Our Lady Of Consolation Nursing & Rehabilitative Care Center
- Assets
- $35.7m
- Revenue
- $38.7m
- Investments
- $0.0
- Employees
- 521
- Location
- West Islip, NY
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 11-3284066
Organization Overview
Our Lady Of Consolation Nursing & Rehabilitative Care Center, operating under the name Olc Nursing & Rehab Center, is located in West Islip, NY. The organization was established in 1946. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2021, Olc Nursing & Rehab Center employed 521 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Olc Nursing & Rehab Center 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 12/2021, Olc Nursing & Rehab Center generated $38.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $52.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE, AT CH, HUMBLY JOIN TOGETHER TO BRING CHRISTS HEALING MISSION AND THE MISSION OF MERCY OF THE CATHOLIC CHURCH EXPRESSED IN CATHOLIC HEALTH CARE TO OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FACILITY PROVIDES SKILLED CARE FOR UP TO 345 RESIDENTS ON A DAILY BASIS. THE FACILITY PROVIDED CARE FOR 99,337 DAYS FOR THE YEAR 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Ryan Cao | Officer | 50 | $315,472 |
Aekyung Lee Rn | 50 | $270,910 | |
Theresa Rosenthal VP Clinical Services | Officer | 50 | $269,530 |
John Haight V/p Finance Continuing Care | Officer | 50 | $238,261 |
Roseline Cyril-Blanc Rn | 50 | $179,890 | |
Dawn Kollen Rn | 50 | $164,638 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthpro Management Svcs Rehabilitation | 12/30/21 | $152,100 |
Schwartz Sladkus Reich Etal Collection Fees | 12/30/21 | $123,872 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,450,612 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,205 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,474,817 |
| Total Program Service Revenue | $36,415,771 |
| Investment income | $35,954 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $636,131 |
| Net Gain/Loss on Asset Sales | $773 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,680,841 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,559 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $994,387 |
| Compensation of current officers, directors, key employees. | $672,581 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,810,565 |
| Pension plan accruals and contributions | $1,769,502 |
| Other employee benefits | $11,098,570 |
| Payroll taxes | $1,876,111 |
| Fees for services: Management | $103,998 |
| Fees for services: Legal | $225 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $4,118 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,298,749 |
| Advertising and promotion | $0 |
| Office expenses | $1,734,622 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $776,664 |
| Travel | $2,352 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $219,108 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,371,303 |
| Insurance | $1,226,384 |
| All other expenses | $1,373,528 |
| Total functional expenses | $52,099,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,064,442 |
| Savings and temporary cash investments | $321,605 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,512,521 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $112,444 |
| Prepaid expenses and deferred charges | $520,852 |
| Net Land, buildings, and equipment | $16,438,762 |
| Investments—publicly traded securities | $3,911,502 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,784,947 |
| Total assets | $35,667,075 |
| Accounts payable and accrued expenses | $9,149,876 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $32,025,439 |
| Total liabilities | $41,175,315 |
| Net assets without donor restrictions | -$5,829,845 |
| Net assets with donor restrictions | $321,605 |
| 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 | $35,667,075 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Our Lady Of Consolation Nursing & Rehabilitative Care Center has recieved totaling $321,695.
| Awarding Organization | Amount |
|---|---|
Catholic Health System Of Long Island Rockville Centre, NY | | $309,695 |
Foundation For Long Term Care Inc Latham, NY PURPOSE: PANDEMIC RELIEF FOR LONG TERM CARE | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rutland Nursing Home Inc Brooklyn, NY | $14,641,338 | $58,008,587 |
Terence Cardinal Cooke Health Care Center New York, NY | $89,661,206 | $110,033,189 |
Parker Jewish Institute For Health Care And Rehabilitation New Hyde Park, NY | $199,982,066 | $91,840,535 |
Jewish Home Lifecare Manhattan New York, NY | $92,070,146 | $86,814,145 |
The Rosalind And Joseph Gurwin Jewish Geriatric Center Of Long Is Commack, NY | $54,775,668 | $80,755,778 |
The Schulman And Schachne Institute For Nursing And Rehabilitation Inc Brooklyn, NY | $15,175,367 | $62,719,757 |
Menorah Home & Hospital For The Aged & Infirm Brooklyn, NY | $95,922,650 | $81,993,639 |
Orlando Rehabilitation Group Inc Bala Cynwyd, PA | $57,006,179 | $68,104,174 |
Pittsburgh Care Partnership Inc Community Life Pittsburgh, PA | $51,132,739 | $72,021,182 |
Loretto Health And Rehabilitation Center Syracuse, NY | $32,645,614 | $69,232,567 |
Mary Manning Walsh Nursing Home Co Inc New York, NY | $75,917,101 | $69,028,602 |
Amsterdam Nursing Home Corporation New York, NY | $69,684,595 | $65,318,560 |