officer | 0.4 | $0 | $0 |
| JOHN RIJOS | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BRE GRUBBS | ASSISTANT SECRETARY Trustee or director, Officer | 0.4 | $0 | $0 |
| IMRAN JAVAID | BOARD TREASURER Trustee or director, Officer | 2 | $0 | $0 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARON WILL | ASSISTANT TREASURER Trustee or director, Officer | 0.4 | $0 |
| KURT READ | BOARD MEMBER Trustee or director | 2 | $0 |
| CINDY BAIER | BOARD MEMBER Trustee or director | 0.4 | $0 |
| JACK CALLISON | BOARD MEMBER Trustee or director | 0.4 | $0 |
| CHIP GABRIEL | BOARD MEMBER Trustee or director | 0.4 | $0 |
| VICKAS GUPTA | BOARD MEMBER Trustee or director | 0.4 | $0 |
| KAI HSIAO | BOARD MEMBER Trustee or director | 0.4 | $0 |
| JUSTIN HUTCHENS | BOARD MEMBER Trustee or director | 0.4 | $0 |
| LYNNE KATZMANN | BOARD MEMBER Trustee or director | 0.4 | $0 |
| MERCEDES KERR | BOARD MEMBER Trustee or director | 0.4 | $0 |
| SEVY PETRAS | BOARD MEMBER Trustee or director | 0.4 | $0 |
| MATHEW RUARK | BOARD MEMBER Trustee or director | 0.4 | $0 |
| KATHLEEN RYSER | BOARD MEMBER Trustee or director | 0.4 | $0 |
| ALLISON O'CONNOR | BOARD MEMBER AS OF 06/24 Trustee or director | 0.4 | $0 |
| LUCIDA BAIER | BOARD MEMBER Trustee or director | 0.4 | $0 |
990 for the year ended December 31, 2023: 36 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAYMOUND BRAUN | PRESIDENT & CEO Officer | 60 | $439,413 | $38,723 |
| CHARLES HARRY | CHIEF OPERATING OFFICER Officer | 50 | $441,879 | $31,841 |
| ROBERT KRAMER | FOUNDER & ADVISOR Officer | 20 | $340,817 | $49,139 |
| ELIZABETH MACE | CHIEF ECONOMIST Key employee | 50 | $320,955 | $986 |
| BRIAN JURUKTA | FORMER PRESIDENT & CEO Former | 0 | $303,578 | $0 |
| PRISCILLA HAMMET | SR DIRECTOR, FINANCE & ADMIN Officer | 50 | $236,067 | $37,044 |
| LAURIE TOMKO | SR DIRECTOR, CORPORATE COMMUNICATIONS AND MARK Highest-paid employee | 40 | $208,292 | $26,305 |
| BILL KAUFMAN | SENIOR PRINCIPAL Highest-paid employee | 40 | $180,634 | $41,150 |
| CAROLINE CLAPP | SENIOR PRINCIPAL Highest-paid employee | 40 | $159,197 | $35,484 |
| LEIGH ANNA GERAGHTY | SR SALESFORCE INTERGRATION & SOLUTIONS MANAGER Highest-paid employee | 40 | $143,591 | $35,434 |
| JILL BLIMLINE | DIRECTOR OF EVENTS OPERATIONS Highest-paid employee | 40 | $155,234 | $19,824 |
| KURT READ | CHAIR UNTIL 06/23 THEN VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| SUSAN BARLOW | VICE CHAIR UNTIL 06/23 THEN CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| IMRAN JAVAID | BOARD TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| BRE GRUBBS | BOARD ASSISTANT TREASURER Trustee or director, Officer | 0.4 | $0 | $0 |
| JOHN RIJOS | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KELSEY MELLARD | BOARD ASSIST.SECRETARY-UNTIL 06/23 Trustee or director, Officer | 1 | $0 | $0 |
| CINDY BAIER | BOARD MEMBER Trustee or director | 0.4 | $0 | $0 |
| JACK CALLISON | BOARD MEMBER Trustee or director | 0.4 | $0 | $0 |
| CHIP GABRIEL | BOARD MEMBER Trustee or director | 0.4 | $0 | $0 |
| VICKAS GUPTA | BOARD MEMBER Trustee or director | 0.4 | $0 | $0 |
| KAI HSIAO | BOARD MEMBER Trustee or director | 0.4 | $0 | $0 |
| JUSTIN HUTCHENS | BOARD MEMBER Trustee or director | 0.4 | $0 | $0 |
