Stella Maris Inc
- Assets
- $102.3m
- Revenue
- $70.4m
- Investments
- $28.2m
- Employees
- 1,050
- Location
- Timonium, MD
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 52-1419602
Organization Overview
Stella Maris Inc is located in Timonium, MD. The organization was established in 1946. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2021, Stella Maris Inc employed 1,050 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Stella Maris 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 06/2021, Stella Maris Inc generated $70.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $64.2m during the year ending 06/2021. While expenses have increased by 2.6% per year over the past 6 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
IN THE TRADITION OF THE SISTERS OF MERCY, STELLA MARIS PROVIDES A COMPREHENSIVE RANGE OF HEALTH AND HOUSING SERVICES FOR THE COMPASSIONATE CARE OF THE ELDERLY, THE SICK AND THE DYING.
Describe the Organization's Program Activity:
NURSING HOME CARE - PROVIDES ROOM AND BOARD, CARE AND TREATMENT TO THE ELDERLY. TOTAL BED DAYS 109,151.
HOSPICE CARE - PROVIDES ROOM AND BOARD AND PALLIATIVE CARE FOR THE SICK AND DYING. TOTAL BEDS DAYS 3,103.
HOME HEALTH CARE - PROVIDES MEDICAL CARE VISITS INCLUDING SKILLED NURSING, HOME HEALTH AIDE, PHYSICAL THERAPY, OCCUPATIONAL THERAPY AND SPEECH THERAPY TO HOME CARE PARTICIPANTS. TOTAL PATIENT DAYS - 156,059; TOTAL PATIENT VISITS - 61,269.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regina Figeroua Chief Administrative Officer | OfficerTrustee | 39.5 | $332,157 |
Stephen Stinnette Sr VP Of Finance | Officer | 0 | $220,342 |
Lisa Stone Sr VP Of Outreach Services | Officer | 40 | $189,829 |
Jean Woodward Case Manager | 40 | $179,412 | |
Susan Aschman Sr VP Of Nursing | Officer | 40 | $162,370 |
Crystal Hickey Sr VP Of Human Resources | Officer | 40 | $158,680 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Loving Care Services Agency Nursing | 6/29/21 | $1,113,271 |
Rehabcare Group Inc Physical Therapy | 6/29/21 | $1,890,332 |
Core Medical Group Agency Nursing | 6/29/21 | $546,136 |
Amn Healthcare Agency Nursing | 6/29/21 | $376,643 |
Chesapeake Medical Staffing Agency Nursing | 6/29/21 | $363,335 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,741,248 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,741,248 |
| Total Program Service Revenue | $62,175,503 |
| Investment income | $1,436,761 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $542,241 |
| 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 | $70,381,069 |
| 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. | $1,565,965 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,284,868 |
| Pension plan accruals and contributions | $383,196 |
| Other employee benefits | $3,467,958 |
| Payroll taxes | $2,599,887 |
| Fees for services: Management | $451,546 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $95,657 |
| Fees for services: Other | $7,284,968 |
| Advertising and promotion | $185,143 |
| Office expenses | $953,703 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $998,049 |
| Travel | $439,436 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,182 |
| Interest | $614,843 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,191,183 |
| Insurance | $910,122 |
| All other expenses | $2,619,482 |
| Total functional expenses | $64,172,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,807,819 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,798,747 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $245,469 |
| Prepaid expenses and deferred charges | $21,556 |
| Net Land, buildings, and equipment | $44,931,139 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $28,157,321 |
| Investments—program-related | $5,442,593 |
| Intangible assets | $0 |
| Other assets | $7,905,215 |
| Total assets | $102,309,859 |
| Accounts payable and accrued expenses | $7,254,776 |
| Grants payable | $0 |
| Deferred revenue | $280,000 |
| Tax-exempt bond liabilities | $18,230,862 |
| 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 | $5,939,335 |
| Total liabilities | $31,704,973 |
| Net assets without donor restrictions | $65,162,293 |
| Net assets with donor restrictions | $5,442,593 |
| 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 | $102,309,859 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Stella Maris Inc has recieved totaling $225,112.
| Awarding Organization | Amount |
|---|---|
George A & Mary E Frederick Mem Fd Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $197,254 |
John C Pangborn Tr Uw Item 15 Nect Pittsburgh, PA PURPOSE: GENERAL USE AND PURPOSES | $16,858 |
Maryland Branch Of The Shut-In Society Of Baltimore City Incorpor Towson, MD PURPOSE: FDS FOR THERAPY PROGRAMS OF MUSIC FOR SHUT-IN RESIDENTS | $10,000 |
The Huether Foundation Inc Phoenix, MD PURPOSE: UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $1,055,000 |
| Ending Balance | $1,055,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charlestown Community Inc Baltimore, MD | $306,805,066 | $94,859,354 |
Orlando Rehabilitation Group Inc Bala Cynwyd, PA | $57,006,179 | $68,104,174 |
Pittsburgh Care Partnership Inc Community Life Pittsburgh, PA | $51,132,739 | $72,021,182 |
Hebrew Home Of Greater Washington Inc Rockville, MD | $285,489,018 | $90,628,808 |
Stella Maris Inc Timonium, MD | $102,309,859 | $70,381,069 |
Baptist Homes Society Pittsburgh, PA | $230,976,398 | $48,712,783 |
Brooke Grove Foundation Inc Sandy Spring, MD | $77,483,893 | $56,285,536 |
Madlyn And Leonard Abramson Center For Jewish Life Blue Bell, PA | $70,280,035 | $47,324,338 |
The Northeast Health Group Inc Bala Cynwyd, PA | $20,717,577 | $41,701,178 |
Covenant Woods Mechanicsville, VA | $166,902,923 | $38,635,107 |
Richfield Living Salem, VA | $138,338,925 | $32,030,155 |
Phoebe Home Inc Allentown, PA | $44,042,871 | $37,033,122 |