Isabella Geriatric Center Inc
- Assets
- $118.5m
- Revenue
- $99.9m
- Investments
- $83.1k
- Employees
- 672
- Location
- New York, NY
- Founding
- 10/1991
- Data as of
- 12/2023
- EIN
- 13-3623808
Organization Overview
Isabella Geriatric Center Inc is located in New York, NY. The organization was established in 1991. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2023, Isabella Geriatric Center Inc employed 672 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Isabella Geriatric Center 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 12/2023, Isabella Geriatric Center Inc generated $99.9m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $109.3m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY CARE THROUGH DIVERSE PROGRAMS DESIGNED TO PROMOTE HEALTH AND INDEPENDENCE WITHIN AND BEYOND
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISABELLA IS A 705-BED CENTER FOR REHABILITATION AND NURSING CARE, OFFERING 24 HOUR SKILLED SERVICES AND SPECIALIZED CARE IN AN ENVIRONMENT DESIGNED TO PROMOTE HEALTH AND INDEPENDENCE AS WELL AS RESIDENT-CENTERED CARE. ISABELLA OFFERS PERSONALIZED REHABILITATION SERVICES FOR THOSE REQUIRING SHORT-STAY, SUB-ACTIVE CARE, ENCOURAGING INDEPENDENCE AND A RAPID AND SAFE RETURN HOME. ISABELLA ALSO OFFERS THERAPEUTIC PROGRAMS AND COMPASSIONATE CARE FOR LONG-TERM RESIDENTS TO ENHANCE QUALITY OF LIFE AND PROVIDE STIMULATION ON A SENSORY AND COGNITIVE BASIS. IN ADDITION, ISABELLA'S PALLIATIVE CARE PROGRAM OFFERS COMFORT AND SUPPORT TO RESIDENTS WHO MAY BE LIVING WITH A SERIOUS OR CHRONIC ILLNESS. THE PALLIATIVE CARE TEAM WORKS WITH THERESIDENT AND THEIR FAMILY TO PROVIDE AN INDIVIDUALIZED PROGRAM THAT WILL OFFER RELIEF FROM PAIN AND OTHER DEBILITATING SYMPTOMS. ISABELLA ALSO OFFERS A SAFE, CARING ENVIRONMENT FOR ADULTS AT ALL STAGES OF DEMENTIA OR ALZHEIMER'S DISEASE. IN 2023, ISABELLA PROVIDED 239,933 DAYS OF SKILLES NURSING CARE PROVIDED WITH COMPASSION, DIGNITY AND RESPECT. IN ADDITION, ISABELLA OPERATES ISABELLA HOUSE, WHICH INCLUDES 78 STUDIO AND ONE-BEDROOM APARTMENTS FOR INDEPENDENT ADULTS AGE 62 AND OLDER. RESIDENCES OFFER A SAFE, SPACIOUS, ENJOYABLE PLACE TO LIVE IN CLOSE PROXIMITY TO A WIDE RANGE OF MEDICAL AND SOCIAL SUPPORT SERVICES, IF AND WHEN THEY ARE NEEDED. RENT INCLUDES TWO MEALS PER DAY, UTILITIES, BASIC CABLE TV, RECREATIONAL ACTIVITIES, 24-HOUR SECURITY AND TRANSPORTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Wagner Ceo,president | OfficerTrustee | 1.39 | $0 |
David Koschitzki Chief Financial Officer | Officer | 1.55 | $0 |
Christina Van Vort Chief Legal Officer | Officer | 1.57 | $0 |
Loyola Princivil-Barnett COO Mjhs Centers For Rehab | Officer | 23.45 | $586,866 |
Joseph Nesci Director Of Facilities Mgmt. | 35 | $246,503 | |
Christine Young Director Of Nursing | 35 | $223,121 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Staffing Solutions Inc Rn/staffing Agcy Fee | 12/30/23 | $3,537,043 |
Theradynamics Rehab Management Llc Rehab Fees | 12/30/23 | $3,153,061 |
Green Key Resources Llc Rn/staffing Agcy Fee | 12/30/23 | $3,482,384 |
White Glove Placement Rn/staffing Agcy Fee | 12/30/23 | $2,599,662 |
Omega Staffing Solution Inc Rn/staffing Agcy Fee | 12/30/23 | $1,905,577 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $20,955 |
| Government grants | $4,781,974 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,852,929 |
| Total Program Service Revenue | $94,707,029 |
| Investment income | $49,225 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50,437 |
| 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 | $99,863,580 |
| 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. | $711,907 |
| Compensation of current officers, directors, key employees. | $711,907 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,059,955 |
| Pension plan accruals and contributions | $2,734,794 |
| Other employee benefits | $10,322,395 |
| Payroll taxes | $2,711,753 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $512,456 |
| Fees for services: Accounting | $173,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,377,114 |
| Advertising and promotion | $267,498 |
| Office expenses | $3,305,322 |
| Information technology | $655,292 |
| Royalties | $0 |
| Occupancy | $3,834,154 |
| Travel | $89,479 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,626 |
| Interest | $1,276,903 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,403,351 |
| Insurance | $3,286,115 |
| All other expenses | $0 |
| Total functional expenses | $109,251,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $338,882 |
| Savings and temporary cash investments | $3,794,083 |
| Pledges and grants receivable | $2,038,695 |
| Accounts receivable, net | $7,648,880 |
| 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 | $203,037 |
| Net Land, buildings, and equipment | $101,555,653 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $83,140 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,838,486 |
| Total assets | $118,500,856 |
| Accounts payable and accrued expenses | $15,064,682 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,185,908 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $32,671,817 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,049,703 |
| Total liabilities | $83,972,110 |
| Net assets without donor restrictions | $34,523,746 |
| Net assets with donor restrictions | $5,000 |
| 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 | $118,500,856 |
Grants Awarded
Over the last fiscal year, Isabella Geriatric Center Inc has awarded $26,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED HOSPITAL FUND OF NEW YORK PURPOSE: GENERAL SUPPORT | $15,000 |
MJHS HOSPICE & PALLATIVE CARE INC PURPOSE: GENERAL SUPPORT | $11,000 |