Steere House
- Assets
- $27.3m
- Revenue
- $17.8m
- Investments
- $1.4m
- Employees
- 167
- Location
- Providence, RI
- Founding
- 02/1935
- Data as of
- 12/2023
- EIN
- 05-0258880
Organization Overview
Steere House is located in Providence, RI. The organization was established in 1935. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2023, Steere House employed 167 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steere House 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 12/2023, Steere House generated $17.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $15.8m during the year ending 12/2023. While expenses have increased by 2.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF STEERE HOUSE NURSING & REHABILITATION CENTER IS TO SERVE ADULTS WHO REQUIRE SKILLED, RESTORATIVE AND LONG-TERM CARE SERVICES WITHIN A SECURE AND CARING ENVIRONMENT. THE CENTER ALSO PROVIDES EDUCATIONAL AND RESEARCH EXPERIENCES THAT ENHANCE THE CARE OF THOSE WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES REHABILITATIVE, SKILLED, TRANSITIONAL NURSING CARE. ALSO PROVIDES LONG-TERM SUPPORT AND CARE TO THOSE WITH ALZHEIMERS AND MEMORY LOSS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Schwager MD Board Member | Trustee | 0.5 | $0 |
Linda Cannistra Board President | OfficerTrustee | 2.5 | $0 |
Paul Astphan Board Vice President | OfficerTrustee | 1 | $0 |
Andrew Spacone Board Member | Trustee | 1 | $0 |
Norma Owens Board Treasurer | OfficerTrustee | 2 | $0 |
Diane Steere Nobles Board Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Unidine Lifestyles Dba Flik Internation Contract Services-dietary & Evs | 12/30/23 | $1,739,617 |
Carelink Inc Therapy Services | 12/30/23 | $623,401 |
Coreworks Llc Building Maintenance Management | 12/30/23 | $612,706 |
Pharmerica Dba Pharmacy Supplies & Services | 12/30/23 | $249,574 |
Lifespan Corporation Physician Consulting | 12/30/23 | $167,363 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,318,322 |
| Government grants | $144,771 |
| All other contributions, gifts, grants, and similar amounts not included above | $478,351 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,941,444 |
| Total Program Service Revenue | $12,452,066 |
| Investment income | $558,180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,817,384 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,813,342 |
| 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. | $474,524 |
| Compensation of current officers, directors, key employees. | $41,003 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,862,560 |
| Pension plan accruals and contributions | $85,322 |
| Other employee benefits | $739,113 |
| Payroll taxes | $571,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,932 |
| Fees for services: Accounting | $80,021 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $78,654 |
| Fees for services: Other | $2,694,414 |
| Advertising and promotion | $39,183 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $453,678 |
| Travel | $624 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $115,812 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $554,819 |
| Insurance | $251,640 |
| All other expenses | $0 |
| Total functional expenses | $15,792,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $582,871 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,961,770 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $48,476 |
| Prepaid expenses and deferred charges | $96,761 |
| Net Land, buildings, and equipment | $4,055,458 |
| Investments—publicly traded securities | $12,986,955 |
| Investments—other securities | $1,431,486 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,134,944 |
| Total assets | $27,298,721 |
| Accounts payable and accrued expenses | $1,258,881 |
| 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 | $5,982,621 |
| Total liabilities | $7,241,502 |
| Net assets without donor restrictions | $18,836,790 |
| Net assets with donor restrictions | $1,220,429 |
| 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 | $27,298,721 |