Lafourche Home For The Aged & Infirm Inc
- Assets
- $9.1m
- Revenue
- $6.4m
- Investments
- $1.0m
- Employees
- 111
- Location
- Thibodaux, LA
- Founding
- 11/1959
- Data as of
- 12/2022
- EIN
- 72-0508588
Organization Overview
Lafourche Home For The Aged & Infirm Inc is located in Thibodaux, LA. The organization was established in 1959. According to its NTEE Classification (E90) the organization is classified as: Nursing, under the broad grouping of Health Care and related organizations. As of 12/2022, Lafourche Home For The Aged & Infirm Inc employed 111 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lafourche Home For The Aged & Infirm 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 12/2022, Lafourche Home For The Aged & Infirm Inc generated $6.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $6.6m during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CARE FOR THE ELDERLY.
Describe the Organization's Program Activity:
TOTAL BEDS 26280 ACTUAL BEDS 25515 PERCENTAGE OCCUPANCY 97.09%
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas B Harang Director | Trustee | 0 | $0 |
Penny Tate Director | Trustee | 0 | $0 |
Stephen Peltier President | Officer | 0 | $0 |
Jeanne Chiasson Secretary | Officer | 0 | $0 |
Kim Brannagan Director | Trustee | 0 | $0 |
Jamie Francis Administrator | 40 | $117,420 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $6,236,602 |
| Investment income | $33,967 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,325 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,370,569 |
| 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. | $122,001 |
| Compensation of current officers, directors, key employees. | $122,001 |
| Compensation to disqualified persons | $2,773,033 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $79,646 |
| Other employee benefits | $11,094 |
| Payroll taxes | $223,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15 |
| Fees for services: Accounting | $23,428 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,623 |
| Office expenses | $12,861 |
| Information technology | $60,419 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,295 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,723 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $209,477 |
| Insurance | $517,499 |
| All other expenses | $1,962,448 |
| Total functional expenses | $6,627,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $773,788 |
| Savings and temporary cash investments | $1,421,448 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $823,777 |
| 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 | $56,889 |
| Net Land, buildings, and equipment | $4,154,362 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,007,386 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $874,490 |
| Total assets | $9,112,140 |
| Accounts payable and accrued expenses | $155,560 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $155,560 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $502,332 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $8,454,248 |
| Total liabilities and net assets/fund balances | $9,112,140 |