Civic Intelligence

St Ann'S Home for the Aged

EIN 16-0743146 • 501(c)3 • Rochester, NY

Profile

Since our founding in 1874, our mission has been to promote the highest levels of independence, physical and spiritual well-being of older adults in the catholic tradition of excellence in care and services. St. Ann's community, otherwise known as st. Ann's of greater rochester, inc., offers a continuum of services for seniors in the greater rochester area through these affiliated organizations: st. Ann's home for the aged, st. Ann's nursing home company inc., chapel oaks inc., st. Ann's foundation inc., and st. Ann's senior housing inc. St. Ann's home for the aged (st. Ann's home) is a 388 bed licensed skilled nursing facility. Specialized care offered in this facility includes 60 units dedicated to providing short-term post-acute rehabilitation and complex medical services, and 36 units providing dementia care. St. Ann's home also operates home connection, a 30 slot medical adult day program and home & heart, a social adult day program at two satellite centers serving 27 people.

1500 Portland AveRochester, NY 14621

www.stannscommunity.com

Siviq Scores

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

Liabilities / Assets

81st percentile

0.94x

Higher debt load relative to assets than 81% of similar nonprofits.

NTEE E • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

1.44x

Higher debt load relative to revenue than 85% of similar nonprofits.

NTEE E • $100M-$250M nonprofits • Source year 2024

Net Margin

42nd percentile

-0.2%

Higher net margin than 42% of similar nonprofits.

NTEE E • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

19th percentile

$560,826

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

NTEE E • $100M-$250M nonprofits • Source year 2024

Asset Growth

28th percentile

-1.0%

Faster asset growth than 28% of similar nonprofits.

NTEE E • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

0.2%

Faster revenue growth than 20% of similar nonprofits.

NTEE E • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Down

$115,172,304

Down $1,138,909 (-1.0%) from 2023

Liabilities

Down

$107,923,572

Down $4,834,693 (-4.3%) from 2023

Net Assets

Up

$7,248,732

Up $3,695,784 (+104%) from 2023

Revenue

Up

$75,138,215

Up $121,122 (+0.2%) from 2023

Expenses

Down

$75,311,609

Down $2,437,376 (-3.1%) from 2023

Net Income

Up

-$173,394

Up $2,558,498 (+94%) from 2023

Trend Graphs

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $70,058,263Liabilities 2010: $61,883,406Net Assets 2010: $8,174,8572010Assets 2011: $88,498,087Liabilities 2011: $77,100,713Net Assets 2011: $11,397,3742011Assets 2012: $88,063,453Liabilities 2012: $69,014,070Net Assets 2012: $19,049,3832012Assets 2013: $88,742,179Liabilities 2013: $52,929,942Net Assets 2013: $35,812,2372013Assets 2014: $83,403,869Liabilities 2014: $65,102,083Net Assets 2014: $18,301,7862014Assets 2015: $82,654,326Liabilities 2015: $59,878,810Net Assets 2015: $22,775,5162015Assets 2016: $85,679,292Liabilities 2016: $59,010,161Net Assets 2016: $26,669,1312016Assets 2017: $87,936,821Liabilities 2017: $60,426,812Net Assets 2017: $27,510,0092017Assets 2018: $81,685,764Liabilities 2018: $57,243,726Net Assets 2018: $24,442,0382018Assets 2019: $126,169,381Liabilities 2019: $107,519,096Net Assets 2019: $18,650,2852019Assets 2020: $123,440,655Liabilities 2020: $121,723,337Net Assets 2020: $1,717,3182020Assets 2021: $128,282,836Liabilities 2021: $118,620,546Net Assets 2021: $9,662,2902021Assets 2022: $119,563,076Liabilities 2022: $115,764,696Net Assets 2022: $3,798,3802022Assets 2023: $116,311,213Liabilities 2023: $112,758,265Net Assets 2023: $3,552,9482023Assets 2024: $115,172,304Liabilities 2024: $107,923,572Net Assets 2024: $7,248,7322024

