Form 990 for tax year 2022

Totals

Total revenue

$12,972,285

Total expenses

$15,729,258

Contributions and grants received

$336,198

Grants paid

$0

Program service revenue

$12,452,403

Investment income

$30,806

Other revenue

$152,878

Total assets, end of year

$7,440,406

Total liabilities, end of year

$7,559,858

Net assets or fund balances, end of year

-$119,452

Program services expenses (Part IX)

$13,637,618

Management and general expenses

$2,091,640

Fundraising expenses

$0

Program service expenses (Part III)

$13,637,618

Program services were 86.7% 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.

Mission and programs · 2022

• EVOLVING FROM A 32-BED TO A 160-BED, LONG-TERM CARE AND REHABILITATIVE FACILITY SINCE ITS FOUNDING IN 1984, VALLEY HEALTH SERVICES, INC. IS A MAJOR HEALTHCARE PROVIDER AND VITAL COMMUNITY ASSET. THE PRIVATELY OWNED, NOT-FOR-PROFIT ORGANIZATION LOCATED IN HERKIMER, NEW YORK, PROVIDES CARE TO A LARGELY RURAL POPULATION AND IS THE EIGHTH LARGEST EMPLOYER IN HERKIMER COUNTY.A COMFORTABLE, HEALTHY ENVIRONMENT WITH QUALIFIED STAFF WHO PLACE AN EQUAL EMPHASIS ON MIND, BODY AND SPIRIT DEFINES THE CARE AT VALLEY HEALTH SERVICES INC. SERVICES AVAILABLE INCLUDE:- SKILLED NURSING, LONG-TERM CARE - SHORT-TERM INPATIENT AND REHABILITATION AND SUB-ACUTE CARE - PHYSICAL THERAPY - OCCUPATIONAL THERAPY - SPEECH THERAPY - WOUND CARE - IV THERAPY -OUTPATIENT REHABILITATION - PHYSICAL THERAPY - OCCUPATIONAL THERAPY - CARDIAC REHABILITATION - SPEECH THERAPY - OSTEOPOROSIS MANAGEMENT THE 12-SLOT ONSITE ADULT DAY CARE MEDICAL MODEL SITE AND 18-SLOT OFFSITE MEDICAL MODEL ADULT DAY CARE PROGRAM IN LITTLE FALLS WERE CANCELLED DUE TO THE COVID-19 PANDEMIC. OPERATIONS HAVE NOT RESUMED TO DATE. SPEECH THERAPY, IV THERAPY, CARDIAC REHABILITATION, PALLIATIVE CARE AND OSTEOPOROSIS MANAGEMENT ARE UNIQUE SERVICES TO THE GREATER HERKIMER AREA AVAILABLE AT VHS, INC. APPROXIMATELY 59% OF VALLEY HEALTH SERVICES REVENUE IS DERIVED FROM MEDICAID. AS SUCH, VHS, INC., INCURS AN APPROXIMATE SHORTFALL OF $63 PER PATIENT DAY REIMBURSED BY THE NYS MEDICAID SYSTEM. AN IN-HOUSE "NEEDY RESIDENT" FUND PROVIDES MONEY FOR INCIDENTAL ITEMS DESIRED BY RESIDENTS. VALLEY HEALTH SERVICES' HUMAN RESOURCES STAFF AND THE DIRECTOR OF COMMUNITY LIFE PARTICIPATED IN CAREER FAIRS WITH HERKIMER COUNTY WORKING SOLUTIONS, HERKIMER COLLEGE AND THE LPN PROGRAM AT HERKIMER COUNTY BOCES. THE DEPARTMENTS OF REHABILITATION THERAPY AND SOCIAL SERVICES PROVIDED CLINICAL SUPERVISION TO COLLEGE INTERNS.VHS' ADMINISTRATOR, KATHY EISENHUT, IS REPRESENTED ON THE BOARD OF HERKIMER COUNTY HEALTHNET AS WELL AS HEALTHNET'S LONG-TERM CARE COMMITTEE. IN ADDITION, PRESIDENT, LISA BETRUS, SERVES ON THE FOLLOWING NONPROFIT BOARDS: - AT HOME CARE, INC. - THE STANLEY THEATER - MOHAWK VALLEY REGIONAL ECONOMIC DEVELOPMENT COUNCIL - WORKFORCE INVESTMENT BOARD OF HERKIMER, MADISON AND ONEIDA COUNTIESVHS SERVES AS A CLINICAL ROTATION SITE FOR THE HERKIMER BOCES LPN AND CNA CLASSES. ADDITIONALLY, VHS OPERATES ITS OWN CNA CLASS. VHS' STAFF ALSO WORKS WITH RESIDENTS, RESIDENTS' FAMILY MEMBERS AND OUTPATIENTS AS REQUESTED TO ADDRESS ELIGIBILITY FOR FEDERAL, STATE AND LOCAL ASSISTANCE FOR ISSUES INVOLVING PATIENT CARE. VHS WORKS WITH CAREER CONNECTIONS OF THE HERKIMER ARC TO MATCH THEIR CLIENTS' SKILLS WITH AVAILABLE JOB OPPORTUNITIES. VHS' ANNUAL FUNDRAISING EVENTS HAVE NOT YET RESUMED. (NOTED BELOW) - BOARDWALK TO BETTER HEALTH- MAGIC OF HERKIMER- CONCERT WITH THE STANLEY THEATRE - BROOKS BBQ DINNER

