YALE NEW HAVEN CARE CONTINUUM CORPORATION

EIN: 455235566 501(c)(3) Health Care

NEW HAVEN, CT

Total Revenue
$17,195,980
Total Expenses
$21,134,386
Total Assets
$12,058,346
Net Assets
$-39,129,606
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
CT
Principal Officer
GAIL KOSYLA
Phone
2036682603
Tax Period
2023-10-01 to 2024-09-30

YALE NEW HAVEN CARE CONTINUUM CORPORATION, founded in 2012, is a mid-sized nonprofit in the Health Care sector that reported $17.2M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $21.1M exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE LONG-TERM CARE FOR THOSE UNABLE TO LIVE INDEPENDENTLY AND SHORT-TERM REHABILITATION FOR PATIENTS WHO HAVE EXPERIENCED ELECTIVE SURGERY, AN INJURY OR A TRAUMATIC MAJOR ILLNESS.

Program Service Accomplishments

Program 1
Expenses: $18,312,945 Revenue: $17,193,993

THE CORPORATION OPERATES A 114-BED SKILLED NURSING FACILITY THAT PROVIDES LONG-TERM CARE FOR THOSE UNABLE TO LIVE INDEPENDENTLY AND SHORT-TERM REHABILITATION FOR PATIENTS WHO HAVE EXPERIENCED...

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THE CORPORATION OPERATES A 114-BED SKILLED NURSING FACILITY THAT PROVIDES LONG-TERM CARE FOR THOSE UNABLE TO LIVE INDEPENDENTLY AND SHORT-TERM REHABILITATION FOR PATIENTS WHO HAVE EXPERIENCED ELECTIVE SURGERY, AN INJURY OR A TRAUMATIC MAJOR ILLNESS. DURING FY24 THE CORPORATION HAD 34,675 PATIENT DAYS AND PROVIDED VARIOUS SERVICES INCLUDING BUT NOT LIMITED TO RESPITE CARE FOR FAMILY MEMBERS AND CAREGIVERS WHO NEED A REST FROM THE DEMANDS OF PROVIDING CONTINUOUS CARE AT HOME; STROKE RECOVERY FOR VICTIMS OF STROKE WHO OFTEN REQUIRE EXTENDED REHABILITATION SERVICES IN ORDER TO ACHIEVE A LEVEL OF FUNCTIONALITY THAT ALLOWS THEM TO RETURN HOME; PROVIDE CARE FOR LVAD AND HVAD PATIENTS, ORTHOPEDIC RECOVERY FOR PATIENTS WHO HAVE UNDERGONE BONE AND/OR JOINT SURGERY, INCLUDING INDIVIDUALIZED ONE-ON-ONE THERAPY WITH TRAINED STAFF, FOR PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY, SEVEN DAYS A WEEK; RESPIRATORY THERAPY SERVICES 7 DAYS A WEEK FOR THOSE PATIENTS WITH COPD, PNEUMONIA, TRACHS, IV THERAPY, WOUND VAC, CHEST PERCUSSION THERAPY, ETC; PARTNERSHIP WITH SMILOW TEAM TO PROVIDE SERVICES FOR REHABILITATION SERVICES TO PATIENTS BEING TREATED AT SMILOW AND COORDINATE SERVICES TO AND FROM THE MAIN CAMPUS; A CONTRACT IS IN PLACE WITH THE MOLECULAR NEUROSCIENCE INSTITUTE TO PROVIDE A CONTROLLED ENVIRONMENT FOR STUDY PATIENTS WHILE UNDERGOING TREATMENT; REHABILITATION AND LONG-TERM CARE FOR PATIENTS THAT ARE UNDOCUMENTED OR DO NOT HAVE INSURANCE TO COVER THEIR STAY IN A FACILITY, AND QUICK ACCESS TO LABS, MEDICATIONS AND DIAGNOSTIC SERVICES (SUCH AS RADIOLOGICAL SERVICES).

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Trantor Score

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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 $13,893,993
Investment Income $0
Other Revenue $3,301,987
TOTAL REVENUE $17,195,980

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,218,196
Fundraising Expenses $0
Program Expenses $18,312,945
Other Expenses $8,916,190
TOTAL EXPENSES $21,134,386

Year-over-Year Comparison

2023 2022 Change
Revenue $17,195,980 $12,770,932 +0.3%
Expenses $21,134,386 $19,683,359 +0.1%
Net Income $-3,938,406 $-6,912,427 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
3
Independent Members
N/A
Employees
162
Volunteers
50

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
$3,002,447
Total Directors
4
$3,002,447
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VINCENT TAMMARO FORMER OFFICER 0.00
$0 $0 $2,486,567
THOMAS BALCEZAK PRES/TRUSTEE (CURRENT YR COMP) 1.00
Officer Director
$0 $534,358 $2,171,362
THOMAS BALCEZAK PRES/TRUSTEE (VESTED DEFERRED) 1.00
Officer Director
$0 $0 $167,594
OLUKEMI AKANDE SECRETARY/TRUSTEE 1.00
Officer Director
$0 $52,189 $398,186
CYNTHIA GIBBONS TREASURER/TRUSTEE 1.00
Officer Director
$0 $33,314 $265,305
MARLYN ORTIOLA NURSE 40.00
Highest
$215,067 $37,903 $252,970
CHERRY YEE NURSE 40.00
Highest
$200,116 $17,526 $217,642
FLORDELIZA YBANEZ NURSE 40.00
Highest
$202,428 $13,380 $215,808
GRACITA DUMAPIT NURSE 40.00
Highest
$165,355 $37,465 $202,820
ARSENIA CALLANTA NURSE 40.00
Highest
$153,547 $41,840 $195,387
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 $17,195,980 $21,134,386 $12,058,346 $-3,938,406
2023 $12,770,932 $19,683,359 $9,904,564 $-6,912,427
2022 $11,959,296 $15,543,068 $10,517,027 $-3,583,772
2021 $9,013,188 $16,788,302 $4,579,216 $-7,775,114
2020 $12,795,983 $17,495,371 $6,107,898 $-4,699,388
2019 $13,030,075 $16,283,540 $6,649,811 $-3,253,465
2018 $12,924,824 $15,375,219 $6,723,323 $-2,450,395
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