University of San Agustin

College of Nursing
EXECUTIVE SUMMARY
NAME OF THE PROJECT
The proposed project shall carry the name St. Therese of the
Child Jesus Nursing Home.
LOCATION
The proposed nursing home will be erected on a lot with a
total area of 924 sq. m. located in Lopez Jaena St.,Molo,Iloilo
City.
BRIEF DESCRIPTION
St.

Therese

of

the

Child

Jesus

Nursing

Home

will

be

established as sole proprietorship business of Theresita Ruiz, a

residence of Alta Tierra

Village, Iloilo city. It will be built

purposely to serve the need for nursing home in Iloilo City due
to the growing number of working people in the family thus they
will not be able to take care of their elderly.
MARKET ANALYSIS
St. Therese of the Child Jesus Nursing Home will only cater
all elderly aging 60-95 years belonging to the middle and upper
income class to at least insure affordability of payment. The
nursing home accommodates a total of 15 clients. The monthly
rates that the client/ family will pay is P20,000.

University of San Agustin

College of Nursing

TECHNICAL ANALYSIS
The proposed nursing home is a bungalow building that is
constructed on a lot with 924 sq. m, covering a total floor area
of 825 sq. m. It has a total of 6 rooms in the ground floor.
Materials

that

will

be

used

in

the

construction,

and

the

furniture and equipment that will be utilized in the operation

are sufficiently available. They can be acquired from different
suppliers near the location at reasonable prices.
MANAGEMENT ANALYSIS
St.

Therese

of

the

Child

Jesus

Nursing

Home

is

sole

proprietorship type of business. The owner and at the same time

the supervisor shall receive all profits and shall absorb all
losses. She will have direct supervision of all nursing home
personnel.
Job specification of nursing home personnel are set to avoid
duplication of function and conflict between them. Salaries and
wages are based on the provision provided by the Department of
Labor.
SOCIO-ECONOMIC BENEFITS
The establishment of St. Therese of the Child Jesus Nursing
Home gives the following socio-economic benefits:
a. Employment opportunities
b. Taxes, as sources of income for the government.
c.

Accessibility.

The

clients

will

primarily

save

cost

for

transportation and nursing care in elderly.

University of San Agustin

College of Nursing

FINANCIAL ANALYSIS
The financial ratio and analysis serve as indicators of the
business'

profitability

and

stability.

Increasing

trend

in

revenue contributes a lot in the attainment of higher net income.

FINDING, CONCLUSION, AND RECOMMENDATION
The project St. Therese of the Child Jesus Nursing Home is
feasible as shown by the result of the research conducted. The
owner has enough money to start the business. The net income in
the first year covers only period starting December 2014 that is
the reason why there is a substantial in net income in the
succeeding years.
St. Therese, Child of Jesus Nursing Home will be beneficial
to

its

customers

because

of

its

accessibility,

good

accommodation, affordable and reasonable monthly rate. It will

contribute employment and additional taxes to the government.

MARKET ANALYSIS

University of San Agustin

College of Nursing

BUSINESS DESCRIPTION
St. Therese of the Child Jesus Nursing Home is an exclusive
nursing home for elderly aging 60-95 years old. The nursing home
will

be

bungalow

type

of

building.

The

ground

floors

are

composed of information and receiving area, 5 bedrooms with a

comfort room in each room, kitchen and a living room.
The nursing home will have a total capacity of 15 clients.
LOCATION
This project will be located along Lopez Jaena Street, Molo,
Iloilo City with an estimated land area of 924 sq. meters and
total floor of 825 square meter for the building. The lot is 600
meters away from Iloilo Doctors Hospital and 200 meters away
from Medical City.
Accessibility of lot to its target market would ensure the
success of the project.
TARGET MARKET
St. Therese of the Child Jesus Nursing home targets the
elderly aging 60-95 years old. The institution is aiming to give
services that the family would not able to provide

because of

the increasing employment and job opportunities of people in the

family thus they will not be able to take care of their elderly.

