Tolstoy Foundation Nursing Home Company Inc is located in Valley Cottage, NY. The organization was established in 1967. 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, Tolstoy Foundation Nursing Home Company Inc employed 160 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tolstoy Foundation Nursing Home Company 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, Tolstoy Foundation Nursing Home Company Inc generated $10.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $11.5m during the year ending 12/2021. While expenses have increased by 4.3% 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
TO PROVIDE NURSING CARE&REHABILITATION SERVICES TO ELDERLY PATIENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE NURSING CARE TO THE ELDERLY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sharon Prager Gold Director Of Rehabilitation Services | 40 | $119,992 | |
Dorothy Corbett Administrator / CEO | OfficerTrustee | 40 | $119,971 |
Courtney A Modafferi Director Of Nursing | 40 | $106,998 | |
Dr Andrew Kotchoubey PHD Chairman | OfficerTrustee | 5 | $0 |
George Soroka Board Member | OfficerTrustee | 5 | $0 |
Alexander Benzemann Board Member | OfficerTrustee | 5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Preferred Therapy Therapy Services | 12/30/21 | $499,019 |
Nutrition Management Dietary Services | 12/30/21 | $451,730 |
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 | $10,118,677 |
Investment income | $0 |
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 | $10,161,412 |
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 | $5,345,065 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $1,742,239 |
Payroll taxes | $396,252 |
Fees for services: Management | $0 |
Fees for services: Legal | $48,688 |
Fees for services: Accounting | $46,178 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $4,073 |
Office expenses | $22,237 |
Information technology | $57,086 |
Royalties | $0 |
Occupancy | $0 |
Travel | $317 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $64,122 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $125,332 |
Insurance | $141,817 |
All other expenses | $2,040,642 |
Total functional expenses | $11,462,500 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $179,263 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,539,946 |
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 | $135,599 |
Net Land, buildings, and equipment | $514,578 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $73,564 |
Total assets | $2,442,950 |
Accounts payable and accrued expenses | $2,330,413 |
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 | $2,821,199 |
Total liabilities | $5,151,612 |
Net assets without donor restrictions | -$2,708,662 |
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 | $2,442,950 |
Over the last fiscal year, we have identified 1 grants that Tolstoy Foundation Nursing Home Company Inc has recieved totaling $16.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
Organization Name | Assets | Revenue |
---|---|---|
Cobble Hill Health Center Inc Brooklyn, NY | $104,850,612 | $51,888,626 |
Morris Hall St Lawrence Inc Lawrenceville, NJ | $55,795,819 | $48,236,558 |
Jewish Home Lifecare Sarah Neuman Center Westchester New York, NY | $40,158,579 | $47,212,238 |
United Home For Aged Hebrews New Rochelle, NY | $40,914,674 | $49,305,789 |
Carmel Richmond Nursing Home Inc Staten Island, NY | $55,443,617 | $48,780,538 |
New England Deaconess Association Concord, MA | $168,661,233 | $42,765,861 |
Madlyn And Leonard Abramson Center For Jewish Life Blue Bell, PA | $70,280,035 | $47,324,338 |
Ozanam Hall Of Queens Nursing Home Inc Bayside, NY | $72,263,682 | $46,054,461 |
The Northeast Health Group Inc Bala Cynwyd, PA | $20,717,577 | $41,701,178 |
Phoebe Home Inc Allentown, PA | $44,042,871 | $37,033,122 |
Wesley Health Care Center Inc Saratoga Springs, NY | $29,960,994 | $37,958,192 |
St Johns Health Care Corporation Rochester, NY | $28,699,154 | $43,446,483 |