Form 990 for tax year 2023

Totals

Total revenue

$2,772,101

Total expenses

$3,390,713

Contributions and grants received

$8,208

Grants paid

$0

Program service revenue

$2,708,335

Investment income

$0

Other revenue

$55,558

Total assets, end of year

$8,829,527

Total liabilities, end of year

$6,262,914

Net assets or fund balances, end of year

$2,566,613

Program services expenses (Part IX)

$3,077,883

Management and general expenses

$312,830

Fundraising expenses

$0

Program service expenses (Part III)

$3,077,883

Program services were 90.8% 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 · 2023

• VALLEY RESIDENTIAL SERVICES, INC. (THE FACILITY) IS A 76-BED NOT-FOR-PROFIT ENRICHED HOUSING FACILITY LOCATED IN HERKIMER, NEW YORK. THE FACILITY OFFER RESIDENTS THE INDEPENDENCE OF APARTMENT LIVING, WITH THE CONVENIENCE OF ASSISTED LIVING. RESIDENTS HAVE ACCESS TO SKILLED STAFF MEMBERS AND NURSES THAT PROVIDE MEDICATION MANAGEMENT, ASSISTANCE IN THE HEALTH CENTER, AND READILY AVAILABLE CARE AND TRANSPORTATION IN THE INSTANCE OF AN EMERGENCY. RESIDENTS OF LIMITED MEANS WHO QUALIFY FOR MEDICAID HAVE ACCESS TO THE FACILITY'S ASSISTED LIVING SERVICES THROUGH ITS NYS ASSISTED LIVING PROGRAM (ALP). THE FACILITY WAS INCORPORATED IN SEPTEMBER 2013 AND OPENED TO THE PUBLIC IN THE SPRING OF 2015 WITH 48 BEDS. THE FACILITY COMPLETED CONSTRUCTION ON A 12,107-SQUARE FOOT EXPANSION WHICH INCLUDED 12 ONE BEDROOM APARTMENTS, 2 ONE BEDROOM APARTMENTS WITH A DEN AND 1.5 BATHS, ALONG WITH A NEW WELLNESS AND FITNESS CENTER IN DECEMBER 2018.

  Expenses $3,077,883 · Revenue $2,761,753

As filed on the 2023 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 SERVICES INC

  501(C)(3) · PROVIDES INPATIENT/OUTPATIENT SERVICES · NY · controlled entity

  Directly controlled by BASSETT HEALTHCARE NETWORK

• VALLEY HEALTH DEVELOPMENT CORPORATION

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

• BASSETT HEALTHCARE NETWORK

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

• COMMUNITY CARE ALLIANCE

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

• THE MARY IMOGENE BASSETT HOSPITAL

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

  Directly controlled by BASSETT HEALTHCARE NETWORK

• 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) · HEALTHCARE ORANIZATION OFFERING INPATIENT AND OUTPATIENT SERVICES · NY · controlled entity

  Directly controlled by BASSETT HEALTHCARE NETWORK

• TEMPLETON FOUNDATION

  501(C)(3) · PROMOTE HEALTHCARE BY PROVIDING RESIDENTIAL FACILITIES AND OFFICE SPACE · NY · controlled entity

  Directly controlled by BASSETT HEALTHCARE NETWORK

• O'CONNOR HOSPITAL

  501(C)(3) · CRITICAL ACCESS HOSPITAL PROVIDING SVCS TO DELAWARE & SUROUNDING 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

• BASSET HOSPITAL OF SCHOHARIE CO

  501(C)(3) · PROVIDE HEALTHCARE SERVICES TO SCHOHARIE COUNTY & 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

2023

Filed

7 November 2024

IRS schema version

2023v5.1

Source object

202413169349300231

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