RiverSpring Services Corp

Overview

RiverSpring Services Corp is a nonprofit organization focused on providing comprehensive management services to entities within the RiverSpring Living family. Located in New York, the corporation plays a crucial role in enhancing the well-being of older adults by supporting housing, home care, managed care, and nursing home services.

Mission

The mission of RiverSpring Services Corp revolves around delivering essential management services in areas such as executive staffing, planning, finance, information technology, and human resources. By providing these services, the organization enables its partner entities to effectively offer vital care services to elderly individuals, thereby improving their quality of life.

Structure and Operations

RiverSpring Services Corp was established to efficiently provide administrative services to affiliated operating entities. The organization's employees, including long-time staff from Hebrew Home, bring extensive experience in reimbursement, billing, New York State regulations, and the specific market of Hebrew Home and its affiliates. The administrative services agreement outlines a range of responsibilities, including payroll management, employee benefits, human resources functions, information technology support, and financial planning.

Financial Information

In recent years, RiverSpring Services Corp has reported revenues of approximately $24 million in 2022, with a notable increase to $25.8 million in 2023. The organization's expenses closely match its revenues, indicating efficient resource allocation. As of 2023, the corporation held total assets and liabilities of $5.51 million each.

Governance and Leadership

Carl Willner serves as the President & CEO of RiverSpring Services Corp, with significant total compensation. The board includes notable figures such as Jeffrey S. Maurer as Chairperson and Joseph Wygoda as Secretary and Treasurer.

Impact

RiverSpring Services Corp plays a vital role in the community by ensuring that older adults receive comprehensive care and support services. By providing administrative support, the organization enables care providers to focus on their core mission of enhancing the lives of elderly individuals.