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Nonprofiteer
← UNITED HOSPITAL FUND OF NEW YORK

Form 990 for tax year 2024

Filed by UNITED HOSPITAL FUND OF NEW YORK.

Totals

Total revenue
$7,502,116
Total expenses
$10,647,241
Contributions and grants received
$2,152,185
Grants paid
$240,000
Program service revenue
$891,398
Investment income
$4,618,418
Other revenue
-$159,885
Total assets, end of year
$115,712,591
Total liabilities, end of year
$4,165,349
Net assets or fund balances, end of year
$111,547,242
Program services expenses (Part IX)
$6,471,439
Management and general expenses
$3,391,841
Fundraising expenses
$783,961
Program service expenses (Part III)
$6,471,439

Program services were 60.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,258,965

  • 1f · All other contributions, gifts and grants

    $893,220

  • 2a · Program service revenue: EXCHANGE REVENUE

    total $891,398 · related or exempt $891,398

  • 3 · Investment income

    total $442,034 · unrelated business $191,127 · excluded $250,907

  • 7a · Gross sales of assets other than inventory

    securities $28,026,837

  • 7b · Less cost or other basis and sales expenses

    securities $23,850,453

  • 7c · Gain or loss

    securities $4,176,384

  • 7d · Net gain or loss

    total $4,176,384 · excluded $4,176,384

  • 8a · Fundraising events: gross income

    $139,700

  • 8a · Fundraising events: contributions included on line 1c

    $1,258,965

  • 8b · Fundraising events: direct expenses

    $403,217

  • 8c · Net income from fundraising events

    total -$263,517 · excluded -$263,517

  • 11a · Other revenue: MEDICAID CONFERENCE

    total $89,600 · excluded $89,600

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $14,032 · excluded $14,032

  • 11e · Other revenue, total

    $103,632

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $240,000 · program services $240,000

  • 5 · Compensation of officers, directors and key employees

    total $1,648,671 · program services $981,192 · management and general $530,325 · fundraising $137,154

  • 6 · Compensation of disqualified persons

    total $178,500 · program services $178,500

  • 7 · Other salaries and wages

    total $3,460,144 · program services $2,079,644 · management and general $1,089,120 · fundraising $291,380

  • 8 · Pension plan contributions

    total $298,825 · program services $144,644 · management and general $128,587 · fundraising $25,594

  • 9 · Other employee benefits

    total $612,373 · program services $289,639 · management and general $290,418 · fundraising $32,316

  • 10 · Payroll taxes

    total $332,286 · program services $193,216 · management and general $113,033 · fundraising $26,037

  • 11b · Fees: legal

    total $8,402 · management and general $8,402

  • 11c · Fees: accounting

    total $95,000 · management and general $95,000

  • 11d · Fees: lobbying

    total $95,500 · program services $95,500

  • 11f · Fees: investment management

    total $70,191 · management and general $70,191

  • 11g · Fees: other

    total $660,696 · program services $439,403 · management and general $221,293

  • 13 · Office expenses

    total $151,692 · program services $77,733 · management and general $56,788 · fundraising $17,171

  • 14 · Information technology

    total $199,372 · program services $120,709 · management and general $41,323 · fundraising $37,340

  • 16 · Occupancy

    total $1,177,596 · program services $683,193 · management and general $387,686 · fundraising $106,717

  • 17 · Travel

    total $3,575 · program services $2,346 · management and general $1,229

  • 19 · Conferences, conventions and meetings

    total $242,539 · program services $207,060 · management and general $11,240 · fundraising $24,239

  • 22 · Depreciation, depletion and amortization

    total $241,664 · program services $139,150 · management and general $80,547 · fundraising $21,967

  • 23 · Insurance

    total $118,657 · program services $61,262 · management and general $47,724 · fundraising $9,671

  • 24a · Other expenses: OTHER PROGRAM EXP.

    total $369,332 · program services $369,332 · management and general $0 · fundraising $0

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $172,231 · program services $15,792 · management and general $153,782 · fundraising $2,657

  • 24c · Other expenses: PRINTING & PUBLICATIONS

    total $148,326 · program services $101,775 · management and general $0 · fundraising $46,551

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $114,091 · program services $51,349 · management and general $57,575 · fundraising $5,167

  • 24e · All other expenses

    total $7,578 · management and general $7,578

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,125,641 · end of year $597,127

