Marymount Health Care Systems
- Assets
- $38.1m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Garfield Heights, OH
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 34-1408846
Organization Overview
Marymount Health Care Systems is located in Garfield Heights, OH. The organization was established in 1946. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Marymount Health Care Systems 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, Marymount Health Care Systems generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 3.6% 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
PROVIDE HEALTH CARE SERVICES BY LEASING & OPERATING FACILITIES CONSISTENT WITH THE PHILOSPHY OF THE ROMAN CATHOLIC RELIGIOUS CONGREGATION KNOWN AS THE SISTERS OF ST JOSEPH
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUBLEASED ALL LAND IMPROVEMENTS, BUILDINGS, AND LEASEHOLD IMPROVEMENTS TO VILLAGE AT MARYMOUNT, A 501(C)(3) ORGANIZATION THAT PROVIDED 59,796 DAYS OF PATIENT CARE AT ITS NURSING HOME RETIREMENT CENTER AND SKILLED CARE FACILITY IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffry A Myers Ex-Officio COO | Officer | 3 | $0 |
Daniel Napierkowski Ex-Officio President | Officer | 1 | $0 |
Dale Lytkowski Treasurer | Trustee | 1 | $0 |
Joseph Derosa Trustee | Trustee | 1 | $0 |
Sister Betty Gulick Trustee | Trustee | 1 | $0 |
Sister Anne Marie Luberda Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,199,889 |
| Investment income | $127,613 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$28,186 |
| Net Gain/Loss on Asset Sales | $918,087 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,217,403 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,567 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $62,207 |
| Fees for services: Other | $4,178 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $539,044 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,092,851 |
| Insurance | $284,262 |
| All other expenses | $0 |
| Total functional expenses | $2,970,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,253 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $93,408 |
| Net Land, buildings, and equipment | $16,301,582 |
| Investments—publicly traded securities | $7,209,845 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,448,397 |
| Total assets | $38,063,485 |
| Accounts payable and accrued expenses | $148,283 |
| Grants payable | $0 |
| Deferred revenue | $5,250 |
| 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 | $16,981,812 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,995,360 |
| Total liabilities | $19,130,705 |
| Net assets without donor restrictions | $18,932,780 |
| 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 | $38,063,485 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chandler Hall Health Services Inc Newtown, PA | $26,412,529 | $17,505,940 |
Monongalia Health System Inc Morgantown, WV | $86,745,766 | $16,010,701 |
The Wellness Plan Detroit, MI | $20,565,679 | $22,308,644 |
Main Line Health System Newtown Square, PA | $716,989,438 | $16,528,062 |
Keystone Human Services Harrisburg, PA | $87,650,682 | $15,974,485 |
Henderson County Health Care Corporation Henderson, KY | $21,606,323 | $14,826,230 |
Bronson Nursing And Rehabilitation Center Kalamazoo, MI | $18,564,873 | $12,056,782 |
Juniper Health Inc Beattyville, KY | $22,989,895 | $17,799,078 |
Gslpg Inc Allentown, PA | $2,068,397 | $14,256,674 |
Wellspan Health Care Services York, PA | $27,111,355 | $16,698,867 |
Fisher Titus Health Norwalk, OH | $26,776,326 | $13,778,991 |
Heritage Valley Health System Inc Beaver, PA | $119,093,589 | $30,915,024 |