Michael Malotz Skilled Nursing Pavilion
- Assets
- $52.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Yonkers, NY
- Founding
- 05/1998
- Data as of
- 12/2020
- EIN
- 31-1587828
Organization Overview
Michael Malotz Skilled Nursing Pavilion is located in Yonkers, NY. The organization was established in 1998. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael Malotz Skilled Nursing Pavilion 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 12/2020, Michael Malotz Skilled Nursing Pavilion generated $106.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $80.2k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (44.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
IN JULY 2014, THE MICHAEL MALOTZ SKILLED NURSING PAVILION ("MMSNP") ENTERED INTO AN ASSET PURCHASE AND SALE AGREEMENT WITH AN UNRELATED BUYER FOR THE PURCHASE OF THE FACILITY. THE SALE WAS COMPLETED ON AUGUST 31, 2015 (THE CLOSING DATE). THE MMSNP IS IN THE PROCESS OF DISSOLVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis M Keane Chief Financial Officer | 0.5 | $0 | |
Ron Corti Chief Executive Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $106,838 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $106,838 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $162 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $80,162 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $52,641 |
| Other assets | $0 |
| Total assets | $52,641 |
| Total liabilities | $502,198 |
| Net assets or fund balances | -$449,557 |