Queens-Long Island Renal Institute
- Assets
- $3.4m
- Revenue
- $4.9m
- Investments
- $500.0k
- Employees
- 80
- Location
- New Hyde Park, NY
- Founding
- 04/2010
- Data as of
- 12/2022
- EIN
- 26-4827558
Organization Overview
Queens-Long Island Renal Institute is located in New Hyde Park, NY. The organization was established in 2010. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Queens-Long Island Renal Institute employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Queens-Long Island Renal Institute 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, Queens-Long Island Renal Institute generated $4.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $5.3m 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
TO ASSURE DIALYSIS PATIENTS OF THE FINEST QUALITY OF CARE, STATE-OF-THE-ART TECHNOLOGY AND UNCOMPROMISED DIGNITY, IN A COMFORTABLE SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
QUEENS-LONG ISLAND RENAL INSTITUTE, INC. IS A CHARITABLE ORGANIZATION THAT RENDERS RENAL REPLACEMENT THERAPY SERVICES TO THOSE IN NEED. THE FACILITY IS LOCATED IN NEW HYDE PARK, NEW YORK AND PROVIDES IN-CENTER HEMODIALYSIS TO PATIENTS SUFFERING FROM END STAGE RENAL DISEASE (ESRD). TREATMENTS ARE PROVIDED TO PATIENTS IN FOUR DIFFERENT PATIENTS' SHIFTS, SIX DAYS PER WEEK. HEMODIALYSIS SERVICES ARE PROVIDED TO PATIENTS BY LICENSED AND TRAINED PROFESSIONALS IN ACCORDANCE WITH ALL STATE AND FEDERAL REGULATIONS. THE ORGANIZATION WILL BILL MEDICARE, MEDICAID AND OTHER THIRD PARTY PAYERS FOR SERVICES RENDERED TO PATIENTS. IN 2022 QUEENS-LONG ISLAND RENAL INSTITUTE SERVED 315 PATIENTS THROUGHOUT THE YEAR. IN 2022 QUEENS-LONG ISLAND RENAL INSTITUTE ALSO STARTED ITS HOME HEMODIALYSIS SERVICES. THE HOME HEMODIALYSIS PROGRAM SERVED 3 PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Sterling Chairman | OfficerTrustee | 1 | $0 |
Michael L Denhoff Vice Chair | OfficerTrustee | 1 | $0 |
Gary Granoff Vice Chair | OfficerTrustee | 1 | $0 |
Jerry Landsberg Vice Chair | OfficerTrustee | 1 | $0 |
Nina Koppelman Treasurer | OfficerTrustee | 1 | $0 |
Philip Kaplan Assistant Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Parker Jewish Institute For Health Care Administrative Services | 12/30/22 | $375,000 |
Renalliance Billing Group Billing And Consulting Services | 12/30/22 | $133,003 |
Ascend Clinical Llc Medical Lab Testing Services | 12/30/22 | $104,188 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $4,876,577 |
| Investment income | $1,894 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,895,470 |
| 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 | $1,994,351 |
| Pension plan accruals and contributions | $14,184 |
| Other employee benefits | $155,273 |
| Payroll taxes | $178,658 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $356 |
| Fees for services: Accounting | $41,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $821,407 |
| Advertising and promotion | $195,320 |
| Office expenses | $33,436 |
| Information technology | $38,224 |
| Royalties | $0 |
| Occupancy | $162,711 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,785 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $204,105 |
| Insurance | $84,897 |
| All other expenses | $79,893 |
| Total functional expenses | $5,292,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,129 |
| Savings and temporary cash investments | $1,043,543 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $571,420 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $148,694 |
| Prepaid expenses and deferred charges | $56,410 |
| Net Land, buildings, and equipment | $824,197 |
| Investments—publicly traded securities | $32,355 |
| Investments—other securities | $500,028 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,365,776 |
| Accounts payable and accrued expenses | $514,114 |
| 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 | $134,240 |
| Total liabilities | $648,354 |
| Net assets without donor restrictions | $2,717,422 |
| 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 | $3,365,776 |