Providence Rest

Overview

Mission

It is our mission to provide exceptional skilled nursing and rehabilitative care in a safe, peace-filled, spiritually-centered environment to the older adults entrusted to us. We consider it our privilege to care for each person as god's precious gift of life and love. We fully commit ourselves to a circle of community with our residents as the center, surrounded by staff, families and friends; the recognition of each resident as an autonomous individual with special and unique needs, interests and preferences; the involvement of all staff in the daily lives of our residents; creating a care environment where all the members of our community work in harmony to provide a happy home.

What it reported doing in 2024

Our snf offers short term rehabilitation, subacute services, long term care and respite care. In addition, we have a comprehensive palliative care program and provide in-patient home hospice care. Our services focus on the older adults in our community. We have a person-centered philosophy, focusing on all the needs of each individual entrusted to us physical, spiritual, psychological and social. We had 597 admissions to providence rest in 2024, discharged 417 residents back to their homes. We rendered 70,628 days of resident care and 77 days of respite care. Providence rest continued to extend the boundaries of the home to the community at large, sharing expertise, programs and resources, through internship programs, community information programs, health fair participation and other outreach efforts including providing the board of elections with providence as a new, handicapped accessible polling site.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
131740301
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Bronx, NY, USA
Phone
7189313000
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Nursing, Convalescent Facilities

Official website

Reported finances

Revenue
$33,395,897
Expenses
$36,642,467
Assets
$28,782,326
Liabilities
$27,277,591

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 64
  • Accountability: 95
  • Sustainability: 19
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.7%; rating input score 94
  • Program expense ratio: 84.4%; rating input score 84
  • Fundraising efficiency: $79.27 raised per $1 spent on fundraising; rating input score 82; 82nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 20th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 75.9%; rating input score 76; 15th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -9.7%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 0.79; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 0.95; rating input score 7; 7th percentile among comparable filings
  • Officer compensation ratio: 5.7%; rating input score 45; 45th percentile among comparable filings

Growth

  • Program expense growth: 1.3% per year; rating input score 100; 16th percentile among comparable filings
  • Revenue growth: 0.7% per year; rating input score 100; 10th percentile among comparable filings
  • Asset growth: -5.3% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 93.7% of revenue deployed · 84.4% of spending went to programs
  • Governance: 22 of 22 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $30.9M in reported program spending
  • Leadership: top reported pay $2.4M · 32 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $6.9M reported
  • Consistency: 36 of 37 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 annual filings from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 32 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 10/100.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 7/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 45/100.

Leadership & pay

32 people listed

Highest reported compensation

  • SCOTT P LA RUE (PRESIDENT & CEO): $2,416,042 total reported compensation
  • ANNMARIE COVONE (EXECUTIVE VP/CFO): $1,736,036 total reported compensation
  • RICHARD P BISCOTTI (ADMINISTRATOR): $381,746 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024.