Premier Healthcare Inc
- Assets
- $19.2m
- Revenue
- $15.2m
- Investments
- $0.0
- Employees
- 209
- Location
- New York, NY
- Founding
- 12/1997
- Data as of
- 12/2022
- EIN
- 13-3916271
Organization Overview
Premier Healthcare Inc is located in New York, NY. The organization was established in 1997. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Premier Healthcare Inc employed 209 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Premier Healthcare Inc 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, Premier Healthcare Inc generated $15.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $17.3m during the year ending 12/2022. 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
PREMIER HEALTHCARE, INC. IS A NATIONAL COMMISSION ON QUALITY ASSURANCE RECOGNIZED PATIENT - CENTERED MEDICAL HOME OFFERING HEALTH CARE SERVICES TO THE GENERAL PUBLIC WITH A SPECIALTY IN MEDICAL SERVICES FOR PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES AND THEIR FAMILIES IN MANY SITES THROUGHOUT THE NEW YORK AREA. PREMIER HEALTHCARE, INC., AN OUTPATIENT DIAGNOSTIC AND TREATMENT CENTER,PROVIDES OUTPATIENT CLINIC SERVICES WHICH INCLUDE: AUDIOLOGY, PRIMARY HEALTH, PEDIATRICS, INTERNAL MEDICINE, DENTISTRY (INCLUDING DESENSITIZATION), NUTRITION, NEUROLOGY, PODIATRY, PSYCHIATRY, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, OPHTHALMOLOGY, SPEECH PATHOLOGY AND PSYCHOLOGY. PREMIER HEALTHCARE, INC.'S PRIMARY SOURCE OF REVENUE IS PATIENT SERVICE FEES RECEIVED FROM MEDICAID, MEDICARE AND OTHER THIRD-PARTY PAYERS. MEDICAID REPRESENTS OVER 90% OF THE TOTAL REVENUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREMIER HEALTHCARE, INC IS A QUALITY HEALTH CARE PRACTICE OFFERING HEALTH CARE SERVICES TO THE GENERAL PUBLIC WITH A SPECIALTY IN MEDICAL SERVICES FOR PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES AND THEIR FAMILIES IN MANY SITES THROUGHOUT THE NEW YORK AREA. PREMIER HEALTHCARE, INC., AN OUTPATIENT DIAGNOSTIC AND TREATMENT CENTER, PROVIDES OUTPATIENT CLINIC SERVICES WHICH INCLUDE: PRIMARY H EALTH, PEDIATRICS, INTERNAL MEDICINE, DENTISTRY (INCLUDING DESENSITIZATION), NUTRITION, GYNECOLOGY, NEUROLOGY, PODIATRY, PSYSIATRY, PSYCHIATRY, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, OPTHALMOLOGY, SPEECH PATHOLOGY AND PSYCHOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Stafford Trustee | Trustee | 1 | $0 |
Jeffery Mordos Chairman | OfficerTrustee | 1 | $0 |
Jeffrey Lieberman ESQ Trustee | Trustee | 1 | $0 |
George Contos CEO (outgoing) | Officer | 3 | $0 |
Hope Levy Executive Director (outgoing) | Officer | 3 | $0 |
Kevin Carey Cfo/interim CEO | Officer | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Boston Children's Health Physicians Llp Pediatric Neurology | 12/30/21 | $424,354 |
Consilium Staffing Llc Staffing | 12/30/21 | $332,606 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,462 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,462 |
| Total Program Service Revenue | $15,233,276 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,438 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,226,300 |
| 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. | $282,351 |
| Compensation of current officers, directors, key employees. | $282,351 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,229,740 |
| Pension plan accruals and contributions | $79,440 |
| Other employee benefits | $602,333 |
| Payroll taxes | $668,242 |
| Fees for services: Management | $1,366,923 |
| Fees for services: Legal | $151,069 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,204,693 |
| Advertising and promotion | $0 |
| Office expenses | $236,097 |
| Information technology | $664,820 |
| Royalties | $0 |
| Occupancy | $1,659,889 |
| Travel | $78,439 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $115,257 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $170,724 |
| Insurance | $571,826 |
| All other expenses | $16,564 |
| Total functional expenses | $17,290,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,028 |
| Savings and temporary cash investments | $452,021 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,722,340 |
| 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 | $147,071 |
| Net Land, buildings, and equipment | $771,642 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,068,850 |
| Total assets | $19,202,952 |
| Accounts payable and accrued expenses | $1,308,650 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,552,235 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,392,660 |
| Total liabilities | $30,253,545 |
| Net assets without donor restrictions | -$11,050,593 |
| 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 | $19,202,952 |