Milwaukee Catholic Home Inc
- Assets
- $43.0m
- Revenue
- $21.1m
- Investments
- $1.9m
- Employees
- 541
- Location
- Milwaukee, WI
- Founding
- 03/1946
- Data as of
- 12/2022
- EIN
- 39-0806215
Organization Overview
Milwaukee Catholic Home Inc is located in Milwaukee, WI. The organization was established in 1946. 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 12/2022, Milwaukee Catholic Home Inc employed 541 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Milwaukee Catholic 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 12/2022, Milwaukee Catholic Home Inc generated $21.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $22.6m during the year ending 12/2022. While expenses have increased by 2.0% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH CATHOLIC TRADITION AND COMMITMENT, MILWAUKEE CATHOLIC HOME INC PROVIDES CONTINUING CARE SERVICES FOR OLDER ADULTS.
Describe the Organization's Program Activity:
PROVIDING A VARIETY OF SERVICES TO SENIOR RESIDENTS WITH 114 INDEPENDENT LIVING APARTMENTS, 22 ASSISTED LIVING UNITS, AND A 107 BED SKILLED NURSING FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick M Cannon Director | Trustee | 2 | $0 |
Bridget Coffey Treasurer | OfficerTrustee | 2 | $0 |
Robert Devita President | OfficerTrustee | 2 | $0 |
Jennifer Doering PHD RN Vice President | OfficerTrustee | 2 | $0 |
Lora Olenchek Director | Trustee | 2 | $0 |
Linda Price-Topp Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clearpath Connections Llc Emergency Call Lights Contractors | 12/30/21 | $282,709 |
Berghammer Construction Corp Construction Services | 12/30/21 | $116,042 |
Stu's Flooring Ltd Construction Services | 12/30/21 | $253,139 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $185,285 |
| All other contributions, gifts, grants, and similar amounts not included above | $434,748 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $620,033 |
| Total Program Service Revenue | $18,821,466 |
| Investment income | $202,308 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $163,255 |
| Net Gain/Loss on Asset Sales | $364,026 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,115,566 |
| 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. | $609,548 |
| Compensation of current officers, directors, key employees. | $94,886 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,991,696 |
| Pension plan accruals and contributions | $74,858 |
| Other employee benefits | $1,229,247 |
| Payroll taxes | $837,610 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,801 |
| Fees for services: Accounting | $128,378 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,831 |
| Fees for services: Other | $1,694,328 |
| Advertising and promotion | $94,853 |
| Office expenses | $121,570 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $970,067 |
| Travel | $17,375 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,808 |
| Interest | $383,841 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,033,049 |
| Insurance | $207,730 |
| All other expenses | $590,123 |
| Total functional expenses | $22,583,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $853,577 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,576,015 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $95,710 |
| Prepaid expenses and deferred charges | $225,730 |
| Net Land, buildings, and equipment | $22,464,825 |
| Investments—publicly traded securities | $12,733,489 |
| Investments—other securities | $1,885,755 |
| Investments—program-related | $737,200 |
| Intangible assets | $0 |
| Other assets | $2,456,232 |
| Total assets | $43,028,533 |
| Accounts payable and accrued expenses | $2,163,166 |
| Grants payable | $0 |
| Deferred revenue | $1,320,000 |
| Tax-exempt bond liabilities | $11,629,708 |
| Escrow or custodial account liability | $10,690,222 |
| 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 | $683,806 |
| Total liabilities | $26,486,902 |
| Net assets without donor restrictions | $14,774,750 |
| Net assets with donor restrictions | $1,766,881 |
| 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 | $43,028,533 |