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Nonprofiteer
← GRHS FOUNDATION INC

Form 990 for tax year 2023

Filed by GRHS FOUNDATION INC.

Totals

Total revenue
$45,998,790
Total expenses
$41,521,035
Contributions and grants received
$1,640,000
Grants paid
$0
Program service revenue
$44,108,260
Investment income
$180,093
Other revenue
$70,437
Total assets, end of year
$143,576,575
Total liabilities, end of year
$107,750,356
Net assets or fund balances, end of year
$35,826,219
Program services expenses (Part IX)
$40,295,654
Management and general expenses
$1,225,381
Fundraising expenses
$0
Program service expenses (Part III)
$40,295,654

Program services were 97.0% 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.

  • 1f · All other contributions, gifts and grants

    $1,640,000

  • 1g · Noncash contributions included above

    $1,640,000

  • 2a · Program service revenue: RENTAL INCOME

    total $25,281,938 · related or exempt $25,281,938

  • 2b · Program service revenue: RASC PATIENT REVENUE

    total $18,826,322 · related or exempt $18,826,322

  • 3 · Investment income

    total $87,960 · excluded $87,960

  • 7a · Gross sales of assets other than inventory

    other assets $466,680

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

    other assets $374,547

  • 7c · Gain or loss

    other assets $92,133

  • 7d · Net gain or loss

    total $92,133 · excluded $92,133

  • 11a · Other revenue: JANITORIAL CLEANING REVENUE

    total $41,060 · unrelated business $41,060

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $29,377 · related or exempt $29,377

  • 11e · Other revenue, total

    $70,437

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $85,748 · program services $68,376 · management and general $17,372

  • 7 · Other salaries and wages

    total $5,840,021 · program services $5,661,368 · management and general $178,653

  • 8 · Pension plan contributions

    total $129,702 · program services $123,561 · management and general $6,141

  • 9 · Other employee benefits

    total $798,151 · program services $762,114 · management and general $36,037

  • 10 · Payroll taxes

    total $329,017 · program services $313,439 · management and general $15,578

  • 11a · Fees: management

    total $1,360,156 · program services $1,216,899 · management and general $143,257

  • 11b · Fees: legal

    total $600 · program services $537 · management and general $63

  • 11c · Fees: accounting

    total $15,741 · program services $14,083 · management and general $1,658

  • 11g · Fees: other

    total $5,088,857 · program services $4,552,879 · management and general $535,978

  • 13 · Office expenses

    total $311,820 · program services $308,511 · management and general $3,309

  • 16 · Occupancy

    total $6,510,825 · program services $6,429,363 · management and general $81,462

  • 19 · Conferences, conventions and meetings

    total $3,300 · program services $3,265 · management and general $35

  • 20 · Interest

    total $4,496,115 · program services $4,496,115

  • 22 · Depreciation, depletion and amortization

    total $7,262,394 · program services $7,243,170 · management and general $19,224

  • 23 · Insurance

    total $180 · program services $178 · management and general $2

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $8,492,106 · program services $8,401,984 · management and general $90,122

  • 24b · Other expenses: SHARED SERVICES

    total $1,288,639 · program services $1,184,906 · management and general $103,733

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $190,207 · program services $190,207

  • 24d · Other expenses: TAXES AND ASSESSMENTS

    total $2,942 · program services $2,911 · management and general $31

  • 24e · All other expenses

    total -$685,486 · program services -$678,212 · management and general -$7,274

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,205,048 · end of year $854,411

  • 2 · Savings and temporary cash investments

    beginning of year $45,515 · end of year $45,515

  • 4 · Accounts receivable

    beginning of year $1,765,922 · end of year $1,222,176

  • 8 · Inventories for sale or use

    beginning of year $811,073 · end of year $969,787

  • 9 · Prepaid expenses and deferred charges

    beginning of year $629,525 · end of year $451,022

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

    $194,636,618

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

    $70,235,345

  • 10c · Land, buildings and equipment, net

    beginning of year $128,878,693 · end of year $124,401,273

  • 14 · Intangible assets

    beginning of year $23,929 · end of year $29,854

  • 15 · Other assets

    beginning of year $14,143,434 · end of year $15,602,537

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,106,670 · end of year $2,358,115

