Saint Joseph's Tower Inc

Nonprofit profile at a glance

EIN
311040468
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Livonia, MI, USA
Phone
2192323512
Rating
61
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$1,052,860
Expenses
$1,121,312
Assets
$1,066,108
Liabilities
$3,279,903

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

Leadership & pay

20 people listed

Executive titles in this filing

  • DANIEL DRAKE (DIRECTOR, PRESIDENT & CEO AS OF 7/24)
  • JACLYN HARRIS (DIRECTOR, PRESIDENT & CEO THR 7/24)
  • DAVID DEFRAIN (VICE PRESIDENT OF FINANCE)

Highest reported compensation

  • BENJAMIN CARTER (DIR; CHAIR AT 1/25; TRIN EVP & COO): $3,488,982 total reported compensation
  • DANIEL ISACKSEN (DIRECTOR AT 1/25; TRINITY EVP, CFO): $2,827,147 total reported compensation
  • DANIEL ROTH MD (DIR AT 1/25; TRIN CHIEF CLIN OFFCR): $2,494,986 total reported compensation

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

Overview

Mission

We, trinity senior living communities and trinity health, serve together in the spirit of the gospel as a compassionate and transforming healing presence in our communities.saint joseph's tower is a member of the trinity senior living communities and trinity health.

What it reported doing in 2024

Saint joseph's tower (aka sanctuary at trinity tower) is located in south bend, Indiana and offers 84 affordable independent living units for self-reliant, low income senior residents under the hud section 8 program. Residents are elders or disabled adults who are generally healthy and able to care for themselves, can communicate with doctors and caregivers by themselves, prefer to live among their peers and no longer choose to maintain a house. Residents can enjoy life-enriching community activities, going on group outings or just relaxing without maintenance worries.for additional information on facilities and services, please visit our website at: www.trinityhealthseniorcommunities.org/sanctuary-at-trinity-tower-south-bend

Operating model

Revenue model
Grant-funded. 67% of the money available for current operations came from government grants.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 65
  • Accountability: 32
  • Sustainability: 23
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.6%; rating input score 88
  • Program expense ratio: 82.3%; rating input score 82
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 22nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • 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: -6.5%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 0.95; rating input score 41; 41st percentile among comparable filings
  • Liabilities to assets ratio: 3.08; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 137.9%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: 0.5% per year; rating input score 100; 20th percentile among comparable filings
  • Revenue growth: 1.2% per year; rating input score 100; 20th percentile among comparable filings
  • Asset growth: -6.4% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 87.6% of revenue deployed · 82.3% of spending went to programs
  • Governance: 0 of 7 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $923K in reported program spending
  • Leadership: top reported pay $3.5M · 20 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $121K reported
  • Consistency: 28 of 29 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 308 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.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Operating margin scored 22/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.