Cornerstone Hospice & Palliative Care Inc
- Assets
- $67.5m
- Revenue
- $85.5m
- Investments
- $0.0
- Employees
- 716
- Location
- Temple Terrace, FL
- Founding
- 03/1985
- Data as of
- 12/2023
- EIN
- 59-2330114
Organization Overview
Cornerstone Hospice & Palliative Care Inc is located in Temple Terrace, 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 12/2023, Cornerstone Hospice & Palliative Care Inc employed 716 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 12/2023, Cornerstone Hospice & Palliative Care Inc generated $85.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $85.6m during the year ending 12/2023. While expenses have increased by 2.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES HOSPICE AND PALLIATIVE CARE SERVICES THAT RELIEVE THE SUFFERING OF PERSONS RESIDING IN ITS COMMUNITIES AFFECTED BY LIFE-LIMITING ILLNESSES AND END-OF-LIFE ISSUES SO ALL MAY LIVE AS FULLY AS POSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES A FULL RANGE OF MEDICAL AND SUPPORTIVE SERVICES TO INDIVIDUALS AND THEIR FAMILIES FACING A CRISIS OF TERMINAL ILLNESS. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO CUSTOMIZED TREATMENT PROGRAMS, COMFORT AND PAIN MANAGEMENT, REGULARLY SCHEDULED VISITS FROM NURSES WHO SPECIALIZE IN THE RECOGNITION AND TREATMENT OF PAIN, 24/7 ON CALL SERVICES, COUNSELING FOR FAMILY MEMBERS, AND CHILDREN'S BEREAVEMENT PROGRAM. CARE SERVICES ARE PROVIDED AT HOME, IN ASSISTED LIVING AND NURSING HOME ENVIRONMENTS, OR IN HOSPICE CARE CENTERS. IN 2023, CORNERSTONE HOSPICE SERVED 6,997 PATIENTS IN ITS COMMUNITIES AND MAINTAINS 31% MARKET SHARE IN THE COUNTIES IT SERVES . THE COMPANY HAS 400 TRAINED VOLUNTEERS WHOSE DONATED TIME IS VALUED AT $810,745. CORNERSTONE HOSPICE PROVIDED $1.013M IN CHARITY CARE IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President/ceo | OfficerTrustee | 2 | $0 |
Name Not Listed Treasurer/secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Chief Operating Officer | OfficerTrustee | 2 | $0 |
Name Not Listed Chief Financial Officer | OfficerTrustee | 2 | $0 |
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ajit V Hansalia Md Physician Services | 12/30/22 | $434,594 |
Hospice & Palliative Physicians Of Central Florida Physician Services | 12/30/22 | $390,807 |
Brian F Liebersbach Md Physician Services | 12/30/22 | $609,539 |
Juan Nova Md Physician Services | 12/30/22 | $166,002 |
Hospice Strategies Marketing Services | 12/30/22 | $175,560 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,500,000 |
| 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 | $1,500,000 |
| Total Program Service Revenue | $83,913,260 |
| 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 | $85,500,690 |
| 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. | $637,486 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,515,676 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,604,834 |
| Payroll taxes | $2,987,064 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $543,253 |
| Fees for services: Accounting | $100,410 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $858,815 |
| Advertising and promotion | $98,996 |
| Office expenses | $1,034,315 |
| Information technology | $1,666,010 |
| Royalties | $0 |
| Occupancy | $3,381,698 |
| Travel | $1,568,311 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $73,157 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,111,683 |
| Insurance | $18,135 |
| All other expenses | $651,665 |
| Total functional expenses | $85,579,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $304,283 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,421,135 |
| 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 | $790,718 |
| Net Land, buildings, and equipment | $41,396,665 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,460,000 |
| Other assets | $17,090,052 |
| Total assets | $67,462,853 |
| Accounts payable and accrued expenses | $8,051,716 |
| 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 | $6,118,483 |
| Total liabilities | $14,170,199 |
| Net assets without donor restrictions | $45,366,754 |
| Net assets with donor restrictions | $7,925,900 |
| 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 | $67,462,853 |