Flushing Hospital & Medical Center
- Assets
- $236.7m
- Revenue
- $383.7m
- Investments
- $40.1m
- Employees
- 2,144
- Location
- Flushing, NY
- Founding
- 02/1953
- Data as of
- 12/2021
- 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 12/2021, Flushing Hospital & Medical Center employed 2,144 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 12/2021, Flushing Hospital & Medical Center generated $383.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $330.3m during the year ending 12/2021. While expenses have increased by 3.4% 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
2021
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 |
|---|---|---|---|
Nageswara Mandava Chairman, Dept Of Surgery | 40 | $539,541 | |
James Giglio Chairman, Emergency Room | 40 | $536,619 | |
Robert Levine Exec VP & COO | Officer | 40 | $443,380 |
Marta Niederland Chairperson, Laboratory Se | 40 | $331,015 | |
Gagan Gulati Director, Emergency Medicine | 40 | $304,916 | |
Michael Grady Director, Dept Of Medicine | 40 | $243,692 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Servpro Of Long Island City Construction/post Fire/flood Cleanup | 12/30/21 | $1,961,292 |
Anthony Iocovello Construction | 12/30/21 | $3,343,754 |
Service Master Restore Construction/post Fire/flood Cleanup/pos | 12/30/21 | $1,874,967 |
Eeson Construction Tsg Llc Construction | 12/30/21 | $1,669,479 |
Wms Electrical Contracting Ltd Construction | 12/30/21 | $683,631 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $57,490 |
| Related organizations | $0 |
| Government grants | $124,317,060 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,796,871 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,171,421 |
| Total Program Service Revenue | $244,173,641 |
| Investment income | $285,919 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $194,506 |
| Net Gain/Loss on Asset Sales | -$1,278,405 |
| Net Income from Fundraising Events | -$8,249 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $383,726,724 |
| 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. | $482,340 |
| Compensation of current officers, directors, key employees. | $61,711 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,978,699 |
| Pension plan accruals and contributions | $11,917,781 |
| Other employee benefits | $32,898,619 |
| Payroll taxes | $14,136,823 |
| Fees for services: Management | $5,499,996 |
| Fees for services: Legal | $1,189,685 |
| Fees for services: Accounting | $264,500 |
| Fees for services: Lobbying | $34,786 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,397,423 |
| Advertising and promotion | $36,235 |
| Office expenses | $486,092 |
| Information technology | $5,472,785 |
| Royalties | $0 |
| Occupancy | $4,205,995 |
| Travel | $12,800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,090,218 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,466,111 |
| Insurance | $9,602,119 |
| All other expenses | $21,452,705 |
| Total functional expenses | $330,309,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,552,612 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,780,553 |
| Accounts receivable, net | $73,761,727 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,624,607 |
| Prepaid expenses and deferred charges | $1,159,370 |
| Net Land, buildings, and equipment | $70,679,244 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $40,142,249 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,016,055 |
| Total assets | $236,716,417 |
| Accounts payable and accrued expenses | $65,377,466 |
| Grants payable | $0 |
| Deferred revenue | $2,231,270 |
| 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 | $13,301,825 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $216,088,573 |
| Total liabilities | $296,999,134 |
| Net assets without donor restrictions | -$60,282,717 |
| 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 | $236,716,417 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Flushing Hospital & Medical Center has recieved totaling $79.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $79 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lahey Clinic Hospital Inc Burlington, MA | $439,333,881 | $1,036,261,688 |
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $864,132,692 | $1,007,924,819 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Abington Memorial Hospital Philadelphia, PA | $948,017,930 | $858,404,541 |
Englewood Hospital And Medical Center A New Jersey Nonprofit Corp Englewood, NJ | $770,563,796 | $890,451,423 |
Saint Francis Hospital And Medical Center Hartford, CT | $1,654,893,576 | $997,837,414 |
Inspira Medical Centers Inc Bridgeton, NJ | $1,997,035,403 | $960,599,521 |
Valley Hospital Inc Ridgewood, NJ | $2,214,086,950 | $1,000,529,103 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Virtu-West Jersey Health System Inc Marlton, NJ | $2,706,789,713 | $1,000,808,483 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |