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CONSOLIDATED STATEMENT OF ACTIVITIES
DECEMBER 31, 2009 AND 2008

 
2009
2008
Revenues, Gains and Other Support
    
Skilled nursing facilities
$64,839,598
$67,119,596
Day treatment centers
7,383,643
7,898,155
Certified home health agency
44,445,402
41,294,031
Case management
 3,272,021 2,763,057
Long-term home health care program
8,338,098
6,940,739
Senior Housing
3,322,988
2,929,288
Grants & contributions
3,534,832
3,644,613
Other revenues
8,858,483
1,292,069
 
 
 
Total revenues, gains and other support
$143,995,065
$133,881,548
 
 
 
Expenses
 
 
Skilled nursing facilities
$46,875,469
$51,353,703
Day treatment centers
7,246,539
7,299,319
Certified home health agency
35,235,029
34,303,074
Case management
2,972,355
2,727,720
Long-term home health care program
7,969,329
6,664,783
Senior Housing

1,915,989

1,779,278
Outreach Programs
3,907,581
3,425,464
Interest
2,883,843
1,824,882
Depreciation and amortization
6,970,290
6,669,742
New York State revenue assessment
3,270,138
3,810,544
Other
16,163,237
16,801,141
 
 
 
Total Expenses
$136,409,799
$136,659,650
 
 
 
Change in net assets before other charges
8,585,266
(2,778,102)
Inclusion of The Momentum Project, Inc.
Opening Net Assets
--
206,711
Gain/Loss on Swap Agreement
1,592,423
(2,708,417)
 
    
Net assets—beginning of year
34,907,007
40,186,815
Net assets—end of year
$45,084,696
$34,907,007
     
 
 
 
 

CONSOLIDATED BALANCE SHEET
DECEMBER 31, 2009 AND 2008

    
     
Current Assets
 
 
Cash & investments
$55,940,571
$39,764,342
Accounts receivable
 
 
(net of Allowance for Doubtful Accounts of $7,581,797 in 2009 and $7,161,034 in 2008)
21,129,978
21,889,088
Other current assets
3,037,121
3,519,263
 
 
 
Fixed assets
    
(net of Accumulated Depreciation and Amortization of $82,0170921 in 2009 and $75,049,805 in 2008)
63,135,474
59,057,802
Other non-current assets
36,971,438
49,430,503
 
 
 
Total assets
180,214,582
173,660,998
 
 
 
Liabilities and Net Assets
 
 
 
    
Accounts payable and accrued expenses
14,304,870
13,946,803
Due to third parties
42,463,660
42,706,134
Other payables
5,685,165
7,229,938
 
 
 
Total current liabilities
$62,453,695
$63,882,875
 
 
 
Long Term Liabilities
Mortgage Payable/
Other Long-term liabilities
$72,676,191
$74,871,116
     
Net Assets
 
 
Unrestricted
44,985,496
34,777,807
Restricted
99,200
129,200
 
 
 
Total unrestricted net assets
45,084,696
34,907,007
 
 
 
Total liabilities and net assets
$180,214,582
$173,660,998


 

 

 

 

 

 

 

 

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