Skip to content
Nonprofiteer
← ELDERPLAN INC

Form 990 for tax year 2024

Filed by ELDERPLAN INC.

Totals

Total revenue
$2,045,758,096
Total expenses
$1,983,292,460
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,026,469,045
Investment income
$19,289,051
Other revenue
$0
Total assets, end of year
$754,376,002
Total liabilities, end of year
$397,941,715
Net assets or fund balances, end of year
$356,434,287
Program services expenses (Part IX)
$1,707,716,219
Management and general expenses
$275,576,241
Fundraising expenses
$0
Program service expenses (Part III)
$1,707,716,219

Program services were 86.1% 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: CAPITATION PAYMENTS

    total $2,025,732,969 · related or exempt $2,025,732,969

  • 2b · Program service revenue: MEMBER SURPLUS INCOME

    total $736,076 · related or exempt $736,076

  • 3 · Investment income

    total $18,518,579 · unrelated business $0 · excluded $18,518,579

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $61,080,271

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

    securities $60,309,799

  • 7c · Gain or loss

    securities $770,472

  • 7d · Net gain or loss

    total $770,472 · excluded $770,472

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $962,409 · management and general $962,409

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $122,482,286 · management and general $122,482,286

  • 8 · Pension plan contributions

    total $4,213,077 · management and general $4,213,077

  • 9 · Other employee benefits

    total $21,313,351 · management and general $21,313,351

  • 10 · Payroll taxes

    total $7,382,171 · management and general $7,382,171

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $468,883 · management and general $468,883

  • 11c · Fees: accounting

    total $555,909 · management and general $555,909

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,648,001,257 · program services $1,564,097,033 · management and general $83,904,224 · fundraising $0

  • 12 · Advertising and promotion

    total $4,547,456 · management and general $4,547,456

  • 13 · Office expenses

    total $2,305,251 · management and general $2,305,251

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $7,445,975 · management and general $7,445,975

  • 17 · Travel

    total $306,338 · management and general $306,338

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $119,223 · management and general $119,223

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $4,301,603 · management and general $4,301,603

  • 23 · Insurance

    total $22,949 · program services $22,949

  • 24a · Other expenses: MJHS ALLOCATED EXPENSES

    total $11,364,354 · management and general $11,364,354

  • 24b · Other expenses: MEDICAL EXPENSES

    total $143,596,237 · program services $143,596,237 · management and general $0

  • 24c · Other expenses: MEALS

    total $682,789 · management and general $682,789

  • 24d · Other expenses: OTHER EXPENSES

    total $3,220,942 · management and general $3,220,942

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $231,160,691 · end of year $226,564,656

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $87,297,321 · end of year $79,292,409

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $10,000,000 · end of year $10,000,000

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,087,159 · end of year $1,319,041

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

    $75,059,549

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

    $42,191,287

  • 10c · Land, buildings and equipment, net

    beginning of year $34,840,024 · end of year $32,868,262

  • 11 · Investments: publicly traded securities

    beginning of year $188,188,644 · end of year $268,176,728

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $5,450,303

  • 15 · Other assets

    beginning of year $125,435,415 · end of year $130,704,603

  • 17 · Accounts payable and accrued expenses

    beginning of year $107,338,726 · end of year $153,213,166

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 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 $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $282,474,657 · end of year $244,728,549

  • 27 · Net assets without donor restrictions

    beginning of year $288,195,871 · end of year $356,434,287

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

ELDERPLAN (WHICH INCLUDES HOMEFIRST - ONE OF THE OLDEST, AND TODAY ONE OF THE LARGEST AND MOST HIGHLY-RATED MANAGED LONG-TERM CARE PLANS IN NY STATE), IS A HEALTH PLAN WITH MEDICARE AND MEDICAID CONTRACTS. ELDERPLAN STARTED AS ONE OF THE ORIGINAL SOCIAL HEALTH MAINTENANCE ORGANIZATIONS IN THE COUNTRY. MORE THAN 35 YEARS LATER, ELDERPLAN, A MEMBER OF MJHS HEALTH SYSTEM, CARRIES ON THE CORE VALUES OF COMPASSION, DIGNITY AND RESPECT FIRST ESTABLISHED BY THE FOUR BROOKLYN LADIES IN 1907. ELDERPLAN IS A NOT-FOR-PROFIT HEALTH PLAN COMMITTED TO SUPPORTING, GUIDING AND CARING FOR ADULTS 65 AND OVER AND INDIVIDUALS 18+ WITH SPECIAL NEEDS IN NEW YORK STATE, EMPOWERING THEM TO ACHIEVE THEIR GREATEST LEVEL OF INDEPENDENCE AND QUALITY OF LIFE THROUGH PIONEERING HEALTH CARE AND SOCIAL SUPPORT PROGRAMS.

