Humboldt Park Health
- Assets
- $153.0m
- Revenue
- $148.2m
- Investments
- $0.0
- Employees
- 969
- Location
- Chicago, IL
- Founding
- 07/1937
- Data as of
- 09/2023
- EIN
- 36-1564290
Organization Overview
Humboldt Park Health is located in Chicago, IL. The organization was established in 1937. 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 09/2023, Humboldt Park Health employed 969 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Humboldt Park Health 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 09/2023, Humboldt Park Health generated $148.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $146.7m during the year ending 09/2023. While expenses have increased by 2.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HUMBOLDT PARK HEALTH PROVIDES QUALITY AND COMPASSIONATE HEALTH CARE SERVICES BY PARTNERING WITH PATIENTS AND THEIR FAMILIES, OUR EMPLOYEES, PHYSICIANS AND THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUMBOLDT PARK HEALTH (HOSPITAL) IS A PREMIER HEALTH CARE PROVIDER WHERE THE PATIENT COMES FIRST. AS AN ORGANIZATION OF CAREGIVERS, HUMBOLDT PARK HEALTH INSPIRES TO CONSISTENTLY HIGH STANDARDS OF QUALITY, FAMILY-CENTERED HEALTH CARE SERVICES AND COST EFFECTIVENESS. HUMBOLDT PARK HEALTH SEEKS TO PROMOTE WELLNESS WITHIN THE FAMILY AND TO BE DYNAMIC PARTNERS IN HEALTH WITH THE COMMUNITIES IT SERVES. FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023, HUMBOLDT PARK HEALTH ESTIMATES IT PROVIDED $3,085,083 IN CHARITY CARE COST FOR HEALTHCARE SERVICES AND SUPPLIES PROVIDED TO MEMBERS OF THE COMMUNITIES SERVED UNDER ITS CHARITY CARE POLICY. THESE MEMBERS DID NOT HAVE THE ABILITY TO PAY FOR SERVICES RECEIVED. HUMBOLDT PARK HEALTH ALSO PROVIDED CARE TO PATIENTS WHO ARE BENEFICIARIES OF MEDICARE, MEDICAID, BLUE CROSS AND MANAGED CARE REIMBURSEMENT PROGRAMS. REIMBURSEMENT AMOUNTS FOR THESE PROGRAMS ARE LESS THAN CHARGES AND IN SOME CASES LESS THAN COST. FOR FISCAL YEAR 2023, HUMBOLDT PARK HEALTH SERVED 5,296 PATIENTS ADMITTED WHO RECEIVED 35,496 DAYS OF HEALTHCARE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Dagoberto Camacho President Of Medical Staff - Thru 9/23 | Trustee | 40 | $349,131 |
Arun Verma Board Trustee | Trustee | 40 | $270,601 |
Richard A Blabolil Chairman | OfficerTrustee | 5 | $0 |
Billy Ocasio Vice-Chairman | OfficerTrustee | 4 | $0 |
John Monteverde Secretary | OfficerTrustee | 8 | $0 |
Miguel Tovar Treasurer - Thru 5/2023 | OfficerTrustee | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Staffency Llc Temp Staffing | 9/29/23 | $11,905,225 |
Quest Diagnostics Lab Services | 9/29/23 | $4,839,556 |
Shiftwise Temp Staffing | 9/29/23 | $7,689,303 |
North American Partners In Anesthesia Services | 9/29/23 | $3,106,809 |
Ettain Group It Consulting Services | 9/29/23 | $773,057 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $462,474 |
| Government grants | $7,631,443 |
| 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 | $8,093,917 |
| Total Program Service Revenue | $138,711,212 |
| Investment income | $861,490 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $493,586 |
| 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 | $148,160,205 |
| 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. | $2,661,156 |
| Compensation of current officers, directors, key employees. | $2,661,156 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,922,871 |
| Pension plan accruals and contributions | $500,973 |
| Other employee benefits | $8,088,146 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $423,280 |
| Fees for services: Accounting | $157,550 |
| Fees for services: Lobbying | $176,980 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,384 |
| Fees for services: Other | $44,467,034 |
| Advertising and promotion | $40,192 |
| Office expenses | $11,629,047 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,869,499 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $983,392 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,783,752 |
| Insurance | $3,276,939 |
| All other expenses | $0 |
| Total functional expenses | $146,666,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,203,291 |
| Savings and temporary cash investments | $6,569,042 |
| Pledges and grants receivable | $6,165,764 |
| Accounts receivable, net | $13,643,265 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,261,274 |
| Prepaid expenses and deferred charges | $976,762 |
| Net Land, buildings, and equipment | $62,255,735 |
| Investments—publicly traded securities | $17,957,406 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,958,042 |
| Total assets | $152,990,581 |
| Accounts payable and accrued expenses | $32,738,679 |
| Grants payable | $0 |
| Deferred revenue | $731,627 |
| 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 | $29,763,225 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,550,562 |
| Total liabilities | $85,784,093 |
| Net assets without donor restrictions | $51,566,561 |
| Net assets with donor restrictions | $15,639,927 |
| 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 | $152,990,581 |