Steere House Foundation
- Assets
- $3.4m
- Revenue
- $449.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- 09/2003
- Data as of
- 12/2021
- EIN
- 05-0518885
Organization Overview
Steere House Foundation is located in Providence, RI. The organization was established in 2003. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steere House Foundation 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 Foundation generated $449.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $519.9k during the year ending 12/2021. While expenses have increased by 6.6% 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 THE STEERE HOUSE FOUNDATION IS TO SERVE THE RESTORATIVE AND LONG-TERM CARE NEEDS OF ADULTS THROUGH STEERE HOUSE NURSING & REHABILITATION CENTER BY ENCOURAGING AND FACILITATING PHILANTHROPIC GENEROSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES SUPPORT AND MAINTENANCE OF STEERE HOUSE NURSING & REHABILITATION CENTER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Cannistra Board President | OfficerTrustee | 0.5 | $0 |
Paul Astphan Board Vice President | OfficerTrustee | 0.5 | $0 |
Norma J Owens Board Treasurer | OfficerTrustee | 0.5 | $0 |
Diane Steere Nobles Board Secretary | OfficerTrustee | 0.5 | $0 |
Dianne Bourget Director Of Finance (thru 09/2021) | Trustee | 0.5 | $0 |
Carol C Mcmahon Board Member | Trustee | 0.5 | $0 |
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 | $40,172 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,172 |
| Total Program Service Revenue | $0 |
| Investment income | $77,670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $331,840 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $449,682 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $369,257 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,678 |
| Fees for services: Accounting | $12,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,375 |
| Fees for services: Other | $24,624 |
| Advertising and promotion | $0 |
| Office expenses | $6,384 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $590 |
| Insurance | $2,267 |
| All other expenses | $0 |
| Total functional expenses | $519,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,224 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $3,229 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,343,325 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,363,778 |
| Accounts payable and accrued expenses | $27,650 |
| 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 | $134,836 |
| Total liabilities | $162,486 |
| Net assets without donor restrictions | $2,142,982 |
| Net assets with donor restrictions | $1,058,310 |
| 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 | $3,363,778 |
Endowment Analysis
| Beg. Balance | $3,271,404 |
| Earnings | $475,745 |
| Net Contributions | $603 |
| Other Expense | $404,427 |
| Ending Balance | $3,343,325 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bhs Management Services Inc Pittsfield, MA | $13,878,058 | $69,134,374 |
Capital Area Health Consortium Inc Farmington, CT | $8,150,693 | $60,880,369 |
Bhcare Inc North Haven, CT | $6,550,561 | $27,847,123 |
Rih Ventures Providence, RI | $3,760,702 | $7,923,019 |
Integrated Healthcare Partners Wakefield, RI | $8,567,853 | $7,480,076 |
Integriscript Inc Pittsfield, MA | $2,455,296 | $4,528,618 |
Hallmark Health Properties Inc Medford, MA | $18,752,595 | $1,945,268 |
Community Econsult Network Inc Middletown, CT | $1,366,083 | $1,308,475 |
Foundation For Community Health Inc Sharon, CT | $30,623,690 | $1,365,078 |
The Center To Advance Consumer Partnership Inc Boston, MA | $1,052,945 | $288,908 |
Lchc Support Corporation Lowell, MA | $23,341,192 | $1,161,700 |
Vna Management Corporation Bridgeport, CT | $0 | $1,003,534 |