Civic Intelligence

Center for Disability Services Holding Corporation

EIN 14-1755337 • 501(c)3 • Albany, NY

Profile

Holding corporation centralized the management and control of all corporations related to the center for disability services and provides long term health care for children and young adults.

314 South Manning BlvdAlbany, NY 12208
Siviq Scores

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

Liabilities / Assets

54th percentile

0.32x

Higher debt load relative to assets than 54% of similar nonprofits.

NTEE P • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

28th percentile

0.14x

Higher debt load relative to revenue than 28% of similar nonprofits.

NTEE P • $25M-$50M nonprofits • Source year 2024

Net Margin

9th percentile

-7.8%

Higher net margin than 9% of similar nonprofits.

NTEE P • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

87th percentile

$509,274

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

NTEE P • $25M-$50M nonprofits • Source year 2024

Asset Growth

23rd percentile

-0.8%

Faster asset growth than 23% of similar nonprofits.

NTEE P • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

58th percentile

11%

Faster revenue growth than 58% of similar nonprofits.

NTEE P • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Down

$16,220,725

Down $127,105 (-0.8%) from 2023

Liabilities

Up

$5,237,185

Up $1,119,089 (+27%) from 2023

Net Assets

Down

$10,983,540

Down $1,246,194 (-10%) from 2023

Revenue

Up

$37,923,142

Up $3,742,462 (+11%) from 2023

Expenses

Up

$40,868,081

Up $3,024,532 (+8.0%) from 2023

Net Income

Up

-$2,944,939

Up $717,930 (+20%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $301,936Liabilities 2011: $301,936Net Assets 2011: $02011Assets 2012: $302,254Liabilities 2012: $302,254Net Assets 2012: $02012Assets 2013: $302,486Liabilities 2013: $302,486Net Assets 2013: $02013Assets 2014: $205,660Liabilities 2014: $205,660Net Assets 2014: $02014Assets 2015: $206,025Liabilities 2015: $206,025Net Assets 2015: $02015Assets 2016: $207,545Liabilities 2016: $207,545Net Assets 2016: $02016Assets 2017: $14,638,977Liabilities 2017: $6,284,297Net Assets 2017: $8,354,6802017Assets 2018: $12,996,761Liabilities 2018: $4,624,736Net Assets 2018: $8,372,0252018Assets 2019: $15,272,272Liabilities 2019: $5,158,001Net Assets 2019: $10,114,2712019Assets 2020: $19,328,884Liabilities 2020: $7,338,629Net Assets 2020: $11,990,2552020Assets 2021: $20,703,768Liabilities 2021: $6,215,470Net Assets 2021: $14,488,2982021Assets 2022: $18,092,615Liabilities 2022: $3,939,990Net Assets 2022: $14,152,6252022Assets 2023: $16,347,830Liabilities 2023: $4,118,096Net Assets 2023: $12,229,7342023Assets 2024: $16,220,725Liabilities 2024: $5,237,185Net Assets 2024: $10,983,5402024

Highlighted filing

2024

Assets$16,220,725
Liabilities$5,237,185
Net Assets$10,983,540

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2011: $8,364,773Expenses 2011: $8,412,881Net Income 2011: -$48,1082011Revenue 2012: $8,394,367Expenses 2012: $8,633,650Net Income 2012: -$239,2832012Revenue 2013: $8,042,915Expenses 2013: $8,352,949Net Income 2013: -$310,0342013Revenue 2014: $9,201,667Expenses 2014: $9,418,962Net Income 2014: -$217,2952014Revenue 2015: $9,973,092Expenses 2015: $9,840,562Net Income 2015: $132,5302015Revenue 2016: $10,181,249Expenses 2016: $10,474,499Net Income 2016: -$293,2502016Revenue 2017: $19,939,753Expenses 2017: $20,685,266Net Income 2017: -$745,5132017Revenue 2018: $30,736,453Expenses 2018: $30,226,312Net Income 2018: $510,1412018Revenue 2019: $29,139,103Expenses 2019: $28,873,348Net Income 2019: $265,7552019Revenue 2020: $32,683,270Expenses 2020: $31,957,738Net Income 2020: $725,5322020Revenue 2021: $33,081,512Expenses 2021: $32,595,839Net Income 2021: $485,6732021Revenue 2022: $36,157,951Expenses 2022: $34,615,710Net Income 2022: $1,542,2412022Revenue 2023: $34,180,680Expenses 2023: $37,843,549Net Income 2023: -$3,662,8692023Revenue 2024: $37,923,142Expenses 2024: $40,868,081Net Income 2024: -$2,944,9392024

