The James A Eddy Memorial Geriatric Center Inc
- Assets
- $75.8m
- Revenue
- $15.5m
- Investments
- $5.5m
- Employees
- 230
- Location
- Troy, NY
- Founding
- 06/1985
- Data as of
- 12/2021
- EIN
- 22-2570478
Organization Overview
The James A Eddy Memorial Geriatric Center Inc, operating under the name Eddy Memorial Geriatric Center, is located in Troy, NY. The organization was established in 1985. 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, Eddy Memorial Geriatric Center employed 230 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eddy Memorial Geriatric 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, Eddy Memorial Geriatric Center generated $15.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $14.5m during the year ending 12/2021. While expenses have increased by 3.0% 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
TO PROVIDE A COMPLETE CONTINUUM OF LONG-TERM CARE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JAMES A. EDDY MEMORIAL GERIATRIC CENTER OFFERS AN 80-BED SKILLED NURSING CENTER AND ASSISTED LIVING IN 67 APARTMENTS LOCATED IN TROY, NEW YORK. THE SKILLED NURSING CENTER PROVIDES THERAPY, DENTAL, OPTOMETRY, PODIATRY, SOCIAL WORK COUNSELING, HOUSEKEEPING AND PERSONAL LAUNDRY, RELIGIOUS SERVICES, FAMILY SUPPORT GROUPS, AND VARIOUS ACTIVITIES BOTH ON AND OFF SITE. THE ASSISTED LIVING UNITS PROVIDE HELP WITH THE ACTIVITIES OF DAILY LIVING, AS WELL AS HEALTH RELATED SERVICES TO THEIR RESIDENTS. THE CENTER ALSO OFFERS A SPECIAL 40-BED UNIT DESIGNED FOR RESIDENTS WITH ALZHEIMER'S DISEASE OR OTHER DEMENTIA. PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION:HTTP://WWW.SPHP.COM/EDDY-MEMORIAL-GERIATRIC-CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Gianotti Executive Director | 50 | $113,856 | |
Barbara Falkenberg Director, Nursing | 50 | $109,861 | |
Denise Riley Nursing Manager | 50 | $104,443 | |
Kristen Lankenau Nursing Manager | 50 | $102,304 | |
Robert Mccormick Director; Chair | OfficerTrustee | 0.2 | $0 |
James Reed MD Director; President & CEO | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Unidine Corporation Management Of Dining Services | 12/30/21 | $614,121 |
Select Rehabilitation Physical And Occupational Therapy Servic | 12/30/21 | $294,994 |
Connelly Construction Inc Construction Services | 12/30/21 | $104,805 |
Hallmark Healthcare Solutions Agency Staffing Services | 12/30/21 | $1,010,241 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $23,980 |
| Government grants | $380,765 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,941 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $413,686 |
| Total Program Service Revenue | $10,507,009 |
| Investment income | $498,990 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,523,017 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,504,849 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500,000 |
| 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 | $5,554,500 |
| Pension plan accruals and contributions | $202,545 |
| Other employee benefits | $563,060 |
| Payroll taxes | $414,833 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,895 |
| Fees for services: Other | $2,319,739 |
| Advertising and promotion | $67,743 |
| Office expenses | $424,262 |
| Information technology | $1,290 |
| Royalties | $0 |
| Occupancy | $474,536 |
| Travel | $1,061 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,830 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $574,459 |
| Insurance | $43,138 |
| All other expenses | $74,250 |
| Total functional expenses | $14,525,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,054 |
| Savings and temporary cash investments | $182,165 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $548,629 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,249 |
| Prepaid expenses and deferred charges | $68,564 |
| Net Land, buildings, and equipment | $3,863,644 |
| Investments—publicly traded securities | $65,400,581 |
| Investments—other securities | $5,465,473 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $181,489 |
| Total assets | $75,754,848 |
| Accounts payable and accrued expenses | $792,680 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $17,925 |
| 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 | $605,532 |
| Total liabilities | $1,416,137 |
| Net assets without donor restrictions | $18,966,124 |
| Net assets with donor restrictions | $55,372,587 |
| 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 | $75,754,848 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The James A Eddy Memorial Geriatric Center Inc has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Capital District Physicians Health Plan Inc Albany, NY PURPOSE: PPE, FOOD, HOUSING AND EMERGENCY AID ASSISTANCE | $35,000 |
Endowment Analysis
| Beg. Balance | $49,262,384 |
| Earnings | $7,602,172 |
| Net Contributions | $43,821 |
| Other Expense | $1,535,790 |
| Ending Balance | $55,372,587 |
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 |