Flushing Hospital & Medical Center
- Assets
- $322.0m
- Revenue
- $357.3m
- Investments
- $0.0
- Employees
- 2,168
- Location
- Flushing, NY
- Founding
- 02/1953
- Data as of
- 12/2022
- EIN
- 11-1631781
Organization Overview
Flushing Hospital & Medical Center is located in Flushing, NY. The organization was established in 1953. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Flushing Hospital & Medical Center employed 2,168 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flushing Hospital & Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Flushing Hospital & Medical Center generated $357.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $343.8m during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ACUTE CARE HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLUSHING HOSPITAL MEDICAL CENTER OPERATES A 299-BED FACILITY THAT PROVIDES HOSPITAL SERVICES, OUTPATIENT CLINIC SERVICES, AND EMERGENCY SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aj Jin Trustee | Trustee | 2 | $0 |
Anthony Dimaria MD Trustee | Trustee | 1 | $0 |
Anthony Mazzo Trustee | Trustee | 2 | $0 |
Antonietta Morisco Trustee | Trustee | 2 | $0 |
Chris Hwang Trustee | Trustee | 2 | $0 |
Darren Meyers Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Servpro Of Long Island City Construction/post Fire/flood Cleanup | 12/30/22 | $7,126,750 |
Eeson Construction Tsg Llc Construction | 12/30/22 | $6,163,065 |
Anthony Iocovello Construction | 12/30/22 | $2,171,117 |
Martin Clearwater & Bell Legal | 12/30/22 | $1,644,840 |
White Glove Placement Inc Nursing Agency | 12/30/22 | $1,356,239 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,024,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,291 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,081,191 |
| Total Program Service Revenue | $324,928,462 |
| Investment income | $156,450 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,826 |
| Net Gain/Loss on Asset Sales | $25,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $357,303,502 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $522,858 |
| Compensation of current officers, directors, key employees. | $66,618 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $150,886,423 |
| Pension plan accruals and contributions | $11,615,480 |
| Other employee benefits | $35,639,110 |
| Payroll taxes | $11,789,424 |
| Fees for services: Management | $5,499,996 |
| Fees for services: Legal | $1,253,000 |
| Fees for services: Accounting | $295,475 |
| Fees for services: Lobbying | $24,170 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,784,247 |
| Advertising and promotion | $69,914 |
| Office expenses | $501,081 |
| Information technology | $6,019,972 |
| Royalties | $0 |
| Occupancy | $5,777,902 |
| Travel | $62,412 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $190,744 |
| Interest | $789,490 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,584,836 |
| Insurance | $10,280,326 |
| All other expenses | $24,719,382 |
| Total functional expenses | $343,840,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,053,717 |
| Savings and temporary cash investments | $28,483,318 |
| Pledges and grants receivable | $404,079 |
| Accounts receivable, net | $60,845,326 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,351,670 |
| Prepaid expenses and deferred charges | $1,657,836 |
| Net Land, buildings, and equipment | $92,168,201 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,059,084 |
| Other assets | $123,953,226 |
| Total assets | $321,976,457 |
| Accounts payable and accrued expenses | $59,819,387 |
| Grants payable | $0 |
| Deferred revenue | $3,557,117 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,151,659 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $300,862,346 |
| Total liabilities | $373,390,509 |
| Net assets without donor restrictions | -$51,414,052 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $321,976,457 |