The Institute For Family Health
- Assets
- $180.9m
- Revenue
- $167.1m
- Investments
- $2.7m
- Employees
- 1,602
- Location
- New York, NY
- Founding
- 03/1986
- Data as of
- 12/2023
- EIN
- 13-3273402
Organization Overview
The Institute For Family Health is located in New York, NY. The organization was established in 1986. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2023, Institute For Family Health employed 1,602 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Family Health 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 12/2023, Institute For Family Health generated $167.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $179.1m during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEDICAL, DENTAL AND PSYCHOSOCIAL SERVICES THROUGH THE DEVELOPMENT AND OPERATION OF FAMILY PRACTICE HEALTH CENTERS LOCATED IN MANHATTAN, BRONX, DUTCHESS AND ULSTER COUNTY. IN ADDITION, THE ORGANIZATION RUNS THREE FAMILY PRACTICE RESIDENCY PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE FOR FAMILY HEALTH PROVIDES PRIMARY MEDICAL AND DENTAL SERVICES TO THE COMMUNITIES WHERE THEIR SITES ARE LOCATED. FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023, THE INSTITUTE'S MEDICAL AND DENTAL PROVIDERS PROVIDED APPROXIMATELY 476,491 PATIENT ENCOUNTERS OF WHICH APPROXIMATELY 453,078 WERE BILLABLE VISITS TO OVER 102,025 INDIVIDUAL USERS.
THE INSTITUTE FOR FAMILY HEALTH PROVIDES PRIMARY PSYCHOSOCIAL SERVICES TO THE COMMUNITIES WHERE THEIR SITES ARE LOCATED. FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023, THE INSTITUTE'S BEHANVIORAL HEALTH PROVIDERS PROVIDED APPROXIMATELY 142,127 PATIENT ENCOUNTERS OF WHICH APPROXIMATELY 140,498 WERE BILLABLE VISITS TO OVER 12,969 INDIVIDUAL USERS.
TO PREPARE FAMILY PHYSICIANS TO SERVE AS LEADERS IN THE HEALTHCARE INDUSTRY, THE RESIDENCY PROGRAMS BUILDS ON THE COMPREHENSIVENESS OF FAMILY PRACTICE WITH AN EMPHASIS ON THE PARTICULAR NEEDS OF THE MEDICALLY UNDERSERVED COMMUNITY. THE INSTITUTE CURRENTLY TRAINS THE FAMILY PHYSICIAN RESIDENTS OF MT. SINAI/BETH ISRAEL AT OUR 17TH STREET SITE. IN ADDITION, THE INSTITUTE HAS THEIR OWN RESIDENCY PROGRAM LOCATED IN THEIR UPSTATE SITES AND THEIR SITE IN HARLEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Zakin-Amano Director | Trustee | 1 | $0 |
Carole Furman Director | Trustee | 1 | $0 |
Jeanne Thelwell Director | Trustee | 1 | $0 |
John Billings Director | Trustee | 1 | $0 |
Joseph Asubonteng Director | Trustee | 1 | $0 |
Kathleen O'donnell Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pa Mechanical Services Llc Plumbing Service | 12/30/23 | $738,660 |
Mgi Construction & Consulting Construction | 12/30/23 | $3,957,347 |
Unified Air Repairs & Maintenance | 12/30/23 | $579,899 |
Green Key Solutions Llc Recruitment | 12/30/23 | $325,347 |
Weatherby Healthcare Recruitment | 12/30/23 | $270,093 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,462,036 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,133,396 |
| Noncash contributions included in lines 1a–1f | $1,570,223 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,595,432 |
| Total Program Service Revenue | $118,292,969 |
| Investment income | $1,686,633 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $520,453 |
| Net Gain/Loss on Asset Sales | -$4,036 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $167,059,862 |
| 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. | $3,919,644 |
| Compensation of current officers, directors, key employees. | $732,285 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,523,361 |
| Pension plan accruals and contributions | $1,613,785 |
| Other employee benefits | $16,174,529 |
| Payroll taxes | $7,280,265 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $286,629 |
| Fees for services: Accounting | $235,786 |
| Fees for services: Lobbying | $62,386 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,598 |
| Fees for services: Other | $7,978,253 |
| Advertising and promotion | $0 |
| Office expenses | $4,969,798 |
| Information technology | $3,140,711 |
| Royalties | $0 |
| Occupancy | $6,462,504 |
| Travel | $217,092 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $710,349 |
| Interest | $852,399 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,362,899 |
| Insurance | $447,189 |
| All other expenses | $985,292 |
| Total functional expenses | $179,137,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,381,816 |
| Savings and temporary cash investments | $27,754,963 |
| Pledges and grants receivable | $4,999,688 |
| Accounts receivable, net | $15,115,872 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $888,158 |
| Net Land, buildings, and equipment | $48,973,177 |
| Investments—publicly traded securities | $24,733,652 |
| Investments—other securities | $2,720,010 |
| Investments—program-related | $0 |
| Intangible assets | $51,991,326 |
| Other assets | $314,283 |
| Total assets | $180,872,945 |
| Accounts payable and accrued expenses | $14,961,005 |
| Grants payable | $0 |
| Deferred revenue | $5,247,247 |
| 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 | $16,304,947 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $75,291,270 |
| Total liabilities | $111,804,469 |
| Net assets without donor restrictions | $68,988,116 |
| Net assets with donor restrictions | $80,360 |
| 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 | $180,872,945 |