  • 19 · Deferred revenue

    beginning of year -$79,606 · end of year -$48,918

  • 20 · Tax-exempt bond liabilities

    beginning of year $37,577,872 · end of year $36,073,229

  • 21 · Escrow or custodial account liability

    beginning of year $31,847 · end of year $28,923

  • 23 · Secured mortgages and notes payable

    beginning of year $50,396,374 · end of year $47,307,794

  • 25 · Other liabilities

    beginning of year $25,121,522 · end of year $22,031,213

  • 27 · Net assets without donor restrictions

    beginning of year $31,348,460 · end of year $35,826,219

Mission and programs · 2023

Mission

TO BENEFIT ROCHESTER REGIONAL HEALTH AND ITS AFFILIATES TO ACCEPT, HOLD, INVEST, REINVEST AND ADMINISTER GIFTS, GRANTS, BEQUESTS, CONTRIBUTIONS, DEVISES, BENEFITS OF TRUSTS, ENDOWMENTS AND PROPERTY OF ANY KIND, WITHOUT LIMITATION AS TO AMOUNT OR VALUE FOR THE FOREGOING PURPOSES. TO USE DISBURSE OR PAY THE INCOME AND/OR PRINCIPAL THEREOF EXCLUSIVELY FOR THE FOREGOING PURPOSES. TO DO ANY OTHER THINGS OR ACT INCIDENTAL TO OR CONNECTED WITH THE FOREGOING PURPOSES OR IN ADVANCEMENT THEREOF, BUT NOT FOR THE PECUNIARY PROFIT OR FINANCIAL GAIN OF ITS MEMBERS, DIRECTORS, OFFICERS OR ANY OTHER PRIVATE PERSON.

Activities or mission (Part I)

THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY TO BENEFIT THE AFFILIATES OF ROCHESTER REGIONAL HEALTH.

  • OPERATING REAL PROPERTY INVESTMENTS, INCLUDING MEDICAL/OFFICE BUILDINGS, A PARKING GARAGE, APARTMENTS, AN ADULT DAYCARE FACILITY, AND PARCELS OF LAND, AS WELL AS MAINTAINING FINANCIAL INVESTMENTS ON BEHALF OF AFFILIATES.

    Expenses $22,816,181 · Revenue $25,311,315

  • AMBULATORY SURGERY CENTER

    Expenses $17,479,473 · Revenue $18,826,322

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Riedman

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Richard Davis PhD

    CEO

    Total calculated
    $3,137,087
    From this org
    $56,040
    From related orgs
    $3,026,168
    Other
    $54,879
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $30,409 + $1,642,074 related
    Bonus
    $25,631 + $1,384,094 related
    Other
    $0
    Deferred
    $839 + $45,328 related
    Nontaxable benefits
    $158 + $8,554 related
    Filer's total
    $57,037 + $3,080,050 related

  • Thomas Crilly

    CFO

    Total calculated
    $1,579,020
    From this org
    $25,899
    From related orgs
    $1,398,521
    Other
    $154,600
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $12,665 + $683,891 related
    Bonus
    $13,208 + $713,242 related
    Other
    $26 + $1,388 related
    Deferred
    $2,647 + $142,963 related
    Nontaxable benefits
    $163 + $8,827 related
    Filer's total
    $28,709 + $1,550,311 related

  • Hugh Thomas

    CAO

    Total calculated
    $1,739,491
    From this org
    $0
    From related orgs
    $1,730,390
    Other
    $9,101
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $467,323 related
    Bonus
    $0 + $474,557 related
    Other
    $0 + $788,510 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,101 related
    Filer's total
    $0 + $1,739,491 related

  • Christian Casini

    ASSISTANT SECRETARY

    Total calculated
    $371,721
    From this org
    $0
    From related orgs
    $337,568
    Other
    $34,153
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $321,343 related
    Bonus
    $0 + $16,225 related
    Other
    $0
    Deferred
    $0 + $30,027 related
    Nontaxable benefits
    $0 + $4,126 related
    Filer's total
    $0 + $371,721 related

  • Jennifer Eslinger

    COO

    Total calculated
    $1,305,382
    From this org
    $0
    From related orgs
    $1,294,014
    Other
    $11,368
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $748,219 related
    Bonus
    $0 + $545,795 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $11,368 related
    Filer's total
    $0 + $1,305,382 related

  • Jeffrey Peacock

    SR. DIRECTOR, AMBULATORY SURGERY

    Total calculated
    $257,463
    From this org
    $250,824
    From related orgs
    $0
    Other
    $6,639
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,957
    Bonus
    $41,867
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,639
    Filer's total
    $257,463

