Ave Maria Home
- Assets
- $24.7m
- Revenue
- $18.2m
- Investments
- $0.0
- Employees
- 401
- Location
- Memphis, TN
- Founding
- 09/1985
- Data as of
- 06/2021
- EIN
- 62-0561701
Organization Overview
Ave Maria Home is located in Memphis, TN. The organization was established in 1985. 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 06/2021, Ave Maria Home employed 401 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ave Maria Home 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 06/2021, Ave Maria Home generated $18.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $17.8m during the year ending 06/2021. While expenses have increased by 4.6% per year over the past 6 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
TO ASSIST THE AGED, SICK, AND DESTITUTE THROUGH: IMPROVING THE MORAL, SOCIAL, AND SPIRITUAL CONDITIONS OF ITS BENEFICIARIES; CONTINUING THE STEWARDSHIP OF HUMAN, PHYSICAL, AND FINANCIAL RESOURCES IN CONJUNCTION WITH THE CATHOLIC COMMUNITY; FACILITATING VISITATION BY FAMILY, FRIENDS, AND MEMBERS OF THE COMMUNITY; AND PROVIDING A COMMITMENT TO LONG-TERM AND REHABILITATIVE CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING HOME - PROVIDE TWENTY-FOUR HOUR INTERMEDIATE NURSING CARE FOR LEVEL ONE RESIDENTS.
ASSISTED LIVING - PROVIDE TWENTY-FOUR HOUR LIMITED CARE BASED ON THE RESIDENT'S NEED FOR ASSISTANCE.
ADULT DAY SERVICES - PROVIDE ASSISTANCE, SUPERVISION AND SOCIALIZATION FOR THE DAY RESIDENT IN AN ENVIRONMENT THAT FOSTERS DIGNITY AND RESPECT, ALLOWING THE CAREGIVER TO WORK OUTSIDE THE HOME OR OTHERWISE RECEIVE NEEDED SUPPORT. TEMPORARILY CLOSED DUE TO THE PANDEMIC.
ADULT DAY CARE - OPERATION OF A SOCIAL MODEL TO PROVIDE STRUCTURED SOCIALIZATION FOR THE FRAIL AND ELDERLY.ALZHEIMERS/DEMENTIA CARE - PROGRAM IS DESIGNED TO PROMOTE FAMILIAR SCHEDULES AND SURROUNDINGS WHILE PROVIDING PERSONAL ASSISTANCE WITH DAILY ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank J Gattuso Jr Executive Director | Officer | 12 | $41,918 |
Michael Robilio Vice President | OfficerTrustee | 1 | $0 |
Mary Webb Secretary | OfficerTrustee | 1 | $0 |
John L Schifani Treasurer | OfficerTrustee | 1 | $0 |
Anna Vescovo President | OfficerTrustee | 1 | $0 |
Donna Grimm Wings President | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Guardian Midsouth Pharmacy Contract Pharmacy | 6/29/21 | $310,453 |
The Rose Group Staffing Agency | 6/29/21 | $115,949 |
Certified Medical Staffing Llc Staffing Agency | 6/29/21 | $342,238 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,262,670 |
| All other contributions, gifts, grants, and similar amounts not included above | $640,070 |
| Noncash contributions included in lines 1a–1f | $640,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,902,740 |
| Total Program Service Revenue | $15,262,959 |
| 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 | $18,165,699 |
| 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. | $41,919 |
| Compensation of current officers, directors, key employees. | $3,354 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,221,218 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $406,080 |
| Payroll taxes | $693,084 |
| Fees for services: Management | $87,516 |
| Fees for services: Legal | $4,730 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,055 |
| Advertising and promotion | $19,661 |
| Office expenses | $37,831 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $846,313 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $252,353 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,041,281 |
| Insurance | $552,359 |
| All other expenses | $1,686,870 |
| Total functional expenses | $17,822,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,361,325 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,115,520 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $104,620 |
| Net Land, buildings, and equipment | $22,083,901 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,665,366 |
| Accounts payable and accrued expenses | $886,575 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $12,152,292 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,927,240 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,794,830 |
| Total liabilities | $19,760,937 |
| Net assets without donor restrictions | $4,904,429 |
| Net assets with donor restrictions | $0 |
| 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 | $24,665,366 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ave Maria Home has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Methodist Home For The Aging Birmingham, AL | $118,213,803 | $51,510,138 |
Presbyterian Homes Inc Colfax, NC | $256,348,828 | $62,438,008 |
Aldersgate United Methodist Retirement Community Inc Charlotte, NC | $165,248,151 | $44,725,662 |
Everyage Newton, NC | $158,969,277 | $58,100,743 |
Lenbrook Square Foundation Inc Atlanta, GA | $291,448,667 | $46,078,205 |
Southminster Inc Charlotte, NC | $251,267,272 | $46,562,509 |
Sunnyside Presbyterian Home Harrisonburg, VA | $146,625,946 | $50,868,403 |
Masonic Homes Of Kentucky Inc Masonic Home, KY | $92,700,057 | $43,584,418 |
Carolina Meadows Inc Chapel Hill, NC | $159,623,308 | $43,472,709 |
Springmoor Inc Raleigh, NC | $57,744,266 | $37,768,204 |
Williamsburg Landing Inc Williamsburg, VA | $188,766,508 | $45,342,775 |
Friendship Village Of West County Chesterfield, MO | $195,171,509 | $29,494,334 |