  Expenses $13,637,618 · Revenue $12,603,710

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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.

• VALLEY HEALTH DEVELOPMENT CORPORATION

  501 (C) (3) · HOLDS A MORTGAGE FROM VALLEY HEALTH SERVICES, INC. · NY

• COMMUNITY CARE ALLIANCE INC

  501 (C) (3) · FACILITATE IMPROVEMENT OF ECONOMIES OF 5 NURSING HOMES · NY

• THE MARY IMOGENE BASSETT HOSPITAL

  501 (C) (3) · 180-BED ACUTE CARE INPATIENT TEACHING FACILITY · NY · controlled entity

  Directly controlled by BASSETT HEALTHCARE NETWORK

• BASSETT HEALTHCARE NETWORK

  501 (C) (3) · SUPPORTING ORG.TO M.I. BASSETT HOSPITAL,FRIENDS OF BASSETT & TEMPLE FDTN · NY

• LITTLE FALLS HOSPITAL

  501 (C) (3) · CRITICAL ACCESS HOSPITAL PROVIDING ACUTE CARE AND RESIDENTIAL HEALTH SVCS · NY · controlled entity

  Directly controlled by BASSETT HEALTHCARE NETWORK

• FRIENDS OF BASSETT INC

  501 (C) (3) · PROMOTE AND ADVANCE THE WELFARE OF ALL THURSTON CORPORATION MEMBERS · NY · controlled entity

  Directly controlled by BASSETT HEALTHCARE NETWORK

• AURELIA OSBORN FOX MEMORIAL HOSPITAL SOCIETY

  501 (C) (3) · HEALTH CARE ORGANIZATION OFFERING INPATIENT AND OUTPATIENT SERVICES · NY · controlled entity

  Directly controlled by BASSETT HEALTHCARE NETWORK

• TEMPLETON FOUNDATION

  501 (C) (3) · PROMOTE HEALTH CARE BY PROVIDING RESIDENTIAL FACILITIES & OFFICE SPACE · NY · controlled entity

  Directly controlled by BASSETT HEALTHCARE NETWORK

• O'CONNOR HOSPITAL

  501 (C) (3) · CRITICAL ACCESS HOSPITAL PROVIDING SVCS TO DELAWARE & SURROUNDING REGION · NY · controlled entity

  Directly controlled by BASSETT HEALTHCARE NETWORK

• TRI TOWN REGIONAL HEALTHCARE

  501 (C) (3) · PROVIDE ACUTE & EMERGENCY SVCS TO RESIDENTS - TOWN OF SIDNEY & TRI TOWN COMM · NY · controlled entity

  Directly controlled by BASSETT HEALTHCARE NETWORK

• BASSETT HOSPITAL OF SCHOHARIE CO

  501 (C) (3) · PROVIDE HEALTH CARE SERVICES TO SCHOHARIE COUNTY & SURROUNDING AREA · NY · controlled entity

  Directly controlled by BASSETT HEALTHCARE NETWORK

• VALLEY RESIDENTIAL SERVICES INC

  501 (C) (3) · PROVIDE ENRICHED HSG & MEDICAID ASST.LIVING SVCS-HERKIMER & SURROUNDING AREA · NY · controlled entity

  Directly controlled by BASSETT HEALTHCARE NETWORK

• BASSETT PPS LLC

  501 (C) (3) · HEALTHCARE · NY · controlled entity

  Directly controlled by BASSETT HEALTHCARE NETWORK

• AT HOME CARE PARTNERS

  501 (C) (3) · HEALTHCARE · NY

• AT HOME CARE INC

  501 (C) (3) · HEALTHCARE · NY

• AO FOX FOUNDATION

  501 (C) (3) · FUNDRAISER · NY

Provenance

Return type

form_990

Tax year

2022

Filed

19 October 2023

IRS schema version

2022v5.0

Source object

202333039349301358

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