Centerlight Health System Inc
- Assets
- $26.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 33
- Location
- Flushing, NY
- Founding
- 06/1987
- Data as of
- 12/2022
- EIN
- 13-3323765
Organization Overview
Centerlight Health System Inc is located in Flushing, NY. The organization was established in 1987. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2022, Centerlight Health System Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centerlight Health System 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 12/2022, Centerlight Health System Inc generated $2.1m 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 (7.2%) each year. All expenses for the organization totaled $923.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.9%) 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
TO PROMOTE THE PURPOSES AND GOALS OF NOT-FOR-PROFIT HEALTH CARE AND SUPPORT SERVICE PROVIDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING THE PURPOSES AND GOALS OF NOT-FOR-PROFIT HEALTH CARE AND SUPPORTS SERVICE PROVIDERS, INCLUDING EMPLOYEE HOUSING AND COMMUNITY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Potack Chairman | OfficerTrustee | 0.5 | $0 |
Harvey Ishofsky Vice Chairman | OfficerTrustee | 0.5 | $0 |
Myron Schlanger Secretary | OfficerTrustee | 0.5 | $0 |
Kenneth Zuckerbrot Assistant Secretary | OfficerTrustee | 0.5 | $0 |
Mark Weinstein Treasurer | OfficerTrustee | 0.5 | $0 |
Russell D Fisher Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atlantic Tomorrows Office It Management Services | 12/30/22 | $1,023,143 |
Workday Erp System | 12/30/22 | $537,292 |
Grant Thorton Professional Consulting Services | 12/30/22 | $590,481 |
Inegrated Health Systems Tech Support Services | 12/30/22 | $334,215 |
Kemen 596 Prospect Place Renovation | 12/30/22 | $285,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $404,558 |
| All other contributions, gifts, grants, and similar amounts not included above | $107,212 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $511,770 |
| Total Program Service Revenue | $0 |
| Investment income | $368,194 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $310,393 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,077,485 |
| 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 | $254,214 |
| Pension plan accruals and contributions | $38,576 |
| Other employee benefits | $97,182 |
| Payroll taxes | $25,321 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,609 |
| Fees for services: Other | $261,373 |
| Advertising and promotion | $11,824 |
| Office expenses | $163,674 |
| Information technology | $1,406 |
| Royalties | $0 |
| Occupancy | $29,359 |
| Travel | $23,545 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $923,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,129,387 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $800,410 |
| 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 | $1,406,162 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,617,769 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,786,175 |
| Total assets | $26,739,903 |
| Accounts payable and accrued expenses | $13,078,907 |
| Grants payable | $0 |
| Deferred revenue | $155,899 |
| 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 | $3,749,529 |
| Total liabilities | $16,984,335 |
| Net assets without donor restrictions | $610,588 |
| Net assets with donor restrictions | $9,144,980 |
| 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 | $26,739,903 |
Grants Awarded
Over the last fiscal year, Centerlight Health System Inc has awarded $1,850,830 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CENTERLIGHT CERTIFIED HOME HEALTH AGENCY INC PURPOSE: TO PROVIDE STARTUP FUNDS | $1,400,000 |
MARGARET TIETZ NURSING AND REHABILITATION CENTER PURPOSE: TO FUND PROGRAMS | $450,830 |