Nazareth INC EIN 35-2607040

Nazareth INC

EIN  35-2607040 Supporting organization Kalamazoo, MI
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/22/26 · see original filing: IRS
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Size
$1–10M
What they do
Provides assisted living and supportive services for independent individuals needing safety and well-being assistance.
Leadership
SR Kathleen Brazda · President
Money in and out
$5.5M revenue, $5.1M expenses
Bottom line
+6% net inflow

Provides assisted living and supportive services for independent individuals needing safety and well-being assistance. For fiscal year 2025 it reported $5.5M in revenue, $5.1M in expenses, and $84K in net assets.Pt I

Money in and out · FY2025
Total revenue
$5.5M
Pt VIII · Ln 12
Total expenses
$5.1M
Pt IX · Ln 25
Net assets
$84K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $313K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.17
Net inflow
+6%
revenue over expenses, this year▲ +501% vs prior filing year
Pass-through gifts
8%
of revenue from contributions
Program spending
83%
of expenses reach stated programs▼ -1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$5.5M
FY2025▲ +6%
Expenses
$5.1M
FY2025▼ -1%
Total assets
$2.6M
FY2025▼ -15%
Total liabilities
$2.5M
FY2025▼ -2%
Total revenue
$5.5M
Pt VIII · Ln 12
Total expenses
$5.1M
Pt IX · Ln 25
Net assets
$84K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$313K
Total assetsPt X · Ln 16$2.6M
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $4.3M of program spending, described in the organization's own filed words · FY2024.
01

To provide residents care through medical and social services, to provide activities for residents and assist residents in the growth of their relationship to god, and to serve the aging in an environment which fosters respect for persons and which encourages fruitful and independent living within individual limits.

$4.3Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNazareth INC
EINHdr · item D35-2607040
Principal addressHdr · item CKalamazoo, MI
WebsiteHdr · item Jcsjoseph.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L22)
Ruling yearIRS BMFSep 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$5.0M · 92%
Contributions & grants$416K · 8%
Program service revenue92%$5.0M
Contributions & grants8%$416K
Other revenue$27K
Total revenueLn 12$5.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.17
Program services83%$4.3M
Management & general17%$873K
Total functional expensesLn 25$5.1M

Balance Sheet

Part X · end of year
CashLn 1$878K
Total assetsLn 16$2.6M
Total liabilitiesLn 26$2.5M
Total net assetsLn 32$84K
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $878K · Operating expenses/yr $5.1M
2.0 months
Where the money goes
Program services
Program services $4.3M · Total expenses $5.1M
83%
Management & General
Management & general $873K · Total expenses $5.1M
17%
Fundraising
Fundraising $0 · Total expenses $5.1M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $164K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $416K · Total revenue $5.5M
8%
Government reliance
Government grants — · Total revenue $5.5M
Earned-income share
Program service revenue $5.0M · Total revenue $5.5M
92%
Investment reliance
Investment income $0 · Total revenue $5.5M
0%
Program self-sufficiency
Program service revenue $5.0M · Total expenses $5.1M
97%
Growth & trend
Revenue growth (YoY)
This year $5.5M · Prior year $5.1M
+6%
Net-asset trend (YoY)
End of year $84K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $5.5M · Expenses $5.1M
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $2.6M
Net-asset ratio
Net assets $84K · Total assets $2.6M
3%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual SR Kathleen Brazda · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $5.1M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.9M · Total expenses $5.1M
57%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 17%
Fundraising cost ratio 0%
Revenue growth 6%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$5.5M revenue · viewing · ⤓ 990 PDF
FY2024$5.1M revenue · ⤓ 990 PDF
FY2023$5.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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