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Nonprofiteer
← CENTERLIGHT HEALTH SYSTEM INC

Form 990 for tax year 2022

Filed by CENTERLIGHT HEALTH SYSTEM INC.

Totals

Total revenue
$2,077,485
Total expenses
$923,083
Contributions and grants received
$511,770
Grants paid
$0
Program service revenue
$0
Investment income
$678,587
Other revenue
$887,128
Total assets, end of year
$26,739,903
Total liabilities, end of year
$16,984,335
Net assets or fund balances, end of year
$9,755,568
Program services expenses (Part IX)
$0
Management and general expenses
$923,083
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1e · Government grants (contributions)

    $404,558

  • 1f · All other contributions, gifts and grants

    $107,212

  • 3 · Investment income

    total $368,194 · excluded $368,194

  • 7a · Gross sales of assets other than inventory

    securities $3,000,003

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

    securities $2,689,610

  • 7c · Gain or loss

    securities $310,393

  • 7d · Net gain or loss

    total $310,393 · excluded $310,393

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $800,410 · excluded $800,410

  • 11b · Other revenue: BAD DEBT RECOVERY

    total $86,718 · excluded $86,718

  • 11e · Other revenue, total

    $887,128

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $254,214 · management and general $254,214

  • 8 · Pension plan contributions

    total $38,576 · management and general $38,576

  • 9 · Other employee benefits

    total $97,182 · management and general $97,182

  • 10 · Payroll taxes

    total $25,321 · management and general $25,321

  • 11f · Fees: investment management

    total $16,609 · management and general $16,609

  • 11g · Fees: other

    total $261,373 · management and general $261,373

  • 12 · Advertising and promotion

    total $11,824 · management and general $11,824

  • 13 · Office expenses

    total $163,674 · management and general $163,674

  • 14 · Information technology

    total $1,406 · management and general $1,406

  • 16 · Occupancy

    total $29,359 · management and general $29,359

  • 17 · Travel

    total $23,545 · management and general $23,545

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,122,173 · end of year $8,129,387

  • 4 · Accounts receivable

    end of year $800,410

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,126,774 · end of year $1,406,162

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

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $16,245,151 · end of year $10,617,769

  • 15 · Other assets

    beginning of year $3,814,573 · end of year $5,786,175

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,665,825 · end of year $13,078,907

  • 19 · Deferred revenue

    beginning of year $50,192 · end of year $155,899

  • 25 · Other liabilities

    beginning of year $3,702,131 · end of year $3,749,529

  • 27 · Net assets without donor restrictions

    beginning of year $3,380,275 · end of year $610,588

  • 28 · Net assets with donor restrictions

    beginning of year $11,510,248 · end of year $9,144,980

Mission and programs · 2022

Mission

CENTERLIGHT HEALTH SYSTEM, INC. STRIVES TO INCREASE COORDINATION AMONG HEALTH CARE PROVIDERS AND TO ENHANCE THE QUALITY AND COST EFFECTIVENESS OF SERVICES. IT PROMOTES THE PURPOSES AND GOALS OF NOT-FOR-PROFIT HEALTH CARE AND SUPPORTS SERVICE PROVIDERS, INCLUDING EMPLOYEE HOUSING.

Activities or mission (Part I)

TO PROMOTE THE PURPOSES AND GOALS OF NOT-FOR-PROFIT HEALTH CARE AND SUPPORT SERVICE PROVIDERS.

  • PROMOTING THE PURPOSES AND GOALS OF NOT-FOR-PROFIT HEALTH CARE AND SUPPORTS SERVICE PROVIDERS, INCLUDING EMPLOYEE HOUSING AND COMMUNITY PROGRAMS.

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

Listed in Part VII

  • Michael R Potack

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • Harvey Ishofsky

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • Myron Schlanger

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • Kenneth Zuckerbrot

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • Mark Weinstein

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • Russell D Fisher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • Neil Heyman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • Stephen Kantor DDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • Howard Krain

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • Johnny Lee

    CFO THRU MAY 2022

    Total calculated
    $0
    Hours/week
    0.25 + 34.75 related

  • Tara Buonocore-Rut

    PRESIDENT/CEO

    Total calculated
    $1,056,676
    From this org
    $0
    From related orgs
    $1,006,891
    Other
    $49,785
    Hours/week
    0.25 + 34.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $705,751 related
    Bonus
    $0 + $300,000 related
    Other
    $0 + $1,140 related
    Deferred
    $0 + $6,016 related
    Nontaxable benefits
    $0 + $43,769 related
    Filer's total
    $0 + $1,056,676 related

  • Leny Tirtasaputra

    CFO

    Total calculated
    $365,776
    From this org
    $0
    From related orgs
    $329,515
    Other
    $36,261
    Hours/week
    0.25 + 34.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $327,063 related
    Bonus
    $0
    Other
    $0 + $2,452 related
    Deferred
    $0 + $2,106 related
    Nontaxable benefits
    $0 + $34,155 related
    Filer's total
    $0 + $365,776 related

  • David Silva Mojica

    CHIEF HR OFFICER

    Total calculated
    $318,866
    From this org
    $0
    From related orgs
    $302,435
    Other
    $16,431
    Hours/week
    0.25 + 34.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $301,439 related
    Bonus
    $0
    Other
    $0 + $996 related
    Deferred
    $0 + $4,563 related
    Nontaxable benefits
    $0 + $11,868 related
    Filer's total
    $0 + $318,866 related

