Civic Intelligence

Cornerstone Family Healthcare Fka Greater Hudson Valley Health Center

EIN 06-1036715 • 501(c)3 • Cornwall, NY

Profile

Cornerstone family health center is a freestanding diagnostic and treatment corporation licensed under article 28 of the new york state health law and provides a broad range of health services to a largely underserved population.

2570 Route 9W 10Cornwall, NY 12518

www.cornerstonefh.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.33x

Higher debt load relative to assets than 49% of similar nonprofits.

NTEE E • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

46th percentile

0.27x

Higher debt load relative to revenue than 46% of similar nonprofits.

NTEE E • $50M-$100M nonprofits • Source year 2024

Net Margin

71st percentile

7.5%

Higher net margin than 71% of similar nonprofits.

NTEE E • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

29th percentile

$522,323

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

NTEE E • $50M-$100M nonprofits • Source year 2024

Asset Growth

30th percentile

-1.1%

Faster asset growth than 30% of similar nonprofits.

NTEE E • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

33rd percentile

3.6%

Faster revenue growth than 33% of similar nonprofits.

NTEE E • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$61,959,230

Down $705,189 (-1.1%) from 2023

Liabilities

Down

$20,387,008

Down $7,085,670 (-26%) from 2023

Net Assets

Up

$41,572,222

Up $6,380,481 (+18%) from 2023

Revenue

Up

$76,099,023

Up $2,674,621 (+3.6%) from 2023

Expenses

Up

$70,414,323

Up $1,537,018 (+2.2%) from 2023

Net Income

Up

$5,684,700

Up $1,137,603 (+25%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $18,192,857Liabilities 2010: $13,137,678Net Assets 2010: $5,055,1792010Assets 2011: $21,262,090Liabilities 2011: $13,824,337Net Assets 2011: $7,437,7532011Assets 2012: $21,912,913Liabilities 2012: $12,960,590Net Assets 2012: $8,952,3232012Assets 2013: $23,781,614Liabilities 2013: $12,826,420Net Assets 2013: $10,955,1942013Assets 2014: $24,366,982Liabilities 2014: $12,846,602Net Assets 2014: $11,520,3802014Assets 2015: $25,704,320Liabilities 2015: $13,259,704Net Assets 2015: $12,444,6162015Assets 2016: $29,994,462Liabilities 2016: $15,981,470Net Assets 2016: $14,012,9922016Assets 2017: $37,996,962Liabilities 2017: $20,174,993Net Assets 2017: $17,821,9692017Assets 2018: $40,700,699Liabilities 2018: $22,324,553Net Assets 2018: $18,376,1462018Assets 2019: $41,620,663Liabilities 2019: $20,849,647Net Assets 2019: $20,771,0162019Assets 2020: $45,954,625Liabilities 2020: $23,678,166Net Assets 2020: $22,276,4592020Assets 2021: $59,599,065Liabilities 2021: $25,689,407Net Assets 2021: $33,909,6582021Assets 2022: $57,345,045Liabilities 2022: $26,700,401Net Assets 2022: $30,644,6442022Assets 2023: $62,664,419Liabilities 2023: $27,472,678Net Assets 2023: $35,191,7412023Assets 2024: $61,959,230Liabilities 2024: $20,387,008Net Assets 2024: $41,572,2222024

Highlighted filing

2024

Assets$61,959,230
Liabilities$20,387,008
Net Assets$41,572,222

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50MExpenses 2010: $13,250,8292010Revenue 2011: $20,294,322Expenses 2011: $17,178,196Net Income 2011: $3,116,1262011Expenses 2012: $20,581,6522012Revenue 2013: $25,773,427Expenses 2013: $24,333,101Net Income 2013: $1,440,3262013Revenue 2014: $27,011,622Expenses 2014: $26,408,046Net Income 2014: $603,5762014Revenue 2015: $28,113,946Expenses 2015: $27,619,463Net Income 2015: $494,4832015Revenue 2016: $34,378,162Expenses 2016: $32,956,243Net Income 2016: $1,421,9192016Revenue 2017: $35,617,313Expenses 2017: $34,487,228Net Income 2017: $1,130,0852017Revenue 2018: $49,659,776Expenses 2018: $49,272,725Net Income 2018: $387,0512018Revenue 2019: $54,679,919Expenses 2019: $52,391,224Net Income 2019: $2,288,6952019Revenue 2020: $50,605,284Expenses 2020: $49,099,841Net Income 2020: $1,505,4432020Revenue 2021: $81,978,062Expenses 2021: $79,332,613Net Income 2021: $2,645,4492021Revenue 2022: $65,441,211Expenses 2022: $68,706,225Net Income 2022: -$3,265,0142022Revenue 2023: $73,424,402Expenses 2023: $68,877,305Net Income 2023: $4,547,0972023Revenue 2024: $76,099,023Expenses 2024: $70,414,323Net Income 2024: $5,684,7002024

