Hospital For Extended Recovery
- Assets
- $10.7m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 99
- Location
- Norfolk, VA
- Founding
- 06/2003
- Data as of
- 05/2023
- EIN
- 52-1277417
Organization Overview
Hospital For Extended Recovery is located in Norfolk, VA. The organization was established in 2003. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 05/2023, Hospital For Extended Recovery employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hospital For Extended Recovery 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 05/2023, Hospital For Extended Recovery generated $10.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $11.2m during the year ending 05/2023. While expenses have increased by 2.3% per year over the past 8 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
THE HOSPITAL SPECIALIZES IN TREATING MEDICALLY COMPLEX PATIENTS THAT REQUIRE ACUTE HOSPITALIZATION FOR EXTENDED PERIODS OF TIME, AVERAGING FOUR WEEKS. THE PATIENTS TREATED INCLUDE, BUT ARE NOT LIMITED TO, POST SURGERY, RESPIRATORY AILMENTS, WOUND CARE, CANCER, CARDIAC PATIENTS AND VENTILATOR CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSPITAL FOR EXTENDED RECOVERY ("HER") WAS FORMED TO PROVIDE RESTORATIVE CARE TO ACUTELY ILL INDIVIDUALS WITH CONDITIONS INCLUDING, BUT NOT LIMITED TO, POST SURGERY, RESPIRATORY AILMENTS, WOUND CARE, CANCER AND CARDIAC PATIENTS AND THOSE DEPENDENT ON VENTILATOR CARE WHOSE CONDITION IS SO SIGNIFICANT THAT AN AVERAGE STAY OF FOUR WEEKS OR MORE IS EXPECTED. "HER" MEETS THE MEDICAL, THERAPEUTIC AND REHABILITATIVE NEEDS OF INDIVIDUALS USING AN INTERDISCIPLINARY TEAM APPROACH INCORPORATING MEDICAL MANAGEMENT AND THERAPIES IN AN EFFORT TO RESTORE INDIVIDUAL QUALITY OF LIFE TO AS HIGH A DEGREE OF NORMALCY AS POSSIBLE. TREATMENT IS STRUCTURED TO REDUCE PATIENT DEPENDENCY ON OTHERS AND TO PROMOTE SELF-HELP AND INDEPENDENCE. "HER" IS PART OF THE CONTINUUM OF CARE THAT BEGINS WITH ACUTE HOSPITAL CARE AND CONTINUES THROUGH VARIOUS VENUES. "HER" HAS 35 LICENSED BEDS AND PROVIDED 5,829 DAYS OF CARE DURING THE YEAR ENDED 5/31/23. BECAUSE "HER" IS A HOSPITAL WITHIN A HOSPITAL OUR PATIENTS BENEFIT FROM THE EXPERTISE AND TECHNOLOGY IN THE REGION'S FIRST MAGNET DESIGNATED HOSPITAL AND THE NATIONALLY RANKED HEART PROGRAM AT SENTARA NORFOLK GENERAL AND SENTARA HEART HOSPITALS. "HER" IS RATED HIGHER THAN THE NATIONAL AVERAGE IN QUALITY DATA FROM LTCH COMPARE; AND MORE "HER" PATIENTS SUCCESSFULLY RETURN TO HOME AND COMMUNITY. AS PART OF SENTARA HEALTHCARE, "HER" PARTICIPATES IN MANY OF THE SENTARA INITIATIVES TO IMPROVE PATIENT CARE. EXAMPLES ARE: REDUCING HOSPITAL ACQUIRED INFECTIONS BY USING COPPER INFUSED BEDDING AND CUPRON ENHANCED EOS SURFACES IN PATIENT ROOMS; IMPROVING PATIENT SAFETY THROUGH TECHNOLOGY BY USING A PROTECTED NETWORK LINKING PATIENT MEDICAL INFORMATION BETWEEN HOSPITALS, PHYSICIAN PRACTICES AND OTHER CARE SITES; AND USING BARCODE TECHNOLOGY TO REDUCE BEDSIDE MEDICATION ERRORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guy Friddell Chairman | OfficerTrustee | 1 | $0 |
Felicia Toreno PHD Secretary | OfficerTrustee | 1 | $0 |
Joseph Dorto Treasurer | OfficerTrustee | 1 | $0 |
Hugh Patterson Director | Trustee | 1 | $0 |
Dr Thomas H Scott Jr Director | Trustee | 1 | $0 |
Kathleen Hardesty Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sentara Healthcare Professional Services | 5/30/21 | $970,355 |
Morrisons Management Specialists Dietary Services | 5/30/21 | $179,096 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $393,161 |
| 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 | $393,161 |
| Total Program Service Revenue | $10,291,304 |
| Investment income | $91,505 |
| 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 | $10,775,970 |
| 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. | $193,998 |
| Compensation of current officers, directors, key employees. | $193,998 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,740,369 |
| Pension plan accruals and contributions | $533,949 |
| Other employee benefits | $717,959 |
| Payroll taxes | $435,100 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $51,480 |
| Fees for services: Lobbying | $1,261 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,436,126 |
| Advertising and promotion | $0 |
| Office expenses | $8,750 |
| Information technology | $82,177 |
| Royalties | $0 |
| Occupancy | $439,920 |
| Travel | $10,450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,972 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $212,454 |
| Insurance | $38,107 |
| All other expenses | $0 |
| Total functional expenses | $11,161,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,549,538 |
| Savings and temporary cash investments | $5,580,840 |
| Pledges and grants receivable | $388,511 |
| Accounts receivable, net | $2,362,916 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,668 |
| Prepaid expenses and deferred charges | $20,473 |
| Net Land, buildings, and equipment | $773,979 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,989 |
| Total assets | $10,732,914 |
| Accounts payable and accrued expenses | $1,324,719 |
| 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 | $2,126,312 |
| Total liabilities | $3,451,031 |
| Net assets without donor restrictions | $7,281,883 |
| 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 | $10,732,914 |