FOLTS HOME INC

EIN: 150532183 501(c)(3)

SYRACUSE, NY

Total Revenue
N/A
Total Expenses
$18,975
Total Assets
$41,324
Net Assets
$41,324
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1943
Legal Domicile
NY
Principal Officer
DR ANTHONY PIANA
Phone
3152188627
Tax Period
2023-01-01 to 2023-12-31

Mission

TO BE THE PREMIER PROVIDER OF NURSING, RESIDENTIAL, INDEPENDENT LIVING, CHILD CARE AND COMMUNITY SERVICES. WE WILL ENHANCE THE LIVES WE TOUCH WHILE PROVIDING EXCEPTIONAL INDIVIDUALIZED QUALITY OF CARE WITH THE ASSURANCE OF DIGNITY, PRIDE, AND RESPECT FOR THE HUMAN SPIRIT. WE ARE PREPARED FOR THE CHALLENGES AND CHANGES THAT FACE US AND THROUGH OUR FISCALLY RESPONSIVE ATTITUDE, WE SET THE EXAMPLE FOR THE FUTURE. FOLTS HOMES PLEDGES A P.R.I.D.E. FILLED COMMITTMENT TO THOSE WE SERVE THROUGH PROFESSIONALISM, RESPONSIBILITY, INTEGRITY, DEDICATION AND EXCELLENCE.

Program Service Accomplishments

Program 1

THE MAIN PROGRAM OF THE ORGANIZATION WAS RESIDENT CARE SERVICES. FOLTS HOMES, LOCATED AT 104 NORTH WASHINGTON STREET IN HERKIMER, OFFERED MULTIPLE LEVELS OF CARE FOR OLDER ADULTS - ALL ON ONE CAMPUS...

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THE MAIN PROGRAM OF THE ORGANIZATION WAS RESIDENT CARE SERVICES. FOLTS HOMES, LOCATED AT 104 NORTH WASHINGTON STREET IN HERKIMER, OFFERED MULTIPLE LEVELS OF CARE FOR OLDER ADULTS - ALL ON ONE CAMPUS. AS THE NEEDS OF RESIDENTS CHANGE OVER TIME, THEY ARE ABLE TO MAKE A SMOOTH TRANSITION TO THE APPROPRIATE LEVEL OF CARE WITHIN THE FOLTS HOMES COMPLEX. THE FOLTS HEALTH CENTER SPECIALIZED IN CARE AND SERVICES FOR INDIVIDUALS DIAGNOSED WITH ALZHEIMER'S DISEASE AND DEMENTIA. FOLTS HOME OFFERED A MONTHLY SUPPORT GROUP FOR RESIDENT FAMILY MEMBERS AND ALL CARE GIVERS NEEDING ASSISTANCE AND SUPPORT IN TREATING, CARING FOR, AND COPING WITH THE DEBILITATING DISEASE. RECOGNIZING THE IMPORTANCE OF MUSIC AS BOTH ENJOYMENT AND THERAPY FOR RESIDENTS, LIVE CONCERTS WERE SCHEDULED INSIDE DURING THE COLDER MONTHS AND OUTSIDE ON THE LAWN DURING THE EVENING SUMMER MONTHS. RESIDENTS OF THE COMMUNITY WERE WELCOME TO JOIN AS THE LIVELY MUSIC FILLED THE AIR FOR THE SUMMER CONCERT SERIES. THE RESIDENT CARE SERVICES PROGRAM ALSO PROVIDES PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY SERVICES.

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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 $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $18,975
TOTAL EXPENSES $18,975

Year-over-Year Comparison

2023 2022 Change
Revenue N/A N/A N/A
Expenses $18,975 $8,760 +1.2%
Net Income N/A $-8,760 N/A
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR ANTHONY PIANA CHAIRPERSON 1.00
Officer Director
$0 $0 $0
MARIETHA PARKS DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM FORSTER SECRETARY 1.00
Officer 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
2023 No data $18,975 $41,324 No data
2022 No data $8,760 $60,299 No data
2021 $880 $9,273 $69,059 $-8,393
2020 $47,407 $6,381 $77,452 $41,026
2019 $65,638 $521,384 $36,426 $-455,746
2018 $5,238,717 $5,689,948 $4,907,407 $-451,231
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