St Monicas Senior Living
- Assets
- $12.7m
- Revenue
- $7.4m
- Investments
- $39.2k
- Employees
- 223
- Location
- Racine, WI
- Founding
- 03/1946
- Data as of
- 03/2023
- EIN
- 39-1137868
Organization Overview
St Monicas Senior Living is located in Racine, WI. The organization was established in 1946. 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 03/2023, St Monicas Senior Living employed 223 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Monicas Senior Living 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 03/2023, St Monicas Senior Living generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $7.6m during the year ending 03/2023. While expenses have increased by 11.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
IN THE SPIRIT OF OUR FOUNDERS, THE SISTERS OF ST. RITA, WE PROVIDE A COMPASSIONATE, SAFE, LOVING FAMILY HOME ENVIRONMENT THAT RESPECTS THE DIGNITY OF ALL RESIDENTS. WE STRIVE TO MEET THE PHYSICAL, EMOTIONAL, SOCIAL AND SPIRITUAL NEEDS OF EACH RESIDENT AND SUPPORT THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. MONICA'S IS NESTLED ON 42 ACRES ALONG THE ROOT RIVER IN RACINE, WISCONSIN. WITHIN OUR WALLS AND GROUNDS WE SERVE RESIDENTS IN PROVIDING A SENSE OF CALM, SECURITY AND ENJOYMENT. THE STAFF INCLUDES PROFESSIONAL, LICENSED CAREGIVERS, DEDICATED TO TREATING EVERY RESIDENT LIKE FAMILY AND ENGAGING EACH IN FRUITFUL, INTERESTING ACTIVITY. THROUGH OUR CORE VALUES, ST. MONICA'S IS RACINE'S PREMIER PROVIDER OF SENIOR LIVING SERVICES, CONTINUALLY ENHANCING THE RANGE OF QUALITY COMPASSIONATE CARE AND ACTIVITIES THROUGH INNOVATION, EMPLOYEE INVESTMENT, AND COMMUNITY MEMBER ENGAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sr Angelica Summer Director | Trustee | 1 | $17,427 |
Tom Leuenberger Chair | OfficerTrustee | 1 | $0 |
Ahmad Qawi Vice Chair (vacated During Fy23) | OfficerTrustee | 1 | $0 |
Shawn Olley Secretary | OfficerTrustee | 1 | $0 |
Joe Maller Treasurer | OfficerTrustee | 1 | $0 |
David Easley Past Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cbebt Employee Health Insurance | 3/30/23 | $381,170 |
Cliftonlarsonallen Llp Accounting | 3/30/23 | $181,233 |
West Bend Mutual Insurance Gpl And Workers Comp Insurance | 3/30/23 | $149,853 |
Sysco Food Services Of Eastern Wisconsin Food And Kitchen Supplies | 3/30/23 | $145,375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,131 |
| Related organizations | $0 |
| Government grants | $52,655 |
| All other contributions, gifts, grants, and similar amounts not included above | $179,264 |
| Noncash contributions included in lines 1a–1f | $7,151 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,050 |
| Total Program Service Revenue | $7,254,703 |
| Investment income | $74,261 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$173,097 |
| Net Income from Fundraising Events | -$10,096 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,407,821 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $105,000 |
| 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. | $147,068 |
| Compensation of current officers, directors, key employees. | $35,297 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,025,782 |
| Pension plan accruals and contributions | $61,067 |
| Other employee benefits | $482,812 |
| Payroll taxes | $329,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,665 |
| Fees for services: Accounting | $196,333 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,691 |
| Fees for services: Other | $171,733 |
| Advertising and promotion | $31,464 |
| Office expenses | $253,493 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $460,070 |
| Travel | $5,962 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,813 |
| Interest | $197,953 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $421,293 |
| Insurance | $202,631 |
| All other expenses | $56,986 |
| Total functional expenses | $7,567,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $381,587 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,418 |
| 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 | $75,081 |
| Net Land, buildings, and equipment | $9,181,980 |
| Investments—publicly traded securities | $2,733,312 |
| Investments—other securities | $39,187 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $174,064 |
| Total assets | $12,700,629 |
| Accounts payable and accrued expenses | $452,070 |
| Grants payable | $0 |
| Deferred revenue | $19,851 |
| 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 | $4,861,519 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $165,825 |
| Total liabilities | $5,499,265 |
| Net assets without donor restrictions | $6,993,585 |
| Net assets with donor restrictions | $207,779 |
| 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 | $12,700,629 |