Elderserve Health Inc
95% goes to programs Thin reserves Growing revenue
Elderserve Health Inc is a 501(c)(3) organization based in Bronx, New York, registered in 2013, with $1,265,590,864 in FY2024 revenue. CharityIndex grades it B+, and it directs about 95% of spending to programs.
5901 Palisade Ave, Bronx, NY, 10471 EIN 80-0517818 Since 2013
Revenue (FY2024)
$1.3B
▲ 11.6% vs prior year
Health median: $840K
Expenses (FY2024)
$1.3B
Net assets
$76.4M
Employees
429
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating95% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Elderserve Health Inc: 95% to programs earns a A+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Elderserve Health Inc: 1 mo reserves · +0% margin earns a C+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Elderserve Health Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Elderserve Health Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Managed long term care for frail, elderly, and disabled individuals.
Contact & location
- Address
- 5901 Palisade Ave, Bronx, NY, 10471
- City
- Bronx
- State
- New York
- Category
- Health Care
- Subcategory
- Nursing & Home Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $412.1M (FY2013) to $1.3B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $146.6MNet assets $76.4M
Operating margin
0.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$223.0M
Total liabilities
$146.6M
Net assets
$76.4M
Salaries & benefits
$58.0M
5% of expenses
Board members
16
16 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,265,590,864▲11.6% | $1,262,206,822▲12.2% | $76,436,173▲6.9% | $223,017,693▲1.9% | 990 |
| 2023 | $1,134,251,357▲13.7% | $1,124,610,958▲7.4% | $71,510,671▲23.2% | $218,879,431▲1.3% | 990 |
| 2022 | $997,992,527▲4.3% | $1,046,826,924▲10.4% | $58,040,044▼54.8% | $216,086,323▼22.0% | 990 |
| 2021 | $957,027,070▼0.3% | $948,213,531▲1.1% | $128,512,124▲6.7% | $276,950,489▼6.5% | 990 |
| 2020 | $959,839,360▲1.7% | $937,741,814▼2.6% | $120,436,772▲40.3% | $296,110,191▲35.0% | 990 |
| 2019 | $943,724,186▲19.8% | $962,616,773▲23.6% | $85,828,468▼20.5% | $219,261,791▼18.4% | 990 |
| 2018 | $787,949,092▲22.7% | $778,986,629▲23.5% | $108,021,376▲4.6% | $268,652,770▲4.3% | 990 |
| 2017 | $642,224,827▲6.2% | $630,801,784▲10.0% | $103,298,961▲13.5% | $257,588,541▲26.3% | 990 |
| 2016 | $604,643,869▲5.5% | $573,385,192▲0.8% | $91,050,926▲54.6% | $203,979,058▲34.5% | 990 |
| 2015 | $573,294,553▲7.1% | $568,558,414▲10.9% | $58,900,707▲7.4% | $151,683,005▲15.4% | 990 |
| 2014 | $535,459,581▲29.9% | $512,506,952▲29.3% | $54,854,981▲73.2% | $131,407,684▲14.4% | 990 |
| 2013 | $412,089,800 | $396,258,257▲58.4% | $31,662,997▲90.4% | $114,855,108▲59.3% | 990 |
| 2012 | — | $250,084,772 | $16,632,849 | $72,080,831 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Susan Aldrich — $960,713 (0.08% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Susan Aldrich | Ceo/executive Vp | 35 | $960,713 |
| Jenny Ling | Sr. Vp of Regulatory Affairs | 35 | $431,616 |
| John Kehoe | Sr. Vp of Finance | 35 | $417,621 |
| Peter K Davidson | Medical Director | 35 | $410,099 |
| Julieanne J Lau | Sr. Vp of Clinical Operations | 35 | $317,380 |
| Elizabeth Musto | Mltc-avp of Isnp | 35 | $304,600 |
| Camille Sands | Vp of Outreach | 35 | $299,424 |
| Irina Vainrib | Vp of Clinical Operations | 35 | $293,824 |
| Michelle A Lugo | Mltc-vp Finance | 35 | $284,817 |
| Marcia Konrad | Senior Vp of Quality | 35 | $280,562 |
| Andrew L Gaines | Vice Chair | 1 | — |
| Carl Wilner | Interim Cfo | 5 | — |
| Constantine Dimas | Trustee | 1 | — |
| Daniel Reingold | President | 1 | — |
| David Pomeranz | Chief Operating Officer | 25 | — |
| David Sable | Trustee | 1 | — |
| Eliot Engel | Trustee | 1 | — |
| Isabel Rivera | Trustee | 1 | — |
| James Shifren | Trustee | 1 | — |
| James Shifren | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| S&a Unified Home Care | Home Care | $45,876,068 |
| Good Care Agency Inc | Home Care | $36,887,850 |
| Americare Inc | Home Care | $34,384,373 |
| Assistcare Home Health Services LLC | Home Care | $24,216,013 |
| Bnv Home Care Agency Inc | Home Care | $24,019,669 |
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Compare Elderserve Health Inc
Frequently asked questions
- Is Elderserve Health Inc a legitimate nonprofit?
- Yes. Elderserve Health Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 80-0517818, based in Bronx, New York. Donations are tax-deductible.
- What is Elderserve Health Inc's EIN?
- Elderserve Health Inc's Employer Identification Number (EIN) is 80-0517818.
- How much revenue does Elderserve Health Inc report?
- Elderserve Health Inc reported $1,265,590,864 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Elderserve Health Inc's spending goes to programs?
- Elderserve Health Inc spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Elderserve Health Inc have?
- CharityIndex grades Elderserve Health Inc B+, based on program efficiency and fundraising cost.
- How much does Elderserve Health Inc's highest-paid employee make?
- The highest reported compensation on Elderserve Health Inc's latest Form 990 is $960,713, paid to Susan Aldrich (Ceo/executive Vp).
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Data for Elderserve Health Inc (EIN 80-0517818) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.