Civic Intelligence

St Ann'S Senior Housing Inc

EIN 76-0705854 • 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. To fulfill this mission, st. Ann's community offers a continuum of services for seniors in the greater rochester area. St. Ann's community otherwise known as st. Ann's of greater rochester, inc. Delivers these services 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 senior housing inc. Operates as cherry ridge offering 55 entry-fee cottages, 71 moderate income rental apartment homes, 75 assisted living suites; and assisted living memory center (24 of the 75 units).

1500 Portland AvenueRochester, NY 14621

www.cherryridgecommunity.com

Siviq Scores

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

Liabilities / Assets

96th percentile

1.00x

Higher debt load relative to assets than 96% of similar nonprofits.

NTEE P • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

2.68x

Higher debt load relative to revenue than 94% of similar nonprofits.

NTEE P • $25M-$50M nonprofits • Source year 2024

Net Margin

80th percentile

16%

Higher net margin than 80% of similar nonprofits.

NTEE P • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

91st percentile

$560,826

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

NTEE P • $25M-$50M nonprofits • Source year 2024

Asset Growth

22nd percentile

-0.9%

Faster asset growth than 22% of similar nonprofits.

NTEE P • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

50th percentile

8.2%

Faster revenue growth than 50% of similar nonprofits.

NTEE P • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Down

$32,883,380

Down $303,698 (-0.9%) from 2023

Liabilities

Down

$33,036,904

Down $1,946,559 (-5.6%) from 2023

Net Assets

Up

-$153,524

Up $1,642,861 (+91%) from 2023

Revenue

Up

$12,336,382

Up $933,046 (+8.2%) from 2023

Expenses

Down

$10,396,222

Down $398,283 (-3.7%) from 2023

Net Income

Up

$1,940,160

Up $1,331,329 (+219%) from 2023

Trend Graphs

Balance Sheet Trend

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

$60M$40M$20M$0-$20MAssets 2010: $42,871,931Liabilities 2010: $52,108,484Net Assets 2010: -$9,236,5532010Assets 2011: $40,815,619Liabilities 2011: $50,664,853Net Assets 2011: -$9,849,2342011Assets 2012: $39,390,749Liabilities 2012: $49,003,493Net Assets 2012: -$9,612,7442012Assets 2013: $38,337,640Liabilities 2013: $46,744,622Net Assets 2013: -$8,406,9822013Assets 2014: $34,082,866Liabilities 2014: $43,231,453Net Assets 2014: -$9,148,5872014Assets 2015: $33,018,066Liabilities 2015: $41,436,663Net Assets 2015: -$8,418,5972015Assets 2016: $32,526,606Liabilities 2016: $39,800,301Net Assets 2016: -$7,273,6952016Assets 2017: $33,600,702Liabilities 2017: $39,440,635Net Assets 2017: -$5,839,9332017Assets 2018: $32,623,952Liabilities 2018: $37,504,496Net Assets 2018: -$4,880,5442018Assets 2019: $34,520,453Liabilities 2019: $39,204,929Net Assets 2019: -$4,684,4762019Assets 2020: $36,259,972Liabilities 2020: $40,562,212Net Assets 2020: -$4,302,2402020Assets 2021: $34,990,884Liabilities 2021: $38,199,066Net Assets 2021: -$3,208,1822021Assets 2022: $33,574,333Liabilities 2022: $36,265,975Net Assets 2022: -$2,691,6422022Assets 2023: $33,187,078Liabilities 2023: $34,983,463Net Assets 2023: -$1,796,3852023Assets 2024: $32,883,380Liabilities 2024: $33,036,904Net Assets 2024: -$153,5242024

