Palisades General Care Inc
- Assets
- $43.3m
- Revenue
- $26.4m
- Investments
- $0.0
- Employees
- 324
- Location
- North Bergen, NJ
- Founding
- Data as of
- 12/2015
- EIN
- 22-2587492
Organization Overview
Palisades General Care Inc is located in North Bergen, NJ. As of 12/2015, Palisades General Care Inc employed 324 individuals. Palisades General Care Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
PALISADES GENERAL CARE, INC. OPERATES A 245 BED SKILLED NURSING FACILITY IN NORTH BERGEN, NEW JERSEY AND MANAGES A BUILDING WHICH CONTAINS CERTAIN SHARED FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF PALISADES MEDICAL CENTER AND ITS AFFILIATES WHICH PROVIDE MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PALISADES GENERAL CARE, INC.; A RECOGNIZED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION; OPERATES A 245-BED SKILLED NURSING FACILITY IN NORTH BERGEN, NJ AND MANAGES A BUILDING WHICH CONTAINS CERTAIN FACILITIES SHARED BY THE ORGANIZATION AND PALISADES MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Edward Davis Administrator | Officer | 55 | $671,537 |
Barbara Urban Director Nursing | 55 | $180,229 | |
Shawn Ryan Chief Financial Officer | Officer | 55 | $171,751 |
Susana G Ferido Rn | 55 | $121,471 | |
Julmali Habibul Rn | 55 | $116,768 | |
Faida V Lorenzo Rn | 55 | $114,490 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Genesis Rehabilitation Services Rehab Services | 12/30/15 | $1,486,524 |
Reunion Rx Pharmacy | 12/30/15 | $1,044,629 |
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 | $100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100 |
| Total Program Service Revenue | $25,047,622 |
| Investment income | $1,356,765 |
| Tax Exempt Bond Proceeds | $91 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,648 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,444,786 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| 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. | $873,178 |
| Compensation of current officers, directors, key employees. | $87,318 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,381,779 |
| Pension plan accruals and contributions | $105,586 |
| Other employee benefits | $2,219,211 |
| Payroll taxes | $980,564 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,826 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $1,068 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $562,306 |
| Advertising and promotion | $2,260 |
| Office expenses | $3,082,882 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $559,868 |
| Travel | $40 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,623 |
| Interest | $401,210 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $412,228 |
| Insurance | $311,393 |
| All other expenses | $440,285 |
| Total functional expenses | $24,015,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,931 |
| Savings and temporary cash investments | $6,289,076 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,533,962 |
| 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 | $636,013 |
| Net Land, buildings, and equipment | $4,158,438 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $27,367,297 |
| Intangible assets | $180,882 |
| Other assets | $107,183 |
| Total assets | $43,274,782 |
| Accounts payable and accrued expenses | $2,606,146 |
| 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 | $10,982,636 |
| Total liabilities | $13,588,782 |
| Unrestricted restricted net Assets | $29,686,000 |
| 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 | $29,686,000 |
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