Centerlight Health System Inc

The information for Centerlight Health System Inc is as of the organization's most recent filing in December 2019. This organization is located in Bronx, NY, and has been in existence for 32 years, following its founding in 1987.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

Centerlight Health System Inc's NTEE code is Z99. The "Z" tells us that the organization is classified as "Unknown" and the "99" tells us that the organization is not yet ready to be classified into a major group A through Y. The NTEE describes these organizations as temporary codes for organizations until information is available to classify the entity.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of Centerlight Health System Inc is to promote the purposes and goals of not-for-profit health care and support service providers.

Program Areas

The program area is dedicated to promoting the purposes and goals of not-for-profit health care and supports service providers, such as employee housing and community programs.

Organization Staffing

Centerlight Health System Inc is run by Benjamin C Duster IV, who is the Former President/ceo. The organization has no employees, and no employees paid more than $100k per year (according to the organization's most recent 990 tax filing). Supporting the paid staff are 11 volunteers.

Board Governance

Centerlight Health System Inc is an exemplary non-profit organization when it comes to governance. With nine voting members and nine independent members, the board is well-balanced and diverse, helping to ensure that potential conflicts of interest are avoided. The organization has also delegated management to an outside firm, meaning that the board is able to focus on their primary role of overseeing the organization. The organization also takes great care to document both board and committee meetings, and has a conflict of interest policy in place. This policy requires disclosure of conflicts, and a written whistleblower policy is also in place. Furthermore, there is a document retention policy, and the organization substantiates and reviews both leadership and officer salaries. Finally, the organization provides copies of the 990 to the board prior to filing. All of these measures help to ensure that Centerlight Health System Inc is a well-governed non-profit organization.

Grant History

Our dataset has a single year of grant history for the Centerlight Health System Inc. In that year, they have awarded two grants, with an average check size of $925,415. Both grants were awarded in the Unknown sector. Additionally, the organization only awards grants in the state of New York (2).

Organization Growth

The Centerlight Health System Inc nonprofit organization has seen a decrease in revenue and expenses over the 2014 to 2019 time period. Total revenue decreased from $1.3M to $1.0M, and total expenses decreased from $21.1M to $738.4K. Total volunteers also decreased from 15 to 11. This indicates that the organization has not grown over this time period.

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Board, Officers & Key Employees

Name (title)Compensation
Michael R Potack
Chairman
$0
Myron Schlanger
Secretary
$0
Harvey Ishofsky
Vice Chairman
$0
Kenneth Zuckerbrot
Assistant Secretary
$0
Mark Weinstein
Treasurer
$0
Johnny Lee
CFO
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Garfunkel Wild Pc
Legal Services
$777,367
Grant Thorton Llp
Professional Consulting Services
$1,760,460
Integrated Health Systems
Tech Support Services
$508,634
Workday
Erp System Services
$412,293
Mercer
Professional Consulting Services
$300,884
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $305,516
All other contributions, gifts, grants, and similar amounts not included above$69,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$374,516
Total Program Service Revenue$962
Investment income $280,978
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $543,858
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,417,744

Grants Awarded

Over the last fiscal year, Centerlight Health System Inc has awarded $1,850,830 in support to 2 organizations.

Grant RecipientAmount

CENTERLIGHT CERTIFIED HOME HEALTH AGENCY INC

Org PageRecipient Profile

Flushing, NY

PURPOSE: TO PROVIDE STARTUP FUNDS

$1,400,000

MARGARET TIETZ NURSING AND REHABILITATION CENTER

Org PageRecipient Profile

Flushing, NY

PURPOSE: TO FUND PROGRAMS

$450,830
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Centerlight Health System Inc has recieved totaling $2,500.

Awarding OrganizationAmount
Organization Name not Listed

PURPOSE: COMMUNITY CARE HEALTH PROGRAMS

|

$2,500
View Grant Recipient Profile

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