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← MARGARETVILLE NURSING HOME INC

Form 990 for tax year 2023

Filed by MARGARETVILLE NURSING HOME INC.

Totals

Total revenue
$3,659,479
Total expenses
$9,490,796
Contributions and grants received
$71,080
Grants paid
$0
Program service revenue
$3,568,775
Investment income
$6,418
Other revenue
$13,206
Total assets, end of year
$3,734,207
Total liabilities, end of year
$6,002,060
Net assets or fund balances, end of year
-$2,267,853
Program services expenses (Part IX)
$7,099,624
Management and general expenses
$2,391,172
Fundraising expenses
$0
Program service expenses (Part III)
$7,099,624

Program services were 74.8% 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.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $4,875

  • 1e · Government grants (contributions)

    $66,205

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $3,568,775 · related or exempt $3,568,775

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $6,418 · excluded $6,418

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: CAFETERIA & VENDING

    total $4,669 · related or exempt $0 · unrelated business $0 · excluded $4,669

  • 11b · Other revenue: TELEVISION RENTAL INCOME

    total $3,800 · related or exempt $0 · unrelated business $0 · excluded $3,800

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $4,737 · related or exempt $0 · unrelated business $0 · excluded $4,737

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $13,206

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $4,339,385 · program services $3,588,335 · management and general $751,050

  • 8 · Pension plan contributions

    total $25,760 · program services $19,320 · management and general $6,440

  • 9 · Other employee benefits

    total $518,032 · program services $388,524 · management and general $129,508

  • 10 · Payroll taxes

    total $273,537 · program services $205,153 · management and general $68,384

  • 11c · Fees: accounting

    total $60,154 · program services $0 · management and general $60,154

  • 11g · Fees: other

    total $2,458,348 · program services $2,216,290 · management and general $242,058 · fundraising $0

  • 13 · Office expenses

    total $116,257 · program services $18,903 · management and general $97,354

  • 16 · Occupancy

    total $104,389 · program services $0 · management and general $104,389

  • 17 · Travel

    total $1,435 · program services $0 · management and general $1,435

  • 19 · Conferences, conventions and meetings

    total $16,088 · program services $16,088

  • 20 · Interest

    total $90,233 · program services $0 · management and general $90,233

  • 22 · Depreciation, depletion and amortization

    total $136,651 · program services $136,651

  • 23 · Insurance

    total $167,202 · program services $0 · management and general $167,202

  • 24a · Other expenses: EQUIPMENT CONTRACTS

    total $586,960 · program services $65,616 · management and general $521,344

  • 24b · Other expenses: CONTRACTED SERVICES

    total $318,563 · program services $166,942 · management and general $151,621 · fundraising $0

  • 24c · Other expenses: NYS DOH ASSESSMENT

    total $220,776 · program services $220,776 · management and general $0 · fundraising $0

  • 24d · Other expenses: MEDICAL SUPPLIES

    total $103,521 · program services $103,521 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total -$46,495 · program services -$46,495 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,590 · end of year $8,387

  • 2 · Savings and temporary cash investments

    beginning of year $142,635 · end of year $143,711

  • 4 · Accounts receivable

    beginning of year $195,516 · end of year $127,171

  • 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

  • 8 · Inventories for sale or use

    beginning of year $13,315 · end of year $13,687

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,345 · end of year $31,646

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

    $9,745,924

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

    $8,754,772

  • 10c · Land, buildings and equipment, net

    beginning of year $1,120,984 · end of year $991,152

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $2,429,538 · end of year $2,418,453

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,075,884 · end of year $2,246,726

  • 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 $2,575,969 · end of year $2,424,256

  • 25 · Other liabilities

    beginning of year $625,725 · end of year $1,331,078

  • 27 · Net assets without donor restrictions

    beginning of year -$1,353,655 · end of year -$2,267,853

Mission and programs · 2023

Mission

MARGARETVILLE NURSING HOME, INC. D/B/A MOUNTAINSIDE RESIDENTIAL CARE CENTER IS A CORPORATION ORGANIZED UNDER THE NOT-FOR-PROFIT CORPORATION LAW OF NEW YORK STATE WHICH OPERATES AN 82 BED TAX EXEMPT LONG-TERM CARE FACILITY ORGANIZED TO SERVE THE AGED, DISABLED AND CHRONICALLY IMPAIRED PERSONS.

Activities or mission (Part I)

TO OPERATE A LONG-TERM CARE FACILITY ORGANIZED TO SERVE THE AGED, DISABLED AND CHRONICALLY IMPAIRED PERSONS OF THE COMMUNITY WE SERVE.

  • MARGARETVILLE NURSING HOME, INC. D/B/A MOUNTAINSIDE RESIDENTIAL CARE CENTER IS AN 82-BED LONG-TERM CARE FACILITY SPONSORED BY MARGARETVILLE HOSPITAL, INC., A NOT-FOR-PROFIT CORPORATION THAT OPERATES AN ADJOINING CRITICAL ACCESS HOSPITAL. TOTAL RESIDENT DAYS IN 2023 WERE 15,664 WITH AN AVERAGE OCCUPANCY PERCENTAGE OF 52.34%.

    Expenses $7,099,624 · Revenue $3,568,775

As filed on the 2023 return.

