Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $15,202,466

• 1e · Government grants (contributions)

  $11,051,391

• 1f · All other contributions, gifts and grants

  $5,520,733

• 1g · Noncash contributions included above

  $550

• 2a · Program service revenue: CARE OF PATIENTS

  total $80,777,903 · related or exempt $80,777,903

• 3 · Investment income

  total $303,152 · excluded $303,152

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 6d · Net rental income or loss

  total $0

• 7a · Gross sales of assets other than inventory

  securities $363,242

• 7b · Less cost or other basis and sales expenses

  securities $88,194

• 7c · Gain or loss

  securities $275,048

• 7d · Net gain or loss

  total $275,048 · excluded $275,048

• 8a · Fundraising events: gross income

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: LIABILITY WRITE OFF

  total $472,505 · excluded $472,505

• 11b · Other revenue: MANAGEMENT SERVICES SPACE ALLOCATION

  total $470,089 · excluded $470,089

• 11c · Other revenue: ADVANCED TRAINING IN CREDIT

  total $2,689,128 · excluded $2,689,128

• 11d · All other revenue

  total $2,685,484 · excluded $2,685,484

• 11e · Other revenue, total

  $6,317,206

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $864,500 · program services $864,500

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $0

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $36,544,300 · program services $35,803,981 · management and general $740,319

• 8 · Pension plan contributions

  total $3,975,338 · program services $3,894,805 · management and general $80,533

• 9 · Other employee benefits

  total $11,554,885 · program services $11,320,805 · management and general $234,080

• 10 · Payroll taxes

  total $2,774,311 · program services $2,718,109 · management and general $56,202

• 11a · Fees: management

  total $3,580,294 · management and general $3,580,294

• 11b · Fees: legal

  total $321,512 · management and general $321,512

• 11c · Fees: accounting

  total $607,809 · management and general $607,809

• 11d · Fees: lobbying

  total $189,997 · management and general $189,997

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $151,821 · management and general $151,821

• 11g · Fees: other

  total $17,655,640 · program services $16,996,700 · management and general $658,940

• 12 · Advertising and promotion

  total $34,687 · management and general $34,687

• 13 · Office expenses

  total $7,922,611 · program services $7,922,611

• 14 · Information technology

  total $0

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $3,956,368 · program services $3,956,368

• 17 · Travel

  total $93,472 · program services $88,798 · management and general $4,674

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $17,045 · management and general $17,045

• 20 · Interest

  total $714,899 · program services $714,899

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $5,872,621 · program services $5,517,915 · management and general $354,706

• 23 · Insurance

  total $1,039,585 · program services $1,039,585

• 24a · Other expenses: NYS ASSESSMENT

  total $4,009,421 · program services $4,009,421

• 24b · Other expenses: FOOD SERVICES

  total $11,719,656 · program services $11,719,656

• 24c · Other expenses: MEDICAL SUPPLIES

  total $1,350,986 · program services $1,350,986

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,432,094 · end of year $2,005,999

• 2 · Savings and temporary cash investments

  beginning of year $875,363 · end of year $0

• 3 · Pledges and grants receivable

  beginning of year $12,302,633 · end of year $6,990,949

• 4 · Accounts receivable

  beginning of year $18,317,273 · end of year $24,527,109

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $1,113,505 · end of year $1,131,139

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,086,798 · end of year $1,722,522

• 10a · Land, buildings and equipment: cost or other basis

  $271,492,526

• 10b · Land, buildings and equipment: accumulated depreciation

  $170,703,923

• 10c · Land, buildings and equipment, net

  beginning of year $98,891,047 · end of year $100,788,603

• 11 · Investments: publicly traded securities

  beginning of year $5,306,292 · end of year $6,057,766

• 12 · Investments: other securities

  beginning of year $23,008,064 · end of year $22,762,898

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $25,592,299 · end of year $28,713,422

• 17 · Accounts payable and accrued expenses

  beginning of year $29,390,743 · end of year $30,546,918

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $267,711 · end of year $295,084

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $632,407 · end of year $441,825

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $49,522,866 · end of year $47,043,815

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $37,199,619 · end of year $33,644,996

• 27 · Net assets without donor restrictions

  beginning of year $59,276,953 · end of year $67,814,328

• 28 · Net assets with donor restrictions

  beginning of year $15,635,069 · end of year $14,913,441

The filer's explanations (Part III)

Schedule J, Part I, Line 3:

THE CEO AND OFFICERS AND KEY EMPLOYEES' COMPENSATION IS PAID THROUGH A RELATED MANAGEMENT SERVICE ORGANIZATION; RIVERSPRING SERVICES CORP. COMPENSATION IS ALLOCATED TO EACH RELATED ENTITY BASED ON AN APPROVED METHODOLOGY. DETERMINATION OF THE COMPENSATION IS BASED ON INDEPENDENT COMPARATIVE ANALYSIS OF COMPENSATION LEVELS FOR OTHER CEO'S AND OFFICERS IN ORGANIZATIONS OF SIMILAR SIZE IN THE LONG-TERM CARE INDUSTRY PRIMARILY IN THE NY METROPOLITAN AREA. THIS IS DONE BY AN INDEPENDENT COMPENSATION CONSULTANT AND THE INFORMATION IS THEN REVIEWED BY A COMPENSATION COMMITTEE AND APPROVED BY THE FULL BOARD OF THE RELATED ENTITIES PAYING THE COMPENSATION.

Schedule J, Part I, line 4B:

THE CFO and COO ARE THE ONLY PARTICIPANTS IN THE 457(F) PLAN. DURING 2022, AMOUNTS PAID OUT WERE AS FOLLOWS: Luz liebeskind - $58,164 David Pomeranz - $61,768 THESE AMOUNTS WERE REPORTED AS DEFERRED COMPENSATION IN PREVIOUS YEARS' 990s.

Schedule J, Part I, line 7:

BONUSES GIVEN ARE AT THE DISCRETION OF THE COMPENSATION COMMITTEE DEPENDING ON WHETHER OR NOT METRICS ESTABLISHED EVERY YEAR ARE MET.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• RIVERSPRING POOLED ASSET FUND 1 LLC

  Manages inves · NY