Highlighted filing

2024

Assets$32,883,380
Liabilities$33,036,904
Net Assets-$153,524

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $7,900,3662010Expenses 2011: $8,249,2832011Expenses 2012: $8,892,9842012Revenue 2013: $8,871,666Expenses 2013: $8,460,882Net Income 2013: $410,7842013Revenue 2014: $8,904,037Expenses 2014: $8,287,820Net Income 2014: $616,2172014Revenue 2015: $8,863,251Expenses 2015: $8,029,857Net Income 2015: $833,3942015Revenue 2016: $9,002,492Expenses 2016: $8,086,624Net Income 2016: $915,8682016Revenue 2017: $9,295,640Expenses 2017: $8,022,416Net Income 2017: $1,273,2242017Revenue 2018: $9,039,070Expenses 2018: $8,373,133Net Income 2018: $665,9372018Revenue 2019: $9,538,021Expenses 2019: $8,468,553Net Income 2019: $1,069,4682019Revenue 2020: $10,278,334Expenses 2020: $9,427,909Net Income 2020: $850,4252020Revenue 2021: $11,488,120Expenses 2021: $9,487,507Net Income 2021: $2,000,6132021Revenue 2022: $10,369,947Expenses 2022: $10,456,385Net Income 2022: -$86,4382022Revenue 2023: $11,403,336Expenses 2023: $10,794,505Net Income 2023: $608,8312023Revenue 2024: $12,336,382Expenses 2024: $10,396,222Net Income 2024: $1,940,1602024

Highlighted filing

2024

Revenue$12,336,382
Expenses$10,396,222
Net Income$1,940,160

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.9$33.0$0.15$12.3$10.4$1.94
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.2$35.0$1.80$11.4$10.8$0.61
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.6$36.3$2.69$10.4$10.5$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.0$38.2$3.21$11.5$9.49$2.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.3$40.6$4.30$10.3$9.43$0.85
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.5$39.2$4.68$9.54$8.47$1.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.6$37.5$4.88$9.04$8.37$0.67
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.6$39.4$5.84$9.30$8.02$1.27
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.5$39.8$7.27$9.00$8.09$0.92
2015Detailed filing. Detailed filing data is available for this year.$33.0$41.4$8.42$8.86$8.03$0.83
2014Detailed filing. Detailed filing data is available for this year.$34.1$43.2$9.15$8.90$8.29$0.62
2013Detailed filing. Detailed filing data is available for this year.$38.3$46.7$8.41$8.87$8.46$0.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.4$49.0$9.61$8.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.8$50.7$9.85$8.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.9$52.1$9.24$7.90
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 8, 2022
Return Version
2021v4.2
Gross Receipts
$11,488,120
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. To fulfill this mission, st. Ann's community offers a continuum of services for seniors in the greater rochester area. St. Ann's community otherwise known as st. Ann's of greater rochester, inc. Delivers these services 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., st. Ann's senior housing, inc., and st. Ann's greens of leroy, inc.st. Ann's senior housing inc. Operates as cherry ridge offering 55 independent living cottage units, 71 independent living apartment units, 75 assisted living suites; and assisted living memory center (24 of the 75 units).

Promote independence, physical and spiritual well-being of older adults through senior housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$28,043,825$26,864,741▼ $1,179,084
Investments in Publicly Traded Securities$3,796,984$3,833,894▲ $36,910
Cash and Non-Interest-Bearing Accounts$408,792$777,513▲ $368,721
Accounts Receivable$151,502$121,783▼ $29,719
Inventories for Sale or Use$53,571$41,413▼ $12,158
Prepaid Expenses and Deferred Charges$27,236$23,245▼ $3,991
Savings and Temporary Cash Investments-$10,002-
Total Assets$36,259,972$34,990,884▼ $1,269,088
Other Assets Total$3,778,062$3,318,293▼ $459,769
Liabilities
Tax Exempt Bond Liabilities$25,565,344$25,298,664▼ $266,680
Other Liabilities$12,507,626$9,583,911▼ $2,923,715
Accounts Payable and Accrued Expenses$1,989,509$2,634,558▲ $645,049
Deferred Revenue$499,733$681,933▲ $182,200
Total Liabilities$40,562,212$38,199,066▼ $2,363,146
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-4,302,240$-3,208,182▲ $1,094,058
Total Net Assets Fund Balance$-4,302,240$-3,208,182▲ $1,094,058
Total Liabilities and Net Assets / Fund Balance$36,259,972$34,990,884▼ $1,269,088

