Valley Physician Services Ny Pc
- Assets
- $2.2m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 28
- Location
- Paramus, NJ
- Founding
- 07/2018
- Data as of
- 12/2021
- EIN
- 45-3125678
Organization Overview
Valley Physician Services Ny Pc is located in Paramus, NJ. The organization was established in 2018. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2021, Valley Physician Services NY Pc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Physician Services NY Pc 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, Valley Physician Services NY Pc generated $9.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $9.7m during the year ending 12/2021. While expenses have increased by 6.3% per year over the past 4 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
VALLEY PHYSICIANS SERVICES NY, P.C. WAS FORMED TO PROVIDE MEDICAL CARE AND TO CARRY OUT THE PURPOSES OF THE VALLEY HEALTH SYSTEM, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VALLEY PHYSICIAN SERVICES NY, P.C. RENDERED MEDICAL CARE TO A TOTAL OF 40,214 PATIENTS. MEDICAL CARE PROVIDED WAS IN THE FIELDS OF INTERNAL MEDICINE, CLINICAL CARDIAC ELECTROPHYSIOLOGY, CARDIOLOGY, PHYSICIAN ASSISTANT AND ENDOCRINOLOGY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suneet Mittal Physician | 0.1 | $1,435,246 | |
Tina Sichrovsky MD Physician | 40 | $666,853 | |
Dan Musat MD Physician | 40 | $645,571 | |
Advay Bhatt MD Physician | 40 | $589,437 | |
Mark Preminger MD Physician | 40 | $577,705 | |
Audrey Meyers President & Ceo, Vhs | OfficerTrustee | 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 | $9,742,651 |
| 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 | $9,742,651 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,610,384 |
| 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 | $5,650,600 |
| Pension plan accruals and contributions | $104,800 |
| Other employee benefits | $113,597 |
| Payroll taxes | $248,493 |
| 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 | $960,190 |
| Advertising and promotion | $0 |
| Office expenses | $102,914 |
| Information technology | $51,625 |
| Royalties | $0 |
| Occupancy | $508,986 |
| Travel | $2,576 |
| 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 | $135,903 |
| Insurance | $79,629 |
| All other expenses | $0 |
| Total functional expenses | $9,742,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $352,371 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,129,189 |
| 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 | $30,881 |
| Net Land, buildings, and equipment | $252,047 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $462,429 |
| Total assets | $2,226,917 |
| Accounts payable and accrued expenses | $768,738 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $798,050 |
| Total liabilities | $1,566,788 |
| Net assets without donor restrictions | $660,129 |
| 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 | $2,226,917 |
Grants Awarded
Over the last fiscal year, Valley Physician Services Ny Pc has awarded $886,641 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VALLEY PHYSICIANS SERVICES PC PURPOSE: STRATEGIC FUNDING | $877,632 |
Ridgewood, NJ PURPOSE: STRATEGIC FUNDING | $9,009 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Valley Physician Services Ny Pc has recieved totaling $51,345.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: STRATEGIC FUNDING | | $33,757 |
Valley Physician Servcies Inc Ridgewood, NJ PURPOSE: STRATEGIC FUNDING | $17,588 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Penn Comprehensive Health Services Mansfield, PA | $22,065,846 | $23,390,461 |
Meeting House Lane Medical Practice Pc Southampton, NY | $4,403,097 | $19,403,178 |
Samaritan Medical Practice Pc Watertown, NY | $8,374,909 | $9,985,737 |
Upstate Medical Anesthesiology Group Inc Syracuse, NY | $2,848,436 | $19,006,046 |
Mary M Gooley Hemophilia Center Inc Rochester, NY | $16,939,861 | $23,643,261 |
Community Lifeteam Inc Harrisburg, PA | $10,105,163 | $14,110,293 |
Coney Island Medical Practice Plan Pc Bronx, NY | $7,608,184 | $19,438,275 |
Flh Medical Pc Geneva, NY | $8,604,423 | $16,548,064 |
National Harm Reduction Coalition New York, NY | $8,420,903 | $10,197,206 |
Betances Health Center New York, NY | $7,749,234 | $19,758,913 |
Medical Associates Of Erie Erie, PA | $13,349,098 | $16,733,859 |
Claxton Medical Pc Ogdensburg, NY | $1,758,370 | $8,760,975 |