Yale-New Haven Care Continuum Corporation
- Assets
- $9.9m
- Revenue
- $12.8m
- Investments
- $0.0
- Employees
- 191
- Location
- New Haven, CT
- Founding
- 11/2012
- Data as of
- 09/2023
- EIN
- 45-5235566
Organization Overview
Yale-New Haven Care Continuum Corporation is located in New Haven, CT. The organization was established in 2012. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 09/2023, Yale-New Haven Care Continuum Corporation employed 191 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yale-New Haven Care Continuum Corporation 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 09/2023, Yale-New Haven Care Continuum Corporation generated $12.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $19.7m during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAIN AND OPERATE A CHRONIC AND CONVALESCENT NURSING HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OTHE CORPORATION OPERATES A 114-BED SKILLED NURSING FACILITY THAT PROVIDES LONG-TERM CARE FOR THOSE UNABLE TO LIVE INDEPENDENTLY AND SHORT-TERM REHABILITATION FOR PATIENTS WHO HAVE EXPERIENCED ELECTIVE SURGERY, AN INJURY OR A TRAUMATIC MAJOR ILLNESS. DURING FY23 THE CORPORATION HAD 33,297 PATIENT DAYS AND PROVIDED VARIOUS SERVICES INCLUDING BUT NOT LIMITED TO RESPITE CARE FOR FAMILY MEMBERS AND CAREGIVERS WHO NEED A REST FROM THE DEMANDS OF PROVIDING CONTINUOUS CARE AT HOME; STROKE RECOVERY FOR VICTIMS OF STROKE WHO OFTEN REQUIRE EXTENDED REHABILITATION SERVICES IN ORDER TO ACHIEVE A LEVEL OF FUNCTIONALITY THAT ALLOWS THEM TO RETURN HOME; PROVIDE CARE FOR LVAD AND HVAD PATIENTS, ORTHOPEDIC RECOVERY FOR PATIENTS WHO HAVE UNDERGONE BONE AND/OR JOINT SURGERY, INCLUDING INDIVIDUALIZED ONE-ON-ONE THERAPY WITH TRAINED STAFF, FOR PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY, SEVEN DAYS A WEEK; RESPIRATORY THERAPY SERVICES 7 DAYS A WEEK FOR THOSE PATIENTS WITH COPD, PNEUMONIA, TRACHS, IV THERAPY, WOUND VAC, CHEST PERCUSSION THERAPY, ETC; PARTNERSHIP WITH SMILOW TEAM TO PROVIDE SERVICES FOR REHABILITATION SERVICES TO PATIENTS BEING TREATED AT SMILOW AND COORDINATE SERVICES TO AND FROM THE MAIN CAMPUS; A CONTRACT IS IN PLACE WITH THE MOLECULAR NEUROSCIENCE INSTITUTE TO PROVIDE A CONTROLLED ENVIRONMENT FOR STUDY PATIENTS WHILE UNDERGOING TREATMENT; REHABILITATION AND LONG-TERM CARE FOR PATIENTS THAT ARE UNDOCUMENTED OR DO NOT HAVE INSURANCE TO COVER THEIR STAY IN A FACILITY, AND QUICK ACCESS TO LABS, MEDICATIONS AND DIAGNOSTIC SERVICES (SUCH AS RADIOLOGICAL SERVICES).
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent Tammaro Former (current Yr Comp) | 0 | $0 | |
Vincent Tammaro Former (vested Deferred) | 0 | $0 | |
Thomas Balcezak President/trustee | OfficerTrustee | 1 | $0 |
Olukemi Akande Secretary/trustee | OfficerTrustee | 1 | $0 |
Marlyn Ortiola Nurse | 40 | $214,309 | |
Cynthia Gibbons Treasurer/trustee | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Century Financial Services Inc Collections | 9/29/16 | $172,599 |
Readynurse Staffing Services Staffing Agency | 9/29/16 | $119,718 |
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 | $12,767,751 |
| Investment income | $0 |
| 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 | $12,770,932 |
| 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 | $9,563,486 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,126,612 |
| Payroll taxes | $676,488 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,440 |
| Fees for services: Accounting | $7,487 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,123,649 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $773,815 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $197 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $429,166 |
| Insurance | $34,574 |
| All other expenses | $0 |
| Total functional expenses | $19,683,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $567,982 |
| 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 | $1,500 |
| Net Land, buildings, and equipment | $8,529,446 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $701,000 |
| Other assets | $104,636 |
| Total assets | $9,904,564 |
| Accounts payable and accrued expenses | $1,901,962 |
| 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 | $43,193,802 |
| Total liabilities | $45,095,764 |
| Net assets without donor restrictions | -$35,191,200 |
| 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 | $9,904,564 |