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)

4 risk indicators measuring financial stability and operational resilience

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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

MAINTAIN AND OPERATE A CHRONIC AND CONVALESCENT NURSING HOME.

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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 $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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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

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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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