Rosary Care Center
- Assets
- $6.7m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 134
- Location
- Sylvania, OH
- Founding
- 03/1946
- Data as of
- 12/2023
- EIN
- 34-1931795
Organization Overview
Rosary Care Center is located in Sylvania, OH. 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. As of 12/2023, Rosary Care Center employed 134 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Rosary Care Center 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, Rosary Care Center generated $9.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $9.1m during the year ending 12/2023. While expenses have increased by 5.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ROSARY CARE CENTER OPERATES A LICENSED NURSING FACILITY AND A LICENSED RESIDENTIAL CARE FACILITY.
Describe the Organization's Program Activity:
DELIVER HEALTH CARE SERVICES TO THE ELDERLY VOWED RELIGIOUS AND OTHERS IN NEED OF ASSISTED LIVING, LONG-TERM OR REHABILITATIVE SERVICES IN A MANNER THAT UPHOLDS THE MORAL, ETHICAL AND RELIGIOUS DOCTRINES AND TEACHINGS OF THE ROMAN CATHOLIC CHURCH. 142 INDIVIDUALS SERVICED FOR A TOTAL OF 31,006 RESIDENTIAL DAYS OF CARE IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Executive Director | OfficerTrustee | 40 | $152,223 |
Name Not Listed Chairperson | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Concept Rehab Inc Rehabilitation | 12/30/23 | $660,259 |
Chi Living Communities Management | 12/30/23 | $162,747 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $117,568 |
| Government grants | $264,286 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,293 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $399,147 |
| Total Program Service Revenue | $8,697,868 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,520 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,091,495 |
| 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. | $185,971 |
| Compensation of current officers, directors, key employees. | $139,478 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,699,098 |
| Pension plan accruals and contributions | $65,088 |
| Other employee benefits | $832,781 |
| Payroll taxes | $286,296 |
| Fees for services: Management | $464,409 |
| Fees for services: Legal | $2,500 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $863 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $679,223 |
| Advertising and promotion | $4,008 |
| Office expenses | $851,143 |
| Information technology | $88,390 |
| Royalties | $0 |
| Occupancy | $1,029,907 |
| Travel | $25,593 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $110,572 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $155,334 |
| Insurance | $130,330 |
| All other expenses | $0 |
| Total functional expenses | $9,062,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $1,808,493 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $716,062 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,457 |
| Prepaid expenses and deferred charges | $52,062 |
| Net Land, buildings, and equipment | $3,064,857 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $999,965 |
| Other assets | $42,501 |
| Total assets | $6,709,997 |
| Accounts payable and accrued expenses | $656,699 |
| Grants payable | $0 |
| Deferred revenue | $308,044 |
| 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 | $2,685,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $47,729 |
| Total liabilities | $3,697,472 |
| Net assets without donor restrictions | $3,009,525 |
| Net assets with donor restrictions | $3,000 |
| 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 | $6,709,997 |