Schofield Residence Inc
- Assets
- $15.6m
- Revenue
- $15.4m
- Investments
- $0.0
- Employees
- 338
- Location
- Kenmore, NY
- Founding
- 02/1936
- Data as of
- 12/2021
- EIN
- 16-0743225
Organization Overview
Schofield Residence Inc, operating under the name Schofield Residence, is located in Kenmore, 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 12/2021, Schofield Residence employed 338 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schofield Residence 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, Schofield Residence generated $15.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $14.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) 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 PROVIDE THE HIGHEST LEVEL OF PROFESSIONAL HEALTH CARE AND SUPPORTIVE SERVICES TO THE FRAIL ELDERLY AND DISABLED INDIVIDUALS IN THE COMMUNITY. WE OFFER INDIVIDUAL CHOICE BY PROVIDING A VARIETY OF SERVICES THAT ARE OFFERED IN BOTH RESIDENTIAL AND COMMUNITY SETTINGS, INCLUDING LONG TERM CARE IN OUR RESIDENTIAL HEALTH CARE FACILITY, A CERTIFIED HOME HEALTH AGENCY, AND AN ADULT DAY HEALTH CARE PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GENERAL PURPOSE OF THE FACILITY IS TO OPERATE A NURSING HOME FOR ELDERLY MEN AND WOMEN WITH FULL MEDICAL CARE AND SUPERVISION. PATIENT DAYS: 30,976
THE FACILITY OPERATES A CERTIFIED HOME CARE PROGRAM WHICH PROVIDES HEALTH CARE SERVICES TO PATIENTS IN THE COMMUNITY. NUMBER OF VISITS: 9,587
THE FACILITY OPERATES AN ADULT DAY HEALTH CARE PROGRAM WHICH PROVIDES MEDICAL AND THERAPEUTIC SERVICES TO REGISTRANTS ON AN OUTPATIENT BASIS. NUMBER OF VISITS: 10,972
MANAGEMENT FEES AND RENT FROM SHHCS, MANAGEMENT FEES FROM SCHOFIELD FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Gerlach President | Officer | 36 | $171,678 |
Olivia Rozycki Snf Administrator | 40 | $123,230 | |
Craig Dlugosz Director Of Home Care Operations | 25 | $116,870 | |
David Lockwood CFO | Officer | 36 | $82,204 |
Steve Chizuk CFO | Officer | 18 | $33,644 |
James Phillips Ms Chairman | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Diversified Rehab Services Inc Therapies | 12/30/21 | $894,312 |
Medcor Staffing Inc Staffing Agency | 12/30/21 | $349,707 |
Ksl Diagnostics Laboratory Services | 12/30/21 | $132,590 |
Favorite Healthcare Staffing Cna And Lpn Staffing Agency | 12/30/21 | $335,095 |
Pca Technology Group Inc Technology Services | 12/30/21 | $192,324 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $6,831 |
| Government grants | $2,004,453 |
| 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 | $2,011,284 |
| Total Program Service Revenue | $12,138,795 |
| Investment income | $68,534 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $635,948 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,417,244 |
| 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. | $537,016 |
| Compensation of current officers, directors, key employees. | $537,016 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,907,960 |
| Pension plan accruals and contributions | $177,412 |
| Other employee benefits | $1,125,668 |
| Payroll taxes | $479,317 |
| Fees for services: Management | $406,123 |
| Fees for services: Legal | $96,710 |
| Fees for services: Accounting | $16,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,143,207 |
| Advertising and promotion | $45,115 |
| Office expenses | $857,330 |
| Information technology | $312,119 |
| Royalties | $0 |
| Occupancy | $459,408 |
| Travel | $27,745 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,160 |
| Interest | $2,183 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $272,886 |
| Insurance | $421,016 |
| All other expenses | $381,448 |
| Total functional expenses | $14,527,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,787,917 |
| Savings and temporary cash investments | $1,921,020 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,427,268 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,239,811 |
| Inventories for sale or use | $182,302 |
| Prepaid expenses and deferred charges | $623,485 |
| Net Land, buildings, and equipment | $1,771,447 |
| Investments—publicly traded securities | $6,416,098 |
| Investments—other securities | $0 |
| Investments—program-related | $6,015 |
| Intangible assets | $186,667 |
| Other assets | $0 |
| Total assets | $15,562,030 |
| Accounts payable and accrued expenses | $2,677,659 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $25,365 |
| 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 | $189,831 |
| Total liabilities | $2,892,855 |
| Net assets without donor restrictions | $11,633,728 |
| Net assets with donor restrictions | $1,035,447 |
| 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 | $15,562,030 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Schofield Residence Inc has recieved totaling $82,000.
| Awarding Organization | Amount |
|---|---|
Odd Fellow And Rebekah Benefit Fund Inc Lockport, NY PURPOSE: BATHING TUBS, LIFTS, SUPPORT SLINGS. | $70,000 |
Foundation For Long Term Care Inc Latham, NY PURPOSE: PANDEMIC RELIEF FOR LONG TERM CARE | $12,000 |
Endowment Analysis
| Beg. Balance | $991,071 |
| Earnings | $158,909 |
| Net Contributions | $6,831 |
| Other Expense | $121,368 |
| Ending Balance | $1,035,443 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cobble Hill Health Center Inc Brooklyn, NY | $104,850,612 | $51,888,626 |
Morris Hall St Lawrence Inc Lawrenceville, NJ | $55,795,819 | $48,236,558 |
Jewish Home Lifecare Sarah Neuman Center Westchester New York, NY | $40,158,579 | $47,212,238 |
United Home For Aged Hebrews New Rochelle, NY | $40,914,674 | $49,305,789 |
Carmel Richmond Nursing Home Inc Staten Island, NY | $55,443,617 | $48,780,538 |
New England Deaconess Association Concord, MA | $168,661,233 | $42,765,861 |
Madlyn And Leonard Abramson Center For Jewish Life Blue Bell, PA | $70,280,035 | $47,324,338 |
Ozanam Hall Of Queens Nursing Home Inc Bayside, NY | $72,263,682 | $46,054,461 |
The Northeast Health Group Inc Bala Cynwyd, PA | $20,717,577 | $41,701,178 |
Phoebe Home Inc Allentown, PA | $44,042,871 | $37,033,122 |
Wesley Health Care Center Inc Saratoga Springs, NY | $29,960,994 | $37,958,192 |
St Johns Health Care Corporation Rochester, NY | $28,699,154 | $43,446,483 |