Civic Intelligence

Amsterdam Nursing Home Corporation (1992)

990 • Fiscal year 2018 • EIN 13-3834710

Jan 01, 2018 to Dec 31, 2018 • Filed on May 15, 2019

1060 Amsterdam AvenueNew York, NY 10025

(212) 575-3322

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

68th percentile

0.70x

Higher debt load relative to assets than 68% of similar nonprofits.

2018 filings • NTEE E • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

68th percentile

0.62x

Higher debt load relative to revenue than 68% of similar nonprofits.

2018 filings • NTEE E • $50M-$100M nonprofits • Source year 2018

Net Margin

58th percentile

1.3%

Higher net margin than 58% of similar nonprofits.

2018 filings • NTEE E • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

43rd percentile

$709,929

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2018 filings • NTEE E • $50M-$100M nonprofits • Source year 2018

Asset Growth

40th percentile

-2.0%

Faster asset growth than 40% of similar nonprofits.

2018 filings • NTEE E • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

61st percentile

7.3%

Faster revenue growth than 61% of similar nonprofits.

2018 filings • NTEE E • $50M-$100M nonprofits • Annualized from 2017 to 2018

Assets

Down

$58,252,072

Down $1,183,852 (-2.0%) from 2017

Net Assets

Up

$17,332,291

Up $843,216 (+5.1%) from 2017

Liabilities

Down

$40,919,781

Down $2,027,068 (-4.7%) from 2017

Revenue

Up

$66,400,619

Up $4,545,906 (+7.3%) from 2017

Expenses

Up

$65,558,054

Up $3,720,844 (+6.0%) from 2017

Net Income

Up

$842,565

Up $825,062 (+4714%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2010: $51,931,386Liabilities 2010: $45,340,171Net Assets 2010: $6,591,2152010Assets 2011: $49,843,524Liabilities 2011: $44,466,530Net Assets 2011: $5,376,9942011Assets 2012: $54,825,943Liabilities 2012: $44,288,757Net Assets 2012: $10,537,1862012Assets 2013: $61,859,493Liabilities 2013: $50,554,132Net Assets 2013: $11,305,3612013Assets 2014: $61,537,830Liabilities 2014: $48,097,073Net Assets 2014: $13,440,7572014Assets 2015: $62,275,214Liabilities 2015: $46,763,049Net Assets 2015: $15,512,1652015Assets 2016: $60,869,468Liabilities 2016: $44,397,896Net Assets 2016: $16,471,5722016Assets 2017: $59,435,924Liabilities 2017: $42,946,849Net Assets 2017: $16,489,0752017Assets 2018: $58,252,072Liabilities 2018: $40,919,781Net Assets 2018: $17,332,2912018Assets 2019: $62,016,883Liabilities 2019: $46,809,531Net Assets 2019: $15,207,3522019Assets 2020: $58,569,678Liabilities 2020: $45,296,233Net Assets 2020: $13,273,4452020Assets 2021: $69,684,595Liabilities 2021: $61,297,226Net Assets 2021: $8,387,3692021Assets 2022: $74,531,404Liabilities 2022: $62,481,756Net Assets 2022: $12,049,6482022Assets 2023: $76,318,268Liabilities 2023: $46,061,811Net Assets 2023: $30,256,4572023Assets 2024: $88,598,895Liabilities 2024: $42,662,104Net Assets 2024: $45,936,7912024

Highlighted filing

2018

Assets$58,252,072
Liabilities$40,919,781
Net Assets$17,332,291

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0-$50MExpenses 2010: $58,158,1742010Expenses 2011: $56,701,9822011Revenue 2012: $61,204,657Expenses 2012: $56,044,465Net Income 2012: $5,160,1922012Revenue 2013: $57,928,505Expenses 2013: $57,160,330Net Income 2013: $768,1752013Revenue 2014: $59,694,904Expenses 2014: $57,559,508Net Income 2014: $2,135,3962014Revenue 2015: $62,560,053Expenses 2015: $60,479,168Net Income 2015: $2,080,8852015Revenue 2016: $64,600,956Expenses 2016: $63,641,549Net Income 2016: $959,4072016Revenue 2017: $61,854,713Expenses 2017: $61,837,210Net Income 2017: $17,5032017Revenue 2018: $66,400,619Expenses 2018: $65,558,054Net Income 2018: $842,5652018Revenue 2019: $67,656,403Expenses 2019: $67,421,077Net Income 2019: $235,3262019Revenue 2020: $57,802,177Expenses 2020: $59,801,970Net Income 2020: -$1,999,7932020Revenue 2021: $65,318,560Expenses 2021: $63,054,580Net Income 2021: $2,263,9802021Revenue 2022: $67,166,381Expenses 2022: $63,504,102Net Income 2022: $3,662,2792022Revenue 2023: $80,637,522Expenses 2023: $62,450,020Net Income 2023: $18,187,5022023Revenue 2024: $85,522,649Expenses 2024: $69,672,360Net Income 2024: $15,850,2892024

