Financial Information
Home »About Us »Financial InformationCONSOLIDATED STATEMENT OF ACTIVITIES
DECEMBER 31, 2008 AND 2007
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2008
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2007
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Revenues, Gains and Other Support
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Skilled nursing facilities
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$67,119,596
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$62,924,739
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Day treatment centers
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7,898,155
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7,533,439
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Certified home health agency
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31,520,413
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34,161,980
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Case management
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2,763,057 |
2,087,996
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Long-term home health care program
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6,940,739
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4,872,304
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Grants & contributions
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3,644,613
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772,647
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Other revenues
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1,292,069
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7,941,889
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Total revenues, gains and other support
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$133,881,548
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$120,294,994
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Expenses
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Skilled nursing facilities
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$51,353,703
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$46,462,730
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Day treatment centers
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7,299,319
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7,533,669
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Certified home health agency
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34,303,074
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26,883,197
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Case management
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2,727,720
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2,161,554
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Long-term home health care program
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6,664,783
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4,814,098
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Interest
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1,824,882
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2,072,448
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Depreciation and amortization
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6,669,742
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6,308,898
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New York State revenue assessment
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3,810,544
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3,740,359
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Other
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16,801,141
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17,816,174
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Total Expenses
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136,659,650
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$117,813,127
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Change in net assets before other charges
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(2,778,102)
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2,481,867
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Net assets—beginning of year
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40,186,815
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37,704,948
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Net assets—end of year
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$34,907,007
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$40,186,815
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CONSOLIDATED BALANCE SHEET
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Current Assets
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Cash & investments
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$38,378,770
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$43,668,380
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Accounts receivable
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(net of allowance for doubtful accounts of $7,161,034 in 2008 and $5,683,981 in 2007)
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21,889,088
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21,618,283
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Other current assets
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3,519,263
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3,474,532
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Fixed assets
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(net of accumulated depreciation and amortization of $75,049,805 in 2008 and $68,211,616 in 2007)
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59,057,802
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58,645,779
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Other non-current assets
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50,816,075
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46,056,996
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Total assets
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$173,660,998
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$173,463,970*
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Liabilities and Net Assets
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Accounts payable and accrued expenses
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13,946,803
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14,434,477
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Due to third parties
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42,706,134
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27,721,625
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Other payables
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7,229,938
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11,747,385
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Total current liabilities
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$ 63,882,875
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$63,903,127
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Net Assets
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Unrestricted
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34,777,807
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40,122,615
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Restricted
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129,200
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64,200
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Total unrestricted net assets
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34,907,007
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40,186,815
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Total liabilities and net assets
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$173,660,998
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$173,463,970*
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