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LTC(EDDY) INC

TROY, NY · EIN 222564710 · Form 990 · FY2024 · Medium ($1M-$10M) · eddyseniorliving.com
revenue
$2.2M
expenses
$3.3M
net assets
$27.6M
employees
0
volunteers
11
program ratio
100%
mission · from form 990

TO PROVIDE MANAGEMENT SERVICES TO AFFILIATED ORGANIZATIONS THAT OPERATE SENIOR LIVING COMMUNITIES

profile · synthesized from sources

Eddy Senior Living operates senior living communities in Upstate New York, offering a continuum of care from independent living to skilled nursing. The organization provides housing, supportive services, and care options tailored to seniors, with a focus on maintaining independence and quality of life. It is part of St. Peter’s Health Partners and serves residents across multiple locations in the Albany Capital Region.

named programs · 5 · from sources

What they call their work

Assisted Living
Supportive care services for seniors needing help with daily activities such as bathing, dressing, and medication management
Independent Living
Senior housing communities offering maintenance-free living with amenities such as housekeeping, dining, fitness centers, and social activities
Memory Care
Specialized residential care for individuals with Alzheimer’s or related dementias, providing secure, homelike environments
Respite Care
Short-term residential care providing temporary relief for caregivers
Skilled Nursing
24/7 medical care for seniors with complex health needs, available on select campuses
activities · 6 groups

What they do

  • Senior Social & Enrichment Programming 1 activity
    • Hosting community and educational events for seniors and families
      Organizes community events such as Holiday Open Houses and educational programs on supporting loved ones with memory loss, delivered in collaboration with the Alzheimer’s Association, Northeastern New York Chapter.
  • Admissions and Enrollment Support Services 1 activity
    • Offering educational and informational resources for prospective residents and families
      Provides FAQ, blog articles, financial resources, resident testimonials, application forms, and informational materials to support decision-making for prospective residents and their families, along with video tours of facilities.
  • Continuing Care Retirement Communities 1 activity
    • Operating senior living communities with multiple care levels
      Provides a comprehensive continuum of senior living services including independent living, enriched housing/assisted living, memory care, and skilled nursing across five locations in New York's Capital Region and surrounding areas, serving over 40,000 people annually. The organization operates five independent and assisted living communities and three dedicated memory care communities, enabling residents to transition across levels of care as needed.
  • Respite Care for Developmental Disabilities 1 activity
    • Providing short-term respite care for seniors
      Offers short-term residential respite care in secure enriched housing and assisted living settings, available at multiple senior living communities including Beechwood, Beverwyck, Glen Eddy, Eddy Hawthorne Ridge, and The Glen at Hiland Meadows.
  • Skilled Nursing and Rehabilitation Facilities 1 activity
    • Providing skilled nursing services for seniors with complex health needs
      Delivers skilled nursing care for seniors requiring extensive support due to inability to function independently, complex diagnoses, or multiple health challenges, with on-campus facilities available at Beechwood and Beverwyck communities.
  • Luxury Senior Living Communities 1 activity
    • Providing supportive services and amenities in senior housing
      Offers a full range of supportive services and amenities including utilities, maintenance, housekeeping, snow removal, landscaping, chef-prepared meals, transportation, dining, wellness programs, social activities, 24-hour security, and 24/7 staff availability with daily wellness checks and emergency pull cords in resident units.
financials · form 990 · fy2024
revenue
Total revenue$2.16M
Contributions & grants$1.50M69%
Program service revenue$00%
Investment income$662K31%
Other revenue$0
expenses
Total expenses$3.30M
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$0
Grants paid out$1.27M
Largest expense lineProfessional Fees
balance sheet
Total assets$27.58M
Cash$0
Investments$19.49M
Liabilities$8K
Net assets$27.58M
Liquid reserves70.8 mo
6 years on record · 2019–2024 · YoY revenue -6.1%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 10
NameTitleHours/wkCompensation
DANIEL ISACKSEN DIRECTOR; TRINITY HEALTH CFO 0 $2.83M
STEVEN HANKS MD DIRECTOR; PRESIDENT & CEO 0 $1.74M
THOMAS ROBERT VP, CFO & TREAS - NY REG THR 11/24 0 $1.12M
KIM BAKER FORMER OFFICER; SPHP SVP HOSP OPS 0 $932K
JULIE EDMUNDS SMITH VP, CFO - NY REG AS OF 11/24 0 $471K
MICHELLE MAZZACCO EVP, CONTINUING CARE 1 $455K
KRISTIN SIGNOR CFO, CONTINUING CARE 1 $357K
ERIC FARRELL SECRETARY; ASSOC COUNSEL, NY REGION 0 $327K
JAMES REED MD FORMER OFFICER 0 $148K
GINA MYERS PHD DIRECTOR; SJHHC CONSULTANT 0 $381
board members · 14
  • GEORGE HEARST III — DIRECTOR AS OF 4/25
  • GUHA BALA — DIRECTOR
  • JOHN MARSHALL — DIRECTOR; TREASURER
  • KATHLEEN JIMINO — DIRECTOR; CHAIR
  • KERRI SWEET ZAVAGLIA — DIRECTOR
  • LEE MCELROY JR — DIRECTOR THROUGH 12/24
  • MARGUERITE SULLIVAN RSM — DIRECTOR AS OF 1/25
  • MARY ANN LOGIUDICE RSM — DIRECTOR THROUGH 12/24
  • MERRIETTE POLLARD — DIRECTOR
  • MICHAEL MEATH — DIRECTOR
  • OLUWATOYIN TODAFE — DIRECTOR
  • PATRICIA LAPCZYNSKI RSM — DIRECTOR AS OF 1/25
  • ROBERT MCCORMICK — DIRECTOR
  • WILLIAM WILDRIDGE III — DIRECTOR; VICE CHAIR
relationships · 13