Highlighted filing

2018

Revenue$66,400,619
Expenses$65,558,054
Net Income$842,565
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 15, 2019
Return Version
2018v3.1
Gross Receipts
$71,524,226
Mission and Program Overview

Mission

To operate a not for profit nursing home with 409 nursing facility beds and an adult day health care program for 40 registrants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$20,224,393$19,134,524▼ $1,089,869
Savings and Temporary Cash Investments$16,179,960$16,087,584▼ $92,376
Accounts Receivable$10,777,901$9,154,972▼ $1,622,929
Prepaid Expenses and Deferred Charges$2,314,336$3,045,221▲ $730,885
Cash and Non-Interest-Bearing Accounts$627,558$1,568,288▲ $940,730
Inventories for Sale or Use$119,490$72,564▼ $46,926
Investments Other Securities$31,468$40,979▲ $9,511
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$59,435,924$58,252,072▼ $1,183,852
Other Assets Total$9,160,818$9,147,940▼ $12,878
Liabilities
Mortgage Notes Payable Secured by Investment Property$31,956,412$29,710,966▼ $2,245,446
Accounts Payable and Accrued Expenses$8,867,438$8,598,871▼ $268,567
Other Liabilities$1,666,675$2,162,499▲ $495,824
Escrow Account Liability$456,324$447,445▼ $8,879
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$42,946,849$40,919,781▼ $2,027,068
Net Assets / Fund Balance
Unrestricted Net Assets$16,390,771$17,235,450▲ $844,679
Temporarily Rstr Net Assets$98,304$96,841▼ $1,463
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$16,489,075$17,332,291▲ $843,216
Total Liabilities and Net Assets / Fund Balance$59,435,924$58,252,072▼ $1,183,852

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,589,596$43,439,753$57,029,349
Equipment$4,079,368$18,582,290$22,661,658
Land$1,432,917-$1,432,917
Other Land Buildings$31,571$81,067$112,638
Leasehold Improvements$1,072$69,702$70,774
Other Assets Org$283,987--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James DavisPresident/CEOFT$603,205$53,725$656,930
Mark PancirerSenior VP/CFOFT$255,326$99,482$354,808
Judith FensterSenior VP/COO through 9/18FT$166,648$65,264$231,912
Lorna PoonDirector of FINANCEFT$183,811$34,670$218,481
Gertrudes De GuzmanDirector of NursingFT$160,010$50,256$210,266
Joeralin LimNurseFT$140,909$15,244$156,153
Celma C DumaguingAssistant Director of FINANCEFT$136,873$4,616$141,489
Imee R VillavicencioNurseFT$124,317$15,244$139,561
Geetha MurliDirector of Accts of Rec.FT$129,352$8,921$138,273
William J PascocelloSenior VP/COOFT$76,396$5,723$82,119

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Theradyamics Phy RehabPhyscial Therapy225 CROSSWAYS PARK DRIVE, Woodbury, NY 11787$4,100,025
United Home CareNursing Agency77-04 BROADWAY, Elmhurst, NY 11373$3,300,072
Rn Express Registry LLCNursing Agency71 WEST 23RD ST STE 1622, New York, NY 10010$1,087,737
Inpatient Hospitalist Serv NyPhysican ServicesPO BOX 92284, Los Angeles, CA 90009$902,771
Li ScriptPharmacy225 CROSSWAYS DR, Woodbury, NY 11797$769,009
Revenue and Support

Revenue Composition

Contributions and Grants
$847,512
Program Service Revenue
$64,801,198
Investment Income
$121,499
Other Revenue
$630,410
All Other Contributions
$135
Change in Net Assets
$842,565

Audited Revenue Reconciliation

Revenue per Audited Statements
$63,749,455
Revenue Not Reported on Financial Statements
$2,651,164
Revenue Not Reported on Form 990
$651
Other Revenue Adjustments
$2,651,164
Total Revenue per Audited Statements
$63,750,106
Total Revenue per Form 990
$66,400,619
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$36,393,041
Other Expenses$29,165,013
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$21,334,324$1,449,870$0$22,784,194
Fees for Services Other$10,562,458$978,765-$11,541,223
Other Employee Benefits$7,677,957$385,848-$8,063,805
Office Expenses$5,346,969$1,071,820-$6,418,789
Occupancy$1,860,632$276,540-$2,137,172
Pension Plan Contributions$1,981,662$68,031-$2,049,693
Depreciation Depletion$1,761,903$240,259-$2,002,162
Payroll Taxes$1,837,249$122,065-$1,959,314
Current Officers, Directors, Trustees, and Key Employees-$1,536,035-$1,536,035
Insurance$960,532$124,435-$1,084,967
Other Expenses$289,380$88,018-$377,398
Fees for Services Legal-$288,462-$288,462
Fees for Services Accounting-$63,900-$63,900
Travel$4,332$15,157-$19,489
Interest$4,725$644-$5,369
Fees for Services Lobbying-$5,166-$5,166
Advertising-$268-$268
Total Functional Expenses$58,842,771$6,715,283$0$65,558,054

