Overview
What is Elderplan Inc?
Elderplan Inc is a New York-based, not-for-profit health plan dedicated to caring for New Yorkers, primarily focusing on at-risk adults aged 65 and over and individuals with special needs. With a rich history dating back to 1907, Elderplan embodies the core values of compassion, dignity, and respect, initially established by four Brooklyn ladies. Serving various religious and cultural backgrounds, as well as gender identity, sexual orientation, and military status, Elderplan offers specialized plans to help beneficiaries receive essential support, guidance, care coordination, and health-related services, enabling them to remain safely at home. Elderplan also offers health plans for beneficiaries living in contracted nursing homes and assisted living communities. As a not-for-profit organization, Elderplan reinvestes its earnings to bring improved benefits to its members and believes that healthcare is about more than just medical care; it's about caring about people too. Elderplan, which includes Homefirst, served 29,147 members across New York City, Westchester, Nassau, Suffolk, Putnam, Rockland, Dutchess, Ontario, Orange, and Monroe Counties as of December 31, 2022. As a Medicare managed care and Medicaid managed long-term care program, Elderplan's mission is to empower adults to achieve their greatest level of independence and quality of life through pioneering healthcare and social support programs.
Official website here: www.mjhs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Elderplan Inc has achieved an impressive rating of 95% from Charity Navigator, reflecting strong accountability and financial management practices. The charity's score is primarily based on its robust performance in the Accountability & Finance category, illustrating its commitment to transparency and responsible stewardship of resources.
The organization benefits from an independent board, with 85% of its members being independent, which enhances governance and decision-making. Furthermore, it has maintained rigorous financial oversight, as evidenced by perfect scores in several key areas, including financial statement auditing and conflict of interest policies. The high program expense ratio indicates that a significant portion of funds is directed towards its programs, underscoring its mission-driven approach.
Despite its strengths, there is limited discussion on the impact or effectiveness of its programs in the feedback. While the financials are well-managed, potential donors may seek more information regarding the tangible outcomes of Elderplan Inc's initiatives to fully assess the charity's overall influence and reach in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Elderplan Inc legitimate?
Elderplan Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elderplan Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,112,230
Professional Fundraising Fees: $0
Other Salaries and Wages: $91,339,190
For more financial information, click here
Official website here: www.mjhs.org
What is the mission statement of Elderplan Inc?
Elderplan Inc is a health plan that manages both Medicare and Medicaid contracts, specializing in long-term care support. With over 35 years of experience, Elderplan upholds the founding values of compassion, dignity, and respect. As a not-for-profit organization, Elderplan aims to empower adults aged 65 and above, as well as individuals with special needs, to achieve optimal independence and quality of life through innovative healthcare and social support programs. By providing guidance and care, Elderplan enables its members to reach their greatest potential.
Official website here: www.mjhs.org
Who is the CEO of Elderplan Inc?
David Wagner is the Ceo, President of Elderplan Inc. The CEO's salary of Elderplan Inc is $0 and their total compensation is $1,091,605.
Official website here: www.mjhs.org
What is the revenue of Elderplan Inc?
Elderplan Inc's revenue in 2022 was $1,259,573,317.
Official website here: www.mjhs.org
Who are the executives of Elderplan Inc and what are their salaries?
The average compensation at Elderplan Inc during 2022 was $91,718. There are 1008 employees and 12 volunteers at Elderplan Inc.
Here are 25 key members and their salaries (Elderplan Inc's CEO's salary is $0 and their total compensation is $1,091,605):
- Compensation: $0
- Related: $1,134,355
- Other: $121,559
- Compensation: $0
- Related: $992,892
- Other: $98,713
- Compensation: $0
- Related: $626,673
- Other: $107,067
- Compensation: $0
- Related: $508,818
- Other: $125,964
- Compensation: $531,916
- Related: $0
- Other: $72,116
- Compensation: $502,131
- Related: $0
- Other: $53,159
- Compensation: $468,995
- Related: $0
- Other: $74,555
- Compensation: $0
- Related: $509,863
- Other: $21,948
- Compensation: $388,993
- Related: $0
- Other: $59,825
- Compensation: $348,256
- Related: $0
- Other: $43,660
- Compensation: $341,643
- Related: $0
- Other: $39,809
- Compensation: $347,398
- Related: $0
- Other: $28,712
- Compensation: $13,390
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mjhs.org
Where can I find the form 990 for Elderplan Inc?
Elderplan Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mjhs.org
Learn more at the official website: www.mjhs.org
Mission Statement of Elderplan Inc
Elderplan Inc, a not-for-profit health plan based in New York State, is dedicated to supporting, guiding, and caring for adults aged 65 and over and individuals with special needs. With over three decades of experience, Elderplan carries on the core values of compassion, dignity, and respect, first established by four Brooklyn ladies in 1907.
Founded as one of the original Social Health Maintenance Organizations in the country, Elderplan has grown to become one of the largest and most highly-rated Managed Long-Term Care plans in New York. By offering Medicare and Medicaid contracts, Elderplan empowers its members to achieve their greatest level of independence and quality of life through pioneering healthcare and social support programs.
As a member of MJHS Health System, Elderplan remains committed to its mission of caring for its members with kindness and respect. The organization's compassionate approach is demonstrated through its extensive range of healthcare and social services, designed to meet the unique needs of the elderly and individuals with special needs. By providing customized care plans and comprehensive support services, Elderplan enables its members to live their lives to the fullest, with dignity and independence.
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Impact
October, 2024
Elderplan Inc significantly impacts the healthcare landscape in New York by providing essential Medicare managed care and Medicaid managed long-term care programs. Catering specifically to at-risk populations, including dual-eligible members, Elderplan focuses on delivering comprehensive support and care coordination for individuals of diverse backgrounds, including various religious and cultural identities, gender orientations, and military statuses.
As one of New York State's oldest and largest managed long-term care plans, Elderplan is dedicated to helping members remain safely in their homes while accessing necessary health-related services. Through its HomeFirst program, members receive specialized services tailored to their unique needs, reinforcing the plan's commitment to optimizing independence and enhancing quality of life for seniors and individuals with special needs.
Elderplan's dedication to compassion, dignity, and respect, principles established by its founders over a century ago, is evident in its approach to healthcare. By reinvesting earnings into improved benefits, Elderplan ensures that its members receive high-quality care and resources designed to empower them. With a membership of over 29,000 individuals across several counties, Elderplan plays a crucial role in promoting health and well-being among New Yorkers, reflecting the organization’s unwavering mission to care not just for people, but about them.
This information is meant to be a general summary of Elderplan Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,650,052
- Program Service Revenue: $1,256,923,265
- Gross Receipts: $1,301,176,338
Assets and Liabilities:
- Total Assets: $501,767,408
- Total Liabilities: $260,353,338
- Net Assets: $241,414,070
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CAPITATION PAYMENTS
Revenue
$1,255,351,142
MEMBER SURPLUS INCOME
Revenue
$1,572,123
Organization Details
Founding Year
1982
Phone
(718) 491-7208Principal Officer
David Wagner
Main Address
55 Water St 46th Floor, New York, NY, 10041
Website
www.mjhs.orgNTEE Category
Code: E310 - Health
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