Lafon Nursing Home
- Assets
- $11.6m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 101
- Location
- New Orleans, LA
- Founding
- 03/1946
- Data as of
- 12/2023
- EIN
- 72-0983311
Organization Overview
Lafon Nursing Home is located in New Orleans, LA. 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 12/2023, Lafon Nursing Home employed 101 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lafon Nursing Home 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, Lafon Nursing Home generated $7.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $9.0m 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
ELDERLY ADULT RESIDENTIAL CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELDERLY ADULT RESIDENTIAL CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sr Rosalind Luciani Barbeneaux Director | Trustee | 2 | $0 |
Sr Leona Bruner President | OfficerTrustee | 2 | $0 |
Sr Judith Therese Burial Director | Trustee | 2 | $0 |
Sr Alicia Costa Secretary/tr | OfficerTrustee | 2 | $0 |
Sr Geneva James Director | Trustee | 2 | $0 |
Sr Jean Martinez Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Triton Healthcare Therapy Service | 12/30/17 | $340,922 |
Bridgefield Casualty Insurance Insurance | 12/30/17 | $146,008 |
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 | $296,640 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $296,640 |
| Total Program Service Revenue | $6,784,519 |
| Investment income | $521 |
| 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 | $7,195,198 |
| 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 | $4,576,435 |
| Pension plan accruals and contributions | $3,335 |
| Other employee benefits | $184,749 |
| Payroll taxes | $362,946 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,733 |
| Fees for services: Accounting | $68,993 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,100 |
| Office expenses | $35,679 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $397,723 |
| Travel | $9,429 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $470,181 |
| Insurance | $48,073 |
| All other expenses | $963,510 |
| Total functional expenses | $9,005,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,058 |
| Savings and temporary cash investments | $69,897 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,290,118 |
| 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 | $0 |
| Net Land, buildings, and equipment | $10,012,022 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $126,807 |
| Total assets | $11,596,902 |
| Accounts payable and accrued expenses | $341,598 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $1,357,834 |
| Other liabilities | $85,041 |
| Total liabilities | $1,784,473 |
| Net assets without donor restrictions | $9,812,429 |
| Net assets with donor restrictions | $0 |
| 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 | $11,596,902 |