University of San Agustin

College of Nursing
SUPPLY AND DEMAND ANALYSIS
Based on our survey, 70% agreed to put there elderly in a
nursing home because the family is busy and nobody would take
care

of

them.

The

survey

was

made

through

answering

the

questionnaire. Out of 30 correspondents, 21 of them(which is 70%

of 30 correspondents)agreed to put there elderly in a nursing
home

and

of

them

disagreed(which

is

30%

of

the

30

correspondents)
Factors affecting supply:
1. Availability of rooms and bed spaces
2. Government laws and regulations
Factors affecting demand:
1. Elderly coming from provincial and municipal areas.
2. Proximity or accessibility of the nursing home
3. Convergence offered and facilities available
Existing Market Situation
The increasing employment and job opportunities of people in
the family annually thus they will not be able to take care of
their elderly.

TECHNICAL ANALYSIS

University of San Agustin

College of Nursing

Technical Description of the Product/ Services

St. Therese of the Child Jesus Nursing Home will cater
elderly aging 60-95 years old.
The nursing home will have a staff that will provide the
following for its clients:
a.)

Personal

care

such

as

dressing,

bathing,

and

toilet

assistance,
b.)

To maintain cleanliness of rooms, toilets and bathrooms,

and orderliness in the entire nursing home;

c.)

Prepare 3 cooked meals for breakfast, lunch and dinner

plus 2 snacks and;

d.)

Provide

adequate

security

by

hiring

agency

contracted

security.
The

nursing

home

also

provide

certain

equipment

and

furniture and fixtures, like television set for entertainment

Admission Requirement
The following are the requirements that need to complied
before one will be considered as a client.
a.) Admission form signed by the occupants and their family
member.
b.) Has at least 30,000 family income.
c.) Medical history and laboratory results(CBC, Fecalysis and
urinalysis)

University of San Agustin

College of Nursing
Building Structure
St.

Therese

of

the

Child

Jesus

Nursing

Home

will

be

bungalow building with a total floor of 825 sq. m. The building

will have some repair. It has a repair expense of 85,000.00 and
it

include

the

maintenance

for

the

first

year.

It

will

be

depreciated over 5 years using the straight line method.

Furniture, supply and Equipment

The

Supplies,

purchased/ordered
professionals

or

and

Equipments,
some

business

Furniture,

would

be

workers.

will

sponsored
The

total

by

be
some

cost

of

purchased/ordered equipments and supplies wou;d be P410,786.00.

Other furniture and fixtures such as cabinets (built in),
Tables, and information will be built along with the construction
of the building. The furniture and fixtures will have a total
cost of P194,960.00. The useful life of the equipment varies
depending

on

depreciated

its
over

type
their

while
useful

furniture
life

and

using

fixtures
the

will

straight

be

line

method.

Supplies

University of San Agustin

College of Nursing

PARTICULARS
fire extinguisher
trashcans
>big
>small
oxygen tank
oxygen mask
oxygen tubing
Pillows
bedsheets
diapers
gloves
mask
cottonballs
gauze
plaster
alcohol
liquid hand soap
small towels
bath towels
elastic bandage
cotton applicator
betadine
medicine cup
PRN medicine
insulin syringe
Rugs
Brooms
Mop
Dustpan
zonrox
Mats
Spoons
Fork
Glass
Plates
Knife
Pail

QUANTITY

AMOUNT TOTAL AMOUNT

2
2000
4000

18
2
2
2
2
30
30
100
1 box
1 box
5
5
10
10(500ml)
5 (500ml)
30
30
15
1 box
3(100ml)
30
10
1 box
10
3
2
3
2(4L)
10
25
25
25
25
2
5

75
35
2000
80
120
120
130
17
300
150
60
80
75
65
200
15
100
45
400
200
5
300
190
3
75
250
50
130
25
7
7
15
23
50
35

