Long Island Select Healthcare Inc
- Assets
- $8.3m
- Revenue
- $21.1m
- Investments
- $0.0
- Employees
- 158
- Location
- Central Islip, NY
- Founding
- 07/2016
- Data as of
- 12/2021
- EIN
- 47-1001464
Organization Overview
Long Island Select Healthcare Inc, operating under the name Lish Inc, is located in Central Islip, NY. The organization was established in 2016. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Lish Inc employed 158 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lish 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, Lish Inc generated $21.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $20.0m during the year ending 12/2021. While expenses have increased by 22.9% per year over the past 6 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 PRIMARY AND PREVENTATIVE HEALTHCARE SERVICES FOCUSING ON LOW INCOME, MEDICALLY UNSERVED AND UNDERSERVED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTICLE 28 - LONG ISLAND SELECT HEALTHCARE PROVIDES DIAGNOSTIC AND TREATMENT SERVICES INCLUDING COMPREHENSIVE PRIMARY CARE, DENTAL, BEHAVIORAL HEALTH, MEDICAL SPECIALTIES, THERAPEUTIC SPECIALTIES, AND CHRONIC CARE MANAGEMENT SERVICES. TOTAL NUMBER OF PATIENTS: 7,081. LISH PARTICIPATES IN THE 340B PROGRAM (MEDICARE) WHICH REQUIRES DRUG PARTICIPATING DRUG MANUFACTURERS AND PHARMACIES TO SIGN A PHARMACEUTICAL PRICE AGREEMENT WITH THE SECRETARY OF HEALTH AND HUMAN SERVICES. THIS AGREEMENT LIMITS THE PRICE THAT MANUFACTURERS MAY CHARGE CERTAIN "COVERED ENTITIES' FOR COVERED OUTPATIENT DRUGS. NOTE: THE 340B PLAN IS CURRENTLY UNDER FEDERAL LITIGATION AS SEVERAL MANUFACTURERS HAVE CHALLENGED THE 340B CONTRACT PRICING REQUIREMENT.
ARTICLE 16 - THROUGH THE NEW YORK STATE OFFICE OF PEOPLE WITH DEVELOPMENTAL DISABILITIES, LONG ISLAND SELECT HEALTHCARE PROVIDES SPEECH THERAPY, OCCUPATIONAL THERAPY AND PHYSICAL THERAPY SERVICES. TOTAL NUMBER OF PATIENTS: 478.
OTHER SERVICES - THE ORGANIZATION IS A FEDERALLY QUALIFIED HEALTH CENTER SUB-RECIPIENT OF SUN RIVER HEALTH, INC.'S FEDERAL AWARD UNDER HEALTH RESOURCES AND SERVICES ADMINISTRATION (HRSA) BOTH FOR HEALTH CARE AND AMERICAN RESCUE PLAN ACT (ARPA) PROGRAMS. WE ALSO RECEIVED GRANT SUPPORT FROM NYS DOH FOR STATEWIDE HEALTH CARE FACILITY TRANSFORMATION PROGRAM II AND FCC FOR COVID-19 TELEHEALTH PROGRAM. SCOPE OF SERVICES INCLUDE COMPREHENSIVE PRIMARY AND PREVENTIVE HEALTHCARE SERVICES FOCUSING ON LOW INCOME, MEDICALLY UNSERVED AND UNDERSERVED INDIVIDUALS; AND SUB-RECIPIENT OF SUFFOLK CARE COLLABORATIVE/DELIVERY SYSTEM REFORM INCENTIVE PROGRAM (DSRIP): IN 2021, THE ORGANIZATION RECEIVED THE FINAL DISTRIBUTION; AND PARTICIPATES IN AN ACCOUNTABLE CARE ORGANIZATION - TO IMPROVE THE EFFECTIVENESS AND EFFICIENCY OF HEALTH CARE DELIVERY FOR MEDICAID BENEFICIARIES AND UNINSURED INDIVIDUALS IN LONG ISLAND. THE ORGANIZATON ALSO RECEIVED COVID VACCINES FROM NEW YORK STATE DEPARTMENT OF HEALTH AND GIVEN OUT TO STAFF AND PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Powell MD Chief Executive Officer | Officer | 37.5 | $328,823 |
Paris Arianas MD Psychiatrist | 22.5 | $309,184 | |
Balvindar Sareen Chief Medical Officer | Officer | 37.5 | $307,570 |
Spiro Theoharakis MD Lead Psychiatrist | 25 | $262,104 | |
Alan Steinberg MD Psychiatrist | 14 | $220,593 | |
Gail Fraser-Farmer MD Physician | 37.5 | $175,186 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rapid Reliable Testing Ny Llc Telehealth Services | 12/30/21 | $436,274 |
