Montefiore New Rochelle Hospital is located in New Rochelle, NY. The organization was established in 2014. 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 12/2023, Montefiore New Rochelle Hospital employed 1,190 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montefiore New Rochelle 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 12/2023, Montefiore New Rochelle Hospital generated $167.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $208.5m during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 9 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
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
PATIENT CARE THE SKILLED AND CARING STAFF AT MONTEFIORE NEW ROCHELLE HOSPITAL ARE DEDICATED TO SERVING THE DIVERSE MEDICAL NEEDS OF RESIDENTS IN SOUTHERN WESTCHESTER. OUR COMMUNITY-BASED HOSPITAL IS COMMITTED TO PROVIDING EXCEPTIONAL CARE AND FOCUSED ON PROVIDING THE BEST POSSIBLE OUTCOME FOR EACH PATIENT. TO ADVANCE THE QUALITY OF CARE IN THE COMMUNITY, WE HAVE INVESTED IN THE LATEST TECHNOLOGY, GROWN WITH LOCAL NEEDS AND ENSURED THAT WE ARE WELL EQUIPPED TO FOSTER BETTER HEALTH FOR YEARS TO COME. OUR DEDICATED PHYSICIANS, NURSES AND CAREGIVERS WORK WHERE THEY LIVE. WE ARE NEIGHBORS CARING FOR NEIGHBORS, AND ARE GRATEFUL FOR THE OPPORTUNITY TO IMPROVE HEALTH IN THE COMMUNITY. MONTEFIORE NEW ROCHELLE OFFERS A NUMBER OF LEADING-EDGE SERVICES AND PROGRAMS THAT HAVE EARNED DISTINCTION BY STATE AND NATIONAL ORGANIZATIONS FOR ACHIEVING AND MAINTAINING THE HIGHEST QUALITY OF CARE WITHIN THE SPECIALTY, INCLUDING: COMPREHENSIVE BARIATRIC SURGERY PROGRAM ACCREDITED BY MBSAQIP, THE METABOLIC AND BARIATRIC SURGERY ACCREDITATION AND QUALITY IMPROVEMENT PROGRAM, RECIPIENT OF THE GOLD SEAL OF APPROVAL FROM THE JOINT COMMISSION AS A CERTIFIED CENTER IN BOTH HIP AND KNEE JOINT REPLACEMENT, A NEW YORK STATE-DESIGNATED STROKE CENTER AND THE RECIPIENT OF HEALTHGRADES PATIENT SAFETY EXCELLENCE AWARD. NOW THE HUB OF A MEDICAL VILLAGE, MONTEFIORE NEW ROCHELLE HOSPITAL HAS EVOLVED TREMENDOUSLY OVER RECENT YEARS. WE HAVE MADE SIGNIFICANT INVESTMENTS IN EQUIPMENT AND INFRASTRUCTURE, INCLUDING THE ADDITION OF A 64-SLICE COMPUTED TOMOGRAPHY (CT) SCANNER AND FULLY-REVITALIZED STATE-OF-THE-ART EMERGENCY ROOM SERVICES WITH THREE DEDICATED AND SEPARATED SERVICE AREAS: PEDIATRICS, ADULT CARE, AND SUBSTANCE ABUSE AND BEHAVIORAL HEALTH. OUR EMERGENCY DEPARTMENT (ED) IS OPEN AND STAFFED 24 HOURS A DAY, SEVEN DAYS A WEEK FOR ALL EMERGENT MEDICAL ISSUES. WE HAVE AN EXPERIENCED STAFF OF EMERGENCY MEDICINE BOARD-CERTIFIED PHYSICIANS, PHYSICIAN ASSISTANTS AND REGISTERED NURSES DEDICATED TO PROVIDING TIMELY AND HIGH-QUALITY EMERGENCY SERVICES TO OUR DIVERSE PATIENT POPULATION. MONTEFIORE NEW ROCHELLE HOSPITAL IS AN AFFILIATE OF THE MONTEFIORE HEALTH SYSTEM, INC. THE HEALTH SYSTEM IS A LEADER IN COMMUNITY AND POPULATION HEALTH AND HAS A LONG HISTORY OF DEVELOPING INNOVATIVE APPROACHES TO CARE AND TAILORING PROGRAMS TO BEST SERVE THE CHANGING NEEDS OF ITS COMMUNITIES.
