Valley Home Care Inc
78% goes to programs $0 to raise $100 Strong reserves Growing revenue
Valley Home Care Inc is a 501(c)(3) organization based in Paramus, New Jersey, registered in 1993, with $76,717,010 in FY2024 revenue. CharityIndex grades it A, and it directs about 78% of spending to programs.
15 Essex Rd Ste 301, Paramus, NJ, 07652 EIN 22-3208480 Since 1993
Revenue (FY2024)
$76.7M
▲ 11.5% vs prior year
Health median: $840K
Expenses (FY2024)
$62.9M
Net assets
$87.7M
Employees
495
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating78% to programs · $0 to raise $100
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 Valley Home Care Inc: 78% to programs · $0 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating17 mo reserves · +18% 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 Valley Home Care Inc: 17 mo reserves · +18% margin earns a A 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 Valley Home Care Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Valley Home Care Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Valley home care provides an integrated delivery of both home health and wellness programs to its service area of passaic and bergen counties 24 hours a day seven days a week. in 2024, this care included over 275,000 home visits provided by a dedicated and well educated staff including nurses, physical, occupational and speech therapists, home health aides, social workers and specialty clinicians.
What they do
The valley hospice provides end of life care to patients in passaic and bergen county. the valley hospice assists over 1,440 patients and families makes over 90,000 home visits each year. the valley hospice not only provides comfort and medical care to its patients with highly trained clinical staff, but also helps the family in coping with the loss of a loved one. this is accomplished through many programs which are available such as the bereavement program, which helps the family cope with the situation. also, the journeys program, which is an art therapy program to help the children and siblings deal with the loss of a loved one.
Valley home care other program refers to the outpatient rehabilitation service with over 15,100 visits provided to needed patients helping them to stay in their home.
The maternal child health program provides home care services to those patients under eighteen years old. the majority of the patients on this program are infants and their mother. the care provided to this group of patients range from medical needs of the children to the parental educational needs of the family. many of the young children who come to valley home care do so with significant medical needs and remain valley home care patients into adulthood. the maternal child health program also has a pediatric hospice component, the butterflies program, which cares for the terminally ill pediatric patient. the maternal child health program makes over 3,800 visits annually by various valley home care staff members.
Contact & location
- Address
- 15 Essex Rd Ste 301, Paramus, NJ, 07652
- City
- Paramus
- State
- New Jersey
- Category
- Health Care
- Subcategory
- Nursing & Home Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $38.0M (FY2013) to $76.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $11.7MNet assets $87.7M
Operating margin
18.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$99.4M
Total liabilities
$11.7M
Net assets
$87.7M
Salaries & benefits
$51.8M
82% of expenses
Board members
19
18 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $76,717,010▲11.5% | $62,920,797▲4.0% | $87,738,958▲19.8% | $99,449,626▲16.7% | 990 |
| 2023 | $68,818,239▲3.8% | $60,515,395▲2.9% | $73,256,914▲24.2% | $85,226,459▲21.4% | 990 |
| 2022 | $66,272,594▲3.4% | $58,821,522▲13.7% | $59,004,360▲1.3% | $70,208,195▲3.1% | 990 |
| 2021 | $64,068,063▲13.9% | $51,714,582▲6.9% | $58,253,184▲29.3% | $68,097,114▲6.4% | 990 |
| 2020 | $56,228,365▼3.1% | $48,379,120▼39.2% | $45,069,924▲24.7% | $64,031,037▲39.7% | 990 |
| 2019 | $58,015,781▲3.8% | $79,580,051▲64.2% | $36,133,880▼35.7% | $45,838,156▼28.6% | 990 |
| 2018 | $55,912,472▲9.4% | $48,468,097▲10.7% | $56,227,194▲14.1% | $64,174,208▲13.5% | 990 |
