Schaffer Extended Care Center
- Assets
- $9.5m
- Revenue
- $18.2m
- Investments
- $0.0
- Employees
- 176
- Location
- New Rochelle, NY
- Founding
- 10/2014
- Data as of
- 12/2022
- EIN
- 46-2929888
Organization Overview
Schaffer Extended Care Center is located in New Rochelle, NY. The organization was established in 2014. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2022, Schaffer Extended Care Center employed 176 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schaffer Extended Care Center 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, Schaffer Extended Care Center generated $18.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $24.0m during the year ending 12/2022. While expenses have increased by 2.3% 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
TO HEAL, TO TEACH, TO DISCOVER AND TO ADVANCE THE HEALTH OF THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHAFFER EXTENDED CARE CENTER AT MONTEFIORE NEW ROCHELLE HOSPITAL IS PART OF MONTEFIORE HEALTH SYSTEM, THE UNIVERSITY HOSPITAL SYSTEM FOR ALBERT EINSTEIN COLLEGE OF MEDICINE. THE CENTER OPERATES A 150-BED COMPREHENSIVE SKILLED NURSING FACILITY OFFERING SHORT-TERM REHABILITATION/SUB-ACUTE CARE AND SKILLED LONG-TERM CARE THAT PROVIDE A WIDE RANGE OF HEALTHCARE AND SOCIAL SERVICES FOR MEDICALLY FRAIL SENIORS AND THOSE WITH CHRONIC CONDITIONS OR DISABILITIES. SINCE OUR BEGINNING, OUR REHABILITATION PROGRAM HAS BEEN HELPING CARDIOPULMONARY, ORTHOPAEDIC, AND SURGERY PATIENTS TO RETURN TO THEIR HOMES AND FAMILIES AS QUICKLY AS POSSIBLE. OUR SHORT-TERM PROGRAM SPECIALIZES IN CARDIOPULMONARY REHABILITATION, POST-SURGERY AND STROKE RECOVERY, AS WELL AS FRACTURE, FALL AND FRAIL PATIENT CARE. WE ARE FOCUSED ON HELPING OUR PATIENTS RECOVER AND REGAIN THEIR FUNCTION AND INDEPENDENCE AS RAPIDLY AS POSSIBLE. SCHAFFER EXTENDED CARE CENTER BEGAN OPERATIONS ON NOVEMBER 6, 2013 AT THE SITE OF THE FORMER HOWE AVENUE NURSING HOME IN NEW ROCHELLE, NEW YORK. THE CARE CENTER PROVIDED 52,284 DAYS OF SKILLED NURSING AND RESIDENTIAL HEALTH CARE DURING 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Ozuah MD PHD President & CEO | OfficerTrustee | 2 | $0 |
Colleen Blye Exec VP & CFO | Officer | 2 | $0 |
Susan Green-Lorenzen RN System Senior Vp-Operations | Officer | 2 | $0 |
Christopher S Panczner Assistant Secretary | Officer | 2 | $0 |
Susamma Thomas RN Registered Nurse | 69 | $201,955 | |
Sophie Sutton Administrator | 40 | $181,183 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Approved Storage Waste Hauling I Waste Removal | 12/30/22 | $413,113 |
Cross County Staffing Inc Medical Staffing | 12/30/22 | $328,641 |
Doortronix Inc Repair Services | 12/30/22 | $264,229 |
Medical Staffing Network Inc Temporary Nurses | 12/30/22 | $243,880 |
Medical Solutions Llc Clinical Staffing | 12/30/22 | $228,003 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $274,643 |
| 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 | $274,643 |
| Total Program Service Revenue | $17,799,070 |
| Investment income | $109,501 |
| 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 | $18,219,145 |
| 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 | $9,568,849 |
| Pension plan accruals and contributions | $749,063 |
| Other employee benefits | $2,185,918 |
| Payroll taxes | $752,503 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $325 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,518,166 |
| Advertising and promotion | $39,846 |
| Office expenses | $1,157,486 |
| Information technology | $57,439 |
| Royalties | $0 |
| Occupancy | $1,213,662 |
| Travel | $735 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $106 |
| Interest | $225,674 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $309,202 |
| Insurance | $575,412 |
| All other expenses | $150,408 |
| Total functional expenses | $23,952,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350 |
| Savings and temporary cash investments | $332,482 |
| Pledges and grants receivable | $274,643 |
| Accounts receivable, net | $606,355 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,281,308 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $140,279 |
| Net Land, buildings, and equipment | $2,574,324 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,282,475 |
| Total assets | $9,492,216 |
| Accounts payable and accrued expenses | $3,916,699 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $227,475 |
| 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 | $30,137,392 |
| Total liabilities | $34,281,566 |
| Net assets without donor restrictions | -$24,789,350 |
| 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 | $9,492,216 |