St Joseph Residence Inc
- Assets
- $16.2m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 233
- Location
- New London, WI
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 39-1087412
Organization Overview
St Joseph Residence Inc is located in New London, WI. The organization was established in 1946. 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 Joseph Residence Inc employed 233 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Joseph Residence 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 Joseph Residence Inc generated $6.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $7.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. 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
A LIFE PLAN COMMUNITY COMMITTED TO PROVIDING ELDERLY HOUSING AND HEALTH CARE SERVICES INCLUDING INDEPENDENT APARTMENTS, ASSISTED LIVING, SHORT TERM REHABILITATION, LONG TERM CARE, MEMORY CARE ASSISTED LIVING, AND OUTPATIENT THERAPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKILLED NURSING FACILITY PROVIDED 14,686 DAYS OF CARE IN 2021, SLIGHTLY INCREASING THE AVERAGE DAILY CENSUS TO 40.24. COVID19 AND THE AVAILABILITY OF LICENSED AND NON-LICENSED CAREGIVER STAFF SIGNIFICANTLY AFFECTED OUR ABILITY TO ADMIT RESIDENTS/PATIENTS THROUGHOUT THE YEAR, OUR ORGANIZATION IS COMMITTED TO SERVING THOSE IN FINANCIAL NEED IN OUR COMMUNITY. OUR SKILLED NURSING FACILITY SERVES APPROXIMATELY A 59% MEDICAID GOVERNMENT FUNDED POPULATION. THE COMMUNITY HAS A COMPLEX MEDICAL CARE & REHAB UNIT WITH 10 BEDS DEDICATED TO SERVING SHORT TERM REHABILITATION NEEDS IN OUR COMMUNITY. THE SKILLED NURSING FACILITY REMAINED A CMS FIVE STAR QUALITY CARE FACILITY IN 2021.
COMMUNITY BASED RESIDENTIAL FACILITY ASSISTED LIVING PROVIDED 8,822 DAYS OF CARE DURING 2021 WITH 31% OF CARE THAT IS MEDICAID GOVERNMENT FUNDED. THE CBRF PARTICIPATES IN A SPECIAL NEEDS PROGRAM, ALONG WITH THE SKILLED NURSING FACILITY, THAT PERMITS CARE TRANSITIONS BETWEEN THE CBRF AND THE SKILLED NURSING FACILITY RATHER THAN REQUIRING THE RESIDENT TO NEED TO BE SENT TO THE HOSPITAL.
MONARCH MEADOWS MEMORY CARE ASSISTED LIVING MAINTAINED OCCUPANCY AVERAGE OF 16 RESIDENTS PER DAY, 5,827 PATIENT DAYS WITH 62% OF THE DAYS FUNDED BY MEDICAL ASSISTANCE. THIS PROGRAM SERVES RESIDENTS WITH DEMENTIA DIAGNOSIS WHO BENEFIT FROM A SECURE ENVIRONMENT WITH AN INCREASED LEVEL OF CAREGIVERS TO MEET PSYCHOSOCIAL AND PHYSICAL NEEDS WITH ACTIVITY ENGAGING PROGRAMMING.
INDEPENDENT NON-LICENSED SENIOR APARTMENT COMPLEX 26 UNITS THE NUMBER OF DAYS OF CARE DURING 2021 WAS 8,429 DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gidget Blank Ceo/executive Director | Officer | 20 | $112,773 |
Rita Thiel President | OfficerTrustee | 1 | $0 |
Steve Dyreson Secretary/treasurer | OfficerTrustee | 1 | $0 |
Roger Steingraber Past President | OfficerTrustee | 1 | $0 |
Kathy Gwidt Vice President | OfficerTrustee | 1 | $0 |
William Heiges Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Health Care Services Group Laundry/housekeeping Service | 12/30/21 | $302,752 |
Rehabcare Therapy Services | 12/30/21 | $262,516 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $81,740 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,339 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,079 |
| Total Program Service Revenue | $6,407,509 |
| Investment income | $5,925 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,116 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,622,390 |
| 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. | $112,773 |
| Compensation of current officers, directors, key employees. | $102,623 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,434,142 |
| Pension plan accruals and contributions | $3,190 |
| Other employee benefits | $252,468 |
| Payroll taxes | $273,343 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,834 |
| Fees for services: Accounting | $71,266 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,029 |
| Fees for services: Other | $162,302 |
| Advertising and promotion | $32,145 |
| Office expenses | $49,848 |
| Information technology | $65,006 |
| Royalties | $2,269 |
| Occupancy | $323,234 |
| Travel | $10,725 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $301,006 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $491,900 |
| Insurance | $19,750 |
| All other expenses | $319,084 |
| Total functional expenses | $6,991,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $900 |
| Savings and temporary cash investments | $3,496,706 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $537,297 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $99,607 |
| Prepaid expenses and deferred charges | $23,978 |
| Net Land, buildings, and equipment | $8,925,566 |
| Investments—publicly traded securities | $218,513 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,878,598 |
| Total assets | $16,181,165 |
| Accounts payable and accrued expenses | $313,489 |
| Grants payable | $0 |
| Deferred revenue | $123,173 |
| Tax-exempt bond liabilities | $8,050,239 |
| Escrow or custodial account liability | $18,000 |
| 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 | $14,341 |
| Total liabilities | $8,519,242 |
| Net assets without donor restrictions | $7,660,474 |
| Net assets with donor restrictions | $1,449 |
| 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 | $16,181,165 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Joseph Residence Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
B & D Foundation Inc Madison, WI PURPOSE: HUMAN SERVICES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery Place Chicago, IL | $31,885,880 | $16,111,662 |
Martin Health Center Inc Cedar Falls, IA | $21,811,733 | $19,618,814 |
Wayzata Bay Senior Housing Inc Roseville, MN | $167,500,836 | $19,706,381 |
Evergreen Retirement Community Inc Oshkosh, WI | $46,606,171 | $19,424,837 |
Central Baptist Home For The Aged Norridge, IL | $67,571,437 | $21,182,649 |
Good Samaritan Home Of Quincy Quincy, IL | $32,676,656 | $19,097,575 |
Samaritan Bethany Inc Rochester, MN | $35,223,208 | $19,680,043 |
Meth-Wick Community Cedar Rapids, IA | $36,346,966 | $18,595,855 |
Covenant Home Illinois Northbrook, IL | $166,475,205 | $19,986,763 |
Trinity Continuing Care Services Indiana Inc Farmington Hills, MI | $52,731,208 | $17,209,435 |
National Regency Of New Berlin Inc Waukesha, WI | $86,663,062 | $22,744,925 |
Francis House Inc Galesburg, IL | $146,726,305 | $35,225,413 |