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$65,558,054
Expenses per Audited Statements$62,906,890
Total Expenses per Audited Statements$62,906,890
Expenses Not Reported on Financial Statements$2,651,164
Other Expense Adjustments$2,651,164
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Third Parties$1,436,410
Insurance Payable$625,000
Accrued Interest Payable$101,089
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Lawrence b. Thompson and r. Scott edmonds of the board of directors are partners in the same business firm.

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

A copy of the form 990 is provided to and reviewed by the audit committee. Any issues are reviewed and corrected. The cfo then makes the 990 available to all board members prior to filing.

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

An interested director means any amsterdam director who has an interest as a principal, partner, director, officer, employee, agent, or stockholder (other than a stockholder of a publicly traded corporation who stock is widely held) of any entity with which amsterdam has or contemplates transacting business. An interested director must disclose the relationship or interest in the transaction to the board of directors of the applicable amsterdam entity. Disclosure shall be made to the chairman of the board as soon as the interested director becomes aware of the potential for a conflict in connection with the transaction, who shall inform the applicable board.if the chairman is involved in the transaction, the chairman shall advise the secretary of the applicable amsterdam entity who shall arrange for board disclosure. No interested director shall participate in the discussion,deliberations and voting regarding a transaction. The affirmative vote of the majority of all the directors of the applicable amsterdam entity shall be required before entering into the transaction,(excluded in such counts is the interested director.) no transaction shall be invalidated or affected in any way if this policy is followed. All officers and key employees are required to disclose any potential conflicts of interest. Said conflicts are addressed by management.

Form 990, Part VI, Section B, Line 15A

AMSTERDAM HAS A PROCESS TO DETERMINE COMPENSATION FOR THE President/CEO WHICH INCLUDES A REVIEW BY A COMPENSATION AND BENEFITS CONSULTANT, THE USE OF COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION IN THE DELIBERATION AND THE FINAL DECISION. THIS PROCESS WAS UNDERTAKEN IN DECEMBER 2017 FOR THE YEAR 2018. SUBSEQUENTLY ANOTHER REVIEW WAS DONE ON DECEMBER 2018 FOR THE 2019 YEAR. THIS PROCESS INCLUDES A REVIEW OF TOTAL COMPENSATION INCLUDING BONUS CONSIDERATION.

Form 990, Part VI, Section B, Line 15B

AMSTERDAM HAS A PROCESS TO DETERMINE COMPENSATION FOR Officers WHICH INCLUDES A REVIEW BY A COMPENSATION AND BENEFITS CONSULTANT, THE USE OF COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION IN THE DELIBERATION AND THE FINAL DECISION.COMPENSATION OF KEY EMPLOYEES IS BASED ON AN INFORMAL REVIEW BY THE PRESIDENT/CEO OF COMPARABLE DATA. This was last done in 2018.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Amsterdam Nursing Home Corporation (1992)
EIN
13-3834710
In Care Of
% MARK PANCIRER
Phone
2125753322
Address
1060 Amsterdam Avenue, New York, NY 10025
Doing Business As
Amsterdam Nursing Home

Signing Officer

Name
Mark Pancirer
Title
Senior VP/COO
Phone
2125753322
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
james davis
Formed
1995
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
532
Volunteers
72

Preparer

Firm
Bkd Llp
Address
655 Third Avenue 1200, New York, NY 10017
Preparer
Aaron Shapiro
Phone
2128674000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

Amsterdam has a committee that assumes responsibility for oversight of the audit of its financial statement and selection of an independent accountant. The process has not changed from prior years.

Form 990 Part IX Line 11G

Description:temporary agency fees total fees:5086386

Form 990 Part IX Line 11G

Description:physical therapy fees total fees:1879313

Form 990 Part IX Line 11G

Description:occupational therapist fees total fees:1523346

Form 990 Part IX Line 11G

Description:nursing home consulting srvcs total fees:3052178

Financial Statement Notes

part IV, line 2B

Patient funds are held for the residents in separate bank accounts to be used at the discretion of the patients and/or their families.

