Lourdes-Noreen Mckeen Residence For Geriatric Care Inc
- Assets
- $46.6m
- Revenue
- $23.9m
- Investments
- $0.0
- Employees
- 302
- Location
- West Palm Beach, FL
- Founding
- 03/1946
- Data as of
- 12/2023
- EIN
- 59-0879342
Organization Overview
Lourdes-Noreen Mckeen Residence For Geriatric Care Inc is located in West Palm Beach, FL. 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 12/2023, Lourdes-Noreen Mckeen Residence For Geriatric Care Inc employed 302 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lourdes-Noreen Mckeen Residence For Geriatric Care 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 12/2023, Lourdes-Noreen Mckeen Residence For Geriatric Care Inc generated $23.9m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $26.6m during the year ending 12/2023. 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
LOURDES-NOREEN MCKEEN RESIDENCE FOR GERIATRIC CARE, INC., WAS FOUNDED IN 1960 AND PROVIDES SHORT-TERM REHABILITATION, LONG TERM CARE, ASSISTED LIVING, AND INDEPENDENT RESIDENTIAL SERVICES TO THE ELDERLY IN PALM BEACH COUNTY. THESE SERVICES ARE PROVIDED IN AN ATMOSPHERE OF CHRISTIAN UNDERSTANDING AND FAITH, RESPECTING HUMAN LIFE AND THE INHERENT DIGNITY OF EACH PERSON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHORT TERM REHABILITATION - LOURDES-NOREEN MCKEEN RESIDENCE IS COMMITTED TO CONTINUOUSLY STRIVE TO DEVELOP AND IMPROVE EFFECTIVE SYSTEMS FOR PROVIDING QUALITY REHABILITATION SERVICES FOCUSING ON SUPERIOR OUTCOMES TO ASSIST ELDERS IN SUCCESSFULLY RETURNING TO THE COMMUNITY.LONG TERM CARE - LOURDES-NOREEN MCKEEN RESIDENCE IS COMMITTED TO BRING COMPASSION TO ELDERS IN A MANNER THAT ADVANCES THE HEALTH AND WELL-BEING OF THOSE REQUIRING LONG TERM CARE, WITHOUT REGARD TO ETHNIC BACKGROUND, RELIGION, AND FINANCIAL CIRCUMSTANCES.ASSISTED LIVING AND INDEPENDENT RESIDENTIAL SERVICES - LOURDES-NOREEN MCKEEN RESIDENCE PROVIDES SUPPORTIVE HOUSING, CARE, AND AMENITIES DESIGNED TO PROMOTE HEALTHY LIVING AND ENHANCE THE ABILITY OF THE ELDERLY TO REMAIN INDEPENDENT AND ACTIVE IN THEIR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sr M Peter Lillian Dimaria President | OfficerTrustee | 1 | $0 |
Sr Maureen Murray Vice President | OfficerTrustee | 1 | $0 |
Ms Mary Ann Cody Chairperson/treasurer | OfficerTrustee | 1 | $0 |
Ms Mary Lynn Rogers Secretary | OfficerTrustee | 1 | $0 |
Ms Beth A Daly Member | Trustee | 1 | $0 |
Sr M Sean Damien Flynn Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nursing Services Of Palm Beach Contract Labor | 12/30/23 | $2,498,929 |
Select Rehabilitation Llc Therapy | 12/30/23 | $965,969 |
Elite Medical Staffing Contract Labor | 12/30/23 | $683,785 |
Brightstar Care Of Wellington Contract Labor | 12/30/23 | $320,139 |
Fully Managed Inc It Services/support | 12/30/23 | $171,009 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $639,166 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $639,166 |
| Total Program Service Revenue | $21,789,554 |
| Investment income | $694,612 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $542,818 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,888,580 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,287,555 |
| Pension plan accruals and contributions | $73,710 |
| Other employee benefits | $1,088,686 |
| Payroll taxes | $577,856 |
| Fees for services: Management | $372,600 |
| Fees for services: Legal | $129,382 |
| Fees for services: Accounting | $29,403 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $111,535 |
| Fees for services: Other | $6,014,326 |
| Advertising and promotion | $213,702 |
| Office expenses | $245,319 |
| Information technology | $363,933 |
| Royalties | $0 |
| Occupancy | $1,312,305 |
| Travel | $7,786 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,984 |
| Interest | $594,907 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,925,152 |
| Insurance | $1,425,850 |
| All other expenses | $599,364 |
| Total functional expenses | $26,569,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$970,918 |
| Savings and temporary cash investments | $883,993 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,101,155 |
| 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 | $144,960 |
| Net Land, buildings, and equipment | $23,587,067 |
| Investments—publicly traded securities | $20,737,248 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,152,010 |
| Total assets | $46,635,515 |
| Accounts payable and accrued expenses | $2,067,279 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $12,858,069 |
| Escrow or custodial account liability | $7,032 |
| 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 | $499,919 |
| Total liabilities | $15,432,299 |
| Net assets without donor restrictions | $31,058,455 |
| Net assets with donor restrictions | $144,761 |
| 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 | $46,635,515 |