St Margarets

Organization Overview

St Margarets is located in New Orleans, LA. The organization was established in 2011. 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 03/2023, St Margarets employed 346 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Margarets 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 03/2023, St Margarets generated $11.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $10.8m during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

ST. MARGARET'S IS A FAITH-BASED ORGANIZATION THAT PROVIDES QUALITY NURSING CARE TO THE POOR.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE HOME RELOCATED TO THE MIDCITY AREA IN MAY 2013 AND CURRENTLY HAS 100 RESIDENTS. 72 PERCENT OF OUR RESIDENTS ARE IN POVERTY, RECEIVING MEDICAID BENEFITS. OUR MISSION IS TO PROVIDE EXCEPTIONAL HEALTHCARE TO THE POOR SENIORS IN THE COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Larry Stansberry III
President/ceo
$100,895
Pat Arnold
Secretary/treasurer
$0
Lee Stansberry
Board Member
$0
John Dalton
Board Member
$0
John Sweet
Board Member
$0
Larry Stansberry IV
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $669,032
All other contributions, gifts, grants, and similar amounts not included above$12,733
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$681,765
Total Program Service Revenue$10,063,389
Investment income $7,246
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $10,958,183

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