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← GENESIS HEALTH DEVELOPMENT INC

Form 990 for tax year 2024

Filed by GENESIS HEALTH DEVELOPMENT INC.

Totals

Total revenue
$46,605,048
Total expenses
$49,250,458
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$44,822,422
Investment income
$1,703,460
Other revenue
$79,166
Total assets, end of year
$33,346,152
Total liabilities, end of year
$35,122,202
Net assets or fund balances, end of year
-$1,776,050
Program services expenses (Part IX)
$37,621,927
Management and general expenses
$11,628,531
Fundraising expenses
$0
Program service expenses (Part III)
$37,621,927

Program services were 76.4% 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: Net Patient Services

    total $25,320,361 · related or exempt $25,320,361

  • 2b · Program service revenue: Contract Services

    total $14,024,646 · related or exempt $14,024,646

  • 2c · Program service revenue: Community Program Services

    total $1,062,860 · related or exempt $1,062,860

  • 2d · Program service revenue: Passthrough Income

    total $4,138,250 · related or exempt $4,138,250

  • 2e · Program service revenue: Lease Revenue

    total $276,305 · related or exempt $276,305

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $1,703,460 · excluded $1,703,460

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: Other Revenue

    total $79,166 · excluded $79,166

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $79,166

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $30,929,691 · program services $26,290,237 · management and general $4,639,454

  • 8 · Pension plan contributions

    total $702,542 · program services $583,110 · management and general $119,432

  • 9 · Other employee benefits

    total $3,154,694 · program services $2,618,396 · management and general $536,298

  • 10 · Payroll taxes

    total $2,305,293 · program services $1,913,393 · management and general $391,900

  • 11b · Fees: legal

    total $13,992 · management and general $13,992

  • 11c · Fees: accounting

    total $17,586 · management and general $17,586

  • 11f · Fees: investment management

    total $4,614,940 · management and general $4,614,940

  • 11g · Fees: other

    total $2,757,020 · program services $1,295,799 · management and general $1,461,221 · fundraising $0

  • 12 · Advertising and promotion

    total $749,389 · program services $704,426 · management and general $44,963

  • 13 · Office expenses

    total $1,828,849 · program services $1,316,771 · management and general $512,078

  • 14 · Information technology

    total $87,845 · program services $84,402 · management and general $3,443

  • 16 · Occupancy

    total $4,473,586 · program services $4,339,378 · management and general $134,208

  • 17 · Travel

    total $489,911 · program services $455,524 · management and general $34,387

  • 19 · Conferences, conventions and meetings

    total $70,906 · program services $55,307 · management and general $15,599

  • 20 · Interest

    total $316,097 · program services $281,326 · management and general $34,771

  • 22 · Depreciation, depletion and amortization

    total $2,711,358 · program services $2,006,405 · management and general $704,953

  • 23 · Insurance

    total $369,422 · program services $369,422

  • 24a · Other expenses: Affiliate Management Fees

    total $4,871,873 · management and general $4,871,873

  • 24b · Other expenses: Medical Supplies

    total $135,974 · program services $135,974

  • 24c · Other expenses: Dues & Licenses

    total $91,559 · program services $68,364 · management and general $23,195

  • 24d · Other expenses: Other Expenses

    total -$50,718 · program services -$50,718

  • 24e · All other expenses

    total -$11,391,351 · program services -$4,845,589 · management and general -$6,545,762 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,194,040 · end of year $4,026,543

  • 4 · Accounts receivable

    beginning of year $5,243,895 · end of year $4,642,452

  • 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 $459,516 · end of year $498,655

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

    $25,502,822

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

    $14,796,356

  • 10c · Land, buildings and equipment, net

    beginning of year $9,631,541 · end of year $10,706,466

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $4,872,528 · end of year $4,902,676

  • 14 · Intangible assets

    beginning of year $910,302 · end of year $728,242

  • 15 · Other assets

    beginning of year $8,094,084 · end of year $7,841,118

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,164,778 · end of year $2,726,429

  • 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 $22,593,727 · end of year $24,275,948

  • 25 · Other liabilities

    beginning of year $8,377,869 · end of year $8,119,825

  • 27 · Net assets without donor restrictions

    beginning of year $269,532 · end of year -$1,776,050

Mission and programs · 2024

Mission

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

Activities or mission (Part I)

