Hoosick Falls Health Center
- Assets
- $4.8m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 119
- Location
- Hoosick Falls, NY
- Founding
- 05/1951
- Data as of
- 12/2023
- EIN
- 14-1370000
Organization Overview
Hoosick Falls Health Center, operating under the name Center For Nursing And Rehabilitation At Hoosick Falls, is located in Hoosick Falls, NY. The organization was established in 1951. 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 12/2023, Center For Nursing And Rehabilitation At Hoosick Falls employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Nursing And Rehabilitation At Hoosick Falls 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, Center For Nursing And Rehabilitation At Hoosick Falls generated $5.6m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $8.3m 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
THE CENTERS MISSION IS TO PROVIDE REHABILITATION AND LONG-TERM CARE SERVICES TO THOSE IN NEED. WE STRIVE TO PROVIDE RESIDENT CENTERED CARE IN OUR 82 BED SKILLED NURSING FACILITY SO THAT EACH RESIDENT HAS THE OPPORTUNITY TO REACH THEIR MAXIMUM POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOOSICK FALLS HEALTH CENTER FOCUSES ON DEVELOPING, MANAGING, AND OPERATING NURSING HOME CARE IN THE HOOSICK FALLS, NEW YORK AREA AND PROVIDING SERVICES TO THE COMMUNITY. THE ORGANIZATION SPECIALIZES IN LONG-TERM CARE AND REHABILITATION SERVICES, AND PROVIDES GREAT NURSING CARE, GOOD FOOD AND FRIENDLY AND HELPFUL PEOPLE, AND A SUPPORTING AND CARING ENVIRONMENT. THE HOOSICK FALLS HEALTH CENTER HAS 82 SKILLED NURSING BEDS. DURING THE YEAR, THE TOTAL PATIENT/RESIDENT DAYS WERE 19,471.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen D Majetich Treasurer & CFO Thru 06/23 | OfficerTrustee | 1 | $0 |
Gregory Laurin President | OfficerTrustee | 2 | $0 |
William Koester 1st Vice President | OfficerTrustee | 1 | $0 |
Joyce Davis Secretary | OfficerTrustee | 1 | $0 |
Kevin Dailey Director | Trustee | 1 | $0 |
Bill Cottrell Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Intelycare Inc Staffing Agency | 12/30/23 | $1,067,792 |
Allaire Consulting-labor Services | 12/30/23 | $450,712 |
Medical Solutions Llc Staffing Agency | 12/30/23 | $301,763 |
Sigma Link Rehab Rehab Management Service | 12/30/23 | $214,845 |
Pkf O'connor Davies Llp Audit-tax-consulting Services | 12/30/23 | $106,365 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,605 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,805 |
| Total Program Service Revenue | $5,502,663 |
| Investment income | $55 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,200 |
| 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 | $5,583,110 |
| 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. | $128,055 |
| Compensation of current officers, directors, key employees. | $8,931 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,819,274 |
| Pension plan accruals and contributions | $75,623 |
| Other employee benefits | $287,116 |
| Payroll taxes | $283,558 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,426 |
| Fees for services: Accounting | $107,091 |
| Fees for services: Lobbying | $379 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,867,999 |
| Advertising and promotion | $1,090 |
| Office expenses | $527,858 |
| Information technology | $89,297 |
| Royalties | $0 |
| Occupancy | $183,014 |
| Travel | $5,972 |
| 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 | $389,258 |
| Insurance | $150,264 |
| All other expenses | $0 |
| Total functional expenses | $8,317,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,498 |
| Savings and temporary cash investments | $74,260 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,049,762 |
| 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 | $57,935 |
| Net Land, buildings, and equipment | $3,237,924 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $125,194 |
| Total assets | $4,757,573 |
| Accounts payable and accrued expenses | $2,700,474 |
| Grants payable | $0 |
| Deferred revenue | $40,936 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $74,260 |
| 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 | $10,225,244 |
| Total liabilities | $13,040,914 |
| Net assets without donor restrictions | -$8,347,995 |
| Net assets with donor restrictions | $64,654 |
| 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 | $4,757,573 |