HERITAGE HOUSE NURSING CENTER INC

EIN: 141725101 501(c)(3) Health Care

TROY, NY

Total Revenue
$13,375,013
Total Expenses
$14,391,773
Total Assets
$3,298,806
Net Assets
$515,839
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
NY
Principal Officer
MICHELLE MAZZACCO
Phone
5182744125
Tax Period
2023-01-01 to 2023-12-31

HERITAGE HOUSE NURSING CENTER INC, founded in 1990, is a mid-sized nonprofit in the Health Care sector that reported $13.4M in total revenue in fiscal year 2023.

Mission

TO PROVIDE LONG-TERM CARE

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,710
Program Service Revenue $13,082,433
Investment Income $-2,108
Other Revenue $290,978
TOTAL REVENUE $13,375,013

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,403,576
Fundraising Expenses $0
Program Expenses $13,594,177
Other Expenses $5,988,197
TOTAL EXPENSES $14,391,773

Year-over-Year Comparison

2023 2022 Change
Revenue $13,375,013 $13,788,355 0.0%
Expenses $14,391,773 $14,808,404 0.0%
Net Income $-1,016,760 $-1,020,049 0.0%
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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Governance

Voting Members
14
Independent Members
9
Employees
261
Volunteers
15

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
9
$3,634,826
Total Directors
14
$3,763,898
Key Employees
1
$245,441
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN HANKS MD DIRECTOR; PRESIDENT & CEO 0.10
Officer Director
$0 $270,856 $1,598,942
ROBERT MCCORMICK DIRECTOR; CHAIR 0.10
Officer Director
$0 $0 $0
KATHLEEN JIMINO DIRECTOR; TREASURER 0.10
Officer Director
$0 $0 $0
JOHN MARSHALL DIRECTOR; VICE CHAIR 0.10
Officer Director
$0 $0 $0
GUHA BALA DIRECTOR 0.10
Director
$0 $0 $0
GARY DAKE DIRECTOR 0.10
Director
$0 $0 $0
MARY ANN LOGIUDICE RSM DIRECTOR 0.10
Director
$0 $0 $0
DANIEL ISACKSEN DIRECTOR; TRINITY HEALTH CFO 0.10
Director
$0 $373,703 $2,164,209
LEE MCELROY JR DIRECTOR 0.10
Director
$0 $0 $0
MICHAEL MEATH DIRECTOR 0.10
Director
$0 $0 $0
GINA MYERS PHD DIRECTOR; CONSULTANT 0.10
Director
$0 $0 $747
MERRIETTE POLLARD DIRECTOR 0.10
Director
$0 $0 $0
KERRI SWEET ZAVAGLIA ESQ DIRECTOR 0.10
Director
$0 $0 $0
WILLIAM WILDRIDGE III DIRECTOR 0.10
Director
$0 $0 $0
ROBERT SWIDLER ESQ SEC & VP/GENERAL COUNSEL THR 6/23 0.10
Officer
$0 $757 $134,961
THOMAS ROBERT VP & CFO, NEW YORK REGION 0.10
Officer
$0 $70,497 $838,371
MICHELLE MAZZACCO EVP, CONTINUING CARE 1.00
Officer
$0 $34,185 $442,521
KRISTIN SIGNOR VP FINANCE OPERATIONS, CONT CARE 1.00
Officer
$0 $45,782 $330,721
ERIC FARRELL INT SEC AT 7/23; ASSOC CNSL, NY REG 0.10
Officer
$0 $47,131 $289,310
SANDRA SULLIVAN-SMITH VP REG OPERATIONS CONT CARE AT 12/23 1.00
Key Emp
$101,177 $39,421 $245,441
DEBBIE OSHINLOYE DIRECTOR OF NURSING, LONG-TERM CARE 50.00
Highest
$121,065 $2,316 $123,381
ADDIE HARUNA LPN-MED RATED, LONG-TERM CARE 50.00
Highest
$119,255 $16,493 $135,748
LAUREN FINA NURSE PRACTITIONER, CONTINUING CARE 50.00
Highest
$110,745 $11,201 $125,094
HEIDI GRANGER NURSE MANAGER, LONG-TERM CARE 50.00
Highest
$113,282 $13,720 $127,002
SUSAN DAVIS ASST DIRECTOR OF NURSING, LT CARE 50.00
Highest
$110,183 $22,452 $132,635
KIM BAKER FMR OFFICER; SPHP SVP HOSPITAL OPS 0.00
$0 $140,032 $826,865
JAMES REED MD FORMER OFFICER 0.00
$0 $19,112 $222,855
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
2024 No data No data No data No data
2023 $13,375,013 $14,391,773 $3,298,806 $-1,016,760
2022 $13,788,355 $14,808,404 $3,653,819 $-1,020,049
2021 $12,659,355 $13,842,761 $3,100,064 $-1,183,406
2020 $14,358,215 $14,124,945 $3,656,925 $233,270
2019 $14,555,137 $14,500,291 $3,814,746 $54,846
2018 $14,945,348 $14,218,323 $3,975,190 $727,025
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