Highlighted filing

2024

Revenue$37,923,142
Expenses$40,868,081
Net Income-$2,944,939

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.2$5.24$11.0$37.9$40.9$2.94
2023Summary only. Only limited summary data is available for this year.$16.3$4.12$12.2$34.2$37.8$3.66
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.1$3.94$14.2$36.2$34.6$1.54
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.7$6.22$14.5$33.1$32.6$0.49
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.3$7.34$12.0$32.7$32.0$0.73
2019Summary only. Only limited summary data is available for this year.$15.3$5.16$10.1$29.1$28.9$0.27
2018Summary only. Only limited summary data is available for this year.$13.0$4.62$8.37$30.7$30.2$0.51
2017Summary only. Only limited summary data is available for this year.$14.6$6.28$8.35$19.9$20.7$0.75
2016Summary only. Only limited summary data is available for this year.$0.21$0.21$0.00$10.2$10.5$0.29
2015Summary only. Only limited summary data is available for this year.$0.21$0.21$0.00$9.97$9.84$0.13
2014Summary only. Only limited summary data is available for this year.$0.21$0.21$0.00$9.20$9.42$0.22
2013Summary only. Only limited summary data is available for this year.$0.30$0.30$0.00$8.04$8.35$0.31
2012Summary only. Only limited summary data is available for this year.$0.30$0.30$0.00$8.39$8.63$0.24
2011Summary only. Only limited summary data is available for this year.$0.30$0.30$0.00$8.36$8.41$0.05
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$36,157,951
Mission and Program Overview

Mission

Holding corporation centralized the management and control of all corporations related to the center for disability services and provides long term health care for children and young adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,900,691$9,523,116▼ $377,575
Savings and Temporary Cash Investments$5,140,570$3,003,300▼ $2,137,270
Accounts Receivable$2,910,929$2,959,071▲ $48,142
Investments Other Securities$1,487,544$1,209,714▼ $277,830
Inventories for Sale or Use$229,085$311,379▲ $82,294
Prepaid Expenses and Deferred Charges$50,017$50,028▲ $11
Cash and Non-Interest-Bearing Accounts$448$448→ $0
Total Assets$20,703,768$18,092,615▼ $2,611,153
Other Assets Total$984,484$1,035,559▲ $51,075
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,417,591$2,708,422▼ $1,709,169
Other Liabilities$1,382,302$892,355▼ $489,947
Accounts Payable and Accrued Expenses$251,723$225,978▼ $25,745
Deferred Revenue$163,854$113,235▼ $50,619
Total Liabilities$6,215,470$3,939,990▼ $2,275,480
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,461,757$14,126,084▼ $335,673
Net Assets With Donor Restrictions$26,541$26,541→ $0
Total Net Assets Fund Balance$14,488,298$14,152,625▼ $335,673
Total Liabilities and Net Assets / Fund Balance$20,703,768$18,092,615▼ $2,611,153

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,493,816$11,325,471$19,819,287
Equipment$834,361$3,225,603$4,059,964
Other Land Buildings$68,197$558,997$627,194
Land$126,742-$126,742
Other Assets Org$130,979--
Other Securities$1,209,714--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregory J SorrentinoPresident anPT$57,664$342,505$400,169
Brian T CreginCOO/treasurePT$29,880$178,184$208,064
Gregory J SorrentinoPresident and CEO-$56,270$3,999$60,269
Marc a Antonucci EsqSecretaryPT$37,790$403$38,193
Brian T CreginCOO/treasurer-$28,517$3,183$31,700

Board Members and Trustees

NameTitle
James Morris IvChairperson
Jeffery M KilleenPast Chairpe
Milton C Hall Iii CluPast Chairpe
Charles D PinckneyVice Chairpe
Cathryn DoyleBoard Member
Douglas MillerBoard Member
Edward J Trombly EsqBoard Member
Fredric L BodnerBoard Member
George Hearst IiiBoard Member
James P ColemanBoard Member
Joseph BarberaBoard Member
Karen PassBoard Member
Kenneth B Claflin CPABoard Member
MAUREEN O'BRIENBoard Member
Piel a PavlinBoard Member
Robert C Miller EsqBoard Member
Robert D CloreBoard Member
Robert R CrandallBoard Member
Rosemarie V RosenBoard Member
Rosemary TucciBoard Member
Stanley GeeBoard Member
TERENCE P O'CONNOR ESQBoard Member
William RichmondBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$22,145,725
Investment Income
$222,955
Other Revenue
$13,789,271
Change in Net Assets
$1,542,241
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$17,666,057
Other Expenses$16,949,653
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$8,123,635$6,735,011-$14,858,646
Fees for Services Other$6,246,204$514,465-$6,760,669
Information Technology$51,487$1,366,655-$1,418,142
Payroll Taxes$794,544$547,361-$1,341,905
Depreciation Depletion$860,994$226,956-$1,087,950
Other Employee Benefits$422,662$494,367-$917,029
Insurance$48,118$634,538-$682,656
Other Expenses$601,309$1,002-$602,311
Interest$290,593$139,049-$429,642
Pension Plan Contributions$182,905$239,939-$422,844
All Other Expenses$291,943$124,959-$416,902
Occupancy$281,018$95,902-$376,920
Fees for Services Legal$200,842$18,912-$219,754
Fees for Services Accounting$19,988$169,615-$189,603
Current Officers, Directors, Trustees, and Key Employees-$125,633-$125,633
Office Expenses$20,323$92,377-$112,700
Advertising$12,496$51,020-$63,516
Conferences and Meetings$10,477$1,843-$12,320
Travel$678$9,064-$9,742
Fees for Services Lobbying$1,100--$1,100
Total Functional Expenses$23,021,502$11,594,208$0$34,615,710
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Entities$892,355
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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, Page 6, Part VI, Line 11B

Copies of the draft form 990 were made available to all members of the governing body for their review and comments prior to the finalization of the return.