| STEVEN INSOFT | BOARD MEMBER - UNTIL 06/2023 Trustee or director | 0.4 | $0 | $0 |
| LYNNE KATZMANN | BOARD MEMBER Trustee or director | 0.4 | $0 | $0 |
| MERCEDES KERR | BOARD MEMBER Trustee or director | 0.4 | $0 | $0 |
| SEVY PETRAS | BOARD MEMBER Trustee or director | 0.4 | $0 | $0 |
| MATHEW RUARK | BOARD MEMBER Trustee or director | 0.4 | $0 | $0 |
| KATHLEEN RYSER | BOARD MEMBER Trustee or director | 0.4 | $0 | $0 |
| STEVEN SCHMIDT | BOARD MEMBER Trustee or director | 0.4 | $0 | $0 |
| KENNETH SEGARNICK | EX-OFFICIO,OAB REPRESENTATIVE Trustee or director | 0.4 | $0 | $0 |
| FEE STUBBLEFIELD | BOARD MEMBER Trustee or director | 0.4 | $0 | $0 |
| CHRIS TAYLOR | BOARD MEMBER - UNTIL 06/2023 Trustee or director | 0.4 | $0 | $0 |
| ARON WILL | BOARD MEMBER AS OF 07/23 Trustee or director | 0.4 | $0 | $0 |
| LUCIDA BAIER | BOARD MEMBER Trustee or director | 0.4 | $0 | $0 |
| ROBERT CHAPIN | BOARD MEMBER - UNTIL 06/2023 Trustee or director | 0.4 | $0 | $0 |
990 for the year ended December 31, 2022: 31 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Brian Jurutka | President & CEO-thru 10/7/2022 Trustee or director, Officer | 50 | $563,035 | $40,830 |
| Charles Harry | Chief Operating Officer Officer | 50 | $419,475 | $36,157 |
| Elizabeth Mace | Chief Economist Key employee | 50 | $398,321 | $24,011 |
| Robert Kramer | Founder and Advisor Trustee or director | 20 | $355,308 | $53,954 |
| Priscilla Hammett | Sr Director, Finance & Admin Officer | 50 | $210,113 | $39,493 |
| Laurie Tomko | Sr Director, Corp Comm & Mktg Key employee | 50 | $179,898 | $45,195 |
| William Kauffman | Sr. Principal Research Highest-paid employee | 40 | $167,638 | $45,533 |
| Jill Gately | Director, Event Logistics Key employee | 50 | $170,754 | $24,830 |
| Leigh Anna Geraghty | Manager, Marketing & Sales Tec Highest-paid employee | 40 | $140,159 | $45,567 |
| Thomas Ryan Brooks | Sr. Principal Research Highest-paid employee | 40 | $133,485 | $50,216 |
| Staci Goff | Sr Relationship Dev Mgr Highest-paid employee | 40 | $134,083 | $10,525 |
| Omar Zahraoui | Principal Highest-paid employee | 40 | $114,916 | $18,334 |
| Ray Braun | President and CEO Trustee or director, Officer | 60 | $90,242 | $4,952 |
| Kurt Read | Board chair Trustee or director, Officer | 2 | $0 | $0 |
| Susan Barlow | Board Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Imran Javaid | Board Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Kenneth Segarnick | Assistant Treasurer Trustee or director, Officer | 0.4 | $0 | $0 |
| John Rijos | Board secretary Trustee or director, Officer | 1 | $0 | $0 |
| Kelsey Mellard | Board Assistant Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Lucida Baier | Board Member Trustee or director | 0.4 | $0 | $0 |
| Jack Callison | Board Member Trustee or director | 0.4 | $0 | $0 |
| Robert Chapin | Board Member Trustee or director | 0.4 | $0 | $0 |
| Kai Hsiao | Board Member Trustee or director | 0.4 | $0 | $0 |
| Justin Hutchens | Board Member Trustee or director | 0.4 | $0 | $0 |
| Steven Insoft | Board Member Trustee or director | 0.4 | $0 | $0 |
| Lynne Katzmann | Board Member Trustee or director | 0.4 | $0 | $0 |
| Mercedes Kerr | Board Member Trustee or director | 0.4 | $0 | $0 |
