Woodland Pond Inc
- Assets
- $75.3m
- Revenue
- $23.8m
- Investments
- $0.0
- Employees
- 335
- Location
- New Paltz, NY
- Founding
- 08/2003
- Data as of
- 12/2021
- EIN
- 30-0164277
Organization Overview
Woodland Pond Inc, operating under the name Woodland Pond At New Paltz, is located in New Paltz, NY. The organization was established in 2003. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Woodland Pond At New Paltz employed 335 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodland Pond At New Paltz 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, Woodland Pond At New Paltz generated $23.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $26.1m during the year ending 12/2021. While expenses have increased by 2.1% 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
OPERATE A CONTINUING CARE RETIREMENT COMMUNITY UNDER ARTICLE 46 OF NY STATE PUBLIC HEALTH LAW
Describe the Organization's Program Activity:
Part 3 - Line 4a
WOODLAND POND OPERATES A CONTINUING CARE RETIREMENT COMMUNITY, WOODLAND POND AT NEW PALTZ, WHICH CONSISTS OF 201 INDEPENDENT LIVING UNITS AND 100 HEALTH CARE UNITS. WOODLAND POND ALSO PROVIDES OUTPATIENT PHYSICAL AND OCCUPATIONAL THERAPY SERVICES. WOODLAND POND HAS EARNED A REPUTATION FOR ITS ABILITY TO REHABILITATE ITS SKILLED NURSING RESIDENTS QUICKLY AND COMPREHENSIVELY. AS A NEW YORK STATE NONPROFIT ORGANIZATION THAT PROVIDES RESIDENTIAL LONG-TERM CARE TO SENIORS, WOODLAND POND, INC. RELIES HEAVILY ON CENSUS (TOTAL RESIDENT HEADCOUNT) TO ENSURE FINANCIAL VIABILITY. THOUGH WOODLAND POND ACHIEVED AND HAS MAINTAINED STABLE OCCUPANCY FOR MANY YEARS, THE EFFECTS OF THE 2020-2021 PANDEMIC ON CENSUS HAVE BEEN UNAVOIDABLE. THE REASONS FOR THIS ARE TWO-FOLD. FIRST, DESPITE WOODLAND POND HAVING EXPERIENCED NO SERIOUS RESIDENT OR STAFF ILLNESS OR DEATH DUE TO COVID, THERE HAD BEEN A GREAT HESITANCY, ESPECIALLY IN NEW YORK STATE, FOR PEOPLE TO MOVE INTO A LONG-TERM CONGREGATE SETTING. MANY LONG-TERM CARE FACILITIES IN THE STATE EXPERIENCED DEVASTATING OUTBREAKS AND MANY DEATHS. THE PUBLIC HAD EXPRESSED FEAR OF THE RESIDENTIAL LONG-TERM CARE INDUSTRY IN THE FACE OF THE ONGOING PANDEMIC, AND WOODLAND POND PREVIOUSLY HAD NOT BEEN SPARED.FORTUNATELY, DURING 2021 AND 2020, WOODLAND POND WAS ABLE TO SECURE AND HAVE FORGIVEN $3,363,203 OF PPP LOANS, AND AN ADDITIONAL $778,121 IN STIMULUS FUNDING. CENSUS IMPACTS OF COVID TURNED AROUND DRAMATICALLY IN THE LATTER PART OF 2021. WOODLAND POND ENDED THE YEAR 2021 WITH THE HIGHEST AMOUNT OF ENTRANCE FEES EVER. OUR CENSUS NUMBERS CLIMBED IN THE HEALTH CENTER AS WELL. MUCH OF THIS WAS LIKELY DUE TO THE FACT THAT WOODLAND POND HANDLED THE COVID PANDEMIC IN SUCH A POSITIVE PROACTIVE MANNER THAT KEPT RESIDENTS AS SAFE AND HEALTHY AS POSSIBLE. WOODLAND POND ENDED 2021 IN A STRONG CASH POSITION, EVEN EXCEEDING OUR DCOH COVENANT BY 30 DAYS. WAITING LISTS IN ALL AREAS OF THE COMMUNITY HAVE CONTINUED TO GROW. PERSISTENT CHALLENGES REMAIN FROM A STAFFING/WAGE PRESSURE PERSPECTIVE AND ARE LIKELY TO REMAIN FOR A NUMBER OF FISCAL QUARTERS OR YEARS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Gramoglia President & CEO | Officer | 37.5 | $371,535 |
Philip Mehl Health Center Admin | 37.5 | $154,901 | |
Christi Battistoni Director Of Finance | Officer | 37.5 | $149,416 |
Carrie Mosley Director Of Nursing | 37.5 | $130,910 | |
Shannon Scaturro Director Of Marketing | 37.5 | $124,043 | |
Brigitte Blum Director Of Hr | 37.5 | $122,093 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gonzalez Landscaping Snow/landscape Services | 12/30/21 | $150,049 |
