Elizabeth Seton Residence Inc

Nonprofit profile at a glance

EIN
042648872
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Wellesley Hills, MA, USA
Phone
7819971100
Rating
81
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$16,142,421
Expenses
$15,516,300
Assets
$6,601,248
Liabilities
$2,446,809

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

20 people listed

Highest reported compensation

  • KAY MOULTON (CHARGE NURSE): $259,284 total reported compensation
  • PIERRE GUERDA (CHARGE NURSE): $215,510 total reported compensation
  • LORI FERRANTE (ADMINSTRATOR): $215,486 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission at elizabeth seton residence calls us to provide compassionate, caring service and to create an atmosphere where all feel welcome and respected. We are an 84-bed skilled nursing and rehabilitation facility, providing care to the elderly. The spirit of saint elizabeth ann seton inspires all aspects of life at the elizabeth seton residence. The organization's goal is to reflect mother seton's mission in the everyday care of our residents and interactions among staff members. Elizabeth seton residence endeavors to meet the physical, psychological, emotional, cultural and spiritual needs of our residents.

What it reported doing in 2024

The elizabeth seton residence is an 84-bed not for profit catholic skilled nursing and rehabilitation facility located in wellesley hills, Massachusetts. It was first opened by the sisters of charity (halifax) in 1980 and was renovated in 2010 to support person-centered care and a more homelike environment. All are welcome regardless of religion, race, ethnic background, gender or national origin.we provide compassionate long term care, palliative care, hospice and respite stays in an environment that provides medical, spiritual, and social support of residents and their families. Our dedicated 24 bed short-term rehabilitation unit provides exceptional therapy and nursing care to those requiring skilled intervention prior to returning home. After an illness or surgery. The residence is medicare and medicaid certified and we are proud of our cms 5-star quality rating. We were named a top performing nursing home by us news and world report for the past six years and consistently meet or exceed state and national quality standards.

Operating model

Revenue model
Earned-program. 86% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 79
  • Accountability: 95
  • Sustainability: 35
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.2%; rating input score 85
  • Program expense ratio: 88.6%; rating input score 89
  • Fundraising efficiency: $12.24 raised per $1 spent on fundraising; rating input score 44; 44th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.9%; rating input score 50; 50th percentile among comparable filings
  • Total-asset coverage ratio: 0.43; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: 0.37; rating input score 39; 39th percentile among comparable filings
  • Officer compensation ratio: 8.2%; rating input score 29; 29th percentile among comparable filings

Growth

  • Program expense growth: 5.2% per year; rating input score 100; 43rd percentile among comparable filings
  • Revenue growth: 5.3% per year; rating input score 100; 47th percentile among comparable filings
  • Asset growth: -1.2% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 85.2% of revenue deployed · 88.6% of spending went to programs
  • Governance: 14 of 14 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $13.7M in reported program spending
  • Leadership: top reported pay $259K · 20 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $1.5M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 44/100.
  • High — Sustainability: Total-asset coverage ratio scored 12/100.
  • Review — Sustainability: Operating margin scored 50/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 29/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 39/100.