Hudson Valley Care Centers Inc
- Assets
- $611.7k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Haverhill, MA
- Founding
- 06/2000
- Data as of
- 12/2020
- EIN
- 06-1553878
Organization Overview
Hudson Valley Care Centers Inc is located in Haverhill, MA. The organization was established in 2000. 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. Hudson Valley Care Centers 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, Hudson Valley Care Centers Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (31.0%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (32.4%) per year over the past 6 years. 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
THE ORGANIZATION'S MISSION IS TO SERVE ADULTS WITH MEDICAL ISSUES IN COLUMBIA AND GREENE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUDSON VALLEY CARE CENTER - OPERATED OF A 120-BED SKILLED NURSING AND 80-BED ADULT DAY CARE FACILITY IN GHENT, NEW YORK. THE ORGANIZATION SERVES ADULTS WITH MEDICAL ISSUES IN THE GREATER COLUMBIA AND GREENE COUNTY COMMUNITIES BY PROVIDING COMPREHENSIVE RESIDENTIAL HEALTH CARE FACILITIES AND SERVICES. IN 2020, THE ORGANIZATION SOLD AND CEASED OPERATIONS AND IS IN THE PROCESS OF WINDING DOWN. PRIOR TO THE SALE, HUDSON VALLEY CARE CENTER OPERATED A 120- BED SKILLED NURSING AND 80- BED ADJUST DAY CARE FACILITY IN GHENT, NEW YORK. THE ORGANIZATION SERVICED ADULTS WITH MEDICAL ISSUES IN THE GREATER COLUMBIA AND GREEN COMMUNITIES BY PROVIDING COMPREHENSIVE RESIDENTIAL HEALTH CARE FACILITIES AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Kolofoles Treasurer | OfficerTrustee | 0.25 | $0 |
Roger Boeckmann Clerk | OfficerTrustee | 0.25 | $0 |
Keith Anastasy President | OfficerTrustee | 0.25 | $0 |
M Paul Iannuccillo Director | Trustee | 0.25 | $0 |
Darlene Pas Director | Trustee | 0.25 | $0 |
Joseph Pas Director | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthpro Therapy Llc Pt, Ot, & Speech Therapy Purchased Servi | 12/30/18 | $872,473 |
Clarus Linen Systems Outside Laundry/ Linen Services | 12/30/18 | $124,401 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $19,728 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $888,616 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,399,284 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $329,150 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $68,880 |
| Payroll taxes | $29,705 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,018 |
| Fees for services: Accounting | $82,008 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $210 |
| Office expenses | $68,168 |
| Information technology | $28,240 |
| Royalties | $0 |
| Occupancy | $39,681 |
| Travel | $362 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $473,622 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,705 |
| Insurance | $16,368 |
| All other expenses | $0 |
| Total functional expenses | $1,378,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $463,327 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,313 |
| 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 | $7,776 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $81,325 |
| Total assets | $611,741 |
| Accounts payable and accrued expenses | $33,117 |
| 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 | $5,090,864 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $733,826 |
| Total liabilities | $5,857,807 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$5,246,066 |
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