St. Catherine's Village

What it reported doing in 2024

The village is Mississippi's first retirement community offering the security of all-inclusive life care. Nestled on 160 acres of rolling green hills and tall pine trees, the village overlooks a tranquil 15 acre stocked lake. Reminiscent of a quaint european village, the village is conveniently located in madison, Mississippi 7 miles north of jackson, the state's capitol city. The village offers a continuum of care featuring: i. 244 independent living units-multiple individuals in each unit including 54 garden homes ii. 120 skilled nursing beds located in three different areas of skilled nursing. Three locations-siena, tuscany and hughes center iii. Licensed nursing home with 120 beds iv. 60 capacity basic assisted living beds in marian hall v. 36 capacity alzheimer's assisted living beds in campbell cove the village is the first retirement community in Mississippi to earn accreditation by carf international. This "seal of approval" signifies that the village exceeds the standards of excellence as established by carf international. The village is a free standing not-for-profit, all-inclusive continuing care retirement community providing services to individuals over 62 years of age, and open to all faiths and races. The village is sponsored by the franciscan missionary of our lady sisters of baton rouge, Louisiana. The dominican sisters of springfield, Illinois, who owned and operated st. Dominic jackson memorial hospital from 1946 to 2019, extended their healing ministry to the special needs of older adults with the creation of the village.

Financial Efficiency

• Mission deployment rate: 68.4%; rating input score 68
• Program expense ratio: 73.7%; rating input score 74
• 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: 66.7%; rating input score 67; 11th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 16.1%; rating input score 78; 78th percentile among comparable filings
• Total-asset coverage ratio: 4.59; rating input score 83; 83rd percentile among comparable filings
• Liabilities to assets ratio: 0.49; rating input score 29; 29th percentile among comparable filings
• Officer compensation ratio: 5.3%; rating input score 48; 48th percentile among comparable filings

Growth

• Program expense growth: 2.4% per year; rating input score 100; 22nd percentile among comparable filings
• Revenue growth: 4.3% per year; rating input score 100; 38th percentile among comparable filings
• Asset growth: 10% per year; rating input score 100; 65th percentile among comparable filings