Highlighted filing

2024

Assets$115,172,304
Liabilities$107,923,572
Net Assets$7,248,732

Operations Trend

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

$100M$50M$0-$50MExpenses 2010: $48,698,0302010Expenses 2011: $50,285,1332011Expenses 2012: $58,393,4632012Revenue 2013: $59,571,268Expenses 2013: $60,938,989Net Income 2013: -$1,367,7212013Revenue 2014: $64,099,979Expenses 2014: $63,160,741Net Income 2014: $939,2382014Revenue 2015: $67,313,242Expenses 2015: $65,034,237Net Income 2015: $2,279,0052015Revenue 2016: $65,168,343Expenses 2016: $64,767,107Net Income 2016: $401,2362016Revenue 2017: $63,970,459Expenses 2017: $62,482,877Net Income 2017: $1,487,5822017Revenue 2018: $59,437,257Expenses 2018: $62,280,795Net Income 2018: -$2,843,5382018Revenue 2019: $61,300,035Expenses 2019: $60,911,981Net Income 2019: $388,0542019Revenue 2020: $52,247,086Expenses 2020: $66,166,066Net Income 2020: -$13,918,9802020Revenue 2021: $56,352,985Expenses 2021: $62,061,209Net Income 2021: -$5,708,2242021Revenue 2022: $60,101,428Expenses 2022: $68,738,897Net Income 2022: -$8,637,4692022Revenue 2023: $75,017,093Expenses 2023: $77,748,985Net Income 2023: -$2,731,8922023Revenue 2024: $75,138,215Expenses 2024: $75,311,609Net Income 2024: -$173,3942024

Highlighted filing

2024

Revenue$75,138,215
Expenses$75,311,609
Net Income-$173,394

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$115$108$7.25$75.1$75.3$0.17
2023Summary only. Only limited summary data is available for this year.$116$113$3.55$75.0$77.7$2.73
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$120$116$3.80$60.1$68.7$8.64
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$128$119$9.66$56.4$62.1$5.71
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$123$122$1.72$52.2$66.2$13.9
2019Summary only. Only limited summary data is available for this year.$126$108$18.7$61.3$60.9$0.39
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.7$57.2$24.4$59.4$62.3$2.84
2017Summary only. Only limited summary data is available for this year.$87.9$60.4$27.5$64.0$62.5$1.49
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$85.7$59.0$26.7$65.2$64.8$0.40
2015Detailed filing. Detailed filing data is available for this year.$82.7$59.9$22.8$67.3$65.0$2.28
2014Detailed filing. Detailed filing data is available for this year.$83.4$65.1$18.3$64.1$63.2$0.94
2013Detailed filing. Detailed filing data is available for this year.$88.7$52.9$35.8$59.6$60.9$1.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$88.1$69.0$19.0$58.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$88.5$77.1$11.4$50.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$70.1$61.9$8.17$48.7
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$62,328,303
Mission and Program Overview

Mission

Since our founding in 1874, our mission has been to promote the highest levels of independence, physical and spiritual well-being of older adults in the catholic tradition of excellence in care and services. St. Ann's community, otherwise known as st. Ann's of greater rochester, inc., offers a continuum of services for seniors in the greater rochester area through these affiliated organizations: st. Ann's home for the aged, st. Ann's nursing home company inc., chapel oaks inc., st. Ann's foundation inc., and st. Ann's senior housing inc. St. Ann's home for the aged (st. Ann's home) is a 388 bed licensed skilled nursing facility. Specialized care offered in this facility includes 60 units dedicated to providing short-term post-acute rehabilitation and complex medical services, and 36 units providing dementia care. St. Ann's home also operates home connection, a 30 slot medical adult day program and home & heart, a social adult day program at two satellite centers serving 27 people.