Activities or mission (Part I)

A MEDICARE MANAGED CARE AND MEDICAID MANAGED LONG TERM CARE PROGRAM.

  • A NOT-FOR-PROFIT HEALTH PLAN THAT'S DEDICATED TO CARING FOR NEW YORKERS, ELDERPLAN (INCLUDING HOMEFIRST - ONE OF THE OLDEST, AND TODAY ONE OF THE LARGEST AND MOST HIGHLY-RATED, MANAGED LONG-TERM CARE PLANS IN NY STATE) IS COMMITTED TO SERVING THE NEEDS OF AT-RISK, LARGELY DUAL-ELEGIBLE, MEMBERS OF THE COMMUNITY OF ALL RELIGIOUS AND CULTURAL BACKGROUNDS AS WELL AS GENDER IDENTITY, SEXUAL ORIENTATION AND MILITARY STATUS. A MEMBER OF THE MJHS HEALTH SYSTEM FAMILY, ELDERPLAN CARRIES ON A TRADITION OF COMPASSION, DIGINITY AND RESPECT, FIRST ESTABLISHED BY THE FOUR BROOKLYN LADIES IN 1907. ELDERPLAN OFFERS SPECIAL NEEDS PLANS TO HELP BENEFICIARIES RECEIVE THE SUPPORT, GUIDANCE, CARE COORDINATION AND HEALTH-RELATED SERVICES NECESSARY FOR THEM TO REMAIN SAFELY AT HOME. ELDERPLAN ALSO OFFERS HEALTH PLANS FOR BENEFICIARIES WHO LIVE IN CONTRACTED NURSING HOMES AND ASSISTED LIVING COMMUNITIES. AS A NOT-FOR-PROFIT, ELDERPLAN REINVESTS EARNINGS TO BRING ITS MEMBERS IMPROVED BENEFITS. ELDERPLAN BELIEVES THAT HEALTH CARE IS MORE THAN JUST CARING FOR PEOPLE, IT'S CARING ABOUT THEM TOO. AS OF 12/31/2024, ELDERPLAN (INCLUSIVE OF HOMEFIRST) CARED FOR 44,793 MEMBERS ACROSS NYC, WESTCHESTER, NASSAU, SUFFOLK, PUTNAM, ROCKLAND, DUCHESS, ONTARIO, ORLEANS, SENECA, SULLIVAN, ULSTER, YATES, LIVINGSTON ORANGE, AND MONROE COUNTIES.

    Expenses $1,707,716,219 · Revenue $2,026,469,045

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Wagner

    CEO, PRESIDENT

    Total calculated
    $1,655,965
    From this org
    $0
    From related orgs
    $1,508,391
    Other
    $147,574
    Hours/week
    21.75 + 12.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,165,170 related
    Bonus
    $0 + $273,000 related
    Other
    $0 + $70,221 related
    Deferred
    $0 + $59,513 related
    Nontaxable benefits
    $0 + $88,061 related
    Filer's total
    $0 + $1,655,965 related

  • David Koschitzki

    CHIEF FINANCIAL OFFICER

    Total calculated
    $863,294
    From this org
    $0
    From related orgs
    $727,248
    Other
    $136,046
    Hours/week
    23.62 + 10.88 related

    Schedule J breakdown matched by us

    Base
    $0 + $591,551 related
    Bonus
    $0 + $86,625 related
    Other
    $0 + $49,072 related
    Deferred
    $0 + $48,300 related
    Nontaxable benefits
    $0 + $87,746 related
    Filer's total
    $0 + $863,294 related

  • Christina Van Vort

    CHIEF LEGAL OFFICER

    Total calculated
    $828,857
    From this org
    $0
    From related orgs
    $738,027
    Other
    $90,830
    Hours/week
    24.05 + 10.95 related

    Schedule J breakdown matched by us

    Base
    $0 + $590,389 related
    Bonus
    $0 + $84,975 related
    Other
    $0 + $62,663 related
    Deferred
    $0 + $48,300 related
    Nontaxable benefits
    $0 + $42,530 related
    Filer's total
    $0 + $828,857 related

