St Ann's Senior Housing Inc
Nonprofit profile at a glance
- EIN
- 760705854
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Rochester, NY, USA
- Phone
- 5856976000
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Supportive Housing for Older Adults
Reported finances
- Revenue
- $12,336,382
- Expenses
- $10,396,222
- Assets
- $32,883,380
- Liabilities
- $33,036,904
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
29 people listed
Executive titles in this filing
- MICHAEL E MCRAE (PRESIDENT/CEO)
- RENE N BARNES (ADMINISTRATOR - EXECUTIVE DIRECTOR)
Highest reported compensation
- MICHAEL E MCRAE (PRESIDENT/CEO): $560,826 total reported compensation
- BRIAN L HEPPARD (ATTENDING PHYSICIAN): $481,374 total reported compensation
- ROBERT S BOURG (SVP ORGANIZATIONAL DEVELOPMENT): $289,660 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
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, 78 independent living apartment units, 75 assisted living suites; and assisted living memory center (24 of the 75 units).
What it reported doing in 2024
St. Ann's senior housing, inc. Operates as cherry ridge offering 55 independent living cottage units, 71 independent living apartment units, 51 assisted living suites, and assisted living memory center (24 of the 51 units). During 2024, cherry ridge provided 69,090 days of housing for seniors. Among its support services are transportation, on-site geriatric primary care, and priority access to higher levels of care.
Operating model
- Revenue model
- Earned-program. 94% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 65
- Accountability: 81
- Sustainability: 68
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.4%; rating input score 69
- Program expense ratio: 84%; rating input score 84
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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: 82.6%; rating input score 83; 17th 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: 15.7%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 3.16; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 1; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 1.8%; rating input score 78; 78th percentile among comparable filings
Growth
- Program expense growth: 2.6% per year; rating input score 100; 23rd percentile among comparable filings
- Revenue growth: 2.8% per year; rating input score 100; 24th percentile among comparable filings
- Asset growth: -1.2% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 69.4% of revenue deployed · 84% of spending went to programs
- Governance: 19 of 23 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $8.7M in reported program spending
- Leadership: top reported pay $561K · 29 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $408K reported
- Consistency: 30 of 30 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Related organizations: 10 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 — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 6/100.