THE FRASSATI RESIDENCE D/B/A THE VILLA AT SAINT ANTOINE

EIN: 050511505 501(c)(3) Human Services

NORTH SMITHFIELD, RI

Total Revenue
$5,073,157
Total Expenses
$5,266,752
Total Assets
$5,592,339
Net Assets
$1,929,033
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
RI
Principal Officer
MSGR ALBERT A KENNEY
Phone
4017672574
Tax Period
2024-01-01 to 2024-12-31

THE FRASSATI RESIDENCE D/B/A THE VILLA AT SAINT ANTOINE, founded in 1999, is a community nonprofit in the Human Services sector that reported $5.1M in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE VILLA AT SAINT ANTOINE IS TO PROVIDE ASSISTED LIVING AND MEMORY CARE FOR THE ELDERLY OF OUR DIOCESE AND COMMUNITY IN ADDITION TO STRENGTHENING EACH RESIDENT AND FAMILY WITH A COMPASSIONATE, CARING AND CHRISTIAN ENVIRONMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,799
Program Service Revenue $5,030,750
Investment Income $35,608
Other Revenue $0
TOTAL REVENUE $5,073,157

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,147,546
Fundraising Expenses $0
Program Expenses $4,397,714
Other Expenses $2,119,206
TOTAL EXPENSES $5,266,752

Year-over-Year Comparison

2024 2023 Change
Revenue $5,073,157 $5,056,038 +0.0%
Expenses $5,266,752 $4,959,315 +0.1%
Net Income $-193,595 $96,723 -3.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
N/A
Employees
92
Volunteers
2

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$619,913
Total Directors
5
$616,197
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MOST REVEREND RICHARD HENNING PRESIDENT/TREASURER UNTIL 10/24 1.00
Officer Director
$0 $26,376 $65,526
REV MSGR ALBERT A KENNEY VP UNTIL 10/24, PRESIDENT/TREASURER 1.00
Officer Director
$0 $31,742 $88,705
REV TIMOTHY D REILLY SECRETARY 1.00
Officer Director
$0 $20,942 $54,038
LAURA DOS SANTOS ASSISTANT TREASURER 4.00
Officer Director
$0 $19,547 $245,558
JAMES JAHNZ DIRECTOR 1.00
Director
$0 $14,693 $162,370
TAMMY SUMMIEL EXECUTIVE DIRECTOR 40.00
Officer
$113,643 $52,443 $166,086
CHERYL GOMES DIRECTOR OF NURSING 40.00
Highest
$109,313 $46,532 $155,845
SOPHOEUN SOPHEAP LICENSED PRACTICAL NURSE 40.00
Highest
$102,633 $3,727 $106,360
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $5,073,157 $5,266,752 $5,592,339 $-193,595
2023 $5,056,038 $4,959,315 $6,150,878 $96,723
2022 $4,955,620 $4,736,907 $6,363,035 $218,713
2021 $5,492,674 $4,578,078 $6,613,216 $914,596
2020 $5,100,006 $4,639,077 $6,202,663 $460,929
2019 $4,806,027 $4,341,864 $6,129,412 $464,163
2018 $4,270,218 $4,294,261 $6,621,534 $-24,043
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