Ascension Living Sherbrooke Village is located in St Louis, MO. 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 06/2021, Ascension Living Sherbrooke Village employed 199 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Ascension Living Sherbrooke Village 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 06/2021, Ascension Living Sherbrooke Village generated $12.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $16.7m during the year ending 06/2021. 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
TO PROVIDE SPIRITUALLY CENTERED, HOLISTIC, COMPASSIONATE SKILLED NURSING AND ASSISTED LIVING SERVICES TO THOSE IN OUR COMMUNITY FOR THE SHORT TERM OR LONG TERM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALEXIAN BROTHERS SHERBROOKE VILLAGE ("ABSV") INCLUDES SKILLED NURSING (SNF) AND ASSISTED LIVING (AL). ABSV, INSPIRED BY THE HEALING MISSION OF THE CATHOLIC CHURCH TO THE ELDERLY, MAXIMIZES DIGNITY AND INDEPENDENCE. ROOTED IN THE CATHOLIC TRADITION OF CARING, AS A CORPORATE MEMBER OF ASCENSION LIVING, OUR COMMUNITY IS CONTINUALLY DEVELOPING AND ADOPTING NEW BEST PRACTICES IN CARE THAT ENHANCE THE EXPERIENCE OF OUR RESIDENTS, PROGRAM PARTICIPANTS AND PATIENTS. THE STAFF IS COMMITTED TO PROMOTING THE WELL-BEING OF THOSE WE SERVE THROUGH THE DELIVERY OF QUALITY CARE. THE FACILITY HAS 227 BEDS WITH AN AVERAGE OCCUPANCY OF 138 OR 61%. IN FY 2021, 12,018 DAYS OF CARE WERE PROVIDED TO MEDICAID RECIPIENTS; 3,207 DAYS OF CARE WERE PROVIDED TO MEDICARE RECIPIENTS. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATIONS AND STABILITY OF THE ORGANIZATION, AS A CHARITABLE ORGANIZATION, IT IS RECOGNIZED THAT NOT ALL PERSONS POSSESS THE ABILITY TO PURCHASE ESSENTIAL SERVICES NEEDED FOR CARE AND OUR MISSION IS TO SERVE THE COMMUNITY WITH RESPECT TO PROVIDING HEALTH CARE SERVICES. FOR MEDICAID RESIDENTS, WE WERE REIMBURSED $1,243,806 LESS THAN OUR COSTS. WE ALSO GAVE BACK TO THE COMMUNITY $199,477 IN CHARITY CARE AND $8,602 IN OTHER COMMUNITY PROGRAMS. AS PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY, THE FILING ORGANIZATION SERVED IN SUPPORT OF ASCENSION'S COMMITMENT TO BOTH CARE FOR PATIENTS AND COMMUNITIES AND SUPPORT CAREGIVERS AND OTHER ASSOCIATES THROUGH THE CHALLENGES OF THE COVID-19 GLOBAL PANDEMIC IN FY21.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Former Officer (end 6/2019) | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $1,000 |
Government grants | $525,690 |
All other contributions, gifts, grants, and similar amounts not included above | $130,831 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $657,521 |
Total Program Service Revenue | $12,251,520 |
Investment income | $1 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$61,463 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $12,871,813 |
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. | $246,834 |
Compensation of current officers, directors, key employees. | $246,834 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $5,046,428 |
Pension plan accruals and contributions | $119,329 |
Other employee benefits | $667,924 |
Payroll taxes | $445,381 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $449 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,489,770 |
Advertising and promotion | $16,826 |
Office expenses | $38,319 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $322,748 |
Travel | $35,428 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $961 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,013,168 |
Insurance | $0 |
All other expenses | $1,023,509 |
Total functional expenses | $16,692,295 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $56,586 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $872,855 |
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 | $5,588 |
Net Land, buildings, and equipment | $21,851,630 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $36,286 |
Other assets | $2,762,251 |
Total assets | $25,585,196 |
Accounts payable and accrued expenses | $1,515,976 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,237,141 |
Total liabilities | $2,753,117 |
Net assets without donor restrictions | $22,706,759 |
Net assets with donor restrictions | $125,320 |
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 | $25,585,196 |
Organization Name | Assets | Revenue |
---|---|---|
Lakeview Village Inc Lenexa, KS | $137,708,063 | $49,070,478 |
Lutheran Home For The Aged Arlington Heights, IL | $131,494,614 | $46,009,976 |
Masonic Homes Of Kentucky Inc Masonic Home, KY | $92,700,057 | $43,584,418 |
Friendship Village Of West County Chesterfield, MO | $195,171,509 | $29,494,334 |
Presbyterian Homes Of Tennessee Inc Knoxville, TN | $109,320,590 | $32,362,942 |
Trezevant Episcopal Home Memphis, TN | $115,088,411 | $33,520,446 |
The Mather Evanston Evanston, IL | $197,036,841 | $28,903,935 |
Covenant Health Care Center Inc Northbrook, IL | $80,834,072 | $35,580,141 |
Plymouth Place Inc Lagrange Park, IL | $140,283,826 | $32,345,507 |
Covenant Living Communities And Services Skokie, IL | $297,389,461 | $56,944,036 |
Larksfield Place Retirement Communities Inc Wichita, KS | $52,859,205 | $27,697,106 |
Baptist Convalescent Center Inc Erlanger, KY | $70,429,855 | $32,396,386 |