Elderplan Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
ELDERPLAN (WHICH INCLUDES HOMEFIRST - ONE OF THE OLDEST, AND TODAY ONE OF THE LARGEST AND MOST HIGHLY-RATED MANAGED LONG-TERM CARE PLANS IN NY STATE), IS A HEALTH PLAN WITH MEDICARE AND MEDICAID CONTRACTS. ELDERPLAN STARTED AS ONE OF THE ORIGINAL SOCIAL HEALTH MAINTENANCE ORGANIZATIONS IN THE COUNTRY. MORE THAN 35 YEARS LATER, ELDERPLAN, A MEMBER OF MJHS HEALTH SYSTEM, CARRIES ON THE CORE VALUES OF COMPASSION, DIGNITY AND RESPECT FIRST ESTABLISHED BY THE FOUR BROOKLYN LADIES IN 1907. ELDERPLAN IS A NOT-FOR-PROFIT HEALTH PLAN COMMITTED TO SUPPORTING, GUIDING AND CARING FOR ADULTS 65 AND OVER AND INDIVIDUALS 18+ WITH SPECIAL NEEDS IN NEW YORK STATE, EMPOWERING THEM TO ACHIEVE THEIR GREATEST LEVEL OF INDEPENDENCE AND QUALITY OF LIFE THROUGH PIONEERING HEALTH CARE AND SOCIAL SUPPORT PROGRAMS.
- Income
- $2.0 billion
- Spending
- $2.0 billion
- Spent on programs
- 86%
- Reserves
- 2 months of spending
- Largest source of income
- fees for its services, 99%
- Employees
- 1,314
- Volunteers
- 16
- Highest pay
- $1.7 million, ceo, president
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 60 out of 100. Higher than 46% of charities in its peer group (health care, over $100m).
Reserves
10 of 35Spendable reserves would cover 2.0 months of spending.
Debt
5 of 20It owes 53% of what it owns.
Living within its means
15 of 15Income exceeded spending by 3% of income.
Income trend
15 of 15Income rose 28% on the year before.
Spending floor
15 of 1586% of spending went to programs.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 95 out of 100. Higher than 36% of charities in its peer group (health care, over $100m).
Independent board
25 of 2513 of 15 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $1.7 billion spent. A NOT-FOR-PROFIT HEALTH PLAN THAT'S DEDICATED TO CARING FOR NEW YORKERS, ELDERPLAN (INCLUDING HOMEFIRST - ONE OF THE OLDEST, AND TODAY ONE OF THE LARGEST AND MOST HIGHLY-RATED, MANAGED LONG-TERM CARE PLANS IN NY STATE) IS COMMITTED TO SERVING THE NEEDS OF AT-RISK, LARGELY DUAL-ELEGIBLE, MEMBERS OF THE COMMUNITY OF ALL RELIGIOUS AND CULTURAL BACKGROUNDS AS WELL AS GENDER IDENTITY, SEXUAL ORIENTATION AND MILITARY STATUS. A MEMBER OF THE MJHS HEALTH SYSTEM FAMILY, ELDERPLAN CARRIES ON A TRADITION OF COMPASSION, DIGINITY AND RESPECT, FIRST ESTABLISHED BY THE FOUR BROOKLYN LADIES IN 1907. ELDERPLAN OFFERS SPECIAL NEEDS PLANS TO HELP BENEFICIARIES RECEIVE THE SUPPORT, GUIDANCE, CARE COORDINATION AND HEALTH-RELATED SERVICES NECESSARY FOR THEM TO REMAIN SAFELY AT HOME. ELDERPLAN ALSO OFFERS HEALTH PLANS FOR BENEFICIARIES WHO LIVE IN CONTRACTED NURSING HOMES AND ASSISTED LIVING COMMUNITIES. AS A NOT-FOR-PROFIT, ELDERPLAN REINVESTS EARNINGS TO BRING ITS MEMBERS IMPROVED BENEFITS. ELDERPLAN BELIEVES THAT HEALTH CARE IS MORE THAN JUST CARING FOR PEOPLE, IT'S CARING ABOUT THEM TOO. AS OF 12/31/2024, ELDERPLAN (INCLUSIVE OF HOMEFIRST) CARED FOR 44,793 MEMBERS ACROSS NYC, WESTCHESTER, NASSAU, SUFFOLK, PUTNAM, ROCKLAND, DUCHESS, ONTARIO, ORLEANS, SENECA, SULLIVAN, ULSTER, YATES, LIVINGSTON ORANGE, AND MONROE COUNTIES.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 1983.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.