Civic Intelligence

Margaretville Nursing Home Inc

EIN 22-3143565 • 501(c)3 • Margaretville, NY

Profile

Margaretville nursing home, inc. D/b/a mountainside residential care center is a corporation organized under the not-for-profit corporation law of new york state which operates an 82 bed tax exempt long-term care facility organized to serve the aged, disabled and chronically impaired persons.

42158 State Highway 28Margaretville, NY 12455

www.hahv.org/ASSISTED-LIVING.ASPX

Siviq Scores

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

Liabilities / Assets

89th percentile

1.49x

Higher debt load relative to assets than 89% of similar nonprofits.

NTEE E • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

1.24x

Higher debt load relative to revenue than 85% of similar nonprofits.

NTEE E • $5M-$10M nonprofits • Source year 2024

Net Margin

7th percentile

-104%

Higher net margin than 7% of similar nonprofits.

NTEE E • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

81st percentile

$1,262,969

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 23.6% of source-year revenue.

NTEE E • $5M-$10M nonprofits • Source year 2024

Asset Growth

73rd percentile

19%

Faster asset growth than 73% of similar nonprofits.

NTEE E • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

86th percentile

46%

Faster revenue growth than 86% of similar nonprofits.

NTEE E • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,453,009

Up $718,802 (+19%) from 2023

Liabilities

Up

$6,640,720

Up $638,660 (+11%) from 2023

Net Assets

Up

-$2,187,711

Up $80,142 (+3.5%) from 2023

Revenue

Up

$5,341,106

Up $1,681,627 (+46%) from 2023

Expenses

Up

$10,905,987

Up $1,415,191 (+15%) from 2023

Net Income

Up

-$5,564,881

Up $266,436 (+4.6%) from 2023

Trend Graphs

Balance Sheet Trend

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

$20M$10M$0-$10M-$20MAssets 2010: $6,420,369Liabilities 2010: $7,123,283Net Assets 2010: -$702,9142010Assets 2011: $6,060,110Liabilities 2011: $7,046,776Net Assets 2011: -$986,6662011Assets 2012: $6,259,964Liabilities 2012: $7,519,583Net Assets 2012: -$1,259,6192012Assets 2013: $6,300,578Liabilities 2013: $7,806,335Net Assets 2013: -$1,505,7572013Assets 2014: $5,397,668Liabilities 2014: $7,564,762Net Assets 2014: -$2,167,0942014Assets 2015: $5,502,194Liabilities 2015: $8,754,186Net Assets 2015: -$3,251,9922015Assets 2016: $5,210,356Liabilities 2016: $9,627,456Net Assets 2016: -$4,417,1002016Assets 2017: $4,679,001Liabilities 2017: $10,052,850Net Assets 2017: -$5,373,8492017Assets 2018: $4,367,477Liabilities 2018: $11,110,888Net Assets 2018: -$6,743,4112018Assets 2019: $4,587,148Liabilities 2019: $13,209,894Net Assets 2019: -$8,622,7462019Assets 2020: $5,992,369Liabilities 2020: $15,309,283Net Assets 2020: -$9,316,9142020Assets 2021: $4,523,054Liabilities 2021: $16,820,717Net Assets 2021: -$12,297,6632021Assets 2022: $3,923,923Liabilities 2022: $5,277,578Net Assets 2022: -$1,353,6552022Assets 2023: $3,734,207Liabilities 2023: $6,002,060Net Assets 2023: -$2,267,8532023Assets 2024: $4,453,009Liabilities 2024: $6,640,720Net Assets 2024: -$2,187,7112024

Highlighted filing

2024

Assets$4,453,009
Liabilities$6,640,720
Net Assets-$2,187,711

Operations Trend

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

$15M$10M$5.0M$0-$5.0M-$10MExpenses 2010: $6,314,1952010Expenses 2011: $6,522,9122011Expenses 2012: $6,816,1342012Revenue 2013: $6,748,996Expenses 2013: $6,995,134Net Income 2013: -$246,1382013Revenue 2014: $6,349,766Expenses 2014: $7,011,103Net Income 2014: -$661,3372014Revenue 2015: $6,203,989Expenses 2015: $7,274,657Net Income 2015: -$1,070,6682015Revenue 2016: $6,186,041Expenses 2016: $7,290,618Net Income 2016: -$1,104,5772016Revenue 2017: $6,781,574Expenses 2017: $7,738,323Net Income 2017: -$956,7492017Revenue 2018: $6,870,798Expenses 2018: $8,240,360Net Income 2018: -$1,369,5622018Revenue 2019: $6,874,832Expenses 2019: $8,754,167Net Income 2019: -$1,879,3352019Revenue 2020: $7,428,074Expenses 2020: $8,122,242Net Income 2020: -$694,1682020Revenue 2021: $6,237,023Expenses 2021: $9,217,772Net Income 2021: -$2,980,7492021Revenue 2022: $4,496,368Expenses 2022: $10,880,776Net Income 2022: -$6,384,4082022Revenue 2023: $3,659,479Expenses 2023: $9,490,796Net Income 2023: -$5,831,3172023Revenue 2024: $5,341,106Expenses 2024: $10,905,987Net Income 2024: -$5,564,8812024

