Centerlight Healthcare Inc
- Assets
- $62.4m
- Revenue
- $284.9m
- Investments
- $0.0
- Employees
- 341
- Location
- Flushing, NY
- Founding
- 05/1992
- Data as of
- 12/2021
- EIN
- 13-3600807
Organization Overview
Centerlight Healthcare Inc is located in Flushing, NY. The organization was established in 1992. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, Centerlight Healthcare Inc employed 341 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centerlight Healthcare 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 12/2021, Centerlight Healthcare Inc generated $284.9m 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 (11.5%) each year. All expenses for the organization totaled $312.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE AND ARRANGE FOR MEDICAL, SOCIAL, AND LONG-TERM SERVICES TO THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTERLIGHT HEALTHCARE, INC. IS A LICENSED HOME CARE SERVICE AGENCY THAT ARRANGES FOR AND CONTRACTS WITH ENTITIES TO PROVIDE INNOVATIVE MEDICAL, SOCIAL, AND LONG-TERM CARE SERVICES FOR THE ELDERLY, INCLUDING HOME/DAY CARE, PRIMARY AND EMERGENCY CARE, NURSING, SOCIAL WORK AND THERAPY AS WELL AS TRANSPORTATION AND INPATIENT SERVICES. SEE PART IX FOR THE STATEMENT OF FUNCTIONAL EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Nieves-Rosado Chief Medical Officer | 35 | $263,188 | |
Tara Buonocore-Rut President/ceo | Officer | 8.5 | $149,751 |
David A Rock President/ceo (thru 01/2021) | Officer | 8.5 | $101,852 |
Shaun Ruskin Exec. Vp, Chief Strategy Officer | 8.5 | $86,603 | |
David Silva Mojica Chief Hr Officer | 8.5 | $69,717 | |
John J Kehoe VP Finance | 8.5 | $56,934 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Productive Programming Inc Outsource Services/claims System | 12/30/21 | $833,744 |
Productive Processing Inc Outsource Services/claims System | 12/30/21 | $950,686 |
Best Choice Home Health Care Inc Home Care Agency | 12/30/21 | $598,461 |
Inovalon Risk Score Maximization | 12/30/21 | $410,847 |
Presidio Network Professional Consulting Services | 12/30/21 | $594,908 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $228,447 |
| 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 | $228,447 |
| Total Program Service Revenue | $277,846,964 |
| Investment income | $501 |
| 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 | $284,939,095 |
| 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. | $260,369 |
| Compensation of current officers, directors, key employees. | $73,318 |
| Compensation to disqualified persons | $69,000 |
| Other salaries and wages | $49,230,725 |
| Pension plan accruals and contributions | $203,462 |
| Other employee benefits | $13,228,103 |
| Payroll taxes | $4,259,103 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $416,422 |
| Fees for services: Accounting | $715,657 |
| Fees for services: Lobbying | $55,490 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $189,117,755 |
| Advertising and promotion | $113,612 |
| Office expenses | $1,247,082 |
| Information technology | $1,300,494 |
| Royalties | $0 |
| Occupancy | $5,391,035 |
| Travel | $4,390,641 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,420 |
| Interest | $1,114,426 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,842,901 |
| Insurance | $2,501,150 |
| All other expenses | $1,440,087 |
| Total functional expenses | $312,518,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,332,999 |
| Savings and temporary cash investments | $16,856,206 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,390 |
| 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 | $2,964,436 |
| Net Land, buildings, and equipment | $16,836,588 |
| Investments—publicly traded securities | $6,437 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,320,002 |
| Total assets | $62,373,058 |
| Accounts payable and accrued expenses | $71,264,458 |
| Grants payable | $0 |
| Deferred revenue | $9,248,618 |
| Tax-exempt bond liabilities | $6,365,000 |
| 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 | $49,000,000 |
| Other liabilities | $25,479,535 |
| Total liabilities | $161,357,611 |
| Net assets without donor restrictions | -$98,984,553 |
| 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 | $62,373,058 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cape Cod Healthcare Inc Hyannis, MA | $1,256,505,571 | $986,611,618 |
St Josephs Health System Subordinate Group Return Paterson, NJ | $1,081,595,215 | $963,799,571 |
Atlanticare Health System Inc Egg Harbor Township, NJ | $1,893,827,880 | $909,225,575 |
Geisinger System Services Danville, PA | $1,398,222,343 | $715,016,181 |
Hartford Health Care Corporation Hartford, CT | $2,668,436,051 | $551,640,424 |
Bon Secours Charity Health System Affiliated Group Suffern, NY | $223,032,633 | $606,730,244 |
Highmark Health Pittsburgh, PA | $708,603,703 | $583,319,053 |
Hackensack Meridian Health Inc Edison, NJ | $279,460,343 | $549,822,020 |
Wellspan Health York, PA | $671,523,886 | $507,378,748 |
St Clair Health Corporation Pittsburgh, PA | $808,105,796 | $406,482,026 |
Wyckoff Heights Medical Center Brooklyn, NY | $318,132,023 | $364,136,906 |
Albany Medical Center Glens Falls, NY | $356,058,419 | $346,451,670 |