Civic Intelligence

St Michael'S Home Inc

EIN 13-1855431 • 501(c)3 • Yonkers, NY

Profile

To run a religious adult home

3 Lehman TerraceYonkers, NY 10705

www.stmichaelshome.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

34th percentile

0.09x

Higher debt load relative to assets than 34% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

0.98x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

92nd percentile

58%

Higher net margin than 92% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

50th percentile

5.1%

Faster asset growth than 50% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-69%

Faster revenue growth than 2% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$49,943,042

Up $2,412,130 (+5.1%) from 2023

Liabilities

Down

$4,364,095

Down $159,260 (-3.5%) from 2023

Net Assets

Up

$45,578,947

Up $2,571,390 (+6.0%) from 2023

Revenue

Down

$4,451,411

Down $10,051,692 (-69%) from 2023

Expenses

Up

$1,880,099

Up $47,774 (+2.6%) from 2023

Net Income

Down

$2,571,312

Down $10,099,466 (-80%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $6,388,494Liabilities 2010: $147,782Net Assets 2010: $6,240,7122010Assets 2011: $6,360,981Liabilities 2011: $138,814Net Assets 2011: $6,222,1672011Assets 2012: $6,644,358Liabilities 2012: $98,910Net Assets 2012: $6,545,4482012Assets 2013: $7,424,941Liabilities 2013: $93,825Net Assets 2013: $7,331,1162013Assets 2014: $10,539,181Liabilities 2014: $2,108,469Net Assets 2014: $8,430,7122014Assets 2015: $10,794,013Liabilities 2015: $2,106,758Net Assets 2015: $8,687,2552015Assets 2016: $11,051,344Liabilities 2016: $2,056,078Net Assets 2016: $8,995,2662016Assets 2017: $16,240,209Liabilities 2017: $3,276,920Net Assets 2017: $12,963,2892017Assets 2018: $17,832,969Liabilities 2018: $1,916,728Net Assets 2018: $15,916,2412018Assets 2019: $20,767,708Liabilities 2019: $1,852,556Net Assets 2019: $18,915,1522019Assets 2020: $22,038,309Liabilities 2020: $1,820,452Net Assets 2020: $20,217,8572020Assets 2021: $25,945,823Liabilities 2021: $2,232,170Net Assets 2021: $23,713,6532021Assets 2022: $33,351,903Liabilities 2022: $3,015,124Net Assets 2022: $30,336,7792022Assets 2023: $47,530,912Liabilities 2023: $4,523,355Net Assets 2023: $43,007,5572023Assets 2024: $49,943,042Liabilities 2024: $4,364,095Net Assets 2024: $45,578,9472024

Highlighted filing

2024

Assets$49,943,042
Liabilities$4,364,095
Net Assets$45,578,947

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0Expenses 2010: $2,052,4592010Expenses 2011: $2,227,4432011Expenses 2012: $2,196,0132012Revenue 2013: $2,933,024Expenses 2013: $2,075,070Net Income 2013: $857,9542013Revenue 2014: $3,161,384Expenses 2014: $2,057,582Net Income 2014: $1,103,8022014Revenue 2015: $2,232,012Expenses 2015: $1,975,469Net Income 2015: $256,5432015Revenue 2016: $2,282,451Expenses 2016: $1,974,440Net Income 2016: $308,0112016Revenue 2017: $5,957,801Expenses 2017: $1,989,778Net Income 2017: $3,968,0232017Revenue 2018: $4,886,570Expenses 2018: $1,933,618Net Income 2018: $2,952,9522018Revenue 2019: $4,935,211Expenses 2019: $1,936,300Net Income 2019: $2,998,9112019Revenue 2020: $3,232,158Expenses 2020: $1,929,453Net Income 2020: $1,302,7052020Revenue 2021: $5,517,097Expenses 2021: $2,021,301Net Income 2021: $3,495,7962021Revenue 2022: $8,429,277Expenses 2022: $1,806,151Net Income 2022: $6,623,1262022Revenue 2023: $14,503,103Expenses 2023: $1,832,325Net Income 2023: $12,670,7782023Revenue 2024: $4,451,411Expenses 2024: $1,880,099Net Income 2024: $2,571,3122024

