Homestead Hospital Inc is located in Homestead, FL. The organization was established in 1991. 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 09/2021, Homestead Hospital Inc employed 1,527 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homestead Hospital 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 09/2021, Homestead Hospital Inc generated $446.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $435.9m during the year ending 09/2021. While expenses have increased by 1.7% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE FORM 990 , PART III, LINE 1
Describe the Organization's Program Activity:
SEE SCHEDULE O
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Former CEO | 0 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
South Dade Medical Group Llp Physician Services | 9/29/21 | $5,507,515 |
Greater Miami Anesthesia Services Pa Physician Services | 9/29/21 | $4,634,469 |
Pediatric Emergency Network Pa Physician Services | 9/29/21 | $2,752,031 |
Kidz Medical Services Inc Physician Services | 9/29/21 | $1,512,639 |
Bio Medical Applications Of Florida Inc Physician Services | 9/29/21 | $1,638,267 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $372,329 |
Government grants | $16,344,498 |
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 | $16,716,827 |
Total Program Service Revenue | $428,185,045 |
Investment income | $100,518 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$45,327 |
Net Gain/Loss on Asset Sales | -$197,443 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $445,999,422 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $13,750 |
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. | $500,223 |
Compensation of current officers, directors, key employees. | $500,223 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $98,990,638 |
Pension plan accruals and contributions | $2,756,740 |
Other employee benefits | $11,529,907 |
Payroll taxes | $7,178,812 |
Fees for services: Management | $0 |
Fees for services: Legal | $706,164 |
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 | $44,498,495 |
Advertising and promotion | $3,160,566 |
Office expenses | $8,180,210 |
Information technology | $19,587,165 |
Royalties | $0 |
Occupancy | $4,580,364 |
Travel | $12,188 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,563 |
Interest | $3,923,184 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,057,960 |
Insurance | $8,370,888 |
All other expenses | $14,097,802 |
Total functional expenses | $435,900,958 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,460 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $32,547,805 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $1,854,622 |
Prepaid expenses and deferred charges | $447,051 |
Net Land, buildings, and equipment | $37,155,857 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $57,822,794 |
Total assets | $129,832,589 |
Accounts payable and accrued expenses | $28,712,026 |
Grants payable | $0 |
Deferred revenue | $9,402,488 |
Tax-exempt bond liabilities | $106,623,435 |
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 | $490,236,451 |
Total liabilities | $634,974,400 |
Net assets without donor restrictions | -$511,145,431 |
Net assets with donor restrictions | $6,003,620 |
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 | $129,832,589 |
Over the last fiscal year, we have identified 1 grants that Homestead Hospital Inc has recieved totaling $223,350.
Awarding Organization | Amount |
---|---|
Baptist Health South Florida Foundation Inc Coral Gables, FL PURPOSE: OPERATIONS | $223,350 |
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 |