Elderplan Inc
- Assets
- $441.0m
- Revenue
- $1.1b
- Investments
- $0.0
- Employees
- 951
- Location
- Brooklyn, NY
- Founding
- 03/1983
- Data as of
- 12/2021
- EIN
- 11-2625096
Organization Overview
Elderplan Inc is located in Brooklyn, NY. The organization was established in 1983. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 12/2021, Elderplan Inc employed 951 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elderplan 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, Elderplan Inc generated $1.1b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.1b during the year ending 12/2021. While expenses have increased by 4.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A MEDICARE MANAGED CARE AND MEDICAID MANAGED LONG TERM CARE PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A NOT-FOR-PROFIT HEALTH PLAN THAT'S DEDICATED TO CARING FOR NEW YORKERS, ELDERPLAN (INCLUDING HOMEFIRST - ONE OF THE OLDEST, AND TODAY ONE OF THE LARGEST AND MOST HIGHLY-RATED, MANAGED LONG-TERM CARE PLANS IN NY STATE) IS COMMITTED TO SERVING THE NEEDS OF AT RISK, LARGELY DUAL-ELIGIBLE, MEMBERS OF THE COMMUNITY OF ALL RELIGIOUS AND CULTURAL BACKGROUNDS AS WELL AS GENDER IDENTITY, SEXUAL ORIENTATION AND MILITARY STATUS. A MEMBER OF MJHS HEALTH SYSTEM, ELDERPLAN CARRIES ON A TRADITION OF COMPASSION, DIGINITY AND RESPECT, FIRST ESTABLISHED BY THE FOUR BROOKLYN LADIES IN 1907. ELDERPLAN OFFERS SPECIAL NEEDS PLANS TO HELP BENEFICIARIES RECEIVE THE CARE COORDINATION AND HEALTH-RELATED SERVICES NECESSARY FOR THEM TO REMAIN SAFELY AT HOME. ELDERPLAN ALSO OFFERS A HEALTH PLAN FOR BENEFICIARIES WHO LIVE IN CONTRACTED NURSING HOMES. AS A NOT-FOR-PROFIT, ELDERPLAN REINVESTS EARNINGS TO BRING THEIR MEMBERS IMPROVED BENEFITS. ELDERPLAN BELIEVES THAT HEALTH CARE IS MORE THAN JUST CARING FOR PEOPLE, IT'S CARING ABOUT THEM TOO. AS OF 12/31/2021, ELDERPLAN (INCLUSIVE OF HOMEFIRST) CARED FOR 26,396 MEMBERS ACROSS NYC, WESTCHESTER, NASSAU, SUFFOLK, PUTNAM, ROCKLAND, DUCHESS, ORANGE, SULLIVAN, ULSTER, AND MONROE COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Saiful Khan Svp, Health Plan Sales | 35 | $523,346 | |
David Koschitzki Cfo, Health Plans | Officer | 35 | $520,347 |
Gilbert Burgos Executive Director Of Medical | 29 | $391,425 | |
Laurissa Burns Svp, Management Services & Med | 35 | $389,129 | |
Felicia Dyer Johnson SVP Of Health Plan Operations | 35 | $380,989 | |
Diana Gelfand VP Of Health Plan Care Mngmt | 35 | $376,948 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Milenia Care Llc Administrative Svc | 12/30/21 | $3,062,618 |
Harmelin Media Advertising | 12/30/21 | $1,960,291 |
Salesforce Software Licenses | 12/30/21 | $1,650,211 |
Command Printing | 12/30/21 | $1,454,994 |
Modivcare Solutions Llc Administrative Svcs | 12/30/21 | $1,490,138 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,133,490,461 |
| Investment income | $2,095,429 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,417,132 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,142,003,022 |
| 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. | $632,718 |
| Compensation of current officers, directors, key employees. | $632,718 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,978,202 |
| Pension plan accruals and contributions | $3,584,930 |
| Other employee benefits | $12,805,475 |
| Payroll taxes | $5,300,013 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $486,273 |
| Fees for services: Accounting | $382,597 |
| Fees for services: Lobbying | $72,910 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $872,904,852 |
| Advertising and promotion | $4,491,834 |
| Office expenses | $6,052,403 |
| Information technology | $7,269 |
| Royalties | $0 |
| Occupancy | $1,687,800 |
| Travel | $2,722,889 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,657,759 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,121,689,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $206,421,564 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,619,467 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $883,094 |
| Net Land, buildings, and equipment | $11,161,231 |
| Investments—publicly traded securities | $169,616,677 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,309,455 |
| Total assets | $441,011,488 |
| Accounts payable and accrued expenses | $68,757,646 |
| 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 | $131,524,588 |
| Total liabilities | $200,282,234 |
| Net assets without donor restrictions | $172,638,976 |
| Net assets with donor restrictions | $68,090,278 |
| 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 | $441,011,488 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health New England & Subsidiaries Springfield, MA | $263,944,212 | $871,340,973 |
Wellspan Medical Group York, PA | $140,592,269 | $745,783,571 |
St Lukes Physician Group Inc Allentown, PA | $77,606,071 | $634,645,551 |
Lehigh Valley Physician Group Allentown, PA | $433,846,962 | $621,243,367 |
Northeast Medical Group Inc Stratford, CT | $99,889,150 | $520,118,804 |
Amida Care Inc New York, NY | $166,110,282 | $443,931,771 |
Childrens Hospital Pediatric Associates Inc Boston, MA | $604,665,745 | $336,951,533 |
Chs Physician Partners Pc Roslyn, NY | $61,423,993 | $204,939,316 |
Tufts Medical Center Physicians Organization Inc Boston, MA | $63,599,965 | $314,022,993 |
Nuvance Health Medical Practice Ct Inc Bethel, CT | $51,472,052 | $295,023,966 |
Childrens Health Care Associates Inc Philadelphia, PA | $189,904,169 | $296,151,416 |
New York Queens Medicine And Surgery Pc Flushing, NY | $27,206,982 | $238,033,722 |