St Michaels Home Inc

Organization Overview

St Michaels Home Inc is located in Yonkers, NY. The organization was established in 1958. 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, St Michaels Home Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Michaels Home 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, St Michaels Home Inc generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 0.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RUN A RELIGIOUS ADULT HOME

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATING A HOME FOR THE AGED. THE HOME HAS A CAPACITY FOR 58 RESIDENTS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,335,723
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,335,723
Total Program Service Revenue$870,983
Investment income $141
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $239,027
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,517,097

Grants Recieved

Over the last fiscal year, we have identified 1 grants that St Michaels Home Inc has recieved totaling $2,000.

Awarding OrganizationAmount
K P & Phoebe Tsolainos Foundation Inc

Potomac, MD

PURPOSE: GENERAL PURPOSES

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,402,688
Ending Balance$1,402,688

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