Promote independence, physical & spiritual well-being of older adults in a skilled nursing facility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$67,789,191$77,013,645▲ $9,224,454
Investments in Publicly Traded Securities$19,245,244$14,746,364▼ $4,498,880
Accounts Receivable$3,750,897$6,109,345▲ $2,358,448
Investments Other Securities$2,913,466$3,511,915▲ $598,449
Pledges and Grants Receivable-$1,726,300-
Prepaid Expenses and Deferred Charges$730,574$1,275,880▲ $545,306
Cash and Non-Interest-Bearing Accounts$5,578,256$350,763▼ $5,227,493
Savings and Temporary Cash Investments$258,529$266,662▲ $8,133
Inventories for Sale or Use$255,505$242,226▼ $13,279
Total Assets$128,282,836$119,563,076▼ $8,719,760
Other Assets Total$27,761,174$14,319,976▼ $13,441,198
Liabilities
Tax Exempt Bond Liabilities$63,809,070$63,097,973▼ $711,097
Other Liabilities$22,603,873$28,523,015▲ $5,919,142
Accounts Payable and Accrued Expenses$28,432,070$19,873,902▼ $8,558,168
Mortgage Notes Payable Secured by Investment Property$3,649,836$4,157,967▲ $508,131
Deferred Revenue$125,697$111,839▼ $13,858
Total Liabilities$118,620,546$115,764,696▼ $2,855,850
Net Assets / Fund Balance
Net Assets With Donor Restrictions$12,582,982$10,954,152▼ $1,628,830
Net Assets Without Donor Restrictions$-2,920,692$-7,155,772▼ $4,235,080
Total Net Assets Fund Balance$9,662,290$3,798,380▼ $5,863,910
Total Liabilities and Net Assets / Fund Balance$128,282,836$119,563,076▼ $8,719,760

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$66,023,833$25,365,417$91,389,250
Equipment$9,360,986$13,881,225$23,242,211
Land$1,230,549-$1,230,549
Other Land Buildings$398,277$400,550$798,827
Other Assets Org$990,333--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$10,484,115-▼ $1,372,173-$9,111,942
2021$9,175,586-▲ $1,308,529-$10,484,115
2020$8,415,881-▲ $759,705-$9,175,586
2019$7,158,271-▲ $1,257,610-$8,415,881
2018$7,657,178-▼ $498,907-$7,158,271
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael McraePresident/CEOPT$368,308$137,035$505,343
Kim PetroneChief Medical OfficerFT$325,396$97,924$423,320
Brian L HeppardAttending PhysicianPT$308,009$49,146$357,155
Dennis KantSVP/CFOPT$237,394$69,418$306,812
Brian DayPhysicianFT$222,002$49,887$271,889
Susan MurtyVP AdministratorPT$207,791$63,436$271,227
Krupa ShahPhysicianFT$194,467$62,577$257,044
Robert BourgVP of Organizational DevelopmentPT$204,666$49,086$253,752
Jennifer BlackchiefVP Strategy and Housing-$191,444$45,989$237,433
Cynthia Anne LovetroDirector of NursingFT$187,633$47,555$235,188
Amadu JallohNursing SupervisorFT$219,475$13,116$232,591
Eileen Ryan-marukeVP of MarketingPT$165,472$54,017$219,489
Aaron FieldsChief Information OfficerPT$156,541$43,787$200,328
Sabrina McleodFinance DirectorPT$145,663$23,274$168,937

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Select Rehabilitation LLCAgency Staff2600 COMPASS RD, Glenview, IL 60026$1,301,295
Medical Staffing Networkassignment AmerAgency Staff6551 PARK OF COMMERCE BLVD, Boca Raton, FL 33487$311,861
Prolink Healthcare LLCAgency Staff4600 MONTGOMERY RD SUITE 300, Cincinnati, OH 45212$212,738
Burke GroupFinacial Advisor80 LINDEN OAKS DRIVE SUITE 210, Rochester, NY 14625$197,700
Strong Medical Partners LLCMedical Supplies4039 GENESEE ST, Buffalo, NY 14225$111,323
Revenue and Support

