Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEDICARE

  total $2,587,149 · related or exempt $2,587,149

• 2b · Program service revenue: OTHER PATIENT SERVICE

  total $2,210,875 · related or exempt $2,210,875

• 2c · Program service revenue: MEDICAID

  total $105,740 · related or exempt $105,740

• 3 · Investment income

  total $1,866 · excluded $1,866

• 11a · Other revenue: PURCHASE DISCOUNTS

  total $52,469 · excluded $52,469

• 11b · Other revenue: RECOVERY OF BAD DEBT

  total $1,842 · excluded $1,842

• 11e · Other revenue, total

  $54,311

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $2,276,436 · program services $1,929,205 · management and general $347,231

• 8 · Pension plan contributions

  total $14,329 · program services $12,143 · management and general $2,186

• 9 · Other employee benefits

  total $163,898 · program services $138,898 · management and general $25,000

• 10 · Payroll taxes

  total $190,868 · program services $161,754 · management and general $29,114

• 11b · Fees: legal

  total $1,456 · management and general $1,456

• 11c · Fees: accounting

  total $37,000 · management and general $37,000

• 11g · Fees: other

  total $819,082 · program services $304,896 · management and general $514,186

• 12 · Advertising and promotion

  total $420,655 · management and general $420,655

• 13 · Office expenses

  total $20,712 · program services $4,842 · management and general $15,870

• 14 · Information technology

  total $32,800 · program services $32,800

• 16 · Occupancy

  total $166,837 · program services $166,837

• 19 · Conferences, conventions and meetings

  total $1,581 · program services $350 · management and general $1,231

• 22 · Depreciation, depletion and amortization

  total $202,762 · program services $202,762

• 23 · Insurance

  total $88,672 · management and general $88,672

• 24a · Other expenses: PHARMACEUTICALS

  total $721,556 · program services $721,556

• 24b · Other expenses: MEDICAL SUPPLIES

  total $406,438 · program services $406,438

• 24c · Other expenses: WATER TREATMENT

  total $127,174 · program services $127,174

• 24d · Other expenses: REPAIRS AND MAINTENANCE

  total $51,925 · program services $51,925

• 24e · All other expenses

  total $77,618 · program services $42,174 · management and general $35,444

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $189,129 · end of year $55,699

• 2 · Savings and temporary cash investments

  beginning of year $1,043,543 · end of year $503,861

• 4 · Accounts receivable

  beginning of year $571,420 · end of year $540,726

• 8 · Inventories for sale or use

  beginning of year $148,694 · end of year $101,316

• 9 · Prepaid expenses and deferred charges

  beginning of year $56,410 · end of year $64,430

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

  $3,839,722

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

  $3,090,764

• 10c · Land, buildings and equipment, net

  beginning of year $824,197 · end of year $748,958

• 11 · Investments: publicly traded securities

  beginning of year $32,355 · end of year $34,571

• 12 · Investments: other securities

  beginning of year $500,028 · end of year $500,000

• 17 · Accounts payable and accrued expenses

  beginning of year $514,114 · end of year $547,091

• 25 · Other liabilities

  beginning of year $134,240 · end of year $145,864

• 27 · Net assets without donor restrictions

  beginning of year $2,717,422 · end of year $1,856,606

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

PART I, LINE 3

THE CEO'S COMPENSATION IS DETERMINED AND PAID BY A RELATED PARTY, PARKER JEWISH INSTITUTE FOR HEALTH CARE AND REHABILITATION, USING THE FOLLOWING PROCESS: A WRITTEN EMPLOYMENT CONTRACT IS CURRENTLY IN PLACE FOR THE PRESIDENT/CEO. THE CONTRACT WAS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. EXTERNAL INFORMATION AND SURVEYS WERE USED FOR COMPARATIVE PURPOSES IN DETERMINING THE COMPENSATION AMOUNTS IN THE CONTRACT. PERFORMANCE IS REVIEWED ANNUALLY BY THE CHAIRMAN OF THE BOARD OF TRUSTEES. RECOMMENDATIONS ARE MADE TO THE COMPENSATION COMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD WHO APPROVE THE SALARIES OF THE KEY EMPLOYEES AND OTHER OFFICERS. RECOMMENDATIONS ARE BASED ON A REVIEW OF FORM 990'S OF SIMILAR-SIZED ORGANIZATIONS. THE BOARD'S APPROVAL OF THE SALARIES ARE DOCUMENTED IN THE MINUTES TO THE MEETING.

PART I, LINE 4B

CONTRIBUTIONS MADE BY PARKER JEWISH INSTITUTE FOR HEALTH CARE AND REHABILITATION TO A SUPPLEMENTARY NON-QUALIFIED RETIREMENT PLAN DURING 2023 ARE AS FOLLOWS: MICHAEL N. ROSENBLUT: $50,939 ROBERT M. WERNER: $23,259 DISTRIBUTIONS WERE MADE FROM A SUPPLEMENTARY NON-QUALIFIED RETIREMENT PLAN DURING 2023 TO THE FOLLOWING: MICHAEL N. ROSENBLUT: $41,957 ROBERT M. WERNER: $18,111

PART I, LINE 7

INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A DISCRETIONARY BONUS DURING CALENDAR YEAR 2023, WHICH WAS INCLUDED IN COLUMN B(II) HEREIN AND IN THEIR 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES.

Related partnerships

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

• AGEWELL NEW YORK LLC

  RELATED · OPERATES A PARTIALLY CAPITATED MEDICAID & MEDICARE MANAGED LT CARE PROGRAM · NY

  Directly controlled by PARKER JEWISH INSTITUTE FOR HEALTH CARE AND REHABILITATION