1350
70
4000
160
240
360
3900
1700
300
150
300
400
750
650
1000
450
3000
675
400
600
150
3000
190
30
225
500
150
260
250
175
175
375
575
100
175
8

University of San Agustin

College of Nursing
Ladle
Frying pan
Casserole

2
2
2

80
250
400

160
500
800

FURNITURE AND FIXTURE

PARTICULARS
beds
foams
sala set
chairs
stand fan
wall fan
table
cabinet
>linens,towels
>medicine
water dispenser
wall clock
emergency light

QUANTITY AMOUNT TOTAL AMOUNT

15
9300
139500
15
1500
22500
1
8000
8000
5
150
750
2
800
1600
10
500
5000
2
500
1000
5
5
1
6
6

1000
500
1500
60
1000

5000
2500
1500
360
6000

EQUIPMENTS

University of San Agustin

College of Nursing
PARTICULARS
gas stove
refrigerator
>big
>small
television
generator
stretcher
wheelchair
crutches
commode chair
overbed table
bp apparatus
stetoscope
thermometer
glucometer
kidney basin
scissor
bed pans
bedscreen
pulse oximeter
weighng scale
pulmonary aide
inhalator
ambuance

QUANTITY AMOUNT TOTAL AMOUNT

1
1500
1500
1
1
1
1
2
5
5
5
15
5
5
5
2
10
3
15
5
1
1

9000
5500
7000
8000
15000
3000
1300
2000
1200
500
175
80
1500
30
75
85
250
2000
1000

9000
5500
7000
8000
30000
15000
6500
10000
18000
2500
875
400
3000
300
225
1275
1250
2000
1000

1
2000
1 250000

2000
250000

Utilities

10

University of San Agustin

College of Nursing
Power
The PECO will supply the power requirement.
Water
Water consumption will be supplied by MIWD
Telephone
The source of communication line will be provided by
PLDT.
Labor requirement
The nursing home will employ a total of 15 personnels; 3
nurses, 3 caregivers, 3 security guards, 2 cooks, 2 janitors and
2 driver.
All personnel must pass a biodata, resume, 2 2x2 picture,
NBI clearance to ensure that they have a good record from past
experiences and also to secure the safety of clients.
Location
St.

Therese,

Child

of

Jesus

nursing

homes

will

be

constructed on a 924 sq. m. lot along Lopez Jaena Street, Molo,

Iloilo City. The lot will leased for 20 years with monthly rental
of 50,000.

The

proprietorship

chose

the

location

of

the

following

consideration:
a.) It is accessible; and

11

University of San Agustin

College of Nursing
b.) It is near to hospitals
Capacity
St.

Therese,

Child

of

Jesus

Nursing

Home

has

total

capacity of 15 clients aging 60-95 years old. The proponents

assumed that 75% of the total capacity (based on the number of
elderly) will be expected during the first year of the operation.

Expected number of Clients every year

Expected Number of Patients every Year

Year

Total no. of
clients

2014
2015
2016
2017
2018

20
20
20
20
20

Percent
expected
expected
number
number
of
of
clients
clients
75%
15
75%
15
75%
15
75%
15
75%
15

Waste disposal System

Each room and hallway, toilets and bathroom will be provided
with

trash

can

where

they

will

throw

all

their

waste

like
12

University of San Agustin

College of Nursing
wrappers, bottles, etc. Collected waste will be placed at the
dustbin located outside the building and will be gathered by the
city garbage collector.
Waste from the toilet will directly flow through the pipe on
the

septic

tank.

On

the

other

part

of

the

commercial

space

clients, they will be responsible for the disposal of their

waste.
Waste segragation

NONBIODEGRADABLE

BIODEGRADABLE

plastics
bottles/products
styrofoams
cans,etc.

paper
left over foods
fruit peels

INFECTIOUS
things which has
in contact with
patients such as
diapers, cotton
used

Sharps
needles
without
syringe

Ampoules
/medicine
bottles

Construction cost

13

University of San Agustin

College of Nursing
The

building

will

be

made

of

finest

and

high

quality

construction materials so with the equipment and furniture and

fixtures.
Building Layout
The building has total area of 825 sq. meters.

