Elderserve Health Inc

Organization Overview

Elderserve Health Inc, operating under the name riverspring health plans, is located in Bronx, NY. The organization was established in 2013. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 12/2021, riverspring health plans employed 391 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. riverspring health plans 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, riverspring health plans generated $957.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $948.2m during the year ending 12/2021. While expenses have increased by 7.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MANAGED LONG TERM CARE FOR FRAIL, ELDERLY, AND DISABLED INDIVIDUALS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MANAGED LONG TERM CARE FOR FRAIL, ELDERLY, AND DISABLED INDIVIDUALS WITH HIGH QUALITY SERVICES TO HELP THEM MAINTAIN MAXIMUM INDEPENDENCE AND QUALITY OF LIFE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sa Unified Home Care
Home Care
$38,693,037
Bnv Home Care Agency Inc
Home Care
$25,969,757
Americare Inc
Home Care
$27,617,668
Assistcare Home Health Services Ll
Home Care
$21,001,331
Good Care Agency Inc
Home Care
$33,451,850
View All Vendors

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$953,357,432
Investment income $2,662,965
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,006,673
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $957,027,070

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