Spectrum Health Care Inc
- Assets
- $2.6m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 69
- Location
- Jersey City, NJ
- Founding
- 08/1984
- Data as of
- 06/2022
- EIN
- 22-2512383
Organization Overview
Spectrum Health Care Inc is located in Jersey City, NJ. The organization was established in 1984. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. As of 06/2022, Spectrum Health Care Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spectrum Health Care 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 06/2022, Spectrum Health Care Inc generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $4.8m during the year ending 06/2022. While expenses have increased by 8.7% 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 COMPREHENSIVE OPIOID THERAPY AND AIDS TESTING TO THOSE SEEKING TREATMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE COMPREHENSIVE OPIOID THERAPY TO THOSE SEEKING TREATMENT IN, AND AROUND, HUDSON COUNTY WITHOUT SEPERATION FROM FAMILY, COMMUNITY AND EMPLOYEES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward P Cox Executive Director/trustee | Trustee | 40 | $202,075 |
Christie Hanvey COO | Officer | 40 | $153,613 |
Sunil Anand CFO | Officer | 40 | $61,096 |
Thomas Murphy President | OfficerTrustee | 0 | $0 |
Thomas Cappadona Secretary/treasurer | OfficerTrustee | 0 | $0 |
Michele Jefery Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,187,571 |
| 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 | $1,187,571 |
| Total Program Service Revenue | $4,400,801 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,567,447 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,787,997 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $476,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $1,289,581 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $243,485 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,996 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,842,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,986,877 |
| Pledges and grants receivable | $310,309 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $311,618 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,926 |
| Total assets | $2,613,730 |
| Accounts payable and accrued expenses | $0 |
| 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 | $207,840 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $207,840 |
| Net assets without donor restrictions | $2,405,890 |
| 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 | $2,613,730 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Spectrum Health Service Inc Philadelphia, PA | $21,459,031 | $22,165,615 |
Public Good Projects New York, NY | $3,040,032 | $8,988,626 |
Health Promotion Council Of Southeastern Pennsylvania Inc Philadelphia, PA | $4,768,529 | $8,462,838 |
Healthshare Of Southeastern Pennsylvania Inc Philadelphia, PA | $6,008,370 | $8,973,710 |
Global Healthy Living Foundationinc Upper Nyack, NY | $6,909,681 | $8,221,665 |
Gradian Health Systems Inc New York, NY | $21,514,567 | $7,272,178 |
Turnaround For Children Inc New York, NY | $10,240,102 | $6,726,239 |
Every Mother Counts New York, NY | $11,774,449 | $8,265,918 |
Kids Smiles Inc Norwood, PA | $2,528,024 | $5,826,185 |
Spectrum Health Care Inc Jersey City, NJ | $2,613,730 | $6,567,447 |
Bebashi Transition To Hope Philadelphia, PA | $2,902,766 | $5,181,013 |
Interboro Regional Health Information Organization Inc Elmhurst, NY | $6,627,400 | $5,892,590 |