| Matthew Ruark | Board Member Trustee or director | 0.4 | $0 | $0 |
| Steven Schmidt | Board Member Trustee or director | 0.4 | $0 | $0 |
| Fee Stubblefield | Board Member Trustee or director | 0.4 | $0 | $0 |
| Christopher Taylor | Board Member Trustee or director | 0.4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 PARK PL STE 450, ANNAPOLIS, MD 21401-3481
- In care of
- % RAY BRAUN
- Principal officer (990 for 2024)
- RAY BRAUN, ONE PARK PLACE 450, ANNAPOLIS, MD 21401
- Signed the 990
- RAY BRAUN, PRESIDENT & CEO
- Phone
- (410) 267-0504
- Website
- WWW.NIC.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
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.
Program accomplishments
- 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.Expenses $9,478,907 · revenue $14,256,482
- 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.Expenses $3,812,014 · grants $97,500 · revenue $83,108
- NIC ACADEMY IS THE ONLY PROFESSIONAL CERTIFICATION PROGRAM DEDICATED TO SENIOR HOUSING AND CARE. BECAUSE OF NIC'S RESOURCES, CURRICULUM, FACULTY AND TEACHING METHOD, STUDENTS ARE ABLE TO IMMEDIATELY PUT THEIR LEARNING TO USE AND START MAKING AN IMPACT IN THEIR ORGANIZATION.Expenses $1,409,883 · revenue $480,417
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1802714
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P81Z)
- Assets (IRS master file)
- $38,924,124
- Income (IRS master file)
- $13,287,197
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $13,287,197 | $16,979,646 | $38,924,124 | IRS |
| 990 | December 2023 | $13,482,789 | $19,132,705 | $43,138,888 | XML |
| 990 | December 2022 | $36,473,057 | $24,988,614 | $47,820,767 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-1802714).
Questions about NATIONAL INVESTMENT CENTER FOR SENIORS HOUSING & CARE INC
- What is the EIN of NATIONAL INVESTMENT CENTER FOR SENIORS HOUSING & CARE INC?
- The employer identification number (EIN) of NATIONAL INVESTMENT CENTER FOR SENIORS HOUSING & CARE INC is 52-1802714.
- Is NATIONAL INVESTMENT CENTER FOR SENIORS HOUSING & CARE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to NATIONAL INVESTMENT CENTER FOR SENIORS HOUSING & CARE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NATIONAL INVESTMENT CENTER FOR SENIORS HOUSING & CARE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NATIONAL INVESTMENT CENTER FOR SENIORS HOUSING & CARE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NATIONAL INVESTMENT CENTER FOR SENIORS HOUSING & CARE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NATIONAL INVESTMENT CENTER FOR SENIORS HOUSING & CARE INC?
- The 990 for the year ended December 31, 2024 names RAY BRAUN.
- Who are the officers and directors of NATIONAL INVESTMENT CENTER FOR SENIORS HOUSING & CARE INC?
- The 990 for the year ended December 31, 2024 lists 30 people; 9 received compensation from the organization, the highest $643,239 (RAYMOUND BRAUN, PRESIDENT & CEO).
- How much revenue does NATIONAL INVESTMENT CENTER FOR SENIORS HOUSING & CARE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $13,287,197, expenses of $16,979,646 and total assets of $38,924,124 at year end.
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