Carmel Manor Inc
- Assets
- $26.3m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 132
- Location
- Fort Thomas, KY
- Founding
- 03/1946
- Data as of
- 12/2022
- EIN
- 61-0523290
Organization Overview
Carmel Manor Inc is located in Fort Thomas, KY. 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 12/2022, Carmel Manor Inc employed 132 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Carmel Manor 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 12/2022, Carmel Manor Inc generated $10.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $14.5m during the year ending 12/2022. While expenses have increased by 8.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE HOME IS TO PROVIDE CARE AND SERVICES TO THE COMMUNITY IN CONFORMANCE WITH THE THEOLOGY; PHILOSOPHY; TEACHINGS AND DOCTRINES OF THE ROMAN CATHOLIC CHURCH, RESPECTING AND BUILDING ON THE MISSION, PHILOSOPHY, AND VALUES OF THE CARMELITE SISTERS FOR THE AGED AND INFIRM.
Describe the Organization's Program Activity:
CARMEL MANOR OPERATES A NURSING HOME AND A PERSONAL CARE HOME IN FORT THOMAS, KENTUCKY WHICH SERVES THE NEEDS OF UP TO 145 INDIVIDUALS. THE HOME PROVIDES PROFESSIONAL AND PERSONAL SERVICES IN A COMPASSIONATE AND CARING MANNER TO MEMBERS OF THE FORT THOMAS AND SURROUNDING COMMUNITIES AND OTHER LOCATIONS THAT SEEK OUR SERVICES. THE HOME SERVED HUNDREDS OF OUR NEIGHBORS AND THEIR FAMILIES WITHOUT REGARD TO THEIR ETHNIC BACKGROUND, RELIGION, OR FINANCIAL CIRCUMSTANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sr Jeanne Francis Haley President | OfficerTrustee | 1 | $0 |
Mr Jeffrey Brauley Treasurer | OfficerTrustee | 1 | $0 |
Ms Catherine Millette Morrison Secretary | OfficerTrustee | 1 | $0 |
Mr Michael Desmond Chairperson | Trustee | 1 | $0 |
Sr Lois Baniewicz Member | Trustee | 1 | $0 |
Sr Mary Luann Bender Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maxim Healthcare Staffing Services Inc Nursing Contract Labor | 12/30/22 | $1,064,954 |
Healthcare Services Group Inc Dietary Contract Labor | 12/30/22 | $625,544 |
Select Rehabilitation Llc Therapy Contract Labor | 12/30/22 | $588,586 |
Shiftkey Llc Nursing Contract Labor | 12/30/22 | $510,425 |
Leaderstat Ltd Nursing Contract Labor | 12/30/22 | $507,783 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $489,031 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,335 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $551,366 |
| Total Program Service Revenue | $8,391,922 |
| Investment income | $25,611 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,716 |
| Net Gain/Loss on Asset Sales | -$1,129 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,000,437 |
| 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 | $2,933,678 |
| Pension plan accruals and contributions | $14,618 |
| Other employee benefits | $557,893 |
| Payroll taxes | $214,297 |
| Fees for services: Management | $442,571 |
| Fees for services: Legal | $19,031 |
| Fees for services: Accounting | $40,284 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,598 |
| Fees for services: Other | $5,572,154 |
| Advertising and promotion | $613,052 |
| Office expenses | $33,960 |
| Information technology | $227,792 |
| Royalties | $0 |
| Occupancy | $448,139 |
| Travel | $89,513 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $877,529 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $732,322 |
| Insurance | $278,732 |
| All other expenses | $146,733 |
| Total functional expenses | $14,480,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $345,181 |
| Savings and temporary cash investments | $10,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $995,804 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,395 |
| Prepaid expenses and deferred charges | $4,278,206 |
| Net Land, buildings, and equipment | $19,602,491 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,083,555 |
| Total assets | $26,340,632 |
| Accounts payable and accrued expenses | $2,624,261 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $16,407,011 |
| Escrow or custodial account liability | $10,129 |
| 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 | $7,282,684 |
| Total liabilities | $26,324,085 |
| Net assets without donor restrictions | -$96,388 |
| Net assets with donor restrictions | $112,935 |
| 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 | $26,340,632 |