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Nonprofiteer
← GENESIS HEALTH INC

Form 990 for tax year 2022

Filed by GENESIS HEALTH INC.

What the amendment changed

Compared with the return it replaced , filed 14 November 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$47,400,241
Total expenses
$40,302,475
Contributions and grants received
$0
Grants paid
$320,729
Program service revenue
$30,341,212
Investment income
$16,920,460
Other revenue
$138,569
Total assets, end of year
$557,773,912
Total liabilities, end of year
$330,544,434
Net assets or fund balances, end of year
$227,229,478
Program services expenses (Part IX)
$31,576,057
Management and general expenses
$8,726,418
Fundraising expenses
$0
Program service expenses (Part III)
$31,576,057

Program services were 78.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MANAGEMENT FEES

    total $29,379,959 · related or exempt $29,379,959

  • 2b · Program service revenue: OTHER OPERATING REVENUE

    total $961,253 · related or exempt $961,253

  • 3 · Investment income

    total $1,251,980 · excluded $1,251,980

  • 6a · Gross rents

    real property $138,547

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $138,547

  • 6d · Net rental income or loss

    total $138,547 · unrelated business $44,658 · excluded $93,889

  • 7a · Gross sales of assets other than inventory

    securities $15,668,480

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

    securities $0

  • 7c · Gain or loss

    securities $15,668,480

  • 7d · Net gain or loss

    total $15,668,480 · excluded $15,668,480

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $22 · excluded $22

  • 11e · Other revenue, total

    $22

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $320,729 · program services $320,729

  • 5 · Compensation of officers, directors and key employees

    total $5,065,679 · program services $3,596,819 · management and general $1,468,860

  • 7 · Other salaries and wages

    total $8,347,372 · program services $7,524,909 · management and general $822,463

  • 8 · Pension plan contributions

    total $901,780 · program services $712,406 · management and general $189,374

  • 9 · Other employee benefits

    total $2,668,052 · program services $2,107,761 · management and general $560,291

  • 10 · Payroll taxes

    total $1,024,230 · program services $809,142 · management and general $215,088

  • 11b · Fees: legal

    total $735,851 · management and general $735,851

  • 11c · Fees: accounting

    total $87,984 · management and general $87,984

  • 11f · Fees: investment management

    total $705,223 · management and general $705,223

  • 11g · Fees: other

    total $2,090,488 · program services $2,090,488

  • 12 · Advertising and promotion

    total $697,742 · program services $49,392 · management and general $648,350

  • 13 · Office expenses

    total $2,619,029 · program services $1,553,133 · management and general $1,065,896

  • 14 · Information technology

    total $2,126,452 · program services $2,123,144 · management and general $3,308

  • 16 · Occupancy

    total $462,365 · program services $366,005 · management and general $96,360

  • 17 · Travel

    total $351,701 · program services $251,882 · management and general $99,819

  • 19 · Conferences, conventions and meetings

    total $253,116 · program services $36,650 · management and general $216,466

  • 20 · Interest

    total $7,184,776 · program services $7,184,776

  • 22 · Depreciation, depletion and amortization

    total $3,599,413 · program services $2,246,447 · management and general $1,352,966

  • 23 · Insurance

    total $286,948 · management and general $286,948

  • 24a · Other expenses: OTHER EXPENSES

    total $361,295 · program services $196,507 · management and general $164,788

  • 24b · Other expenses: RECRUITING

    total $302,459 · program services $296,076 · management and general $6,383

  • 24c · Other expenses: MEDICAL SUPPLIES

    total $109,791 · program services $109,791

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,633,097 · end of year $4,129,050

  • 8 · Inventories for sale or use

    beginning of year $692,362 · end of year $1,016,987

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,956,067 · end of year $2,358,919

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

    $111,341,347

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

    $29,056,504

  • 10c · Land, buildings and equipment, net

    beginning of year $77,179,458 · end of year $82,284,843

  • 11 · Investments: publicly traded securities

    beginning of year $428,594,160 · end of year $311,475,489

  • 13 · Investments: program-related

    beginning of year $8,586 · end of year $167,363

  • 15 · Other assets

    beginning of year $142,161,169 · end of year $156,341,261

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,195,717 · end of year $14,112,072

  • 18 · Grants payable

    beginning of year $1,225,000 · end of year $524,000

  • 19 · Deferred revenue

    beginning of year $532

  • 20 · Tax-exempt bond liabilities

    beginning of year $320,139,070 · end of year $314,090,924

  • 25 · Other liabilities

    beginning of year $3,671,631 · end of year $1,817,438

  • 27 · Net assets without donor restrictions

    beginning of year $310,992,949 · end of year $227,229,478

Mission and programs · 2022

Mission

TO ADVANCE HEALTH AND WELL-BEING OF PERSONS REQUIRING REHABILITATION THROUGH SUPERIOR OUTCOMES, SERVICE, EDUCATION AND RESEARCH.

