Princeton Healthcare System A New Jersey Non-Profit Corp
- Assets
- $818.6m
- Revenue
- $538.2m
- Investments
- $229.4m
- Employees
- 3,912
- Location
- Plainsboro, NJ
- Founding
- 01/1937
- Data as of
- 06/2022
- EIN
- 21-0635009
Organization Overview
Princeton Healthcare System A New Jersey Non-Profit Corp is located in Plainsboro, NJ. The organization was established in 1937. 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 06/2022, Princeton Healthcare System A New Jersey Non-Profit Corp employed 3,912 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Healthcare System A New Jersey Non-Profit Corp 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 06/2022, Princeton Healthcare System A New Jersey Non-Profit Corp generated $538.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $519.3m during the year ending 06/2022. While expenses have increased by 3.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EXCEPTIONAL, COMPASSIONATE CARE TO ENHANCE THE HEALTH AND WELLNESS OF OUR PATIENTS, THEIR FAMILIES AND OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRINCETON MEDICAL CENTER PROVIDES COMPREHENSIVE PATIENT CARE AND SUPPORT SERVICES RELATING TO PATIENT CARE. IT IS AN ACUTE CARE FACILITY WITH 319 BEDS COMPRISED OF 288 ACUTE CARE, 17 PHYSICAL REHABILITATION AND 14 SPECIAL CARE NURSERY BASSINETS. IN FY2022, PATIENT DAYS TOTALED 68,320 AND OUTPATIENT VISITS/ENCOUNTERS TOTALED 153,094. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
PRINCETON HOUSE BEHAVIORAL HEALTH PROVIDES COMPREHENSIVE PSYCHIATRIC AND SUBSTANCE ABUSE RECOVERY PROGRAMS. ITS 116 BEDS PRODUCED 25,933 PATIENT DAYS IN FY2022. OUTPATIENT VISITS AND TREATMENTS ACROSS MULTIPLE SITES AMOUNTED TO 86,676. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
PRINCETON HOMECARE SERVICES IS A HOME CARE AND VISITING NURSE, AND HOSPICE SERVICE. IN FY2022, THERE WERE 51,216 OCCASIONS OF SERVICE AND 13,457 HOSPICE VISITS RECORDED. THIS GROWING SERVICE IS VITAL IN THE CAPACITY TO PROVIDE CARE AT THE PATIENT'S HOME RATHER THAN REQUIRING A STAY IN THE HOSPITAL. PRINCETON HOMECARE SERVICES ALSO OPERATES A HOSPICE. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin B Mahoney CEO - Uphs | OfficerTrustee | 1 | $2,559,636 |
Barry S Rabner Former Pres/ceo | 0 | $0 | |
Robert Vonderheide Trustee | Trustee | 1 | $0 |
James G Demetriades CEO | OfficerTrustee | 47 | $614,851 |
Guilherme Valladares MBA SVP & CFO - Asst. Treas. | Officer | 38 | $471,332 |
Craig Gronczewski MD Acting Srvp Med Aff. | Officer | 55 | $428,691 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heitman America Real Estate Ho Property Lease Srvcs | 6/29/22 | $6,720,186 |
Symmetry Workforce Solutions Medical Services | 6/29/22 | $5,416,215 |
Umcp Surgicenter Partners Llc Medical Services | 6/29/22 | $2,545,095 |
Allied Universal Company Outsourced Staffing | 6/29/22 | $1,796,897 |
Respiratory Sleep Specialists Llc Medical Services | 6/29/22 | $1,066,280 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,413,125 |
| Government grants | $1,736,414 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,149,539 |
| Total Program Service Revenue | $511,436,550 |
| Investment income | $3,291,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,336,947 |
| Net Gain/Loss on Asset Sales | $18,960,050 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $538,199,154 |
| 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. | $5,829,997 |
| Compensation of current officers, directors, key employees. | $582,999 |
| Compensation to disqualified persons | $114,169 |
| Other salaries and wages | $176,561,811 |
| Pension plan accruals and contributions | $9,258,894 |
| Other employee benefits | $24,504,174 |
| Payroll taxes | $12,904,286 |
| Fees for services: Management | $3,852,487 |
| Fees for services: Legal | $489,842 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $78,613 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $116,196,447 |
| Advertising and promotion | $644,888 |
| Office expenses | $625,474 |
| Information technology | $1,109,479 |
| Royalties | $0 |
| Occupancy | $21,435,012 |
| Travel | $458,947 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,279 |
| Interest | $7,148,136 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,087,720 |
| Insurance | $2,350,968 |
| All other expenses | $2,876,259 |
| Total functional expenses | $519,336,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,392,231 |
| Savings and temporary cash investments | $292,813 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,333,417 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,898,232 |
| Prepaid expenses and deferred charges | $1,906,813 |
| Net Land, buildings, and equipment | $360,374,709 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $229,433,468 |
| Investments—program-related | $0 |
| Intangible assets | $22,000,000 |
| Other assets | $56,930,503 |
| Total assets | $818,562,186 |
| Accounts payable and accrued expenses | $38,486,604 |
| Grants payable | $0 |
| Deferred revenue | $3,739,817 |
| Tax-exempt bond liabilities | $261,126,824 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $71,175,417 |
| Total liabilities | $374,528,662 |
| Net assets without donor restrictions | $419,590,639 |
| Net assets with donor restrictions | $24,442,885 |
| 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 | $818,562,186 |