Montefiore Mount Vernon Hospital
- Assets
- $45.2m
- Revenue
- $78.6m
- Investments
- $0.0
- Employees
- 567
- Location
- Mount Vernon, NY
- Founding
- 11/2014
- Data as of
- 12/2021
- EIN
- 46-2916938
Organization Overview
Montefiore Mount Vernon Hospital is located in Mount Vernon, NY. The organization was established in 2014. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Montefiore Mount Vernon Hospital employed 567 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montefiore Mount Vernon Hospital 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, Montefiore Mount Vernon Hospital generated $78.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $81.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. 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 HEAL, TO TEACH, TO DISCOVER AND TO ADVANCE THE HEALTH OF THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTEFIORE MOUNT VERNON HOSPITAL IS A 176 BED, COMMUNITY-BASED TEACHING HOSPITAL THAT HAS BEEN SERVING THE MEDICAL NEEDS OF THE COMMUNITY SINCE ITS INCEPTION. MONTEFIORE MOUNT VERNON PROVIDES INPATIENT, CRITICAL CARE AND AMBULATORY SERVICES TO RESIDENTS OF LOWER WESTCHESTER COUNTY. THE HOSPITAL IS PART OF MONTEFIORE HEALTH SYSTEM, THE UNIVERSITY HOSPITAL FOR THE ALBERT EINSTEIN COLLEGE OF MEDICINE. MONTEFIORE MOUNT VERNON HOSPITAL BEGAN OPERATIONS ON NOVEMBER 6, 2013 AS PART OF THE MONTEFIORE HEALTH SYSTEM. MONTEFIORE MOUNT VERNON'S MISSION IS TO HEAL, TO TEACH, TO DISCOVER AND TO ADVANCE THE HEALTH OF THE COMMUNITIES IT SERVES. TO THIS MISSION, THE HEALTH SYSTEM BRINGS A UNIQUE SYNERGY OF STRENGTHS AND RESOURCES THAT HAS HELPED DEFINE HEALTHCARE DELIVERY IN THE AREA AND HAVE EARNED MOUNT VERNON THE DISTINCTION OF BEING A DESIGNATED NEW YORK STROKE AND HIV/AIDS CENTER. MOUNT VERNON HOSPITAL IS ALSO HOME TO THE BEALE CHRONIC WOUND TREATMENT AND HYPERBARIC CENTER AND THE MONTEFIORE SCHOOL OF NURSING. THE HOSPITAL PROVIDES A RANGE OF DIAGNOSTIC AND THERAPEUTIC MEDICAL AND SURGICAL SERVICES IN ADDITION TO SPECIALTY PROGRAMS AND SERVICES. IT OPERATES A FAMILY HEALTH AND WELLNESS CENTER WITH MORE THAN 20 SPECIALIZED AMBULATORY CARE CLINICS AS WELL AS AN INPATIENT AND OUTPATIENT BEHAVIORAL HEALTH PROGRAM OFFERING PSYCHIATRIC SERVICES. THE HOSPITAL ALSO OPERATES A CHRONIC WOUND TREATMENT AND HYPERBARIC MEDICINE CENTER THAT OFFERS ADVANCE WOUND MANAGEMENT AS WELL AS HYPERBARIC OXYGEN THERAPY HELPING TO REDUCE THE RISK OF AMPUTATION FOR INDIVIDUALS SUFFERING FROM TRAUMATIC INJURIES. MONTEFIORE MOUNT VERNON HOSPITAL ALSO OPERATES A DRUG AND ALCOHOL ADDICTION REHABILITATION FACILITY LOCATED IN CLOSE PROXIMITY TO THEIR MAIN CAMPUS COMMITTED TO HELPING THOSE ADDICTED IN GETTING THE TREATMENT THAT THEY NEED. THE CENTER OFFERS PERSONALIZED TREATMENT PROGRAM SPECIFICALLY DESIGNED FOR THE PATIENT INCLUDING GROUP COUNSELING, 12-STEP PROGRAMS, MEDICALLY ASSISTED DETOXIFICATION, AND INDIVIDUAL COUNSELING, AMONG OTHERS, THAT CAN HELP TO GIVE OUR PATIENTS THE CONFIDENCE NEEDED TO SUCCESSFULLY OVERCOME THEIR ADDICTION TO DRUGS OR ALCOHOL. DURING 2021, MONTEFIORE MOUNT VERNON HOSPITAL WAS AGAIN AT THE FOREFRONT OF THE FIGHT AGAINST THE RESURGENT WAVES OF THE COVID-19 VIRUS THAT HAS CONTINUED RELENTLESSLY THROUGHOUT 2021. OUR COVID ADMISSIONS GROW AS EACH NEW WAVES OF THE VIRUS SPREAD THROUGHOUT THE COMMUNITY CAUSING IMMENSE SUFFERING AND VOLUMES OF DEATHS IN ITS WAKE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francis Agbonkpolo MD Chair-Anesthesia | 50 | $478,549 | |
Sanford Taffet MD Physician | 50 | $313,177 | |