Highlighted filing

2024

Revenue$5,341,106
Expenses$10,905,987
Net Income-$5,564,881

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.45$6.64$2.19$5.34$10.9$5.56
2023Detailed filing. Detailed filing data is available for this year.$3.73$6.00$2.27$3.66$9.49$5.83
2022Detailed filing. Detailed filing data is available for this year.$3.92$5.28$1.35$4.50$10.9$6.38
2021Detailed filing. Detailed filing data is available for this year.$4.52$16.8$12.3$6.24$9.22$2.98
2020Detailed filing. Detailed filing data is available for this year.$5.99$15.3$9.32$7.43$8.12$0.69
2019Detailed filing. Detailed filing data is available for this year.$4.59$13.2$8.62$6.87$8.75$1.88
2018Detailed filing. Detailed filing data is available for this year.$4.37$11.1$6.74$6.87$8.24$1.37
2017Detailed filing. Detailed filing data is available for this year.$4.68$10.1$5.37$6.78$7.74$0.96
2016Detailed filing. Detailed filing data is available for this year.$5.21$9.63$4.42$6.19$7.29$1.10
2015Detailed filing. Detailed filing data is available for this year.$5.50$8.75$3.25$6.20$7.27$1.07
2014Detailed filing. Detailed filing data is available for this year.$5.40$7.56$2.17$6.35$7.01$0.66
2013Detailed filing. Detailed filing data is available for this year.$6.30$7.81$1.51$6.75$7.00$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.26$7.52$1.26$6.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.06$7.05$0.99$6.52
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.42$7.12$0.70$6.31
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.1
Gross Receipts
$5,341,106
Mission and Program Overview

Mission

Margaretville nursing home, inc., d/b/a mountainside residential care center, is an 82-bed long-term care facility sponsored by margaretville memorial hospital, inc., a not-for-profit corporation that operates an adjoining acute care hospital.

To operate a long-term care facility organized to serve the aged, disabled and chronically impaired persons of the community we serve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$991,152$1,024,745▲ $33,593
Accounts Receivable$127,171$494,745▲ $367,574
Savings and Temporary Cash Investments$143,711$325,324▲ $181,613
Cash and Non-Interest-Bearing Accounts$8,387$175,791▲ $167,404
Inventories for Sale or Use$13,687$15,319▲ $1,632
Prepaid Expenses and Deferred Charges$31,646$14,829▼ $16,817
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$3,734,207$4,453,009▲ $718,802
Other Assets Total$2,418,453$2,402,256▼ $16,197
Liabilities
Other Liabilities$1,331,078$2,505,188▲ $1,174,110
Mortgage Notes Payable Secured by Investment Property$2,424,256$2,271,427▼ $152,829
Accounts Payable and Accrued Expenses$2,246,726$1,864,105▼ $382,621
Total Liabilities$6,002,060$6,640,720▲ $638,660
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,267,853$-2,187,711▲ $80,142
Total Net Assets Fund Balance$-2,267,853$-2,187,711▲ $80,142
Total Liabilities and Net Assets / Fund Balance$3,734,207$4,453,009▲ $718,802

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$766,184$6,952,118$7,718,302
Equipment$219,431$1,796,820$2,016,251
Other Land Buildings$12,976$132,835$145,811
Land$26,154-$26,154
Leasehold Improvements$0$0$0
Other Assets Org$2,402,256--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patricia GonzalezDepartment Head Nursing AdminFT$139,840$32,319$172,159
Jane DemeoRegistered NurseFT$137,153$11,480$148,633
Lynn Wallaesa JamesRegistered NurseFT$122,019$26,286$148,305
Heather GreeneDirector Case ManagementFT$118,675$28,830$147,505
Therese MatosRegistered NurseFT$120,487$24,928$145,415
John EdwardsFacility Administrator (thru 1/24)PT-$31,448$31,448

Board Members and Trustees

NameTitle
Emilie AdamsChair
Dave RamaVice Chair
Frances DavisRegional Vice President, Nurse Executive
Meghan WeygantVice President, Operations (thru 11/2024)
Joshua RatnerCEO (thru 11/2024)/trustee (eff. 11/2024)
Michael HochmanExecutive Director (beg 7/2024)
ARNOLD SchwartzTrustee
Colleen McdanielTrustee
Diana MasonTrustee
Diane MunroTrustee
Fred MarguilesTrustee
Michael CioffiTrustee
Richard SiegelTrustee
Steve FinchTrustee
James HowieTrustee (thru 12/24)
Connie JeffersTrustee (thru 5/2024)
Catherine Allen MdTrustee Ex Officio
Craig SicklerTrustee Ex Officio
Michael Doyle MdCMO
Elissa Waliszewski CHESSARICOO-northern Region
John RiedlSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$16,071
Program Service Revenue
$5,273,321
Investment Income
$6,768
Other Revenue
$44,946
All Other Contributions
$1,000
Change in Net Assets
$-5,564,881

