Madonna Manor Inc
- Assets
- $54.5m
- Revenue
- $12.8m
- Investments
- $3.7m
- Employees
- 468
- Location
- Villa Hills, KY
- Founding
- 09/1966
- Data as of
- 06/2022
- EIN
- 61-0654635
Organization Overview
Madonna Manor Inc is located in Villa Hills, KY. The organization was established in 1966. 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 06/2022, Madonna Manor Inc employed 468 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madonna 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 06/2022, Madonna Manor Inc generated $12.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $14.3m during the year ending 06/2022. While expenses have increased by 4.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MADONNA MANOR IS A LONG-TERM CARE COMMUNITY PROVIDING SERVICES TO MEET OUR SENIOR RESIDENTS' APPROPRIATE LEVEL OF CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKILLED NURSING UNITA SKILLED, 60 BED NURSING UNIT HAD 18,419 RESIDENT DAYS FOR THE YEAR ENDING JUNE 30, 2022. THESE UNITS OFFER SKILLED REHABILITATION SERVICES AND LONG-TERM CARE SERVICES.MEMORY CARE UNITA 24 BED MEMORY CARE UNIT HAD 6,101 RESIDENT DAYS FOR THE YEAR ENDING JUNE 30, 2022. THESE UNITS ARE SPECIFICALLY DESIGNED FOR RESIDENTS WITH DEMENTIA OR OTHER MIND AFFECTING ILLNESSES AND RESIDENTS WHO NEED MORE SERVICE THAN AVAILABLE IN ASSISTED LIVING, BUT NOT ABLE TO QUALIFY FOR LONG TERM OR SKILLED SERVICES.ASSISTED LIVINGA 40 BED ASSISTED LIVING UNIT HAD 12,776 RESIDENT DAYS FOR THE YEAR ENDING JUNE 30, 2022. THESE UNITS PROVIDE PERSONALIZED HELP, SUPPORTIVE SERVICES IN A PROFESSIONALLY MANAGED AND CAREFULLY DESIGNED COMMUNITY SETTING.INDEPENDENT LIVING43 INDEPENDENT LIVING UNITS HAD 10,559 RESIDENT DAYS FOR THE YEAR ENDING JUNE 30, 2022. THESE UNITS OFFER YOU THE FREEDOM TO ENJOY ALL OF THE PLEASURES OF RETIREMENT LIVING WITHOUT TRADITIONAL HOME OWNERSHIP AND OFFERS AMENITIES SUCH AS A COMMUNITY AND WELLNESS CENTER, FULL SERVICE DINING CHOICES, AND A HOST OF CULTURAL ACTIVITIES AND EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marvin O'quinn Director | Trustee | 1 | $0 |
Mitch Melfi ESQ Vice Chairman | OfficerTrustee | 1 | $0 |
Aaron Webb President And CEO (through 7/1/21) | OfficerTrustee | 1 | $0 |
Prentice Lipsey Chairman / President And CEO | OfficerTrustee | 1 | $0 |
Alisa Iffland Treasurer / VP Of Finance | Officer | 1 | $0 |
Heather Rehmer Secretary (through 5/15/22) | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ridge Stone General Contractors Construction | 6/29/22 | $6,595,255 |
Concept Rehab Therapy Services | 6/29/22 | $616,378 |
Maxim Healthcare Staffing Services Inc Staffing Agency | 6/29/22 | $387,658 |
Ma Architects Construction | 6/29/22 | $359,226 |
Plante Moran Living Forward Consulting | 6/29/22 | $240,021 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $236,637 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,660 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $241,297 |
| Total Program Service Revenue | $10,641,851 |
| Investment income | $1,493,472 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $310,137 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,830,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200 |
| 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 | $3,697,575 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $704,299 |
| Payroll taxes | $278,818 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,346 |
| Fees for services: Accounting | $6,491 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,130,531 |
| Advertising and promotion | $67,226 |
| Office expenses | $865,926 |
| Information technology | $161,751 |
| Royalties | $0 |
| Occupancy | $456,635 |
| Travel | $5,346 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,738,187 |
| Payments to affiliates | $197,951 |
| Depreciation, depletion, and amortization | $1,201,830 |
| Insurance | $52,928 |
| All other expenses | $33,119 |
| Total functional expenses | $14,264,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,935 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,590,144 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,525 |
| Prepaid expenses and deferred charges | $75,290 |
| Net Land, buildings, and equipment | $47,386,559 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,665,451 |
| Investments—program-related | $0 |
| Intangible assets | $781,808 |
| Other assets | $14,448 |
| Total assets | $54,528,160 |
| Accounts payable and accrued expenses | $749,291 |
| Grants payable | $0 |
| Deferred revenue | $81,101 |
| Tax-exempt bond liabilities | $24,550,000 |
| Escrow or custodial account liability | $2,936 |
| 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 | $10,424,547 |
| Total liabilities | $35,807,875 |
| Net assets without donor restrictions | $17,895,910 |
| Net assets with donor restrictions | $824,375 |
| 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 | $54,528,160 |