Elizabeth Seton Residence Inc
- Assets
- $5.4m
- Revenue
- $14.2m
- Investments
- $0.0
- Employees
- 174
- Location
- Wellesley Hills, MA
- Founding
- 08/1982
- Data as of
- 12/2021
- EIN
- 04-2648872
Organization Overview
Elizabeth Seton Residence Inc is located in Wellesley Hills, MA. The organization was established in 1982. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2021, Elizabeth Seton Residence Inc employed 174 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Elizabeth Seton Residence Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Elizabeth Seton Residence Inc generated $14.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $12.7m during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING CARE TO ELDERLY RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ELIZABETH SETON RESIDENCE IS AN 84-BED NOT FOR PROFIT CATHOLIC SKILLED NURSING AND REHABILITATION FACILITY LOCATED IN WELLESLEY HILLS, MASSACHUSETTS. IT WAS FIRST OPENED BY THE SISTERS OF CHARITY (HALIFAX) IN 1980 AND WAS RENOVATED IN 2010 TO SUPPORT PERSON-CENTERED CARE AND A MORE HOMELIKE ENVIRONMENT. ALL ARE WELCOME REGARDLESS OF RELIGION, RACE, ETHNIC BACKGROUND, GENDER OR NATIONAL ORIGIN. WE PROVIDE COMPASSIONATE LONG TERM CARE, PALLIATIVE CARE, HOSPICE AND RESPITE STAYS IN AN ENVIRONMENT THAT PROVIDES MEDICAL, SPIRITUAL, AND SOCIAL SUPPORT OF RESIDENTS AND THEIR FAMILIES. OUR DEDICATED 16 BED SHORT-TERM REHABILITATION UNIT PROVIDES EXCEPTIONAL THERAPY AND NURSING CARE TO THOSE REQUIRING SKILLED INTERVENTION PRIOR TO RETURNING HOME AFTER AN ILLNESS OR SURGERY. THE RESIDENCE IS MEDICARE AND MEDICAID CERTIFIED AND WE ARE PROUD OF OUR CMS 5-STAR QUALITY RATING. WE WERE NAMED A TOP PERFORMING NURSING HOME BY US NEWS AND WORLD REPORT FOR THE PAST SIX YEARS AND CONSISTENTLY MEET OR EXCEED STATE AND NATIONAL QUALITY STANDARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kay Moulton Lpn | 72 | $186,439 | |
Lori Ferrante Administrator | Officer | 40 | $171,377 |
Jennifer Cook Controller | Officer | 24 | $142,285 |
Rosalba Dimonda Director Of Nurses | 40 | $139,160 | |
Virginia Orjiako Rn | 56 | $138,354 | |
Gwendolyn Smith Lpn | 57 | $133,599 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fusion Rehab Services Rehabilitation Services | 12/30/18 | $516,269 |
Unidine Corp Dining Services | 12/30/18 | $930,487 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,289 |
| Related organizations | $300,000 |
| Government grants | $2,269,669 |
| All other contributions, gifts, grants, and similar amounts not included above | $386,015 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,985,973 |
| Total Program Service Revenue | $11,173,693 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,115 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,190,879 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $393,051 |
| Compensation of current officers, directors, key employees. | $393,051 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,579,296 |
| Pension plan accruals and contributions | $179,569 |
| Other employee benefits | $904,484 |
| Payroll taxes | $546,545 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $51,538 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $333,520 |
| Advertising and promotion | $0 |
| Office expenses | $55,419 |
| Information technology | $104,318 |
| Royalties | $0 |
| Occupancy | $596,342 |
| Travel | $24 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,216 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $356,457 |
| Insurance | $53,602 |
| All other expenses | $127,139 |
| Total functional expenses | $12,747,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $950,347 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $41,678 |
| Accounts receivable, net | $711,842 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $63,429 |
| Net Land, buildings, and equipment | $3,459,600 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $143,200 |
| Total assets | $5,370,096 |
| Accounts payable and accrued expenses | $1,040,739 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $844,155 |
| Total liabilities | $1,884,894 |
| Net assets without donor restrictions | $3,395,916 |
| Net assets with donor restrictions | $89,286 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,370,096 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Elizabeth Seton Residence Inc has recieved totaling $1,147.
| Awarding Organization | Amount |
|---|---|
Hintz Family Fund Inc Morristown, NJ PURPOSE: COMMUNITY SERVICE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $147 |
Endowment Analysis
| Beg. Balance | $104,620 |
| Net Contributions | $58,189 |
| Other Expense | $14,619 |
| Ending Balance | $148,190 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Armenian Home Inc Forest Hills, NY | $920,237 | $91,924 |
The Riverwoods Company At Exeter New Hampshire Exeter, NH | $189,550,060 | $45,820,937 |
North Hill Needham Inc Needham, MA | $218,215,357 | $46,801,004 |
Church Home Of Hartford Bloomfield, CT | $129,665,157 | $38,203,395 |
Church Homes Inc Congregational Hartford, CT | $66,814,716 | $47,094,677 |
Carleton Willard Homes Inc Bedford, MA | $84,483,009 | $38,647,048 |
The Gerry Homes Gerry, NY | $84,710,797 | $32,122,668 |
Fallon Health Weinberg Inc Getzville, NY | $39,412,564 | $35,899,883 |
Peconic Landing At Southold Inc Greenport, NY | $144,140,145 | $36,575,086 |
Michigan Automobile Insurance Placement Facility Johnston, RI | $95,743,135 | $26,699,927 |
Symmes Life Care Inc Lexington, MA | $195,262,615 | $31,035,434 |
Whitney Center Inc Hamden, CT | $108,082,028 | $31,737,893 |