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

  • BROOKS REHABILITATION INCLUDES A NETWORK OF OUTPATIENT CLINICS LOCATED THROUGHOUT JACKSONVILLE, NORTH TAMPA AND ORLANDO FLORIDA. BROOKS' CLINICIANS ARE HIGHLY TRAINED TO PROVIDE EXCEPTIONAL PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPIES. THE COMBINATION OF EVIDENCED-BASED PRACTICE AND INNOVATIVE TECHNOLOGY ALLOWS BROOKS TO TREAT THE MOST COMPLEX AND UNIQUE CASES. THE CLINICS INCLUDE A VARIETY OF HIGHLY SPECIALIZED CLINICS, SUCH AS A MOTION ANALYSIS CENTER, CENTER FOR SPORTS THERAPY, PEDIATRIC CENTERS, NEURO RECOVERY CENTER, CENTER FOR LOW VISION, AND BALANCE CENTER. EXPERTS TREAT SPORTS INJURIES, BACK PAIN, STROKE, SPINAL CORD INJURIES, PARKINSON'S, MS, ALS, AUTISM, CEREBRAL PALSY, DEVELOPMENTAL DISABILITY, MOBILITY DISORDERS, ARTHRITIS, DOWNS' SYNDROME, AS WELL AS OTHER CONPROGRAM SERVICE ACCOMPLISHMENTS. SPECIALTIES INCLUDE NEUROLOGICAL, GERIATRICS, ORTHOPEDICS, PEDIATRICS, SPORTS THERAPY, WOMEN'S HEALTH, VESTIBULAR PROBLEMS, LOW VISION AND MOBILE THERAPY. THE BROOKS MOTION ANALYSIS CENTER (MAC) IS A SPECIALIZED CLINICAL AND RESEARCH ASSESSMENT FACILITY FOCUSED ON GAIT AND MOVEMENT IMPAIRMENTS IN PEOPLE OF ALL AGES. THROUGH THE USE OF INNOVATIVE TECHNOLOGY, CLINICAL EXAMINATION, AND BIOMECHANICAL ANALYSIS, THE PURPOSE IS TO ADVANCE REHABILITATION SCIENCE AND CLINICAL PRACTICE LEADING TO IMPROVED RECOVERY AND PERFORMANCE IN INDIVIDUALS WITH NEUROLOGIC AND ORTHOPEDIC IMPAIRMENTS. THIS PROGRAM IS ONE OF MANY OFFERED AS COMMUNITY SERVICE BY BROOKS REHABILITATION. BROOKS CENTER FOR SPORTS THERAPY (CST) PROVIDES SPECIALIZED ATHLETIC REHABILITATION FOR ATHLETES RANGING FROM CASUAL TO HIGHLY COMPETITIVE. BROOKS IS THE OFFICIAL REHABILITATION PROVIDER FOR THE UNIVERSITY OF NORTH FLORIDA'S ATHLETIC PROGRAM. ATHLETES CAN BE TREATED AT THE CENTER FOR SPORTS THERAPY, OR AT ANOTHER OF THE CONVENIENT LOCATIONS. BROOKS ALSO OFFERS EDUCATIONAL PROGRAMS TO TEACH ATHLETES HOW TO REDUCE THEIR CHANCES OF INJURY. TRANSPORTATION IS PROVIDED TO PATIENTS WITH DISABILITIES TO AND FROM OUTPATIENT CENTERS FOR THOSE WHO QUALIFY FOR CHARITY CARE. THIS SERVICE IS FUNDED BY BROOKS COMMUNITY HEALTH, AND IS AVAILABLE FIVE DAYS A WEEK. IN 2024, THERE WERE 537,553 PATIENT VISITS AT THE CLINIC LOCATIONS, PROVIDING APPROXIMATELY 1,795,315 UNITS OF SERVICE.

    Expenses $37,621,927 · Revenue $44,822,422

As filed on the 2024 return.

