The Montefiore Home
- Assets
- $28.6m
- Revenue
- $24.5m
- Investments
- $95.0k
- Employees
- 392
- Location
- Beachwood, OH
- Founding
- 11/1933
- Data as of
- 06/2023
- EIN
- 34-0714360
Organization Overview
The Montefiore Home is located in Beachwood, OH. The organization was established in 1933. 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 06/2023, Montefiore Home employed 392 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montefiore Home 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 06/2023, Montefiore Home generated $24.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $26.4m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MONTEFIORE PROVIDES A COMPREHENSIVE SYSTEM OF SUPPORT SERVICES RELATED TO HEALTHCARE NEEDS THROUGHOUT THE AGING PROCESS. GUIDED BY JEWISH VALUES, MONTEFIORE IS DEDICATED TO A STANDARD OF EXCELLENCE AND PERSONALIZED CARE, ENABLING INDIVIDUALS TO LIVE WITH DIGNITY AND SECURITY AND AS INDEPENDENTLY AS THEY ARE ABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING HOME CARE: THE MONTEFIORE HOME PROVIDES NURSING HOME CARE AND THERAPY FOR THE AGED AND ILL. MONTEFIORE STRIVES TO BE RECOGNIZED AS THE CENTER OF EXCELLENCE FOR PROMOTION OF WELLNESS TREATMENT AND CARE OF ILLNESS, AND ATTAINMENT OF THE HIGHEST POSSIBLE QUALITY OF LIFE FOR THE AGING COMMUNITY.
HOSPICE: MONTEFIORE HOSPICE SEEKS TO BRING PAIN MANAGEMENT AND SYMPTOM CONTROL, AS WELL AS ULTIMATE CARING AND COMPASSION TO THOSE WITH A LIFE-LIMITING ILLNESS, THEIR CAREGIVERS, FAMILIES AND LOVED ONES. WE PROVIDE OUR SIGNATURE CARE IN THE PATIENT'S OWN HOME, OUR INPATIENT UNIT OR IN OTHER HEALTHCARE FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Newbrough President & CEO Thru 2/21/2023 | Officer | 10 | $0 |
Brenda Satterfield Chief Financial Officer Thru 5/26/23 | Officer | 10 | $0 |
Diane Liliestedt President & COO As Of 2/22/23 | Officer | 10 | $0 |
Lori Lozier Administrator Thru 1/28/2023 | 50 | $189,940 | |
Alexander Beylinson Medical Director - Hospice | 50 | $166,194 | |
Ileta Randall Nurse Rn | 50 | $126,798 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Intelycare Inc Nursing Staff | 6/29/23 | $3,662,475 |
American Medical Personnel Nursing Staff | 6/29/23 | $225,240 |
Rolf Goffman Martin Lang Llp Legal Services | 6/29/23 | $379,644 |
Synchronicity Health Technology Inc Dba Nursedash Nursing Staff | 6/29/23 | $250,774 |
Maxim Healthcare Staffing Services Nursing Staff | 6/29/23 | $342,891 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $381,052 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,246,845 |
| Government grants | $1,012,647 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,700,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,340,544 |
| Total Program Service Revenue | $18,121,435 |
| Investment income | $45 |
| 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 | $32,294 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,531,985 |
| 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 | $13,137,619 |
| Pension plan accruals and contributions | $437,621 |
| Other employee benefits | $951,561 |
| Payroll taxes | $743,306 |
| Fees for services: Management | $2,019,757 |
| Fees for services: Legal | $694,656 |
| Fees for services: Accounting | $30,271 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,053,254 |
| Advertising and promotion | $63,793 |
| Office expenses | $219,397 |
| Information technology | $3,050 |
| Royalties | $0 |
| Occupancy | $524,352 |
| Travel | $78,356 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,771 |
| Interest | $388,830 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,665,434 |
| Insurance | $23,900 |
| All other expenses | $0 |
| Total functional expenses | $26,449,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,065,391 |
| Savings and temporary cash investments | $2 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,652,087 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $164,229 |
| Prepaid expenses and deferred charges | $102,651 |
| Net Land, buildings, and equipment | $20,278,637 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $94,950 |
| Investments—program-related | $0 |
| Intangible assets | $2,087,000 |
| Other assets | $144,479 |
| Total assets | $28,589,426 |
| Accounts payable and accrued expenses | $12,378,081 |
| Grants payable | $0 |
| Deferred revenue | $40,861 |
| 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 | $6,537,917 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,175,922 |
| Total liabilities | $20,132,781 |
| Net assets without donor restrictions | $8,373,088 |
| Net assets with donor restrictions | $83,557 |
| 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 | $28,589,426 |