Highlighted filing

2024

Revenue$4,451,411
Expenses$1,880,099
Net Income$2,571,312

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$49.9$4.36$45.6$4.45$1.88$2.57
2023Detailed filing. Detailed filing data is available for this year.$47.5$4.52$43.0$14.5$1.83$12.7
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.4$3.02$30.3$8.43$1.81$6.62
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.9$2.23$23.7$5.52$2.02$3.50
2020Detailed filing. Detailed filing data is available for this year.$22.0$1.82$20.2$3.23$1.93$1.30
2019Detailed filing. Detailed filing data is available for this year.$20.8$1.85$18.9$4.94$1.94$3.00
2018Detailed filing. Detailed filing data is available for this year.$17.8$1.92$15.9$4.89$1.93$2.95
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.2$3.28$13.0$5.96$1.99$3.97
2016Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$11.1$2.06$9.00$2.28$1.97$0.31
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.8$2.11$8.69$2.23$1.98$0.26
2014Detailed filing. Detailed filing data is available for this year.$10.5$2.11$8.43$3.16$2.06$1.10
2013Detailed filing. Detailed filing data is available for this year.$7.42$0.09$7.33$2.93$2.08$0.86
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.64$0.10$6.55$2.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.36$0.14$6.22$2.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.39$0.15$6.24$2.05
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 17, 2024
Return Version
2023v5.1
Gross Receipts
$14,503,103
Mission and Program Overview

Mission

To run a religious adult home

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,781,176$3,637,534▼ $143,642
Cash and Non-Interest-Bearing Accounts$2,322,999$3,044,662▲ $721,663
Accounts Receivable$24,354$19,881▼ $4,473
Total Assets$33,351,903$47,530,912▲ $14,179,009
Other Assets Total$27,223,374$40,828,835▲ $13,605,461
Liabilities
Unsecured Notes Loans Payable-$2,500,000-
Mortgage Notes Payable Secured by Investment Property$1,561,926$1,504,418▼ $57,508
Accounts Payable and Accrued Expenses$1,453,198$518,937▼ $934,261
Other Liabilities$0$0→ $0
Total Liabilities$3,015,124$4,523,355▲ $1,508,231
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$27,497,057$39,368,227▲ $11,871,170
Net Assets With Donor Restrictions$2,839,722$3,639,330▲ $799,608
Total Net Assets Fund Balance$30,336,779$43,007,557▲ $12,670,778
Total Liabilities and Net Assets / Fund Balance$33,351,903$47,530,912▲ $14,179,009

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,855,530--
Land$3,361,972--
Equipment$703,667--
Other Assets Org$27,464--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$14,503,103---$14,503,103
2022$14,503,103---$14,503,103
2021$14,503,103---$14,503,103
2020$14,503,103---$14,503,103
2019$14,503,103---$14,503,103
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Nikitas DrakotosDirector of HomeFT$7,254$7,254
Revenue and Support

Revenue Composition

Contributions and Grants
$13,384,397
Program Service Revenue
$759,101
Investment Income
$90,576
Other Revenue
$269,029
All Other Contributions
$13,384,397
Change in Net Assets
$12,670,778

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,503,103
Total Revenue per Audited Statements
$14,503,103
Total Revenue per Form 990
$14,503,103
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,133,153
Other Expenses$699,172
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$711,404$234,587$0$945,991
Depreciation Depletion$167,901$18,655$0$186,556
All Other Expenses$69,689$38,330$0$108,019
Other Employee Benefits$80,723$26,621$0$107,344
Insurance$75,969$8,441$0$84,410
Payroll Taxes$60,023$19,795$0$79,818
Occupancy$66,141$11,672$0$77,813
Office Expenses$0$28,860$0$28,860
Fees for Services Accounting$0$22,068$0$22,068
Fees for Services Legal$0$4,909$0$4,909
Other Expenses$0$4,775$0$4,775
Advertising$0$719$0$719
Total Functional Expenses$1,412,893$419,432$0$1,832,325

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,832,325
Total Expenses per Audited Statements$1,832,325
Total Expenses per Form 990$1,832,325
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Paycheck Protection Program Loan$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
ST MICHAEL'S HOME INC
EIN
13-1855431
Phone
9144763374
Address
3 LEHMAN TERRACE, YONKERS, NY 10705

Signing Officer

Name
Bishop Andonios Paropoulos
Title
Director
Phone
9144763374
Signed
2024-04-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bishop Andonios Parapoulos
Formed
1985
Legal Domicile
Ny
Voting Board Members
19
Independent Board Members
19
Employees
32
Volunteers
0

Preparer

Firm
Abbate Demarinis Llp
Address
3200 Sunrise Hwy, Wantagh, NY 11793
Preparer
Anthony Abbate
Phone
5167456600
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The 990 will be reviewed by the Homes Director upon completion and is also distributed to the Board Members via email for feedback.

Pt VI, Line 15A

Other officers or key employees compensation is discussed and decided by the Board of Trustees following recommendation from the Personnel Committee each year.

Pt VI, Line 15B

The Directors compensaton was and is discussed and decided by the Board of Trustees each year.

Pt VI, Line 12C

Annually each Board member must complete a form or confirm that nothing has changed from the previous year. Also each Board Member is asked at the first meeting of the year regarding any possible conflicts.

Raw XML AppendixShowing 400 of 533 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
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