Chapin Home for the Aging

Nonprofit profile at a glance

EIN
135601035
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Queens, NY, USA
Phone
7187392523
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Nursing, Convalescent Facilities

Official website

Reported finances

Revenue
$21,469,008
Expenses
$25,021,814
Assets
$30,851,257
Liabilities
$11,117,430

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

Leadership & pay

17 people listed

Executive titles in this filing

  • REV SARAH BROWN (PRESIDENT)
  • DIANE CUCCHI ESQ (VICE PRESIDENT)

Highest reported compensation

  • JENNIFER MCMANAMAN LNHA (EXEC. VP & ADMINISTRATOR): $256,720 total reported compensation
  • WILLIAM B O'HARA JD CPA (CFO): $225,570 total reported compensation
  • VERNITA FORD RN (DIRECTOR OF NURSING): $188,752 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the organization is to provide various levels of necessary short term and long-term care that are typically characteristic of the aging process.

What it reported doing in 2024

Since 1869 chapin home for the aging has delivered long-term nursing and custodial care in a residential setting to the frail elderly. Long before the nursing home model was developed, chapin home operated and functioned as one. Throughout its history, chapin has responded to and confirmed with a number of challenges and regulatory requirements. The covid-19 pandemic placed chapin home residents at significant risk due to their elderly state and frail condition. The pandemic's initial us outbreak was most severe in New York city and was most concentrated in the immediate area where chapin home is located. With chapin's residents the most vulnerable of targets, the devastating effects of the pandemic are reflected in the low occupancy levels associated with the declining daily census, beginning in march of 2020. While the facility continued to maintain its 220 certified bed capacity, the average daily census for 2024 was only 140. The governing board of trustees remains committed to the organization's long-standing mission and is currently engaged in several endeavors to evaluate the current healthcare needs of the elderly and frail population to develop solutions that will secure chapin's future success in fulfilling its mission. There were 51,325 resident days in 2024.

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.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 91
  • Accountability: 90
  • Sustainability: 27
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 87.7%; rating input score 88
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 91.7%; rating input score 92; 24th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -16.5%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 1.23; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0.36; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 4.3%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: 1.1% per year; rating input score 100; 15th percentile among comparable filings
  • Revenue growth: -1.4% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -3% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 87.7% of spending went to programs
  • Governance: 11 of 12 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $22M in reported program spending
  • Leadership: top reported pay $257K · 17 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $7.6M reported
  • Consistency: 32 of 33 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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 — Sustainability: Operating margin scored 6/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.