  • 2 · Savings and temporary cash investments

    beginning of year $349,180 · end of year $623,602

  • 3 · Pledges and grants receivable

    beginning of year $337,553 · end of year $176,254

  • 5 · Loans and receivables from officers and key people

    beginning of year $140,663 · end of year $144,714

  • 9 · Prepaid expenses and deferred charges

    beginning of year $290,938 · end of year $542,989

  • 10a · Land, buildings and equipment: cost or other basis

    $3,923,796

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,431,830

  • 10c · Land, buildings and equipment, net

    beginning of year $614,800 · end of year $491,966

  • 11 · Investments: publicly traded securities

    beginning of year $1,076,037 · end of year $7,090,003

  • 12 · Investments: other securities

    beginning of year $102,225,686 · end of year $99,257,206

  • 15 · Other assets

    beginning of year $7,456,517 · end of year $6,788,730

  • 17 · Accounts payable and accrued expenses

    beginning of year $910,041 · end of year $1,560,612

  • 18 · Grants payable

    beginning of year $570,000 · end of year $245,000

  • 25 · Other liabilities

    beginning of year $3,728,506 · end of year $2,359,737

  • 27 · Net assets without donor restrictions

    beginning of year $83,409,845 · end of year $85,583,384

  • 28 · Net assets with donor restrictions

    beginning of year $24,998,623 · end of year $25,963,858

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

WORKING TO BUILD AN EFFECTIVE AND EQUITABLE HEALTH CARE SYSTEM FOR EVERY NEW YORKER. (SEE SCH. O)

  • SEE SCHEDULE O

    Expenses $1,246,443 · Revenue $891,398

  • SEE SCHEDULE O

    Expenses $1,069,006

  • SEE SCHEDULE O

    Expenses $682,225

  • UHF AWARDED $240,000 IN GRANTS IN FY25 TO SUPPORT ONGOING PROGRAMS TO ADDRESS POLYPHARMACY IN NURSING HOMES, TO SUPPORT CLINICAL QUALITY IMPROVEMENT TRAINING, AND TO SUPPORT RESEARCH ON INDIVIDUAL EXPERIENCE AND OUTCOMES FOR MAINTAINING COVERAGE DURING THE UNWIND OF THE CONTINUOUS COVERAGE REQUIREMENT PROCESS. UHF HOSTED THE 2024 MEDICAID CONFERENCE, WHICH BROUGHT TOGETHER OVER 850 POLICYMAKERS, PROVIDERS, INSURERS, COMMUNITY ORGANIZATIONS, AND POLICY EXPERTS STATEWIDE TO SHARE AND DISCUSS IMPORTANT ISSUES IN NEW YORK'S MEDICAID PROGRAM. THE CONFERENCE, SHAPING THE FUTURE OF CARE INTEGRATION" FEATURED A KEYNOTE BY AMIR BASSIRI, THE STATE'S MEDICAID DIRECTOR. OTHER SESSIONS INCLUDED PANELS ON COORDINATING PERINATAL CARE, INTEGRATION TO PROVIDE WHOLE-PERSON CARE, AND THE FUTURE OF INTEGRATING SOCIAL NEEDS INTO MEDICAID.OTHER PROGRAM EXPENSES INCLUDED GENERAL OPERATING EXPENSES NOT ALLOCATED ACROSS PROGRAMS AND TWO NEW PROJECTS. THE HEALTH EQUITY FELLOWSHIP LAUNCHED IN FY25 WITH THE SELECTION OF 8 FELLOWS WHO EMBARKED ON THE START OF AN 18-MONTH EXPERIENTIAL LEARNING OPPORTUNITY BLENDING COLLABORATIVE LEADERSHIP DEVELOPMENT, POLICY, AND SYSTEMS CHANGE THINKING. FELLOWS PARTNER WITH A COMMUNITY-BASED ORGANIZATION (CBO) AND COLLABORATE ON A PROJECT TO ADDRESS A SPECIFIC HEALTH EQUITY NEED WITHIN THEIR SERVED COMMUNITY. THE NEW YORK STATE 1115 WAIVER PROJECT BUILDS ON UHF'S HISTORIC MEDICAID INSTITUTE WORK WITH A NEW FOCUS ON INTEGRATING PHYSICAL, BEHAVIORAL, AND SOCIAL CARE TO IMPROVE POPULATION HEALTH. OTHER PROGRAM EXPENSE DESCRIPTION EXPENSES REVENUEPUBLICATIONS AND INFO. SERVICES $1,380,286 $0HEALTH EQUITY FELLOWSHIP $1,093,254 $0PROGRAM GENERAL $475,474 $0GRANTS AND CONFERENCES $277,554 $0NYS WAIVER-HEALTH EQUITY REFORM $240,205 $0LIBRARY $6,992 $0

    Expenses $3,473,765 · Grants $240,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • OXIRIS BARBOT MD

    PRESIDENT

    Total calculated
    $575,004
    From this org
    $541,404
    From related orgs
    $0
    Other
    $33,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $541,404
    Bonus
    $0
    Other
    $0
    Deferred
    $16,850
    Nontaxable benefits
    $16,750
    Filer's total
    $575,004

  • JOHN C SIMONS

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • J BARCLAY COLLINS II

    CHAIRMAN EMERITUS

    Total calculated
    $0
    Hours/week
    2

  • JO IVEY BOUFFORD MD

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • AMAL ALIBAIR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANNA FAGIN

    DIRECTOR (AS OF 06/2024)

    Total calculated
    $0
    Hours/week
    2

  • ANTHONY SHORRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CARLOS PARDO MARTIN MD

    DIRECTOR (AS OF 06/2024)

