Skip to content
Nonprofiteer
← VILLAGE SENIOR SERVICES CORPORATION

Form 990 for tax year 2023

Filed by VILLAGE SENIOR SERVICES CORPORATION.

Totals

Total revenue
$1,261,011,773
Total expenses
$1,231,587,338
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,253,065,463
Investment income
$7,946,310
Other revenue
$0
Total assets, end of year
$348,267,318
Total liabilities, end of year
$169,648,329
Net assets or fund balances, end of year
$178,618,989
Program services expenses (Part IX)
$1,159,698,470
Management and general expenses
$71,888,868
Fundraising expenses
$0
Program service expenses (Part III)
$1,159,698,470

Program services were 94.2% 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: PREMIUM REVENUES

    total $1,253,065,463 · related or exempt $1,253,065,463

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $6,055,792 · excluded $6,055,792

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $87,715,627

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

    securities $85,825,109

  • 7c · Gain or loss

    securities $1,890,518 · other assets $0

  • 7d · Net gain or loss

    total $1,890,518 · excluded $1,890,518

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,164,479 · program services $928,572 · management and general $235,907

  • 7 · Other salaries and wages

    total $62,521,766 · program services $49,855,757 · management and general $12,666,009

  • 8 · Pension plan contributions

    total $2,131,228 · program services $1,699,472 · management and general $431,756

  • 9 · Other employee benefits

    total $6,310,683 · program services $5,032,230 · management and general $1,278,453

  • 10 · Payroll taxes

    total $4,601,362 · program services $3,669,192 · management and general $932,170

  • 11a · Fees: management

    total $32,093,925 · management and general $32,093,925

  • 11c · Fees: accounting

    total $190,254 · management and general $190,254

  • 11d · Fees: lobbying

    total $72,279 · management and general $72,279

  • 11f · Fees: investment management

    total $181,076 · management and general $181,076

  • 11g · Fees: other

    total $1,104,837,258 · program services $1,091,653,384 · management and general $13,183,874 · fundraising $0

  • 12 · Advertising and promotion

    total $2,334,031 · program services $434,680 · management and general $1,899,351

  • 13 · Office expenses

    total $2,135,006 · program services $1,724,661 · management and general $410,345

  • 14 · Information technology

    total $2,040,918 · program services $26,840 · management and general $2,014,078

  • 16 · Occupancy

    total $1,701,942 · program services $456,615 · management and general $1,245,327

  • 17 · Travel

    total $124,241 · program services $30,422 · management and general $93,819

  • 19 · Conferences, conventions and meetings

    total $28,315 · management and general $28,315

  • 20 · Interest

    total $31,069 · program services $7,608 · management and general $23,461

  • 22 · Depreciation, depletion and amortization

    total $1,329,961 · program services $16,232 · management and general $1,313,729

  • 23 · Insurance

    total $1,097,919 · program services $268,836 · management and general $829,083

  • 24a · Other expenses: ASSESSMENTS

    total $6,226,325 · program services $3,893,969 · management and general $2,332,356

  • 24b · Other expenses: MISCELLANEOUS

    total $433,301 · management and general $433,301

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $163,523,458 · end of year $70,338,861

  • 2 · Savings and temporary cash investments

    beginning of year $9,892,924 · end of year $82,177,289

  • 4 · Accounts receivable

    beginning of year $18,055,572 · end of year $7,003,667

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,270,259 · end of year $3,346,356

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

    $6,846,579

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

    $3,183,290

  • 10c · Land, buildings and equipment, net

    beginning of year $2,027,961 · end of year $3,663,289

  • 11 · Investments: publicly traded securities

    beginning of year $63,323,393 · end of year $50,192,400

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $71,727,529 · end of year $131,545,456

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,692,642 · end of year $16,368,608

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $171,835,744 · end of year $153,279,721

  • 27 · Net assets without donor restrictions

    beginning of year $145,292,710 · end of year $178,618,989

Mission and programs · 2023

Mission

See Schedule O

  • VSSC OPERATES A PARTIALLY CAPITATED MEDICAID MANAGED LONG-TERM CARE PROGRAM (MLTCP) PLAN, A DUAL ELIGIBLE SPECIAL NEEDS PLAN (DSNP), AND A MEDICAID ADVANTAGE PLUS (MAP) PLAN. THE MLTCP PLAN COVERS A WIDE RANGE OF LONG TERM CARE SERVICES INCLUDING A DEDICATED CARE TEAM. THE VOLUME OF MEMBERSHIPS HAS INCREASED TO OVER 23,912 IN 2023.

    Expenses $1,159,698,470 · Revenue $1,253,065,463

As filed on the 2023 return.

