Bronxcare Health System
- Assets
- $743.3m
- Revenue
- $835.1m
- Investments
- $31.8m
- Employees
- 4,532
- Location
- Bronx, NY
- Founding
- 10/1941
- Data as of
- 12/2020
- EIN
- 13-1974191
Organization Overview
Bronxcare Health System is located in Bronx, NY. The organization was established in 1941. 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, Bronxcare Health System employed 4,532 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bronxcare Health System 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 12/2020, Bronxcare Health System generated $835.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $815.7m during the year ending 12/2020. While expenses have increased by 2.7% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER THE HIGHEST QUALITY OF HEALTHCARE SERVICES TO THE BRONX COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOSPITAL CENTER IS THE CENTERPIECE OF THE BRONXCARE HEALTH SYSTEM, WHICH IS THE LARGEST VOLUNTARY, NOT-FOR-PROFIT HEALTH CARE SYSTEM SERVING THE SOUTH AND CENTRAL BRONX. THE HOSPITAL CENTER HAS 619 BEDS AT TWO MAJOR HOSPITAL DIVISIONS; A MAJOR PSYCHIATRIC FACILITY; AND AN EXTENSIVE BRONXCARE NETWORK OF MEDICAL PRACTICES, AS WELL AS A 240 BED SKILLED NURSING HOME FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Miguel A Fuentes Jr President And CEO | OfficerTrustee | 40 | $2,249,112 |
Dr John Coffey Chairman-Emergency Medicince | 40 | $1,368,970 | |
Dr Magdy Mikhail Chairman-Ob/gyn | 40 | $1,298,319 | |
Ramesh Babu Associate Dir, Neurosurgery | 40 | $1,227,838 | |
Mr Victor G Demarco Senior Vice President/cfo | Officer | 40 | $1,055,860 |
Dr Richard Duncalf Physician-Pulmonary | 40 | $918,478 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tri State Contracting Group Corp Construction | 12/30/21 | $6,285,323 |
Clhc Partners Llc Consulting | 12/30/21 | $2,539,066 |
Aramark Management Services | 12/30/21 | $4,450,956 |
Mbl Construction Corporation Construction | 12/30/21 | $1,608,730 |
Epstein Becker And Green Pc Legal | 12/30/21 | $946,665 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $99,329,296 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,997,936 |
| Noncash contributions included in lines 1a–1f | $1,052,431 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,327,232 |
| Total Program Service Revenue | $722,449,834 |
| Investment income | $6,299,429 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $835,076,495 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,000 |
| 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. | $6,550,534 |
| Compensation of current officers, directors, key employees. | $5,567,954 |
| Compensation to disqualified persons | $190,576 |
| Other salaries and wages | $387,579,500 |
| Pension plan accruals and contributions | $37,415,210 |
| Other employee benefits | $64,915,003 |
| Payroll taxes | $34,223,823 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,923,000 |
| Fees for services: Accounting | $337,000 |
| Fees for services: Lobbying | $134,517 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,071,103 |
| Advertising and promotion | $493,000 |
| Office expenses | $100,156,000 |
| Information technology | $16,581,000 |
| Royalties | $0 |
| Occupancy | $29,610,394 |
| Travel | $426,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $393,794 |
| Interest | $2,301,805 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,188,045 |
| Insurance | $27,944,000 |
| All other expenses | $2,725,179 |
| Total functional expenses | $815,727,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $304,097,340 |
| Savings and temporary cash investments | $134,012,463 |
| Pledges and grants receivable | $4,636,753 |
| Accounts receivable, net | $50,857,171 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,928,860 |
| Prepaid expenses and deferred charges | $2,870,124 |
| Net Land, buildings, and equipment | $171,908,813 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $31,774,700 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,247,300 |
| Total assets | $743,333,524 |
| Accounts payable and accrued expenses | $284,054,599 |
| Grants payable | $0 |
| Deferred revenue | $123,525,883 |
| 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 | $27,838,798 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $213,358,634 |
| Total liabilities | $648,777,914 |
| Net assets without donor restrictions | $90,536,645 |
| Net assets with donor restrictions | $4,018,965 |
| 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 | $743,333,524 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Bronxcare Health System has recieved totaling $6,315,615.
| Awarding Organization | Amount |
|---|---|
Bronxcare Health Integrated Services System Inc Bronx, NY PURPOSE: Medical Care | $6,023,792 |
Montefiore Medical Center Bronx, NY PURPOSE: GRANT SUBRECIPIENT | $154,402 |
Greater New York Hospital Foundation Inc New York, NY PURPOSE: COVID SUPPORT | $119,421 |
American Academy Of Child & Adoles Washington, DC PURPOSE: RESEARCH | $12,000 |
Childs Play Redmond, WA PURPOSE: EQUIPMENT GRANT | $6,000 |
Endowment Analysis
| Beg. Balance | $1,803,405 |
| Earnings | $3 |
| Other Expense | $3 |
| Ending Balance | $1,803,405 |
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 |