St Ann's Home for the Aged Corp

Nonprofit profile at a glance

EIN
222823794
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Jersey City, NJ, USA
Phone
2014330950
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Nursing, Convalescent Facilities

Reported finances

Revenue
$17,342,793
Expenses
$17,627,381
Assets
$30,762,703
Liabilities
$11,692,093

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

Leadership & pay

9 people listed

Executive titles in this filing

  • KYLE HREBEN MBA LNHA (Trustee (Ex Off.) - CEO)

Highest reported compensation

  • KYLE HREBEN MBA LNHA (Trustee (Ex Off.) - CEO): $343,668 total reported compensation
  • ELIZABETH BAMBALAN-RATA (DIRECTOR OF NURSING): $201,647 total reported compensation
  • ROBERT REYES LNHA (Trustee (Ex Off.)-Administrat): $185,958 total reported compensation

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

Overview

Mission

Peace care st. Ann's provides charitable long-term, post-acute, outpatient theraphy, and adult medical day care services in a home-like setting. Rooted in the values of the sisters of st. Joseph of peace, the organization is committed to providing care with dignity and healing of the whole person, while advancing education and supporting caregivers and healthcare professionals.

What it reported doing in 2024

St. Ann's home for the aged corp d/b/a peace care st. Ann's (the "home") is a nonprofit organization which operates a 120-bed home in jersey city, New Jersey. The home provides long-term, post-acute and respite care services as well as an outpatient rehabilitation program. Post-acute care is a short-term rehabilitation service provided to a patient following surgery, hospitalizations, injury, or a disability. The short-term rehabilitation services include skilled nursing, social services for the overall well-being of the patient, physical therapy, occupational therapy and/or speech therapy provided by highly trained staff. Therapy services are also offered as part of the outpatient rehabilitation program which includes transportation from and to the patient's home. Respite care is a short-term stay available for a variety of care levels for patients who need extra assistance before returning home after a hospital stay or simply for caretakers who need a break from taking care of their family member. In addition to providing long-term, post-acute and respite care services, the home also operates a 50-slot adult medical daycare unit.

Operating model

Revenue model
Earned-program. 97% 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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 79
  • Accountability: 95
  • Sustainability: 39
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.5%; rating input score 86
  • Program expense ratio: 85.6%; rating input score 86
  • Fundraising efficiency: $22.02 raised per $1 spent on fundraising; rating input score 59; 59th 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: -1.6%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 1.75; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0.38; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 4.7%; rating input score 54; 54th percentile among comparable filings

Growth

  • Program expense growth: 0.5% per year; rating input score 100; 12th percentile among comparable filings
  • Revenue growth: 1.9% per year; rating input score 100; 17th percentile among comparable filings
  • Asset growth: 0.9% per year; rating input score 100; 13th percentile among comparable filings

Details

  • Where the money goes: 85.5% of revenue deployed · 85.6% of spending went to programs
  • Governance: 3 of 3 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $15.1M in reported program spending
  • Leadership: top reported pay $344K · 9 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $174K reported
  • Consistency: 39 of 39 current checks pass
  • Schedules: 9 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Financial Efficiency: Fundraising efficiency scored 59/100.
  • High — Sustainability: Operating margin scored 24/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.
  • Review — Sustainability: Officer compensation ratio scored 54/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.