IDEAL SENIOR LIVING CENTER HOUSING… - Form 990 Financial Data

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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

1988

Legal Domicile

Principal Officer

KAY BOLAND

Phone

6077867307

Tax Period

2023-01-01 to 2023-12-31

IDEAL SENIOR LIVING CENTER HOUSING CORPORATION, founded in 1988, is a community nonprofit in the Human Services sector that reported $3.6M in total revenue in fiscal year 2023. Expenses of $4.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

UHS SENIOR LIVING AT IDEAL PROVIDES SECURITY AND PEACE OF MIND TO SENIORS, OUR RESIDENTS, AND THEIR FAMILIES BY OFFERING COMPASSIONATE, PERSONALIZED CARE TO PROMOTE THE HIGHEST LEVEL OF HEALTHCARE FUNCTIONING. WE DO THIS IN A FULL CONTINUUM THAT INCLUDES HOME CARE, RESIDENTIAL, AND SKILLED NURSING SERVICES.WE ARE STEWARDS TO THE COMMUNITY AT LARGE, AND FULFILL THIS COMMUNITY NEED AS A MEMBER OF UHS. AS SUCH, WE ARE EVER MINDFUL OF OUR RESPONSIBILITY TO MANAGE OUR FINANCES TO SUSTAIN OUR ORGANIZATION.

Program Service Accomplishments

Program 1

Expenses: $3,577,365 Revenue: $3,446,639

ISLCHC PROVIDES HOUSING AND HEALTH & WELLNESS SERVICES TO THE ELDERLY RESIDENTS OF BROOME COUNTY AND SURROUNDING AREAS. ISLCHC INCLUDES 33 INDEPENDENT LIVING APARTMENTS, 35 ADULT CARE FACILITY BEDS, AND 35 ASSISTED LIVING PROGRAM BEDS. VARIOUS SERVICES SUCH AS MEALS, HOUSEKEEPING, ACTIVITIES PROGRAM AND SOCIAL TRANSPORTATION ARE PROVIDED TO ALL RESIDENTS TO ENHANCE THE QUALITY OF THEIR LIVES. ASSISTED LIVING PROGRAM RESIDENTS RECEIVE NURSING, THERAPY AND HOME HEALTH AND PERSONAL CARE SERVICES AS NEEDED. ISLCHC IS A MEMBER OF THE UNITED HEALTH SERVICES HEALTH CARE SYSTEM AND IS LOCATED ON THE SAME CAMPUS AS ITS SISTER COMPANY: IDEAL SENIOR LIVING CENTER, INC., A 150 BED SKILLED NURSING FACILITY.DURING 2023, APPROXIMATELY 30% OF INDEPENDENT APARTMENTS WERE LEASED TO LOW INCOME ELDERLY TENANTS. ADDITIONALLY, APPROXIMATELY 60% OF ALP ROOMS AND 30% OF ACF ROOMS WERE LEASED TO LOW INCOME ELDERLY RESIDENTS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $64,924

Program Service Revenue $3,449,505

Investment Income $110,528

Other Revenue $-2,866

TOTAL REVENUE $3,622,091

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,218,561

Fundraising Expenses $0

Program Expenses $3,577,365

Other Expenses $1,823,160

TOTAL EXPENSES $4,041,721

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,622,091	$3,604,457	+0.0%
Expenses	$4,041,721	$3,926,616	+0.0%
Net Income	$-419,630	$-322,159	+0.3%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$1,089,909

Total Directors

$3,145,952

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON YAPLE	BOARD MEMBER/CHAIR	2.00	Officer Director	$0	$0	$0
LILLIAN LEVY	BOARD MEMBER	2.00	Director	$0	$0	$0
KAY BOLAND	BOARD MEMBER/VICE CHAIR	2.00	Officer Director	$0	$123,712	$780,095
JOHN CARRIGG	BOARD MEMBER	2.00	Director	$0	$103,603	$806,114
LARRY WIESNER DO	BOARD MEMBER	2.00	Director	$0	$43,514	$1,211,802
CHRISTOPHER ROMA	BOARD MEMBER	2.00	Director	$0	$0	$0
GAIL THALACKER	BOARD MEMBER	2.00	Director	$0	$0	$0
PEGGY THOMAS	BOARD MEMBER	2.00	Director	$0	$33,308	$347,941
MARILYN BARBIERI	DIRECTOR OF FINANCE	14.00	Officer	$33,296	$20,421	$131,407
JAMES SHADDUCK	ADMINISTRATOR	3.00	Officer	$14,934	$29,064	$178,407
MICHELLE KAREDES	FORMER TRUSTEE	0.00		$0	$47,744	$246,451
CORY JACOBS	FORMER EX-OFFICIO	0.00		$0	$7,930	$176,453
MICHELE GORDON	FORMER ADMINISTRATOR	0.00		$0	$24,620	$188,847

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	$3,622,091	$4,041,721	$7,366,836	$-419,630
2022	$3,604,457	$3,926,616	$9,255,365	$-322,159
2021	$3,379,181	$3,872,177	$9,124,283	$-492,996
2020	$3,871,786	$3,917,923	$9,570,246	$-46,137
2019	$3,819,513	$4,074,010	$9,451,286	$-254,497
2018	$3,967,870	$4,033,481	$9,600,429	$-65,611

IDEAL SENIOR LIVING CENTER HOUSING CORPORATION