Highlighted filing

2024

Revenue$76,099,023
Expenses$70,414,323
Net Income$5,684,700

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.0$20.4$41.6$76.1$70.4$5.68
2023Detailed filing. Detailed filing data is available for this year.$62.7$27.5$35.2$73.4$68.9$4.55
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.3$26.7$30.6$65.4$68.7$3.27
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.6$25.7$33.9$82.0$79.3$2.65
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.0$23.7$22.3$50.6$49.1$1.51
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.6$20.8$20.8$54.7$52.4$2.29
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.7$22.3$18.4$49.7$49.3$0.39
2017Detailed filing. Detailed filing data is available for this year.$38.0$20.2$17.8$35.6$34.5$1.13
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.0$16.0$14.0$34.4$33.0$1.42
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.7$13.3$12.4$28.1$27.6$0.49
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$24.4$12.8$11.5$27.0$26.4$0.60
2013Detailed filing. Detailed filing data is available for this year.$23.8$12.8$11.0$25.8$24.3$1.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.9$13.0$8.95$20.6
2011Summary only. Only limited summary data is available for this year.$21.3$13.8$7.44$20.3$17.2$3.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.2$13.1$5.06$13.3
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$76,099,023
Mission and Program Overview

Mission

Greater hudson valley family health center is a freestanding diagnostic and treatment corporation licensed under article 28 of the new york state health law and provides a broad range of health services to a largely underserved population.

To provide healthcare services to the medically underserved and those without access to care.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$39,661,654$40,735,485▲ $1,073,831
Cash and Non-Interest-Bearing Accounts$4,306,298$6,913,970▲ $2,607,672
Accounts Receivable$6,004,470$5,098,938▼ $905,532
Pledges and Grants Receivable$4,742,601$3,142,752▼ $1,599,849
Investments Other Securities$2,121,271$1,371,413▼ $749,858
Intangible Assets$1,316,045$1,182,567▼ $133,478
Prepaid Expenses and Deferred Charges$697,666$355,138▼ $342,528
Savings and Temporary Cash Investments-$254,028-
Total Assets$62,688,017$61,959,230▼ $728,787
Other Assets Total$3,838,012$2,904,939▼ $933,073
Liabilities
Mortgage Notes Payable Secured by Investment Property$13,857,536$11,116,564▼ $2,740,972
Accounts Payable and Accrued Expenses$7,023,955$4,872,480▼ $2,151,475
Other Liabilities$5,312,598$3,007,817▼ $2,304,781
Deferred Revenue$1,302,187$1,390,147▲ $87,960
Total Liabilities$27,496,276$20,387,008▼ $7,109,268
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$29,826,804$40,841,859▲ $11,015,055
Net Assets With Donor Restrictions$5,364,937$730,363▼ $4,634,574
Total Net Assets Fund Balance$35,191,741$41,572,222▲ $6,380,481
Total Liabilities and Net Assets / Fund Balance$62,688,017$61,959,230▼ $728,787

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$33,674,304$8,359,010$42,033,314
Equipment$2,040,736$9,585,848$11,626,584
Other Land Buildings$830,203$2,721,204$3,551,407
Land$2,688,307-$2,688,307
Leasehold Improvements$1,501,935$673,314$2,175,249
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David JollyChief Executive OfficerPT$352,549$169,774$522,323
Avi K SilberChief Medical OfficerFT$348,372$114,302$462,674
Natalie M JouvePhysicianFT$380,520$8,422$388,942
Joseph J LanzaInterim Chief of Ob/gynFT$315,107$55,987$371,094
Ryan D MeshulamChief of PsychiatryFT$311,154$57,563$368,717
Gbolagade O BabalolaPhysicianFT$323,742$39,142$362,884
Marie D JamesPhysicianFT$323,742$36,504$360,246
Amy BologneseChief Financial OfficerPT$198,649$50,681$249,330

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Visualutions INCRevenue Cycle Services7440 MINTWOOD LANE, Spring, TX 77379$833,212
Cohnreznick LLPAccounting And Consulting Services1301 AVENUE OF THE AMERICAS 10TH F, New York, NY 10019$383,395
340b Technologies INCPharmaceutical Assistance161 GAITHER DRIVE SUITE 201, Mount Laurel, NJ 08054$238,784
Rsm US LLPConsulting Services151 WEST 42ND STREET 19TH FLOOR, New York, NY 10036$148,575
Revenue and Support