Revenue Composition

Contributions and Grants
$7,820,748
Program Service Revenue
$47,755,704
Investment Income
$1,781,596
Other Revenue
$2,743,380
All Other Contributions
$706,046
Change in Net Assets
$-8,637,469

Audited Revenue Reconciliation

Revenue per Audited Statements
$56,517,330
Revenue Not Reported on Financial Statements
$3,584,098
Revenue Not Reported on Form 990
$2,790,323
Other Revenue Adjustments
$3,584,098
Total Revenue per Audited Statements
$59,307,653
Total Revenue per Form 990
$60,101,428
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$45,285,334
Other Expenses$23,453,563
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$30,911,033$5,216,098-$36,127,131
Depreciation Depletion$4,480,172--$4,480,172
Other Employee Benefits$2,731,562$533,643-$3,265,205
Fees for Services Other$2,754,999$485,962-$3,240,961
Payroll Taxes$2,228,014$435,268-$2,663,282
Pension Plan Contributions$2,013,602$393,381-$2,406,983
Information Technology-$1,910,523-$1,910,523
Interest$1,676,179--$1,676,179
Occupancy$1,488,200$3,627-$1,491,827
Other Expenses$922,633$9,910-$932,543
Current Officers, Directors, Trustees, and Key Employees-$822,733-$822,733
Insurance$811,064--$811,064
Office Expenses$487,052$239,128-$726,180
All Other Expenses$203,984--$203,984
Fees for Services Legal-$112,414-$112,414
Advertising$35,857$55,507-$91,364
Travel$18,339$34,891-$53,230
Fees for Services Accounting-$45,850-$45,850
Fees for Service Investment Mgmnt Fees-$27,409-$27,409
Total Functional Expenses$57,269,679$11,469,218$0$68,738,897

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$68,758,190
Total Expenses per Form 990$68,738,897
Total Expenses per Audited Statements$65,174,092
Expenses Not Reported on Financial Statements$-19,293
Other Expense Adjustments$-46,702
Expenses Not Reported on Form 990$-3,584,098
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Mauricio RiverosBoard MemberMAURICIO IS A CURRENT BOARD MEMBER AND PRESIDENT/CEO OF THE PIKE GROUP, WHO OWNS LECESSE CONSTRUCTION. ST ANN'S ENGAGES LECESSE CONSTRUCTION FOR CONSTRUCTION PROJECTS.No$9,360,260
Michelle AshbyBoard MemberMICHELLE ASHBY IS A CURRENT BOARD MEMBER AND PRESIDENT/CEO OF TIPPING POINT MEDIA. ST ANN'S ENGAGES TIPPING POINT MEDIA FOR MARKETING CONSULTING.No$115,161
Anna LynchBoard MemberANNA LYNCH IS A CURRENT BOARD MEMBER AND MANAGING PARTNER OF UNDERBERG & KESSLER, LLP. ST ANN'S ENGAGES UNDERBERG AND KESSLER FOR LEGAL SERVICES.No$102,841
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$27,186,700
Deferred Compensation$840,939
Estimated Third Party Payor Settlement$363,849
Operating Lease - Current and Long Term$131,527

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMonroe County Industrial Dev Corp2019-12-30$69,470,902To refund rev bond, series 2014 and new financing for construction project

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$69,470,902$486,903$1,389,601$886,704

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
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
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The information for the report is prepared by st ann's staff, provided and reviewed by the bonadio group. Final reports are reviewed by the st. Ann's finance team, including the director of finance and cfo, and provided to ceo and board members prior to review at the board meeting. Copies of the reports are distributed at a subsequent board meeting at which time the reports are approved.