Activities or mission (Part I)

SUPPORT AND ADMINISTRATION FOR BROOKS REHABILITATION HOSPITAL AND AFFILIATES

  • PLEASE SEE SCHEDULE O.

    Expenses $31,576,057 · Grants $320,729 · Revenue $30,341,212

As filed on the 2022 return.

Listed in Part VII

  • BRUCE M JOHNSON

    CHAIRMAN

    Total calculated
    $46,500
    From this org
    $46,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 4 related

  • HOWARD C SERKIN

    VICE-CHAIRMAN

    Total calculated
    $38,400
    From this org
    $38,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 5 related

  • KEVIN BARRETT MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SHELLY BOYNTON

    BOARD MEMBER

    Total calculated
    $7,800
    From this org
    $7,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • ERNEST N BRODSKY

    BOARD MEMBER

    Total calculated
    $26,100
    From this org
    $26,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 2 related

  • THOMAS BROTT MD - RETIRED

    BOARD MEMBER

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • STANLEY W CARTER

    BOARD MEMBER

    Total calculated
    $15,900
    From this org
    $15,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • PAMELA S CHALLY PHD RN

    BOARD MEMBER

    Total calculated
    $26,100
    From this org
    $26,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 2 related

  • TIMOTHY COST

    BOARD MEMBER

    Total calculated
    $16,200
    From this org
    $16,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • LEE LOMAX

    BOARD MEMBER

    Total calculated
    $22,800
    From this org
    $22,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • LISA PALMER

    BOARD MEMBER

    Total calculated
    $10,800
    From this org
    $10,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • LYNN PAPPAS

    BOARD MEMBER

    Total calculated
    $18,600
    From this org
    $18,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • FORREST TRAVIS

    BOARD MEMBER

    Total calculated
    $16,800
    From this org
    $16,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • DOUGLAS M BAER

    CEO

    Total calculated
    $2,466,414
    From this org
    $2,402,243
    From related orgs
    $0
    Other
    $64,171
    Hours/week
    40 + 11 related

    Schedule J breakdown matched by us

    Base
    $553,510
    Bonus
    $222,958
    Other
    $1,625,775
    Deferred
    $47,500
    Nontaxable benefits
    $16,671
    Filer's total
    $2,466,414

  • DANIEL R CURRAN

    CFO

    Total calculated
    $457,234
    From this org
    $438,079
    From related orgs
    $0
    Other
    $19,155
    Hours/week
    40 + 11 related

    Schedule J breakdown matched by us

    Base
    $311,812
    Bonus
    $124,783
    Other
    $1,484
    Deferred
    $13,223
    Nontaxable benefits
    $5,932
    Filer's total
    $457,234

  • RUSTY NEWTON

    BOARD MEMBER

    Total calculated
    $11,100
    From this org
    $11,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • J BRITTON TABOR

    CFO

    Total calculated
    $407,968
    From this org
    $400,344
    From related orgs
    $0
    Other
    $7,624
    Hours/week
    30 + 21 related

    Schedule J breakdown matched by us

    Base
    $400,344
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,624
    Filer's total
    $407,968

  • TREVOR PARIS MD

    CMO

    Total calculated
    $616,079
    From this org
    $564,208
    From related orgs
    $0
    Other
    $51,871
    Hours/week
    30 + 14 related

    Schedule J breakdown matched by us

    Base
    $394,981
    Bonus
    $163,602
    Other
    $5,625
    Deferred
    $27,000
    Nontaxable benefits
    $24,871
    Filer's total
    $616,079

  • VICTOR DERIENZO

    COO AGING SERVICES & OP

    Total calculated
    $388,608
    From this org
    $350,247
    From related orgs
    $0
    Other
    $38,361
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $249,760
    Bonus
    $99,856
    Other
    $631
    Deferred
    $21,690
    Nontaxable benefits
    $16,671
    Filer's total
    $388,608

  • KRIS A ROBERTS

    COO IP & HOME HEALTH

    Total calculated
    $389,104
    From this org
    $359,631
    From related orgs
    $0
    Other
    $29,473
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,816
    Bonus
    $101,848
    Other
    $967
    Deferred
    $12,892
    Nontaxable benefits
    $16,581
    Filer's total
    $389,104

  • JOANNE HOERTZ

    SVP NURSING

    Total calculated
    $358,155
    From this org
    $327,727
    From related orgs
    $0
    Other
    $30,428
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,981
    Bonus
    $91,155
    Other
    $1,591
    Deferred
    $22,762
    Nontaxable benefits
    $7,666
    Filer's total
    $358,155

  • LISA KEMPH

    VP CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $299,134
    From this org
    $279,863
    From related orgs
    $0
    Other
    $19,271
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,562
    Bonus
    $75,584
    Other
    $717
    Deferred
    $0
    Nontaxable benefits
    $19,271
    Filer's total
    $299,134

