Elderplan Inc
- Assets
- $678.0m
- Revenue
- $1.6b
- Investments
- $0.0
- Employees
- 1,141
- Location
- New York, NY
- Founding
- 03/1983
- Data as of
- 12/2023
- EIN
- 11-2625096
Organization Overview
Elderplan Inc is located in New York, 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 12/2023, Elderplan Inc employed 1,141 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 12/2023, Elderplan Inc generated $1.6b in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.6b during the year ending 12/2023. While expenses have increased by 7.1% 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
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-ELEGIBLE, MEMBERS OF THE COMMUNITY OF ALL RELIGIOUS AND CULTURAL BACKGROUNDS AS WELL AS GENDER IDENTITY, SEXUAL ORIENTATION AND MILITARY STATUS. A MEMBER OF THE MJHS HEALTH SYSTEM FAMILY, 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 SUPPORT, GUIDANCE, CARE COORDINATION AND HEALTH-RELATED SERVICES NECESSARY FOR THEM TO REMAIN SAFELY AT HOME. ELDERPLAN ALSO OFFERS HEALTH PLANS FOR BENEFICIARIES WHO LIVE IN CONTRACTED NURSING HOMES AND ASSISTED LIVING COMMUNITIES. AS A NOT-FOR-PROFIT, ELDERPLAN REINVESTS EARNINGS TO BRING ITS MEMBERS IMPROVED BENEFITS. ELDERPLAN BELIEVES THAT HEALTH CARE IS MORE THAN JUST CARING FOR PEOPLE, IT'S CARING ABOUT THEM TOO. AS OF 12/31/2023, ELDERPLAN (INCLUSIVE OF HOMEFIRST) CARED FOR 34,857 MEMBERS ACROSS NYC, WESTCHESTER, NASSAU, SUFFOLK, PUTNAM, ROCKLAND, DUCHESS, ONTARIO, ORLEANS, SENECA, SULLIVAN, ULSTER, YATES, LIVINGSTON ORANGE, AND MONROE COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Wagner Ceo/president | OfficerTrustee | 20.93 | $0 |
David Koschitzki Chief Financial Officer | Officer | 23.12 | $0 |
Christina Van Vort Chief Legal Officer | Officer | 23.54 | $0 |
Laurissa Burns Chief Administrative Officer | Officer | 35 | $509,957 |
Diana Gelfand Chief Clinical Officer | Officer | 35 | $479,512 |
Gilbert Burgos Ed Of Medical Affairs | 29 | $391,406 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Assistcarehome Healthcare Services Lic Home Care Agency | 12/30/23 | $31,864,241 |
Cvscaremark Pharmacy Benefit Mgr | 12/30/23 | $99,152,077 |
Bestcare Inc Lic Home Care Agency | 12/30/23 | $30,038,047 |
C And T Homecare Services Llc Lic Home Care Agency | 12/30/23 | $27,739,130 |
Care Finders Llc Lic Home Care Agency | 12/30/23 | $26,392,435 |
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 | $1,584,100,434 |
| Investment income | $11,875,484 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,614,206 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,594,361,712 |
| 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. | $1,121,895 |
| Compensation of current officers, directors, key employees. | $1,121,895 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,097,093 |
| Pension plan accruals and contributions | $3,372,005 |
| Other employee benefits | $15,096,211 |
| Payroll taxes | $6,090,096 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $561,572 |
| Fees for services: Accounting | $263,413 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,359,270,909 |
| Advertising and promotion | $4,399,948 |
| Office expenses | $15,058,216 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,516,623 |
| Travel | $492,970 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $109,864 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,018,891 |
| Insurance | $40,428 |
| All other expenses | $0 |
| Total functional expenses | $1,561,824,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $231,160,691 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $87,297,321 |
| 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 | $1,087,159 |
| Net Land, buildings, and equipment | $34,840,024 |
| Investments—publicly traded securities | $188,188,644 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $125,435,415 |
| Total assets | $678,009,254 |
| Accounts payable and accrued expenses | $107,338,726 |
| 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 | $282,474,657 |
| Total liabilities | $389,813,383 |
| Net assets without donor restrictions | $288,195,871 |
| 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 | $678,009,254 |