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LADIES HOME OF OSWEGO INC

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Tax-exempt status may be revoked

LADIES HOME OF OSWEGO INC

EIN 15-0543641

What they do

THE MISSION of THE LADIES HOME of OSWEGO is to HELP ITS RESIDENTS GAIN and MAINTAIN OPTIMAL WELLNESS. THE PRIMARY OBJECTIVES of THE CORPORATION ARE AS FOLLOWS: (A) to PROVIDE A FACILITY for MATURE ADULTS to COMFORTABLY RESIDE IN, OPERATED PURSUANT to THE APPLICABLE REGULATIONS of THE NEW YORK STATE DEPARTMENT of HEALTH. (B) to PROVIDE STAFF to MAINTAIN and OVERSEE THE OPERATION of THE HOME. (C) to OTHERWISE COORDINATE and PARTICIPATE IN PROGRAMS DESIGNED to ASSIST THE RESIDENTS of THE HOME, and ADULT RESIDENTS of THE COMMUNITY IN GENERAL, and to ACOMPLISH THOSE GOALS, to ESTABLISH APPROPRIATE FUNDING PROGRAMS.

Before you give

Should I give to this charity?

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Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2017The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders6 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

148.34%of revenue went to mission work84.2% of expenses · Program services
$176.25spent for every $100 of revenueSpending was higher than revenue this year.
27.91%of revenue went to management and office costs15.8% of expenses
$0.74in assets for every $1 spent this yearSome assets cannot be spent right away.
0.4%of its money came from giftsOther money may come from services or investments.

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Worth asking: Expenses exceeded revenue by $203,643 this year. Ask whether that was planned or caused by a one-time event.

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Money

Financial picture

Tax year 2017

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$267,069
Mission workProgram services$396,163148.34% of revenue84.2% of expenses
ManagementOffice and general costs$74,54927.91% of revenue15.8% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$470,712176.25% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2017CurrentExpense mix: 84.2% mission · 15.8% management · 0.0% fundraisingTotal expenses: 176.25% of revenue
2016Expense mix: 79.6% mission · 20.4% management · 0.0% fundraisingTotal expenses: 152.60% of revenue
2015Expense mix: 84.8% mission · 15.2% management · 0.0% fundraisingTotal expenses: 115.83% of revenue

Money in and money out

Revenue$267,069
Expenses$470,712
Annual shortfall $203,643 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$396,163 · 84.2% of expenses
Management and office costs$74,549 · 15.8% of expenses
See all reported dollar amounts
Revenue$267,069
Expenses$470,712
Assets$347,278
Income$616,495
Contributions$1,075
Mission work (program services)$396,163
Management and general$74,549
Stocks and bonds$167,075
Accounting fees$1,150
Investing fees$844
People

Leadership and board

Tax year 2017

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (6)

ARTHUR PEARSONTREASURER

CAROL LIVESEYDIRECTOR

GLORIA JASKULADIRECTOR

JEFF WALLACEDIRECTOR

LINDA THOMAS CASTORPRESIDENT/VI

ROBERT BRANSHAWDIRECTOR

About this charity

Location
43 EAST UTICA STREET, OSWEGO, NY 13126
County
Oswego
In care of
ARTHUR PEARSON
Primary officer
ARTHUR PEARSON, TREASURER

How to reach them

Filing and classification

Latest tax year
2017
Tax period began
October 1, 2017
Return type
990
Tax preparer
BURDICK & PEARSON CPAS PLLC
Revocation date
February 15, 2022

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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