Chapin Home For The Aging
- Assets
- $47.6m
- Revenue
- $19.6m
- Investments
- $175.5k
- Employees
- 189
- Location
- Queens, NY
- Founding
- 08/1936
- Data as of
- 12/2022
- EIN
- 13-5601035
Organization Overview
Chapin Home For The Aging is located in Queens, NY. The organization was established in 1936. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2022, Chapin Home For The Aging employed 189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chapin Home For The Aging 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, Chapin Home For The Aging generated $19.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $21.6m during the year ending 12/2022. 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
SINCE 1869, THE MISSION OF THE ORGANIZATION HAS BEEN TO CARE FOR THE FRAIL AND ELDERLY. THE ORGANIZATION EXECUTES ITS MISSION THROUGH THE OPERATION OF A 220-BED SKILLED NURSING FACILITY AND A 50-REGISTRANT MEDICAL MODEL ADULT DAY HEALTHCARE CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1869 CHAPIN HOME FOR THE AGING HAS DELIVERED LONG-TERM NURSING AND CUSTODIAL CARE IN A RESIDENTIAL SETTING TO THE FRAIL ELDERLY. LONG BEFORE THE NURSING HOME MODEL WAS DEVELOPED, CHAPIN HOME OPERATED AND FUNCTIONED AS ONE. THROUGHOUT ITS HISTORY, CHAPIN HAS RESPONDED TO AND CONFIRMED WITH A NUMBER OF CHALLENGES AND REGULATORY REQUIREMENTS. THE COVID-19 PANDEMIC PLACED CHAPIN HOME RESIDENTS AT SIGNIFICANT RISK DUE TO THEIR ELDERLY STATE AND FRAIL CONDITION. THE PANDEMIC'S INITIAL US OUTBREAK WAS MOST SEVERE IN NEW YORK CITY AND WAS MOST CONCENTRATED IN THE IMMEDIATE AREA WHERE CHAPIN HOME IS LOCATED. WITH CHAPIN'S RESIDENTS THE MOST VULNERABLE OF TARGETS, THE DEVASTATING EFFECTS OF THE PANDEMIC ARE REFLECTED IN THE LOW OCCUPANCY LEVELS ASSOCIATED WITH THE DECLINING DAILY CENSUS, BEGINNING IN MARCH OF 2020. WHILE THE FACILITY CONTINUED TO MAINTAIN ITS 220 CERTIFIED BED CAPACITY, THE AVERAGE DAILY CENSUS FOR 2022 WAS ONLY 135. THE GOVERNING BOARD OF TRUSTEES REMAINS COMMITTED TO THE ORGANIZATION'S LONG-STANDING MISSION AND IS CURRENTLY ENGAGED IN SEVERAL ENDEAVORS TO EVALUATE THE CURRENT HEALTHCARE NEEDS OF THE ELDERLY AND FRAIL POPULATION TO DEVELOPE SOLUTIONS THAT WILL SECURE CHAPIN'S FUTURE SUCCESS IN FULFILLING ITS MISSION. THERE WERE 49,157 RESIDENT DAYS IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Sarah Brown President | OfficerTrustee | 0.5 | $0 |
Diane Cucchi ESQ Vice President | OfficerTrustee | 0.5 | $0 |
Janet M Unger Mpa Lnha Secretary | OfficerTrustee | 0.5 | $0 |
Theresa Clark Treasurer Thru 06/22 | OfficerTrustee | 0.5 | $0 |
Virginia Belling RN Trustee | Trustee | 0.5 | $0 |
Rose Marie Curley Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rehab Alternatives Pllc Staffing Rehab Ther | 12/30/22 | $1,010,247 |
Health Care Services Group Ousekeeping Services | 12/30/22 | $1,343,510 |
Tandym Staffing Staffing Agency | 12/30/22 | $631,783 |
White Glove Placement Agency Staffing Agency | 12/30/22 | $620,534 |
Meridian Nurse Recruiter Staffing Agency | 12/30/22 | $591,449 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $7,073 |
| Government grants | $2,008,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,021 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,018,094 |
| Total Program Service Revenue | $15,410,254 |
| Investment income | $836,937 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,337,024 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,603,332 |
| 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. | $489,681 |
| Compensation of current officers, directors, key employees. | $489,681 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,718,049 |
| Pension plan accruals and contributions | $716,164 |
| Other employee benefits | $1,029,578 |
| Payroll taxes | $798,223 |
| Fees for services: Management | $123,500 |
| Fees for services: Legal | $40,138 |
| Fees for services: Accounting | $52,315 |
| Fees for services: Lobbying | $3,670 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,989,070 |
| Advertising and promotion | $0 |
| Office expenses | $211,846 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $436,209 |
| Travel | $15,516 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $332,726 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $661,930 |
| Insurance | $394,924 |
| All other expenses | $314,651 |
| Total functional expenses | $21,579,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,424,506 |
| Savings and temporary cash investments | $14,827,008 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,025,614 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,949 |
| Prepaid expenses and deferred charges | $43,075 |
| Net Land, buildings, and equipment | $4,388,721 |
| Investments—publicly traded securities | $22,355,690 |
| Investments—other securities | $175,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,326,612 |
| Total assets | $47,586,675 |
| Accounts payable and accrued expenses | $2,814,667 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $103,225 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,548,970 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,466,862 |
| Net assets without donor restrictions | $36,058,429 |
| Net assets with donor restrictions | $61,384 |
| 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 | $47,586,675 |