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,327,436
Revenue Not Reported on Financial Statements
$13,670
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$13,670
Total Revenue per Audited Statements
$5,327,436
Total Revenue per Form 990
$5,341,106
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,789,506
Other Expenses$3,116,481
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,544,184$860,480-$6,404,664
Fees for Services Other$850,544$236,090$0$1,086,634
Other Employee Benefits$666,819$222,891-$889,710
Payroll Taxes$316,068$105,356-$421,424
Insurance$0$179,835-$179,835
Office Expenses$15,956$122,364-$138,320
Depreciation Depletion$127,000$0-$127,000
Occupancy$0$126,215-$126,215
Other Expenses$97,481$6,850$0$104,331
Interest$0$84,460-$84,460
Pension Plan Contributions$55,281$18,427-$73,708
Fees for Services Accounting$0$61,500-$61,500
Conferences and Meetings$20,007$439-$20,446
Fees for Services Legal$0$19,353-$19,353
All Other Expenses$13,670$0$0$13,670
Travel$0$4,534-$4,534
Total Functional Expenses$8,278,858$2,627,129$0$10,905,987

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,919,657
Total Expenses per Audited Statements$10,919,657
Total Expenses per Form 990$10,905,987
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-13,670
Other Expense Adjustments$-13,670
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
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
Federal Income Taxes$2,101,899
Resident Deposits$308,984
Due to Related Organizations$94,305
Other Liabilities-
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6 Classes of members or stockholders

Margaretville memorial hospital is the sole corporate member of margaretville nursing home, inc.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

Margaretville memorial hospital is the sole corporate member of margaretville nursing home and has the power to elect one or more members of the local governing body.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

Amendments to the bylaws, as suggested by the governing body, must be expressly approved by margaretville memorial hospital, the sole member, before becoming effective.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The form 990 was prepared by the organization's tax advisors with assistance from the organization's finance department and other departments throughout the organization. The form 990 was reviewed by senior management and then was presented to the finance committee of the sole member's board of directors for review and approval for filing; the finance committee reports out to the sole member's full board.

Form 990, Part VI, Line 12C Conflict of interest policy

The sole member monitors and enforces compliance with the conflict of interest policy by means of a survey developed and approved by the chief compliance officer of the sole member. The survey is sent to all trustees, officers, and key executives for completion. All survey responses are reviewed by the chief compliance officer. Any potential conflicts identified in the responses are discussed with senior management and/or referred to the wmchealth conflicts of interest committee for discussion. Potential actions to be taken in response to a conflict can be one or more of the following: 1) further disclosure of the conflict 2) individual recusal from decisions for transactions where that individual may have a conflict 3) request in writing the individual alleviates the conflict 4) removal of the individual from their position

Form 990, Part VI, Line 19 Required documents available to the public

Governing documents, conflict of interest policy and financial statements are made available to the public upon request.

Form 990, Part VIII, Line 11D Other Miscellaneous Revenue

All other revenue - Total Revenue: 20212, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 20212;

Filing and Contact Details

Filer

Filer Name
Margaretville Nursing Home Inc
EIN
22-3143565
Phone
8459436084
Address
42158 STATE HIGHWAY 28, MARGARETVILLE, NY 12455
Doing Business As
Mountainside Residential Care Center

Signing Officer

Name
Elissa Waliszewski Chessari
Title
COO Northern Region
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
1991
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
12
Employees
91
Volunteers
2

Preparer

Firm
Ernst & Young US Llp
Address
ONE MANHATTAN WEST, NEW YORK, NY 10001-8604
Preparer
Yucen Zhong
Phone
2127733000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

TRANSFER TO HEALTHALLIANCE INC - -750452; TRANSFER TO HA MARYS AVE CAMPUS - -79869; TRANSFER TO MARGARETVILLE HOSPITAL - -246839; TRANSFER TO MARGARETVILLE FOUNDATION - -3089; TRANSFER FROM HEALTHALLIANCE INC - 197709; TRANSFER FROM HA MARYS AVE CAMPUS - 2708732; TRANSFER FROM MARGARETVILLE HOSPITAL - 3818831; Total - 5645023;

Financial Statement Notes

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

BAD DEBT EXPENSE - 13670

Schedule D, Part XII, Line 4(B) Other expenses in form 990 not in audited financial statements

Bad debt expense - -13670

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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/Desc0MARGARETVILLE NURSING HOME, INC. D/B/A MOUNTAINSIDE RESIDENTIAL CARE CENTER IS AN 82-BED LONG-TERM CARE FACILITY SPONSORED BY MARGARETVILLE HOSPITAL, INC., A NOT-FOR-PROFIT CORPORATION THAT OPERATES AN ADJOINING CRITICAL ACCESS HOSPITAL. TOTAL RESIDENT DAYS IN 2024 WERE 19,363 WITH AN AVERAGE OCCUPANCY PERCENTAGE OF 64.5%.
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