2024-11-15T10:29:54+00:00 2023-12-31 440160260 Forvis Mazars LLP 135 West 50th Street New York NY 10020 990 2023-01-01 800517818 Elderserve Health Inc ELDE 7185811000 5901 PALISADE AVENUE BRONX NY 10471 Carl Willner SVP of Finance 7185811000 2024-11-15 true true Aaron Shapiro P01333816 2128127000 2023-11-10 2023 2024-10-15 13:58:12Z CARL WILLNER 5901 PALISADE AVENUE BRONX NY 10471 1316657743 false X www.riverspringliving.org X 2009 MANAGED LONG TERM CARE FOR FRAIL, ELDERLY, AND DISABLED INDIVIDUALS. 14 14 435 14 0 0 0 996300987 1132178169 1691540 2073188 0 997992527 1134251357 0 0 49297164 52867028 0 0 997529760 1071743930 1046826924 1124610958 -48834397 9640399 216086323 218879431 158046279 147368760 58040044 71510671 See Schedule O false false 1070195360 1132178169 MANAGED LONG TERM CARE FOR FRAIL, ELDERLY, AND DISABLED INDIVIDUALS WITH HIGH QUALITY SERVICES TO HELP THEM MAINTAIN MAXIMUM INDEPENDENCE AND QUALITY OF LIFE. 1070195360 true false false true false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 10 0 false 435 true false false false false false false false false false false false false X 14 14 false false false false true false false true true false false true true true true true true true true false NY X CARL WILLNER 7185811317 5901 PALISADE AVENUE BRONX NY 10471 ANDREW L GAINES VICE CHAIR 1.0 7.0 X X 0 0 0 JEFFREY S MAUER CHAIR 1.0 9.0 X X 0 0 0 JOSEPH WYGODA SECRETARY & TREASURER 1.0 7.0 X X 0 0 0 CONSTANTINE DIMAS TRUSTEE 1.0 7.0 X 0 0 0 DAVID SABLE TRUSTEE 1.0 1.0 X 0 0 0 ELIOT ENGEL TRUSTEE 1.0 1.0 X 0 0 0 FAROOQ KATHWARI TRUSTEE 1.0 3.0 X 0 0 0 ISABEL RIVERA TRUSTEE 1.0 1.0 X 0 0 0 JAMES SHIFREN TRUSTEE 1.0 6.0 X 0 0 0 JOEL HOLLANDER TRUSTEE 1.0 9.0 X 0 0 0 Jonathan Resnick Trustee 1.0 X 0 0 0 LAUREN J WACHTLER TRUSTEE 1.0 3.0 X 0 0 0 LAWRENCE J BURIAN TRUSTEE 1.0 1.0 X 0 0 0 MARTIN HOFFMAN TRUSTEE 1.0 3.0 X 0 0 0 MEL HARRIS TRUSTEE 1.0 1.0 X 0 0 0 MICHELE R COHEN TRUSTEE 1.0 1.0 X 0 0 0 THOMAS S ROGERS TRUSTEE 1.0 2.0 X 0 0 0 TIMOTHY BAXTER TRUSTEE 1.0 1.0 X 0 0 0 Carl Willner Interim CFO 5.0 30.0 X 0 319229 60643 DANIEL REINGOLD PRESIDENT 1.0 34.0 X 0 1999772 65382 DAVID POMERANZ CHIEF OPERATING OFFICER 25.0 10.0 X 0 911618 32203 SUSAN ALDRICH CEO/EXECUTIVE VP 35.0 0.0 X 869328 0 37218 JENNY LING SR. VP OF REGULATORY AFFAIRS 35.0 0.0 X 426766 0 35766 Julieanne J Lau SR. VP OF CLINICAL OPERATIONS 35.0 0.0 X 303880 0 43415 CAMILLE SANDS VP OF Outreach 35.0 0.0 X 290066 0 34619 IRINA VAINRIB VP OF CLINICAL OPERATIONS 35.0 0.0 X 281045 0 58868 John Kehoe Sr. VP OF FINANCE 35.0 0.0 X 376304 0 2967 MARCIA KONRAD SENIOR VP OF QUALITY 35.0 0.0 X 295562 0 18414 Peter K Davidson Medical Director 35.0 0.0 X 372443 0 40622 3215394 3230619 430117 175 false true false S&A Unified Home Care 2729 Coney Island Ave Brooklyn NY 11235 Home Care 44914679 Good Care Agency Inc 2671 Coney Island Ave Brooklyn NY 11235 Home Care 36488693 Americare Inc 171 Kings Highway Brooklyn NY 11223 Home Care 34522931 BNV Home Care Agency Inc 9660 Queens Blvd Rego Park NY 11374 Home Care 24561241 Magic Home Care LLC 250 Avenue X Brooklyn NY 11223 Home Care 23301113 404 0 MEDICAID CAPITATION 623000 1112039404 1112039404 MEDICARE 623000 19908767 19908767 SURPLUS MEMBER INCOME 623000 229998 229998 0 0 0 0 1132178169 2812357 2812357 0 0 181667217 182406386 -739169 0 -739169 -739169 0 0 0 0 0 1134251357 1132178169 0 2073188 X 1716373 1716373 39796223 30946578 8849645 2225186 1699155 526031 6026946 4556913 1470033 3102300 2319188 783112 20749923 20749923 3989421 3989421 36556 36556 282384 282384 1032567366 1030673526 1893840 0 558610 558610 1924601 1924601 4387774 4387774 3579896 3579896 662862 662862 469366 469366 394763 394763 2140408 2140408 0 0 0 0 1124610958 1070195360 54415598 0 54734957 30378730 1480557 1477829 0 49850187 78320719 0 0 0 0 0 0 452178 377764 13593216 9070890 4265852 4522326 93695788 94507395 0 0 11606804 9294668 216086323 218879431 70505924 77838690 0 0 0 0 0 0 0 0 9066640 87540355 60463430 158046279 147368760 58040044 71510671 0 58040044 71510671 216086323 218879431 X 9640399 2887228 943000 X false true X true false X 0 0 0 0 0 0 938279384 956915970 953357432 996301197 1132178169 4977032152 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 938279384 956915970 953357432 996301197 1132178169 4977032152 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4977032152 3757553 2519934 2662965 2369019 2812357 14121828 0 0 0 0 0 0 3757553 2519934 2662965 2369019 2812357 14121828 0 0 0 0 0 0 0 0 0 0 0 0 942036937 959435904 956020397 998670216 1134990526 4991153980 0.9972 0.9968 0 0.0032 X false false false false false true 36556 false false false 36556 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY ELDERSERVE HEALTH, INC. ENGAGED A LAW FIRM TO LOBBY ON BEHALF OF THE ORGANIZATION TO INFLUENCE NEW YORK STATE AND NEW YORK CITY LEGISLATIVE BRANCHES REGARDING BUDGET, REGULATORY, AND LEGISLATIVE ISSUES PERTAINING TO ADULT HOMES AND HEALTH CARE. 4312319 4048598 263721 5501297 4709272 792025 3779600 313020 3466580 4522326 Due to third parties 47432301 due to hebrew home 1068491 Premium deficiency reserve 871000 Subvention Payable 11091638 60463430 1136856201 2887228 0 2887228 1133968973 282384 0 282384 1134251357 1124328574 0 0 1124328574 282384 0 282384 1124610958 Schedule D, Part X, Line 2 ASC 740 FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. X X X X X X false false false false false false false true false DANIEL REINGOLD PRESIDENT 0 1731420 0 256250 0 12102 0 27504 0 37878 0 2065154 0 0 DAVID POMERANZ CHIEF OPERATING OFFICER 0 752064 0 150078 0 9476 0 27726 0 4477 0 943821 0 0 SUSAN ALDRICH CEO/EXECUTIVE VP 702159 0 159753 0 7416 0 21436 0 15782 0 906546 0 0 0 Carl Willner Interim CFO 0 316147 0 0 0 3082 0 23512 0 37131 0 379872 0 0 JENNY LING SR. VP OF REGULATORY AFFAIRS 399350 0 20000 0 7416 0 21481 0 14285 0 462532 0 0 0 Julieanne J Lau SR. VP OF CLINICAL OPERATIONS 288220 0 15000 0 660 0 4800 0 38615 0 347295 0 0 0 Peter K Davidson Medical Director 366271 0 0 0 6172 0 2007 0 38615 0 413065 0 0 0 John Kehoe Sr. VP OF FINANCE 346950 0 26000 0 3354 0 0 0 2967 0 379271 0 0 0 IRINA VAINRIB VP OF CLINICAL OPERATIONS 276930 0 0 0 4115 0 20253 0 38615 0 339913 0 0 0 CAMILLE SANDS VP OF Outreach 284214 0 0 0 5852 0 19248 0 15371 0 324685 0 0 0 MARCIA KONRAD SENIOR VP OF QUALITY 275000 0 15000 0 5562 0 16110 0 2304 0 313976 0 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation THE CEO AND OFFICERS AND SELECT KEY EMPLOYEES' COMPENSATION IS PAID THROUGH A RELATED MANAGEMENT SERVICE ORGANIZATION; RIVERSPRING SERVICES CORP. COMPENSATION IS ALLOCATED TO EACH RELATED ENTITY BASED ON AN APPROVED