Our Lady Of Consolation Nursing & Rehabilitative Care Center
- Assets
- $43.5m
- Revenue
- $41.4m
- Investments
- $0.0
- Employees
- 479
- Location
- West Islip, NY
- Founding
- 03/1946
- Data as of
- 12/2022
- EIN
- 11-3284066
Organization Overview
Our Lady Of Consolation Nursing & Rehabilitative Care Center, operating under the name Olc Nursing & Rehab Center, is located in West Islip, NY. The organization was established in 1946. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2022, Olc Nursing & Rehab Center employed 479 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Olc Nursing & Rehab Center 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 12/2022, Olc Nursing & Rehab Center generated $41.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $49.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE, AT CH, HUMBLY JOIN TOGETHER TO BRING CHRISTS HEALING MISSION AND THE MISSION OF MERCY OF THE CATHOLIC CHURCH EXPRESSED IN CATHOLIC HEALTH CARE TO OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FACILITY PROVIDES SKILLED CARE FOR UP TO 345 RESIDENTS ON A DAILY BASIS. THE FACILITY PROVIDED CARE FOR 85,927 DAYS FOR THE YEAR 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Carlin Dir Medical Svcs Thru 9/1/2020 | 0 | $0 | |
Aekyung Lee Rn | 50 | $380,130 | |
James Ryan Cao | Officer | 50 | $335,177 |
Theresa Rosenthal VP Clinical Services | Officer | 50 | $270,578 |
John Haight V/p Finance Continuing Care | Officer | 50 | $245,812 |
Dawn Kollen Rn | 50 | $173,704 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Schwartz Sladkus Reich Greenberg Collection Fees | 12/30/22 | $209,739 |
Sysco Long Island Llc Wholesale Food Suppl | 12/30/22 | $730,287 |
Jdc Energy Services Llc Construction | 12/30/22 | $159,588 |
Imperial Bag Paper Co Llc Pharmaceutical Suppl | 12/30/22 | $151,461 |
Healthpro Management Services Llc Rehabilitation | 12/30/22 | $149,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,080,882 |
| All other contributions, gifts, grants, and similar amounts not included above | $527,999 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,608,881 |
| Total Program Service Revenue | $36,056,887 |
| Investment income | $33,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $655,215 |
| Net Gain/Loss on Asset Sales | $428 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,442,045 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,850 |
| 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. | $1,006,043 |
| Compensation of current officers, directors, key employees. | $684,843 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,921,508 |
| Pension plan accruals and contributions | $1,558,465 |
| Other employee benefits | $8,646,977 |
| Payroll taxes | $1,905,300 |
| Fees for services: Management | $103,723 |
| Fees for services: Legal | $19,733 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $2,006 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,725,119 |
| Advertising and promotion | $8,741 |
| Office expenses | $1,970,098 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $864,516 |
| Travel | $2,831 |
| 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 | $1,456,898 |
| Insurance | $1,131,021 |
| All other expenses | $495,402 |
| Total functional expenses | $49,418,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,492,251 |
| Savings and temporary cash investments | $260,198 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,531,122 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $135,399 |
| Prepaid expenses and deferred charges | $551,991 |
| Net Land, buildings, and equipment | $26,751,833 |
| Investments—publicly traded securities | $68 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,811,685 |
| Total assets | $43,534,547 |
| Accounts payable and accrued expenses | $9,809,237 |
| 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 | $47,159,156 |
| Total liabilities | $56,968,393 |
| Net assets without donor restrictions | -$13,694,044 |
| Net assets with donor restrictions | $260,198 |
| 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 | $43,534,547 |