KATERI RESIDENCE

EIN: 133086309 501(c)(3)

NEW YORK, NY

Total Revenue
$3,565,634
Total Expenses
$266,679
Total Assets
$400
Net Assets
$400
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
NY
Principal Officer
SCOTT P LA RUE
Phone
6466334700
Tax Period
2019-01-01 to 2019-12-31

KATERI RESIDENCE, founded in 1981, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2019. The organization ran a surplus of $3.3M, a strong 93% operating margin.

Mission

A 520-BED SKILLED NURSING AND REHABILITATION CENTER WITH TWO 40-BED SUBACUTE UNITS, ARCHCARE AT KATERI SERVES THE UPPER WEST SIDE NEIGHBORHOOD OF MANHATTAN. OUR DEDICATED CLINICAL AND SUPPORT STAFF STRIVES TO FULFILL THE IDEALS OF BLESSED KATERI BY PROVIDING LOVING CARE TO ALL PATIENTS AND RESIDENTS IN A MANNER THAT BESPEAKS RESPECT, COMPASSION, SENSITIVITY AND CONCERN. WHETHER SEEKING SHORT-TERM REHABILITATION OR LONG-TERM CARE, OUR PATIENTS AND RESIDENTS BENEFIT FROM OUR PHILOSOPHY OF INDIVIDUALIZED CARE IN A HOME-LIKE SETTING.THOSE WHO REQUIRE SHORT-TERM REHABILITATION RESIDE ON ONE OF OUR TWO 40-BED SUBACUTE CARE UNITS. TO ACCOMMODATE A TIMELY RETURN OF OUR SUBACUTE CARE PATIENTS TO THEIR HOMES IN THE COMMUNITY, WE OFFER REHABILITATION SIX DAYS A WEEK. THIS SERVICE IS ALSO AVAILABLE TO OUR LONG-TERM CARE RESIDENTS. IN 2013, THE ORGANIZATION SOLD THE NURSING HOME AND IS IN THE PROCESS OF DISSOLVING.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,545,744
Investment Income $19,890
Other Revenue $0
TOTAL REVENUE $3,565,634

Expense Breakdown

Grants Paid $0
Salaries & Benefits $23,468
Fundraising Expenses $0
Program Expenses $236,078
Other Expenses $243,211
TOTAL EXPENSES $266,679

Year-over-Year Comparison

2019 2018 Change
Revenue $3,565,634 $3,535,266 +0.0%
Expenses $266,679 $1,117,933 -0.8%
Net Income $3,298,955 $2,417,333 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
20

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
$2,595,043
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT P LA RUE PRESIDENT/CEO 0.10
Officer
$0 $338,444 $1,584,565
ANNMARIE COVONE EXECUTIVE VP/CFO 0.10
Officer
$0 $193,457 $1,010,478
FRANCIS J SERBAROLIESQ CHAIRMAN 0.10
Officer Director
$0 $0 $0
THOMAS M O'BRIEN VICE-CHAIR 0.10
Officer Director
$0 $0 $0
TARA A CORTES SECRETARY 0.10
Officer Director
$0 $0 $0
JOHN T DUNLAP BOARD MEMBER 0.10
Director
$0 $0 $0
MSGR CHARLES J FAHEY BOARD MEMBER 0.10
Director
$0 $0 $0
THOMAS J FAHEY JR MD BOARD MEMBER 0.10
Director
$0 $0 $0
GT SWEENEY BOARD MEMBER 0.10
Director
$0 $0 $0
ERIC P FELDMANN BOARD MEMBER 0.10
Director
$0 $0 $0
KATHRYN ROONEY BOARD MEMBER 0.10
Director
$0 $0 $0
THOMAS E ALBERTO BOARD MEMBER 0.10
Director
$0 $0 $0
BISHOP GERALD WALSH BOARD MEMBER 0.10
Director
$0 $0 $0
JEFFREY HODGMAN BOARD MEMBER 0.10
Director
$0 $0 $0
CLARION JOHNSON BOARD MEMBER 0.10
Director
$0 $0 $0
RORY KELLEHER BOARD MEMBER 0.10
Director
$0 $0 $0
GENNARO VASILE BOARD MEMBER 0.10
Director
$0 $0 $0
KAREN GRAY BOARD MEMBER 0.10
Director
$0 $0 $0
GEORGE IRISH BOARD MEMBER 0.10
Director
$0 $0 $0
REV MSGR JOSEPH LAMORTE BOARD MEMBER 0.10
Director
$0 $0 $0
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
2019 $3,565,634 $266,679 $400 $3,298,955
2018 $3,535,266 $1,117,933 $5,838,706 $2,417,333
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