Our Lady Of Wisdom Facility Corporation is located in New Orleans, LA. The organization was established in 1946. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Our Lady Of Wisdom Facility Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR LADY OF WISDOM FACILITY CORPOATION ("OWLOW FC") IS A 501(C)(3) ORGANIZED AS A TYPE I SUPPORTING ORGANIZATION OF NOTRE DAME HEALTH SYSTEM. NOTRE DAME HEALTH SYSTEM IS A LOUISIANA NON-PROFIT ENTITY SPONSORED BY THE ROMAN CATHOLIC CHURCH OF THE ARCHDIOCESE OF NEW ORLEANS. OLOW FC'S PURPOSE IS TO ACQUIRE, OWN, OPERATE, AND MAINTAIN THE REAL AND IMMOVABLE PROPERTY OF OUR LADY OF WISDOM HEALTHCARE CENTER("OLOW"). OLOW IS A NURSING CARE FACILITY OWNED BY NOTRE DAME HEALTH SYSTEM,THE SUPPORTED ORGANIZATION OF OLOW FC, THAT OPERATES A 138 BED, SKILLED AND INTERMIEDIATE NURSING FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR LADY OF WISDOM FACILITY CORPORATION ("OLOW FC") IS A 501(C)(3) ORGANIZED AS A TYPE I SUPPORTING ORGANIZATION OF NOTRE DAME HEALTH SYSTEM. NOTRE DAME HEALTH SYSTEM IS A LOUISIANA NON-PROFIT SPONSORED BY THE ROMAN CATHOLIC CHURCH OF THE ARCHDIOCESE OF NEW ORLEANS. OLOW FC'S PURPOSE IS TO ACQUIRE, OWN, OPERATE, AND MAINTAIN THE REAL AND IMMOVABLE PROPERTY OF OUR LADY OF WISDOM HEALTHCARE CENTER ("OLOW"). OLOW IS A NURSING CARE FACILITY OWNED BY NOTRE DAME HEALTH SYSTEM, THE SUPPORTED ORGANIZATION OF OLOW FC, THAT OPERATES A 138 BED, SKILLED AND INTERMIEDIATE NURSING FACILITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Deacon Jeffrey Tully President | OfficerTrustee | 40 | $0 |
Very Rev Patrick Carr Secretary/tr | OfficerTrustee | 0 | $0 |
Rev Gregory M Aymond Dd Director | OfficerTrustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $13,042,440 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $12,730,440 |
Total Revenue from Contributions, Gifts, Grants & Similar | $13,042,440 |
Total Program Service Revenue | $267,455 |
Investment income | $7 |
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 | $13,309,902 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,525 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $18 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $462,857 |
Travel | $0 |
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 | $25,776 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $493,033 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $52,154 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $73,472 |
Net Land, buildings, and equipment | $12,591,855 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $731,099 |
Total assets | $13,448,580 |
Accounts payable and accrued expenses | $1,986 |
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 | $10,534,245 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $10,536,231 |
Net assets without donor restrictions | $2,912,349 |
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 | $13,448,580 |
Over the last fiscal year, we have identified 1 grants that Our Lady Of Wisdom Facility Corporation has recieved totaling $407,165.
Awarding Organization | Amount |
---|---|
Notre Dame Health System New Orleans, LA PURPOSE: FOR GENERAL OPERATIONS SUPPORT | $407,165 |
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