Montgomery Hospice Inc
- Assets
- $47.0m
- Revenue
- $34.8m
- Investments
- $0.0
- Employees
- 345
- Location
- Rockville, MD
- Founding
- 01/1980
- Data as of
- 12/2021
- EIN
- 52-1114719
Organization Overview
Montgomery Hospice Inc is located in Rockville, MD. The organization was established in 1980. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 12/2021, Montgomery Hospice Inc employed 345 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery Hospice 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 12/2021, Montgomery Hospice Inc generated $34.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $28.3m during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 7 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
TO GENTLE THE JOURNEY THROUGH SERIOUS ILLNESS AND LOSS WITH SKILL AND COMPASSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSPICE CARE: THE ORGANIZATION PROVIDES SPECIALIZED MEDICAL AND PSYCHOSOCIAL END-OF-LIFE CARE TO MONTGOMERY AND PRINCE GEORGE'S COUNTY, MARYLAND RESIDENTS OF ALL AGES WHO ARE LIVING WITH A LIFE LIMITING ILLNESS. PATIENTS (AND THEIR FAMILIES) ARE CARED FOR IN HOMES, EXTENDED CARE FACILITIES AND AT CASEY HOUSE, ITS INPATIENT HOSPICE FACILITY. TEAMS OF DOCTORS, NURSE PRACTITIONERS, NURSES, SPIRITUAL COUNSELORS, SOCIAL WORKERS, CERTIFIED NURSING ASSISTANTS, COMPLEMENTARY THERAPISTS, BEREAVEMENT COUNSELORS AND VOLUNTEERS WORK TOGETHER TO PROVIDE COMFORT CARE CUSTOMIZED FOR EACH PATIENT. MONTGOMERY HOSPICE INC. PROVIDES CONSULTATIVE PALLIATIVE CARE (PALLIATIVE MEDICINE CONSULTUNTS) PROVIDED BY DOCTORS, NURSE PRACTITIONORS, SOCIAL WORKERS AND SPRITUAL COUNSELORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Mitchell President & CEO | OfficerTrustee | 40 | $268,388 |
David Schrier Chief Medical Officer | Officer | 40 | $255,486 |
Ann Lichtenstein Associate Medical Officer | 40 | $223,098 | |
Lissa Berroa Garcia Physician | 32 | $201,184 | |
Jennifer Plude Cheif Clinical Officer | 40 | $177,526 | |
Marlene Bradford VP Philanthropy | 40 | $167,904 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hospice Pharmacy Solutions Pharmacy | 12/30/21 | $764,139 |
Joerns Healthcare Medical Equipments | 12/30/21 | $642,443 |
Medline Industries Medical Supplies | 12/30/21 | $517,876 |
Wellsky Inc Billing Software | 12/30/21 | $193,604 |
Integrated Cellular & Molecular Diagnost Anatomic And Clinical Pathology Laborato | 12/30/21 | $154,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,290,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,430,022 |
| Noncash contributions included in lines 1a–1f | $1,019,117 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,720,722 |
| Total Program Service Revenue | $20,415,350 |
| Investment income | $693,684 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $936,185 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,846,951 |
| 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. | $715,625 |
| Compensation of current officers, directors, key employees. | $65,289 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,180,112 |
| Pension plan accruals and contributions | $188,672 |
| Other employee benefits | $1,786,165 |
| Payroll taxes | $1,298,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $206,557 |
| Fees for services: Accounting | $55,814 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $112,881 |
| Fees for services: Other | $869,980 |
| Advertising and promotion | $68,319 |
| Office expenses | $446,267 |
| Information technology | $631,231 |
| Royalties | $0 |
| Occupancy | $478,828 |
| Travel | $0 |
| 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 | $238,576 |
| Insurance | $96,511 |
| All other expenses | $114,853 |
| Total functional expenses | $28,258,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,176,532 |
| Savings and temporary cash investments | $5,326,807 |
| Pledges and grants receivable | $3,421,614 |
| Accounts receivable, net | $5,778,217 |
| 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 | $134,517 |
| Net Land, buildings, and equipment | $3,239,823 |
| Investments—publicly traded securities | $25,572,810 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $352,220 |
| Total assets | $47,002,540 |
| Accounts payable and accrued expenses | $2,892,338 |
| Grants payable | $0 |
| Deferred revenue | $634,806 |
| 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 | $284,253 |
| Total liabilities | $3,811,397 |
| Net assets without donor restrictions | $33,865,515 |
| Net assets with donor restrictions | $9,325,628 |
| 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 | $47,002,540 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Montgomery Hospice Inc has recieved totaling $5,900.
| Awarding Organization | Amount |
|---|---|
Miller & Chevalier Charitable Foundation Washington, DC PURPOSE: HEALTH & WELFARE | $3,400 |
R Edwin And Winsome S Brown Foundation Barnesville, MD PURPOSE: GENERAL | $2,000 |
Robert J & Frances V Lawrence Foundation Inc Frederick, MD PURPOSE: CONTRIBUTION | $500 |
Endowment Analysis
| Beg. Balance | $18,113,610 |
| Earnings | $2,201,406 |
| Net Contributions | $5,398,000 |
| Other Expense | $629,242 |
| Ending Balance | $25,083,774 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Hospice Falls Church, VA | $46,704,036 | $109,557,504 |
Gilchrist Hospice Care Inc Hunt Valley, MD | $253,059,134 | $92,090,407 |
Hospice & Community Care Lancaster, PA | $68,034,775 | $44,243,514 |
Hospice Of The Chesapeake Pasadena, MD | $32,379,002 | $43,457,611 |
Wissahickon Hospice Of Uphs Bala Cynwyd, PA | $7,765,486 | $33,958,744 |
Visiting Nurse Association Of Saint Lukes-Home Health-Hospice Inc Allentown, PA | $23,513,920 | $38,716,311 |
Montgomery Hospice Inc Rockville, MD | $47,002,540 | $34,846,951 |
Delaware Hospice Inc Newark, DE | $51,693,822 | $31,723,303 |
Kanawha Hospice Care Inc Charleston, WV | $25,711,521 | $31,083,749 |
Hospice Of The Piedmont Inc Charlottesville, VA | $26,519,312 | $25,324,976 |
Blue Ridge Hospice Inc Winchester, VA | $12,389,536 | $22,906,674 |
Coastal Hospice Inc Salisbury, MD | $16,507,297 | $18,108,346 |