Valley Home Care Inc
- Assets
- $70.2m
- Revenue
- $66.3m
- Investments
- $0.0
- Employees
- 496
- Location
- Paramus, NJ
- Founding
- 08/1993
- Data as of
- 12/2022
- EIN
- 22-3208480
Organization Overview
Valley Home Care Inc is located in Paramus, NJ. The organization was established in 1993. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 12/2022, Valley Home Care Inc employed 496 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Home Care 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, Valley Home Care Inc generated $66.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $58.8m during the year ending 12/2022. While expenses have increased by 6.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
VALLEY HOME CARE PROVIDES AN INTEGRATED DELIVERY OF BOTH HOME HEALTH AND WELLNESS PROGRAMS TO ITS SERVICE AREA OF PASSAIC AND BERGEN COUNTIES 24 HOURS A DAY SEVEN DAYS A WEEK. IN 2022, THIS CARE INCLUDED OVER 250,000 HOME VISITS PROVIDED BY A DEDICATED AND WELL EDUCATED STAFF INCLUDING NURSES, PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS, HOME HEALTH AIDES, SOCIAL WORKERS AND SPECIALTY CLINICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VALLEY HOME CARE PROVIDES IN HOME MEDICAL CARE TO THE RESIDENTS OF PASSAIC AND BERGEN COUNTY. IN 2022, VALLEY HOME CARE MADE AN ESTIMATED 190,000 HOME VISITS TO OVER 11,500 PATIENTS. THESE PATIENTS WITH A MULTITUDE OF MEDICAL CONDITIONS VARY IN AGE FROM NEW BORN TO THE ELDERLY. THE VAST MAJORITY (75%) OF THESE PATIENTS ARE MEDICARE AND MEDICAID PARTICIPANTS WITH THE BALANCE OF THE PATIENTS BEING COMMERCIAL INSURANCE, SELF PAY OR CHARITY CARE. VALLEY HOME CARE PROVIDES THIS CARE WITH OVER 400 DEDICATED STAFF MEMBERS, INCLUDING NURSES, THERAPISTS, SOCIAL WORKERS, HOME HEALTH AIDES AND VARIOUS SPECIALTY CLINICIANS. VALLEY HOME CARE, INC'S THREE MAIN HOME CARE PROGRAMS ARE THE ADULT HOME CARE PROGRAM, THE MATERNAL CHILD HEALTH PROGRAM AND THE HOSPICE PROGRAM.THE ADULT HOME CARE PROGRAM PROVIDES HOME CARE SERVICES TO THOSE PATIENTS OVER EIGHTEEN YEARS OLD. THE MAJORITY OF THE PATIENTS IN THIS PROGRAM ARE THE ELDERLY WHO ARE MEDICALLY HOME BOUND AND IN NEED OF MEDICAL ASSISTANCE IN THE HOME. IN MANY CASES THESE PATIENTS LIVE ALONE AND VALLEY HOME CARE IS THEIR LIFE LINE TO MEDICAL CARE. THIS CARE IS PROVIDED BY NURSES, THERAPISTS, SOCIAL WORKERS, HOME HEALTH AIDES AND VARIOUS SPECIALTY CLINICIANS. VALLEY HOME CARE HAS INVESTED SIGNIFICANT RESOURCES TO ASSURE THAT OUR CLINICAL STAFF HAS BOTH THE PROPER TRAINING AND TECHNOLOGY NEEDED TO HANDLE THE COMPLICATED IN HOME MEDICAL NEEDS OF OUR PATIENTS.
THE MATERNAL CHILD HEALTH PROGRAM PROVIDES HOME CARE SERVICES TO THOSE PATIENTS UNDER EIGHTEEN YEARS OLD. THE MAJORITY OF THE PATIENTS ON THIS PROGRAM ARE INFANTS AND THEIR MOTHER. THE CARE PROVIDED TO THIS GROUP OF PATIENTS RANGE FROM MEDICAL NEEDS OF THE CHILDREN TO THE PARENTAL EDUCATIONAL NEEDS OF THE FAMILY. MANY OF THE YOUNG CHILDREN WHO COME TO VALLEY HOME CARE DO SO WITH SIGNIFICANT MEDICAL NEEDS AND REMAIN VALLEY HOME CARE PATIENTS INTO ADULTHOOD. THE MATERNAL CHILD HEALTH PROGRAM ALSO HAS A PEDIATRIC HOSPICE COMPONENT, THE BUTTERFLIES PROGRAM, WHICH CARES FOR THE TERMINALLY ILL PEDIATRIC PATIENT. THE MATERNAL CHILD HEALTH PROGRAM MAKES OVER 4,300 VISITS ANNUALLY BY VARIOUS VALLEY HOME CARE STAFF MEMBERS.
