St Michaels Home Inc
- Assets
- $25.9m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 26
- Location
- Yonkers, NY
- Founding
- 11/1958
- Data as of
- 12/2021
- EIN
- 13-1855431
Organization Overview
St Michaels Home Inc is located in Yonkers, NY. The organization was established in 1958. 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 12/2021, St Michaels Home Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Michaels Home 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 12/2021, St Michaels Home Inc generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 0.3% 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
TO RUN A RELIGIOUS ADULT HOME
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING A HOME FOR THE AGED. THE HOME HAS A CAPACITY FOR 58 RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bishop Andonios Paropoulos Director Of Home | Officer | 40 | $0 |
Jennifer Constantin Secretary | Officer | 0 | $0 |
Anastasia Economos Treasurer | Officer | 0 | $0 |
Haeda Milhaltses President | Officer | 0 | $0 |
Nikitas Drakotos Member | Trustee | 0 | $0 |
Stamatiki Valiotis Member | Trustee | 0 | $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 | $4,335,723 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,335,723 |
| Total Program Service Revenue | $870,983 |
| Investment income | $141 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $239,027 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,517,097 |
| 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 | $967,543 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $145,478 |
| Payroll taxes | $82,511 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $114,184 |
| Fees for services: Accounting | $25,236 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,207 |
| Office expenses | $27,603 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,970 |
| 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 | $186,553 |
| Insurance | $82,098 |
| All other expenses | $118,876 |
| Total functional expenses | $2,021,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,807,626 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,153 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,957,274 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,152,770 |
| Total assets | $25,945,823 |
| Accounts payable and accrued expenses | $370,485 |
| 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 | $1,631,679 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $230,006 |
| Total liabilities | $2,232,170 |
| Net assets without donor restrictions | $19,469,474 |
| Net assets with donor restrictions | $4,244,179 |
| 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 | $25,945,823 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Michaels Home Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
K P & Phoebe Tsolainos Foundation Inc Potomac, MD PURPOSE: GENERAL PURPOSES | $2,000 |
Endowment Analysis
| Beg. Balance | $1,402,688 |
| Ending Balance | $1,402,688 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Evergreens Fort Washington, PA | $100,353,926 | $21,284,774 |
Reformed Church Ministries To The Aging The Particular Synod Of The Old Bridge, NJ | $46,050,388 | $18,196,179 |
Bristol Glen Inc Neptune, NJ | $77,949,384 | $23,074,416 |
Artman Lutheran Home Ambler, PA | $58,762,001 | $19,567,052 |
New Horizons Inc Farmington, CT | $23,361,586 | $23,057,821 |
Bethlen Home Of The Hungarian Reformed Federation Of America Ligonier, PA | $24,911,659 | $19,095,488 |
Evangelical Services For The Aging Warminster, PA | $46,788,382 | $16,687,453 |
The Pines At Whiting Whiting, NJ | $28,869,676 | $19,824,900 |
Loomis Housing Corporation South Hadley, MA | $99,172,957 | $19,770,909 |
Evangelical Manor Warminster, PA | $21,826,536 | $16,413,421 |
Springpoint Senior Living Inc Wall, NJ | $91,116,877 | $20,222,460 |
Heron Point Of Chestertown Inc Fort Washington, PA | $70,848,712 | $18,371,788 |