Hudson River Healthcare Local Development Corporation
- Assets
- $12.6m
- Revenue
- $15.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Peekskill, NY
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 47-1482665
Organization Overview
Hudson River Healthcare Local Development Corporation is located in Peekskill, NY. The organization was established in 2015. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson River Healthcare Local Development 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 12/2021, Hudson River Healthcare Local Development Corporation generated $15.8m in total revenue. All expenses for the organization totaled $787.2k during the year ending 12/2021. While expenses have increased by 29.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HUDSON RIVER HEALTHCARE LOCAL DEVELOPMENT CORPORATION ("HRLDC") WILL ACQUIRE, REHABILITATE AND CONSTRUCT AN EXPANDED FEDERALLY QUALIFIED HEALTH CENTER LOCATED AT 1037 MAIN STREET, 1031 MAIN STREET AND 55 BANK STREET, PEEKSKILL, NEW YORK 10566 (THE "PROJECT"). THE PROJECT WILL BE LEASED TO SUN RIVER HEALTH, INC. TO BE OPERATED AS A COMMUNITY HEALTH CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP AND OWN FACILITIES FOR DELIVERY OF SOCIAL AND HEALTH CARE SERVICES IN THE COMMUNITY OF PEEKSKILL, NY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan L Steiner Chairman | OfficerTrustee | 1 | $0 |
Andrew S Richter PHD Treasurer | OfficerTrustee | 1 | $0 |
Marcia Jacobowitz-Paz Vice Chairman | OfficerTrustee | 1 | $0 |
Luke Hilpert Secretary | OfficerTrustee | 1 | $0 |
Norma Johnson Vice Chairman | OfficerTrustee | 1 | $0 |
Anne K Nolon President & CEO | Officer | 1 | $0 |
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 | $196,167 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,580,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,776,167 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,998 |
| Fees for services: Accounting | $2,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $274 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $187,469 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $540,046 |
| Insurance | $7,105 |
| All other expenses | $8,550 |
| Total functional expenses | $787,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $3,206 |
| Net Land, buildings, and equipment | $12,582,560 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,585,766 |
| Accounts payable and accrued expenses | $0 |
| 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 | $71,902 |
| Total liabilities | $71,902 |
| Net assets without donor restrictions | $12,513,864 |
| 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 | $12,585,766 |
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