Grace Medical Center Inc
- Assets
- $106.7m
- Revenue
- $23.2m
- Investments
- $0.0
- Employees
- 509
- Location
- Baltimore, MD
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 52-0591555
Organization Overview
Grace Medical Center Inc, operating under the name BS Hospital Specialty Center New Hope BS Renal Dialysis Center, is located in Baltimore, MD. The organization was established in 1946. 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 06/2022, BS Hospital Specialty Center New Hope BS Renal Dialysis Center employed 509 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. BS Hospital Specialty Center New Hope BS Renal Dialysis Center 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 06/2022, BS Hospital Specialty Center New Hope BS Renal Dialysis Center generated $23.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.0%) each year. All expenses for the organization totaled $34.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (16.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, BS Hospital Specialty Center New Hope BS Renal Dialysis Center has awarded 28 individual grants totaling $409,350. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY COMPASSIONATE HEALTH CARE AND COMMUNITY-BASED SERVICES THAT SEEK TO IMPROVE THE HEALTH OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil Meltzer President/ceo Lbh | 0 | $0 | |
David Krajewski Ex Officio-Assistant Treasurer | Officer | 1 | $0 |
Jason Weiner Ex Officio-Assistant Secretary | Officer | 1 | $0 |
Daniel Blum President & COO Sinai & Grace | OfficerTrustee | 1 | $0 |
Matthew Poffenroth MD Vice President | Officer | 1 | $0 |
Rebecca Altman Vice President | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mep Health Llc Physician Services | 6/29/22 | $1,456,822 |
Universal Protection Security Services | 6/29/22 | $877,885 |
Crothall Healthcare Contract Cleaning | 6/29/22 | $1,209,166 |
Johnson Controls Inc Equip. Maintenance | 6/29/22 | $717,637 |
Morrison Management Food Services | 6/29/22 | $601,031 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $16,941 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $575,336 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $592,277 |
| Total Program Service Revenue | $21,402,433 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $79,489 |
| Net Gain/Loss on Asset Sales | -$337,361 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,241,096 |
| 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. | $1,028,023 |
| Compensation of current officers, directors, key employees. | $277,566 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,860,035 |
| Pension plan accruals and contributions | $207,335 |
| Other employee benefits | $1,649,005 |
| Payroll taxes | $1,227,510 |
| 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 | $6,189,391 |
| Advertising and promotion | $43,960 |
| Office expenses | $815,526 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,507,863 |
| Travel | $6,203 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,265 |
| Interest | $520,841 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,754,920 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $34,088,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,806,327 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,476,620 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $750 |
| Inventories for sale or use | $372,152 |
| Prepaid expenses and deferred charges | $67,360 |
| Net Land, buildings, and equipment | $55,175,103 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,843,571 |
| Total assets | $106,741,883 |
| Accounts payable and accrued expenses | $6,290,353 |
| Grants payable | $0 |
| Deferred revenue | $7,650,540 |
| 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 | $35,582,745 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,801,266 |
| Total liabilities | $90,324,904 |
| Net assets without donor restrictions | $15,989,346 |
| Net assets with donor restrictions | $427,633 |
| 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 | $106,741,883 |
Grants Awarded
Over the last fiscal year, Grace Medical Center Inc has awarded $42,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CRISTO REY CORP INTERNSHIP PROGRAM INC PURPOSE: GENERAL SUPPORT | $22,500 |
AMERICAN DIABETES ASSOCIATION PURPOSE: General Support | $5,000 |
UNITED WAY OF CENTRAL MARYLAND PURPOSE: GENERAL SUPPORT | $10,000 |
ARCHDIOCESE OF BALTIMORE PURPOSE: General Support | $5,000 |