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$22,260,737$13,324,053$35,584,790
Land$2,939,188-$2,939,188
Equipment$805,972$815,148$1,621,120
Other Land Buildings$858,844$371,796$1,230,640
Other Assets Org$868,396--
Compensation and Service Providers

Board Members and Trustees

NameTitle
John HayesBoard Chair Elect
Ron SalluzzoChair
Michael McraePresident/CEO
Anna LynchDirector
Carmen IndianoDirector
Cheryl RyanDirector
Craig BurtonDirector
Dan AdamsDirector
Deb SchauseilDirector
Dr Bridgette WieflingDirector
Edmond AkubuiroDirector
James SmithDirector
Joseph StankaitisDirector
Joseph WesleyDirector
Mark CroninDirector
Maruricio RiverosDirector
Melissa GardnerDirector
Michael PinchDirector
Michelle AshbyDirector
Nicole MarroDirector
Patricia RissoneDirector
Rev Robert SchraderDirector
Sr Marlene PapeDirector
Thomas CombsDirector
Sabrina McleodFinance Director
William RobinsonAssistant Administrator
Brian HeppardAttending Physician
Aaron FieldsChief Information Officer
Dennis KantSVP/CFO
James LeoTreasurer
Eileen Ryan-marukeVP of Marketing
Robert BourgVP of Organizational Development
Jennifer BlackcheifVP Strategy and Housing

Highest Paid Contractors

ContractorServicesLocationCompensation
US Foodservice INCFood & BeveragePO BOX 644547, Pittsburgh, PA 15264-4547$369,318
Town Of WebsterTaxes1000 RIDGE ROAD, Webster, NY 14580$179,675
Revenue and Support

Revenue Composition

Contributions and Grants
$1,001,917
Program Service Revenue
$9,654,288
Investment Income
$42,532
Other Revenue
$789,383
Change in Net Assets
$2,000,613

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,488,120
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-907,695
Total Revenue per Audited Statements
$10,580,425
Total Revenue per Form 990
$11,488,120
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,132,747
Salaries, Compensation, and Employee Benefits$4,353,620
Grants and Similar Amounts Paid$1,140
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,217,387$260,422-$3,477,809
Depreciation Depletion$1,439,258--$1,439,258
Interest$1,339,730--$1,339,730
Other Employee Benefits$577,817$46,770-$624,587
Occupancy$584,338$256-$584,594
Fees for Services Other$285,101$123,219-$408,320
Payroll Taxes$232,412$18,812-$251,224
Insurance$144,917--$144,917
Advertising-$109,867-$109,867
Other Expenses$-784,155$821,244-$37,089
Office Expenses$29,470$3,349-$32,819
Fees for Services Accounting-$17,000-$17,000
Information Technology-$16,782-$16,782
Fees for Services Legal-$5,659-$5,659
Grants to Domestic Orgs$1,140--$1,140
Travel$783--$783
Total Functional Expenses$8,041,484$1,446,023$0$9,487,507

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$9,487,507
Expenses per Audited Statements$9,486,367
Total Expenses per Audited Statements$9,486,367
Expenses Not Reported on Financial Statements$1,140
Other Expense Adjustments$1,140
Expenses Not Reported on Form 990$0
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 MEMBER OF ST. ANN'S COMMUNITYMAURICIO RIVEROS 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$10,522,498
Nicole MarroBOARD MEMBER OF ST. ANN'S COMMUNITYNICOLE MARRO IS A CURRENT BOARD MEMBER AND TRUST & ESTATE ATTORNEY OF THE BOND SHOENECK & KING. ST. ANN'S ENGAGES BOND SHOENECK & KING FOR PREPARATION OF CERTAIN LEADERSHIP ESTATE PLANS.No$86,269
Michelle AshbyBOARD MEMBER OF ST. ANN'S COMMUNITYMICHELLE ASHBY IS A CURRENT BOARD MEMBER AND PRESIDENT/CEO OF TIPPING POINT MEDIA. ST. ANN'S ENGAGES TIPPING POINT MEDIA FOR MARKETING CONSULTING.No$82,905
Joseph WesleyBOARD MEMBER OF ST. ANN'S COMMUNITYJOSEPH WESLEY IS A CURRENT BOARD MEMBER AND DIRECTOR AT WEGMANS FOOD MARKETS. ST. ANN'S ENGAGES WITH WEGMANS FOOD MARKETS FOR GOOD AND SUPPLIES.No$17,448
Anna LynchBOARD MEMBER OF ST. ANN'S COMMUNITYANNA LYNCH IS A CURRENT BOARD MEMBER AND MANAGING PARTNER OF UNDERBERG & KESSLER LLP. ST. ANN'S ENGAGES UNDERBERG & KESSLER FOR LEGAL SERVICES.No$3,744
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$5,427,548
Refundable Fees and Deposits$3,470,655
Security Deposits$685,708