Professional Computer Association It Services | 12/30/21 | $134,337 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,924,665 |
| 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 | $1,924,665 |
| Total Program Service Revenue | $21,502,845 |
| Investment income | $64,057 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,676 |
| Net Gain/Loss on Asset Sales | $847 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,806,053 |
| 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. | $564,507 |
| Compensation of current officers, directors, key employees. | $564,507 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,169,139 |
| Pension plan accruals and contributions | $77,359 |
| Other employee benefits | $1,330,452 |
| Payroll taxes | $785,783 |
| Fees for services: Management | $514,558 |
| Fees for services: Legal | $26,128 |
| Fees for services: Accounting | $143,033 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $236,454 |
| Office expenses | $182,082 |
| Information technology | $206,987 |
| Royalties | $0 |
| Occupancy | $1,584,881 |
| Travel | $3,727 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,001,241 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,152,346 |
| Insurance | $426,154 |
| All other expenses | $102,913 |
| Total functional expenses | $26,129,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,459,315 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $289,825 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $131,603 |
| Prepaid expenses and deferred charges | $350,664 |
| Net Land, buildings, and equipment | $58,664,778 |
| Investments—publicly traded securities | $7,403,970 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,618 |
| Total assets | $75,307,773 |
| Accounts payable and accrued expenses | $2,846,123 |
| Grants payable | $0 |
| Deferred revenue | $25,377,569 |
| Tax-exempt bond liabilities | $72,523,049 |
| Escrow or custodial account liability | $240,300 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $401,666 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $57,434,097 |
| Total liabilities | $158,822,804 |
| Net assets without donor restrictions | -$83,515,031 |
| 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 | $75,307,773 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Woodland Pond Inc has recieved totaling $11,978.
| Awarding Organization | Amount |
|---|---|
Community Foundations Of The Hudson Valley Poughkeepsie, NY PURPOSE: ARTS, CULTURE & HUMANITIES | $11,978 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maris Grove Inc Glen Mills, PA | $653,132,727 | $91,666,802 |
Cedar Crest Village Llc Pompton Plains, NJ | $458,841,206 | $94,228,748 |
Brooksby Village Inc Peabody, MA | $455,308,698 | $77,450,637 |
Ann S Choice Inc Warminster, PA | $390,463,878 | $78,899,329 |
Linden Ponds Inc Hingham, MA | $366,102,829 | $68,847,923 |
Acts Retirement Services Inc Fort Washington, PA | $53,774,543 | $61,999,737 |
Lantern Hill Inc New Providence, NJ | $464,665,892 | $49,148,353 |
Whitemarsh Continuing Care Retirement Community Lafayette Hill, PA | $237,675,792 | $39,315,037 |
New York Foundation For Senior Citizens Home Attendant Services I New York, NY | $24,976,445 | $43,263,283 |
Caringhouse Projects Incorporated Pleasantville, NJ | $35,651,045 | $47,839,367 |
Concordia Lutheran Ministries Of Pittsburgh Pittsburgh, PA | $101,461,859 | $42,844,424 |
Sjf Ccrc Inc Voorhees, NJ | $105,324,676 | $30,989,570 |