Civic Intelligence

Saint Joachim & Anne Nursing and Rehabilitation Center

990 • Fiscal year 2020 • EIN 22-2943712

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 22, 2021

2720 Surf AvenueBrooklyn, NY 11224

(718) 714-4800

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.73x

Higher debt load relative to assets than 83% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

70th percentile

0.61x

Higher debt load relative to revenue than 70% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

26th percentile

-4.0%

Higher net margin than 26% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

82nd percentile

$322,195

Higher top officer pay than 82% of similar nonprofits.

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

5th percentile

-12%

Faster asset growth than 5% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

28th percentile

-8.9%

Faster revenue growth than 28% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Down

$20,351,223

Down $2,820,429 (-12%) from 2019

Net Assets

Down

$5,476,673

Down $979,959 (-15%) from 2019

Liabilities

Down

$14,874,550

Down $1,840,470 (-11%) from 2019

Revenue

Down

$24,235,644

Down $2,369,849 (-8.9%) from 2019

Expenses

Down

$25,215,603

Down $814,478 (-3.1%) from 2019

Net Income

Down

-$979,959

Down $1,555,371 (-270%) from 2019

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2010: $28,170,628Liabilities 2010: $27,992,102Net Assets 2010: $178,5262010Assets 2011: $26,548,520Liabilities 2011: $26,016,526Net Assets 2011: $531,9942011Assets 2012: $25,585,829Liabilities 2012: $24,001,109Net Assets 2012: $1,584,7202012Assets 2013: $26,057,484Liabilities 2013: $23,995,268Net Assets 2013: $2,062,2162013Assets 2014: $25,572,523Liabilities 2014: $23,017,978Net Assets 2014: $2,554,5452014Assets 2015: $26,175,010Liabilities 2015: $19,457,291Net Assets 2015: $6,717,7192015Assets 2016: $26,367,674Liabilities 2016: $18,946,935Net Assets 2016: $7,420,7392016Assets 2017: $23,920,303Liabilities 2017: $16,920,373Net Assets 2017: $6,999,9302017Assets 2018: $23,877,917Liabilities 2018: $17,996,697Net Assets 2018: $5,881,2202018Assets 2019: $23,171,652Liabilities 2019: $16,715,020Net Assets 2019: $6,456,6322019Assets 2020: $20,351,223Liabilities 2020: $14,874,550Net Assets 2020: $5,476,6732020Assets 2021: $21,932,307Liabilities 2021: $16,339,461Net Assets 2021: $5,592,8462021Assets 2022: $23,627,350Liabilities 2022: $17,356,026Net Assets 2022: $6,271,3242022Assets 2023: $20,232,657Liabilities 2023: $16,677,966Net Assets 2023: $3,554,6912023Assets 2024: $22,728,178Liabilities 2024: $25,649,823Net Assets 2024: -$2,921,6452024

Highlighted filing

2020

Assets$20,351,223
Liabilities$14,874,550
Net Assets$5,476,673

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $24,203,2112010Revenue 2011: $25,361,544Expenses 2011: $25,008,076Net Income 2011: $353,4682011Expenses 2012: $25,016,7922012Revenue 2013: $26,326,531Expenses 2013: $25,849,035Net Income 2013: $477,4962013Revenue 2014: $24,341,587Expenses 2014: $23,849,258Net Income 2014: $492,3292014Revenue 2015: $28,087,081Expenses 2015: $23,923,907Net Income 2015: $4,163,1742015Revenue 2016: $25,620,020Expenses 2016: $24,917,000Net Income 2016: $703,0202016Revenue 2017: $23,454,484Expenses 2017: $23,875,293Net Income 2017: -$420,8092017Revenue 2018: $24,882,729Expenses 2018: $26,001,439Net Income 2018: -$1,118,7102018Revenue 2019: $26,605,493Expenses 2019: $26,030,081Net Income 2019: $575,4122019Revenue 2020: $24,235,644Expenses 2020: $25,215,603Net Income 2020: -$979,9592020Revenue 2021: $21,727,723Expenses 2021: $21,611,550Net Income 2021: $116,1732021Revenue 2022: $22,955,450Expenses 2022: $22,276,972Net Income 2022: $678,4782022Revenue 2023: $24,044,750Expenses 2023: $26,761,383Net Income 2023: -$2,716,6332023Revenue 2024: $27,110,444Expenses 2024: $27,577,857Net Income 2024: -$467,4132024

Highlighted filing

2020

Revenue$24,235,644
Expenses$25,215,603
Net Income-$979,959
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 22, 2021
Return Version
2020v4.1
Gross Receipts
$24,235,644
Mission and Program Overview

Mission

Operates a 200 bed skilled nursing facility

Operates a 200 bed skilled nursing facility addressing the medical, physical, emotional, & pastotial needs of the facilities residents

