The Schulman And Schachne Institute For Nursing And Rehabilitation Inc
- Assets
- $15.2m
- Revenue
- $62.7m
- Investments
- $31.5k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 09/1970
- Data as of
- 12/2020
- EIN
- 23-7085986
Organization Overview
The Schulman And Schachne Institute For Nursing And Rehabilitation Inc is located in Brooklyn, NY. The organization was established in 1970. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schulman And Schachne Institute For Nursing And Rehabilitation 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 12/2020, Schulman And Schachne Institute For Nursing And Rehabilitation Inc generated $62.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $84.5m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE GREATER ACCESS TO HIGH QUALITY MEDICAL CARE AND KEEP OUR COMMUNITIES HEALTHY THROUGH AN INTEGRATED CARE SYSTEM THAT RESPECTS THE DIVERSITY OF OUR COMMUNITIES AND ADDRESSES BOTH THE HEALTH NEEDS AND UNIQUE FACTORS THAT SHAPE THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHULMAN AND SCHACHNE INSTITUTE FOR NURSING AND REHABILITATION IS A VOLUNTARY, NOT FOR PROFIT, RESIDENTIAL HEALTHCARE FACILITY CREATED TO PROVIDING PATIENT HEALTH CARE SERVICES INCLUDING MEDICAL, NURSING REHABILITATIVE, AND THERAPEUTIC SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann-Marie Rivers Registered Nurse | 40 | $289,590 | |
Najwah Simpson Registered Nurse | 40 | $264,410 | |
Lucia Nixon Medical Director | 40 | $237,310 | |
Seun Rodemade-Tanimowo Licensed Practical Nurse | 40 | $232,637 | |
Irene Ahenkora Registered Nurse | 40 | $230,229 | |
Alex Rovt Chairman | OfficerTrustee | 0.05 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mbs Ltd Medical Supply | 12/30/21 | $189,351 |
Revenue Enhancement Service Financial Service | 12/30/21 | $229,801 |
Therapia Staffing Llc Employment Agency | 12/30/21 | $831,546 |
Unitex Textile Rental Uniform Rental | 12/30/21 | $395,188 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,814,366 |
| 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 | $7,814,366 |
| Total Program Service Revenue | $53,307,209 |
| Investment income | $765 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $475,192 |
| 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 | $62,719,757 |
| 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 | $38,685,702 |
| Pension plan accruals and contributions | $3,568,645 |
| Other employee benefits | $7,110,471 |
| Payroll taxes | $3,229,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $15,345 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,056,545 |
| Advertising and promotion | $0 |
| Office expenses | $2,488,119 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,109,890 |
| Travel | $1,927 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,303 |
| Interest | $146,598 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $518,339 |
| Insurance | $191,560 |
| All other expenses | $122,735 |
| Total functional expenses | $84,494,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,220,593 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,688,283 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $258,064 |
| Prepaid expenses and deferred charges | $4,500 |
| Net Land, buildings, and equipment | $3,750,283 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $31,468 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $222,176 |
| Total assets | $15,175,367 |
| Accounts payable and accrued expenses | $7,574,531 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $222,176 |
| 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 | $296,347,297 |
| Total liabilities | $304,144,004 |
| Net assets without donor restrictions | -$288,968,637 |
| 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 | $15,175,367 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Schulman And Schachne Institute For Nursing And Rehabilitation Inc has recieved totaling $130,000.
| Awarding Organization | Amount |
|---|---|
United Hospital Fund Of New York New York, NY PURPOSE: TRANSITIONS FROM SKILLED NURSING FACILITY TO HOME: IMPROVING QUALITY AND PATIENT FAMILY EXPERIENCE | $50,000 |
United Hospital Fund Of New York New York, NY PURPOSE: TRANSITIONS FROM SKILLED NURSING FACILITY TO HOME: IMPROVING QUALITY AND PATIENT FAMILY EXPERIENCE | $50,000 |
Foundation For Long Term Care Inc Latham, NY PURPOSE: PANDEMIC RELIEF FOR LONG TERM CARE | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hebrew Rehabilitation Center Boston, MA | $54,336,966 | $147,308,492 |
Rutland Nursing Home Inc Brooklyn, NY | $14,641,338 | $58,008,587 |
Terence Cardinal Cooke Health Care Center New York, NY | $89,661,206 | $110,033,189 |
Parker Jewish Institute For Health Care And Rehabilitation New Hyde Park, NY | $199,982,066 | $91,840,535 |
Jewish Home Lifecare Manhattan New York, NY | $92,070,146 | $86,814,145 |
The Rosalind And Joseph Gurwin Jewish Geriatric Center Of Long Is Commack, NY | $54,775,668 | $80,755,778 |
The Schulman And Schachne Institute For Nursing And Rehabilitation Inc Brooklyn, NY | $15,175,367 | $62,719,757 |
Menorah Home & Hospital For The Aged & Infirm Brooklyn, NY | $95,922,650 | $81,993,639 |
Orlando Rehabilitation Group Inc Bala Cynwyd, PA | $57,006,179 | $68,104,174 |
Pittsburgh Care Partnership Inc Community Life Pittsburgh, PA | $51,132,739 | $72,021,182 |
Loretto Health And Rehabilitation Center Syracuse, NY | $32,645,614 | $69,232,567 |
Mary Manning Walsh Nursing Home Co Inc New York, NY | $75,917,101 | $69,028,602 |