Sound Shore Medical Center Of Westchester
- Assets
- $0.0
- Revenue
- $429.3k
- Investments
- $0.0
- Employees
- 0
- Location
- New Rochelle, NY
- Founding
- Data as of
- 12/2017
- EIN
- 13-1740117
Organization Overview
Sound Shore Medical Center Of Westchester is located in New Rochelle, NY. Sound Shore Medical Center Of Westchester 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 12/2017, Sound Shore Medical Center Of Westchester generated $429.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (25.4%) each year. All expenses for the organization totaled $207.0k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (50.1%) per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE SOUND SHORE MEDICAL CENTER ASSETS WERE SOLD ON NOVEMBER 5, 2013 AND SERVICE OPERATIONS CLOSED AS OF THAT DAY. IN APRIL 2018 A 3% DISTRIBUTION TO UNSECURED CREDITORS WAS PROCESSED IN ACCORDANCE WITH THE BANKRUPTCY PLAN OF LIQUIDATION FILED WITH THE BANKRUPTCY COURT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES WERE DISCONTINUED AS OF NOVEMBER 5, 2013. IN APRIL 2018 A 3% DISTRIBUTION WAS PROCESS FOR UNSECURED CREDITORS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Terrano Plan Administrator | Officer | 20 | $0 |
Daniel F Cremins Former Board Member | 0 | $0 | |
John A Georghegan Former Board Member | 0 | $0 | |
Kathwari M Farooq Former Board Member | 0 | $0 | |
Lorri S Gorman Former Board Member | 0 | $0 | |
Mary M Savage Former Board Member | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Garfunkel Wild Pc Bankruptcy Fees | 12/30/16 | $341,171 |
The Garden City Group Bankruptcy Fees | 12/30/16 | $106,795 |
Lamonica Herbst & Maniscalco Llp Legal Services | 12/30/16 | $100,559 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $429,271 |
| 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. | $38,320 |
| Compensation of current officers, directors, key employees. | $38,320 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,790 |
| Fees for services: Management | $64,069 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,679 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $21,083 |
| All other expenses | $0 |
| Total functional expenses | $207,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Sound Shore Medical Center Of Westchester has recieved totaling $282,693.
| Awarding Organization | Amount |
|---|---|
William Mason Harding And Rosina Fairman Harding Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $94,231 |
William Mason Harding And Rosina Fairman Harding Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $94,231 |
William Mason Harding And Rosina Fairman Harding Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $94,231 |
Endowment Analysis
| Beg. Balance | $16,314,497 |
| Ending Balance | $16,314,497 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berks County School Districts Health Tr Reading, PA | $37,307,686 | $92,475,879 |
Jewish Home Lifecare Manhattan New York, NY | $92,070,146 | $86,814,145 |
Central European University New York, NY | $577,160,061 | $72,058,098 |
International Union Of Operating Engineers Welfare Fund Long Island City, NY | $98,450,225 | $98,628,304 |
New Jersey Property Liability Basking Ridge, NJ | $270,074,908 | $113,404,286 |
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
American Society For Testing And Materials West Conshohocken, PA | $507,262,217 | $135,712,233 |
Cedar Crest Village Llc Pompton Plains, NJ | $458,841,206 | $94,228,748 |
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Philadelphia Post-Acute Partnersllc Philadelphia, PA | $76,499,158 | $101,068,675 |