Form 990, Part VI, Section B, Line 12C

All board members (including the president and ceo) are required to annually complete and sign a conflict of interest disclosure statement. The forms are then reviewed by the vp of organizational development and any potential conflicts are dealt with as needed including abstaining from voting on matters related to such conflicts. Any person covered by the policy shall not knowingly use his or her position for personal gain, to compromise st. Ann's interests, or to allow a conflict to arise between st. Ann's interest and his or her personal interest.

Form 990, Part VI, Section B, Line 15

Each year an independent wage study is conducted by a consultant. Directors and above, except ceo, are reviewed by vp or hr and ceo with adjustments made to maintain competitiveness. Ceo data is reviewed by a committee including the board chair, past board chair and hr board chair. Adjustments made as needed to maintain market competitiveness.

Form 990, Part VI, Section C, Line 19

Financial statements, conflict of interest policy and governing documents are made available to the public upon request.

FORM 990, PART VII, SECTION A:

All officers and employees reported on part vii are full time employees of the st. Ann's community (st. Ann's home for the aged ("sah") and related organizations) working an average of 40 hours per week. Hours reported in column b of part vii are the average hours related to work performed for sah.

Filing and Contact Details

Filer

Filer Name
ST ANN'S HOME FOR THE AGED
EIN
16-0743146
Phone
5856976000
Address
1500 PORTLAND AVE, ROCHESTER, NY 14621

Signing Officer

Name
Kevin Brown
Title
CFO & Senior Vice President
Phone
5856976307
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Brown
Formed
1874
Legal Domicile
Ny
Voting Board Members
21
Independent Board Members
17
Employees
1,526
Volunteers
96

Preparer

Firm
Bonadio & Co Llp
Address
171 SULLYS TRAIL, PITTSFORD, NY 14534
Preparer
Richard Leicht
Phone
5853811000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Pension liability adjustment 6,550,524. Change in value of beneficial interest in remainder trusts -343,854. Change in value of beneficial interest in perpetual trusts -95,177. Change in interest in net assets of st. Ann's foundation, inc. 182,374. Nonoperating contribution -44,173.

FORM 990, PART XII, LINE 2C:

No change from prior year.

Financial Statement Notes

PART V, LINE 4:

Income from endowment funds are to be used for it's corporate purpose.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Pension liability adjustment 6,550,524. Change in value of beneficial interest in remainder trusts -343,854. Change in value of beneficial interest in perpetual trusts -95,177. Change in interest in net assets of st. Ann's foundation, inc. 182,374. Investment expenses -27,409.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Rental expenses -32,487. Support services 3,616,585.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses 32,487. Payments from affiliates -3,616,585.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Sisters of st. Joseph contribution -27,500. Loss on sale of equipment -16,673. Other contribution expense -2,529.

Raw XML AppendixShowing 400 of 1,216 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.

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IRS990/ActivityOrMissionDesc0PROMOTE INDEPENDENCE, PHYSICAL & SPIRITUAL WELL-BEING OF OLDER ADULTS IN A SKILLED NURSING FACILITY.
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IRS990/Desc0ST. ANN'S HOME FOR THE AGED (ST. ANN'S HOME) IS A 470 BED LICENSED SKILLED NURSING FACILITY THAT INCLUDED THESE SERVICES DURING THE 2021 FISCAL YEAR: SKILLED NURSING CARE PROVIDED A TOTAL OF 110,377 DAYS OF CARE. INCLUDED IN THESE NUMBERS ARE BED DAYS FOR OUR WEGMAN TRANSITIONAL CARE CENTER, THAT PROVIDES 72 BEDS OF SKILLED NURSING CARE, OUR SPECIAL CARE UNIT, A 36-BED UNIT DEDICATED TO THE CARE FOR THOSE LIVING WITH DEMENTIA, AS WELL AS A 34-BED TRANSITIONAL CARE UNIT DEDICATED TO PROVIDING SHORT TERM POST-ACUTE REHABILITATION. OUR TRANSITIONAL CARE CENTER PROGRAM PROVIDED A TOTAL OF 10,658 DAYS OF CARE.
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