St Joseph's Nursing Home Inc

EIN: 362549037 501(c)(3)

Lacon, IL

Total Revenue
$97
Total Expenses
$56,249
Total Assets
$365,002
Net Assets
$365,002
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
IL
Phone
3092466783
Tax Period
2021-07-01 to 2022-06-30

St Joseph's Nursing Home Inc, founded in 1964, is a micro nonprofit that reported $97 in total revenue in fiscal year 2021. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $56K exceeded revenue, resulting in a 57889% operating deficit.

Mission

St. Joseph Nursing Home is a non-profit, faith based nursing home that promotes the physical, mental, and spiritual well-being of each resident in a loving, caring, dignified, and Christian environment. The community is operated in compliance with the objectives and philosophy of the congregation of the Daughters of St. Francis of Assisi, American Province.

Program Service Accomplishments

Program 1

St. Joseph nursing home provided nursing care services to meet the physical, social and spiritual needs of the residents. Some of the amenities provided include personalized care plans, licensed...

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St. Joseph nursing home provided nursing care services to meet the physical, social and spiritual needs of the residents. Some of the amenities provided include personalized care plans, licensed nursing staff, three meals daily, snacks, housekeeping, maintenance, religious and life enrichment activities, and security. Effective July 15, 2020, Lacon Realty, Inc. acquired the assets of St Joseph Nursing Home, Inc. The assets acquired included the 93-bed nursing facility commonly known as St Joseph Nursing Home located at 401 9th Street, Lacon, Illinois 61540 (The "Facility"); and all of the furniture, fixtures and equipment and other items of personal property located therein. Expenses reported for Fiscal 2022 are wind down expenses of the Corporation.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $97
Other Revenue $0
TOTAL REVENUE $97

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,556
Fundraising Expenses $0
Program Expenses $0
Other Expenses $46,693
TOTAL EXPENSES $56,249

Year-over-Year Comparison

2021 2020 Change
Revenue $97 $1,133,157 -1.0%
Expenses $56,249 $326,968 -0.8%
Net Income $-56,152 $806,189 -1.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A President 1.0
Officer Director
$0 $0 $0
N/A Secretary and Treasurer 1.0
Officer Director
$0 $0 $0
N/A Vice-President 1.0
Officer 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
2022 $97 $56,249 $365,002 $-56,152
2021 $1,133,157 $326,968 $690,760 $806,189
2020 $5,512,653 $5,556,552 $2,645,315 $-43,899
2019 $5,414,247 $5,833,397 $1,580,030 $-419,150
2018 $5,466,391 $5,534,733 $1,524,768 $-68,342
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