    Total calculated
    $0
    Hours/week
    2

  • CARY A KRAVET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHRISTOPHER DURAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DALE C CHRISTENSEN JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAVID ERICKSON PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • EILEEN M SULLIVAN-MARX PHDRN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • HOWARD P MILSTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOSH N KURILOFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KISHOR MALAVADE MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARGARET CROTTY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARY BETH C TULLY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MELANIE GRACE WEST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • NEERA CHAUDHARY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ROBERT C OSBORNE JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SAMUEL J DANIEL MDFACPFACG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SUSANA R MORALES MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM WEEKS

    DIRECTOR (AS OF 06/2024)

    Total calculated
    $0
    Hours/week
    2

  • SALLY ROGERS

    SENIOR VICE PRESIDENT

    Total calculated
    $363,289
    From this org
    $320,267
    From related orgs
    $0
    Other
    $43,022
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $316,216
    Bonus
    $0
    Other
    $4,051
    Deferred
    $23,000
    Nontaxable benefits
    $20,022
    Filer's total
    $363,289

  • CHAD SHEARER

    SENIOR VICE PRESIDENT

    Total calculated
    $336,191
    From this org
    $296,846
    From related orgs
    $0
    Other
    $39,345
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $296,846
    Bonus
    $0
    Other
    $0
    Deferred
    $22,895
    Nontaxable benefits
    $16,450
    Filer's total
    $336,191

  • QUINCY MCLAIN

    VICE PRESIDENT & CFO

    Total calculated
    $305,682
    From this org
    $243,760
    From related orgs
    $0
    Other
    $61,922
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $243,760
    Bonus
    $0
    Other
    $0
    Deferred
    $14,050
    Nontaxable benefits
    $47,872
    Filer's total
    $305,682

  • AMANDA WILLIAMS

    CORPORATE SECRETARY

    Total calculated
    $156,434
    From this org
    $119,971
    From related orgs
    $0
    Other
    $36,463
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,971
    Bonus
    $0
    Other
    $0
    Deferred
    $9,962
    Nontaxable benefits
    $26,501
    Filer's total
    $156,434

  • DENISE ARZOLA

    DIRECTOR, CLINICAL-COMMUNITY

    Total calculated
    $213,568
    From this org
    $185,850
    From related orgs
    $0
    Other
    $27,718
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $185,850
    Bonus
    $0
    Other
    $0
    Deferred
    $8,882
    Nontaxable benefits
    $18,836
    Filer's total
    $213,568

  • PETER NEWELL

    DIRECTOR, HEALTH INSURANCE

    Total calculated
    $223,323
    From this org
    $203,298
    From related orgs
    $0
    Other
    $20,025
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $203,298
    Bonus
    $0
    Other
    $0
    Deferred
    $16,160
    Nontaxable benefits
    $3,865
    Filer's total
    $223,323

  • ADAM FIFIELD

    DIRECTOR, COMMUNICATIONS

    Total calculated
    $241,401
    From this org
    $186,958
    From related orgs
    $0
    Other
    $54,443
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $186,958
    Bonus
    $0
    Other
    $0
    Deferred
    $11,521
    Nontaxable benefits
    $42,922
    Filer's total
    $241,401

  • CAMILA PAZOS

    DIRECTOR, HEALTH EQUITY FELLOWSHIP

    Total calculated
    $208,466
    From this org
    $179,139
    From related orgs
    $0
    Other
    $29,327
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $179,139
    Bonus
    $0
    Other
    $0
    Deferred
    $7,403
    Nontaxable benefits
    $21,924
    Filer's total
    $208,466

  • JOAN GUZIK

    DIRECTOR, QUALITY

    Total calculated
    $238,203
    From this org
    $186,819
    From related orgs
    $0
    Other
    $51,384
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $186,819
    Bonus
    $0
    Other
    $0
    Deferred
    $13,663
    Nontaxable benefits
    $37,721
    Filer's total
    $238,203

  • ANTHONY SHIH

    FORMER OFFICER

    Total calculated
    $140,250
    From this org
    $140,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $140,250
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $140,250

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
IN ANY GIVEN YEAR SOME UNITED HOSPITAL FUND STAFF MAY BE AWARDED BONUSES FOR EXTRAORDINARY WORK PERFORMANCE AND ACCOMPLISHMENTS. TO THE EXTENT THE BONUSES RELATES TO A STAFF PERSON WHOSE COMPENSATION AWARDS ARE SUBJECT TO APPROVAL BY THE SUB COMMITTEE ON EXECUTIVE COMPENSATION (SUB COMMITTEE), THE BONUS RECOMMENDATIONS ARE INCLUDED WITH ALL RELEVANT STAFF COMPENSATION ADJUSTMENT RECOMMENDATIONS PROVIDED TO THE SUB COMMITTEE FOR ITS REVIEW AND APPROVAL OR DENIAL AS DESCRIBED IN DETAIL ON SCHEDULE O, SUB COMMITTEE ON EXECUTIVE COMPENSATION SECTION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
14 January 2026
IRS schema version
2024v5.5
Source object
202620149349301037

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