  • MARIA INTERIANO

    VP AGING SERVICES

    Total calculated
    $248,523
    From this org
    $241,312
    From related orgs
    $0
    Other
    $7,211
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,956
    Bonus
    $30,276
    Other
    $80
    Deferred
    $4,446
    Nontaxable benefits
    $2,765
    Filer's total
    $248,523

  • KATHY BARBOUR

    VP MARKETING & COMMUNICATIONS

    Total calculated
    $235,189
    From this org
    $211,534
    From related orgs
    $0
    Other
    $23,655
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,491
    Bonus
    $49,646
    Other
    $397
    Deferred
    $9,756
    Nontaxable benefits
    $13,899
    Filer's total
    $235,189

  • SABRINA SIMS

    VP REVENUE CYCLE MANAGEMENT

    Total calculated
    $227,338
    From this org
    $218,251
    From related orgs
    $0
    Other
    $9,087
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,860
    Bonus
    $18,542
    Other
    $849
    Deferred
    $0
    Nontaxable benefits
    $9,087
    Filer's total
    $227,338

  • ROBERT ROWE

    EXECUTIVE DIRECTOR OF HIGHER LEARNING

    Total calculated
    $226,466
    From this org
    $177,262
    From related orgs
    $0
    Other
    $49,204
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,526
    Bonus
    $44,146
    Other
    $1,590
    Deferred
    $24,483
    Nontaxable benefits
    $24,721
    Filer's total
    $226,466

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Tax indemnification and gross-up payments
  • 1a · Discretionary spending account
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE ORGANIZATION REIMBURSES CLUB FEES AND DUES FOR THE CEO, COO AND SOME EXECUTIVE AND SENIOR VICE PRESIDENTS. THESE REIMBURSEMENTS ARE INCLUDED IN TAXABLE WAGES AND ARE GROSSED UP TO REIMBURSE THE EMPLOYEES FOR THE TAXES ASSOCIATED WITH THESE PAYMENTS. CAR ALLOWANCES ARE ALSO PROVIDED TO THESE EMPLOYEES AS NON-ACCOUNTABLE ALLOWANCES.
PART I, LINE 4B
THE ORGANIZATION PROVIDES A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN TO CERTAIN KEY EMPLOYEES. THE PLAN IS AN UNFUNDED DEFERRED COMPENSATION PLAN DESCRIBED IN SECTION 457(F) AND IS INTENDED FOR A SELECT GROUP OF MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES. AT THIS TIME, CONTRIBUTIONS TO AN INDIVIDUAL'S ACCOUNT UNDER THE PLAN ARE ON A PERCENTAGE OF THE INDIVIDUAL'S ANNUAL BASE SALARY AS APPROVED BY THE BOARD COMPENSATION COMMITTEE. VESTING IN THE PLAN FOR CURRENT MEMBERS OCCURS JANUARY 1, 2022, PROVIDED EMPLOYMENT IS MAINTAINED, AND DISREGARDING ACCELERATION DUE TO DEATH OR DISABILITY. FOR THE CURRENT TAX YEAR, PAYOUTS FROM THE PLAN FOR THE LISTED INDIVIDUALS WERE AS FOLLOWS, (LISTED AS A COMPONENT OF PART II, COLUMN (B)III AND COLUMN F): $1,621,914 - DOUGLAS M. BAER
PART I, LINE 6
THE COMPANY HAS A SUCCESS SHARING PLAN THAT INCLUDES MOST EMPLOYEES. PAYMENT IS CALCULATED AS A PERCENTAGE OF COMPENSATION AND IS TRIGGERED BY MEETING SPECIFIC OPERATIONAL AND FINANCIAL GOALS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

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

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GH HOLDINGS INC

    C · HOLDING COMPANY · FL · 100% owned · share of income $4,316 · controlled entity

    Directly controlled by GENESIS HEALTH INC

  • GH MANAGEMENT INC

    C · HOLDING COMPANY · FL · 100% owned · controlled entity

    Directly controlled by GH HOLDINGS INC

  • GENESIS MANAGEMENT SERVICES INC

    C · MANAGEMENT SERVICES · FL · 100% owned · controlled entity

    Directly controlled by GH HOLDINGS INC

  • GH MEDICAL SERVICES INC

    C · MEDICAL SERVICES · FL · 100% owned · share of income $427,278 · controlled entity

    Directly controlled by GH HOLDINGS INC

  • GH PARTNERSHIP HOLDINGS PPA INC

    C · INVESTMENT HOLDINGS · FL · 100% owned · controlled entity

    Directly controlled by GH HOLDINGS INC

Provenance

Return type
form_990
Tax year
2022
Filed
5 June 2024
IRS schema version
2022v5.0
Source object
202441659349300604

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