Morningside At Home Inc

EIN: 134113427 501(c)(3) Health Care

Purchase, NY

Total Revenue
$833,453
Total Expenses
$833,453
Total Assets
$162,185
Net Assets
$70,925
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NY
Principal Officer
DR WILLIAM T SMITH PHD
Phone
9142055030
Tax Period
2018-01-01 to 2018-12-31

Morningside At Home Inc, founded in 1999, is a small nonprofit in the Health Care sector that reported $833K in total revenue in fiscal year 2018. Revenue fell 58% from the prior year — a significant decline worth monitoring.

Mission

MORNINGSIDE AT HOME, INC. (MAH) IS A NOT-FOR-PROFIT ORGANIZATION DEDICATED TO PROVIDING INDIVIDUALS, FAMILIES AND CAREGIVERS THE ASSISTANCE THEY NEED TO LIVE, WORK AND REMAIN A VITAL PART OF THEIR COMMUNITIES. OUR MISSION HAS EVOLVED TO INSPIRE INNOVATION THAT EMPOWERS, GUIDES, EDUCATES, AND SUPPORTS THOSE INDIVIDUALS AND ORGANIZATIONS FACED WITH THE CHALLENGES AND OPPORTUNITIES OF AGING.

Program Service Accomplishments

Program 1
Expenses: $625,116 Revenue: $810,774

ASSISTED LIVING PROGRAM: MORNINGSIDE AT HOME, INC. OPERATES AN ASSISTED LIVING PROGRAM (ALP) UNDER A MANAGEMENT SERVICES CONTRACT. IN June 2018, the ALP ownership was transferred to another...

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ASSISTED LIVING PROGRAM: MORNINGSIDE AT HOME, INC. OPERATES AN ASSISTED LIVING PROGRAM (ALP) UNDER A MANAGEMENT SERVICES CONTRACT. IN June 2018, the ALP ownership was transferred to another organization.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $22,679
Program Service Revenue $810,774
Investment Income $0
Other Revenue $0
TOTAL REVENUE $833,453

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,386
Fundraising Expenses $0
Program Expenses $625,116
Other Expenses $830,067
TOTAL EXPENSES $833,453

Year-over-Year Comparison

2018 2017 Change
Revenue $833,453 $1,980,065 -0.6%
Expenses $833,453 $1,976,263 -0.6%
Net Income $0 $3,802 -1.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
4

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$613,184
Total Directors
5
$613,184
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard H Altieri PhD CHAIR 1.0
Officer Director
$0 $0 $0
Douglas H Hoffmann vice CHair and secretary 1.0
Officer Director
$0 $0 $0
Katharine M Weiss Treasurer 1.0
Officer Director
$0 $0 $0
Dr William T Smith PHD President/CEO 1.0
Officer Director
$0 $59,738 $613,184
Neal Baumann Trustee 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2018 $833,453 $833,453 $162,185 No data
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