ST JOSEPH RESIDENCE INC

EIN: 391087412 501(c)(3)

NEW LONDON, WI

Total Revenue
$9,106,512
Total Expenses
$8,657,929
Total Assets
$16,253,341
Net Assets
$8,144,393
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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
WI
Principal Officer
KATHY GWIDT
Phone
9209825354
Tax Period
2023-01-01 to 2023-12-31

ST JOSEPH RESIDENCE INC, founded in 1965, is a community nonprofit that reported $9.1M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $8.7M left a modest 5% surplus.

Mission

ST. JOSEPH RESIDENCE, A SKILLED NURSING HOME, AND MARIAN HEIGHTS APARTMENTS, A RESIDENTIAL APARTMENT FACILITY, AND TRINITY TERRACE & MONARCH MEADOWS, A COMMUNITY-BASED RESIDENTIAL FACILITY SPONSORED BY CATHOLIC HEALTH INTERNATIONAL. WE AREA A CHRISTIAN COMMUNITY OF CARING PEOPLE DEDICATED TO THE HEALING MISSION OF THE CHURCH, SERVING THE ELDERLY AND SICK OF THE NEW LONDON AREA.

Program Service Accomplishments

Program 1
Expenses: $5,657,021 Revenue: $6,081,529

SKILLED NURSING FACILITY PROVIDED 15,012 DAYS OF CARE IN 2023. OUR COMMUNITY FOCUSES ON PROVIDING QUALITY HEALTH CARE SERVICES IN A RURAL COMMUNITY. THIS IS EVIDENT BY THE CMS FIVE STAR RATING...

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SKILLED NURSING FACILITY PROVIDED 15,012 DAYS OF CARE IN 2023. OUR COMMUNITY FOCUSES ON PROVIDING QUALITY HEALTH CARE SERVICES IN A RURAL COMMUNITY. THIS IS EVIDENT BY THE CMS FIVE STAR RATING, EXCELLENT QUALITY MEASURES AS REPORTED BY CMS, A DEFICIENCY FREE ANNUAL NURSING HOME SURVEY, AND THE EXCELLENT STAFF TO PATIENT RATIOS WE MAINTAIN ON A DAILY BASIS. OUR ORGANIZATION IS COMMITTED TO SERVING THOSE IN FINANCIAL NEED IN OUR COMMUNITY. OUR SKILLED NURSING FACILITY SERVES APPROXIMATELY A 63% MEDICAID GOVERNMENT FUNDED POPULATION. THE COMMUNITY HAS A COMPLEX MEDICAL CARE & REHAB UNIT WITH 10 BEDS DEDICATED TO SERVING SHORT TERM REHABILITATION NEEDS IN OUR COMMUNITY.

Program 2
Expenses: $1,201,456 Revenue: $1,472,685

MONARCH MEADOWS MEMORY CARE ASSISTED LIVING INCREASED OCCUPANCY 10%; A TOTAL OF 8,064 PATIENT DAYS WITH 47% OF THE DAYS FUNDED BY MEDICAL ASSISTANCE. THIS PROGRAM SERVES RESIDENTS WITH DEMENTIA...

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MONARCH MEADOWS MEMORY CARE ASSISTED LIVING INCREASED OCCUPANCY 10%; A TOTAL OF 8,064 PATIENT DAYS WITH 47% OF THE DAYS FUNDED BY MEDICAL ASSISTANCE. THIS PROGRAM SERVES RESIDENTS WITH DEMENTIA DIAGNOSIS WHO BENEFIT FROM A SECURE ENVIRONMENT WITH AN INCREASED LEVEL OF CAREGIVERS TO MEET PSYCHOSOCIAL AND PHYSICAL NEEDS WITH ACTIVITY ENGAGING PROGRAMMING.

Program 3
Expenses: $1,186,578 Revenue: $1,268,306

COMMUNITY BASED RESIDENTIAL FACILITY ASSISTED LIVING PROVIDED 8,868 DAYS OF CARE DURING 2023 WITH 48% OF CARE THAT IS MEDICAID GOVERNMENT FUNDED. THE CBRF PARTICIPATES IN A SPECIAL NEEDS PROGRAM...

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COMMUNITY BASED RESIDENTIAL FACILITY ASSISTED LIVING PROVIDED 8,868 DAYS OF CARE DURING 2023 WITH 48% OF CARE THAT IS MEDICAID GOVERNMENT FUNDED. THE CBRF PARTICIPATES IN A SPECIAL NEEDS PROGRAM, ALONG WITH THE SKILLED NURSING FACILITY, THAT PERMITS CARE TRANSITIONS BETWEEN THE CBRF AND THE SKILLED NURSING FACILITY RATHER THAN REQUIRING THE RESIDENT TO NEED TO BE SENT TO THE HOSPITAL.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $100,652
Program Service Revenue $9,117,668
Investment Income $-138,517
Other Revenue $26,709
TOTAL REVENUE $9,106,512

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,576,491
Fundraising Expenses $0
Program Expenses $8,264,574
Other Expenses $3,081,438
TOTAL EXPENSES $8,657,929

Year-over-Year Comparison

2023 2022 Change
Revenue $9,106,512 $8,025,508 +0.1%
Expenses $8,657,929 $7,943,077 +0.1%
Net Income $448,583 $82,431 +4.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
239
Volunteers
15

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
$135,626
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHY GWIDT PRESIDENT 0.50
Officer Director
$0 $0 $0
KEITH STECKBAUER VICE PRESIDENT (THRU JULY) 0.50
Officer Director
$0 $0 $0
JOSEPH MARQUARDT SECRETARY/TREASURER 0.50
Officer Director
$0 $0 $0
ROGER STEINGRABER PAST PRESIDENT 0.50
Officer Director
$0 $0 $0
MIKE BARBIAUX BOARD MEMBER 0.50
Director
$0 $0 $0
WILLIAM SCHMIDT BOARD MEMBER 0.50
Director
$0 $0 $0
JEAN SKEWES BOARD MEMBER 0.50
Director
$0 $0 $0
RITA THIEL BOARD MEMBER 0.50
Director
$0 $0 $0
JANICE YOUNG BOARD MEMBER 0.50
Director
$0 $0 $0
GIDGET BLANK CEO/EXECUTIVE DIRECTOR 32.00
Officer
$117,375 $18,251 $135,626
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 No data No data No data No data
2023 $9,106,512 $8,657,929 $16,253,341 $448,583
2022 $8,025,508 $7,943,077 $16,136,380 $82,431
2021 $6,622,390 $6,991,481 $16,181,165 $-369,091
2020 $7,639,857 $6,607,302 $16,982,915 $1,032,555
2019 $6,068,527 $6,473,784 $16,449,777 $-405,257
2018 $5,292,162 $5,860,432 $16,426,922 $-568,270
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