MEDICAL AND NURSING EDUCATION THE DEPARTMENT OF MEDICINE AT NEW ROCHELLE HOSPITAL OFFERS TRAINING PROGRAMS FOR RESIDENTS AND STUDENTS THAT REFLECTS A DEEP INSTITUTIONAL AND DEPARTMENTAL COMMITMENT TO MEDICAL EDUCATION IN A SUPPORTIVE COMMUNITY-BASED ENVIRONMENT THAT PROVIDES A FULL SPECTRUM OF CARE TO A DIVERSE PATIENT POPULATION. MONTEFIORE IS THE UNIVERSITY HOSPITAL FOR ALBERT EINSTEIN COLLEGE OF MEDICINE, ONE OF THE NATION'S PREMIER INSTITUTIONS FOR MEDICAL EDUCATION, BASIC RESEARCH AND CLINICAL INVESTIGATIONS. THIS STRONG ALIGNMENT ENABLES MONTEFIORE TO ADVANCE CLINICAL AND TRANSLATIONAL RESEARCH RESULTS MORE RAPIDLY TO THE BEDSIDE AND THE MEDICAL COMMUNITY, AND EDUCATE THE NEXT GENERATION OF PHYSICIANS, HEALTHCARE LEADERS AND INVESTIGATORS. MONTEFIORE SCHOOL OF NURSING IS ON THE FOREFRONT OF NURSING EDUCATION. OUR VISION IS EXCELLENCE IN NURSING EDUCATION. LOCATED IN MOUNT VERNON, NEW YORK, THE SCHOOL IS A PRIVATE TWO-YEAR PROGRAM LEADING TO AN ASSOCIATE IN SCIENCE DEGREE. OUR NURSING PROGRAM PROVIDES THE FOUNDATION FOR OUR NURSING STUDENTS COMMITTED TO EXCELLENCE TO PREPARE TO EMBARK ON A CAREER THAT PROVIDES MANY PROFESSIONAL CHALLENGES WHILE LAYING THE FOUNDATION FOR FURTHER EDUCATION AND ADVANCEMENT. THOUGH A STRONG THEORETICAL AND CLINICALLY BASED PROGRAM, OUR NURSING GRADUATES RECEIVE THE SKILLS AND CONFIDENCE TO PROVIDE THE COMMUNITY WITH COMPETENT, QUALITY NURSING CARE. LEARNING IN A HOSPITAL ENVIRONMENT PREPARES OUR STUDENTS TO WORK IN A VARIETY OF CLINICAL SETTINGS SECURING EMPLOYMENT IN HOSPITALS, HOME HEALTHCARE, EDUCATION, LONG-TERM CARE, PUBLIC HEALTH ADMINISTRATION, FORENSIC NURSING, OCCUPATIONAL HEALTH AND RESEARCH.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Secretary | OfficerTrustee | 0.4 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 0.4 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 0.3 | $0 |
Name Not Listed Chairman | OfficerTrustee | 0.5 | $0 |
Name Not Listed President & CEO | OfficerTrustee | 5 | $0 |
Name Not Listed Trustee | Trustee | 0.2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
New Direction Solutions Llc Temporary Staffing | 12/30/23 | $3,347,597 |
Fastaff Llc Temporary Nurses | 12/30/23 | $2,203,283 |
Securitas Security Services Usa Inc Security Services | 12/30/23 | $2,175,389 |
Medical Solutions Llc Temporary Nurses | 12/30/23 | $2,026,531 |
G Energy Solution And Services Inc Contracting Services | 12/30/23 | $1,736,782 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $4,028,743 |
All other contributions, gifts, grants, and similar amounts not included above | $135,255 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,163,998 |
Total Program Service Revenue | $162,271,443 |
Investment income | $620,415 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$56,944 |
Net Gain/Loss on Asset Sales | $93,324 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $167,940,214 |
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 | $88,286,988 |
Pension plan accruals and contributions | $5,958,958 |
Other employee benefits | $16,080,510 |
Payroll taxes | $6,281,721 |
Fees for services: Management | $0 |
Fees for services: Legal | $64,162 |
Fees for services: Accounting | $66,093 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $19,082,453 |
Advertising and promotion | -$94,740 |
Office expenses | $10,779,135 |
Information technology | $4,246,248 |
Royalties | $0 |
Occupancy | $9,565,797 |
Travel | $47,367 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $116,516 |
Interest | $1,616,727 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $7,318,281 |
Insurance | $7,365,404 |
All other expenses | $1,586,581 |
Total functional expenses | $208,536,352 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $16,035 |
Savings and temporary cash investments | $1,454,776 |
Pledges and grants receivable | $993,128 |
Accounts receivable, net | $7,300,971 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $115,054 |
Inventories for sale or use | $1,533,254 |
Prepaid expenses and deferred charges | $1,131,561 |
Net Land, buildings, and equipment | $65,861,879 |
Investments—publicly traded securities | $21,140,000 |
Investments—other securities | $152,512 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $20,668,050 |
Total assets | $120,367,220 |
Accounts payable and accrued expenses | $44,678,780 |
Grants payable | $0 |
Deferred revenue | $3,634 |
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 | $147,578,023 |
Total liabilities | $192,260,437 |
Net assets without donor restrictions | -$88,456,018 |
Net assets with donor restrictions | $16,562,801 |
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 | $120,367,220 |
Over the last fiscal year, Montefiore New Rochelle Hospital has awarded $37,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
UNITED HEBREW GERIATRIC CENTER PURPOSE: SPONSORSHIP | $12,000 |
CITY OF NEW ROCHELLE-HOPE COMMUNITY SERVICES PURPOSE: Support | $25,000 |