Vincentian Regency
- Assets
- $16.6m
- Revenue
- $2.1m
- Investments
- $320.5k
- Employees
- 0
- Location
- Allison Park, PA
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 25-1293904
Organization Overview
Vincentian Regency, operating under the name Terrace Place At Vincentian, is located in Allison Park, PA. The organization was established in 1946. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Terrace Place At Vincentian 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, Terrace Place At Vincentian generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $2.1m during the year ending 06/2022. 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
VINCENTIAN REGENCY IS A MEMBER OF VINCENTIAN COLLABORATIVE SYSTEM, A CATHOLIC HEALTH AND HUMAN SERVICES ORGANIZATION HEADQUARTERED IN THE NORTH HILLS OF PITTSBURGH THAT OFFERS A CONTINUUM OF HIGHLY-RATED SENIOR CARE SERVICES AT MULTIPLE LOCATIONS ACROSS ALLEGHENY COUNTY, INCLUDING INDEPENDENT LIVING, SKILLED NURSING, SHORT TERM REHABILITATION, LONG TERM CARE, PERSONAL CARE AND MEMORY CARE. THE VINCENTIAN SYSTEM IS COMPRISED OF VINCENTIAN HOME AND VINCENTIAN REGENCY IN THE NORTH HILLS, MARIAN MANOR IN THE SOUTH HILLS AND VINCENTIAN DE MARILLAC IN THE CITY OF PITTSBURGH. ADDITIONALLY THE SYSTEM INCLUDES TWO OUTPATIENT REHABILITATION LOCATIONS, TWO CHILD DEVELOPMENT CENTERS AND A CHARITABLE FOUNDATION. EACH YEAR, THE VINCENTIAN SYSTEM COLLECTIVELY CONTRIBUTES TO THE LOCAL COMMUNITY BY PROVIDING MORE THAN $11.4 MILLION IN BENEVOLENT CARE, SERVING SOME 1,700 SENIORS, 182 CHILDREN AND PROVIDING HIGH-QUALITY JOBS TO MORE THAN 900 PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES AN ARRAY OF INDEPENDENT SERVICES TO STIMULATE SOUND VOCATIONAL, PHYSICAL AND MENTAL WELLBEING. TERRACE PLACE AT VINCENTIAN FURTHERS THE ORGANIZATION'S TAX EXEMPT PURPOSE AND ITS MISSION OF PROVIDING SERVICES TO MEET THE NEEDS OF THE PITTSBURGH AREA'S SENIOR POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Strano Secretary | OfficerTrustee | 0.3 | $0 |
Chris Azzara Chair | OfficerTrustee | 0.3 | $0 |
Dean Owrey President, CEO | OfficerTrustee | 10 | $0 |
Debra Wolf Director | Trustee | 0.3 | $0 |
Elaine Bellin Director | Trustee | 0.3 | $0 |
Gretchen Jezerc Vice Chair | OfficerTrustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Laurel Capital Corporation Financial Planning | 6/29/22 | $318,235 |
Csk Advertising Advertising | 6/29/22 | $154,568 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,921,262 |
| Investment income | $1,340 |
| 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 | $2,099,979 |
| 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 | $147,151 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,346 |
| Payroll taxes | $10,026 |
| Fees for services: Management | $105,792 |
| Fees for services: Legal | $627 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60 |
| Fees for services: Other | $267,483 |
| Advertising and promotion | $27,293 |
| Office expenses | $275,131 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $104,673 |
| Travel | $5,265 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $320,855 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $644,593 |
| Insurance | $23,134 |
| All other expenses | $0 |
| Total functional expenses | $2,101,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$7,953,699 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$132,575 |
| 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 | $57,980 |
| Net Land, buildings, and equipment | $20,978,573 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $320,517 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,323,059 |
| Total assets | $16,593,855 |
| Accounts payable and accrued expenses | $52,404 |
| Grants payable | $0 |
| Deferred revenue | $1,969,260 |
| 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 | $14,239,907 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,609,630 |
| Total liabilities | $17,871,201 |
| Net assets without donor restrictions | -$1,321,275 |
| Net assets with donor restrictions | $43,929 |
| 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 | $16,593,855 |