Financial History

A non-profit institution, St. Michael’s does not receive any subsidies from any governmental agencies or from the Archdiocese. Since its opening over 50 years ago, the Home has been self-sufficient and depends on the boarding fees its residents are able to offer as well as donations received from its many friends, In 2009, over one-third of the Home’s $1,750,000 expenses were covered by contributions and truly, the quality of life for residents would be greatly diminished without this critical source of income.

To assure a steady source of income, the Home recently established an Endowment Fund in which the principle will remain intact and a portion of the interest will be used to underwrite those programs necessary to provide quality care.

Click here to view the: 2012-2013 Financial Statements