| 2017 | $51,124,783▲11.9% | $43,768,056▲13.0% | $49,273,183▲19.8% | $56,549,052▲17.2% | 990 |
| 2016 | $45,692,750▲12.9% | $38,735,442▲7.6% | $41,130,843▲20.7% | $48,234,471▲19.4% | 990 |
| 2015 | $40,487,495▲5.9% | $36,010,094▼0.9% | $34,067,616▲14.2% | $40,399,265▲13.0% | 990 |
| 2014 | $38,230,557▲0.6% | $36,322,729 | $29,843,952▲8.1% | $35,765,781▲5.5% | 990 |
| 2013 | $37,998,878 | $36,313,527▲7.0% | $27,598,623▲7.9% | $33,905,251▲9.8% | 990 |
| 2012 | — | $33,953,028▲4.0% | $25,578,476▲15.0% | $30,874,645▲16.0% | 990 |
| 2011 | — | $32,646,806▼2.7% | $22,236,519▲10.8% | $26,614,036▲8.5% | 990 |
| 2010 | — | $33,546,484 | $20,075,913 | $24,518,156 | 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: Fariba Haghshenas — $262,925 (0.42% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Fariba Haghshenas | Former Highly Compensated Employee | 0 | $262,925 |
| Rosemarie Ranuro | Director, Clinical Services | 40 | $244,623 |
| Ramzi Issa | Admission Nurse | 40 | $205,867 |
| Maribeth Kearney | Director | 40 | $177,435 |
| Joseph P So | Physical Therapist | 40 | $173,818 |
| Marla Akin | Director | 40 | $171,416 |
| Ann Limberg | Vice Chair | 0.1 | — |
| Audrey Meyers | President/ceo, Vhs, Thru June 2024 | 1.8 | — |
| Bruce Mactas | Trustee | 0.1 | — |
| Denis Salamone | Secretary | 0.1 | — |
| Duane Sachs | Trustee | 0.1 | — |
| Frank J Sheehy | Vice Chair | 0.1 | — |
| James Bush | Trustee | 0.1 | — |
| Jeffrey Tucker | Trustee | 0.1 | — |
| Joseph Marion | Treasurer | 0.1 | — |
| Judy Baselice | Trustee | 0.1 | — |
| Kevin Lobo | Chair | 0.1 | — |
| Michael Mcguire | Trustee | 0.1 | — |
| Michelle Hasson | Trustee | 0.1 | — |
| M Shawn Kennedy | Trustee | 0.1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Christian Health Care Center | Nursing Home Services | $485,153 |
| Home Care Home Base | Software and Maintenance Services | $422,697 |
| Mcbee Associates Inc | Medical Services/review | $358,312 |
| Checkit Medical | Medical Services | $254,306 |
| Medalogix LLC | Software and Licencsing Fees | $252,388 |
Grants received · $72K total
8 grants to Valley Home Care Inc totaling $72K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Greater Washington Community Foundation | General support | 2021 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $6,100 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $6,100 |
| Greater Washington Community Foundation | General support | 2020 | $10,000 |
| Greater Washington Community Foundation | General support | 2020 | $10,000 |
| Greater Washington Community Foundation | — | 2019 | $10,000 |
| Greater Washington Community Foundation | General support building | 2018 | $10,000 |
| Greater Washington Community Foundation | General support building | 2017 | $10,000 |
Grants made · $1.0M in FY2023
1 grant totaling $1.0M in FY2023. All grants made by Valley Home Care Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Valley Hospital Foundation | To support the construction of the new hospital | $1,000,000 |
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Frequently asked questions
- Is Valley Home Care Inc a legitimate nonprofit?
- Yes. Valley Home Care Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-3208480, based in Paramus, New Jersey. Donations are tax-deductible.
- What is Valley Home Care Inc's EIN?
- Valley Home Care Inc's Employer Identification Number (EIN) is 22-3208480.
- How much revenue does Valley Home Care Inc report?
- Valley Home Care Inc reported $76,717,010 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Valley Home Care Inc's spending goes to programs?
- Valley Home Care Inc spends about 78% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Valley Home Care Inc have?
- CharityIndex grades Valley Home Care Inc A, based on program efficiency and fundraising cost.
- How much does Valley Home Care Inc's highest-paid employee make?
- The highest reported compensation on Valley Home Care Inc's latest Form 990 is $262,925, paid to Fariba Haghshenas (Former Highly Compensated Employee).
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Data for Valley Home Care Inc (EIN 22-3208480) 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.