Deborah Heart & Lung Center
- Assets
- $167.2m
- Revenue
- $229.4m
- Investments
- $0.0
- Employees
- 1,393
- Location
- Browns Mills, NJ
- Founding
- 05/1973
- Data as of
- 12/2021
- EIN
- 23-1550955
Organization Overview
Deborah Heart & Lung Center is located in Browns Mills, NJ. The organization was established in 1973. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Deborah Heart & Lung Center employed 1,393 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Deborah Heart & Lung Center 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, Deborah Heart & Lung Center generated $229.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $218.3m during the year ending 12/2021. While expenses have increased by 4.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE NECESSARY FACILITIES AND RESOURCES REQUIRED TO DELIVER THE HIGHEST QUALITY HEALTHCARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROVIDING INPATIENT AND OUTPATIENT SERVICES FOR THE DIAGNOSIS AND TREATMENT OF HEART, LUNG AND VASCULAR DISEASE TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY AND IN FURTHERANCE OF CHARITABLE TAX-EXEMPT PURPOSES. PLEASE REFER TO THE COMMUNITY BENEFIT STATEMENT IN SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raffaele Corbisiero MD Physician | 55 | $1,135,258 | |
Joseph Chirichella Trustee - President/ceo | OfficerTrustee | 55 | $1,039,629 |
Pedram Kazemian MD Physician | 55 | $945,929 | |
Mark Moshiyakhov MD Physician | 55 | $938,561 | |
Kulpreet S Barn MD Physician | 55 | $778,501 | |
Muhammad Muntazar MD Physician | 55 | $588,398 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Siemens Financial Services Financing | 12/30/21 | $2,778,757 |
Dover Cardiology Center Medical | 12/30/21 | $3,786,391 |
Epstein Becker Green Pc Legal | 12/30/21 | $1,981,478 |
Mid-atlantic Surgical Associates Medical | 12/30/21 | $2,750,001 |
Ocean Cardiovascular Specialists Medical | 12/30/21 | $1,783,774 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $14,268,788 |
| Government grants | $823,942 |
| All other contributions, gifts, grants, and similar amounts not included above | $261,683 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,354,413 |
| Total Program Service Revenue | $211,072,291 |
| Investment income | $127,146 |
| Tax Exempt Bond Proceeds | $285 |
| Royalties | $0 |
| Net Rental Income | $631,160 |
| Net Gain/Loss on Asset Sales | $2,178,332 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $229,369,314 |
| 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. | $4,363,767 |
| Compensation of current officers, directors, key employees. | $436,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,540,467 |
| Pension plan accruals and contributions | $828,219 |
| Other employee benefits | $11,605,297 |
| Payroll taxes | $5,811,990 |
| Fees for services: Management | $30,000 |
| Fees for services: Legal | $2,721,784 |
| Fees for services: Accounting | $270,318 |
| Fees for services: Lobbying | $124,001 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,860 |
| Fees for services: Other | $20,794,062 |
| Advertising and promotion | $1,293,173 |
| Office expenses | $2,790,518 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,991,314 |
| Travel | $81,540 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $583 |
| Interest | $437,185 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,963,383 |
| Insurance | $582,212 |
| All other expenses | $8,594,464 |
| Total functional expenses | $218,265,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,850 |
| Savings and temporary cash investments | $32,596,999 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,791,856 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,298,076 |
| Prepaid expenses and deferred charges | $5,292,898 |
| Net Land, buildings, and equipment | $35,981,745 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $49,244,660 |
| Intangible assets | $0 |
| Other assets | $11,018,168 |
| Total assets | $167,226,252 |
| Accounts payable and accrued expenses | $37,583,602 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $4,349,640 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,999,065 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $33,026,825 |
| Total liabilities | $80,959,132 |
| Net assets without donor restrictions | $66,864,980 |
| Net assets with donor restrictions | $19,402,140 |
| 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 | $167,226,252 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Deborah Heart & Lung Center has recieved totaling $219,293.
| Awarding Organization | Amount |
|---|---|
Carl R Fravel Memorial Trust Sewell, NJ PURPOSE: UNRESTRICTED | $125,000 |
Women As One Inc Asheville, NC PURPOSE: Prof Development | $25,000 |
Knights Of Columbus North Bergen, NJ | | $15,000 |
Marie H Brock Memorial Charitable Trust Las Vegas, NV PURPOSE: GENERAL OPERATING | $13,800 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $10,673 |
American Heart Association Inc Dallas, TX PURPOSE: AORTIC STENOSIS INITIATIVE | $10,000 |
Endowment Analysis
| Beg. Balance | $18,115,004 |
| Earnings | -$5,198,222 |
| Net Contributions | $8,905,335 |
| Other Expense | $2,419,977 |
| Ending Balance | $19,402,140 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The American Oncologic Hospital Philadelphia, PA | $214,267,027 | $267,396,349 |
Deborah Heart & Lung Center Browns Mills, NJ | $167,226,252 | $229,369,314 |
New York Eye & Ear Infirmary New York, NY | $185,735,136 | $146,385,598 |
Calvary Hospital Inc Bronx, NY | $108,684,200 | $129,369,000 |
Elizabeth Seton Pediatric Center Yonkers, NY | $164,173,178 | $115,663,526 |
Saint Marys Hospital For Children Inc Bayside, NY | $163,358,524 | $102,313,252 |
Blythedale Childrens Hospital Valhalla, NY | $271,989,720 | $102,411,458 |
Good Shepherd Rehabilitation Hosp Allentown, PA | $57,653,412 | $80,489,930 |
Fox Chase Cancer Center Medical Group Inc Philadelphia, PA | $37,947,929 | $82,329,773 |
Magee Rehabilitation Hospital Philadelphia, PA | $274,504,681 | $82,150,847 |
Sunnyview Hospital And Rehabilitation Center Schenectady, NY | $57,470,156 | $63,251,505 |
Magee-Womens Research Institute And Foundation Pittsburgh, PA | $105,422,061 | $58,233,606 |