Steere House
- Assets
- $25.9m
- Revenue
- $13.9m
- Investments
- $1.2m
- Employees
- 158
- Location
- Providence, RI
- Founding
- 02/1935
- Data as of
- 12/2021
- EIN
- 05-0258880
Organization Overview
Steere House is located in Providence, RI. The organization was established in 1935. 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, Steere House employed 158 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steere House 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, Steere House generated $13.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $12.7m during the year ending 12/2021. While expenses have increased by 0.6% 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 STEERE HOUSE NURSING & REHABILITATION CENTER IS TO SERVE ADULTS WHO REQUIRE SKILLED, RESTORATIVE AND LONG-TERM CARE SERVICES WITHIN A SECURE AND CARING ENVIRONMENT. THE CENTER ALSO PROVIDES EDUCATIONAL AND RESEARCH EXPERIENCES THAT ENHANCE THE CARE OF THOSE WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES REHABILITATIVE, SKILLED, TRANSITIONAL NURSING CARE. ALSO PROVIDES LONG-TERM SUPPORT AND CARE TO THOSE WITH ALZHEIMERS AND MEMORY LOSS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie H Richard Administrator | OfficerTrustee | 40.27 | $159,516 |
Dianne Bourget Director Of Finance (thru 09/21) | OfficerTrustee | 55.84 | $144,828 |
Nicole Plante Director Of Nursing | Officer | 40 | $144,804 |
Pierre Louis Altagrace Licensed Practical Nurse | 52.7 | $118,137 | |
Deborah Yasick Shift Supervisor | 47.72 | $116,304 | |
Chelsie Higgins Director Of Finance (eff 10/21) | OfficerTrustee | 39.5 | $75,711 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Unidine Lifestyles Contract Services - Dietary & Evs | 12/30/21 | $2,035,893 |
Carelink Inc Therapy Services | 12/30/21 | $591,619 |
Pharmerica Pharmacy | 12/30/21 | $247,488 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $369,257 |
| Government grants | $317,294 |
| All other contributions, gifts, grants, and similar amounts not included above | $386,232 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,072,783 |
| Total Program Service Revenue | $10,209,426 |
| Investment income | $363,066 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,212,614 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,861,029 |
| 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. | $555,683 |
| Compensation of current officers, directors, key employees. | $370,483 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,172,101 |
| Pension plan accruals and contributions | $55,869 |
| Other employee benefits | $452,711 |
| Payroll taxes | $440,610 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,013 |
| Fees for services: Accounting | $71,305 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $99,186 |
| Fees for services: Other | $2,418,597 |
| Advertising and promotion | $23,365 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $230,394 |
| Travel | $675 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $159,802 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $487,426 |
| Insurance | $328,040 |
| All other expenses | $0 |
| Total functional expenses | $12,736,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,430 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,053,165 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,800 |
| Prepaid expenses and deferred charges | $117,600 |
| Net Land, buildings, and equipment | $4,640,444 |
| Investments—publicly traded securities | $17,063,720 |
| Investments—other securities | $1,199,479 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $361,669 |
| Total assets | $25,892,307 |
| Accounts payable and accrued expenses | $1,150,321 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,826,999 |
| 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 | $113,975 |
| Total liabilities | $5,091,295 |
| Net assets without donor restrictions | $20,693,452 |
| Net assets with donor restrictions | $107,560 |
| 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 | $25,892,307 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Steere House has recieved totaling $302,312.
| Awarding Organization | Amount |
|---|---|
Emma Florence Hallett Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $191,080 |
The Rhode Island Community Foundation Providence, RI PURPOSE: COVID-19 EXPENSES; GENERAL OPERATING | $83,407 |
George O Potter Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $13,534 |
Little Family Foundation Detroit, MI PURPOSE: COURTYARD REVITALIZATION | $9,300 |
Henry P & Annie F Stone Charitable Trust Uwo 18-2089803 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $3,031 |
Edwin Reynolds Tr Uw Cl 13 & 7 2-1238 Fbo Edwin Reynolds Charity Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $1,918 |
Endowment Analysis
| Beg. Balance | $16,483,745 |
| Earnings | $2,409,749 |
| Other Expense | $1,829,774 |
| Ending Balance | $17,063,720 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New England Deaconess Association Concord, MA | $168,661,233 | $42,765,861 |
St Patricks Manor Inc Framingham, MA | $91,362,356 | $36,296,255 |
Pace Organization Of Rhode Island Riverside, RI | $15,367,017 | $33,979,528 |
Overlook Masonic Health Center Inc Charlton, MA | $148,489,436 | $28,436,299 |
Jewish Healthcare Center Inc Worcester, MA | $14,388,346 | $29,731,963 |
St Mary Home Incorporated West Hartford, CT | $11,865,455 | $23,283,959 |
Sherrill House Inc Boston, MA | $30,843,900 | $21,438,082 |
Hillcrest Extented Care Services Inc Pittsfield, MA | $41,781,162 | $26,268,791 |
Dyouville Senior Care Inc Lowell, MA | $28,122,716 | $27,451,752 |
Kent County Visiting Nurse Association Providence, RI | $6,527,368 | $22,454,535 |
Jewish Rehabilitation Center For Aged Of The North Shore Inc Peabody, MA | $32,417,424 | $21,138,193 |
Mary Ann Morse Healthcare Corp Framingham, MA | $38,027,212 | $22,418,913 |