Homestead Hospital Inc
- Assets
- $129.8m
- Revenue
- $446.0m
- Investments
- $0.0
- Employees
- 1,527
- Location
- Homestead, FL
- Founding
- 05/1991
- Data as of
- 09/2021
- EIN
- 65-0232993
Organization Overview
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former CEO | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pediatric Emergency Network Pa Physician Services | 9/29/21 | $2,752,031 |
Kidz Medical Services Inc Physician Services | 9/29/21 | $1,512,639 |
South Dade Medical Group Llp Physician Services | 9/29/21 | $5,507,515 |
Bio Medical Applications Of Florida Inc Physician Services | 9/29/21 | $1,638,267 |
Greater Miami Anesthesia Services Pa Physician Services | 9/29/21 | $4,634,469 |
Financial Statements
| 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 |
Grants Recieved
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 |
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 |