Valley Hospital Inc is located in Ridgewood, NJ. The organization was established in 1953. 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 12/2022, Valley Hospital Inc employed 4,397 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Hospital 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 12/2021, Valley Hospital Inc generated $1.0b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $855.9m during the year ending 12/2021. While expenses have increased by 3.9% 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.
Since 2020, Valley Hospital Inc has awarded 62 individual grants totaling $344,030,212. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE VALLEY HOSPITAL SERVES THE COMMUNITY BY HEALING AND CARING FOR PATIENTS, COMFORTING THEIR FAMILIES AND TEACHING GOOD HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VALLEY HOSPITAL IN RIDGEWOOD, NEW JERSEY IS A FULLY ACCREDITED, ACUTE CARE, NOT-FOR-PROFIT HOSPITAL SERVING MORE THAN 460,000 PEOPLE IN 34 TOWNS IN BERGEN COUNTY AND ADJOINING COMMUNITIES. THE VALLEY HOSPITAL IS PART OF VALLEY HEALTH SYSTEM, A REGIONAL HEALTHCARE SYSTEM THAT SERVES RESIDENTS IN NORTHERN NEW JERSEY AND SOUTHERN NEW YORK. IT COMPRISES THE VALLEY HOSPITAL, VALLEY HOME CARE, AND VALLEY MEDICAL GROUP. AS A NOT-FOR-PROFIT HOSPITAL, VALLEY IS COMMITTED TO GIVING BACK TO THE COMMUNITY. VALLEY SERVES THE COMMUNITY BY PROVIDING THOUSANDS OF HOURS OF HEALTHCARE EDUCATION AND SCREENINGS, SUPPORT GROUPS AND CLASSES TO ASSIST THOSE IN NEED, AND CARE TO ALL THOSE WHO COME THROUGH OUR DOORS, REGARDLESS OF THEIR ABILITY TO PAY. VALLEY'S CURRENT LICENSED CAPACITY IS 431 BEDS. BERGEN COUNTY IS THE MOST POPULOUS COUNTY IN NEW JERSEY AND ONE OF THE WEALTHIEST COUNTIES IN THE UNITED STATES. THERE ARE 952,997 RESIDENTS IN THE 233.01 SQUARE MILES OF BERGEN COUNTY, NJ. THE POPULATION IS 52.7% WHITE AND NON-HISPANIC, 22.7% HISPANIC, 7.8% BLACK, AND 17.6% ASIAN. THE MEDIAN HOUSEHOLD INCOME IS $109,497. RESIDENTS ARE GENERALLY WELL-EDUCATED AND HAVE HIGHER GRADUATION RATES THAN NJ AS A WHOLE AND THE U.S. AS A WHOLE. THE VALLEY HOSPITAL EMPLOYS PEOPLE WHO REPRESENT AND LIVE IN THE COMMUNITIES WE SERVE. MORE THAN 3,600 EMPLOYEES CONSTITUTE THE VALLEY HOSPITAL.IN 2022, 52,081 INDIVIDUALS WERE ADMITTED TO VALLEY, 69,751 PEOPLE WERE TREATED IN THE EMERGENCY DEPARTMENT, AND A RECORD-BREAKING 4,049 BABIES WERE BORN. IN ADDITION TO ITS "CENTERS OF EXCELLENCE" IN CARDIAC/HEART FAILURE, DIABETES, ONCOLOGY, PULMONARY, GERIATRICS, TOTAL JOINT, AND NEUROVASCULAR, VALLEY ALSO OFFERS THE SERVICES OF A COMPREHENSIVE CANCER CENTER, CENTER FOR CHILDBIRTH, CENTER FOR MINIMALLY INVASIVE AND ROBOTIC SURGERY, A TOTAL JOINT