THE VILLAS AT ST THERESE

EIN: 472021696 501(c)(3)

COLUMBUS, OH

Total Revenue
$3,898,452
Total Expenses
$4,552,071
Total Assets
$12,314,966
Net Assets
$-1,920,246
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
OH
Principal Officer
SR JEANNE FRANCIS HALEY
Phone
6148569951
Tax Period
2023-01-01 to 2023-12-31

THE VILLAS AT ST THERESE, founded in 2014, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $4.6M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE ORGANIZATION IS A ROMAN CATHOLIC INSTITUTION SPONSORED BY THE CARMELITE SISTERS FOR THE AGED AND INFIRM. THE ORGANIZATION'S MISSION IS TO PROVIDE A SECURE AFFORDABLE APARTMENT SETTING FOR MIDDLE-INCOME SENIORS WITH AN EMPHASIS ON INDEPENDENCE THROUGH THE OPERATION OF A NON-PROFIT 75-BED INDEPENDENT LIVING FACILITY AND A 50-BED ASSISTED LIVING FACILITY LOCATED IN COLUMBUS, OHIO.

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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 (2023)

Revenue Breakdown

Contributions & Grants $73,390
Program Service Revenue $3,746,457
Investment Income $49,156
Other Revenue $29,449
TOTAL REVENUE $3,898,452

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,897,200
Fundraising Expenses $0
Program Expenses $3,951,356
Other Expenses $2,654,871
TOTAL EXPENSES $4,552,071

Year-over-Year Comparison

2023 2022 Change
Revenue $3,898,452 $3,452,374 +0.1%
Expenses $4,552,071 $4,102,162 +0.1%
Net Income $-653,619 $-649,788 +0.0%
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
13
Independent Members
13
Employees
49
Volunteers
10

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
$761,648
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SR JEANNE FRANCIS HALEY PRESIDENT 1.00
Officer Director
$0 $0 $0
SR M CYRIL METHODIUS KASPER O CA VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MR BERT SEYMOUR TREASURER 1.00
Officer Director
$0 $0 $0
MOST REV EARL K FERNANDES CHAIRPERSON 1.00
Director
$0 $0 $0
SR LOIS JOSEPH BANIEWICZ MEMBER 1.00
Director
$0 $0 $0
MR LEONARD BARBE MEMBER 1.00
Director
$0 $0 $0
MR DON BROWN SECRETARY 1.00
Officer Director
$0 $0 $0
SR LEDA VERONICA DOMINO MEMBER 1.00
Director
$0 $0 $0
SR JOACHIM ANNE FERENCHAK MEMBER 1.00
Director
$0 $0 $0
SR TERESA KATHLEEN DOMINICK O CAR MEMBER 1.00
Director
$0 $0 $0
SR ANN MCCARTNEY MEMBER 1.00
Director
$0 $0 $0
MR BRIAN J MCNAMARA MEMBER 1.00
Director
$0 $0 $0
MS AMY M VANDYKE MEMBER 1.00
Director
$0 $0 $0
PATRICIA GATHERS PRESIDENT / CEO 1.00
Officer
$0 $48,935 $761,648
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 $3,898,452 $4,552,071 $12,314,966 $-653,619
2022 $3,452,374 $4,102,162 $12,830,514 $-649,788
2021 $3,990,810 $4,027,444 $13,646,044 $-36,634
2020 $3,958,668 $3,975,254 $14,217,936 $-16,586
2019 $4,023,378 $4,001,250 $14,253,485 $22,128
2018 $3,887,751 $3,762,910 $14,486,477 $124,841
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