Riverspring Licensed Home Care Services Agency Inc
- Assets
- $1.7m
- Revenue
- $16.4m
- Investments
- $0.0
- Employees
- 538
- Location
- Bronx, NY
- Founding
- 10/1997
- Data as of
- 12/2021
- EIN
- 13-3900644
Organization Overview
Riverspring Licensed Home Care Services Agency Inc is located in Bronx, NY. The organization was established in 1997. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 12/2021, Riverspring Licensed Home Care Services Agency Inc employed 538 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverspring Licensed Home Care Services Agency 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 12/2021, Riverspring Licensed Home Care Services Agency Inc generated $16.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $16.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) 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
TO PROVIDE A CONTINUUM OF HIGH QUALITY SUPPORTIVE SEVICES FOR OLDER ADULTS LIVING IN THEIR OWN HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIVERSPRING PROVIDES HOME CARE SERVICES FOR OLDER ADULTS INCLUDING NURSING, SOCIAL SERVICES, HOUSEKEEPING, RESPITE, ANCILLARY SERVICES, PALLIATIVE CARE, NUTRITIONAL ASSESSMENTS, AND COMPANIONSHIP SERVICES. TOTAL SERVICE PROVIDED DURING 2021 AMOUNTED TO 448,143 HOURS AND 26,316 VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathalie Jerimie Assistant Director | 35 | $175,772 | |
Nigora Zakhidova Registered Nurse | 35 | $115,850 | |
Jeffrey S Maurer Chairman | OfficerTrustee | 1 | $0 |
Joseph Wygoda Treasurer/secretary | OfficerTrustee | 1 | $0 |
Daniel Reingold President, CEO | Officer | 1 | $0 |
Luz Liebeskind Cfo/asst. Secretary/treasurer | Officer | 1 | $0 |
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 | $16,401,343 |
| 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 | $16,405,863 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,991,938 |
| Pension plan accruals and contributions | $297,597 |
| Other employee benefits | $2,227,917 |
| Payroll taxes | $913,335 |
| Fees for services: Management | $639,814 |
| Fees for services: Legal | $55,058 |
| Fees for services: Accounting | $38,400 |
| Fees for services: Lobbying | $397 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $418,725 |
| Advertising and promotion | $5,804 |
| Office expenses | $118,245 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $139,394 |
| Travel | $3,008 |
| 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 | $16,167 |
| Insurance | $121,897 |
| All other expenses | $160,500 |
| Total functional expenses | $16,148,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,690 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,488,680 |
| 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 | $66,115 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,197 |
| Total assets | $1,678,682 |
| Accounts payable and accrued expenses | $695,415 |
| 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 | $2,567,534 |
| Total liabilities | $3,262,949 |
| Net assets without donor restrictions | -$1,584,267 |
| 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 | $1,678,682 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunnyside Home Care Project Inc Long Island City, NY | $13,373,084 | $45,663,585 |
Masonicare Home Health And Hospice Inc Wallingford, CT | $8,766,172 | $39,986,641 |
Concordia Visiting Nurses Cabot, PA | $20,143,291 | $45,332,880 |
The University Of Vermont Health Network-Home Health & Hospice Inc Colchester, VT | $37,675,315 | $30,171,090 |
Home Attendant Service Of Hyde Park Inc Brooklyn, NY | $16,110,375 | $32,637,387 |
Elder Services Of Worcester Area Inc Worcester, MA | $18,172,905 | $34,130,586 |
Human Care Services For Families & Children Inc Brooklyn, NY | $35,822,270 | $34,127,182 |
Norwell Visiting Nurse Assoc Inc Norwell, MA | $14,913,766 | $33,955,579 |
Visiting Nurse Association And Hospice Of Western New England Inc West Springfield, MA | $13,025,434 | $28,523,846 |
The Visiting Nurse Association Of Greater Philadelphia Philadelphia, PA | $4,470,300 | $25,813,966 |
Home Health Management Services Inc Bronx, NY | $12,973,416 | $29,036,744 |
Vna Home Health Services York, PA | $53,692,170 | $29,151,810 |