Steere House EIN 05-0258880 Form 990 (PDF) Claim this org

Steere House FY2020 filing

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Provides skilled, restorative, and long-term care for adults in a secure, caring environment. For fiscal year 2020 it reported $13.5M in revenue, $13.4M in expenses, and $19.1M in net assets.Pt I

Founded
1874
Type
Public charity (501(c)(3)) · Health Care
Location
Providence, RI
Website
www.steerehouse.org
Filings
5 on file (2020–2020)
Revenue
$13.5MFY2020
Expenses
$13.4M
Net assets
$19.1M
People
16
Filings
5
Updates
0
More identity details & actions ⌄
EIN  05-0258880 Public charity (501(c)(3)) Providence, RI Founded 1874
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 7/18/26 · see original: IRS
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Size
$10–100M
What they do
Provides skilled, restorative, and long-term care for adults in a secure, caring environment.
Leadership
Julie H Richard · Administrator · $164K
Money in and out
$13.5M revenue, $13.4M expenses
Bottom line
84% program efficiency
Where the money goes · FY2020
Total revenue
$13.5M
Pt VIII · Ln 12
Total expenses
$13.4M
Pt IX · Ln 25
Net assets
$19.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $110K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.16
Program efficiency
84%
of spending reaches programs
Operating runway
15.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+0.8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$13.5M
FY2020
Expenses
$13.4M
FY2020
Total assets
$24.5M
FY2020
Total liabilities
$5.4M
FY2020
Total revenue
$13.5M
Pt VIII · Ln 12
Total expenses
$13.4M
Pt IX · Ln 25
Net assets
$19.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$110K
Total assetsPt X · Ln 16$24.5M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $11.3M of program spending, described in the organization's own filed words · FY2020.
01

Provides rehabilitative, skilled, transitional nursing care. Also provides long-term support and care to those with alzheimers and memory loss.

$11.3Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSteere House
EINHdr · item D05-0258880
Principal addressHdr · item CProvidence, RI
WebsiteHdr · item Jwww.steerehouse.org
Year of formationHdr · item L1874
State of legal domicileHdr · item MRI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E910)
Ruling yearIRS BMFFeb 1935

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Administrator
$163,853Pt VII · Sec A
Shift Supervisor
$138,128Pt VII · Sec A
Licensed Practical Nurse
$127,730Pt VII · Sec A
Director of Nursing
$122,611Pt VII · Sec A
Director of Finance
$119,553Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Joshua Segal’s $210K as Executive Director is at the 23rd percentile of top reported officer pay among 2900 $10–100M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Joshua Segal$209,895$184,020$114,386
Nicole Plante$177,713$159,637$144,804$144,804$122,611
Julie H Richard$162,686$159,516$163,853
Deborah Yasick$134,850$155,780$144,828$116,304$138,128
Rukayat Olalekan$154,590$152,010$118,137
Altagrace Pierre Louis$152,501$116,304
Dianne Bourget$144,828$119,553
Melissa Proulx$128,101$114,361

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$9.9M · 73%
Investment income$2.0M · 15%
Contributions & grants$1.5M · 11%
Program service revenue73%$9.9M
Investment income15%$2.0M
Contributions & grants11%$1.5M
Other revenue$35K
— government grantsLn 1e$1.0M
Total revenueLn 12$13.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16
Program services84%$11.3M
Management & general16%$2.1M
Total functional expensesLn 25$13.4M

Balance Sheet

Part X · end of year
CashLn 1$285K
Total assetsLn 16$24.5M
Total liabilitiesLn 26$5.4M
Total net assetsLn 32$19.1M
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $17.5M · Operating expenses/yr $13.4M
15.7 months
Where the money goes
Program services
Program services $11.3M · Total expenses $13.4M
84%
Management & General
Management & general $2.1M · Total expenses $13.4M
16%
Fundraising
Fundraising $0 · Total expenses $13.4M
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $503K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.5M · Total revenue $13.5M
11%
Government reliance
Government grants $1.0M · Total revenue $13.5M
8%
Earned-income share
Program service revenue $9.9M · Total revenue $13.5M
73%
Investment reliance
Investment income $2.0M · Total revenue $13.5M
+15%
Program self-sufficiency
Program service revenue $9.9M · Total expenses $13.4M
74%
Growth & trend
Revenue growth (YoY)
This year $13.5M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $19.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $13.5M · Expenses $13.4M
+0.8%
Liabilities-to-Assets
Total liabilities — · Total assets $24.5M
Net-asset ratio
Net assets $19.1M · Total assets $24.5M
78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $16.5M · Other securities (Pt X, ln 12) $683K · Total assets (Pt X, ln 16) $24.5M
70%
People & payroll
Highest Reported Total Compensation
Individual Julie H Richard · Reported title ADMINISTRATOR · Highest reported compensation $164K · Total expenses $13.4M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $6.9M · Total expenses $13.4M
52%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 16%
Fundraising cost ratio 0%
Investment management fee ratio 0.4%
Legal fee ratio 0.4%
Accounting fee ratio 0.7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$67K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$17.3M revenue · ⤓ 990 PDF
FY2023$17.8M revenue · ⤓ 990 PDF
FY2022$11.3M revenue · ⤓ 990 PDF
FY2021$13.9M revenue · ⤓ 990 PDF
FY2020$13.5M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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