Carepoint Health Foundation Inc

Organization Overview

Carepoint Health Foundation Inc is located in Jersey City, NJ. The organization was established in 2012. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2022, Carepoint Health Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carepoint Health Foundation 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, Carepoint Health Foundation Inc generated $5.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $6.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Carepoint Health Foundation Inc has awarded 26 individual grants totaling $54,564,080. 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 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION WAS ESTABLISHED TO STRENGTHEN ACCESS TO CARE FOR THE UNINSURED AND THE UNDERINSURED MEMBERS OF THE HUDSON COUNTY COMMUNITY. THE FOUNDATION GENERATES CHARITABLE DOLLARS AND MAKES STRATEGIC GRANTS TO SUPPORT PROGRAMS AND SERVICES THAT ADVANCE ITS MISSION IN IMPROVING ACCESS TO HEALTH, WELLNESS, HEALTH EDUCATION AND FUTURE HEALTH PROFESSIONAL'S EDUCATION SERVICES FOR RESIDENTS OF HUDSON COUNTY, NEW JERSEY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE OUTPATIENT DEPARTMENT PROGRAM AT HOBOKEN UNIVERSITY MEDICAL CENTER PROVIDES INDIVIDUAL, COUPLE, FAMILY GROUP THERAPY, AND PSYCHO-EDUCATIONAL SERVICES. THE PARTIAL HOSPITAL PROGRAM PROVIDES TREATMENT FOR INDIVIDUALS SUFFERING FROM PSYCHIATRIC DISORDERS. THE AFFILIATED EMERGENCY SERVICES PROVIDE IMMEDIATE, SHORT-TERM HELP FOR INDIVIDUALS IN DANGER OF HURTING THEMSELVES OR OTHERS OR EXPERIENCING INCREASED PSYCHIATRIC AND/OR SUBSTANCE ABUSE SYMPTOMS. THE PSYCHIATRIC EMERGENCY SERVICES PROGRAM PROVIDES 24/7 PSYCHIATRIC SCREENING AND ASSESSMENT SERVICES.


THE OUTPATIENT MENTAL HEALTH PROGRAM AT CHRIST HOSPITAL PROVIDES SHORT-TERM AND LONG-TERM THERAPY FOR INDIVIDUALS DEALING WITH DEPRESSION, GRIEF OR LOSS, ANXIETY, SERIOUS AND PERSISTENT MENTAL ILLNESS, OR MENTAL HEALTH ISSUES COMPOUNDED BY A HISTORY OF SUBSTANCE USE. THE PSYCHIATRIC EMERGENCY SERVICES PROGRAM PROVIDES 24/7 PSYCHIATRIC SCREENING AND ASSESSMENT SERVICES.


SUPPORT PROGRAMS AND SERVICES THAT ADVANCE OUR MISSION OF IMPROVING ACCESS TO HEALTH, WELLNESS, HEALTH EDUCATION AND FUTURE HEALTH PROFESSIONALS' EDUCATION SERVICES FOR RESIDENTS OF HUDSON COUNTY, NEW JERSEY.


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Board, Officers & Key Employees

Name (title)Compensation
Daniel Altilio
Chairman
$0
Eugene J Cornacchia
Vice Chair
$0
Joseph Caulfield
Treasurer
$0
Lucille Casulli
Secretary
$0
Henry J Amoroso
Trustee
$0
Isabel D Chou
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$89,076
Related organizations$0
Government grants $5,159,196
All other contributions, gifts, grants, and similar amounts not included above$601,657
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,849,929
Total Program Service Revenue$0
Investment income $9,873
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 $5,860,629

Grants Awarded

Over the last fiscal year, Carepoint Health Foundation Inc has awarded $5,147,728 in support to 2 organizations.

Grant RecipientAmount

HOBOKEN UNIVERSITY MEDICAL CENTER

PURPOSE: GENERAL SUPPORT

$3,598,776

CHRIST HOSPITAL

PURPOSE: GENERAL SUPPORT

$1,548,952
View Grant Profile

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