REPLACEMENT CENTER, A NEUROSCIENCE CENTER, A CENTER FOR METABOLIC SURGERY AND WEIGHT-LOSS MANAGEMENT, A CENTER FOR SLEEP MEDICINE, THE GAMMA KNIFE CENTER, AND THE KIREKER CENTER FOR CHILD DEVELOPMENT, AMONG OTHERS. THE VALLEY HOSPITAL EMERGENCY DEPARTMENT (ED) HAS BEEN SELECTED AS A RECIPIENT OF THE PRESTIGIOUS LANTERN AWARD FROM THE EMERGENCY NURSES ASSOCIATION. VALLEY IS ONE OF ONLY 29 HOSPITALS NATIONWIDE, AND THE ONLY HOSPITAL IN BERGEN COUNTY, TO EARN THIS AWARD FOR 2022 AND IS THE FIRST AND ONLY HOSPITAL IN BERGEN COUNTY TO RECEIVE THIS RECOGNITION SINCE THE PROGRAM'S INCEPTION IN 2011. RECIPIENTS OF THE LANTERN AWARD DEMONSTRATE EXCEPTIONAL AND INNOVATIVE PERFORMANCE IN LEADERSHIP, PRACTICE, EDUCATION, ADVOCACY, AND RESEARCH. THE AWARD SHOWCASES VALLEY'S ACCOMPLISHMENTS IN INCORPORATING EVIDENCE-BASED PRACTICE INTO EMERGENCY CARE AND IS A SYMBOL OF OUR COMMITMENT TO QUALITY, SAFETY, AND A HEALTHY WORK ENVIRONMENT. THE VALLEY HOSPITAL HAS EARNED EXEMPLAR RECOGNITION FROM NURSES IMPROVING CARE FOR HEALTHSYSTEM ELDERS (NICHE). THIS DISTINCTION THE HIGHEST AVAILABLE FROM NICHE IS GIVEN TO HEALTHCARE ORGANIZATIONS THAT IMPLEMENT SUCCESSFUL, SYSTEM-WIDE INTERVENTIONS AND INITIATIVES FOCUSING ON THE CARE OF OLDER ADULTS. EXEMPLAR RECOGNITION IS A REFLECTION OF VALLEY'S COMMITMENT TO PROVIDING OLDER ADULTS WITH THE HIGHEST-QUALITY HEALTHCARE SERVICES. THE VALLEY HOSPITAL HAS ALSO RECEIVED THE 2022 TRAILBLAZER AWARD FROM NURSES IMPROVING CARE FOR HEALTHSYSTEM ELDERS (NICHE) AND THE ABIM FOUNDATION. THE AWARD RECOGNIZES CLINICAL TEAMS FOR THEIR EFFORTS TO IMPROVE THE QUALITY OF CARE FOR OLDER ADULTS EFFORTS THAT REDUCE UNNECESSARY TESTS AND TREATMENTS, PRIORITIZE PATIENT SAFETY, AND IMPROVE CARE COORDINATION. WITH ITS MOVE 2 IMPROVE PROGRAM, VALLEY IS INDEED A TRAILBLAZER IN ELDER CARE, USING AN INTERDISCIPLINARY APPROACH, BEST PRACTICES, AND CLINICAL EVIDENCE TO KEEP PATIENTS MOVING, SAFE, AND INDEPENDENT.VALLEY HEALTH PRIMETIME WAS CREATED TO HELP OLDER ADULTS STAY HEALTHY BY TEACHING THEM GOOD HEALTH AND PROVIDING OPPORTUNITIES TO REMAIN SOCIALLY ACTIVE. IN 2022, VALLEY HEALTH PRIMETIME OFFERED 33 FREE, VIRTUAL PROGRAMS TO 1,397 OLDER ADULTS. EACH YEAR, VALLEY DINING PREPARES OVER 23,000 MEALS FOR COMMUNITY MEALS, INC., AND FINANCIAL RESOURCES TO SUPPORT HOMEBOUND OLDER ADULTS IN VALLEY'S SERVICE AREA.VALLEY'S COMMUNITY CARE CLINIC HAD 5,018 VISITS IN 2022. THEY PROVIDE CARE AT NO COST TO THE PATIENTS WHO QUALIFY IN 16 (MEDICAL, NEUROLOGY, GI, GENERAL SURGERY, BREAST SURGERY, RHEUMATOLOGY, OPHTHALMOLOGY, GYN, OB, PEDIATRICS, PULMONARY, CARDIOLOGY, PAIN, DERMATOLOGY, ORTHOPEDICS, AND UROLOGY) SPECIALTY CLINICS. THEY CONTINUE TO PROVIDE