THE VALLEY HOSPICE PROVIDES END OF LIFE CARE TO PATIENTS IN PASSAIC AND BERGEN COUNTY. THE VALLEY HOSPICE ASSISTS OVER 1,450 PATIENTS AND FAMILIES MAKES OVER 75,000 HOME VISITS EACH YEAR. THE VALLEY HOSPICE NOT ONLY PROVIDES COMFORT AND MEDICAL CARE TO ITS PATIENTS WITH HIGHLY TRAINED CLINICAL STAFF, BUT ALSO HELPS THE FAMILY IN COPING WITH THE LOSS OF A LOVED ONE. THIS IS ACCOMPLISHED THROUGH MANY PROGRAMS WHICH ARE AVAILABLE SUCH AS THE BEREAVEMENT PROGRAM, WHICH HELPS THE FAMILY COPE WITH THE SITUATION. ALSO, THE JOURNEYS PROGRAM, WHICH IS AN ART THERAPY PROGRAM TO HELP THE CHILDREN AND SIBLINGS DEAL WITH THE LOSS OF A LOVED ONE.
VALLEY HOME CARE PROVIDES OUTPATIENT REHABILITATION SERVICES WITH OVER 11,000 VISITS PROVIDED TO PATIENTS, HELPING THEM TO STAY IN THEIR HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Audrey Meyers President & Ceo, Vhs | OfficerTrustee | 1 | $0 |
Vincent Forlenza Chairman | OfficerTrustee | 0.1 | $0 |
Kevin Lobo Vice Chairman | OfficerTrustee | 0.1 | $0 |
Frank J Sheehy Vice Chair | OfficerTrustee | 0.1 | $0 |
Ann Limberg Vice Chair & Secretary | OfficerTrustee | 0.1 | $0 |
Joseph Marion Treasurer | OfficerTrustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcbee Associates Inc Medical Services | 12/30/22 | $515,401 |
Homecare Homebase Llc Software Srv And Maintenance | 12/30/22 | $470,371 |
Fga Receivables Billing & Collection Svcs. | 12/30/22 | $216,000 |
Christian Health Care Center Rehabilitative Services | 12/30/22 | $475,936 |
Health Recovery Solutions Inc Remote Care Management | 12/30/22 | $181,570 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $327,162 |
| Government grants | $306,762 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $638,924 |
| Total Program Service Revenue | $64,812,049 |
| Investment income | $937,902 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$116,989 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,272,594 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,832,294 |
| Pension plan accruals and contributions | $1,138,032 |
| Other employee benefits | $4,806,075 |
| Payroll taxes | $2,488,034 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $78,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,258 |
| Fees for services: Other | $5,403,103 |
| Advertising and promotion | $3,795 |
| Office expenses | $950,080 |
| Information technology | $711,111 |
| Royalties | $0 |
| Occupancy | $356,136 |
| Travel | $723,776 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,553 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,824 |
| Insurance | $750 |
| All other expenses | $0 |
| Total functional expenses | $58,821,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,767,114 |
| Savings and temporary cash investments | $1,008,715 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,438,694 |
| 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 | $291,536 |
| Net Land, buildings, and equipment | $267,058 |
| Investments—publicly traded securities | $49,633,001 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,802,077 |
| Total assets | $70,208,195 |
| Accounts payable and accrued expenses | $6,544,785 |
| 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 | $4,659,050 |
| Total liabilities | $11,203,835 |
| Net assets without donor restrictions | $54,796,214 |
| Net assets with donor restrictions | $4,208,146 |
| 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 | $70,208,195 |