Jim Chen MD Psychiatrist | 50 | $298,628 | |
Claus P Von Schorn MD Psychiatrist | 50 | $279,377 | |
Kameka Deans Physician Assistance | 70 | $258,281 | |
Philip O Ozuah Mdphd President & CEO | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medicus Psychiatry Services Llc Psychiatric Services | 12/30/21 | $1,076,662 |
Hospitalist Medicine Physicians Of Physician Services | 12/30/21 | $2,423,267 |
Securitas Security Serv Of Ny Pllc Security Services | 12/30/21 | $1,638,118 |
Healogics Wound Care Hyperbaric S Hyperbaric Services | 12/30/21 | $949,156 |
Envision Physician Services Llc Professional Service | 12/30/21 | $588,963 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,038,835 |
| All other contributions, gifts, grants, and similar amounts not included above | $233,246 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,272,081 |
| Total Program Service Revenue | $51,020,403 |
| Investment income | $5,681 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,430 |
| 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 | $78,648,978 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,030,277 |
| Pension plan accruals and contributions | $2,662,014 |
| Other employee benefits | $7,807,777 |
| Payroll taxes | $2,453,106 |
| Fees for services: Management | $98,790 |
| 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 | $6,771,645 |
| Advertising and promotion | $0 |
| Office expenses | $4,436,983 |
| Information technology | $2,213,573 |
| Royalties | $0 |
| Occupancy | $3,790,260 |
| Travel | $22,544 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,170 |
| Interest | $314,400 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,292,968 |
| Insurance | $3,766,042 |
| All other expenses | $241,216 |
| Total functional expenses | $81,837,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $700 |
| Savings and temporary cash investments | $14,052,782 |
| Pledges and grants receivable | $302,711 |
| Accounts receivable, net | $1,994,101 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $974,795 |
| Prepaid expenses and deferred charges | $294,879 |
| Net Land, buildings, and equipment | $9,743,867 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,881,825 |
| Total assets | $45,245,660 |
| Accounts payable and accrued expenses | $18,208,621 |
| Grants payable | $0 |
| Deferred revenue | $131,434 |
| 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 | $31,969,120 |
| Total liabilities | $50,309,175 |
| Net assets without donor restrictions | -$5,063,515 |
| 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 | $45,245,660 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Health System Inc Trenton, NJ | $1,004,952,628 | $942,087,433 |
Southcoast Hospitals Group Inc New Bedford, MA | $1,265,624,200 | $959,620,935 |
Physician Affiliate Group Of New York Pc New York, NY | $38,559,626 | $838,367,537 |
South Shore University Hospital Westbury, NY | $537,264,084 | $780,287,744 |
St Barnabas Hospital Bronx, NY | $509,709,936 | $489,229,934 |
Svmc Holdings Inc Bridgeport, CT | $272,750,174 | $429,886,007 |
Barnabas Health Medical Group P C Oceanport, NJ | $150,195,711 | $412,355,034 |
Richmond Medical Center Staten Island, NY | $435,447,032 | $376,664,767 |
Virtua Medical Group Pa Marlton, NJ | $139,534,325 | $238,443,738 |
Trinitas Regional Medical Center A New Jersey Nonprofit Corporation Elizabeth, NJ | $505,269,561 | $345,999,545 |
St Lukes Hospital Anderson Campus Allentown, PA | $273,325,539 | $361,430,735 |
St Joseph Regional Health Network Reading, PA | $174,700,776 | $307,422,246 |