Cornerstone Family Healthcare
- Assets
- $57.3m
- Revenue
- $65.4m
- Investments
- $31.3k
- Employees
- 779
- Location
- Cornwall, NY
- Founding
- 01/1982
- Data as of
- 12/2022
- EIN
- 06-1036715
Organization Overview
Cornerstone Family Healthcare is located in Cornwall, NY. The organization was established in 1982. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2023, Cornerstone Family Healthcare employed 779 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Family Healthcare is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Cornerstone Family Healthcare generated $65.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $68.7m during the year ending 12/2022. While expenses have increased by 12.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTHCARE SERVICES TO THE MEDICALLY UNDERSERVED AND THOSE WITHOUT ACCESS TO CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A WIDE RANGE OF HEALTH SERVICES TO A LARGELY MEDICALLY UNDERSERVED POPULATION. IN 2023, WE HAD 187,957 PATIENT VISITS, AND 33,629 COMBINED OASAS METHADONE AND SUBSTANCE ABUSE REHAB VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Ansehl Dnp Fnp-Bc Board Member | Trustee | 1 | $0 |
Andrew Bell Board Member | Trustee | 1 | $0 |
Arethra L Thompson Board Member | Trustee | 1 | $0 |
Charles Walwyn Board Member | Trustee | 1 | $0 |
Cheryl Ross Chair-Elect | OfficerTrustee | 1 | $0 |
Daisy Vale Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bioreference Laboratories Inc Lab Services | 12/30/22 | $386,401 |
340b Technologies Administrative | 12/30/22 | $305,358 |
Hudson Valley Perinatal Consulting Pllc Medical Consulting | 12/30/22 | $129,750 |
William Thompson Consulting Work | 12/30/22 | $117,500 |
Cohnreznick Llp Accounting | 12/30/22 | $242,585 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,074,053 |
| All other contributions, gifts, grants, and similar amounts not included above | $261,717 |
| Noncash contributions included in lines 1a–1f | $1,200,115 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,335,770 |
| Total Program Service Revenue | $38,665,246 |
| Investment income | $1,023,378 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $92,685 |
| Net Gain/Loss on Asset Sales | $24,345 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,441,211 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,507,666 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,497,525 |
| Compensation of current officers, directors, key employees. | $269,555 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,764,623 |
| Pension plan accruals and contributions | $197,425 |
| Other employee benefits | $3,146,082 |
| Payroll taxes | $3,358,596 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,848 |
| Fees for services: Accounting | $137,836 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,264,107 |
| Advertising and promotion | $0 |
| Office expenses | $636,067 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,071,927 |
| Travel | $318,473 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,116 |
| Interest | $524,261 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,145,853 |
| Insurance | $246,298 |
| All other expenses | $3,600,407 |
| Total functional expenses | $68,706,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,078,326 |
| Savings and temporary cash investments | $1,831,983 |
| Pledges and grants receivable | $3,506,343 |
| Accounts receivable, net | $6,318,843 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $672,340 |
| Net Land, buildings, and equipment | $35,653,203 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $31,259 |
| Investments—program-related | $0 |
| Intangible assets | $5,607,786 |
| Other assets | $2,644,962 |
| Total assets | $57,345,045 |
| Accounts payable and accrued expenses | $6,192,107 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $14,150,362 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,357,932 |
| Total liabilities | $26,700,401 |
| Net assets without donor restrictions | $26,660,267 |
| Net assets with donor restrictions | $3,984,377 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $57,345,045 |