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Nonprofiteer
← RIVERSPRING LICENSED HOME CARE SERVICES AGENCY INC

Form 990 for tax year 2022

Filed by RIVERSPRING LICENSED HOME CARE SERVICES AGENCY INC.

Totals

Total revenue
$14,933,469
Total expenses
$14,861,787
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$14,932,213
Investment income
$0
Other revenue
$1,256
Total assets, end of year
$1,665,752
Total liabilities, end of year
$3,062,715
Net assets or fund balances, end of year
-$1,396,963
Program services expenses (Part IX)
$12,845,640
Management and general expenses
$2,016,147
Fundraising expenses
$0
Program service expenses (Part III)
$12,845,640

Program services were 86.4% 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: FEES - HOME HEALTH CARE

    total $14,932,213 · related or exempt $14,932,213

  • 3 · Investment income

    total $0

  • 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

  • 7d · Net gain or loss

    total $0

  • 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

  • 11a · Other revenue: MISCELLANEOUS

    total $1,256 · excluded $1,256

  • 11e · Other revenue, total

    $1,256

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 $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $10,228,521 · program services $9,671,310 · management and general $557,211

  • 8 · Pension plan contributions

    total $244,515 · program services $231,194 · management and general $13,321

  • 9 · Other employee benefits

    total $1,752,686 · program services $1,657,200 · management and general $95,486

  • 10 · Payroll taxes

    total $872,522 · program services $824,987 · management and general $47,535

  • 11a · Fees: management

    total $606,296 · management and general $606,296

  • 11b · Fees: legal

    total $14,244 · management and general $14,244

  • 11c · Fees: accounting

    total $25,267 · management and general $25,267

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $493,940 · management and general $493,940

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $240,781 · program services $193,864 · management and general $46,917

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $117,351 · program services $102,190 · management and general $15,161

  • 17 · Travel

    total $9,239 · program services $2,917 · management and general $6,322

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $17,535 · program services $15,270 · management and general $2,265

  • 23 · Insurance

    total $128,417 · program services $111,827 · management and general $16,590

  • 24a · Other expenses: OTHER

    total $110,473 · program services $34,881 · management and general $75,592

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $78,690 · end of year $53,215

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,488,680 · end of year $1,511,165

  • 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 $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $876,050

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

    $819,875

  • 10c · Land, buildings and equipment, net

    beginning of year $66,115 · end of year $56,175

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 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 $0

  • 15 · Other assets

    beginning of year $45,197 · end of year $45,197

  • 17 · Accounts payable and accrued expenses

    beginning of year $695,415 · end of year $1,295,210

  • 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 $2,567,534 · end of year $1,767,505

  • 27 · Net assets without donor restrictions

    beginning of year -$1,584,267 · end of year -$1,396,963

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

to provide a continuum of high quality supportive sevices for older adults living in their own homes.

  • RIVERSPRING PROVIDES HOME CARE SERVICES FOR OLDER ADULTS INCLUDING NURSING, SOCIAL SERVICES, HOUSEKEEPING, RESPITE, ANCILLARY SERVICES, PALLIATIVE CARE, NUTRITIONAL ASSESSMENTS, AND COMPANIONSHIP SERVICES. TOTAL SERVICE PROVIDED DURING 2022 AMOUNTED TO 485,922 HOURS and 58,963 visits.

    Expenses $12,845,640 · Revenue $14,932,213

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

Listed in Part VII

  • daniel reingold

    president, ceo

    Total calculated
    $1,469,856
    From this org
    $0
    From related orgs
    $1,404,604
    Other
    $65,252
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    not reported + $992,965 related
    Bonus
    not reported + $400,000 related
    Other
    not reported + $11,639 related
    Deferred
    not reported + $27,050 related
    Nontaxable benefits
    not reported + $38,202 related
    Filer's total
    not reported + $1,469,856 related

  • david pomeranz

    Chief operating officer

    Total calculated
    $980,806
    From this org
    $0
    From related orgs
    $948,837
    Other
    $31,969
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    not reported + $704,639 related
    Bonus
    not reported + $172,475 related
    Other
    not reported + $71,723 related
    Deferred
    not reported + $27,450 related
    Nontaxable benefits
    not reported + $4,519 related
    Filer's total
    not reported + $980,806 related

  • Luz Liebeskind

    cfo/Asst. Secretary/Treasurer

    Total calculated
    $790,480
    From this org
    $0
    From related orgs
    $770,664
    Other
    $19,816
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    not reported + $552,398 related
    Bonus
    not reported + $151,250 related
    Other
    not reported + $67,016 related
    Deferred
    not reported + $15,250 related
    Nontaxable benefits
    not reported + $4,566 related
    Filer's total
    not reported + $790,480 related

  • Mary Queally

    Director of Patient Services

    Total calculated
    $332,565
    From this org
    $0
    From related orgs
    $278,520
    Other
    $54,045
    Hours/week
    17.5 + 17.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $270,899 related
    Bonus
    not reported
    Other
    not reported + $7,621 related
    Deferred
    not reported + $16,738 related
    Nontaxable benefits
    not reported + $37,307 related
    Filer's total
    not reported + $332,565 related

  • Nathalie Jerimie

    Assistant Director

    Total calculated
    $201,845
    From this org
    $166,709
    From related orgs
    $0
    Other
    $35,136
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $166,030
    Bonus
    not reported
    Other
    $679
    Deferred
    not reported
    Nontaxable benefits
    $35,136
    Filer's total
    $201,845

  • Jeffrey S Maurer

    Chairman

    Total calculated
    $0
    Hours/week
    1 + 9 related

  • Joseph Wygoda

    Treasurer/Secretary

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Andrew L Gaines

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 7 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

  • 4b · Supplemental nonqualified retirement plan

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

The filer's explanations (Part III)

Schedule J, PART I, LINE 3
THE CEO AND OFFICERS AND KEY EMPLOYEES' COMPENSATION IS PAID THROUGH A RELATED MANAGEMENT SERVICE ORGANIZATION; RIVERSPRING SERVICES CORP. COMPENSATION IS ALLOCATED TO EACH RELATED ENTITY BASED ON AN APPROVED METHODOLOGY. DETERMINATION OF THE COMPENSATION IS BASED ON INDEPENDENT COMPARATIVE ANALYSIS OF COMPENSATION LEVELS FOR OTHER CEO'S AND OFFICERS IN ORGANIZATIONS OF SIMILAR SIZE IN THE LONG-TERM CARE INDUSTRY PRIMARILY IN THE NY METROPOLITAN AREA. THIS IS DONE BY AN INDEPENDENT COMPENSATION CONSULTANT AND THE INFORMATION IS THEN REVIEWED BY A COMPENSATION COMMITTEE AND APPROVED BY THE FULL BOARD OF THE RELATED ENTITIES PAYING THE COMPENSATION.
Schedule J, PART I, LINE 4B
THE CFO AND COO ARE THE ONLY PARTICIPANTS IN THE 457(F) PLAN. DURING 2022, AMOUNTS PAID OUT WERE AS FOLLOWS: LUZ LIEBESKIND - $58,164 DAVID POMERANZ - $61,768 THESE AMOUNTS WERE REPORTED AS DEFERRED COMPENSATION IN PREVIOUS YEARS' 990s.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 October 2023
IRS schema version
2022v5.0
Source object
202313179349301956

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