Management Analysis
14

University of San Agustin

College of Nursing

Type of business
The proposed business will be a sole proprietorship. The
owner, who will be at the same time the supervisor of the said
nursing home, is Theresita Ruiz.

Since

it

is

sole

proprietorship the owner will receive all profits, absorbs all

losses and is solely responsible for all dept of the business.
The business is distinct from its proprietorship; thus, sole
proprietorship

does

not

include

the

proprietor's

personal

records.
Organizational Structure

Supervisor

Nurses

Caregivers

Driver

Security Guards

Cooks

Janitors

15

University of San Agustin

College of Nursing

Function of Personnel
Supervisor.
supervision

of

The
the

supervisor

business.

has

He

will

general
assign

control
duties

of

and
the

employees and be the one to fix and modify from the time to time
salaries and wage scales. He must always maintain and secure the
standards of comfort service.
Nurse.

The

Nurse

is

responsible

for

maintaining

optimal

care, administering medications, preventing illnesses.

Caregiver .The
those

activities

caregiver
that

role

assist

has

the

traditionally
client

included

physically

and

psychologically while preserving the clients dignity. They are

responsible

also

for

the

personal

hygiene

of

the

patients,

Toiletry duties changing of bedpans.

Janitor. The Janitor will be responsible for the overall
housekeeping and cleanliness of the nursing home and for the
disposal of the waste products.
Cook. The Cook will be responsible for preparing the
food and buying and estimating cost of the ingredients for the
meals to be prepared.
Security

Guard.

The

security

guard

will

have

the

responsibility of safeguarding the building and the wellbeing of

the clients.

16

University of San Agustin

College of Nursing

Driver. The driver is responsible for the transportation of

clients

who

get

sick

to

the

nearest

hospital

in

case

of

emergency.
Qualification Standards
1.) Nurse
Male or female, must be a graduate of Bachelor of Science in
Nursing with hospital experience of at least one year and also
has valid license as registered nurse. Between age of 24-35 years
old.
2.) Caregiver
Male or female, a trained caregiver, has an experience of at
least one year. Must be 24-35 years old.
3.) Security Guard
Male, Agency Contracted, and at least 2 years of relevant
experience. Must be 28-40 years old.
4.) Cook
Male or female, has at least two years cooking experience at
the restaurant or in a diner. Must be 30-40 years old.
5.) Janitor
Male or female, has at least a high school graduate. Must be
26-40 years old.

17

University of San Agustin

College of Nursing

6.) Driver
Male,

has

valid

drivers

license

and

at

least

years

driving experience. Must be 25-42 years old.

Compensation Income
Salaries and wages of the employees vary depending on the
degree of tasks required by the position.
No. of
Personnel personnel
3
Nurse
3
caregiver
2
Cook
3
Guard
3
janitor
1
driver

monthly
salary
10,000
8,000
6,500
6,000
5,000
5,000

FINANCIAL ANALYSIS

18

University of San Agustin

College of Nursing
Profitability ratio
Ratio
Rate of
Return
on
revenue
rate on
Return
on
Owner's
Equity

Formulae

2014

2015

2016

2017

2018
43.44
%

11.83
%

net
income/gross
Revenue

31.44%

34.31%

37.32%

41.63
%

Net
Income/owner'
s Equity

7.54%

8.27%

9.30%

10.88
%

STATEMENT OF FINANCIAL POSITION

As of December 31,2014

19

University of San Agustin

College of Nursing
ASSETS
Current
Assets:
Cash
Non-Current
Assets:
Furnitures and
Fixtures
Less: Accumulated
Depreciation
Equipment
Less: Accumulated
Depreciation