  • Justin Walter

    VP OF PERFORMANCE IMPROVEMENT

    Total calculated
    $248,604
    From this org
    $0
    From related orgs
    $239,723
    Other
    $8,881
    Hours/week
    0.25 + 34.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,029 related
    Bonus
    $0
    Other
    $0 + $694 related
    Deferred
    $0 + $7,183 related
    Nontaxable benefits
    $0 + $1,698 related
    Filer's total
    $0 + $248,604 related

  • Shaun Ruskin

    EXEC. VP, CHIEF STRATEGY OFFICER

    Total calculated
    $720,610
    From this org
    $0
    From related orgs
    $713,813
    Other
    $6,797
    Hours/week
    0.25 + 34.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $537,020 related
    Bonus
    $0 + $175,000 related
    Other
    $0 + $1,793 related
    Deferred
    $0 + $5,495 related
    Nontaxable benefits
    $0 + $1,302 related
    Filer's total
    $0 + $720,610 related

  • Emina Tabakovic

    VP OF OPERATIONS

    Total calculated
    $274,240
    From this org
    $0
    From related orgs
    $233,258
    Other
    $40,982
    Hours/week
    0.25 + 34.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,639 related
    Bonus
    $0
    Other
    $0 + $619 related
    Deferred
    $0 + $2,930 related
    Nontaxable benefits
    $0 + $38,052 related
    Filer's total
    $0 + $274,240 related

  • Jeannie Doherty-Benckwit

    VP OF BUSINESS DEVELOPMENT

    Total calculated
    $261,665
    From this org
    $0
    From related orgs
    $249,822
    Other
    $11,843
    Hours/week
    0.25 + 34.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,949 related
    Bonus
    $0
    Other
    $0 + $1,873 related
    Deferred
    $0 + $5,568 related
    Nontaxable benefits
    $0 + $6,275 related
    Filer's total
    $0 + $261,665 related

  • Alicia Nelson-Jones

    CHIEF COMPLIANCE OFFICER

    Total calculated
    $273,432
    From this org
    $0
    From related orgs
    $235,813
    Other
    $37,619
    Hours/week
    0.25 + 34.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,963 related
    Bonus
    $0
    Other
    $0 + $1,850 related
    Deferred
    $0 + $4,760 related
    Nontaxable benefits
    $0 + $32,859 related
    Filer's total
    $0 + $273,432 related

  • Gilda St Fleur

    VP OF QUALITY

    Total calculated
    $255,486
    From this org
    $0
    From related orgs
    $233,721
    Other
    $21,765
    Hours/week
    0.25 + 34.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,563 related
    Bonus
    $0
    Other
    $0 + $1,158 related
    Deferred
    $0 + $1,520 related
    Nontaxable benefits
    $0 + $20,245 related
    Filer's total
    $0 + $255,486 related

  • Arhima Jacobs

    VP OF PROVIDER RELATIONS

    Total calculated
    $234,548
    From this org
    $0
    From related orgs
    $222,988
    Other
    $11,560
    Hours/week
    0.25 + 34.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $221,890 related
    Bonus
    $0
    Other
    $0 + $1,098 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $11,560 related
    Filer's total
    $0 + $234,548 related

  • Aliona Cochiorva

    VP OF STRATEGIC INITIATIVES

    Total calculated
    $260,880
    From this org
    $0
    From related orgs
    $218,876
    Other
    $42,004
    Hours/week
    0.25 + 34.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $217,751 related
    Bonus
    $0
    Other
    $0 + $1,125 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $42,004 related
    Filer's total
    $0 + $260,880 related

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 survey or study
  • 3 · Approval by the board or compensation committee

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

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 partnerships

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

  • SCHEUER GARDENS LP

    RELATED · AFFORDABLE HOUSING · NY

    Directly controlled by SCHEUER GARDENS GP INC

  • SCHEUER PLAZA LP

    RELATED · AFFORDABLE HOUSING · NY

    Directly controlled by SCHEUER PLAZA GP INC

Related corporations and trusts

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

  • BETH ABRAHAM MANAGEMENT SOLUTIONS

    C · TO MANAGE NURSING FACILITIES UNDER RECEIVERSHIP · NY

    Directly controlled by BETH ABRAHAM HEALTH SERVICES

  • SCHEUER GARDENS GP INC

    C · REAL ESTATE · NY

  • SCHEUER PLAZA GP INC

    C · REAL ESTATE · NY

  • TBM HOUSING DEVELOPMENT FUND COMPANY INC

    C · HOUSING FOR THE ELDERLY · NY · 100% owned · controlled entity

    Directly controlled by CENTERLIGHT HEALTH SYSTEM INC

  • BETH ABRAHAM HOUSING DEVELOPMENT FUND COMPANY INC

    C · HOUSING FOR THE ELDERLY · NY · 100% owned · controlled entity

    Directly controlled by CENTERLIGHT HEALTH SYSTEM INC

Provenance

Return type
form_990
Tax year
2022
Filed
12 November 2023
IRS schema version
2022v5.0
Source object
202343169349300384

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