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$17,038,897$15,820,507▼ $1,218,390
Accounts Receivable$2,490,114$2,184,129▼ $305,985
Savings and Temporary Cash Investments$2,487,530$1,440,496▼ $1,047,034
Prepaid Expenses and Deferred Charges$251,582$555,992▲ $304,410
Cash and Non-Interest-Bearing Accounts$903,529$350,099▼ $553,430
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 Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$23,171,652$20,351,223▼ $2,820,429
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,850,768$10,594,979▼ $1,255,789
Accounts Payable and Accrued Expenses$3,498,498$1,990,964▼ $1,507,534
Deferred Revenue$350,000$1,152,016▲ $802,016
Other Liabilities$777,981$1,136,591▲ $358,610
Escrow Account Liability$237,773$0▼ $237,773
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$16,715,020$14,874,550▼ $1,840,470
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,434,480$5,454,521▼ $979,959
Net Assets With Donor Restrictions$22,152$22,152→ $0
Total Net Assets Fund Balance$6,456,632$5,476,673▼ $979,959
Total Liabilities and Net Assets / Fund Balance$23,171,652$20,351,223▼ $2,820,429

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,771,088$27,302,723$39,073,811
Land$3,742,550-$3,742,550
Equipment$306,869$2,622,444$2,929,313
Other Land Buildings-$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisa Schiano DenisExecutive Director Thru 10/2020FT$202,045$24,519$226,564
Paula NobleDirector of NursingFT$153,304$25,883$179,187
Jacqueline SampsonRegistered Nurse IFT$129,884$2,700$132,584
Abolade OdumosuLicensed Practical NurseFT$120,767-$120,767
Alfiya KhasanovaRegistered NurseFT$120,483-$120,483
Evet RossAsst. Director of NursingFT$115,326-$115,326
Patrick J KeatingDeputy CEO--$48,077$48,077
Monsignor Alfred LopintoCEO--$43,499$43,499
Aaron SchwartzExecutive Director as of 10/2020FT$37,581-$37,581

Board Members and Trustees

NameTitle
Louis RussoPresident
Anthony Sossi MdVice President
Anthony B StumboDirector
Broughan GoreyDirector
Rev Charles CaccavaleDirector
Alan WolinetzCFO
Emmie Glynn RyanChief of Staff
Mary ThompsonSecretary
Salvatore MonacoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Lenco Diagnostic Laboratories INClaboratory services1857 86th street, Brooklyn, NY 11214$378,200
Fdr Services Corp Of New YorkCleaning Services44 Newman Court, Hemstead, NY 11550$303,049
Dome International INCMedical Supplies24 15th Street, Brooklyn, NY 11215$301,013
Medline Industries INCMedical SuppliesPO Box 382075, Pittsburgh, PA 60093$214,092
Restorative Care PtpConsultants8 Hewitt Ave, Staten Island, NY 10301$164,775
Revenue and Support

Revenue Composition

Contributions and Grants
$1,421,436
Program Service Revenue
$22,789,868
Investment Income
$13,253
Other Revenue
$11,087
All Other Contributions
$991
Change in Net Assets
$-979,959

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,235,644
Total Revenue per Audited Statements
$24,235,644
Total Revenue per Form 990
$24,235,644
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$16,130,949
Other Expenses$9,084,654
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,281,650$574,306-$10,855,956
Other Employee Benefits$2,416,655$796,544-$3,213,199
Fees for Services Other$2,128,513$113,968$0$2,242,481
Payroll Taxes$1,010,683$332,648-$1,343,331
Depreciation Depletion$1,155,851$125,374-$1,281,225
Insurance$539,955$219,257-$759,212
Occupancy$422,582$45,837-$468,419
Pension Plan Contributions$341,613$112,706-$454,319
Interest-$407,485-$407,485
Office Expenses$297,233$84,996-$382,229
Other Expenses$203,890$69,754-$273,644
Current Officers, Directors, Trustees, and Key Employees$210,218$53,926-$264,144
All Other Expenses$105,164$33,949-$139,113
Fees for Services Accounting-$119,235-$119,235
Fees for Services Legal-$98,034-$98,034
Travel$13,881$4,749-$18,630
Advertising$8,399$2,155-$10,554
Total Functional Expenses$21,669,544$3,546,059$0$25,215,603

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$25,215,603
Total Expenses per Audited Statements$25,215,603
Total Expenses per Form 990$25,215,603
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
No
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
Refunds Due to Residents$419,733
Due to Third Party Payors$354,523
Patient Fund$178,776
Other Liabilities$99,143
Due to Affiliates$84,416
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, PART VI, SECTION B, LINE 11B:

Form 990 is prepared by an independent accountant and is reviewed by management. It is then sent to board members in advance of a meeting for review and approval, prior to filing w1th the irs.

