Riseboro Homecare Inc
- Assets
- $12.5m
- Revenue
- $39.8m
- Investments
- $0.0
- Employees
- 1,200
- Location
- Brooklyn, NY
- Founding
- 06/1980
- Data as of
- 06/2022
- EIN
- 11-2521680
Organization Overview
Riseboro Homecare Inc is located in Brooklyn, NY. The organization was established in 1980. According to its NTEE Classification (P44) the organization is classified as: In-Home Assistance, under the broad grouping of Human Services and related organizations. As of 06/2022, Riseboro Homecare Inc employed 1,200 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riseboro Homecare 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 06/2022, Riseboro Homecare Inc generated $39.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $36.7m during the year ending 06/2022. While expenses have increased by 0.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RISEBORO HOMECARE, A NEW YORK STATE DEPARTMENT OF HEALTH LICENSED HOME HEALTH AGENCY, HAS A MISSION TO PROVIDE COMPREHENSIVE, QUALITY HOME CARE SERVICES TO THE FRAIL, THE ELDERLY AND THE DISABLED WITHOUT REGARD TO RACE, ETHNICITY, SEXUAL ORIENTATION, ECONOMIC RESOURCES, DEVELOPMENTAL DISABILITIES OR OTHER MEDICAL CONDITIONS.RISEBORO HOMECARE ASSISTS CLIENTS IN MAINTAINING THEIR INDEPENDENCE BY ASSISTING THEM WITH ACTIVITIES OF DAILY LIVING, WHICH ENABLE THEM TO FUNCTION AS INDEPENDENTLY AS POSSIBLE IN THEIR COMMUNITY WHILE MAINTAINING THEIR DIGNITY AND SELF ESTEEM. WE DO THIS THROUGH THE PROVISION OF DIGNIFIED, CULTURALLY SENSITIVE, ACCESSIBLE, QUALITY HOMECARE SERVICES IN AN INDIVIDUALIZED AND FAMILY CENTERED ENVIRONMENT.WE SEEK TO EMPOWER INDIVIDUALS AND THEIR FAMILIES OR INFORMAL SUPPORTS TO IMPROVE AND ACHIEVE A BETTER QUALITY OF LIFE IN HEALTHY HOME ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGED CARE PROGRAMRISEBORO HOMECARE IS DEDICATED IN PROVIDING QUALITY, COMPASSIONATE AND SUPPORTIVE SERVICES IN AN ETHICAL MANNER TO HOME CARE CLIENTS WITHIN THE NEW YORK CITY. THE SERVICES PERFORMED WITH DIGNITY AND RESPECT, ARE AVAILABLE TO INDIVIDUALS OF ALL AGES REGARDLESS OF RACE, CREED, DISABILITY OR NATIONAL ORIGIN.
MEDICAID PROGRAMHOMECARE SERVICES PROVIDED TO DISABLED AND/OR ELDERLY INDIVIDUALS AS DETERMINED BY CONTRACT WITH THE CITY OF NEW YORK HUMAN RESOURCE ADMINISTRATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John D Shuck Chairperson | OfficerTrustee | 0.5 | $0 |
Virginia Torres Secretary | OfficerTrustee | 0.2 | $0 |
Larry Fernandez Treasurer | OfficerTrustee | 0.2 | $0 |
Jonathan Holman Director | Trustee | 0.2 | $0 |
Joann Stock Director | Trustee | 0.2 | $0 |
Catherine Kim Director | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sandsport Data Services Inc It Services | 6/29/22 | $201,579 |
Wonder Integrated Group Marketing Services | 6/29/22 | $200,281 |
Pkf O'connor Davies Llp Accounting Services | 6/29/22 | $158,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,814,370 |
| 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 | $5,814,370 |
| Total Program Service Revenue | $33,976,997 |
| Investment income | $12,856 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,815,488 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,757,579 |
| Pension plan accruals and contributions | $501,766 |
| Other employee benefits | $3,334,425 |
| Payroll taxes | $2,812,310 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,968 |
| Fees for services: Accounting | $58,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $435,800 |
| Advertising and promotion | $157,868 |
| Office expenses | $127,067 |
| Information technology | $13,129 |
| Royalties | $0 |
| Occupancy | $149,793 |
| Travel | $28,325 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,249 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $311,331 |
| All other expenses | $2,590 |
| Total functional expenses | $36,716,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $480,193 |
| Savings and temporary cash investments | $97,216 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,205,448 |
| 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 | $34,028 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,728,194 |
| Total assets | $12,545,079 |
| Accounts payable and accrued expenses | $4,608,581 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,327,253 |
| Total liabilities | $6,935,834 |
| Net assets without donor restrictions | $5,609,245 |
| 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 | $12,545,079 |