Parkview Communty Hospital Medical
- Assets
- $39.4m
- Revenue
- $235.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Forest, CA
- Founding
- 04/1967
- Data as of
- 12/2021
- EIN
- 95-2477294
Organization Overview
Parkview Communty Hospital Medical is located in Lake Forest, CA. The organization was established in 1967. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parkview Communty Hospital Medical 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 12/2021, Parkview Communty Hospital Medical generated $235.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (61.0%) each year. All expenses for the organization totaled $5.1m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSES OF THIS CORPORATION ARE TO RECEIVE FUNDS OF REAL AND/OR PERSONAL PROPERTY AND TO USE AND APPLY THE WHOLE OR ANY PART OF THE INCOME THEREFROM AND THE PRINCIPAL THEREOF EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, OR EDUCATIONAL PURPOSES OR ACTIVITIES ASSOCIATED WITH THIS GOAL AS ALLOWED BY LAW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARKVIEW COMMUNITY HOSPITAL MEDICAL CENTER OPERATIONS WERE SOLD TO AHMC HEALTHCARE INC. ALL OPERATIONS HAVE CEASED AND THE ORGANIZATION IS IN THE PROCESS OF WINDING DOWN. AS THE ORGANIZATION WINDS DOWN, REMAINING ASSETS WILL BE DISTRIBUTED TO PARKVIEW LEGACY FOUNDATION AND OTHER 501(C)(3) PUBLIC CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David R Avina CPA CFO | Officer | 1 | $26,158 |
Patricia Reynolds Chair | OfficerTrustee | 2 | $0 |
Richard Ramirez Secretary | OfficerTrustee | 2 | $0 |
Charles S Mack Jr CEO | Officer | 15 | $0 |
Dwight Tate Director | Trustee | 2 | $0 |
John Demshki Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hershorin & Henry Llp Legal Services | 12/30/21 | $428,752 |
Jackson Lewis Pc Legal Services | 12/30/21 | $168,227 |
Ropes & Gray Llp Legal Services | 12/30/21 | $142,370 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $177,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,168 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,126 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500,000 |
| 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. | $26,158 |
| Compensation of current officers, directors, key employees. | $26,158 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $915,827 |
| Fees for services: Accounting | $88,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,487 |
| Fees for services: Other | $216,053 |
| Advertising and promotion | $0 |
| Office expenses | $4,146 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,151,600 |
| All other expenses | $0 |
| Total functional expenses | $5,125,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,505 |
| Savings and temporary cash investments | $4,906,436 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,000,000 |
| 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 | $23,676,805 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,653,606 |
| Total assets | $39,360,352 |
| Accounts payable and accrued expenses | $380,300 |
| 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 | $7,625,000 |
| Total liabilities | $8,005,300 |
| Net assets without donor restrictions | $31,355,052 |
| 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 | $39,360,352 |
Grants Awarded
Over the last fiscal year, Parkview Communty Hospital Medical has awarded $3,100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Riverside, CA PURPOSE: COMMUNITY BENEFIT. | $3,000,000 |
Riverside, CA PURPOSE: SUPPORT FOR THE STUDENTS, PROGRAMS, AND FACULTY OF THE RCCD COLLEGES. | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Parkview Communty Hospital Medical has recieved totaling $352,000.
| Awarding Organization | Amount |
|---|---|
Riverside Community Health Foundation Riverside, CA PURPOSE: INPATIENT | $352,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern Cochise Community Hospital Inc Willcox, AZ | $20,177,243 | $20,842,048 |
Sharp Healthcare Foundation San Diego, CA | $131,027,036 | $23,927,952 |
Molokai General Hospital Kaunakakai Molokai, HI | $24,900,485 | $18,403,265 |
South Lyon Health Center Inc Yerington, NV | $12,479,449 | $17,444,997 |
Santa Teresita Inc Duarte, CA | $33,884,030 | $11,712,554 |
San Fernando Community Hospital San Fernando, CA | $15,167,403 | $13,045,007 |
Soulistic Medical Institute Tubac, AZ | $5,065,904 | $11,589,434 |
Mercy Foundation Rancho Cordova, CA | $58,980,931 | $11,466,050 |
Feather River Hospital Roseville, CA | $102,819,341 | $4,238,478 |
Surprise Valley Health Care District Cedarville, CA | $5,751,575 | $9,137,773 |
Sihanouk Hosiptal Corporation San Diego, CA | $2,845,780 | $8,524,601 |
Westcare Illinois Inc Las Vegas, NV | $4,249,058 | $8,201,821 |