Civic Intelligence

Hudson Regional Ltc Pharmacy Inc

EIN 27-3970005 • 501(c)3 • Middletown, NY

Profile

Hudson regional ltc pharmacy, inc. Was formed to serve individuals living with developmental, physical or psychiatric disabilities or economically disadvantaged individuals who are eligible to receive medicaid or both medicaid and medicare reimbursement for such products and services; or who do not receive such reimbursement, such that the products and services may be provided at no-cost or a reduced-cost, as funds permit (collectively referred to herein as "consumers") and to improve the quality of care and management of institutional pharmaceutical usage by and risk to consumers by providing information to persons and entities serving such consumers regarding quality assurance best practices and protocols, and changes and amendments to regulations affecting the specialized situation of the consumers served in addition to assistance with changing compliance requirements and available products within the pharmaceutical industry.

280 Route 211 E No 112Middletown, NY 10940

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2017

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

1st percentile

-355085%

Higher net margin than 1% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

100th percentile

$173,442

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$0

Down $800,161 (-100%) from 2016

Liabilities

Down

$0

Down $22,524 (-100%) from 2016

Net Assets

Down

$0

Down $777,637 (-100%) from 2016

Revenue

Down

$219

Down $4,811,953 (-100%) from 2016

Expenses

Down

$777,856

Down $3,145,964 (-80%) from 2016

Net Income

Down

-$777,637

Down $1,665,989 (-188%) from 2016

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2014: $2,339,749Liabilities 2014: $2,750,271Net Assets 2014: -$410,5222014Assets 2015: $2,900,118Liabilities 2015: $3,010,833Net Assets 2015: -$110,7152015Assets 2016: $800,161Liabilities 2016: $22,524Net Assets 2016: $777,6372016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2017

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $2,647,488Expenses 2014: $2,888,368Net Income 2014: -$240,8802014Revenue 2015: $3,231,538Expenses 2015: $2,913,735Net Income 2015: $317,8032015Revenue 2016: $4,812,172Expenses 2016: $3,923,820Net Income 2016: $888,3522016Revenue 2017: $219Expenses 2017: $777,856Net Income 2017: -$777,6372017

Highlighted filing

2017

Revenue$219
Expenses$777,856
Net Income-$777,637

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 6, 2018
Return Version
2017v2.2
Gross Receipts
$219
Mission and Program Overview

Mission

Hudson regional ltc pharmacy, inc. Was formed to serve individualsliving with developmental, physical or psychiatric disabilities oreconomically disadvantaged individuals who are eligible to receivemedicaid or both medicaid and medicare reimbursement for suchproducts and services; or who do not receive such reimbursement, suchthat the products and services may be provided at no-cost or areduced-cost, as funds permit (collectively referred to herein as"consumers") and to improve the quality of care and management ofinstitutional pharmaceutical usage by and risk to consumers byproviding information to persons and entities serving such consumersregarding quality assurance best practices and protocols, and changesand amendments to regulations affecting the specialized situation ofthe consumers served in addition to assistance with changingcompliance requirements and available products within thepharmaceutical industry.

Hudson regional ltc pharmacy, inc. Was formed to serve individuals living with developmental, physical or psychiatric disabilities or economically disadvantaged individuals who are eligible to receive medicaid or both medicaid and medicare reimbursement for such products and services; or who do not receive such reimbursement, such that the products and services may be provided at no-cost or a reduced-cost, as funds permit (collectively referred to herein as "consumers") and to improve the quality of care and management of institutional pharmaceutical usage by and risk to consumers by providing information to persons and entities serving such consumers regarding quality assurance best practices and protocols, and changes and amendments to regulations affecting the specialized situation of the consumers served in addition to assistance with changing compliance requirements and available products within the pharmaceutical industry.

Program Services

DescriptionGrantsExpenses
TO PROMOTE THE HEALTH AND WELFARE OF INDIVIDUALS WITH DISABILITIES BY PROVIDING LOW COST OR NO COST DRUGS TO HELP THEM OBTAIN NEEDED PRESCRIPTIONS. IN SEPTEMBER 2016, THE PHARMACY WAS SOLD TO AN UNRELATED ORGANIZATION AND THE PHARMACY CEASED OPERATIONS. IN 2017, THE PHARMACY MADE FOUR LIQUIDATING GRANTS TO DISSOLVE THE ORGANIZATION.$742,894$742,894
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
GREGORY ZALEWSKIController-$3,610-$3,610
A JAMES FORBES JRPresident-$0--
WILLIAM J SAMMISTreasurer-$0--
J RICHARD SCHWARTZSecretary-$0--
HENRY VRIESEMADirector-$0--
PHILIP BORKODirector-$0--
GARY K FOXDirector-$0--
STEVEN D DROBYSHDirector-$0--
MARIANNE GOLDMANDirector-$0--
BETH JAN POSTDirector-$0--
Filing and Contact Details

Filer

Filer Name
Hudson Regional Ltc Pharmacy Inc
EIN
27-3970005
Phone
8453412700
Address
280 ROUTE 211 E NO 112, MIDDLETOWN, NY 10940

