Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $2,325

• 2a · Program service revenue: HOME HEALTH CARE

  total $6,489,557 · related or exempt $6,393,363 · unrelated business $96,194

• 3 · Investment income

  total $3,435 · excluded $3,435

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

  other assets $559

• 7c · Gain or loss

  other assets -$559

• 7d · Net gain or loss

  total -$559 · excluded -$559

• 11a · Other revenue: DEFINED BENEFIT PENSIO

  total $28,915 · related or exempt $28,915

• 11b · Other revenue: PAYROLL TAX CREDIT

  total $2,776 · related or exempt $2,776

• 11e · Other revenue, total

  $31,691

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $173,887 · management and general $173,887

• 7 · Other salaries and wages

  total $2,054,358 · program services $687,420 · management and general $1,366,938

• 8 · Pension plan contributions

  total $126,761 · program services $32,112 · management and general $94,649

• 9 · Other employee benefits

  total $587,006 · program services $201,585 · management and general $385,421

• 10 · Payroll taxes

  total $156,688 · program services $49,767 · management and general $106,921

• 11a · Fees: management

  total $96,899 · management and general $96,899

• 11c · Fees: accounting

  total $113,340 · management and general $113,340

• 11g · Fees: other

  total $170,438 · program services $3,956 · management and general $166,482

• 13 · Office expenses

  total $394,429 · program services $195,643 · management and general $198,786

• 14 · Information technology

  total $24,433 · management and general $24,433

• 16 · Occupancy

  total $183,193 · management and general $183,193

• 17 · Travel

  total $73,809 · program services $27,621 · management and general $46,188

• 22 · Depreciation, depletion and amortization

  total $685,010 · program services $621,143 · management and general $63,867

• 23 · Insurance

  total $32,756 · management and general $32,756

• 24a · Other expenses: COST OF GOODS SOLD

  total $1,638,521 · program services $1,629,066 · management and general $9,455

• 24b · Other expenses: BAD DEBT

  total $845,750 · program services $845,750

• 24c · Other expenses: EQUIPMENT REPAIR

  total $128,696 · program services $16,268 · management and general $112,428

• 24d · Other expenses: FEDERAL AND NYS UBI TAX

  total $5,969 · management and general $5,969

• 24e · All other expenses

  total $14,727 · program services $1,207 · management and general $13,520

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,208,110 · end of year $807,620

• 2 · Savings and temporary cash investments

  beginning of year $1,527,487 · end of year $1,513,116

• 4 · Accounts receivable

  beginning of year $1,937,221 · end of year $1,420,938

• 8 · Inventories for sale or use

  beginning of year $407,192 · end of year $490,463

• 9 · Prepaid expenses and deferred charges

  beginning of year $71,076 · end of year $71,537

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

  $8,122,544

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

  $7,010,591

• 10c · Land, buildings and equipment, net

  beginning of year $1,182,696 · end of year $1,111,953

• 15 · Other assets

  beginning of year $1,933,046 · end of year $1,851,696

• 17 · Accounts payable and accrued expenses

  beginning of year $798,966 · end of year $765,297

• 25 · Other liabilities

  beginning of year $85,109 · end of year $418,209

• 27 · Net assets without donor restrictions

  beginning of year $7,382,753 · end of year $6,083,817

The filer's explanations (Part III)

PART I, LINE 3

IT IS THE PHILOSOPHY OF PROFESSIONAL HOME CARE THAT ALL STAFF, INCLUDING THE EXECUTIVE STAFF, BE COMPENSATED FAIRLY FOR THEIR WORK. BASE SALARY LEVELS, INCENTIVE/BONUS PROGRAMS AND BENEFIT PLANS SHALL TAKE INTO ACCOUNT LOCAL, REGIONAL AND NATIONAL MARKETS TO ALLOW PHC TO RECRUIT, MOTIVATE, REWARD, RECOGNIZE AND RETAIN HIGHLY TALENTED EXECUTIVES WITH THE SKILL SETS REQUIRED TO FULFILL ITS MISSION. THE BOARD OF DIRECTORS' EXECUTIVE COMPENSATION COMMITTEE REVIEWS ANNUALLY A COMPREHENSIVE REPORT PREPARED BY AN EXTERNAL EXECUTIVE COMPENSATION CONSULTING FIRM, SULLIVAN COTTER ASSOCIATES, TO DETERMINE THE APPROPRIATENESS OF THE BASE AND TOTAL COMPENSATION LEVELS FOR PROFESSIONAL HOME CARE, INC SENIOR MANAGEMENT STAFF. THE ANNUAL REPORT FOCUSES ON TWO KEY AREAS: 1) THE COMPETITIVENESS OF SENIOR MANAGEMENT STAFF'S BASE AND TOTAL COMPENSATION (INCLUDING BENEFITS) VS. NATIONAL BENCHMARK DATA FOR COMPARABLY SIZED HEALTH CARE SYSTEMS AND HOSPITALS (BASED UPON 'TOTAL REVENUE' METRICS) AND A 'REASONABLENESS ASSESSMENT' CONSISTENT WITH U.S. TREASURY DEPT REGULATIONS GOVERNING EXECUTIVE COMPENSATION FOR NOT-FOR-PROFIT ORGANIZATIONS. THE DATA FROM THIS REPORT ASSISTS THE EXECUTIVE COMPENSATION COMMITTEE IN DETERMINING THE APPROPRIATENESS OF THE SENIOR MANAGEMENTS' CURRENT BASE AND TOTAL COMPENSATION LEVELS AND THE NEED FOR ANY ADJUSTMENTS FOR THE CALENDAR YEAR.

SCHEDULE J, PART II, LINE 1, BIII

PAYMENT IN 2022 FROM A NON-QUALIFIED PLAN: JOHN CARRIGG FOR $540,006 OTHER REPORTABLE COMPENSATION IN THE AMOUNT OF $540,006 INCLUDES NON-QUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). EARLY SERP DISTRIBUTIONS WERE RELATED TO INCOME TAX PAYMENTS; THE REMAINING AMOUNTS ARE DEFERRED UNTIL SUBSEQUENT TRIGGERING EVENTS.