Bacharach Institute For Rehabilitation Inc
- Assets
- $75.9m
- Revenue
- $36.3m
- Investments
- $0.0
- Employees
- 419
- Location
- Pomona, NJ
- Founding
- 09/1953
- Data as of
- 12/2021
- EIN
- 21-0634964
Organization Overview
Bacharach Institute For Rehabilitation Inc is located in Pomona, NJ. The organization was established in 1953. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Bacharach Institute For Rehabilitation Inc employed 419 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bacharach Institute For Rehabilitation 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 12/2021, Bacharach Institute For Rehabilitation Inc generated $36.3m 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 (4.0%) each year. All expenses for the organization totaled $39.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) 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
RESTORING INDEPENDENCE AND WELL-BEING THROUGH QUALITY, CARING, ADVOCACY AND ACCESSIBLE INTERDISCIPLINARY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROVIDING INPATIENT ACUTE-CARE, OUTPATIENT AND SKILLED NURSING HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. FOR ADDITIONAL INFORMATION, PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATIONS COMMUNITY BENEFIT INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig J Anmuth DO Medical Director | Officer | 55 | $357,480 |
Richard J Kathrins PHD Trustee-Pres/ceo (1/1 - 8/31) | OfficerTrustee | 55 | $320,059 |
Marianne Sturr MD Physiatrist | 55 | $268,520 | |
Wei Xu MD Physiatrist | 55 | $248,533 | |
Shehnaz Rupsee RN Registered Nurse | 55 | $242,469 | |
Darshana Choksi RN Registered Nurse | 55 | $228,677 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medhost Direct Inc Software Maintenance | 12/30/21 | $188,361 |
Atlanticare Regional Medical Center Pharmacy/medical | 12/30/21 | $647,739 |
Cerner Corporation Software Maintenance | 12/30/21 | $405,026 |
Capaldi Reynolds Pelosi Pa Accounting/audit | 12/30/21 | $126,091 |
Hcsc Laundry Laundry | 12/30/21 | $103,575 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $185,583 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,264 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $190,847 |
| Total Program Service Revenue | $34,763,615 |
| Investment income | $433,866 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $824,874 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,251,929 |
| 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. | $1,555,672 |
| Compensation of current officers, directors, key employees. | $340,678 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,196,497 |
| Pension plan accruals and contributions | $567,275 |
| Other employee benefits | $4,297,460 |
| Payroll taxes | $1,713,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $239,555 |
| Fees for services: Accounting | $140,053 |
| Fees for services: Lobbying | $16,482 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $77,666 |
| Fees for services: Other | $2,157,106 |
| Advertising and promotion | $24,000 |
| Office expenses | $609,488 |
| Information technology | $731,299 |
| Royalties | $0 |
| Occupancy | $1,430,558 |
| Travel | $33,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $101,188 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,683,120 |
| Insurance | $761,522 |
| All other expenses | $11,421 |
| Total functional expenses | $39,219,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,875,203 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,723,715 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $275,464 |
| Prepaid expenses and deferred charges | $1,521,131 |
| Net Land, buildings, and equipment | $10,443,509 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $54,443,635 |
| Intangible assets | $630,415 |
| Other assets | $944,437 |
| Total assets | $75,857,509 |
| Accounts payable and accrued expenses | $5,105,720 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,229,915 |
| 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 | $3,021,158 |
| Total liabilities | $11,356,793 |
| Net assets without donor restrictions | $58,630,024 |
| Net assets with donor restrictions | $5,870,692 |
| 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 | $75,857,509 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bacharach Institute For Rehabilitation Inc has recieved totaling $69,811.
| Awarding Organization | Amount |
|---|---|
Hollander Memorial Foundation Inc Linwood, NJ PURPOSE: ROY GOLDBERG SALARY | $69,811 |
Endowment Analysis
| Beg. Balance | $3,955,569 |
| Earnings | $383,889 |
| Ending Balance | $4,339,458 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Elizabeth Seton Pediatric Center Yonkers, NY | $164,173,178 | $115,663,526 |
Saint Marys Hospital For Children Inc Bayside, NY | $163,358,524 | $102,313,252 |
Blythedale Childrens Hospital Valhalla, NY | $271,989,720 | $102,411,458 |
Good Shepherd Rehabilitation Hosp Allentown, PA | $57,653,412 | $80,489,930 |
Fox Chase Cancer Center Medical Group Inc Philadelphia, PA | $37,947,929 | $82,329,773 |
Magee Rehabilitation Hospital Philadelphia, PA | $274,504,681 | $82,150,847 |
Sunnyview Hospital And Rehabilitation Center Schenectady, NY | $57,470,156 | $63,251,505 |
Magee-Womens Research Institute And Foundation Pittsburgh, PA | $105,422,061 | $58,233,606 |
Bacharach Institute For Rehabilitation Inc Pomona, NJ | $75,857,509 | $36,251,929 |
Pennsylvania Psychiatric Institute Harrisburg, PA | $10,777,137 | $42,493,217 |
Allied Services Institute Of Rehabilitation Medicine Clarks Summit, PA | $48,032,668 | $30,513,476 |
St Camillus Residential Health Care Facility Syracuse, NY | $18,350,656 | $37,347,324 |