Providence Rest
- Assets
- $38.0m
- Revenue
- $27.4m
- Investments
- $0.0
- Employees
- 265
- Location
- Bronx, NY
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 13-1740301
Organization Overview
Providence Rest, operating under the name Archcare At Providence Rest, is located in Bronx, 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 12/2021, Archcare At Providence Rest employed 265 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Archcare At Providence Rest 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, Archcare At Providence Rest generated $27.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $30.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RENDER INPATIENT MEDICAL CARE TO THE AGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR SNF OFFERS SHORT TERM REHABILITATION, SUBACUTE SERVICES, LONG TERM CARE AND RESPITE CARE. IN ADDITION, WE HAVE A COMPREHENSIVE PALLIATIVE CARE PROGRAM AND PROVIDE IN-PATIENT HOME HOSPICE CARE. OUR SERVICES FOCUS ON THE OLDER ADULTS IN OUR COMMUNITY. WE HAVE A PERSON-CENTERED PHILOSOPHY, FOCUSING ON ALL THE NEEDS OF EACH INDIVIDUAL ENTRUSTED TO US PHYSICAL, SPIRITUAL, PSYCHOLOGICAL AND SOCIAL. WE HAD 479 ADMISSIONS TO PROVIDENCE REST IN 2021, DISCHARGED 132 RESIDENTS BACK TO THEIR HOMES. WE RENDERED 54,948 DAYS OF RESIDENT CARE AND 21 DAYS OF RESPITE CARE. PROVIDENCE REST CONTINUED TO EXTEND THE BOUNDARIES OF THE HOME TO THE COMMUNITY AT LARGE, SHARING EXPERTISE, PROGRAMS AND RESOURCES, THROUGH INTERNSHIP PROGRAMS, COMMUNITY INFORMATION PROGRAMS, HEALTH FAIR PARTICIPATION AND OTHER OUTREACH EFFORTS INCLUDING PROVIDING THE BOARD OF ELECTIONS WITH PROVIDENCE AS A NEW, HANDICAPPED ACCESSIBLE POLLING SITE.
OUR OUTPATIENT PROGRAM PROVIDES PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY SERVICES TO THE ADULTS OF OUR COMMUNITY, SPECIALIZING IN REHABILITATION FOR THE SENIOR POPULATION. THE PROGRAM ALSO PROVIDES CONTINUITY FOR OUR DISCHARGED SHORT-TERM REHAB CLIENTS WHO CHOOSE TO REMAIN WITH OUR THERAPISTS FOR THEIR REHABILITATION ONCE THEY RETURN HOME. WE RENDERED 91 PATIENT VISITS DURING 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard P Biscotti Administrator | Officer | 35 | $155,881 |
Juliet Gordoncillo Rn Supervisor | 35 | $130,899 | |
Richard J Lohne Executive Director, Thru June 2021 | Officer | 35 | $107,892 |
Yakov Katsnelson Director Of Plant Maintenance | 35 | $106,616 | |
Scott P La Rue President & CEO | OfficerTrustee | 0.1 | $0 |
Annmarie Covone Executive Vp/cfo | OfficerTrustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrison Management Specialist Nutrition Mgmt Services | 12/30/21 | $1,173,110 |
Select Rehabilitation Rehab Services | 12/30/21 | $789,653 |
Essen Medical Urgicare Covid-19 Testing/lab Services | 12/30/21 | $879,616 |
Rn Express Staffing Staffing Services | 12/30/21 | $578,294 |
Catholic Health Care System Administrative Services | 12/30/21 | $500,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $107,879 |
| Related organizations | $0 |
| Government grants | $2,739,713 |
| All other contributions, gifts, grants, and similar amounts not included above | $234,479 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,082,071 |
| Total Program Service Revenue | $23,612,330 |
| Investment income | $237,559 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $380 |
| Net Gain/Loss on Asset Sales | $504,726 |
| Net Income from Fundraising Events | -$80,706 |
| Net Income from Gaming Activities | $7,312 |
| Net Income from Sales of Inventory | $13,124 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,386,418 |
| 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. | $374,617 |
| Compensation of current officers, directors, key employees. | $374,617 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,609,797 |
| Pension plan accruals and contributions | $1,265,216 |
| Other employee benefits | $3,076,407 |
| Payroll taxes | $1,283,010 |
| Fees for services: Management | $500,000 |
| Fees for services: Legal | $81,823 |
| Fees for services: Accounting | $46,500 |
| Fees for services: Lobbying | $2,385 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,565 |
| Fees for services: Other | $5,715,480 |
| Advertising and promotion | $13,570 |
| Office expenses | $606,777 |
| Information technology | $147,704 |
| Royalties | $0 |
| Occupancy | $1,231,814 |
| Travel | $1,477 |
| 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 | $2,931,009 |
| Insurance | $538,050 |
| All other expenses | $277,565 |
| Total functional expenses | $30,382,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $827,365 |
| Savings and temporary cash investments | $4,489,162 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,103,003 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $147,516 |
| Prepaid expenses and deferred charges | $203,365 |
| Net Land, buildings, and equipment | $14,369,141 |
| Investments—publicly traded securities | $14,214,907 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $625,439 |
| Total assets | $37,979,898 |
| Accounts payable and accrued expenses | $3,945,900 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $17,617,801 |
| Escrow or custodial account liability | $339,054 |
| 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 | $3,820,353 |
| Total liabilities | $25,723,108 |
| Net assets without donor restrictions | $12,256,790 |
| 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 | $37,979,898 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Providence Rest has recieved totaling $270,323.
| Awarding Organization | Amount |
|---|---|
Mother Cabrini Health Foundation New York, NY PURPOSE: POST-COVID CENSUS-BUILDING | $250,000 |
Louis Paul And Christine Padula Foundation Bronx, NY PURPOSE: RELIGION | $12,835 |
The New Yankee Stadium Community Benefits Fund Inc Bronx, NY PURPOSE: FUNDING FOR THE ORGANIZATION'S PURPOSE | $7,488 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rutland Nursing Home Inc Brooklyn, NY | $14,641,338 | $58,008,587 |
Terence Cardinal Cooke Health Care Center New York, NY | $89,661,206 | $110,033,189 |
Parker Jewish Institute For Health Care And Rehabilitation New Hyde Park, NY | $199,982,066 | $91,840,535 |
Jewish Home Lifecare Manhattan New York, NY | $92,070,146 | $86,814,145 |
The Rosalind And Joseph Gurwin Jewish Geriatric Center Of Long Is Commack, NY | $54,775,668 | $80,755,778 |
The Schulman And Schachne Institute For Nursing And Rehabilitation Inc Brooklyn, NY | $15,175,367 | $62,719,757 |
Menorah Home & Hospital For The Aged & Infirm Brooklyn, NY | $95,922,650 | $81,993,639 |
Orlando Rehabilitation Group Inc Bala Cynwyd, PA | $57,006,179 | $68,104,174 |
Pittsburgh Care Partnership Inc Community Life Pittsburgh, PA | $51,132,739 | $72,021,182 |
Loretto Health And Rehabilitation Center Syracuse, NY | $32,645,614 | $69,232,567 |
Mary Manning Walsh Nursing Home Co Inc New York, NY | $75,917,101 | $69,028,602 |
Amsterdam Nursing Home Corporation New York, NY | $69,684,595 | $65,318,560 |