CARE TO CHILDREN IN FOSTER CARE IN BERGEN AND PASSAIC COUNTIES THAT REQUIRE COMPLEX MEDICAL AND SUBSPECIALTY CARE. THE VALLEY HOSPITAL HAS ONCE AGAIN BEEN AWARDED THE LGBTQ+ HEALTHCARE EQUALITY LEADER DESIGNATION BY THE HUMAN RIGHTS CAMPAIGN (HRC) FOUNDATION, EARNING A TOP SCORE FOR ITS LGBTQ-INCLUSIVE POLICIES AND PRACTICES. THE HEALTHCARE EQUALITY INDEX STRIVES TO ENSURE LGBTQ+ PEOPLE ARE PROTECTED AND AFFIRMED BY THEIR HEALTHCARE PROVIDERS AND FEEL SAFE SEEKING SERVICES. HEI ACTIVE PARTICIPANTS ARE RECOGNIZED FOR IMPLEMENTING ROBUST, COMPREHENSIVE LGBTQ+ INCLUSIVE POLICIES THAT HOPEFULLY, BECAUSE OF THEIR WORK, BECOME STANDARD PRACTICE. VALLEY WORKS WITH LOCAL PARTNERS TO PROMOTE INCLUSIVITY AND EQUALITY. 135 COMMUNITY MEMBERS ATTENDED EDUCATION PROGRAMS ON TRANSGENDER HEALTH AND A LOCAL PRIDE CELEBRATION, WHERE VALLEY WAS A SPONSOR.VALLEY'S SOCIAL EQUALITY COUNCIL IS DEVELOPING INITIATIVES AND PROGRAMS THAT ENCOURAGE SAFETY AND EQUAL ACCESS TO ALL OPPORTUNITIES, SO THAT EVERYONE CAN LEAD A HEALTHY AND FULFILLED LIFE, REGARDLESS OF AN INDIVIDUAL'S BACKGROUND, ETHNICITY, OR RACE. BY COLLABORATING WITH AREA ORGANIZATIONS, VALLEY IS ABLE TO WORK WITH UNDERSERVED POPULATIONS TO HELP MEET THE ACCESS TO CARE NEEDS AND CONNECT INDIVIDUALS TO RESOURCES. OVER 1,162 EMPLOYEES ATTENDED A "WHAT CAUSES INEQUALITY?" TRAINING CLASS. HAVING ALL EMPLOYEES PARTICIPATE IN THIS TRAINING IS A MEANINGFUL COMPONENT OF THE STEPS VALLEY IS TAKING TO CREATE AN ENVIRONMENT WHERE EMPLOYEES FEEL SAFE AND RESPECTED FOR WHO THEY ARE, AND TO IMPROVE OUR STAFF'S UNDERSTANDING OF ISSUES RELATED TO RACE AND EQUALITY. VALLEY ALSO CONTINUES OUR COMMITMENT TO COMBAT SOCIAL INJUSTICE BY DIVERSIFYING OUR SUPPLIER NETWORK.VALLEY PARTNERED WITH BERGEN COMMUNITY COLLEGE TO CELEBRATE BLACK HISTORY MONTH WITH TWO PROGRAMS THAT ENCOURAGE SAFETY AND EQUAL ACCESS TO ALL. PATHWAYS, PIPELINES, PREPARATION, AND PARTICIPATION IN STEM FEATURED A PANEL OF EXPERTS DISCUSSING THE IMPORTANCE OF PEOPLE OF COLOR IN HEALTH AND STEM CAREERS. EXPLORING BETTER HEALTH IN THE BLACK COMMUNITY ADDRESSED HEALTH DISPARITIES IN THE BIPOC COMMUNITY. OTHER HEALTH PROGRAMS INCLUDED SINGLE MOTHER BY CHOICE AND HYPERTENSION AND KIDNEY DISEASE IN THE BLACK POPULATION. VALLEY PARTICIPATED IN THREE HEALTHCARE CAREER EXHIBITIONS CALLED "WHO MAKES UP A HOSPITAL? AND TWO FIRST RESPONDER EVENTS AT THE BOYS & GIRLS CLUBS OF PATERSON AND PASSAIC AND THE PATERSON STEAM HIGH SCHOOL. ADDITIONALLY, VALLEY PHYSICIANS WERE INVITED TO JERSEY CITY PUBLIC SCHOOLS TO DISCUSS DIFFERENT HEALTHCARE CAREERS AND CAREER PATHS.THE RIDGEWOOD ACADEMY FOR HEALTH PROFESSIONS (RAHP) IS A PARTNERSHIP BETWEEN VALLEY, RIDGEWOOD HIGH