FORM 990, PART VI, SECTION B, LINE 12C:

The board members annually verify that they are in compliance with the conflict of interest policy. Signed conflict of interest statements are received from board memebers and reviewed by the board chair annually. Form 990, part vi, section b, line 15a: the organization has an executive compensation committe that reviews the performance of executive officers, and establishes the compensation of the ceo, executive director, key employees, and other senior executive positions. This committee is comprised of independent members of the board of directors. Comparison of actual performance against pre-established goals, comparibility of compensation paid to executive officers by other not-for-profit organizations of like sized and geographic location, and various other operational data are considered in the compensation evaluation process. Any compensation determinations are then documented in the minutes of the committee. Form 990, part vi, section b, line 15b: the organization does not compensate other officers and directors reported on part vii of the form 990. The four officers and directors reported with compensation are paid by the related organization, catholic charities diocese of brooklyn. The related organization has an executive compensation committe that reviews the performance of executive officers, and establishes the compensation of the ceo, executive director, key employees, and other senior executive positions. This committee is comprised of independent members of the board of directors. Comparison of actual performance against pre-established goals, comparibility of compensation paid to executive officers by other not-for-profit organizations of like sized and geographic location, and various other operational data are considered in the compensation evaluation process. Any compensation determinations are then documented in the minutes of the committee.

FORM 990, PART VI, SECTION C, LINE 19:

The governing documents, conflict of interest policy and financial statements are maintained in the executive management office and are available upon request or by scheduled appointment.

Filing and Contact Details

Filer

Filer Name
Saints Joachim & Anne Nursing &
EIN
22-2943712
In Care Of
% ALAN WOLINETZ
Phone
7187144800
Address
2720 Surf Avenue, Brooklyn, NY 11224

Signing Officer

Name
Alan Wolinetz
Title
CFO
Phone
7187226000
Signed
2021-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alan Wolinetz
Formed
1988
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
7
Employees
248
Volunteers
7

Preparer

Firm
Bdo USA Llp
Address
100 PARK AVENUE, NEW YORK, NY 10017-5001
Preparer
Kristin Ruffini
Phone
2128858000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The oversight process or selection process has not changed from the prior year.

Financial Statement Notes

PART IV, LINE 2B:

The escrow liability represents funds held for residents by the organization.

PART X, LINE 2:

Saints joachim & anne nursing & rehabilitation center has not taken an unsubstantiated tax position that would require provision of a liability under u.s. Gaap. Under u.s. Gaap, an organization must recognize the tax liabilities associated with tax positions taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination. The center does not believe there are any material uncertain tax positions and, accordingly, has not recognized any liability for unrecognized tax benefits as of december 31, 2020. The center has filed internal revenue service (irs) form 990 tax returns, as required, and all other applicable returns in jurisdictions where it is required. For the year ended december 31, 2020, there were no interest or penalties recorded or included in the accompanying financial statements.

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IRS990/Form990PartVIISectionAGrp/PersonNm16BROUGHAN GOREY
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHIEF OF STAFF
IRS990/Form990PartVIISectionAGrp/TitleTxt1CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE DIR. THRU 10/2020
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR OF NURSING
IRS990/Form990PartVIISectionAGrp/TitleTxt4REGISTERED NURSE I
IRS990/Form990PartVIISectionAGrp/TitleTxt5LICENSED PRACTICAL NURSE
IRS990/Form990PartVIISectionAGrp/TitleTxt6REGISTERED NURSE
IRS990/Form990PartVIISectionAGrp/TitleTxt7Asst. Director of Nursing
IRS990/Form990PartVIISectionAGrp/TitleTxt8DEPUTY CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10Executive Dir. as of 10/2020
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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IRS990/MissionDesc0OPERATES A 200 BED SKILLED NURSING FACILITY ADDRESSING THE MEDICAL, PHYSICAL, EMOTIONAL, & PASTOTIAL NEEDS OF THE FACILITIES RESIDENTS.
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IRS990/OtherExpensesGrp/Desc2FOOD
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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.$22.7$25.6$2.92$27.1$27.6$0.47
2023Detailed filing. Detailed filing data is available for this year.$20.2$16.7$3.55$24.0$26.8$2.72
2022Detailed filing. Detailed filing data is available for this year.$23.6$17.4$6.27$23.0$22.3$0.68
2021Detailed filing. Detailed filing data is available for this year.$21.9$16.3$5.59$21.7$21.6$0.12
2020Detailed filing. Detailed filing data is available for this year.$20.4$14.9$5.48$24.2$25.2$0.98
2019Detailed filing. Detailed filing data is available for this year.$23.2$16.7$6.46$26.6$26.0$0.58
2018Detailed filing. Detailed filing data is available for this year.$23.9$18.0$5.88$24.9$26.0$1.12
2017Detailed filing. Detailed filing data is available for this year.$23.9$16.9$7.00$23.5$23.9$0.42
2016Detailed filing. Detailed filing data is available for this year.$26.4$18.9$7.42$25.6$24.9$0.70
2015Detailed filing. Detailed filing data is available for this year.$26.2$19.5$6.72$28.1$23.9$4.16
2014Detailed filing. Detailed filing data is available for this year.$25.6$23.0$2.55$24.3$23.8$0.49
2013Detailed filing. Detailed filing data is available for this year.$26.1$24.0$2.06$26.3$25.8$0.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.6$24.0$1.58$25.0
2011Summary only. Only limited summary data is available for this year.$26.5$26.0$0.53$25.4$25.0$0.35
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.2$28.0$0.18$24.2