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Village Senior Services Corporation

New York, NY · EIN 26-2006545 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Village Senior Services Corporation reported $1.75 billion in revenue and $1.76 billion in expenses for calendar year 2024. Of every $100 it spent, $93.55 went to program services, $6.45 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 98.9% of the total. The highest compensation it reported for one person was $1,687,268 (PRESIDENT AND CEO). 210 people received more than $100,000 in reportable compensation. Revenue rose 119% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $1.76B

For context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $1.75B

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 5,634 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
93.5%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
6.5%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.5%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.1%
Program service revenue share
Part VIII 2g ÷ 12
98.9%93.7%
Highest reported compensation
Part VII-A, columns D–F
$1,687,268$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.10%1.34%
People paid over $100,000
Part VII, line 2
21027
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
1.26.6
Independent voting board members
Part VI 1a–1b
13 of 1488.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$1.64B expenses · 100.0% of program spending · revenue $1.73B

Vssc operates a partially capitated medicaid managed long-term care program (mltcp) plan, a dual eligible special needs plan (dsnp), and a medicaid advantage plus (map) plan. The mltcp plan covers a wide range of long term care services including a dedicated care team. The volume of memberships has increased to over 36,725 in 2024

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT AND CEO
Director/trustee, officer, 26.3 hrs/week
$0$1,599,374$87,894$1,687,268
CFO
Officer, 26.3 hrs/week
$0$717,034$59,518$776,552
SVP of Business Development & Health Plan Ops
Key employee, 35.0 hrs/week
$494,515$0$47,644$542,159
VP and General Counsel
Key employee, 25.0 hrs/week
$0$490,271$47,644$537,915
Chief Operating Officer (THROUGH 6/2024)
Officer, 35.0 hrs/week
$459,831$0$68,132$527,963
Medicare Benefit Advisor
Highest compensated employee, 35.0 hrs/week
$454,979$0$25,971$480,950
EVP of Clinical Svcs & Network Mgmt
Highest compensated employee, 35.0 hrs/week
$438,914$0$10,559$449,473
NURSE ASSESSOR
Highest compensated employee, 35.0 hrs/week
$406,530$0$0$406,530

210 people received more than $100,000 in reportable compensation from Village Senior Services Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.1M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$500M$1.00B$1.50B$2.00B201920202021202220232024$1.75B$1.76B
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$1.75B$1.76B93.5%$172M$1,687,268
2023 ⓘ$1.26B$1.23B94.2%$179M$1,445,143
2022 ⓘ$1.02B$988M93.6%$145M$1,303,885
2021 ⓘ$922M$865M93.8%$117M$1,317,693
2020 ⓘ$847M$833M94.4%$62M$1,118,251
2019 ⓘ$797M$801M94.7%$48M$1,015,744

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b14 · 13 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aNo
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 51,160
  • Volunteers Part I, line 613

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
MEDIMPACT
Pharmacy benefit mgt
$38,151,280
PLATINUM HOME HEALTH CARE INC
Provider
$31,004,824
NAE EDISON LLC EDISON HOME HEALTH CARE
Provider
$25,742,183
ASSISTCARE HH SVCS PREFERRED HC OF NY
Provider
$23,212,506
S & A UNIFIED HOME CARE INC
Provider
$20,025,804

Individuals listed as contractors are left out. 635 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Village Senior Services Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Village Senior Services Corporation, you can publish a response that is linked from this page.

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Questions people ask

How much of Village Senior Services Corporation's spending goes to programs?

In calendar year 2024, Village Senior Services Corporation reported that 93.5% of its $1.76 billion in expenses went to program services, 6.5% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Village Senior Services Corporation pay its top executive?

The largest total compensation Village Senior Services Corporation reported for one person in calendar year 2024 was $1,687,268, for the role of PRESIDENT AND CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Village Senior Services Corporation get its money?

Of $1.75 billion in revenue in calendar year 2024, 0.5% came from contributions and grants and 98.9% from program service revenue (Form 990, Part VIII).

Is Village Senior Services Corporation a registered charity?

The IRS lists EIN 26-2006545 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202503189349309435 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202443209349315809 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202303199349313170 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202202949349301335 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202143169349303509 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202003109349302620 · read the filing

All filings for EIN 26-2006545: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.