SCHOOL, AND BERGEN COMMUNITY COLLEGE. THIS THREE-YEAR PROGRAM BEGAN IN 2005 AND HAS GRADUATED OVER 500 STUDENTS INTERESTED IN PURSUING CAREERS IN HEALTHCARE. DURING THE STUDENT'S FIRST YEAR, TERMED THEIR "EXPLORATION YEAR," STUDENTS VISIT THREE FULL-DAY SESSIONS LEARNING ABOUT DIFFERENT DEPARTMENTS IN THE HEALTHCARE SETTING. THE SECOND YEAR CONCENTRATES ON AREAS OF INTEREST THE STUDENTS WOULD LIKE TO FURTHER INVESTIGATE. DURING THE STUDENT'S THIRD YEAR, TERMED THEIR "MENTORSHIP YEAR," STUDENTS CHOOSE ONE HEALTH-RELATED ISSUE TO EXPLORE UNDER THE GUIDANCE OF A MENTOR AND PREPARE A CAPSTONE PROJECT. VALLEY HAS ALREADY HIRED THREE NURSES, TWO SOCIAL WORKERS, AN IMAGING TECH, AND AN ADMINISTRATOR WHO ARE ALL GRADUATES OF RAHP.COMMUNITY EDUCATION CLASSES WERE ORIGINALLY DESIGNED AS IN-PERSON SESSIONS, BUT WHEN THE PANDEMIC HIT, THE COMMUNITY HEALTH DEPARTMENT TRANSITIONED TO OFFERING CLASSES VIRTUALLY. OVER 15,256 PEOPLE PARTICIPATED IN LIVE, FREE EDUCATION PROGRAMS IN PERSON AND VIRTUALLY IN 2022. AN ADDITIONAL 68,898 PEOPLE PARTICIPATED IN RECORDED VERSIONS ON VALLEY'S WEBSITE IN 2022. VALLEY LAUNCHED "CONVERSATIONS LIKE NO OTHER" AUDIO PODCAST THAT GOES BEYOND THE CONVENTIONAL AND EVERYDAY HEALTH TOPICS TO GO DEEPER INTO THE PERSONAL ISSUES FACING MEN, WOMEN, AND CHILDREN OF ALL AGES. IN 2022, OVER 630 PEOPLE LISTENED TO THE VARIETY OF EPISODES.LIFESTYLES, OUR WORLD-CLASS HEALTH AND FITNESS CENTER, FEATURES THREE POOLS AND THE LATEST STRENGTH AND CARDIO EQUIPMENT. THE TEAM OF HIGHLY EXPERIENCED AND DEGREED HEALTH PROFESSIONALS DESIGN PROGRAMMING TO MEET THE WELLNESS NEEDS OF PEOPLE OF ALL AGES.VALLEY HEALTH LIFESTYLES HOSTED A "NOBODY FIGHTS ALONE" FUNDRAISER TO FIGHT AGAINST BREAST CANCER AND HONOR FORMER EMPLOYEE AND FRIEND, CHRISSY FLATT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Audrey Meyers President & Ceo, Vhs | OfficerTrustee | 0.5 | $0 |
Vincent Forlenza Chair | OfficerTrustee | 0.1 | $0 |
Kevin Lobo Vice Chair | OfficerTrustee | 0.1 | $0 |
Frank J Sheehy Vice Chair | OfficerTrustee | 0.1 | $0 |
Ann Limberg Vice Chair & Secretary | OfficerTrustee | 0.1 | $0 |
Joseph Marion Treasurer | OfficerTrustee | 0.1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Vaya Workforce Solutions Llc Temporary Staffing | 12/30/22 | $16,543,144 |
Torcon Inc General Contractor | 12/30/22 | $19,602,091 |
Pangaia Partners Llc It Infrastructure Solutions | 12/30/22 | $13,926,340 |
Hdr Architecture Architectural Services | 12/30/22 | $2,914,073 |
Mayo Collaborative Services Inc Laboratory Services | 12/30/22 | $2,130,214 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $45,960,616 |
Government grants | $2,688,804 |
