Miriam Osborn Memorial Home Association
Nonprofit profile at a glance
- EIN
- 135562312
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2023
- Location
- RYE, NY, USA
- Phone
- 9149258278
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $52,685,625
- Expenses
- $58,216,704
- Assets
- $161,769,076
- Liabilities
- $239,833,885
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- MATTHEW ANDERSON (PRESIDENT/CEO)
Highest reported compensation
- MATTHEW ANDERSON (PRESIDENT/CEO): $833,312 total reported compensation
- ROBERT S DAVIS (CFO AND TREASURER): $619,505 total reported compensation
- CHRISTOPHER FERRERI (CHIEF OPERATING OFFICER): $516,099 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Miriam osborn memorial home association operates to enrich the lives of those we serve in an inspiring, caring community while sustaining our commitment to excellence.
What it reported doing in 2024
The osborn operates a senior living community offering a continuum of care which includes independent living residences and services, assisted living residences and services, the h.o.p.e. Center for memory care, and a skilled nursing facility serving over 800 senior citizens, the pavilion. Medical and nursing staff are specialists in long term chronic care including care for those affected with alzheimer's disease and related dementia, and sub-acute care including short-term physical rehabilitation, sub-acute medical care, hospicecare, and respite care. Charity care not billed or collected at market rates was $1,687,556 in 2024. The estimated cost of providing charity care was $1,975,707 in 2024.
Operating model
- Revenue model
- Other-operating. 98% of the money available for current operations came from other operating 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 67
- Accountability: 100
- Sustainability: 27
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.3%; rating input score 91
- Program expense ratio: 81%; rating input score 81
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 6 of 6 controls in place; rating input score 100
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: -10.5%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 2.78; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 1.48; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 7%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: 1.8% per year; rating input score 100; 14th percentile among comparable filings
- Revenue growth: 2.3% per year; rating input score 100; 17th percentile among comparable filings
- Asset growth: -0.5% per year; rating input score 0; 6th percentile among comparable filings
Details
- Where the money goes: 91.3% of revenue deployed · 81% of spending went to programs
- Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $47.1M in reported program spending
- Leadership: top reported pay $833K · 28 people listed · 6 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $4.4M reported
- Consistency: 35 of 35 current checks pass
- Schedules: 9 filed schedules · includes major donors, foreign activity, and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 13 filed money-flow records
- Related organizations: 3 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: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Sustainability: Operating margin scored 8/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- High — Sustainability: Officer compensation ratio scored 7/100.