  • Francisco Polanco

    SVP of Business DEV & GROWTH

    Total calculated
    $654,148
    From this org
    $547,761
    From related orgs
    $0
    Other
    $106,387
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $345,701
    Bonus
    $187,700
    Other
    $14,360
    Deferred
    $25,013
    Nontaxable benefits
    $81,374
    Filer's total
    $654,148

  • Diana Gelfand

    CHIEF CLINICAL OFFICER

    Total calculated
    $586,033
    From this org
    $508,173
    From related orgs
    $0
    Other
    $77,860
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $441,048
    Bonus
    $52,152
    Other
    $14,973
    Deferred
    $34,500
    Nontaxable benefits
    $43,360
    Filer's total
    $586,033

  • Gilbert Burgos MD

    ED OF MEDICAL AFFAIRS

    Total calculated
    $560,436
    From this org
    $481,035
    From related orgs
    $0
    Other
    $79,401
    Hours/week
    29 + 6 related

    Schedule J breakdown matched by us

    Base
    $362,319
    Bonus
    $98,267
    Other
    $20,449
    Deferred
    $25,013
    Nontaxable benefits
    $54,388
    Filer's total
    $560,436

  • John Coleman

    VP OF FINANCE

    Total calculated
    $472,467
    From this org
    $385,194
    From related orgs
    $0
    Other
    $87,273
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $336,842
    Bonus
    $23,800
    Other
    $24,552
    Deferred
    $25,013
    Nontaxable benefits
    $62,260
    Filer's total
    $472,467

  • Jaclyn O'Brien

    VP OF HEALTH ECONOMICS

    Total calculated
    $419,624
    From this org
    $366,427
    From related orgs
    $0
    Other
    $53,197
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $315,137
    Bonus
    $21,941
    Other
    $29,349
    Deferred
    $23,926
    Nontaxable benefits
    $29,271
    Filer's total
    $419,624

  • Craig Azoff

    SVP, ELDERPLAN INFO SVCS.

    Total calculated
    $393,427
    From this org
    $362,542
    From related orgs
    $0
    Other
    $30,885
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $315,450
    Bonus
    $21,630
    Other
    $25,462
    Deferred
    $23,587
    Nontaxable benefits
    $7,298
    Filer's total
    $393,427

  • Laurissa Burns

    CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $376,376
    From this org
    $323,542
    From related orgs
    $0
    Other
    $52,834
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $262,209
    Bonus
    $43,460
    Other
    $17,873
    Deferred
    $26,659
    Nontaxable benefits
    $26,175
    Filer's total
    $376,376

  • Barbara Latesta

    DIRECTOR

    Total calculated
    $14,430
    From this org
    $14,430
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Burton Esrig

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • Peter Bailey

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Amir Kishon

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Patrick Barlow

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Eli Feldman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 4.5 related

  • Bradley Fluegel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • Cari Almo Gallman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Arthur Goshin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 4.5 related

  • Stephen Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Danielle Rollmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 6 related

  • Tina Sadarangani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jay Talbot

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • James Willis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ira Rosen

    DIRECTOR (TERM 8/24)

    Total calculated
    $0
    Hours/week
    0.5

  • Benny Soffer

    DIRECTOR (7/24 - 9/24)

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Daniel Wolfson

    DIRECTOR (7/24-11/24)

    Total calculated
    $0
    Hours/week
    0.5

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

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3:
THE SALARIES FOR THE EXECUTIVES ARE DETERMINED BY METROPOLITAN JEWISH HEALTH SYSTEM, INC., A RELATED ORGANIZATION. THE METHODS UTILIZED INCLUDE A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANTS, REVIEW OF THE FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEYS OR STUDIES AND APPROVAL BY THE COMPENSATION COMMITTE OF THE BOARD.
PART I, LINE 4B:
The organization maintains an unfunded Supplemental Retirement Plan for certain officers and key employees.
PART I, LINE 7:
BONUS ELIGIBILITY IS BASED ON THE EXTENT THAT EACH EXECUTIVE AND EMPLOYEE HAS ACHIEVED HIS/HER GOAL AND IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD.

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 corporations and trusts

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

  • MJGC CORP

    C CORPORATION · HOLDING COMPANY · NY · share of income $0 · share of assets $0

    Directly controlled by MJHS

  • MJHS SOLUTIONS INC

    C CORPORATION · HOLDING COMPANY · NY · share of income $0 · share of assets $0

    Directly controlled by MJHS FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.2
Source object
202533169349305118

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.