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← ST MARYS RESIDENCE

Form 990 for tax year 2023

Filed by ST MARYS RESIDENCE.

Totals

Total revenue
$2,040,333
Total expenses
$2,149,659
Contributions and grants received
$10,721
Grants paid
$0
Program service revenue
$1,991,113
Investment income
$38,499
Other revenue
$0
Total assets, end of year
$4,151,304
Total liabilities, end of year
$1,963,590
Net assets or fund balances, end of year
$2,187,714
Program services expenses (Part IX)
$2,147,209
Management and general expenses
$2,450
Fundraising expenses
$0
Program service expenses (Part III)
$2,147,209

Program services were 99.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $10,721

  • 2a · Program service revenue: Residential services

    total $1,991,113 · related or exempt $1,991,113

  • 3 · Investment income

    total $38,499 · excluded $38,499

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,450 · management and general $2,450

  • 11g · Fees: other

    total $495,980 · program services $495,980

  • 13 · Office expenses

    total $28,419 · program services $28,419

  • 16 · Occupancy

    total $1,300,785 · program services $1,300,785

  • 20 · Interest

    total $118,958 · program services $118,958

  • 22 · Depreciation, depletion and amortization

    total $127,035 · program services $127,035

  • 23 · Insurance

    total $1,412 · program services $1,412

  • 24a · Other expenses: Maintenance and repairs

    total $74,620 · program services $74,620

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,638,133 · end of year $2,233,517

  • 2 · Savings and temporary cash investments

    beginning of year $116,997 · end of year $122,880

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,634 · end of year $42,958

  • 10a · Land, buildings and equipment: cost or other basis

    $3,592,207

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,621,490

  • 10c · Land, buildings and equipment, net

    beginning of year $1,047,479 · end of year $970,717

  • 15 · Other assets

    beginning of year $916,633 · end of year $781,232

  • 17 · Accounts payable and accrued expenses

    beginning of year $72,440 · end of year $14,010

  • 23 · Secured mortgages and notes payable

    beginning of year $1,777,249 · end of year $1,644,363

  • 25 · Other liabilities

    beginning of year $199,147 · end of year $305,217

  • 27 · Net assets without donor restrictions

    beginning of year $1,689,157 · end of year $2,169,110

  • 28 · Net assets with donor restrictions

    beginning of year $7,883 · end of year $18,604

Mission and programs · 2023

Mission

The mission of St. Mary's Residences is to continue the healing ministry of the Catholic Church in the spirit of St. Marguerite d'Youville by providing preventive, curative, restorative, and supportive services with compassion and respect for everyone.

Activities or mission (Part I)

St. Mary's Residences offers 128 private apartments reserved exclusively for seniors and/or handicapped individuals. Residents have the independence of living on their own, with some extra help when needed.

  • St. Mary's Residences is a not-for-profit corporation which owns and operates an independent-living housing project in Lewiston, Maine. It consists of 128 private apartments reserved exclusively for the elderly and/or handicapped. It offers tenants the independence of living on their own with some extra help when needed. St. Mary's Residences' housing gives the elderly the opportunity to combine independent living with support services.

    Expenses $2,147,209 · Revenue $1,991,113

As filed on the 2023 return.

Listed in Part VII

  • Jeffery Davila MD

    Director

    Total calculated
    $693,543
    From this org
    $0
    From related orgs
    $682,295
    Other
    $11,248
    Hours/week
    0.2 + 40.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $677,496 related
    Bonus
    $0
    Other
    $0 + $4,799 related
    Deferred
    $0 + $9,701 related
    Nontaxable benefits
    $0 + $1,547 related
    Filer's total
    $0 + $693,543 related

  • Anne Brown MD

    Director (end 11/2023)

    Total calculated
    $191,647
    From this org
    $0
    From related orgs
    $152,877
    Other
    $38,770
    Hours/week
    0.3 + 40.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $152,087 related
    Bonus
    $0
    Other
    $0 + $790 related
    Deferred
    $0 + $4,831 related
    Nontaxable benefits
    $0 + $33,939 related
    Filer's total
    $0 + $191,647 related

