League Of Voluntary Hospitals & Homes Of New York
- Assets
- $13.1m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 6
- Location
- New York, NY
- Founding
- 06/1968
- Data as of
- 09/2021
- EIN
- 13-2601380
Organization Overview
League Of Voluntary Hospitals & Homes Of New York is located in New York, NY. The organization was established in 1968. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, League Of Voluntary Hospitals & Homes Of New York employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. League Of Voluntary Hospitals & Homes Of New York is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2021, League Of Voluntary Hospitals & Homes Of New York generated $5.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $4.0m during the year ending 09/2021. While expenses have increased by 1.1% per year over the past 6 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
THE ORGANIZATION PROMOTES THE GENERAL WELFARE OF ITS MEMBER HOSPITALS AND HOMES AND ESTABLISHES AND MAINTAINS A BASIS FOR COOPERATION AMONG ITS MEMBER HOSPITALS AND HOMES IN FIELD OF COLLECTIVE BARGANING AND PERSONNEL ADMINISTRATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LEAGUE OF VOLUNTARY HOSPITALS AND HOMES OF NEW YORK IS AN ASSOCIATION, FORMED IN 1967, OF NON-PROFIT MEDICAL CENTERS, HOSPITALS, NURSING HOMES AND THEIR AFFILIATED FACILITIES IN THE GREATER NEW YORK METROPOLITAN AREA AND OTHER EMPLOYERS WITH EMPLOYEES REPRESENTED FOR COLLECTIVE BARGAINING BY 1199 SEIU. THE LEAGUE ACTS AS THE BARGANING AGENT FOR ITS MEMBERS IN LABOR CONTRACTS AND REPRESENTS THEM PRIMARILY IN THE NEGOTIATIONS WITH 1199 SEIU, UNITED HEALTHCARE WORKERS EAST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Kramer President | Officer | 40 | $653,232 |
Jenna Hayes Senior Vice President | Officer | 40 | $173,391 |
Sean Moore Assistant Vice President Of Membership | Officer | 40 | $100,674 |
Steven Corwin MD Chairman | OfficerTrustee | 0.5 | $0 |
Michael Dowling Secretary | OfficerTrustee | 0.5 | $0 |
Joseph Lhota Treasurer | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Putney Twombly Hall & Hirson Llp Legal Services | 9/29/21 | $354,469 |
Proskauer Rose Llp Legal Services | 9/29/21 | $475,892 |
Howard Green Financial Consultant | 9/29/21 | $146,334 |
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 | $5,379,634 |
| Investment income | $349,629 |
| 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 | $5,731,586 |
| 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. | $995,398 |
| Compensation of current officers, directors, key employees. | $184,149 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $163,186 |
| Pension plan accruals and contributions | $185,615 |
| Other employee benefits | $0 |
| Payroll taxes | $64,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $953,236 |
| Fees for services: Accounting | $60,331 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,881 |
| Advertising and promotion | $0 |
| Office expenses | $14,628 |
| Information technology | $33,134 |
| Royalties | $0 |
| Occupancy | $223,517 |
| Travel | $4,396 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,073 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,275 |
| Insurance | $35,081 |
| All other expenses | $0 |
| Total functional expenses | $3,997,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,123,190 |
| Savings and temporary cash investments | $1,196,851 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,534 |
| 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 | $10,725 |
| Net Land, buildings, and equipment | $19,730 |
| Investments—publicly traded securities | $9,514,461 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,123,746 |
| Total assets | $13,065,237 |
| Accounts payable and accrued expenses | $452,308 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $66,861 |
| 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 | $604,801 |
| Total liabilities | $1,123,970 |
| Net assets without donor restrictions | $11,941,267 |
| 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 | $13,065,237 |
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|---|---|---|
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