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMonroe County Industrial Dev Corp2019-12-30$26,158,637To refund rev bond, series 2014

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$26,158,637-$255,597$334,027

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
No
Business relationship with family members
No
Business relationship with organization members
Yes
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 organziational 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 own 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, governing documents, and conflict of interest policy are made availble to the public upon request.

Filing and Contact Details

Filer

Filer Name
ST ANN'S SENIOR HOUSING INC
EIN
76-0705854
Phone
5856976000
Address
1500 PORTLAND AVENUE, ROCHESTER, NY 14621
Doing Business As
Cherry Ridge

Signing Officer

Name
Dennis Kant
Title
Senior Vice President & CFO
Phone
5856976307
Signed
2022-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Kant
Formed
2002
Legal Domicile
Ny
Voting Board Members
24
Independent Board Members
18
Employees
0
Volunteers
34

Preparer

Firm
Bonadio & Co Llp
Address
171 SULLYS TRAIL, PITTSFORD, NY 14534
Preparer
Amanda Della Sala
Phone
5853811000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Pension liability adjustment -901,128.

FORM 990, PART XII, LINE 2C:

No change from prior year.

FORM 990, PART V, LINE 2A:

All individuals working at st. Ann's senior housing, inc. D/b/a cherry ridge ("cr") are employees of st. Ann's home for the aged ("sah") and are reported on its form 941 under ein 16-0743146. The salary and benefits expenses reported on form 990, part ix are cr's allocated payroll costs based on time spent by the shared employees. Sah is an affiliated tax-exempt organization.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Contibution to related party -1,140. Pension liability adjustment -901,128.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Contribution to related party 1,140.

Raw XML AppendixShowing 400 of 1,059 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/ActivitiesConductedPrtshpInd00
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IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01500 PORTLAND AVENUE
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22PRESIDENT/CEO
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IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25SVP/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt26VP OF ORGANIZATIONAL DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt27VP STRATEGY AND HOUSING
IRS990/Form990PartVIISectionAGrp/TitleTxt28VP OF MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt29FINANCE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30CHIEF INFORMATION OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt31ASSISTANT ADMINISTRATOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32ATTENDING PHYSICIAN
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IRS990/MissionDesc0SINCE 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. TO FULFILL THIS MISSION, ST. ANN'S COMMUNITY OFFERS A CONTINUUM OF SERVICES FOR SENIORS IN THE GREATER ROCHESTER AREA. ST. ANN'S COMMUNITY OTHERWISE KNOWN AS ST. ANN'S OF GREATER ROCHESTER, INC. DELIVERS THESE SERVICES 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., ST. ANN'S SENIOR HOUSING, INC., AND ST. ANN'S GREENS OF LEROY, INC.ST. ANN'S SENIOR HOUSING INC. OPERATES AS CHERRY RIDGE OFFERING 55 INDEPENDENT LIVING COTTAGE UNITS, 78 INDEPENDENT LIVING APARTMENT UNITS, 75 ASSISTED LIVING SUITES; AND ASSISTED LIVING MEMORY CENTER (24 OF THE 75 UNITS).
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