Physician Affiliate Group Of New York Pc
- Assets
- $38.6m
- Revenue
- $838.4m
- Investments
- $0.0
- Employees
- 3,890
- Location
- New York, NY
- Founding
- 12/2013
- Data as of
- 06/2021
- EIN
- 90-0603487
Organization Overview
Physician Affiliate Group Of New York Pc is located in New York, NY. The organization was established in 2013. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Physician Affiliate Group Of New York Pc employed 3,890 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Physician Affiliate Group Of New York Pc 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 06/2021, Physician Affiliate Group Of New York Pc generated $838.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $843.7m during the year ending 06/2021. While expenses have increased by 5.4% 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 2018, Physician Affiliate Group Of New York Pc has awarded 11 individual grants totaling $3,045,000. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OFFER RESPONSIVE AND QUALITY HEALTHCARE TO THE NEW YORK COMMUNITY WHILE FULFILLING THE EDUCATIONAL AND ENTREPRENEURIAL NEEDS OF OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED PROFESSIONAL SERVICES TO THE METROPOLITAN NEW YORK CITY AREA UNDER AFFILIATION AGREEMENTS WITH NYC HEALTH + HOSPITALS, FORMERLY THE NEW YORK CITY HEALTH AND HOSPITAL CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Milan Sen Attending Physcian | 51.63 | $906,654 | |
Ramnath Kapoor Attending Physcian | 88.21 | $755,699 | |
Sherry Melton Attending Physcian | 84.39 | $737,212 | |
Baby T Paily Attending Physcian | 86.33 | $730,086 | |
Vladimir Pevzner Attending Physcian | 89.49 | $715,370 | |
Luis R Marcos MD CEO (thru 3/31/2021) | Officer | 44.62 | $668,537 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
City Orthopaedic Pllc Physicians Services | 6/29/21 | $4,637,491 |
Medpath Temporary Staffing Services Medical Services | 6/29/21 | $8,342,798 |
Medicus Psychiatry Services Llc Physicians Services | 6/29/21 | $4,078,599 |
University Physicians Of Brook Physicians Services | 6/29/21 | $3,799,876 |
Generations Neurosurgery Pc Physicians Services | 6/29/21 | $2,923,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $273,379 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,379 |
| Total Program Service Revenue | $837,947,404 |
| Investment income | $48,718 |
| 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 | $838,367,537 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,606 |
| 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. | $12,268,328 |
| Compensation of current officers, directors, key employees. | $2,242,459 |
| Compensation to disqualified persons | $586,865 |
| Other salaries and wages | $589,759,994 |
| Pension plan accruals and contributions | $31,293,150 |
| Other employee benefits | $93,620,765 |
| Payroll taxes | $33,610,064 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $426,558 |
| Fees for services: Accounting | $256,394 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,727,207 |
| Advertising and promotion | $90,477 |
| Office expenses | $354,412 |
| Information technology | $533,931 |
| Royalties | $0 |
| Occupancy | $952,501 |
| Travel | $43,907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $223,278 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $243,793 |
| All other expenses | $0 |
| Total functional expenses | $843,724,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $38,559,626 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,559,626 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $38,559,626 |
| 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 | $38,559,626 |
Grants Awarded
Over the last fiscal year, Physician Affiliate Group Of New York Pc has awarded $1,820,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: SEE PART IV | $900,000 |
New York, NY PURPOSE: SEE PART IV | $900,000 |
New York, NY PURPOSE: SEE PART IV | $10,000 |
New York, NY PURPOSE: SEE PART IV | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Physician Affiliate Group Of New York Pc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: MATCHING GIFTS | $10,000 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: MATCHING GIFTS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Health System Inc Trenton, NJ | $1,004,952,628 | $942,087,433 |
Southcoast Hospitals Group Inc New Bedford, MA | $1,265,624,200 | $959,620,935 |
Physician Affiliate Group Of New York Pc New York, NY | $38,559,626 | $838,367,537 |
South Shore University Hospital Westbury, NY | $537,264,084 | $780,287,744 |
St Barnabas Hospital Bronx, NY | $509,709,936 | $489,229,934 |
Svmc Holdings Inc Bridgeport, CT | $272,750,174 | $429,886,007 |
Barnabas Health Medical Group P C Oceanport, NJ | $150,195,711 | $412,355,034 |
Richmond Medical Center Staten Island, NY | $435,447,032 | $376,664,767 |
Virtua Medical Group Pa Marlton, NJ | $139,534,325 | $238,443,738 |
Trinitas Regional Medical Center A New Jersey Nonprofit Corporation Elizabeth, NJ | $505,269,561 | $345,999,545 |
St Lukes Hospital Anderson Campus Allentown, PA | $273,325,539 | $361,430,735 |
St Joseph Regional Health Network Reading, PA | $174,700,776 | $307,422,246 |