Centerlight Healthcare Inc
- Assets
- $205.9m
- Revenue
- $646.6m
- Investments
- $0.0
- Employees
- 467
- Location
- Flushing, NY
- Founding
- 05/1992
- Data as of
- 12/2023
- EIN
- 13-3600807
Organization Overview
Centerlight Healthcare Inc is located in Flushing, NY. The organization was established in 1992. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2023, Centerlight Healthcare Inc employed 467 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centerlight Healthcare Inc 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 12/2023, Centerlight Healthcare Inc generated $646.6m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $600.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE AND ARRANGE FOR MEDICAL, SOCIAL, AND LONG-TERM SERVICES TO THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTERLIGHT HEALTHCARE, INC. IS A LICENSED HOME CARE SERVICE AGENCY THAT ARRANGES FOR AND CONTRACTS WITH ENTITIES TO PROVIDE INNOVATIVE MEDICAL, SOCIAL, AND LONG-TERM CARE SERVICES FOR THE ELDERLY, INCLUDING HOME/DAY CARE, PRIMARY AND EMERGENCY CARE, NURSING, SOCIAL WORK AND THERAPY AS WELL AS TRANSPORTATION AND INPATIENT SERVICES. SEE PART IX FOR THE STATEMENT OF FUNCTIONAL EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Potack Chairman | OfficerTrustee | 0.5 | $0 |
Harvey Ishofsky Vice Chairman | OfficerTrustee | 0.5 | $0 |
Myron Schlanger Secretary | OfficerTrustee | 0.5 | $0 |
Kenneth Zuckerbrot Asst Sec/treasurer | OfficerTrustee | 0.5 | $0 |
Mark Weinstein Treasurer Thru Oct 2023 | OfficerTrustee | 0.5 | $0 |
Russell D Fisher Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Second Wave Delivery Risk Score Maximization | 12/30/23 | $1,320,000 |
Patient Pattern Risk Score Maximization | 12/30/23 | $1,116,140 |
Presidio Network Professional Consulting Services | 12/30/23 | $813,005 |
R&d Carpet & Tile Installation Facilities Contractor | 12/30/23 | $789,835 |
Complete Care Management Professional Consulting Services | 12/30/23 | $769,569 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,462,071 |
| All other contributions, gifts, grants, and similar amounts not included above | $279,710 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,741,781 |
| Total Program Service Revenue | $631,737,043 |
| Investment income | $3,111,055 |
| 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 | $646,590,314 |
| 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. | $4,077,556 |
| Compensation of current officers, directors, key employees. | $1,415,212 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,683,149 |
| Pension plan accruals and contributions | $619,496 |
| Other employee benefits | $11,801,204 |
| Payroll taxes | $5,624,472 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $429,996 |
| Fees for services: Accounting | $394,156 |
| Fees for services: Lobbying | $323,263 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $397,236,693 |
| Advertising and promotion | $1,485,567 |
| Office expenses | $6,008,261 |
| Information technology | $1,789,840 |
| Royalties | $0 |
| Occupancy | $5,358,147 |
| Travel | $8,546,359 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,626 |
| Interest | $856,270 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,987,723 |
| Insurance | $2,555,643 |
| All other expenses | $3,209,444 |
| Total functional expenses | $600,228,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,459,392 |
| Savings and temporary cash investments | $58,369,408 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,709,529 |
| 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 | $3,469,567 |
| Net Land, buildings, and equipment | $15,441,850 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,453,050 |
| Total assets | $205,902,796 |
| Accounts payable and accrued expenses | $140,779,229 |
| Grants payable | $0 |
| Deferred revenue | $1,985,174 |
| Tax-exempt bond liabilities | $5,060,000 |
| 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 | $49,000,000 |
| Other liabilities | $42,751,418 |
| Total liabilities | $239,575,821 |
| Net assets without donor restrictions | -$33,673,025 |
| Net assets with donor restrictions | $0 |
| 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 | $205,902,796 |