Methodist Church Home For The Aged In The City Of New York
- Assets
- $70.3m
- Revenue
- $23.0m
- Investments
- $4.8m
- Employees
- 222
- Location
- Bronx, NY
- Founding
- 04/1920
- Data as of
- 12/2021
- EIN
- 13-1740003
Organization Overview
Methodist Church Home For The Aged In The City Of New York, operating under the name Methodist Home For Nursing And Rehabiltation, is located in Bronx, NY. The organization was established in 1920. 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, Methodist Home For Nursing And Rehabiltation employed 222 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Methodist Home For Nursing And Rehabiltation 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, Methodist Home For Nursing And Rehabiltation generated $23.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $17.8m during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OTHE HOME PROVIDED 33,644 DAYS OF CARE TO 552 RESIDENTS NEEDING SKILLED NURSING AND/OR REHABILITATION SERVICES. WE SEEK TO ACCOMPLISH OUR MISSION THROUGH: - COMPREHENSIVE SUPPORT SERVICES: WE ARE A FULL-SERVICE ORGANIZATION OFFERING SHORT AND LONG-TERM CARE, AND PHYSICAL AND SOCIAL REHABILITATION PROGRAMS CONDUCTED BY THE HIGHEST QUALITY MEDICAL AND CARE STAFF. - PERSON CENTERED CARE: WE FOCUS ON THE INTEREST OF THE INDIVIDUAL BY PROVIDING TAILORED CARE AIMED AT PROMOTING HEALTH, DIGNITY, AND INDEPENDENCE WITHIN A DIVERSE COMMUNITY OF PEOPLE - ONGOING IMPROVEMENT: THROUGH CONTINUAL ASSESSMENT OF CARE METHODS REGULAR TRAINING AND FACILITY AND EQUIPMENT UPGRADES, OUR HOME MAINTAINS ITS HIGH STANDARD BOTH TODAY AND IN THE FUTURE. - POSITIVE WORK ENVIRONMENT: BY FOSTERING AN ENVIRONMENT THAT PROMOTES CONFIDENCE, SELF-EXPRESSION AND LEARNING, WE EMPOWER EMPLOYEES TO GROW AND GAIN THE MUTUAL RESPECT OF THE RESIDENTS AND THEIR FAMILIES. - SERVING THE COMMUNITY: WITH OUR OUTREACH PROGRAMS TO LOCAL ORGANIZATIONS AND SCHOOLS, AND THE ACCESS PROVIDED TO OUR SERVICES, WE ARE COMMITTED TO BEING A CONSCIENTIOUS CONTRIBUTOR TO THE RIVERDALE COMMUNITY AND BEYOND. - WE ARE COMMITTED TO THE SAFETY AND WELL BEING OF OUR RESIDENTS BY MAINTAINING THE CLEANLINESS OF THE ENVIRONMENT WITH ENHANCED STATE OF THE ART CLEANING PROTOCOLS AND EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Perez CEO | Officer | 36.25 | $347,472 |
Genevieve Castillo Director Of Nursing | Officer | 36.25 | $194,732 |
Sandra Rivera Director Of Finance | Officer | 36.25 | $156,774 |
Walter Oberman Dir. Of Plant Operations | 36.25 | $130,958 | |
Minerva Frias Director Of Rehabilitation | 40 | $128,490 | |
Rene Tillo Nursing Supervisor | 36.25 | $125,151 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrison Management Dietary & Housekeeping Services | 12/30/21 | $1,088,951 |
Spiezle Architecture Architectural Services | 12/30/21 | $342,516 |
Rn Staff Inc Nursing Services | 12/30/21 | $164,938 |
Madison Security Group Inc Security Services | 12/30/21 | $192,573 |
Pkf O'connor Davies Llp Auditing Services | 12/30/21 | $124,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,880,986 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,415 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,933,401 |
| Total Program Service Revenue | $17,279,828 |
| Investment income | $572,839 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $900 |
| Net Gain/Loss on Asset Sales | $3,227,805 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,018,314 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $769,014 |
| Compensation of current officers, directors, key employees. | $562,074 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,706,793 |
| Pension plan accruals and contributions | $297,234 |
| Other employee benefits | $1,246,838 |
| Payroll taxes | $802,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $140,552 |
| Fees for services: Accounting | $130,900 |
| Fees for services: Lobbying | $6,190 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $101,355 |
| Fees for services: Other | $3,729,852 |
| Advertising and promotion | $98,417 |
| Office expenses | $204,471 |
| Information technology | $194,563 |
| Royalties | $0 |
| Occupancy | $421,617 |
| Travel | $1,766 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,656 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $991,062 |
| Insurance | $573,053 |
| All other expenses | $64,642 |
| Total functional expenses | $17,799,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,051,794 |
| Savings and temporary cash investments | $4,546,427 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,110,841 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $83,863 |
| Prepaid expenses and deferred charges | $1,963,477 |
| Net Land, buildings, and equipment | $20,239,137 |
| Investments—publicly traded securities | $30,458,195 |
| Investments—other securities | $4,781,161 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,004 |
| Total assets | $70,291,899 |
| Accounts payable and accrued expenses | $1,359,054 |
| Grants payable | $0 |
| Deferred revenue | $175,729 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $57,004 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,891,695 |
| Total liabilities | $8,983,482 |
| Net assets without donor restrictions | $58,346,047 |
| Net assets with donor restrictions | $2,962,370 |
| 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 | $70,291,899 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Methodist Church Home For The Aged In The City Of New York has recieved totaling $6,500.
| Awarding Organization | Amount |
|---|---|
Parker Jewish Institute For Health Care And Rehabilitation Foundation New Hyde Park, NY PURPOSE: GENERAL OPERATING SUPPORT | $6,500 |
Endowment Analysis
| Beg. Balance | $12,925,961 |
| Earnings | $2,145,344 |
| Ending Balance | $15,071,305 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cobble Hill Health Center Inc Brooklyn, NY | $104,850,612 | $51,888,626 |
Morris Hall St Lawrence Inc Lawrenceville, NJ | $55,795,819 | $48,236,558 |
Jewish Home Lifecare Sarah Neuman Center Westchester New York, NY | $40,158,579 | $47,212,238 |
United Home For Aged Hebrews New Rochelle, NY | $40,914,674 | $49,305,789 |
Carmel Richmond Nursing Home Inc Staten Island, NY | $55,443,617 | $48,780,538 |
New England Deaconess Association Concord, MA | $168,661,233 | $42,765,861 |
Madlyn And Leonard Abramson Center For Jewish Life Blue Bell, PA | $70,280,035 | $47,324,338 |
Ozanam Hall Of Queens Nursing Home Inc Bayside, NY | $72,263,682 | $46,054,461 |
The Northeast Health Group Inc Bala Cynwyd, PA | $20,717,577 | $41,701,178 |
Phoebe Home Inc Allentown, PA | $44,042,871 | $37,033,122 |
Wesley Health Care Center Inc Saratoga Springs, NY | $29,960,994 | $37,958,192 |
St Johns Health Care Corporation Rochester, NY | $28,699,154 | $43,446,483 |