Listed in Part VII

  • Douglas M Baer

    Chairman / CEO

    Total calculated
    $902,095
    From this org
    $0
    From related orgs
    $830,737
    Other
    $71,358
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $607,792 related
    Bonus
    $0 + $219,084 related
    Other
    $0 + $3,861 related
    Deferred
    $0 + $53,500 related
    Nontaxable benefits
    $0 + $17,858 related
    Filer's total
    $0 + $902,095 related

  • J Britton Tabor

    SEC. / TREAS. / CFO

    Total calculated
    $619,949
    From this org
    $0
    From related orgs
    $593,761
    Other
    $26,188
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $431,586 related
    Bonus
    $0 + $158,314 related
    Other
    $0 + $3,861 related
    Deferred
    $0 + $18,021 related
    Nontaxable benefits
    $0 + $8,167 related
    Filer's total
    $0 + $619,949 related

  • Kris A Roberts

    COO

    Total calculated
    $409,845
    From this org
    $0
    From related orgs
    $375,438
    Other
    $34,407
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $270,137 related
    Bonus
    $0 + $104,251 related
    Other
    $0 + $1,050 related
    Deferred
    $0 + $16,646 related
    Nontaxable benefits
    $0 + $17,761 related
    Filer's total
    $0 + $409,845 related

  • Victor DeRienzo

    COO

    Total calculated
    $421,126
    From this org
    $0
    From related orgs
    $370,039
    Other
    $51,087
    Hours/week
    1 + 22 related

    Schedule J breakdown matched by us

    Base
    $0 + $269,546 related
    Bonus
    $0 + $99,443 related
    Other
    $0 + $1,050 related
    Deferred
    $0 + $24,969 related
    Nontaxable benefits
    $0 + $26,118 related
    Filer's total
    $0 + $421,126 related

  • Howard C Serkin

    Board Member

    Total calculated
    $33,600
    From this org
    $0
    From related orgs
    $33,600
    Other
    $0
    Hours/week
    1 + 7 related

  • Ann L Leinenwever

    VP Outpatient

    Total calculated
    $178,004
    From this org
    $157,887
    From related orgs
    $0
    Other
    $20,117
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,513
    Bonus
    $0
    Other
    $374
    Deferred
    $11,906
    Nontaxable benefits
    $8,211
    Filer's total
    $178,004

  • Jaqueline E Oetjen

    Executive Director OP

    Total calculated
    $168,064
    From this org
    $142,640
    From related orgs
    $0
    Other
    $25,424
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,414
    Bonus
    $0
    Other
    $226
    Deferred
    $17,213
    Nontaxable benefits
    $8,211
    Filer's total
    $168,064

  • Jodi Morgan

    Director Aphasia Program

    Total calculated
    $129,092
    From this org
    $99,012
    From related orgs
    $0
    Other
    $30,080
    Hours/week
    40

  • Michael B Hagist

    Regional Director OP

    Total calculated
    $137,281
    From this org
    $119,401
    From related orgs
    $0
    Other
    $17,880
    Hours/week
    40

  • Thomas Langer

    Center Manager

    Total calculated
    $133,643
    From this org
    $114,578
    From related orgs
    $0
    Other
    $19,065
    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

  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

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

The filer's explanations (Part III)

Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization
GENESIS HEALTH, INC., THE SOLE MEMBER OF 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.
Schedule J, Part I, Line 6b Compensation contingent on net earnings of a related organization
THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS DIRECTLY. CERTAIN BOARD MEMBERS AND MANAGEMENT OFFICIALS ARE COMPENSATED BY GENESIS HEALTH, INC., THE SOLE MEMBER. THE BOARD OF GENESIS HEALTH, INC. SYSTEM USES THE FOLLOWING METHODS TO DETERMINE EXECUTIVE COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION STUDY OR SURVEY - APPROVAL BY COMPENSATION COMMITTEE

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.

  • BROOKS HALIFAX REHABILITATION SERVICES LLC

    Healthcare · FL · income $0 · assets $0

    Directly controlled by Genesis Health Development Inc

Related partnerships

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

  • HB Deltona Rehabilitative Services

    Related · Healthcare Rehabilitation · FL · 50% owned · share of income $0 · share of assets $0

    Directly controlled by EAST VOLUSIA HEALTH SERVICES INC

Related corporations and trusts

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

  • GH HOLDINGS INC

    C Corporation · HOLDING COMPANY · FL

    Directly controlled by NA

  • GH MANAGEMENT INC

    C Corporation · HOLDING COMPANY · FL

    Directly controlled by NA

  • GENESIS MANAGEMENT SERVICES INC

    C Corporation · MANAGEMENT SERVICES · FL

    Directly controlled by NA

  • GH MEDICAL SERVICES INC

    C Corporation · MEDICAL SERVICES · FL

    Directly controlled by NA

  • GH PARTNERSHIP HOLDINGS PPA INC

    C Corporation · INVESTMENT HOLDINGS · FL

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202503189349314090

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