METHODOLOGY. DETERMINATION OF THE COMPENSATION IS BASED ON INDEPENDENT COMPARATIVE ANALYSIS OF COMPENSATION LEVELS FOR OTHER CEO'S AND OFFICERS IN ORGANIZATIONS OF SIMILAR SIZE IN THE LONG-TERM CARE INDUSTRY PRIMARILY IN THE NY METROPOLITAN AREA. THIS IS DONE BY AN INDEPENDENT COMPENSATION CONSULTANT AND THE INFORMATION IS THEN REVIEWED BY A COMPENSATION COMMITTEE AND APPROVED BY THE FULL BOARD OF THE RELATED ENTITIES PAYING THE COMPENSATION. Schedule J, Part I, Line 7 Non-fixed payments BONUSES GIVEN ARE AT THE DISCRETION OF THE COMPENSATION COMMITTEE DEPENDING ON WHETHER OR NOT METRICS ESTABLISHED EVERY YEAR ARE MET. Form 990, Part III, Line 1 THE MISSION OF ELDERSERVE HEALTH, INC. IS TO SERVE FRAIL, ELDERLY, AND DISABLED INDIVIDUALS WITH HIGH QUALITY SERVICES TO HELP THEM MAINTAIN MAXIMUM INDEPENDENCE AND QUALITY OF LIFE. ELDERSERVE HEALTH, INC. IS PART OF RIVERSPRING LIVING, A GROUP OF LONG TERM CARE AFFILIATES UNDER THIS COMMON BRAND NAME. RIVERSPRING LIVING SERVES OLDER ADULTS OF ALL FAITHS THROUGH COMPASSIONATE CARE AND VIBRANT COMMUNITY ENGAGEMENT. GUIDED BY JEWISH VALUES AND OUR NON-PROFIT MISSION, IT ADVOCATES AND CELEBRATES A VISION OF EMPOWERED AGING. RIVERSPRING LIVING'S PROGRAMS AND SERVICES INCLUDE MANAGED CARE, SENIOR HOUSING, HOME CARE, ASSISTED LIVING, REHABILITATION AND SKILLED NURSING SERVICES AND SPECIALIZED SERVICES SUCH AS ELDER JUSTICE AND MEMORY CARE. COLLECTIVELY, RIVERSPRING EMPOWERS OVER 18,000 PATIENTS, RESIDENTS AND MEMBERS TO LIVE FORWARD EVERY DAY. Form 990, Part VI, Line 6 Classes of members or stockholders RIVERSPRING HEALTH HOLDING CORP. IS THE SOLE MEMBER OF ELDERSERVE HEALTH, INC Form 990, Part VI, Line 11b Review of form 990 by governing body THE AUDIT COMMITTEE REVIEWS THE 990 WITH THE CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER, EXECUTIVE VICE PRESIDENT, AND THE PREPARER, AND REPORTS THEIR FINDINGS TO THE FULL BOARD OF DIRECTORS. THE COMPLETE 990 IS ALSO MADE AVAILABLE FOR THE ENTIRE BOARD OF DIRECTORS TO REVIEW AND COMMENT. Form 990, Part VI, Line 12c Conflict of interest policy ON A YEARLY BASIS, THE COMPLIANCE OFFICER, WORKING WITH ADMINISTRATION, DISTRIBUTES CONFLICT OF INTEREST QUESTIONNAIRES TO BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES WITH INSTRUCTIONS TO COMPLETE THE FORMS AND RETURN THEM TO THE COMPLIANCE OFFICER. THE COMPLIANCE OFFICER REVIEWS ALL SUBMITTED FORMS AND IDENTIFIES ANY CONFLICTS WHICH NEED TO BE REPORTED, CONSULTING WITH LEGAL COUNSEL, IF NECESSARY. THE COMPLIANCE OFFICER NOTIFIES THE CHAIRMAN OF THE BOARD AND THE CEO OF ANY CONFLICTS SO THAT CONFLICTED INDIVIDUALS APPROPRIATELY RECUSE THEMSELVES FROM DISCUSSIONS AND VOTING ON MATTERS ON WHICH THEY HAVE A CONFLICT OF INTEREST. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE CEO AND OFFICERS AND KEY EMPLOYEES' COMPENSATION IS PAID THROUGH A RELATED MANAGEMENT SERVICE ORGANIZATION; RIVERSPRING SERVICES CORP. COMPENSATION IS ALLOCATED TO EACH RELATED ENTITY BASED ON AN APPROVED METHODOLOGY. DETERMINATION OF THE COMPENSATION IS BASED ON INDEPENDENT COMPARATIVE ANALYSIS OF COMPENSATION LEVELS FOR OTHER CEO'S AND OFFICERS IN ORGANIZATIONS OF SIMILAR SIZE IN THE LONG-TERM CARE INDUSTRY PRIMARILY IN THE NY METROPOLITAN AREA. THIS IS DONE BY AN INDEPENDENT COMPENSATION CONSULTANT AND THE INFORMATION IS THEN REVIEWED BY A COMPENSATION COMMITTEE AND APPROVED BY THE FULL BOARD OF THE RELATED ENTITIES PAYING THE COMPENSATION. THIS PROCESS TAKES PLACE EACH DECEMBER. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE CEO AND OFFICERS AND KEY EMPLOYEES' COMPENSATION IS PAID THROUGH A RELATED MANAGEMENT SERVICE ORGANIZATION; RIVERSPRING SERVICES CORP. COMPENSATION IS ALLOCATED TO EACH RELATED ENTITY BASED ON AN APPROVED METHODOLOGY. DETERMINATION OF THE COMPENSATION IS BASED ON INDEPENDENT COMPARATIVE ANALYSIS OF COMPENSATION LEVELS FOR OTHER CEO'S AND OFFICERS IN ORGANIZATIONS OF SIMILAR SIZE IN THE LONG-TERM CARE INDUSTRY PRIMARILY IN THE NY METROPOLITAN AREA. THIS IS DONE BY AN INDEPENDENT COMPENSATION CONSULTANT AND THE INFORMATION IS THEN REVIEWED BY A COMPENSATION COMMITTEE AND APPROVED BY THE FULL BOARD OF THE RELATED ENTITIES PAYING THE COMPENSATION. THIS PROCESS TAKES PLACE EACH DECEMBER. Form 990, Part VI, Line 19 Required documents available to the public THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part IX, Line 11g Other Fees Personal Care Workers - Total Expense: XXX-XX-XXXX, Program Service Expense: XXX-XX-XXXX, Management and General Expenses: , Fundraising Expenses: ; Nursing - Total Expense: 40288141, Program Service Expense: 40288141, Management and General Expenses: , Fundraising Expenses: ; Transportation - Total Expense: 17980544, Program Service Expense: 17980544, Management and General Expenses: , Fundraising Expenses: ; Social Day Care - Total Expense: 10495588, Program Service Expense: 10495588, Management and General Expenses: , Fundraising Expenses: ; Physical Therapy - Total Expense: 2563376, Program Service Expense: 2563376, Management and General Expenses: , Fundraising Expenses: ; Medical Supplies - Total Expense: 9700461, Program Service Expense: 9700461, Management and General Expenses: , Fundraising Expenses: ; Dental - Total Expense: 1891554, Program Service Expense: 1891554, Management and General Expenses: , Fundraising Expenses: ; Other consulting - Total Expense: 11897129, Program Service Expense: 10003289, Management and General Expenses: 1893840, Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN PREMIUM DEFICIENCY RESERVE - 943000; HEBREW HOME HOUSING DEVELOPMENT FUND CO 5901 PALISADE AVENUE RIVERDALE NY 10471 132956755 HOUSING NY 501(c)(3) 10 RSHHC false RIVERDALE TERRACE HOUSING DEVELOP FUND 5901 PALISADE AVENUE RIVERDALE NY 10471 133900256 HOUSING NY 501(c)(3) 10 RSHHC false HEBREW HOME FOR THE AGED AT RIVERDALE 5901 PALISADE AVENUE RIVERDALE NY 10471 131739971 NURSING HOME NY 501(c)(3) 10 RSHHC false RIVERSPRING SERVICES CORP 5901 PALISADE AVENUE RIVERDALE NY 10471 461763915 MGMT COMPANY NY 501(c)(3) Type II RSHHC false RIVERSPRING HEALTH HOLDING CORP 5901 PALISADE AVENUE RIVERDALE NY 10471 270996795 SUPPORT SVCS NY 501(c)(3) Type I NA false NATIONAL ALZHEIMER'S CENTER INC 5901 PALISADE AVENUE RIVERDALE NY 10471 133403753 PROMOTE CARE NY 501(c)(3) Type I RSHHC false HUDSON HOUSE HOUSING DEVELOPMENT FUND CO 5901 PALISADE AVENUE RIVERDALE NY 10471 275547643 HOUSING NY 501(c)(3) 10 RSHHC false RIVERSPRING HEALTH SENIOR LIVING INC 5901 PALISADE AVENUE RIVERDALE NY 10471 465584538 SENIOR LIVING NY 501(c)(3) 10 RSHHC false false false false false true false false false false false true false true false true true false false false