Listed in Part VII

  • Emma Devito

    PRESIDENT AND CEO

    Total calculated
    $1,445,143
    From this org
    $0
    From related orgs
    $1,373,557
    Other
    $71,586
    Hours/week
    24.5 + 14 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,086,398 related
    Bonus
    $0 + $276,491 related
    Other
    $0 + $10,668 related
    Deferred
    $0 + $39,600 related
    Nontaxable benefits
    $0 + $31,986 related
    Filer's total
    $0 + $1,445,143 related

  • John W Behre

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.2 related

  • Judy Choi

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.4 + 0.2 related

  • Mary Caracappa

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 0.2 related

  • Daniel M Fox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.1 related

  • David H Sidwell

    DIRECTOR (through 5/23)

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Eleanor S Applewhaite

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Elizabeth Butson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Gail Donovan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4 + 0.2 related

  • Glenna R Michaels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4 + 0.2 related

  • James J Gardiner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • James R Knickman

    DIRECTOR (through 5/23)

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Judith Smith

    DIRECTOR (through 5/23)

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Leroy Sharer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Lynn Law

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Michael Rosen

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Ruth Levin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 0.1 related

  • Debra Tirado

    CFO

    Total calculated
    $669,976
    From this org
    $0
    From related orgs
    $627,079
    Other
    $42,897
    Hours/week
    24.5 + 14 related

    Schedule J breakdown matched by us

    Base
    $0 + $526,046 related
    Bonus
    $0 + $99,127 related
    Other
    $0 + $1,906 related
    Deferred
    $0 + $39,600 related
    Nontaxable benefits
    $0 + $3,297 related
    Filer's total
    $0 + $669,976 related

  • Jill Moscowitz

    CHIEF LEGAL OFFICER

    Total calculated
    $759,197
    From this org
    $0
    From related orgs
    $697,171
    Other
    $62,026
    Hours/week
    18.3 + 16.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $577,401 related
    Bonus
    $0 + $109,102 related
    Other
    $0 + $10,668 related
    Deferred
    $0 + $39,600 related
    Nontaxable benefits
    $0 + $22,426 related
    Filer's total
    $0 + $759,197 related

  • Lisa Garay

    EVP OF CLINICAL STRATEGY & OPS

    Total calculated
    $719,302
    From this org
    $650,305
    From related orgs
    $0
    Other
    $68,997
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $540,853
    Bonus
    $103,906
    Other
    $5,546
    Deferred
    $39,600
    Nontaxable benefits
    $29,397
    Filer's total
    $719,302

  • Vanessa Fernandez

    SVP of Business Development & Health Plan Ops

    Total calculated
    $445,177
    From this org
    $399,527
    From related orgs
    $0
    Other
    $45,650
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $339,861
    Bonus
    $58,520
    Other
    $1,146
    Deferred
    $23,100
    Nontaxable benefits
    $22,550
    Filer's total
    $445,177

  • Cynthia Rooney

    AVP Quality

    Total calculated
    $262,628
    From this org
    $242,332
    From related orgs
    $0
    Other
    $20,296
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $223,977
    Bonus
    $18,068
    Other
    $287
    Deferred
    $12,503
    Nontaxable benefits
    $7,793
    Filer's total
    $262,628

  • Prateek Arora

    VP Innovation, Strat. Initiatives & Prod Deve

    Total calculated
    $314,033
    From this org
    $299,171
    From related orgs
    $0
    Other
    $14,862
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $288,148
    Bonus
    $10,807
    Other
    $216
    Deferred
    $4,788
    Nontaxable benefits
    $10,074
    Filer's total
    $314,033

  • Steven Arnold

    SENIOR MEDICAL DIRECTOR (through 11/23)

    Total calculated
    $330,453
    From this org
    $315,883
    From related orgs
    $0
    Other
    $14,570
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $271,613
    Bonus
    $19,213
    Other
    $25,057
    Deferred
    $14,570
    Nontaxable benefits
    $0
    Filer's total
    $330,453

  • Xiaohong Dong

    AVP BUSINESS DEVELOPMENT

    Total calculated
    $288,280
    From this org
    $274,592
    From related orgs
    $0
    Other
    $13,688
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $251,220
    Bonus
    $22,340
    Other
    $1,032
    Deferred
    $13,688
    Nontaxable benefits
    $0
    Filer's total
    $288,280

  • Xin Liu

    NURSE ASSESSOR

    Total calculated
    $279,952
    From this org
    $272,925
    From related orgs
    $0
    Other
    $7,027
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $272,925
    Bonus
    $0
    Other
    $0
    Deferred
    $7,027
    Nontaxable benefits
    $0
    Filer's total
    $279,952

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

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

The filer's explanations (Part III)

Schedule J, Part I, Line 7 Non-fixed payments
THE BONSUSES LISTED IN PART II, COLUMN B(II) ARE PERFORMANCE BASED AND ARE DETERMINED AND APPROVED BY THE BOARD.

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

No itemized grants to organizations on this return.

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.

Related corporations and trusts

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

  • VILLAGE CARE HOLDING

    C Corporation · HOLDING COMPANY · NY · share of income $0 · share of assets $0

    Directly controlled by VCNY

  • VILLAGE CARE PLUS

    C Corporation · HEALTH CARE · NY · share of income $0 · share of assets $0

    Directly controlled by VCNY

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349315809

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.