Form 990, Page 6, Part VI, Line 12C

All officers and key employees file an annual report of compliance with the conflict of interest policy disclosing any conflicts that may exist. Individuals with an existence or appearance of conflict recuse themselves from the deliberative and decision-making processes in respect of matters affected.

Form 990, Page 6, Part VI, Line 15A

Compensation and benefits for the ceo are determined by the exclusive vote of the independent members of the governing body, which takes into account comparability data from similar organizations in the region. Deliberations of the governing body on these issues are contemporaneously documented.

Form 990, Page 6, Part VI, Line 19

Audited financial statements of the organization are filed with the nys charities bureau and are available to the public at the bureau's website.

Filing and Contact Details

Filer

Filer Name
Center for Disability Services
EIN
14-1755337
Phone
5189442109
Address
314 SOUTH MANNING BLVD, ALBANY, NY 12208

Signing Officer

Name
Brian T Cregin
Title
COO/treasurer
Phone
5189442104
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory J Sorrentino
Formed
1992
Legal Domicile
Ny
Voting Board Members
23
Independent Board Members
23
Employees
0

Preparer

Firm
Center for Disabilty Services
Address
314 S MANNING BLVD, ALBANY, NY 12208
Preparer
Center for Disability Services
Phone
5184375891
Supplemental Narrative

Additional Explanations

Form 990

St. Margaret's center received 739,289 of covid-19 test kits from the new york state department of health during 2022. This amount has been excluded from line 4a on the form 990. These amounts were reported as both revenue and expense within the audited financial statements.

Form 990, Part IX, Line 11G

6,246,204 514,465 0

Form 990, Part XI, Line 9

Unrecognized net gain on derivitives 343,974 gain on disposal of prop & equip 3,200 inkind inventory 112,907 total 460,081

Form 990, Part XII

Line 2c - change in financial review process audit committee procedures with respect to the review and oversight of the annual audit of financial statements and the appointment of the independent accountant have not changed from prior year.

Financial Statement Notes

Schedule D, Page 3, Part X

The center (and related entities) follow guidance issued by fasb regarding accounting for uncertainty in income taxes. This guidance clarifies the accounting for income taxes by prescribing the minimum recognition threshold an income tax position is required to meet before being recognized in the financial statements and applies to all income tax positions. Each income tax position is assessed using a two-step process. A determination is first made as to whether it is more likely than not that the income tax position will be sustained, based upon technical merits, upon examination by the taxing authorities. If the income tax position is expected to meet the more likely than not criteria, the benefit recorded in the financial statements equals the largest amount that is greater than 50% likely to be realized upon its ultimate settlement. The income tax position taken by the not-for-profit entities of the center is that these entities continue to be exempt from income taxes by virtue of their tax exempt status. Management believes this tax position meets the more likely than not threshold and, accordingly, the tax benefit of this income tax position (no income tax expense or liability) has been recognized for the years ended on or before december 31, 2022. None of the center's and its related entities federal or state income tax returns is currently under examination by the internal revenue service ("irs") or state authorities. However, fiscal year 2019 and later remain subject to examination by irs and respective state authorities.

Raw XML AppendixShowing 400 of 808 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/ActivityOrMissionDesc0HOLDING CORPORATION CENTRALIZED THE MANAGEMENT AND CONTROL OF ALL CORPORATIONS RELATED TO THE CENTER FOR DISABILITY SERVICES AND PROVIDES LONG TERM HEALTH CARE FOR CHILDREN AND YOUNG ADULTS.
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IRS990/Desc0ST. MARGARET'S CENTER IS A LONG-TERM CARE SKILLED NURSING FACILITY THAT PROVIDES 24-HOUR PER DAY MEDICAL, NURSING, VENTILATOR AND THERAPY SERVICES WHILE SUPPORTING AN INDIVIDUAL'S QUALTIY OF LIFE. THE CARE IS SPECIALIZED TO CHILDREN AND YOUNG ADULTS BEGINNING AS YOUNG AS BIRTH. THE MAJORITY OF THE RESIDENTS ARE MEDICALLY FRAGILE AND THEY HAVE MULTIPLE DISABILITIES AND CONGNITIVE IMPAIRMENTS. ST. MARGARET'S CENTER PROVIDES LONG-TERM CARE SERVICES AND OFFERS 72 PEDIATRIC, 20 YOUNG ADULT, AND 2 SHORT TERM RESPITE BEDS. ST. MARGARET'S CENTER IS PRIMARILY FUNDED BY NYS MEDICAID.
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