Kateri Residence Inc
- Assets
- $37.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 13-3086309
Organization Overview
Kateri Residence Inc, operating under the name Archcare At Kateri Residence, is located in New York, NY. The organization was established in 1946. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Archcare At Kateri Residence 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, Archcare At Kateri Residence generated $50.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.3%) each year. All expenses for the organization totaled $12.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (41.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE NURSING HOME IS DEVOTED TO CARING FOR THE SICK AND DISABLED WITH COMPASSION IN THE TRADITION OF CATHOLIC HEALTH CARE. IN 2013, THE NURSING HOME WAS SOLD AND IS IN THE PROCESS OF BEING DISSOLVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott P La Rue President & CEO | 0.1 | $0 | |
Annmarie Covone Executive Vp/cfo | 0.1 | $0 | |
Francis J Serbaroli ESQ Chairman | 0.1 | $0 | |
Thomas M O'brien Vice-Chair | 0.1 | $0 | |
Dr Tara A Cortes Secretary | 0.1 | $0 | |
Thomas E Alberto Board Member | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ltc Consulting Services Llc Consulting | 12/30/14 | $110,500 |
Cadwalader Wickersham & Taft Legal | 12/30/14 | $228,018 |
Daraja Enterprises Consulting | 12/30/14 | $723,150 |
Catholic Health Care System Administrative Services | 12/30/14 | $1,421,622 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $50,000 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $50,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,693 |
| Total expenses | $12,693 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,307 |
| Other assets | $0 |
| Total assets | $37,307 |
| Total liabilities | $0 |
| Net assets or fund balances | $37,307 |
Grants Awarded
Over the last fiscal year, Kateri Residence Inc has awarded $1,000,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC HEALTH CARE FOUNDATION OF THE ARCHDIOCESE OF NEW YORK INC PURPOSE: GENERAL ASSISTANCE | $800,000 |
CATHOLIC HEALTH CARE SYSTEM PURPOSE: GENERAL ASSISTANCE | $200,000 |