Saint Elizabeth Place Providence
- Assets
- $4.2m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 16
- Location
- Providence, RI
- Founding
- 09/1981
- Data as of
- 06/2022
- EIN
- 05-0392246
Organization Overview
Saint Elizabeth Place Providence, operating under the name Saint Elizabeth Apartments For Seniors And Mobility-Impaired, is located in Providence, RI. The organization was established in 1981. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Saint Elizabeth Apartments For Seniors And Mobility-Impaired employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saint Elizabeth Apartments For Seniors And Mobility-Impaired 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 06/2022, Saint Elizabeth Apartments For Seniors And Mobility-Impaired generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 0.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE HOUSING TO LOW INCOME ELDERLY AND HANDICAPPED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COSTS INCURRED IN CONNECTION WITH PROVIDING HOUSING TO THE ELDERLY UNDER SECTION 8 OF THE NATIONAL HOUSING ACT AND OTHER SUPPORTIVE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig W Carpenter Chair | OfficerTrustee | 2 | $0 |
Claire C Flaherty Treasurer | OfficerTrustee | 2 | $0 |
Steven W Tilley Vice Chair | OfficerTrustee | 2 | $0 |
Steven H Kitchin Secretary | OfficerTrustee | 2 | $0 |
Mark Loiselle Chief Financial Officer | Officer | 1.5 | $0 |
Matthew Trimble President Beginning June 2020 | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,194,520 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,075 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,223,595 |
| Total Program Service Revenue | $409,333 |
| Investment income | $1,880 |
| 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 | $2,659,198 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $577,958 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $111,048 |
| Payroll taxes | $40,916 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,200 |
| Fees for services: Accounting | $27,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,880 |
| Advertising and promotion | $5,650 |
| Office expenses | $43,773 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $399,551 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,500 |
| Interest | $547,852 |
| Payments to affiliates | $170,075 |
| Depreciation, depletion, and amortization | $230,100 |
| Insurance | $116,434 |
| All other expenses | $0 |
| Total functional expenses | $2,505,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,178 |
| Savings and temporary cash investments | $1,840,712 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,629 |
| 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 | $130,413 |
| Net Land, buildings, and equipment | $1,756,907 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $307,340 |
| Total assets | $4,194,179 |
| Accounts payable and accrued expenses | $305,690 |
| 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 | $11,495,699 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,392 |
| Total liabilities | $11,837,781 |
| Net assets without donor restrictions | -$7,643,602 |
| 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 | $4,194,179 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Saint Elizabeth Place Providence has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Saint Elizabeth Community Warwick, RI PURPOSE: SUPPORT OF OPERATIONS | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christopher House Inc Worcester, MA | $11,659,464 | $17,133,392 |
Ascentria Care Alliance Inc West Brookfield, MA | $28,862,438 | $18,232,969 |
Overlook Communities Inc Charlton, MA | $31,731,503 | $14,000,337 |
Alliance Health Of Massachusetts Inc Southborough, MA | $12,196,543 | $13,916,904 |
Glenmeadow Inc Longmeadow, MA | $50,902,339 | $16,994,268 |
Alliance Health Of Southeastern Massachusetts Inc Southborough, MA | $17,238,136 | $13,319,734 |
Holyoke Retirement Community Inc Pittsfield, MA | $12,240,165 | $13,296,777 |
2life Communities Inc Brighton, MA | $57,717,629 | $7,095,673 |
Elderly Housing Management Inc North Haven, CT | $2,357,138 | $12,461,730 |
Pittsfield Management Systems Inc Pittsfield, MA | $24,200,908 | $14,144,809 |
Hrca Housing For Elderly Inc Boston, MA | $19,826,495 | $8,028,350 |
2life Communities Services Inc Brighton, MA | $14,714,646 | $15,464,952 |