Part XI, Line 4B

Bad debt expense: 2,651,164

Part XII, Line 4B

Bad debt expense: 2,651,164

Raw XML AppendixShowing 400 of 958 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.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Lawrence B Thompson
IRS990/Form990PartVIISectionAGrp/PersonNm1George L Van Amson
IRS990/Form990PartVIISectionAGrp/PersonNm2Frances R Olivieri
IRS990/Form990PartVIISectionAGrp/PersonNm3Joseph C Hoopes Jr
IRS990/Form990PartVIISectionAGrp/PersonNm4Jose V Torres
IRS990/Form990PartVIISectionAGrp/PersonNm5Reverend James G Callaway Jr
IRS990/Form990PartVIISectionAGrp/PersonNm6Dr Karen M Hopkins
IRS990/Form990PartVIISectionAGrp/PersonNm7Jay H McDowell
IRS990/Form990PartVIISectionAGrp/PersonNm8Rev Deacon Frank L Peterson Jr
IRS990/Form990PartVIISectionAGrp/PersonNm9R Scott Edmonds
IRS990/Form990PartVIISectionAGrp/PersonNm10James J Campbell
IRS990/Form990PartVIISectionAGrp/PersonNm11Isabel M Carden
IRS990/Form990PartVIISectionAGrp/PersonNm12JAMES DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm13MARK PANCIRER
IRS990/Form990PartVIISectionAGrp/PersonNm14JUDITH FENSTER
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IRS990/Form990PartVIISectionAGrp/PersonNm19IMEE R VILLAVICENCIO
IRS990/Form990PartVIISectionAGrp/PersonNm20GEETHA MURLI
IRS990/Form990PartVIISectionAGrp/PersonNm21JOERALIN LIM
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13Senior VP/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt14Senior VP/COO through 9/18
IRS990/Form990PartVIISectionAGrp/TitleTxt15Senior VP/COO
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIR. OF NURSING
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director of FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt18Assistant Director of FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt19NURSE
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIR. OF ACCTS OF REC.
IRS990/Form990PartVIISectionAGrp/TitleTxt21NURSE
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IRS990/MissionDesc0AMSTERDAM NURSING HOME CORP. (1992) (AMSTERDAM) WAS FOUNDED IN 1872 TO PROVIDE A HOME FOR OLD MEN AND AGED COUPLES; AMSTERDAM IS A 409 BED SKILLED NURSING FACILITY (SNF) AND A 40 REGISTRANT ADULT DAY HEALTH CARE (ADHC) PROVIDING LONG AND SHORT TERM RESIDENTIAL CARE, AS WELL AS DAY CARE, TO PERSONS LIVING IN THE COMMUNITY. AMSTERDAM'S MISSION IS TO PROVIDE THE HIGHEST STANDARD OF HEALTH CARE TO ITS RESIDENTS, PATIENTS AND DAY HEALTH CARE REGISTRANTS. AMSTERDAM IS PROUD TO OFFER INDIVIDUALIZED CARE IN A SETTING THAT SUPPORTS THE QUALITY OF LIFE, DIGNIT AND AUTONOMY OF EACH PERSON THAT IT SERVES.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$88.6$42.7$45.9$85.5$69.7$15.9
2023Detailed filing. Detailed filing data is available for this year.$76.3$46.1$30.3$80.6$62.5$18.2
2022Detailed filing. Detailed filing data is available for this year.$74.5$62.5$12.0$67.2$63.5$3.66
2021Detailed filing. Detailed filing data is available for this year.$69.7$61.3$8.39$65.3$63.1$2.26
2020Detailed filing. Detailed filing data is available for this year.$58.6$45.3$13.3$57.8$59.8$2.00
2019Detailed filing. Detailed filing data is available for this year.$62.0$46.8$15.2$67.7$67.4$0.24
2018Detailed filing. Detailed filing data is available for this year.$58.3$40.9$17.3$66.4$65.6$0.84
2017Detailed filing. Detailed filing data is available for this year.$59.4$42.9$16.5$61.9$61.8$0.02
2016Detailed filing. Detailed filing data is available for this year.$60.9$44.4$16.5$64.6$63.6$0.96
2015Detailed filing. Detailed filing data is available for this year.$62.3$46.8$15.5$62.6$60.5$2.08
2014Detailed filing. Detailed filing data is available for this year.$61.5$48.1$13.4$59.7$57.6$2.14
2013Detailed filing. Detailed filing data is available for this year.$61.9$50.6$11.3$57.9$57.2$0.77
2012Summary only. Only limited summary data is available for this year.$54.8$44.3$10.5$61.2$56.0$5.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.8$44.5$5.38$56.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.9$45.3$6.59$58.2