Cornerstone Vna
- Assets
- $17.9m
- Revenue
- $19.4m
- Investments
- $0.0
- Employees
- 215
- Location
- Rochester, NH
- Founding
- 09/1971
- Data as of
- 12/2023
- EIN
- 02-0231026
Organization Overview
Cornerstone Vna is located in Rochester, NH. The organization was established in 1971. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Cornerstone Vna employed 215 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Vna 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 12/2023, Cornerstone Vna generated $19.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $18.6m during the year ending 12/2023. While expenses have increased by 7.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE OPTIMUM LEVEL OF WELL-BEING, INDEPENDENCE AND DIGNITY OF THOSE LIVING IN THE COMMUNITY BY PROVIDING TRUSTED, COMPASSIONATE AND EXPERT HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORNERSTONE VNA CARES FOR PEOPLE OF ALL AGES, SO THAT FAMILIES CAN STAY TOGETHER AT HOME, EVEN WHEN FACING THE CHALLENGES OF AGING, SURGICAL RECOVERY, CHRONIC OR LIFE-THREATENING ILLNESSES OR END OF LIFE CARE. OUR SKILLED TEAM OFFERS THE HIGHEST QUALITY NURSING, REHABILITATIVE THERAPIES, SOCIAL WORK, VOLUNTEER AND SUPPORT SERVICES THROUGH FIVE DISTINCT PROGRAMS: HOME CARE, HOSPICE CARE, PALLIATIVE CARE, LIFE CARE-PRIVATE DUTY, AND COMMUNITY CARE.AS A NONPROFIT ORGANIZATION, CORNERSTONE VNA IS COMMITTED TO GIVING BACK TO THE COMMUNITY BY PROVIDING WELLNESS CLINICS, TRAININGS, SUPPORT GROUPS, AND EDUCATIONAL PROGRAMS. ADDITIONALLY, THROUGH OUR "CIRCLE OF CARING" PROGRAM, WE HAVE WONDERFUL VOLUNTEERS WHO PROVIDE FRIENDLY HOME VISITS TO INDIVIDUALS IN NEED OR RESPITE CARE TO SUPPORT CAREGIVERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Archana Bhargava MD President | OfficerTrustee | 2 | $0 |
Anne Brown Vice President | OfficerTrustee | 2 | $0 |
Jacqueline Fitzpatrick Secretary | OfficerTrustee | 2 | $0 |
Melanie Dupuis Treasurer | OfficerTrustee | 2 | $0 |
Casey O'kane Board Member | Trustee | 1 | $0 |
Susan Gaudiello Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $200,810 |
| All other contributions, gifts, grants, and similar amounts not included above | $191,186 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $391,996 |
| Total Program Service Revenue | $18,658,909 |
| Investment income | $328,932 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $965 |
| Net Income from Fundraising Events | $54,670 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,435,472 |
| 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. | $586,434 |
| Compensation of current officers, directors, key employees. | $586,434 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,804,800 |
| Pension plan accruals and contributions | $257,202 |
| Other employee benefits | $1,055,740 |
| Payroll taxes | $987,215 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,000 |
| Fees for services: Accounting | $47,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,368 |
| Fees for services: Other | $205,174 |
| Advertising and promotion | $35,511 |
| Office expenses | $275,604 |
| Information technology | $634,473 |
| Royalties | $0 |
| Occupancy | $80,041 |
| Travel | $494,496 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $94,332 |
| Interest | $26,321 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $152,363 |
| Insurance | $99,721 |
| All other expenses | $0 |
| Total functional expenses | $18,621,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,175 |
| Savings and temporary cash investments | $2,524,394 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,938,807 |
| 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 | $212,043 |
| Net Land, buildings, and equipment | $2,134,520 |
| Investments—publicly traded securities | $10,982,129 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,866,068 |
| Accounts payable and accrued expenses | $1,824,480 |
| Grants payable | $0 |
| Deferred revenue | $848,723 |
| 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 | $444,153 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,117,356 |
| Net assets without donor restrictions | $13,764,133 |
| Net assets with donor restrictions | $984,579 |
| 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 | $17,866,068 |