St Annes Mead
- Assets
- $7.0m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 128
- Location
- Southfield, MI
- Founding
- 11/1965
- Data as of
- 12/2021
- EIN
- 38-6058248
Organization Overview
St Annes Mead is located in Southfield, MI. The organization was established in 1965. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, St Annes Mead employed 128 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Annes Mead 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 Annes Mead generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. 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
PROVIDE HOUSING FOR SENIOR CITIZENS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. ANNE'S MEAD PROVIDES ASSISTED LIVING AND INDEPENDENT LIVING APARTMENTS FOR SENIORS.
ST. ANNE'S MEAD PROVIDES THERAPEUTIC MEMORY CARE FOR SENIORS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Collins Executive Director | Officer | 40 | $86,065 |
Sheila Brice Secretary | Officer | 5 | $0 |
Terry Lynch President | Officer | 5 | $0 |
Jerry Rubin Treasurer | Officer | 5 | $0 |
Patti Fraley Vice President | Officer | 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 | $972,752 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $972,752 |
| Total Program Service Revenue | $3,193,885 |
| Investment income | $67,718 |
| 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 | $4,357,130 |
| 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 | $1,827,335 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $183,633 |
| Payroll taxes | $169,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,720 |
| Advertising and promotion | $29,283 |
| Office expenses | $75,909 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $183,142 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,195 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $213,922 |
| Insurance | $75,528 |
| All other expenses | $0 |
| Total functional expenses | $3,622,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $963,595 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,787 |
| 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 | $16,327 |
| Net Land, buildings, and equipment | $4,806,315 |
| Investments—publicly traded securities | $1,203,267 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,002,291 |
| Accounts payable and accrued expenses | $29,214 |
| 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 | $947,810 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $79,393 |
| Total liabilities | $1,056,417 |
| Net assets without donor restrictions | $5,861,412 |
| Net assets with donor restrictions | $84,462 |
| 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 | $7,002,291 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that St Annes Mead has recieved totaling $17,054.
| Awarding Organization | Amount |
|---|---|
Phillip And Elizabeth Filmer Memorial Charitable Trust Detroit, MI PURPOSE: REFURBISH SOUTH LOUNGE | $15,000 |
Tuktawa Foundation Orchard Lake, MI PURPOSE: SOCIAL WELFARE | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $54 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wesleyan Senior Care Inc Elyria, OH | $38,781,786 | $23,501,325 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Saint Anne Home And Retirment Community Fort Wayne, IN | $21,467,824 | $25,970,139 |
Vista Grande Villa Jackson, MI | $18,128,782 | $15,877,096 |
Prairie Landing Community Inc Indianapolis, IN | $109,459,923 | $13,961,062 |
Hubbard Hill Estates Inc Elkhart, IN | $40,723,668 | $16,327,220 |
Mother Angeline Mccrory Manor Inc Columbus, OH | $23,036,099 | $15,389,300 |
Manor Care Of Tacoma Wa Association Toledo, OH | $1,605,997 | $12,220,932 |
Indiana Masonic Home Inc Franklin, IN | $115,983,648 | $16,702,873 |
Concordia Of Ohio Copley, OH | $66,868,178 | $15,913,038 |
Mercy Services For Aging Nonprofit Housing Corporation Farmington Hills, MI | $43,763,232 | $13,715,486 |
St Clare Commons Perrysburg, OH | $22,863,382 | $9,152,797 |