Morningside Retirement & Health Services Inc
- Assets
- $3.3m
- Revenue
- $747.1k
- Investments
- $858.0k
- Employees
- 5
- Location
- New York, NY
- Founding
- 08/1967
- Data as of
- 12/2022
- EIN
- 13-6206256
Organization Overview
Morningside Retirement & Health Services Inc is located in New York, NY. The organization was established in 1967. According to its NTEE Classification (P44) the organization is classified as: In-Home Assistance, under the broad grouping of Human Services and related organizations. As of 12/2022, Morningside Retirement & Health Services Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morningside Retirement & Health Services 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, Morningside Retirement & Health Services Inc generated $747.1k 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 (6.3%) each year. All expenses for the organization totaled $905.9k 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
THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE SERVICES TO FRAIL AND AT-RISK ELDERLY RESIDENTS TO ENABLE THEM TO REMAIN COMFORTABLY IN THEIR OWN HOMES FOR AS LONG AS POSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MORNINGSIDE RETIREMENT AND HEALTH SERVICES (MRHS) IS A NORC (NATURALLY OCCURRING RETIREMENT COMMUNITY) PROGRAM THAT ENABLES OLDER ADULTS TO REMAIN LIVING SAFELY AND COMFORTABLY IN THEIR OWN HOMES AND COMMUNITY. MRHS ACCOMPLISHES THIS BY PROVIDING A RANGE OF SOCIAL SERVICES AND HEALTHCARE SERVICES ON SITE, AS WELL AS A RANGE OF HEALTH PROMOTION ACTIVITIES. MRHS SERVES MORE THAN 300 RESIDENTS EACH YEAR WITH AN ON-SITE STAFF CONSISTING OF SOCIAL WORKERS, A NURSE, A PART-TIME HOME HEALTH AIDE, A VOLUNTEER COORDINATOR, AN OFFICE MANAGER AND MORE THAN 100 VOLUNTEERS, MOST OF WHOM ARE OLDER ADULTS THEMSELVES. THE PROFESSIONAL STAFF PROVIDES AN ARRAY OF HEALTH CARE AND SOCIAL WORK SERVICES, WHICH INCLUDE CASE MANAGEMENT, NURSING CARE, MEDICAL AND BEHAVIORAL HEALTH CONSULTATIONS, BENEFITS COUNSELING, HOME EVALUATIONS, HOME CARE AND HOSPITAL DISCHARGE PLANNING, AND LIAISON WITH FAMILIES, LAWYERS, PHYSICIANS, AND FINANCIAL PLANNERS. IN ADDITION, EDUCATIONAL, RECREATIONAL, AND SOCIAL ACTIVITIES ARE OFFERED MANY OF THEM PLANNED AND LED BY OLDER ADULT VOLUNTEERS. PROGRAMS INCLUDE AN ARRAY OF EXERCISE PROGRAMS, WRITING AND ARTS CLASSES, BOOK AND CURRENT EVENT DISCUSSION GROUPS, FILMS AND VIDEOS, INTERGENERATIONAL PROGRAMS, GUEST SPEAKERS, SPECIAL EVENTS AND SPECIAL PROGRAMMING FOR PEOPLE WITH MEMORY CHALLENGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Bruno Executive Dir. | Officer | 40 | $120,342 |
Nora Armani Board Member | Trustee | 2 | $0 |
Jeff Edelson Board Member | Trustee | 2 | $0 |
B Chandrasekaran Board Member | Trustee | 2 | $0 |
Carl Jones Treasurer | OfficerTrustee | 5 | $0 |
Michele Pellar Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $662,511 |
| All other contributions, gifts, grants, and similar amounts not included above | $214,726 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $877,237 |
| Total Program Service Revenue | $13,891 |
| Investment income | -$144,068 |
| 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 | $747,060 |
| 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. | $120,342 |
| Compensation of current officers, directors, key employees. | $30,086 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $242,159 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $111,123 |
| Payroll taxes | $31,103 |
| 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 | $0 |
| Fees for services: Other | $55,209 |
| Advertising and promotion | $0 |
| Office expenses | $39,230 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,460 |
| 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 | $46,610 |
| Insurance | $11,512 |
| All other expenses | $7,939 |
| Total functional expenses | $905,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $690,910 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $369,005 |
| Accounts receivable, net | $0 |
| 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 | $8,398 |
| Net Land, buildings, and equipment | $783,983 |
| Investments—publicly traded securities | $388,972 |
| Investments—other securities | $857,988 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $183,333 |
| Total assets | $3,282,589 |
| Accounts payable and accrued expenses | $71,396 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $94,287 |
| Total liabilities | $165,683 |
| Net assets without donor restrictions | $3,116,906 |
| 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 | $3,282,589 |