Listed in Part VII

  • EDWARD MCNAMARA

    EXECUTIVE DIRECTOR (resigned 12/23)

    Total calculated
    $291,072
    From this org
    $0
    From related orgs
    $230,380
    Other
    $60,692
    Hours/week
    9.7 + 30.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,380 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $31,666 related
    Nontaxable benefits
    $0 + $29,026 related
    Filer's total
    $0 + $291,072 related

  • JOSHUA RATNER

    CEO (EFFECTIVE 6/23)

    Total calculated
    $1,259,034
    From this org
    $0
    From related orgs
    $1,178,257
    Other
    $80,777
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $858,807 related
    Bonus
    $0 + $299,950 related
    Other
    $0 + $19,500 related
    Deferred
    $0 + $46,200 related
    Nontaxable benefits
    $0 + $34,577 related
    Filer's total
    $0 + $1,259,034 related

  • ARNOLD SCHWARTZ

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CATHERINE ALLEN MD

    TRUSTEE

    Total calculated
    $520,295
    From this org
    $0
    From related orgs
    $456,551
    Other
    $63,744
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $456,551 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,520 related
    Nontaxable benefits
    $0 + $30,224 related
    Filer's total
    $0 + $520,295 related

  • COLLEEN MCDANIEL

    TRUSTEE (EFFECTIVE 3/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CONNIE JEFFERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CRAIG SICKLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • DAVE RAMA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DIANA MASON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DIANE MUNRO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • EMILIE ADAMS

    TRUSTEE/VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • FRED MARGUILES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JAMES HOWIE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOHN RIEDL

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHAEL CIOFFI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHAEL DOYLE MD

    EXEC DIR/CMO

    Total calculated
    $637,226
    From this org
    $0
    From related orgs
    $628,412
    Other
    $8,814
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $516,208 related
    Bonus
    $0 + $111,648 related
    Other
    $0 + $556 related
    Deferred
    $0 + $8,250 related
    Nontaxable benefits
    $0 + $564 related
    Filer's total
    $0 + $637,226 related

  • STEVE FINCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOHN EDWARDS

    FACILITY ADMINISTRATOR

    Total calculated
    $183,420
    From this org
    $0
    From related orgs
    $156,368
    Other
    $27,052
    Hours/week
    29.7 + 10.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,092 related
    Bonus
    $0
    Other
    $0 + $276 related
    Deferred
    $0 + $2,366 related
    Nontaxable benefits
    $0 + $24,686 related
    Filer's total
    $0 + $183,420 related

  • ELISSA WALISZEWSKI

    COO-NORTHERN REGION

    Total calculated
    $477,930
    From this org
    $0
    From related orgs
    $446,886
    Other
    $31,044
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $424,386 related
    Bonus
    $0
    Other
    $0 + $22,500 related
    Deferred
    $0 + $1,200 related
    Nontaxable benefits
    $0 + $29,844 related
    Filer's total
    $0 + $477,930 related

  • FRANCES DAVIS

    REGIONAL VICE PRESIDENT, NURSE EXECUTIVE

    Total calculated
    $429,758
    From this org
    $0
    From related orgs
    $362,202
    Other
    $67,556
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $362,202 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $36,792 related
    Nontaxable benefits
    $0 + $30,764 related
    Filer's total
    $0 + $429,758 related

  • AMY HALLOCK

    DEPARTMENT HEAD

    Total calculated
    $145,397
    From this org
    $118,630
    From related orgs
    $0
    Other
    $26,767
    Hours/week
    40

  • HEATHER GREENE

    DIRECTOR CASE MANAGEMENT

    Total calculated
    $145,279
    From this org
    $119,215
    From related orgs
    $0
    Other
    $26,064
    Hours/week
    40

  • JANE DEMEO

    REGISTERED NURSE

    Total calculated
    $126,506
    From this org
    $126,047
    From related orgs
    $0
    Other
    $459
    Hours/week
    40

  • MICHAEL MCDERMOTT

    REGISTERED NURSE

    Total calculated
    $167,904
    From this org
    $151,042
    From related orgs
    $0
    Other
    $16,862
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,358
    Bonus
    $2,000
    Other
    $684
    Deferred
    $3,801
    Nontaxable benefits
    $13,061
    Filer's total
    $167,904

  • MICHELLE BEERS

    CERTIFIED NURSING ASSISTANT

    Total calculated
    $138,929
    From this org
    $111,961
    From related orgs
    $0
    Other
    $26,968
    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

None.

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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION
THE ORGANIZATION'S EXECUTIVE DIRECTOR/CMO RECEIVED COMPENSATION FROM A RELATED ORGANIZATION. IN ORDER TO ESTABLISH COMPENSATION PAYMENTS, THE ORGANIZATION TYPICALLY COMPLETES A COMPENSATION STUDY OR ENGAGES AN INDEPENDENT CONSULTANT. THE RESULTS OF SAID STUDY OR CONSULTANT'S FINDINGS ARE IMPLEMENTED INTO A WRITTEN EMPLOYMENT CONTRACT. ALL ACTIONS ABOVE ARE APPROVED BY THE BOARD OF DIRECTORS/COMPENSATION COMMITTEE PRIOR TO FINALIZATION.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202423129349303707

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