Signing Officer

Name
A James Forbes Jr
Title
President
Phone
8453412700
Signed
2018-04-06
Discuss with paid preparer
Yes

Preparer

Firm
PKF O'CONNOR DAVIES LLP
Address
32 FOSTERTOWN ROAD, NEWBURGH, NY 12550
Preparer
Garrett M Higgins
Phone
8455655400
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest revenue. Amount: 219.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: liquidation grant. Grantee name: nhc foundation. Grantee address: route 52, p.o. Box 289 loch sheldrake, ny 12759. Amount given: 185,724.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: liquidation grant. Grantee name: crystal run village foundation, inc.. Grantee address: 601 stony ford road middletown, ny 10941. Amount given: 185,724.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: liquidation grant. Grantee name: nysarc orange county, inc.. Grantee address: 249 broadway newburgh, ny 12550. Amount given: 185,723.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: liquidation grant. Grantee name: sullivan arc foundation. Grantee address: 162 east broadway monticello, ny 12701. Amount given: 185,723. Total included on form 990-ez, line 10: 742,894.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: insurance. Amount: 6,661. Description: bank service charges. Amount: 789. Description: filing fees. Amount: 100. Description: misc. Expenses. Amount: 34. Total to form 990-ez, line 16: 7,584.

Form 990-ez, Part II, Line 24 - Other Assets

Description: escrow receivable. Beg. Of year amount: 100,000. End of year amount: 0.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 20,000. End of year amount: 0. Description: due to middletown ltc pharmacy. Beg. Of year amount: 2,524. End of year amount: 0.

Raw XML Appendix287 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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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0ACTUAL COST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1ACTUAL COST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt2ACTUAL COST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt3ACTUAL COST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0ROUTE 52 PO BOX 289
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt1601 STONY FORD RD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt2249 BROADWAY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt3162 EAST BROADWAY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0LOCH SHELDRAKE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1MIDDLETOWN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm2NEWBURGH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm3MONTICELLO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0NY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1NY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd2NY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd3NY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd012759
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd110941
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd212550
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd312701
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST REVENUE. AMOUNT: 219.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: LIQUIDATION GRANT. GRANTEE NAME: NHC FOUNDATION. GRANTEE ADDRESS: ROUTE 52, P.O. BOX 289 LOCH SHELDRAKE, NY 12759. AMOUNT GIVEN: 185,724.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACTIVITY CLASSIFICATION: LIQUIDATION GRANT. GRANTEE NAME: CRYSTAL RUN VILLAGE FOUNDATION, INC.. GRANTEE ADDRESS: 601 STONY FORD ROAD MIDDLETOWN, NY 10941. AMOUNT GIVEN: 185,724.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACTIVITY CLASSIFICATION: LIQUIDATION GRANT. GRANTEE NAME: NYSARC ORANGE COUNTY, INC.. GRANTEE ADDRESS: 249 BROADWAY NEWBURGH, NY 12550. AMOUNT GIVEN: 185,723.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACTIVITY CLASSIFICATION: LIQUIDATION GRANT. GRANTEE NAME: SULLIVAN ARC FOUNDATION. GRANTEE ADDRESS: 162 EAST BROADWAY MONTICELLO, NY 12701. AMOUNT GIVEN: 185,723. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 742,894.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION: INSURANCE. AMOUNT: 6,661. DESCRIPTION: BANK SERVICE CHARGES. AMOUNT: 789. DESCRIPTION: FILING FEES. AMOUNT: 100. DESCRIPTION: MISC. EXPENSES. AMOUNT: 34. TOTAL TO FORM 990-EZ, LINE 16: 7,584.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION: ESCROW RECEIVABLE. BEG. OF YEAR AMOUNT: 100,000. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 20,000. END OF YEAR AMOUNT: 0. DESCRIPTION: DUE TO MIDDLETOWN LTC PHARMACY. BEG. OF YEAR AMOUNT: 2,524. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0A JAMES FORBES JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08453412700
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HUDSON REGIONAL LTC PHARMACY INC
ReturnHeader/Filer/BusinessNameControlTxt0HUDS
ReturnHeader/Filer/EIN0273970005
ReturnHeader/Filer/PhoneNum08453412700
ReturnHeader/Filer/USAddress/AddressLine1Txt0280 ROUTE 211 E NO 112
ReturnHeader/Filer/USAddress/CityNm0MIDDLETOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010940
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A3EB9A663B166A7F172762214481AEBFA8C1AD13
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt065.51.112.58
ReturnHeader/FilingSecurityInformation/IPDt02018-04-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm016:18:10
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271728945
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PKF O'CONNOR DAVIES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt032 FOSTERTOWN ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEWBURGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd012550
ReturnHeader/PreparerPersonGrp/PhoneNum08455655400
ReturnHeader/PreparerPersonGrp/PreparationDt02018-04-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GARRETT M HIGGINS
ReturnHeader/ReturnTs02018-04-06T16:18:12-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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