Village Center For Care
- Assets
- $102.2m
- Revenue
- $30.1m
- Investments
- $0.0
- Employees
- 156
- Location
- New York, NY
- Founding
- 02/1978
- Data as of
- 12/2022
- EIN
- 13-2911059
Organization Overview
Village Center For Care is located in New York, NY. The organization was established in 1978. 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, Village Center For Care employed 156 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village Center For Care 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, Village Center For Care generated $30.1m 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 (13.6%) each year. All expenses for the organization totaled $21.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.0%) 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
VILLAGE CENTER FOR CARE OPERATES A 105- BED SKILLED NURSING FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKILLED NURSING FACILITY - PROVIDED 35,843 DAYS OF QUALITY CARE AND REHABILITATION SERVICES TO 1,126 PATIENTS IN A REHABILITATION AND NURSING FACILITY IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emma Devito President And Ceo/director | OfficerTrustee | 7 | $0 |
Jill Moscowitz Chief Legal Officer | Officer | 10.5 | $0 |
Debra Tirado CFO | Officer | 7 | $0 |
Michael Schrieber Administrator | Officer | 37.5 | $250,000 |
Neil Rubin Director Of Admissions | 37.5 | $149,377 | |
Pamela Villavicencio Director Of Assessment & Clini | 37.5 | $139,773 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Theradynamics Physical Rehab Pc Therapy Services | 12/30/22 | $2,669,274 |
Cassena Care Llc Consulting & Support | 12/30/22 | $483,494 |
Allied Universal Security Services Security | 12/30/22 | $210,726 |
Optiquest Resources Llc Temp Agency | 12/30/22 | $343,105 |
Hamilton Johnston Co Inc Investment Services | 12/30/22 | $246,487 |
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 | $1,249,799 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,249,799 |
| Total Program Service Revenue | $27,810,082 |
| Investment income | $416,962 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $662,373 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,139,216 |
| 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. | $250,000 |
| Compensation of current officers, directors, key employees. | $6,067 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,424,079 |
| Pension plan accruals and contributions | $590,668 |
| Other employee benefits | $1,339,766 |
| Payroll taxes | $636,709 |
| Fees for services: Management | $100,000 |
| Fees for services: Legal | $3,893 |
| Fees for services: Accounting | $93,600 |
| Fees for services: Lobbying | $5,370 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $371,677 |
| Fees for services: Other | $5,484,867 |
| Advertising and promotion | $11,029 |
| Office expenses | $841,014 |
| Information technology | $85,388 |
| Royalties | $0 |
| Occupancy | $952,416 |
| Travel | $12,058 |
| 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 | $0 |
| Insurance | $305,582 |
| All other expenses | $0 |
| Total functional expenses | $21,810,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,155,613 |
| Savings and temporary cash investments | $10,219 |
| Pledges and grants receivable | $440,976 |
| Accounts receivable, net | $3,744,484 |
| 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 | $767,398 |
| Net Land, buildings, and equipment | $25,375,883 |
| Investments—publicly traded securities | $44,659,355 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,039,332 |
| Total assets | $102,193,260 |
| Accounts payable and accrued expenses | $2,297,970 |
| Grants payable | $0 |
| Deferred revenue | $4,092 |
| Tax-exempt bond liabilities | $11,455,000 |
| Escrow or custodial account liability | $10,219 |
| 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 | $9,094,871 |
| Total liabilities | $22,862,152 |
| Net assets without donor restrictions | $79,331,108 |
| 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 | $102,193,260 |