Holy Name Medical Center Inc

Organization Overview

Holy Name Medical Center Inc is located in Teaneck, NJ. The organization was established in 1946. 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, Holy Name Medical Center Inc employed 3,410 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Holy Name Medical Center 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, Holy Name Medical Center Inc generated $524.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $546.4m during the year ending 12/2022. While expenses have increased by 6.9% per year over the past 8 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 2017, Holy Name Medical Center Inc has awarded 35 individual grants totaling $19,187,171. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE MEDICALLY NECESSARY HEALTHCARE SVCS TO INDIVIDUALS IN THE COMMUNITY REGARDLESS OF RACE, COLOR, CREED, SEX, GENDER IDENTITY, NAT'L ORIGIN, AGE, DISABILITY OR ABILITY TO PAY.

Describe the Organization's Program Activity:

EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY OUTPATIENT SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O.


EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY INPATIENT SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O.


EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY EMERGENCY DEPARTMENT SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Symmetry Workforce Solutions Llc
Staffing
$20,873,982
Phelps Construction Group Llc
Construction
$2,166,277
Cal's Excavating Llc
Construction
$2,511,480
Outfront Media Llc
Advertising
$1,797,047
New Jersey Perinatal Associates
Medical
$1,649,189
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$147,300
Fundraising events$0
Related organizations$3,087,226
Government grants $8,755,642
All other contributions, gifts, grants, and similar amounts not included above$90,206
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$12,080,374
Total Program Service Revenue$506,784,638
Investment income $2,009,703
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $531,968
Net Gain/Loss on Asset Sales $941,426
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $524,882,640

Grants Awarded

Over the last fiscal year, Holy Name Medical Center Inc has awarded $17,895,892 in support to 7 organizations.

Grant RecipientAmount

BERGEN CATHOLIC HIGH SCHOOL

PURPOSE: PROGRAM SUPPORT

$10,000

BERGEN VOLUNTEER MEDICAL INITIATIVE

PURPOSE: PROGRAM SUPPORT

$10,000

SHARSHERET INC

PURPOSE: PROGRAM SUPPORT

$25,000

CAUCUS EDUCATIONAL CORPORATION

PURPOSE: PROGRAM SUPPORT

$125,000

SINAI SPECIAL NEEDS INSTITUTE

PURPOSE: PROGRAM SUPPORT

$200,000

SAVE LATIN AMERICA

PURPOSE: PROGRAM SUPPORT

$13,000
View Grant Profile

Peer Organizations

Organization NameAssets
Newyork-Presbyterian-Queens
Flushing, NY
$913,594,490
New York-Presbyterian Brooklyn Methodist
Brooklyn, NY
$932,635,722
Bronxcare Health System
Bronx, NY
$950,080,223
Abington Memorial Hospital
Philadelphia, PA
$858,404,541
Virtu-West Jersey Health System Inc
Marlton, NJ
$1,034,437,707
Bayhealth Medical Center Inc
Dover, DE
$960,380,651
St Francis Hospital
Roslyn, NY
$969,845,898
Valley Hospital Inc
Ridgewood, NJ
$1,000,529,103
United Health Services Hospitals Inc
Binghamton, NY
$826,097,433
Rwj Barnabas Health Inc
Livingston, NJ
$871,885,801
Vassar Brothers Medical Center
Poughkeepsie, NY
$774,380,228
Good Samaritan Hosptial Medical Center
West Islip, NY
$802,832,775
Geisinger Wyoming Valley Medical Center
Danville, PA
$796,994,191
Jamaica Hospital Medical Center
Jamaica, NY
$748,096,129
Tower Health
Reading, PA
$611,657,602
St Peters Hospital
Albany, NY
$713,213,196
Pennsylvania Hospital Of The Univ Of Pennsylvania Health System
Philadelphia, PA
$733,725,377
Kennedy University Hospital Inc
Philadelphia, PA
$722,110,488
White Plains Hospital Medical Center
White Plains, NY
$782,363,978
The Unity Hospital Of Rochester
Rochester, NY
$636,049,483
Mary Imogene Bassett Hospital
Cooperstown, NY
$653,736,548
Rwj Barnabas Health Inc
Newark, NJ
$644,768,822
Garnet Health Medical Center
Middletown, NY
$615,559,035
Huntington Hospital Association
Westbury, NY
$641,216,866
St Josephs Hospital Health Center
Syracuse, NY
$632,171,015

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