Solutions 4 Community Health Medical Billing Svcs | 12/30/21 | $937,122 |
Eclinical Works Clinical Info Srvcs | 12/30/21 | $163,885 |
Pathway Systems Design Llc It Support | 12/30/21 | $226,322 |
Hudson Headwater 340b Llc 340b Management Svcs | 12/30/21 | $273,839 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,826 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,635 |
| Noncash contributions included in lines 1a–1f | $24,071 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,461 |
| Total Program Service Revenue | $20,962,462 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,800 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $62,725 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,062,448 |
| 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. | $1,029,538 |
| Compensation of current officers, directors, key employees. | $1,029,538 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,062,942 |
| Pension plan accruals and contributions | $202,049 |
| Other employee benefits | $1,039,227 |
| Payroll taxes | $828,619 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,396 |
| Fees for services: Accounting | $77,121 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,141,190 |
| Advertising and promotion | $0 |
| Office expenses | $1,256,599 |
| Information technology | $137,195 |
| Royalties | $0 |
| Occupancy | $2,337,460 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,664 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $138,553 |
| Insurance | $178,087 |
| All other expenses | $0 |
| Total functional expenses | $19,997,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,702,040 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $774,259 |
| Accounts receivable, net | $2,245,603 |
| 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 | $52,977 |
| Net Land, buildings, and equipment | $441,516 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,580 |
| Total assets | $8,265,975 |
| Accounts payable and accrued expenses | $2,148,089 |
| Grants payable | $0 |
| Deferred revenue | $154,562 |
| 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 | $0 |
| Total liabilities | $2,302,651 |
| Net assets without donor restrictions | $5,963,324 |
| 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 | $8,265,975 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Long Island Select Healthcare Inc has recieved totaling $18,468.
| Awarding Organization | Amount |
|---|---|
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $18,426 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $42 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooks-Tlc Hospital System Inc Dunkirk, NY | $43,332,954 | $53,462,246 |
Grove City Medical Center Pittsburgh, PA | $19,315,788 | $24,381,583 |
Windber Hospital Inc Windber, PA | $34,243,981 | $47,877,066 |
J C Blair Memorial Hospital Huntingdon, PA | $69,376,054 | $51,183,184 |
Titusville Area Hospital Titusville, PA | $32,246,845 | $54,133,545 |
Memorial Hospital Albany Ny Albany, NY | $0 | $44,731,508 |
Hudson Valley Cardiovascular Practice Pc Poughkeepsie, NY | $15,329,648 | $43,703,701 |
Clearfield Hospital Clearfield, PA | $57,734,677 | $49,178,126 |
Eagleville Hospital Eagleville, PA | $95,214,492 | $47,803,555 |
City Of Philadelphia Ttee Administering Wills Eye Institute Philadephia, PA | $137,162,653 | $37,442,119 |
Emerson Practice Associates Inc Concord, MA | $29,193,502 | $40,422,139 |
Schuyler Hospital Inc Montour Falls, NY | $54,341,361 | $39,968,023 |