Visiting Nurse Service Of New York
- Assets
- $828.6m
- Revenue
- $46.5m
- Investments
- $105.8m
- Employees
- 1,115
- Location
- New York, NY
- Founding
- 02/1985
- Data as of
- 12/2021
- EIN
- 13-3189926
Organization Overview
Visiting Nurse Service Of New York, operating under the name Vns Health, is located in New York, NY. The organization was established in 1985. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 12/2023, Vns Health employed 1,115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vns Health 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, Vns Health generated $46.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $21.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Vns Health has awarded 106 individual grants totaling $54,703,039. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH AND WELL-BEING OF PEOPLE THROUGH HIGH-QUALITY, COST EFFECTIVE HEALTHCARE IN THE HOME AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, VISITING NURSE SERVICES OF NEW YORK D/B/A VNS HEALTH ("VNS HEALTH") RECEIVED MONIES FOR GRANTS AND PROVIDED MONETARY SUPPORT TO OTHER TAX EXEMPT AFFILIATES WHICH IMPROVED THE LIVES OF TENS OF THOUSANDS OF NEW YORKERS, YOUNG AND OLD, INCLUDING THE UNINSURED AND UNDERINSURED THROUGH EXPANDED ACCESS TO CARE TO UNDERSERVED INDIVIDUALS AND COMMUNITIES, SUPPORT AGING IN PLACE, ADVANCE RESEARCH AND PROGRAM DEVELOPMENT, PROVIDE OPPORTUNITIES FOR DISADVANTAGED CHILDREN AND FAMILIES, AND DEVELOP THE FUTURE WORKFORCE. PLEASE REFER TO SCHEDULE O FOR ADDITIONAL INFORMATION.
RESEARCH: THE CENTER FOR HOMECARE POLICY & RESEARCH, ESTABLISHED IN 1993, CONDUCTS SCIENTIFICALLY RIGOROUS RESEARCH TO PROMOTE THE DELIVERY OF HIGH-QUALITY, COST-EFFECTIVE CARE IN THE HOME AND COMMUNITY. PLEASE REFER TO SCHEDULE O FOR ADDITIONAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Savitt Director - Ceo/president | OfficerTrustee | 55 | $2,003,708 |
Tracy Dodd Evp & Cpo (termed 7/2023) | 55 | $966,790 | |
Kerry Parker Evp, General Counsel & Cro | Officer | 55 | $904,504 |
Keith Patterson Evp & CFO | Officer | 55 | $782,883 |
Michael Bernstein Evp & Chief Experience Officer | 55 | $728,553 | |
Andria Castellanos Evp & Chief Of Provider Svcs. | 55 | $703,021 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Command Business Products Inc Printing | 12/30/23 | $2,072,980 |
Unity Bpo Inc It Support/solutions | 12/30/23 | $2,824,604 |
Crispin Llc Marketing | 12/30/23 | $2,611,995 |
Ropes Gray Llp Legal | 12/30/23 | $4,256,176 |
Ollion Inc It Support | 12/30/23 | $2,683,937 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,782,163 |
| Investment income | $17,124,715 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,578,563 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,546,508 |
| Statement of Expenses | |
|---|---|
| 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. | $4,634,301 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,074,326 |
| Pension plan accruals and contributions | $3,678,689 |
| Other employee benefits | $12,034,073 |
| Payroll taxes | $5,094,897 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,364,336 |
| Fees for services: Accounting | $943,421 |
| Fees for services: Lobbying | $463,949 |
| Fees for services: Fundraising | $491,627 |
| Fees for services: Investment Management | $3,416,463 |
| Fees for services: Other | $6,687,427 |
| Advertising and promotion | $8,464,019 |
| Office expenses | $1,087,536 |
| Information technology | $3,147,582 |
| Royalties | $0 |
| Occupancy | $625,879 |
| Travel | $199,704 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,392,679 |
| Interest | $4,402,957 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,445,398 |
| Insurance | $150,181 |
| All other expenses | $0 |
| Total functional expenses | $21,461,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,304,572 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,826,930 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $154,093,988 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,601,708 |
| Investments—publicly traded securities | $466,991,386 |
| Investments—other securities | $105,839,181 |
| Investments—program-related | $164,138 |
| Intangible assets | $0 |
| Other assets | $10,031,339 |
| Total assets | $828,602,356 |
| Accounts payable and accrued expenses | $101,131,200 |
| 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 | $92,200,114 |
| Other liabilities | $149,872,352 |
| Total liabilities | $343,203,666 |
| Net assets without donor restrictions | $464,771,955 |
| Net assets with donor restrictions | $20,626,735 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $485,398,690 |
Grants Awarded
Over the last fiscal year, Visiting Nurse Service Of New York has awarded $6,035,462 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
VNS HEALTH HOME CARE II PURPOSE: PROGRAM SUPPORT | $4,730,842 |
VNS HEALTH PERSONAL CARE PURPOSE: PROGRAM SUPPORT | $29,953 |
HOSPITAL FOR SPECIAL SURGERY PURPOSE: PROGRAM SUPPORT | $12,500 |
VNS HEALTH HOSPICE CARE PURPOSE: PROGRAM SUPPORT | $1,225,367 |
RAIN TOTAL CARE PURPOSE: PROGRAM SUPPORT | $11,800 |
DOMINICAN MED-DENTAL COMM OUTREACH SOCIETY PURPOSE: PROGRAM SUPPORT | $10,000 |