Teresa House Inc
- Assets
- $1.6m
- Revenue
- $346.8k
- Investments
- $1.3m
- Employees
- 14
- Location
- Geneseo, NY
- Founding
- 02/1996
- Data as of
- 12/2021
- EIN
- 16-1487351
Organization Overview
Teresa House Inc is located in Geneseo, NY. The organization was established in 1996. 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, Teresa House Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teresa House 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, Teresa House Inc generated $346.8k 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 $277.9k during the year ending 12/2021. While expenses have increased by 2.8% 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 OFFER A COMFORT CARE MINISTRY TO RESIDENTS WHO ARE NEARING THE END OF A TERMINAL ILLNESS, AND TO THEIR FAMILIES, BY PROVIDING A HOME ENVIRONMENT OF LOVE, DIGNITY, AND SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED COMFORT AND CARE TO RESIDENTS WHO WERE NEARING THE END OF A TERMINAL ILLNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Galton Director Of Nursing | Trustee | 30 | $60,000 |
Leah Fletcher PHD Director Of The House | Trustee | 36 | $44,713 |
Catherine Kingsley Outreach Director | Trustee | 5 | $19,000 |
Victor Rowcliffe Vice President | Officer | 1 | $0 |
Dr Bernard Sweeney Medical Director | Officer | 2.5 | $0 |
Ann Hunt Treasurer | Officer | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $46,453 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $232,533 |
| Total Program Service Revenue | $0 |
| Investment income | $34,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $48,211 |
| Net Income from Fundraising Events | $31,826 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $346,825 |
| 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. | $105,000 |
| Compensation of current officers, directors, key employees. | $17,685 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,937 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,751 |
| Payroll taxes | $17,463 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,800 |
| Fees for services: Other | $0 |
| Advertising and promotion | $833 |
| Office expenses | $12,436 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,462 |
| Travel | $100 |
| 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 | $9,562 |
| Insurance | $7,168 |
| All other expenses | $0 |
| Total functional expenses | $277,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,443 |
| Savings and temporary cash investments | $101,124 |
| 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 | $0 |
| Net Land, buildings, and equipment | $130,551 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,273,898 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,565,016 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,565,016 |
| 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 | $1,565,016 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Teresa House Inc has recieved totaling $36,494.
| Awarding Organization | Amount |
|---|---|
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY PURPOSE: AGENCY ALLOCATION & OVERAGE | $27,285 |
Esl Charitable Foundation Inc Rochester, NY PURPOSE: TERESA HOUSE GENERATOR | $9,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $209 |
Endowment Analysis
| Beg. Balance | $1,183,540 |
| Earnings | $99,158 |
| Admin Expense | $8,800 |
| Ending Balance | $1,273,898 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Home Lifecare Manhattan New York, NY | $92,070,146 | $86,814,145 |
The Rosalind And Joseph Gurwin Jewish Geriatric Center Of Long Is Commack, NY | $54,775,668 | $80,755,778 |
The Schulman And Schachne Institute For Nursing And Rehabilitation Inc Brooklyn, NY | $15,175,367 | $62,719,757 |
Menorah Home & Hospital For The Aged & Infirm Brooklyn, NY | $95,922,650 | $81,993,639 |
Orlando Rehabilitation Group Inc Bala Cynwyd, PA | $57,006,179 | $68,104,174 |
Pittsburgh Care Partnership Inc Community Life Pittsburgh, PA | $51,132,739 | $72,021,182 |
Loretto Health And Rehabilitation Center Syracuse, NY | $32,645,614 | $69,232,567 |
Mary Manning Walsh Nursing Home Co Inc New York, NY | $75,917,101 | $69,028,602 |
Amsterdam Nursing Home Corporation New York, NY | $69,684,595 | $65,318,560 |
St Anns Home For The Aged Rochester, NY | $128,282,836 | $56,352,985 |
The Silvercrest Center For Nursing And Rehabilitation Jamaica, NY | $32,498,304 | $53,752,746 |
Northwell Health Stern Family Center For Rehabilitation Westbury, NY | $34,520,044 | $52,027,697 |