Cornerstone Hospice & Palliative Care Inc
- Assets
- $81.9m
- Revenue
- $88.9m
- Investments
- $0.0
- Employees
- 1,166
- Location
- Tavares, FL
- Founding
- 03/1985
- Data as of
- 09/2020
- EIN
- 59-2330114
Organization Overview
Cornerstone Hospice & Palliative Care Inc is located in Tavares, FL. The organization was established in 1985. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2021, Cornerstone Hospice & Palliative Care Inc employed 1,166 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Hospice & Palliative Care 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 09/2020, Cornerstone Hospice & Palliative Care Inc generated $88.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $84.8m during the year ending 09/2020. While expenses have increased by 3.2% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE QUALITY HOSPICE CARE AVAILABLE TO ALL PERSONS AFFECTED BY SERIOUS ILLNESS, AND TO BE RECOGNIZED AS THE LEADING RESOURCE IN CLINICAL, ETHICAL, AND SPIRITUAL ISSUES OF DYING AND GRIEF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORNERSTONE HOSPICE & PALLIATIVE CARE INC PROVIDED HOME-BASED SKILLED NURSING CARE, SOCIAL SERVICE, COUNSELING AND OTHER SERVICES TO THE TERMINALLY ILL PATIENTS INVOLVING APPROXIMATELY 441,117 PATIENT DAYS DURING THE YEAR. DURING FYE 9/30/2021, THE ORGANIZATION PROVIDED APPROXIMATELY $875,000 IN CHARITY CARE TO INDIVIDUALS WHO HAVE HEALTH CARE NEEDS AND ARE UNINSURED OR UNDER-INSURED, INELIGIBLE FOR A GOVERNMENT PROGRAM, AND OTHERWISE UNABLE TO PAY FOR MEDICALLY NECESSARY CARE BASED ON THEIR INDIVIDUAL FINANCIAL AND MEDICAL SITUATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Foundation Representative | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brian F Liebersbach Md Physician Services | 9/29/21 | $607,455 |
Ajit V Hansalia Md Physician Services | 9/29/21 | $445,257 |
Hospice & Palliative Physicians Of Central Florida Physician Services | 9/29/21 | $357,176 |
Juan Nova Md Physician Services | 9/29/21 | $210,401 |
Hospice Strategies Marketing Services | 9/29/21 | $191,520 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,382,933 |
| Investment income | $57,899 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$34,802 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,879,858 |
| Statement of Expenses | |
|---|---|
| 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. | $1,624,237 |
| Compensation to disqualified persons | $28,097 |
| Other salaries and wages | $44,686,619 |
| Pension plan accruals and contributions | $700,202 |
| Other employee benefits | $5,995,884 |
| Payroll taxes | $3,892,917 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $147,584 |
| Fees for services: Accounting | $87,515 |
| Fees for services: Lobbying | $60,224 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,700,755 |
| Advertising and promotion | $666,293 |
| Office expenses | $4,204,458 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,647,993 |
| Travel | $345,659 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $115,835 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,528,484 |
| Insurance | $405,221 |
| All other expenses | $0 |
| Total functional expenses | $84,791,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250 |
| Savings and temporary cash investments | $20,236,545 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,260,871 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $879,012 |
| Prepaid expenses and deferred charges | $1,689,192 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,462,374 |
| Total assets | $81,907,139 |
| Accounts payable and accrued expenses | $10,414,686 |
| Grants payable | $0 |
| Deferred revenue | $3,733,088 |
| 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 | $0 |
| Total liabilities | $14,147,774 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $67,759,365 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cornerstone Hospice & Palliative Care Inc has recieved totaling $10,050.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of West Chester Liberty West Chester, OH PURPOSE: OPERATING SUPPORT | $10,000 |
Baird Foundation Inc Milwaukee, WI PURPOSE: HEALTH AND HUMAN SERVICES | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Retirement Communities Inc Orlando, FL | $554,022,410 | $139,083,000 |
Noland Health Services Inc Birmingham, AL | $492,018,562 | $156,922,166 |
Christian & Missionary Alliance Foundation Inc Fort Myers, FL | $765,754,381 | $132,801,678 |
Miami Jewish Health Systems Inc Miami, FL | $91,015,655 | $95,541,241 |
The Moorings Incorporated Naples, FL | $850,838,065 | $103,391,616 |
Cornerstone Hospice & Palliative Care Inc Tavares, FL | $81,907,139 | $88,879,858 |
John Knox Village Of Florida Inc Pompano Beach, FL | $388,984,733 | $61,308,689 |
Naval Continuing Care Retirement Foundation Inc Atlantic Beach, FL | $325,372,144 | $53,968,868 |
Methodist Home For The Aging Birmingham, AL | $118,213,803 | $51,510,138 |
Lenbrook Square Foundation Inc Atlanta, GA | $291,448,667 | $46,078,205 |
Cypress Cove At Healthpark Florida Inc Fort Myers, FL | $165,133,632 | $33,291,550 |
Glenridge On Palmer Ranch Inc Jacksonville, FL | $194,012,729 | $37,245,180 |