Revenue Composition

Contributions and Grants
$23,489,347
Program Service Revenue
$51,975,030
Investment Income
$52,568
Other Revenue
$582,078
All Other Contributions
$6,747,167
Change in Net Assets
$5,684,700

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Drugs and Medical Supplies10,571$1,432,710Fair Market Value
Total Noncash Contributions10,571$1,432,710-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$48,822,429
Other Expenses$20,350,427
Grants and Similar Amounts Paid$1,241,467
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$31,949,056$7,567,825-$39,516,881
Other Employee Benefits$3,268,764$794,009-$4,062,773
Occupancy$3,447,643$578,198-$4,025,841
Fees for Services Other$3,553,072$440,001-$3,993,073
Payroll Taxes$2,743,529$695,055-$3,438,584
Depreciation Depletion$1,917,391$321,562-$2,238,953
Information Technology$1,571,357$398,093-$1,969,450
Grants to Domestic Individuals$1,241,467--$1,241,467
Current Officers, Directors, Trustees, and Key Employees$462,674$771,652-$1,234,326
Office Expenses$728,105$167,646-$895,751
Interest$507,830$85,168-$592,998
Pension Plan Contributions$529,729$40,136-$569,865
Insurance$393,940$66,782-$460,722
Travel$363,335$92,049-$455,384
Fees for Services Accounting-$338,414-$338,414
Fees for Services Legal-$182,607-$182,607
Other Expenses$109,749$27,804-$137,553
Conferences and Meetings$47,313$11,987-$59,300
Total Functional Expenses$57,140,850$13,273,473$0$70,414,323
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$2,900,776
Due to Affiliates$107,041
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The finance committee of the board of directors is provided with the form 990 in draft form, which it reviews and approves. The board of directors then ratifies the draft form 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is regularly reviewed by the board of directors and is included in continual corporate compliance training which is required to be attended by all officers and staff. All directors and officers are required to annually complete a conflict of interest questionnaire.

Form 990, Part VI, Section B, Line 15

The organization utilizes an annual review process of compensation for its president & chief executive officer and other officers and key employees. The process includes annual individual performance evaluations for each of these employees which are tied to pre-determined corporate goals. The process also includes an evaluation of salary and benefit levels through the use of an outside compensation consulting firm, who conducts an in-depth competitive market study to determine the organization's position in the marketplace, as well as a focus on internal practices used by the board of directors in the determination of executive compensation and related documentation. The executive committee of the board of directors conducts the hiring of the outside compensation consulting firm, and meets with the hired firm directly to review results of the engagement.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are availble upon request.

Filing and Contact Details

Filer

Filer Name
Cornerstone Family Healthcare
EIN
06-1036715
Phone
8452203100
Address
2570 ROUTE 9W 10, CORNWALL, NY 12518

Signing Officer

Name
David Jolly
Title
President & Chief Executive Officer
Phone
8452203100
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Jolly
Formed
1981
Legal Domicile
Ny
Voting Board Members
18
Independent Board Members
18
Employees
722
Volunteers
34

Preparer

Firm
Bonadio & Co Llp
Address
432 NORTH FRANKLIN STREET, SYRACUSE, NY 13204
Preparer
Timothy Hammond
Phone
3154227109
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Equity transfer to encore inc.-consign for a cause -272,005.

Raw XML AppendixShowing 400 of 900 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsReceivableGrp/EOYAmt05098938
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE HEALTHCARE SERVICES TO THE MEDICALLY UNDERSERVED AND THOSE WITHOUT ACCESS TO CARE.
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IRS990/Desc0TO PROVIDE A WIDE RANGE OF HEALTH SERVICES TO A LARGELY MEDICALLY UNDERSERVED POPULATION. IN 2024, WE HAD 194,637 PATIENT VISITS, AND 32,285 COMBINED OASAS METHADONE AND SUBSTANCE ABUSE REHAB VISITS.
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IRS990/MissionDesc0CORNERSTONE FAMILY HEALTHCARE IS A FREESTANDING DIAGNOSTIC AND TREATMENT CENTER LICENSED UNDER ARTICLE 28 OF THE NEW YORK STATE PUBLIC HEALTH LAW AND PROVIDES A BROAD RANGE OF HEALTH SERVICES TO A LARGELY UNDERSERVED POPULATION.
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