  • David Geiger Esq

    Director

    Total calculated
    $0
    Hours/week
    0.3 + 0.6 related

  • Ralph Harder MD

    Director

    Total calculated
    $0
    Hours/week
    0.6 + 1.2 related

  • Lena Jo Hartley

    Director

    Total calculated
    $0
    Hours/week
    0.6 + 1.2 related

  • John Isaacson

    Director

    Total calculated
    $0
    Hours/week
    0.3 + 0.6 related

  • Deacon Denis Mailhot

    Director

    Total calculated
    $0
    Hours/week
    0.3 + 0.6 related

  • Kathy McManus

    Director

    Total calculated
    $0
    Hours/week
    0.6 + 1.2 related

  • Steve Ouellette

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Mark Anthoine

    Chair

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Stephen Grubbs

    Covenant Health, President & CEO

    Total calculated
    $841,706
    From this org
    $0
    From related orgs
    $803,102
    Other
    $38,604
    Hours/week
    0.1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $773,120 related
    Bonus
    $0
    Other
    $0 + $29,982 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $28,704 related
    Filer's total
    $0 + $841,706 related

  • Cindy Segar-Miller

    President & CEO

    Total calculated
    $177,283
    From this org
    $0
    From related orgs
    $177,283
    Other
    $0
    Hours/week
    0.1 + 40.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $177,283 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $177,283 related

  • Steve Jorgensen

    President & CEO (end 8/2023)

    Total calculated
    $795,404
    From this org
    $0
    From related orgs
    $772,789
    Other
    $22,615
    Hours/week
    0.1 + 40.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $435,730 related
    Bonus
    $0
    Other
    $0 + $337,059 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $12,715 related
    Filer's total
    $0 + $795,404 related

  • Joseph Marino

    CFO & Treasurer

    Total calculated
    $223,716
    From this org
    $0
    From related orgs
    $221,388
    Other
    $2,328
    Hours/week
    0.1 + 40.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $220,008 related
    Bonus
    $0
    Other
    $0 + $1,380 related
    Deferred
    $0 + $1,500 related
    Nontaxable benefits
    $0 + $828 related
    Filer's total
    $0 + $223,716 related

  • Donald Bevers

    CFO & Treasurer (end 4/2023)

    Total calculated
    $289,235
    From this org
    $0
    From related orgs
    $263,613
    Other
    $25,622
    Hours/week
    0.1 + 40.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $262,791 related
    Bonus
    $0
    Other
    $0 + $822 related
    Deferred
    $0 + $788 related
    Nontaxable benefits
    $0 + $24,834 related
    Filer's total
    $0 + $289,235 related

  • Cynthia Scott

    Secretary

    Total calculated
    $89,463
    From this org
    $0
    From related orgs
    $73,894
    Other
    $15,569
    Hours/week
    0.1 + 40.2 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
Any compensation paid to the trustees, directors, officers or key employees of the Organization is subject to the oversight and decisions of Covenant Health, a related tax-exempt organization. Every two-to-three years the Compensation Committee of the Covenant Health Board of Directors engages an external consultant to provide competitive market data from various survey sources, which is then used to develop recommendations for changes to the compensation program. Since 2003, the Compensation Committee has engaged a human resources consultant to conduct this analysis. Objectives of the analysis are to assess the compositeness of the total cash compensation levels of the senior leadership team, develop market based competitive salary ranges for all executive positions, and ensure that the annual incentive opportunities, if there are any, are competitive and reasonable.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Campus Holding

    C · Holding company · ME

  • Covenant Health Insurance LTD

    C · Self-insurance company · CJ

  • GNM Corporation

    C · Real estate holding company · NH

  • SJ Physicians Services

    C · Physician practice · NH

  • St Joseph Corporate Services Inc

    C · Holding company · NH

  • Strauss Incorporated

    C · Repairs and transcriptions · ME

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202403199349310530

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