Milwaukee Catholic Home Inc
- Assets
- $48.4m
- Revenue
- $22.2m
- Investments
- $1.8m
- Employees
- 380
- Location
- Milwaukee, WI
- Founding
- 03/1946
- Data as of
- 12/2021
- 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 12/2021, Milwaukee Catholic Home Inc employed 380 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 12/2021, Milwaukee Catholic Home Inc generated $22.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $20.5m during the year ending 12/2021. While expenses have increased by 0.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH CATHOLIC TRADITION AND COMMITMENT, MCH PROVIDES CONTINUING CARE SERVICES FOR OLDER ADULTS.
Describe the Organization's Program Activity:
PROVIDING A VARIETY OF SERVICES TO SENIOR RESIDENTS WITH 119 INDEPENDENT LIVING APARTMENTS, 27 ASSISTED LIVING UNITS, AND A 107-BED SKILLED NURSING FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Fulcher Chief Executive Officer | Officer | 40 | $255,845 |
Rohini Desai Chief Financial Officer | Officer | 40 | $165,181 |
Robert Frediani Chief Operating Officer | Officer | 40 | $158,370 |
Patrick Shaughnessy Executive Director | 40 | $127,847 | |
Kathleen Grant VP Of Clinical Integration | 40 | $119,984 | |
Christopher Reinheimer VP Of Hospitality & Culinary Services | 40 | $110,532 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stu's Flooring Ltd Construction Services | 12/30/21 | $253,139 |
Clearpath Connections Llc Emergency Call Lights Contractors | 12/30/21 | $282,709 |
Berghammer Construction Corp Construction Services | 12/30/21 | $116,042 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,784,388 |
| All other contributions, gifts, grants, and similar amounts not included above | $561,880 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,346,268 |
| Total Program Service Revenue | $16,215,626 |
| Investment income | $177,855 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $135,559 |
| Net Gain/Loss on Asset Sales | $1,211,570 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,396 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,168,366 |
| 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. | $653,638 |
| Compensation of current officers, directors, key employees. | $97,399 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,222,204 |
| Pension plan accruals and contributions | $114,086 |
| Other employee benefits | $1,303,620 |
| Payroll taxes | $784,191 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,001 |
| Fees for services: Accounting | $96,062 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,386 |
| Fees for services: Other | $840,648 |
| Advertising and promotion | $80,583 |
| Office expenses | $120,557 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $860,543 |
| Travel | $6,605 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,744 |
| Interest | $371,244 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,932,141 |
| Insurance | $174,490 |
| All other expenses | $613,832 |
| Total functional expenses | $20,540,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $460,005 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $300 |
| Accounts receivable, net | $1,048,321 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $95,961 |
| Prepaid expenses and deferred charges | $297,830 |
| Net Land, buildings, and equipment | $23,200,852 |
| Investments—publicly traded securities | $18,589,617 |
| Investments—other securities | $1,829,133 |
| Investments—program-related | $954,195 |
| Intangible assets | $0 |
| Other assets | $1,941,253 |
| Total assets | $48,417,467 |
| Accounts payable and accrued expenses | $1,660,999 |
| Grants payable | $0 |
| Deferred revenue | $1,360,000 |
| Tax-exempt bond liabilities | $13,004,837 |
| Escrow or custodial account liability | $10,966,915 |
| 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 | $950,423 |
| Total liabilities | $27,943,174 |
| Net assets without donor restrictions | $18,518,776 |
| Net assets with donor restrictions | $1,955,517 |
| 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 | $48,417,467 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Milwaukee Catholic Home Inc has recieved totaling $51,550.
| Awarding Organization | Amount |
|---|---|
Catholic Financial Life Milwaukee, WI PURPOSE: Civic Sponsorship (Assisted Living) | $25,000 |
Ray And Kay Eckstein Charitable Trust Paducah, KY PURPOSE: PROGRAM SUPPORT | $20,000 |
Mary M & Emmett J Doerr Char Tr Naples, FL PURPOSE: CHARITABLE | $5,000 |
Evan & Marion Helfaer Foundation 32 0393 00 2 Scotts Valley, CA PURPOSE: PROGRAM SUPPORT | $1,000 |
Herbert H Kohl Charities Inc Milwaukee, WI PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $300 |
Church Mutual Insurance Company Foundation Inc Merrill, WI PURPOSE: CLARE GARDENS AND THE LAUDATO SI' PROJECT'S CATHOLIC ECOLOGY CENTER. GARDENS WILL PRODUCE FRUITS AND VEGETABLES FOR THE MAIN FACILITY AND THE TRINITY WOODS COMMUNITY | $250 |
Endowment Analysis
| Beg. Balance | $1,526,646 |
| Earnings | $75,880 |
| Net Contributions | $16,633 |
| Other Expense | $84,545 |
| Ending Balance | $1,534,614 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Home For The Aged Arlington Heights, IL | $131,494,614 | $46,009,976 |
United Methodist Retirement Communities Inc Chelsea, MI | $156,901,085 | $36,318,347 |
Michigan Masonic Home Alma, MI | $52,789,973 | $43,622,202 |
Henry Ford Village Inc Dearborn, MI | $17,115,339 | $84,991,852 |
Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |
Benevolent Corporation Cedar Community West Bend, WI | $115,395,812 | $41,115,280 |
Volunteers Of America Care Facilities Eden Prairie, MN | $34,098,364 | $41,433,516 |
Valley Senior Services Alliance Roseville, MN | $92,212,429 | $35,168,419 |
Saint Therese Of New Hope St Louis Park, MN | $31,804,224 | $36,427,083 |
Porter Hills Presbyterian Village Inc Grand Rapids, MI | $106,049,937 | $39,306,850 |
The Mather Evanston Evanston, IL | $197,036,841 | $28,903,935 |
Covenant Health Care Center Inc Northbrook, IL | $80,834,072 | $35,580,141 |