Who they work with

  • AFFILIATED ORGANIZATIONS Partner — Provides management services to affiliated organizations operating senior living communities.
  • Alzheimer’s Association, Northeastern New York Chapter Partner — Collaborates with LTC(EDDY) INC to present educational programming on supporting individuals with memory loss.
  • Community Library Partner — Co-located public library partner providing access to educational and community resources adjacent to Eddy Hawthorne Ridge senior living community.
  • East Greenbush Y Partner — Co-located campus partner providing community wellness and recreational resources adjacent to Eddy Hawthorne Ridge senior living community.
  • Eddy Senior Living Network — Operates as a network of senior living communities under LTC(EDDY) INC.
  • New York State Government — Source of informational resources related to senior housing and care planning.
  • St. Peter's Health Partners Government — Eddy Senior Living is a division of St. Peter's Health Partners
  • St. Peter’s Health Partners Network — Eddy Communities are part of St. Peter’s Health Partners, enabling integrated health care connections.
  • St. Peter’s Health Partners Partner — Collaborates to provide a range of supportive care services for senior residents.
  • St. Peter’s Health Partners Partner — Collaborates with St. Peter’s Health Partners, the region’s largest health system, in delivering healthcare services.
  • St. Peter’s Health Partners Partner — Provides professional services through an affiliation with Eddy Senior Living.
  • The Eddy Network — LTC(EDDY) INC operates under The Eddy brand and is part of its network of senior living communities.
  • Upstate New York’s Capital Region area Network — Operates senior living communities throughout the Capital Region of Upstate New York.
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Client-Centered Decision Support
    methodology: decision_support
    By providing experiential and educational resources such as video tours and decision-support materials, we reduce uncertainty and support informed decision-making, because immersive and timely information leads to earlier, more confident transitions into appropriate senior living arrangements.
  • Community-Integrated Senior Living
    methodology: community-integrated_senior_living
    By co-locating senior living communities with public institutions like libraries and YMCAs, we promote social engagement and access to resources, because embeddedness in broader community life enhances well-being and combats isolation.
  • Continuum of Care Model
    methodology: continuum-of-care
    By integrating healthcare, supportive housing, and community services within a single system, we enable seniors to transition seamlessly between levels of care as their needs change, because maintaining continuity supports autonomy, dignity, and long-term well-being.