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Nonprofit · EIN 86-1888783

MOUNT SINAI ELDERCARE INC

Tax-exempt · MIAMI BEACH, FL 33140

Financials

$6.2M$7.9M2024
Revenue Expenses · by fiscal year end
Financials of MOUNT SINAI ELDERCARE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$6,180,901$7,853,375-$1,672,474$4,460,218$1,436,187$3,024,031
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$6,129,214
Investment income
$51,687
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$1,651,738
Salaries, compensation and benefits (total)
$1,928,851
Professional fundraising fees
$0
Accounting fees
$20,090
Travel
$5,510
Depreciation
$500,223
Program services (functional)
$5,015,990
Management and general (functional)
$2,837,385

Balance sheet and other

Total assets, start of year
$4,189,160
Total assets, end of year
$4,460,218
Total liabilities, end of year
$1,436,187
Net assets, end of year
$3,024,031
Land, buildings and equipment
$3,261,288
Net assets without donor restrictions
$3,024,031
Gross receipts
$6,180,901
Employees
0
Volunteers
1
Year formed
2021
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
GINO SANTORIOPRESIDENT/CEO
Trustee or director, Officer
0.5$0$2,457,810$77,682
ALEXANDER A MENDEZEXECUTIVE VP/CFO
Trustee or director, Officer
0.5$0$1,642,889$105,452
ANGEL PALLINSENIOR VP/COO
Trustee or director, Officer
3$0$1,005,648$107,386
CLIFFORD MEDINACHIEF, DIV. OF GEN. MED. (BEG 01/24)
Trustee or director
3$0$734,115$54,305
LYNDA BARCELOVP MGN CARE & POP HEALTH
Trustee or director, Officer
15$0$312,526$78,164
STEVEN SONENREICHFORMER PRESIDENT
Former
0$0$187,500$0
NEISEN KASDINCOMMUNITY REPRESENTATIVE
Trustee or director
0$0$0$0

Address and contacts

Address (IRS master file)
4300 ALTON RD, MIAMI BEACH, FL 33140-2948
In care of
% LYNDA BARCELO
Principal officer (990 for 2024)
GINO SANTORIO, 4300 ALTON ROAD, MIAMI BEACH, FL 33140
Signed the 990
ALEXANDER MENDEZ, EXECUTIVE VP/CFO
Phone
(904) 234-4338
Return prepared by
DELOITTE TAX LLP

Mission

TO AID SENIORS IN REMAINING IN THE COMMUNITY THROUGH TEAM-BASED, QUALITY CARE AND SUPPORT THAT ADDRESSES THEIR INDIVIDUAL NEEDS AND PREFERENCES WITH PROFESSIONALISM AND COMPASSION.

990 for the year ended December 31, 2024

Program accomplishments

  • SEPTEMBER 1, 2024 MARKED MOUNT SINAI ELDERCARE, INC.'S FIRST YEAR AS AN OPERATIONAL PROGRAM FOR ALL-INCLUSIVE CARE FOR THE ELDERLY ORGANIZATION. MOUNT SINAI ELDERCARE'S ENROLLMENT AND CARE TEAMS WERE VERY BUSY IN OUR FIRST YEAR. BY DECEMBER, MOUNT SINAI ELDERCARE, INC. HAD ENROLLED 85 PARTICIPANTS AND HAD A TOTAL OF 14 DISENROLLMENTS. OF THE DISENROLLMENTS 5 WERE DUE TO DEATH OR 31%. AT YEAR END THE TOTAL CENSUS WAS 89.THE ENROLLMENT GOAL REMAINS FIVE NET POSITIVE ENROLLMENTS PER MONTH AND OUR ACTUAL ENROLLMENT PER MONTH WAS SEVEN MEMBERS FOR 2024. LOOKING A LITTLE DEEPER INTO THE ENROLLMENT NUMBERS, 22% WERE MEDICAID ONLY FUNDED WHILE 67% WERE DUAL OR MEDICARE AND MEDICAID FUNDED ENROLLEES. MOUNT SINAI ELDERCARE, INC. HAS MORE MEDICAID ONLY FUNDED ENROLLED MEMBERS THAN THE NATIONAL AVERAGE OF 19.1%. DUE TO ELECTRONIC ENROLLMENT REPORTING DELAYS BETWEEN THE MEDICARE AND STATE OF FLORIDA MEDICAID SYSTEM, MOUNT SINAI ELDERCARE, INC. HAD TO WRITE OFF $65,000 OF UNFUNDED MEDICAID CAPITATION PAYMENTS.DAILY DAYCARE CENTER ATTENDANCE GREW FROM NINE TO A HIGH OF THIRTY BY THE END OF THE YEAR. THE INCREASE IN DAYCARE CENTER ATTENDANCE ALSO GREATLY INCREASED THE NUMBER OF MEAL AND TRIPS MADE BY THE TRANSPORTATION TEAM. FOR EXAMPLE, IN JANUARY OUR DEDICATED DRIVERS PUT IN A TOTAL OF 310 HOURS TRANSPORTING OUR MEMBERS TO AND FROM THE ELDERCARE CENTER FOR VISITS WITH PRIMARY CARE PROVIDERS, TO COMPLETE PHYSICAL OR OCCUPATIONAL THERAPY SESSIONS, ATTEND THE DAY CARE CENTER AND/OR TRANSPORTATION TO AND FROM MEDICAL SPECIALISTS, HOSPITALS AND IMAGING APPOINTMENTS. BY THE END OF THE YEAR THESE HOURS INCREASED TO 575 FOR THE MONTH OF DECEMBER. THE TRANSPORTATION FLEET GREW FROM ONE TO THREE FULL TIME DRIVERS PLUS THE USE OF FIVE ON DEMAND DRIVERS.MOUNT SINAI ELDERCARE, INC. HAD A SUCCESSFUL 2024 ENDING THE YEAR AHEAD OF ENROLLMENT GOALS. AS WE LOOK TO 2025 THE ORGANIZATION PLANS TO INCREASE THE NUMBER OF OUTREACH LIAISON IN THE FIELD TO HELP FURTHER GROW ENROLLMENT AND ADD ADDITIONAL STAFF TO SUPPORT THE PROJECTED GROWTH.
    Expenses $5,015,990 · revenue $6,129,214

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
86-1888783
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E99)
Assets (IRS master file)
$4,460,218
Income (IRS master file)
$6,180,901

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990-TDecember 2024–––IRS
990December 2023$434,609$2,481,100$4,189,160IRS
990-TDecember 2023–––IRS
990December 2022$0$721,737$3,883,751IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about MOUNT SINAI ELDERCARE INC

What is the EIN of MOUNT SINAI ELDERCARE INC?
The employer identification number (EIN) of MOUNT SINAI ELDERCARE INC is 86-1888783.
Is MOUNT SINAI ELDERCARE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to MOUNT SINAI ELDERCARE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MOUNT SINAI ELDERCARE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MOUNT SINAI ELDERCARE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MOUNT SINAI ELDERCARE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MOUNT SINAI ELDERCARE INC?
The 990 for the year ended December 31, 2024 names GINO SANTORIO.
Who are the officers and directors of MOUNT SINAI ELDERCARE INC?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does MOUNT SINAI ELDERCARE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $6,180,901, expenses of $7,853,375 and total assets of $4,460,218 at year end.

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