SCHOFIELD RESIDENCE INC

EIN: 160743225 501(c)(3) Health Care

Kenmore, NY

Total Revenue
$16,622,574
Total Expenses
$17,897,470
Total Assets
$15,566,794
Net Assets
$11,292,332
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1915
Legal Domicile
NY
Principal Officer
Christopher Koenig
Phone
7168741566
Tax Period
2023-01-01 to 2023-12-31

SCHOFIELD RESIDENCE INC, founded in 1915, is a mid-sized nonprofit in the Health Care sector that reported $16.6M in total revenue in fiscal year 2023.

Mission

To provide the highest level of professional health care and supportive services to the frail elderly and disabled individuals in the community. We offer individual choice by providing a variety of services that are offered in both residential and community settings, including long term care in our residential health care facility, a certified home health agency, and an adult day health care program.

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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 $382,102
Program Service Revenue $15,558,648
Investment Income $290,552
Other Revenue $391,272
TOTAL REVENUE $16,622,574

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,644,795
Fundraising Expenses $0
Program Expenses $14,415,739
Other Expenses $8,252,675
TOTAL EXPENSES $17,897,470

Year-over-Year Comparison

2023 2022 Change
Revenue $16,622,574 $16,096,331 +0.0%
Expenses $17,897,470 $16,151,674 +0.1%
Net Income $-1,274,896 $-55,343 +22.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
402
Volunteers
N/A

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
5
$306,252
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christopher Koenig CEO 14
Officer
$182,270 $0 $182,270
Olivia Rozycki SNF Administrator 37.5
Highest
$141,984 $13,282 $155,266
Elizabeth Moyer MDS RN 37.5
Highest
$118,482 $10,728 $129,210
Steve Chizuk CFO 14
Officer
$123,982 $0 $123,982
Teresa Zephro RN 37.5
Highest
$105,339 $12,183 $117,522
Melinda Hollie Director of Patient Services 37.5
Highest
$105,683 $11,692 $117,375
Lawrence DiGiulio Chairman 3
Officer Director
$0 $0 $0
Christopher Kempton Treasurer 3
Officer Director
$0 $0 $0
Sharon McGuan Secretary 3
Officer Director
$0 $0 $0
Rebecca Korosi Director 3
Director
$0 $0 $0
Saralin Tiedeman Director 3
Director
$0 $0 $0
Michael Geraci Director 3
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
2024 No data No data No data No data
2023 $16,622,574 $17,897,470 $15,566,794 $-1,274,896
2022 $16,096,331 $16,151,674 $16,134,573 $-55,343
2021 $15,417,244 $14,527,538 $15,562,030 $889,706
2020 $16,254,386 $16,000,541 $14,048,679 $253,845
2019 $17,496,247 $18,725,212 $13,861,109 $-1,228,965
2018 $18,995,971 $19,187,478 $14,040,855 $-191,507
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