Long Island Community Hospital
- Assets
- $308.4m
- Revenue
- $254.0m
- Investments
- $29.3m
- Employees
- 2,084
- Location
- Patchogue, NY
- Founding
- 08/1959
- Data as of
- 12/2021
- EIN
- 11-1704595
Organization Overview
Long Island Community Hospital is located in Patchogue, NY. The organization was established in 1959. 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, Long Island Community Hospital employed 2,084 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Long Island Community Hospital 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, Long Island Community Hospital generated $254.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $256.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. 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
TO DELIVER ACCESSIBLE HIGH-QUALITY HEALTH SERVICES IN A FOCUSED CARING AND TEACHING ENVIRONMENT WHILE PROVIDING HEALTH ADVOCACY FOR THE COMMUNITY AND PEOPLE WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INPATIENT CARE SERVICES - INCLUDES MEDICAL/SURGICAL PROCEDURES, PEDIATRICS, MATERNITY, ICU, CCU, NURSERY, ROUTINE AND PSYCHIATRIC CARE. TOTAL 2021 INPATIENT DAYS: 52,689
EMERGENCY ROOM SERVICES - AVAILABLE TO THE COMMUNITY 24 HOURS, 7 DAYS A WEEK. TOTAL 2021 TREAT AND RELEASE VISITS: 43,536
AMBULATORY SURGERY SERVICES - AVAILABLE TO THE COMMUNITY. TOTAL 2021 PROCEDURES: 4,742
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R T Margulis President & Ceo/director | OfficerTrustee | 40 | $842,974 |
F Sconzo Physician | 40 | $722,855 | |
B Farrell VP Finance, CFO | Officer | 39.5 | $598,897 |
W Wehbeh Vp, Cqmo | Officer | 40 | $489,615 |
M Peddie Vp, COO | Officer | 40 | $412,343 |
D Babich Physician | 40 | $397,335 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sound Physicians Of Ny Pllc Hospitalists | 12/30/21 | $2,859,360 |
Rivkin Radler Legal Services | 12/30/21 | $1,242,725 |
Progressive Emergency Physicians Management Services | 12/30/21 | $2,055,481 |
St Charles Hospital Physical Therapy | 12/30/21 | $864,124 |
Sunrise Medical Laboratories Lab Services | 12/30/21 | $1,227,841 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,923,042 |
| All other contributions, gifts, grants, and similar amounts not included above | $681,984 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,605,026 |
| Total Program Service Revenue | $238,390,202 |
| Investment income | $232,876 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $269,234 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,963,058 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,504,611 |
| 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. | $2,944,190 |
| Compensation of current officers, directors, key employees. | $2,007,842 |
| Compensation to disqualified persons | $292,649 |
| Other salaries and wages | $115,116,013 |
| Pension plan accruals and contributions | $8,194,451 |
| Other employee benefits | $24,902,132 |
| Payroll taxes | $8,171,699 |
| Fees for services: Management | $4,151,566 |
| Fees for services: Legal | $1,484,428 |
| Fees for services: Accounting | $102,912 |
| Fees for services: Lobbying | $110,731 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,696,733 |
| Advertising and promotion | $258,172 |
| Office expenses | $1,080,585 |
| Information technology | $285,391 |
| Royalties | $0 |
| Occupancy | $3,901,602 |
| Travel | $55,534 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,966 |
| Interest | $3,900,825 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,036,378 |
| Insurance | $3,492,887 |
| All other expenses | $3,992,936 |
| Total functional expenses | $256,105,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,530,676 |
| Savings and temporary cash investments | $47,065,415 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,419,045 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,197,094 |
| Prepaid expenses and deferred charges | $1,181,390 |
| Net Land, buildings, and equipment | $130,165,406 |
| Investments—publicly traded securities | $4,444,904 |
| Investments—other securities | $29,305,422 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,047,025 |
| Total assets | $308,356,377 |
| Accounts payable and accrued expenses | $55,628,246 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $62,622,517 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $15,927,602 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $75,586,915 |
| Total liabilities | $209,765,280 |
| Net assets without donor restrictions | $93,818,389 |
| Net assets with donor restrictions | $4,772,708 |
| 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 | $308,356,377 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Long Island Community Hospital has recieved totaling $10,500.
| Awarding Organization | Amount |
|---|---|
Foster Family Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $1,000,000 |
| Ending Balance | $1,000,000 |
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 |