Holy Cross Hospital Inc
- Assets
- $543.3m
- Revenue
- $526.0m
- Investments
- $40.8m
- Employees
- 3,612
- Location
- Fort Lauderdale, FL
- Founding
- 04/1998
- Data as of
- 06/2020
- EIN
- 59-0791028
Organization Overview
Holy Cross Hospital Inc, operating under the name See Schedule O For List, is located in Fort Lauderdale, FL. The organization was established in 1998. 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 06/2021, See Schedule O For List employed 3,612 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O For List 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 06/2020, See Schedule O For List generated $526.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $545.7m during the year ending 06/2020. While expenses have increased by 1.5% per year over the past 6 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.
Since 2015, See Schedule O For List has awarded 80 individual grants totaling $1,004,700. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE AND HOSPITAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLY CROSS HOSPITAL IS A 557-BED COMMUNITY HOSPITAL LOCATED IN FT. LAUDERDALE, FLORIDA, IN OPERATION SINCE 1955. THE HOSPITAL SPECIALIZES IN HEART BYPASS SURGERY, HIP AND KNEE REPLACEMENT, HEART FAILURE, AND CHRONIC OBSTRUCTIVE PULMONARY DISEASE. THE HOSPITAL IS ALSO WELL-REGARDED IN THE SPECIALTIES OF GERIATRICS, GYNECOLOGY, ORTHOPEDICS AND UROLOGY. IN FY21, THE HOSPITAL SERVED THE COMMUNITY BY PROVIDING OVER 70,000 DAYS OF INPATIENT CARE, AND OVER 550,000 OUTPATIENT VISITS. HOLY CROSS IS THE ONLY FAITH-BASED ACUTE CARE HOSPITAL IN BROWARD COUNTY.PLEASE VISIT SCHEDULE H AND THE WEBSITE FOR ADDITIONAL INFORMATION ABOUT SERVICES, RECOGNITIONS AND AWARDS: WWW.HOLY-CROSS.COM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Levy MD Physician | 50 | $1,668,400 | |
Ross Wodicka MD Physician | 50 | $1,531,443 | |
Vivek Patel MD Physician | 50 | $1,501,120 | |
Martin Roche MD Physician | 50 | $1,460,585 | |
Lav Goyal MD Physician | 50 | $1,344,215 | |
Eduardo Locatelli MD Interim Chief Med Officer Thru 2/21 | Officer | 50 | $594,470 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Umdc Community Health Delivery System Physician Services | 6/29/21 | $6,096,543 |
Sodexo Inc Management Services | 6/29/21 | $5,330,270 |
Lauderdale Critical Care Services Physician Services | 6/29/21 | $1,897,668 |
Horton Jones Electrical Contractors Inc Construction Services | 6/29/21 | $1,716,446 |
Abbott Labs At St Jude Medical Laboratory Services | 6/29/21 | $1,518,458 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,713,275 |
| Investment income | $1,579,030 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,518,880 |
| Net Gain/Loss on Asset Sales | $159,362 |
| Net Income from Fundraising Events | $7,051 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $526,024,246 |
| Statement of Expenses | |
|---|---|
| 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. | $4,175,269 |
| Compensation to disqualified persons | $2,795,205 |
| Other salaries and wages | $221,256,423 |
| Pension plan accruals and contributions | $5,980,202 |
| Other employee benefits | $22,272,517 |
| Payroll taxes | $13,592,986 |
| Fees for services: Management | $51,437 |
| Fees for services: Legal | $1,215,241 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $304,058 |
| Fees for services: Other | $41,553,304 |
| Advertising and promotion | $2,447,068 |
| Office expenses | $4,690,248 |
| Information technology | $17,049,677 |
| Royalties | $0 |
| Occupancy | $10,104,423 |
| Travel | $517,569 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $180,223 |
| Interest | $5,505,229 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,983,554 |
| Insurance | $12,346,284 |
| All other expenses | $0 |
| Total functional expenses | $545,689,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,932,749 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,509,302 |
| Accounts receivable, net | $95,844,254 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,540,972 |
| Prepaid expenses and deferred charges | $1,884,851 |
| Investments—publicly traded securities | $113,160,451 |
| Investments—other securities | $40,825,820 |
| Investments—program-related | $0 |
| Intangible assets | $100,000 |
| Other assets | $48,099,261 |
| Total assets | $543,322,336 |
| Accounts payable and accrued expenses | $100,820,214 |
| Grants payable | $0 |
| Deferred revenue | $10,185,267 |
| 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 | $12,017,269 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $246,155,554 |
| Total liabilities | $369,178,304 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $174,144,032 |
Grants Awarded
Over the last fiscal year, Holy Cross Hospital Inc has awarded $128,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Miami Lakes, FL PURPOSE: GENERAL SUPPORT | $35,000 |
Dallas, TX PURPOSE: GALA FUNDRAISING EVENT TO FURTHER AGENCY'S MISSION | $27,500 |
Fort Lauderdale, FL PURPOSE: AID SERVICE SECTOR OF FORT LAUDERDALE | $20,000 |
Arlington, VA PURPOSE: DINNER FUNDRAISING EVENT: DOLLARS RAISED SUPPORT WRAP AROUND SERVICES FOR CANCER VICTIMS | $17,500 |
Fort Lauderdale, FL PURPOSE: ANNUAL DINNER TO BENEFIT HOMELESS FAMILIES | $12,500 |
Ft Lauderdale, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Holy Cross Hospital Inc has recieved totaling $22,700.
| Awarding Organization | Amount |
|---|---|
Hull Family Foundation Fort Lauderdale, FL PURPOSE: TO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE | $22,500 |
Colovos Family Charitable Foundation Inc Chicago, IL PURPOSE: GENERAL | $200 |
Endowment Analysis
| Beg. Balance | $1,940,752 |
| Ending Balance | $1,940,752 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Community Hospital Inc Tampa, FL | $1,235,213,568 | $915,701,443 |
Morton Plant Hospital Association Inc Clearwater, FL | $1,389,589,934 | $934,836,650 |
Mount Sinai Medical Center Of Florida Inc Miami Beach, FL | $992,427,664 | $901,856,611 |
Shands Jacksonville Medical Center Inc Jacksonville, FL | $750,537,278 | $894,366,475 |
Lakeland Regional Medical Center Inc Lakeland, FL | $799,528,886 | $860,757,084 |
Tallahassee Memorial Healthcare Inc Tallahassee, FL | $1,130,180,703 | $783,859,263 |
Baptist Hospital Inc Pensacola, FL | $1,048,797,666 | $758,112,762 |
Medical Center Of Central Georgia Inc Macon, GA | $1,397,526,718 | $800,413,800 |
Holmes Regional Medical Center Rockledge, FL | $903,830,612 | $776,752,725 |
Phoebe Putney Memorial Hospital Inc Albany, GA | $729,879,818 | $712,342,689 |
Cobb Hospital Marietta, GA | $403,732,052 | $857,038,951 |
South Miami Hospital Inc Miami, FL | $413,367,432 | $763,720,505 |