Montefiore Housing Corporation
Also known as The Weils of Bainbridge
Montefiore Housing Corporation reported $5.5 million in revenue and $4.9 million in expenses for the fiscal year ending June 30, 2024. Of every $100 it spent, $77.46 went to program services, $22.54 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 66.2% of the total. The highest compensation it reported for one person was $590,071 (PRESIDENT & CEO THRU 2/21/23). 2 people received more than $100,000 in reportable compensation. Revenue fell 52% between FY2020 and FY2024. Source: Form 990, FY2024.
Where $100 of spending went
The fiscal year ending June 30, 2024 · Form 990, Part IX, line 25 · total expenses $4.9MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2024 · Form 990, Part VIII · total revenue $5.5MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 77.5% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 22.5% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 1.0% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 66.2% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $590,071 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 11.99% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 2 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 10.7 | 10.0 |
| Independent voting board members Part VI 1a–1b | 4 of 4 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2024 · Form 990, Part III · the three largest programs by expenseThe weils of bainbridge is an assisted living facility which caters to the needs of the elderly including nursing care, activities, programs, and other daily tasks (75 suites)
Highest reported compensation
FY2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO THRU 2/21/23 Former, 0.00 hrs/week | $0 | $581,378 | $8,693 | $590,071 |
| CFO AS OF 5/15/23 Officer, 0.00 hrs/week | $0 | $380,171 | $11,982 | $392,153 |
| PRESIDENT & COO AS OF 2/22/23 Officer, 0.00 hrs/week | $0 | $326,558 | $16,747 | $343,305 |
| CHIEF FINANCIAL OFFICER THRU 5/26/23 Former, 0.00 hrs/week | $0 | $176,088 | $14,419 | $190,507 |
| ADMINISTRATOR Highest compensated employee, 40.00 hrs/week | $120,739 | $0 | $12,061 | $132,800 |
| RN Highest compensated employee, 40.00 hrs/week | $116,032 | $0 | $12,122 | $128,154 |
2 people received more than $100,000 in reportable compensation from Montefiore Housing Corporation (Part VII, line 2).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b4 · 4 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5170
- Volunteers Part I, line 627
Largest outside contractors
FY2024 · Form 990, Part VII, Section B · businesses only| INTELYCARE INC Nursing staff | $845,423 |
Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Montefiore Housing Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Montefiore Housing Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Montefiore Housing Corporation spent in FY2024, $77.46 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Headwaters Community Housing TrustBozeman, MT · revenue $4.2M · programs 75.1% · 2024
- St JudeDallas, TX · revenue $5.8M · programs 93.5% · 2024
- Division Housing CorporationBrooklyn, NY · revenue $2.7M · programs 12.3% · 2024
- LeapBrooklyn, NY · revenue $8.2M · programs 84.2% · FY2025
- Oakland Community Land TrustOakland, CA · revenue $2.1M · programs 88.1% · FY2025
All housing & shelter charities · Largest charities in Florida
Questions people ask
How much of Montefiore Housing Corporation's spending goes to programs?
In the fiscal year ending June 30, 2024, Montefiore Housing Corporation reported that 77.5% of its $4.9 million in expenses went to program services, 22.5% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Montefiore Housing Corporation pay its top executive?
The largest total compensation Montefiore Housing Corporation reported for one person in the fiscal year ending June 30, 2024 was $590,071, for the role of PRESIDENT & CEO THRU 2/21/23 (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Montefiore Housing Corporation get its money?
Of $5.5 million in revenue in the fiscal year ending June 30, 2024, 1.0% came from contributions and grants (including 1.0% from government grants) and 66.2% from program service revenue (Form 990, Part VIII).
Is Montefiore Housing Corporation a registered charity?
The IRS lists EIN 31-1501393 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202621359349306052 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202400719349301120 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341239349302484 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201369349301900 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111339349303331 · read the filing
All filings for EIN 31-1501393: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.