Teresian House Nursing Home Co Inc
- Assets
- $19.6m
- Revenue
- $31.7m
- Investments
- $0.0
- Employees
- 611
- Location
- Albany, NY
- Founding
- 10/1971
- Data as of
- 12/2021
- EIN
- 14-1539594
Organization Overview
Teresian House Nursing Home Co Inc is located in Albany, NY. The organization was established in 1971. 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 12/2021, Teresian House Nursing Home Co Inc employed 611 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teresian House Nursing Home Co 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, Teresian House Nursing Home Co Inc generated $31.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $29.7m during the year ending 12/2021. While expenses have increased by 1.6% 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
THE MISSION OF TERESIAN HOUSE NURSING HOME IS TO PROVIDE CARE AND SERVICES TO THE COMMUNITY IN CONFORMANCE WITH THE THEOLOGY, PHILOSOPHY, TEACHINGS, AND DOCTRINES OF THE ROMAN CATHOLIC CHURCH, RESPECTING AND BUILDING ON THE MISSION, PHILOSOPHY, AND VALUES OF THE CARMELITE SISTERS FOR THE AGED AND INFIRM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TERESIAN HOUSE NURSING HOME IS A 300 BED SKILLED NURSING FACILITY SPONSORED BY THE ROMAN CATHOLIC DIOCESE OF ALBANY AND SERVED BY THE CARMELITE SISTERS FOR THE AGED AND INFIRM. TERESIAN HOUSE IS NATIONALLY RECOGNIZED AS A LEADER IN INNOVATIVE IDEAS AND QUALITY CARE FOR THE ELDERLY; SPECIFICALLY IN THE AREA OF RESIDENT CENTERED CARE. RESIDENT CENTERED CARE EMPHASIZES RESIDENT PREFERENCES AND FEATURES SMALL NEIGHBORHOODS OF RESIDENTS TO HELP IN CONTRIBUTING TO A FEELING OF HOMINESS, COMFORT AND SAFETY. TERESIAN HOUSE OFFERS EACH RESIDENT A PRIVATE ROOM AND BATH, AND THE OPPORTUNITY TO PURSUE INDIVIDUAL INTERESTS IN A WARM NURTURING ENVIRONMENT OVERSEEN BY A CARING AND DEDICATED STAFF. SKILLED NURSING IS PROVIDED 24 HOURS A DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank K Yeboah Administrator | Officer | 40 | $235,675 |
Michael A Delbrocco Chief Financial Officer | Officer | 40 | $229,655 |
Cathleen Hans Director Of Development | 22.5 | $161,386 | |
Eric Baumes Director Of Information Technology | 37.5 | $130,370 | |
Janella Mentore-Forde Director Of Nursing/ Asst Director Of Nursing | 37.5 | $122,439 | |
Bishop Edward Scharfenberger Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Preferred Therapy Solutions Therapy Services | 12/30/21 | $1,241,587 |
Unidine Food Service | 12/30/21 | $1,604,033 |
Bioreference Laboratory Covid Testing | 12/30/21 | $211,410 |
People 2 0 North America Llc Staff Recruitment | 12/30/21 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $755,178 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $755,178 |
| Total Program Service Revenue | $30,810,380 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,681,251 |
| 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. | $536,961 |
| Compensation of current officers, directors, key employees. | $536,961 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,413,657 |
| Pension plan accruals and contributions | $295,188 |
| Other employee benefits | $2,345,032 |
| Payroll taxes | $1,365,870 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,494 |
| Fees for services: Accounting | $30,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,109,737 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $515,278 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,996 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,148,042 |
| Insurance | $284,503 |
| All other expenses | $54,969 |
| Total functional expenses | $29,657,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,077,018 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,580,887 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,522 |
| Prepaid expenses and deferred charges | $87,369 |
| Net Land, buildings, and equipment | $8,944,136 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,878,411 |
| Total assets | $19,600,343 |
| Accounts payable and accrued expenses | $2,367,609 |
| Grants payable | $0 |
| Deferred revenue | $1,442,814 |
| 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 | $35,522 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,973,173 |
| Total liabilities | $5,819,118 |
| Net assets without donor restrictions | $11,229,718 |
| Net assets with donor restrictions | $2,551,507 |
| 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 | $19,600,343 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Teresian House Nursing Home Co Inc has recieved totaling $575,600.
| Awarding Organization | Amount |
|---|---|
Mother Cabrini Health Foundation New York, NY PURPOSE: IT TAKES A VILLAGE-UNLOCKING MEMORIES, ENRICHING LIVES | $325,600 |
Mother Cabrini Health Foundation New York, NY PURPOSE: IT TAKES A VILLAGE FINAL PHASE | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rutland Nursing Home Inc Brooklyn, NY | $14,641,338 | $58,008,587 |
Terence Cardinal Cooke Health Care Center New York, NY | $89,661,206 | $110,033,189 |
Parker Jewish Institute For Health Care And Rehabilitation New Hyde Park, NY | $199,982,066 | $91,840,535 |
Jewish Home Lifecare Manhattan New York, NY | $92,070,146 | $86,814,145 |
The Rosalind And Joseph Gurwin Jewish Geriatric Center Of Long Is Commack, NY | $54,775,668 | $80,755,778 |
The Schulman And Schachne Institute For Nursing And Rehabilitation Inc Brooklyn, NY | $15,175,367 | $62,719,757 |
Menorah Home & Hospital For The Aged & Infirm Brooklyn, NY | $95,922,650 | $81,993,639 |
Orlando Rehabilitation Group Inc Bala Cynwyd, PA | $57,006,179 | $68,104,174 |
Pittsburgh Care Partnership Inc Community Life Pittsburgh, PA | $51,132,739 | $72,021,182 |
Loretto Health And Rehabilitation Center Syracuse, NY | $32,645,614 | $69,232,567 |
Mary Manning Walsh Nursing Home Co Inc New York, NY | $75,917,101 | $69,028,602 |
Amsterdam Nursing Home Corporation New York, NY | $69,684,595 | $65,318,560 |