14,394,254.00

194,960.00

371,872.00

P
P

38,914.00
15,000,000.00

15,000,000.00

P
P

15,000,000.00
1,131,707.00

16,131,707.00

243,700.00
48,740.00
464,840.00
92,968.00

Supplies
Total Assets
LIABILITIES & CAPITAL
Capital,
9/13/14
STATEMENT OF CHANGES IN EQUITY
For the Year 2014

Add:

Beginning
Capital
Profit
Ending
Capital

20

University of San Agustin

College of Nursing

21

University of San Agustin

College of Nursing

INCOME
STATEMENT
For the
year 2014
REVENUE:
Less:

3,600,000.00

85,000.00
1,128,000.00
29,185.00
86,400.00
288,000.00 P

1,980,293.00

1,131,707.00

Expenses
Depreciation Expense
Employee's Benefit
Miscellaneous Expense
Registration Fee
Rent Expense
Repair and Maintenance
Expense
Salaries Expense
Supplies expense
Telecommunication Expense
Utilities
PROFIT:

141,708.00
36,000.00
10,000.00
20,000.00
600,000.00

22

University of San Agustin

College of Nursing

INCOME
STATEMENT
For the
Year 2015
REVENUE:
Less: EXPENSES

P 3,890,000.00

Depreciation Expense
Employee's Benefit
Miscellaneous Expense
Rent Expense
Repair and Maintenance
Expense
Salaries Expense
Supplies expense
Telecommunication Expense
Utilities
PROFIT:

141,708.00
36,000.00
8,000.00
600,000.00
85,000.00
1,240,800.00
32,103.50
95,040.00
316,800.00 P 2,067,051.50
P 1,334,548.50

23

University of San Agustin

College of Nursing

INCOME
STATEMENT
For the
Year 2016
REVENUE:
Less: EXPENSES

Depreciation Expense
Employee's Benefit
Miscellaneous Expense
Rent Expense
Repair and Maintenance
Expense
Salaries Expense
Supplies expense
Telecommunication Expense
Utilities
PROFIT:

5,200,000.00

141,708.00
36,000.00
15,000.00
600,000.00
85,000.00
1,364,880.00
42,729.76
126,498.24
421,660.80 P

2,470,041.20

1,625,074.00

24

University of San Agustin

College of Nursing

INCOME
STATEMENT
For the
Year 2017
REVENUE:
Less: EXPENSES

Depreciation Expense
Employee's Benefit
Miscellaneous Expense
Rent Expense
Repair and Maintenance
Expense
Salaries Expense
Supplies expense
Telecommunication Expense
Utilities
PROFIT:

4,988,000,

141,708.00
36,000.00
10,000.00
600,000.00
85,000.00
1,501,368.00
38,845.24
114,998.40
383,328.00 P

2,320,283.64
P

2,076,752.

25

University of San Agustin

College of Nursing

INCOME
STATEMENT
For the
Year 2018
REVENUE:
Less: EXPENSES

5,200,000.00

2,470,041.20

Depreciation Expense
Employee's Benefit
Miscellaneous Expense
Rent Expense
Repair and Maintenance

141,708.00
36,000.00
15,000.00
600,000.00

Expense
Salaries Expense
Supplies expense
Telecommunication

85,000.00
1,651,504.80
42,729.76

Expense
Utilities

126,498.24
421,660.80 P
PROFIT:

2,079,898.40

SOCIO- ECONOMIC BENEFIT

Employment

26

University of San Agustin

College of Nursing
St. Therese of the Child Jesus Nursing Home would help
reduce unemployment as it will hire 3 nurses, 3 caregiver , 3
security guards, 2 cooks, 3 janitors, and 1 driver.
Taxes
St. Therese, Child of Jesus nursing home would contribute to
government

funds

through

payment

of

taxes.

In

return,

the

government could use the funds generated from this new business
to finance projects that would be directly beneficial to the
public.
Accessibility
St. Therese, Child of Jesus nursing home is located at Lopez
Jaena Street, Molo, Iloilo City. Site is near households and
hospital for easy access for in case of emergency.

27