  • David Nasta

    DIRECTOR OF PURCHASING

    Total calculated
    $131,233
    From this org
    $131,233
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Melissa Delaney

    CLINCIAL DIRECTOR

    Total calculated
    $134,311
    From this org
    $132,008
    From related orgs
    $0
    Other
    $2,303
    Hours/week
    40

  • Theresa Tornatore

    DIRECTOR OF FINANCE

    Total calculated
    $136,836
    From this org
    $131,152
    From related orgs
    $0
    Other
    $5,684
    Hours/week
    40

  • Marti Denoto

    RN

    Total calculated
    $140,702
    From this org
    $135,582
    From related orgs
    $0
    Other
    $5,120
    Hours/week
    40

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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIALS IS ESTABLISHED USING THE FOLLOWING: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACTS - COMPENSATION SURVEYS AND STUDIES - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE ON AN ANNUAL BASIS, THE ORGANIZATION USES AN INDEPENDENT COMPENSATION CONSULTANT TO REVIEW THE SALARIES FOR ALL EXECUTIVES TO ENSURE SUCH SALARIES ARE CONSISTENT WITH MARKET SALARIES PAID TO SIMILARLY SITUATED EXECUTIVES. IN ADDITION, A COMPENSATION COMMITTEE REVIEWS THIS INFORMATION ANNUALLY AND IT IS THEN APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD. FINALLY, EXECUTIVES RECEIVE A WRITTEN LETTER OUTLINING THE SPECIFICS OF THE COMPENSATION AGREEMENT AND THEIR EXPECTED PERFORMANCE.
PART I, LINES 4A-B
SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS PROVIDE BENEFITS TO CERTAIN KEY EXECUTIVE EMPLOYEES OF ROCHESTER REGIONAL HEALTH. THE ORGANIZATION MAINTAINS A SECTION 457(F) PLAN WHICH WOULD BE CONSIDERED A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. THERE WERE NO DISTRIBUTIONS FROM THE PLAN IN 2023.
PART II, COLUMN C:
RETIREMENT AND OTHER DEFERRED COMPENSATION - THIS COLUMN IS REFLECTIVE OF THE ACTUARIAL CHANGE IN DEFINED BENEFIT PENSION PLAN AND POST-RETIRMENT BENEFITS FOR THE TAX YEAR.

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.

Disregarded entities

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

  • GRHS LLC

    AMBULATORY SURGERY CENTER · NY

    Directly controlled by GRHS FOUNDATION

Related partnerships

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

  • NW ASSOCIATES LP

    RELATED · R/E LEASING · NY · 73.61% owned

    Directly controlled by NWCH

  • PARMA SENIOR HOUSING

    HILTON PROJ · NY

  • UNITY SENIOR HOUSING

    MOORE PK · NY

Related corporations and trusts

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

  • ACM MEDICAL LABORATORY INC

    C · CLINICAL LAB · NY

    Directly controlled by PRH INC

  • GRACO RISK RETENTION GROUP INC

    C · INSURANCE · SC · 100% owned

    Directly controlled by RGH

  • GREATER ROCHESTER ASSURANCE COMPANY LTD

    C · INSURANCE · CJ · 100% owned

  • GREATER ROCHESTER INDEPENDENT PRACTICE ASSOCIATION INC

    C · INDEPENDENT PRACTICE ASSOCIATION · NY · 50% owned

  • NWA INC

    C · R/E LEASING · NY · 100% owned

    Directly controlled by NWCH

  • PARMA SENIOR HOUSING LLC

    C · SENIOR HOUSING · NY

    Directly controlled by ROCHESTER REGIONAL HEALTH

  • PRH INC

    C · MEDICAL LAB · NY

    Directly controlled by ROCHESTER REGIONAL HEALTH

  • ROCHESTER GENERAL HEALTH SYSTEM DIALYSIS INC

    C · DIALYSIS · NY · 100% owned

    Directly controlled by RGHS

  • UNITY HEALTH SYSTEM PURCHASING GROUP LLC

    C · SENIOR HOUSING · NY

    Directly controlled by ROCHESTER REGIONAL HEALTH

  • UNITY SENIOR HOUSING CORP

    C · SENIOR HOUSING · NY

    Directly controlled by ROCHESTER REGIONAL HEALTH

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202433199349303763

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