Willow Gardens Inc
- Assets
- $20.5m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 108
- Location
- New Rochelle, NY
- Founding
- 04/2015
- Data as of
- 12/2023
- EIN
- 45-1019853
Organization Overview
Willow Gardens Inc is located in New Rochelle, NY. The organization was established in 2015. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Willow Gardens Inc employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Willow Gardens 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 12/2023, Willow Gardens Inc generated $8.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 37.2% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A 68 BED RESIDENTIAL FACILITY FOR THE ELDERLY IN NEW ROCHELLE, NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCATED ON OUR 7.4 ACRE CAMPUS OF COMPREHENSIVE CARE, WILLOW GARDENS BRINGS TOGETHER SENIORS WITH COGNITIVE IMPAIRMENTS IN ONE DEDICATED RESIDENTIAL COMMUNITY. YOUR LOVED ONE BENEFITS FROM OUR 100+ YEARS OF EXPERIENCE IN ALZHEIMER'S AND DEMENTIA CARE, IN A NEW, STATE-OF-THE-ART FACILITY STAFFED BY CARING PROFESSIONALS WHO WILL ENSURE THE SAFETY, COMFORT, AND CARE OF YOUR FAMILY MEMBER ON A DAILY BASIS.YOUR LOVED ONES WILL ENJOY WILLOW GARDENS' BEST-IN-CLASS AMENITIES, DESIGNED WITH THE SPECIAL NEEDS OF ADULTS WITH MEMORY IMPAIRMENT IN MIND: VISUAL CUES AND CONTRASTING COLORS STIMULATE MEMORY AND HELP RESIDENTS IDENTIFY THEIR SURROUNDINGS. THEY'LL ALSO ENJOY THE FREEDOM TO ROAM THE RESIDENCE AND TO STROLL A SECURE WALKING GARDEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rita C Mabli President & CEO | OfficerTrustee | 0.5 | $0 |
Malcolm Lazarus Chairman | OfficerTrustee | 0.5 | $0 |
Mark Hartman Vice Chair | OfficerTrustee | 0.5 | $0 |
Rosemary Mclaughlin Secretary & Treasurer | OfficerTrustee | 0.5 | $0 |
Anthony Nardozzi Director | Trustee | 0.5 | $0 |
Donald Duberstein Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nexdine Llc Food Services | 12/30/23 | $329,642 |
United Hebrew Geriatric Center Management Services | 12/30/23 | $288,000 |
Dicarlo Distributors Inc Food Services | 12/30/23 | $214,727 |
Allpro Nyc Llc Staffing Agency | 12/30/23 | $188,318 |
Andron Construction Corp Construction Services | 12/30/23 | $171,635 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $150,000 |
| Government grants | $0 |
| 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 | $155,000 |
| Total Program Service Revenue | $8,106,898 |
| Investment income | $1,404 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,267,310 |
| 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 | $4,417,422 |
| Pension plan accruals and contributions | $17,132 |
| Other employee benefits | $327,149 |
| Payroll taxes | $433,716 |
| Fees for services: Management | $288,000 |
| Fees for services: Legal | $2,967 |
| Fees for services: Accounting | $19,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $822,234 |
| Advertising and promotion | $0 |
| Office expenses | $204,235 |
| Information technology | $35,402 |
| Royalties | $0 |
| Occupancy | $797,206 |
| Travel | $686 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25 |
| Interest | $242,949 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $630,541 |
| Insurance | $115,848 |
| All other expenses | $2,853 |
| Total functional expenses | $8,890,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,649 |
| Savings and temporary cash investments | $693,850 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,589 |
| 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 | $132,322 |
| Net Land, buildings, and equipment | $19,363,766 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $190 |
| Total assets | $20,498,366 |
| Accounts payable and accrued expenses | $1,210,894 |
| Grants payable | $0 |
| Deferred revenue | $300 |
| 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 | $16,588,197 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $66,102 |
| Total liabilities | $17,865,493 |
| Net assets without donor restrictions | $2,632,873 |
| 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 | $20,498,366 |