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 | $48,649,420 |
Total Program Service Revenue | $894,617,449 |
Investment income | $20,838,353 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $2,130,071 |
Net Gain/Loss on Asset Sales | $9,900,408 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,000,529,103 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $89,176,604 |
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. | $1,775,601 |
Compensation of current officers, directors, key employees. | $301,852 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $286,696,839 |
Pension plan accruals and contributions | $9,944,995 |
Other employee benefits | $27,323,065 |
Payroll taxes | $18,989,169 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $137,004 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $53,763,801 |
Advertising and promotion | $821,333 |
Office expenses | $4,248,268 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $20,956,096 |
Travel | $351,421 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,524,067 |
Interest | $3,454,073 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $56,711,249 |
Insurance | $0 |
All other expenses | $5,336,781 |
Total functional expenses | $855,859,930 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $7,610,097 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $88,830,870 |
Loans from Officers, Directors, or Controlling Persons | $22,592,263 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $6,595,119 |
Net Land, buildings, and equipment | $675,076,013 |
Investments—publicly traded securities | $1,253,327,843 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $160,054,745 |
Total assets | $2,214,086,950 |
Accounts payable and accrued expenses | $215,615,034 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $369,518,483 |
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 | $58,410,905 |
Other liabilities | $118,406,627 |
Total liabilities | $761,951,049 |
Net assets without donor restrictions | $1,445,449,460 |
Net assets with donor restrictions | $6,686,441 |
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 | $2,214,086,950 |
Over the last fiscal year, Valley Hospital Inc has awarded $96,877,491 in support to 21 organizations.
Grant Recipient | Amount |
---|---|
VALLEY PHYSICIAN SERVICES INC PURPOSE: GENERAL SUPPORT | $96,532,031 |
VALLEY HEALTH SYSTEM PURPOSE: GENERAL SUPPORT | $118,540 |
BERGEN VOLUNTEER MEDICAL INITIATIVE PURPOSE: GENERAL SUPPORT | $25,000 |
US UKRAINE FOUNDATION PURPOSE: GENERAL SUPPORT | $25,000 |
FAMILY PROMISE OF BERGEN COUNTY PURPOSE: GENERAL SUPPORT | $20,000 |
BOROUGH OF PARAMUS PURPOSE: GENERAL SUPPORT | $15,500 |