Carmel Richmond Nursing Home Inc
Overview
Mission
The nursing home is devoted to caring for the sick and disabled with compassion in the tradition of catholic health care. It seeks to deliver high quality care, to treat all patients with dignity, and to provide a caring environment for patients at the nursing home. As a participating member of the catholic health care system, the nursing home is also committed to furthering the system's ability to promote high quality care, to enhance its services, and to operate effectively as a health care system.
What it reported doing in 2024
Care services at carmel richmond include: 24-hour skilled nursing services; short-term rehabilitation services including speech, physical and occupational therapy; clinical and physician services including consulting physicians for dental, ophthalmology, and podiatry; laboratory services; religious services; recreation therapy; radiology services; nutrition services; iv therapy; pain management; hospice, and family and resident councils. In 2024, the home rendered 107,672 nursing home days of care to 1,346 patients.
Operating model
- Revenue model
- Earned-program. 97% 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
- 132720248
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Staten Island, NY, USA
- Phone
- 6466334700
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Nursing, Convalescent Facilities
Reported finances
- Revenue
- $53,117,646
- Expenses
- $52,542,370
- Assets
- $54,526,523
- Liabilities
- $11,137,267
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: 73
- Transparency & Controls: 65
- Accountability: 95
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.2%; rating input score 82
- Program expense ratio: 82.4%; rating input score 82
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th 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: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 76th 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: 1.1%; rating input score 38; 38th percentile among comparable filings
- Total-asset coverage ratio: 1.04; rating input score 40; 40th percentile among comparable filings
- Liabilities to assets ratio: 0.2; rating input score 67; 67th percentile among comparable filings
- Officer compensation ratio: 4.9%; rating input score 18; 18th percentile among comparable filings
Growth
- Program expense growth: 2% per year; rating input score 100; 15th percentile among comparable filings
- Revenue growth: 2.2% per year; rating input score 100; 16th percentile among comparable filings
- Asset growth: 2.7% per year; rating input score 100; 19th percentile among comparable filings
Details
- Where the money goes: 82.2% of revenue deployed · 82.4% of spending went to programs
- Governance: 22 of 22 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $43.3M 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 · $8.5M reported
- Consistency: 35 of 35 current checks pass
- Schedules: 7 filed schedules · includes major donors 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: 31 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.
- Moderate — Sustainability: Operating margin scored 38/100.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
- High — Sustainability: Officer compensation ratio scored 18/100.
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
- MARY E FRANCIS (EXECUTIVE DIRECTOR): $329,430 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024.