Cornerstone Family Healthcare
- Assets
- $46.0m
- Revenue
- $50.6m
- Investments
- $31.3k
- Employees
- 832
- Location
- Cornwall, NY
- Founding
- 01/1982
- Data as of
- 12/2020
- EIN
- 06-1036715
Organization Overview
Cornerstone Family Healthcare is located in Cornwall, NY. The organization was established in 1982. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2021, Cornerstone Family Healthcare employed 832 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Family Healthcare 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, Cornerstone Family Healthcare generated $50.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $49.1m during the year ending 12/2020. While expenses have increased by 10.1% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTHCARE SERVICES TO THE MEDICALLY UNDERSERVED AND THOSE WITHOUT ACCESS TO CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A WIDE RANGE OF HEALTH SERVICES TO A LARGELY MEDICALLY UNDERSERVED POPULATION. IN 2021, WE HAD 257,105 PATIENT VISITS, WHICH INCLUDES 60,842 OASAS METHADONE VISITS, AND OASAS SUBSTANCE ABUSE REHAB VISITS OF 5,742.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Muller President & CEO | Officer | 35 | $680,515 |
Avi Silber MD Chief Medical Officer | Officer | 35 | $376,697 |
Patrick Murphy Outgoing Chief Financial Officer | Officer | 35 | $354,423 |
Ryan Meshulam Chief Of Psychiatry | 35 | $306,678 | |
Gbolagade O Babalola Physician | 35 | $306,302 | |
David Jolly Chief Operating Officer | Officer | 35 | $304,185 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bioreference Laboratories Inc Lab Services | 12/30/21 | $356,189 |
Cohnreznick Llp Accounting | 12/30/21 | $233,550 |
340b Technologies Administrative | 12/30/21 | $342,924 |
Hudson Valley Perinatal Consulting Pllc Medical Consulting | 12/30/21 | $175,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $131,329 |
| Related organizations | $0 |
| Government grants | $15,334,041 |
| All other contributions, gifts, grants, and similar amounts not included above | $812,671 |
| Noncash contributions included in lines 1a–1f | $1,024,065 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,278,041 |
| Total Program Service Revenue | $34,090,037 |
| Investment income | $11,411 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$23,287 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,605,284 |
| 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. | $1,568,714 |
| Compensation of current officers, directors, key employees. | $203,932 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,588,064 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,445,553 |
| Payroll taxes | $2,310,805 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $93,020 |
| Fees for services: Accounting | $209,638 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $906,991 |
| Advertising and promotion | $0 |
| Office expenses | $464,618 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $657,565 |
| Travel | $40,930 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,570 |
| Interest | $699,318 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,781,627 |
| Insurance | $288,956 |
| All other expenses | $1,672,626 |
| Total functional expenses | $49,099,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $807,919 |
| Savings and temporary cash investments | $3,443,242 |
| Pledges and grants receivable | $4,769,478 |
| Accounts receivable, net | $5,829,699 |
| 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 | $777,687 |
| Net Land, buildings, and equipment | $27,049,890 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $31,259 |
| Investments—program-related | $0 |
| Intangible assets | $1,688,892 |
| Other assets | $1,556,559 |
| Total assets | $45,954,625 |
| Accounts payable and accrued expenses | $5,459,408 |
| 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 | $15,573,878 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,644,880 |
| Total liabilities | $23,678,166 |
| Net assets without donor restrictions | $20,002,694 |
| Net assets with donor restrictions | $2,273,765 |
| 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 | $45,954,625 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Cornerstone Family Healthcare has recieved totaling $56,879.
| Awarding Organization | Amount |
|---|---|
Miles Of Hope Breast Cancer Foundation Inc Lagrangeville, NY PURPOSE: MEDICAL GAP CARE | $50,000 |
St Lukes Cornwall Hospital Newburgh, NY PURPOSE: Sponsorship | $6,200 |
Pcsb Community Foundation Yorktown Heights, NY PURPOSE: CHARITABLE SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $179 |
Endowment Analysis
| Beg. Balance | $903,018 |
| Net Contributions | $8,996 |
| Other Expense | $200,000 |
| Ending Balance | $712,014 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Healthcare Network Inc New York, NY | $116,375,376 | $109,995,395 |
Community Health Project Inc New York, NY | $98,075,603 | $99,211,868 |
Riverbend Medical Group Inc Hartford, CT | $29,434,507 | $79,136,348 |
Signature Healthcare Medical Group Inc Brockton, MA | $35,048,796 | $73,463,169 |
Harbor Health Services Inc Mattapan, MA | $64,061,825 | $83,480,728 |
Morris Heights Health Center Inc Bronx, NY | $82,782,055 | $68,846,088 |
Greater Lawrence Family Health Center Inc Methuen, MA | $53,771,821 | $80,885,581 |
Cornell Scott Hill Health Corporation New Haven, CT | $53,591,940 | $82,156,450 |
Greater Philadelphia Health Action Philadelphia, PA | $86,083,655 | $90,116,312 |
Lynn Community Health Inc Lynn, MA | $37,031,099 | $77,579,888 |
Refuah Health Center Inc Spring Valley, NY | $86,079,660 | $83,793,686 |
William F Ryan Community Health Center Inc New York, NY | $83,034,128 | $83,576,380 |