The Montefiore Home
The Montefiore Home reported $3.6 million in revenue and $13.7 million in expenses for the fiscal year ending June 30, 2024. Of every $100 it spent, $86.00 went to program services, $14.00 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: 306.6% of the total. The highest compensation it reported for one person was $590,071 (PRESIDENT & CEO THRU 2/21/23). 5 people received more than $100,000 in reportable compensation. Revenue fell 89% between FY2020 and FY2024. Source: Form 990, FY2024.
Where $100 of spending went
The fiscal year ending June 30, 2024 · Form 990, Part IX, line 25 · total expenses $14MFor 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
The fiscal year ending June 30, 2024 · Form 990, Part VIII · total revenue $3.6M- Contributions & grants (non-government)$3.99 $463K
- Government grants$0.12 $13,575
- Program service revenue$93.81 $11M
- Other revenue$2.08 $242K
Investment income was negative: −$8.1M. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 86.0% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.0% | 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 | 13.4% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.4% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 306.6% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $590,071 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 4.30% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 5 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -1.5 | 6.6 |
| Independent voting board members Part VI 1a–1b | 4 of 4 | 88.9% |
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
FY2024 · Form 990, Part III · the three largest programs by expenseNursing home care: the Montefiore Home provides nursing home care and therapy for the aged and ill. Montefiore strives to be recognized as the center of excellence for promotion of wellness treatment and care of illness, and attainment of the highest possible quality of life for the aging community
Hospice: montefiore hospice seeks to bring pain management and symptom control, as well as ultimate caring and compassion to those with a life-limiting illness, their caregivers, families and loved ones. We provide our signature care in the patient's own home, our inpatient unit or in other healthcare facilities
Highest reported compensation
FY2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO THRU 2/21/23 Former, 0.00 hrs/week | $0 | $581,378 | $8,693 | $590,071 |
| CFO AS OF 5/15/23 Officer, 0.00 hrs/week | $0 | $380,171 | $11,982 | $392,153 |
| PRESIDENT & COO AS OF 2/22/23 Officer, 0.00 hrs/week | $0 | $326,558 | $16,747 | $343,305 |
| MEDICAL DIRECTOR - HOSPICE Highest compensated employee, 40.00 hrs/week | $240,481 | $0 | $0 | $240,481 |
| CHIEF FINANCIAL OFFICER THRU 5/26/23 Former, 0.00 hrs/week | $0 | $176,088 | $14,419 | $190,507 |
| NURSE PRACTITIONER Highest compensated employee, 40.00 hrs/week | $140,865 | $0 | $17,525 | $158,390 |
| DIRECTOR OF NURSING Highest compensated employee, 40.00 hrs/week | $140,049 | $0 | $15,499 | $155,548 |
| NURSE RN Highest compensated employee, 40.00 hrs/week | $117,778 | $0 | $25,830 | $143,608 |
5 people received more than $100,000 in reportable compensation from The Montefiore Home (Part VII, line 2).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2024 · 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–1b4 · 4 independent
- Audited financial statements Part XII 2bNo
- 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 15aYes
- 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 4No
- 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 5443
- Volunteers Part I, line 680
Largest outside contractors
FY2024 · Form 990, Part VII, Section B · businesses only| INTELYCARE INC Nursing staff | $529,145 |
| EHTL LLC DBA EADIE HILL TRIAL LAWYERS Legal settlement | $285,000 |
| BRICKER GRAYDON LLP Legal services | $177,307 |
| BONEZZI SWITZER POLITO & PERRY CO LPA Legal services | $114,794 |
Individuals listed as contractors are left out. 6 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from The Montefiore Home's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Montefiore Home, you can publish a response that is linked from this page.
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Of every $100 The Montefiore Home spent in FY2024, $86.00 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of The Montefiore Home's spending goes to programs?
In the fiscal year ending June 30, 2024, The Montefiore Home reported that 86.0% of its $13.7 million in expenses went to program services, 14.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does The Montefiore Home pay its top executive?
The largest total compensation The Montefiore Home reported for one person in the fiscal year ending June 30, 2024 was $590,071, for the role of PRESIDENT & CEO THRU 2/21/23 (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Montefiore Home get its money?
Of $3.6 million in revenue in the fiscal year ending June 30, 2024, 13.4% came from contributions and grants (including 0.4% from government grants) and 306.6% from program service revenue (Form 990, Part VIII).
Is The Montefiore Home a registered charity?
The IRS lists EIN 34-0714360 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. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202641359349306054 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202430719349300018 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341239349302424 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231329349305463 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121339349304357 · read the filing
All filings for EIN 34-0714360: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.