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Nonprofiteer
← ISLAND REHABILITATION AND NURSING CENTER INC

Form 990 for tax year 2024

Filed by ISLAND REHABILITATION AND NURSING CENTER INC.

Totals

Total revenue
$17,965,704
Total expenses
$19,170,860
Contributions and grants received
$554,897
Grants paid
$0
Program service revenue
$17,337,324
Investment income
$1,142
Other revenue
$72,341
Total assets, end of year
$12,533,173
Total liabilities, end of year
$16,077,967
Net assets or fund balances, end of year
-$3,544,794
Program services expenses (Part IX)
$13,469,553
Management and general expenses
$5,701,307
Fundraising expenses
$0
Program service expenses (Part III)
$13,469,553

Program services were 70.3% 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.

  • 1e · Government grants (contributions)

    $554,878

  • 1f · All other contributions, gifts and grants

    $19

  • 2a · Program service revenue: RESIDENT SERVICE

    total $17,337,324 · related or exempt $17,337,324

  • 3 · Investment income

    total $1,142 · excluded $1,142

  • 11a · Other revenue: HEALTHCARE WORKER BONUS

    total $45,442 · related or exempt $45,442

  • 11b · Other revenue: RECOVERY OF BAD DEBT

    total $15,888 · related or exempt $15,888

  • 11c · Other revenue: BEAUTY PARLOR REVENUE

    total $10,248 · related or exempt $10,248

  • 11d · All other revenue

    total $763 · related or exempt $763

  • 11e · Other revenue, total

    $72,341

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $314,176 · program services $127,236 · management and general $186,940

  • 7 · Other salaries and wages

    total $7,668,074 · program services $7,319,117 · management and general $348,957

  • 8 · Pension plan contributions

    total $91,857 · program services $85,690 · management and general $6,167

  • 9 · Other employee benefits

    total $1,062,242 · program services $990,927 · management and general $71,315

  • 10 · Payroll taxes

    total $645,036 · program services $601,731 · management and general $43,305

  • 11a · Fees: management

    total $52,489 · management and general $52,489

  • 11b · Fees: legal

    total $61,142 · management and general $61,142

  • 11c · Fees: accounting

    total $59,478 · management and general $59,478

  • 11g · Fees: other

    total $40,181 · program services $40,181

  • 12 · Advertising and promotion

    total $7,848 · management and general $7,848

  • 13 · Office expenses

    total $23,225 · program services $21,948 · management and general $1,277

  • 16 · Occupancy

    total $611,233 · management and general $611,233

  • 20 · Interest

    total $380,735 · management and general $380,735

  • 22 · Depreciation, depletion and amortization

    total $835,742 · management and general $835,742

  • 23 · Insurance

    total $854,603 · management and general $854,603

  • 24a · Other expenses: PURCHASED/CONTRACTED SE

    total $2,988,831 · program services $2,720,600 · management and general $268,231

  • 24b · Other expenses: SUPPLIES & MATERIALS

    total $1,500,563 · program services $903,910 · management and general $596,653

  • 24c · Other expenses: CONSULTING FEES

    total $710,021 · program services $21 · management and general $710,000

  • 24d · Other expenses: NYS ASSESSMENT

    total $586,077 · program services $586,077

  • 24e · All other expenses

    total $677,307 · program services $72,115 · management and general $605,192

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $803,715 · end of year $456,642

  • 3 · Pledges and grants receivable

    beginning of year $1,539,685 · end of year $1,539,685

  • 4 · Accounts receivable

    beginning of year $3,036,328 · end of year $3,378,547

  • 8 · Inventories for sale or use

    beginning of year $131,299 · end of year $100,504

  • 9 · Prepaid expenses and deferred charges

    beginning of year $425,920 · end of year $300,245

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

    $22,079,084

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

    $16,799,628

  • 10c · Land, buildings and equipment, net

    beginning of year $5,812,113 · end of year $5,279,456

  • 15 · Other assets

    beginning of year $1,692,657 · end of year $1,478,094

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,611,090 · end of year $3,095,618

  • 21 · Escrow or custodial account liability

    beginning of year $85,052 · end of year $49,288

  • 23 · Secured mortgages and notes payable

    beginning of year $1,428,812 · end of year $1,038,812

  • 25 · Other liabilities

    beginning of year $11,656,401 · end of year $11,894,249

  • 27 · Net assets without donor restrictions

    beginning of year -$2,339,638 · end of year -$3,544,794

Mission and programs · 2024

Mission

TO PROVIDE THE HIGHEST QUALITY OF CARE TO ALL RESIDENT PATIENTS IN A MANNER THAT ENSURES RESPECT, DIGNITY, COMPASSION, SENSITIVITY AND CONCERN.

Activities or mission (Part I)

THE ORGANIZATION IS A SKILLED NURSING FACILITY.

  • ISLAND NURSING AND REHAB CENTER PROVIDED 36,520 DAYS OF INPATIENT REHABILITATION SERVICES TO PATIENTS AND RESIDENTS DURING 2024.

    Expenses $13,469,553 · Revenue $17,337,324

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

Listed in Part VII

  • Bert Brodsky

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • Lee Launer

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Gerald Angowitz

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Noah Finkel MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Cary Wolf

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Stuart B Almer

    PRESIDENT & CEO

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Louis Viteritti

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Audrey Marchand

    ADMINSTRATOR

    Total calculated
    $186,940
    From this org
    $178,474
    From related orgs
    $0
    Other
    $8,466
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $178,474
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,466
    Filer's total
    $186,940

  • Teresa Feruson

    DNS

    Total calculated
    $162,274
    From this org
    $153,808
    From related orgs
    $0
    Other
    $8,466
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $153,808
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,466
    Filer's total
    $162,274

  • Guendalina Norris Lopez

    ASST. DNS

    Total calculated
    $134,630
    From this org
    $134,630
    From related orgs
    $0
    Other
    $0
    Hours/week
    38

  • Xumei Zhao

    RN SUPERVISOR

    Total calculated
    $127,236
    From this org
    $127,236
    From related orgs
    $0
    Other
    $0
    Hours/week
    38

  • Christina Jackson

    ASST. DNS

    Total calculated
    $121,509
    From this org
    $121,509
    From related orgs
    $0
    Other
    $0
    Hours/week
    38

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

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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 partnerships

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

  • GURWIN CAMPUS STP LLC

    NY

    Directly controlled by GHS

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202523149349301512

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