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Nonprofiteer
← MELROSEWAKEFIELD HEALTHCARE PARENT CORPORATION

Form 990 for tax year 2022

Filed by MELROSEWAKEFIELD HEALTHCARE PARENT CORPORATION.

Totals

Total revenue
$1,674,545
Total expenses
$2,499,894
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,674,545
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,208,451
Total liabilities, end of year
$1,927,598
Net assets or fund balances, end of year
$280,853
Program services expenses (Part IX)
$2,314,443
Management and general expenses
$185,451
Fundraising expenses
$0
Program service expenses (Part III)
$2,314,443

Program services were 92.6% 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.

  • 2a · Program service revenue: RELATED EXEMPT SUBS RENTAL INCOME

    total $1,499,760 · excluded $1,499,760

  • 2b · Program service revenue: PHO & OTHER HC PROVIDERS RENTAL

    total $158,417 · excluded $158,417

  • 2c · Program service revenue: FUND DEVELOPMENT RENTAL INCOME

    total $16,368 · excluded $16,368

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $129,957 · program services $25,441 · management and general $104,516

  • 9 · Other employee benefits

    total $141,637 · program services $2,082 · management and general $139,555

  • 11a · Fees: management

    total $35,983 · management and general $35,983

  • 11b · Fees: legal

    total $16,972 · program services $16,972

  • 11f · Fees: investment management

    total $1,125 · management and general $1,125

  • 13 · Office expenses

    total $364 · program services $364

  • 16 · Occupancy

    total $1,931,577 · program services $2,029,255 · management and general -$97,678

  • 17 · Travel

    total $2,038 · program services $88 · management and general $1,950

  • 22 · Depreciation, depletion and amortization

    total $240,241 · program services $240,241

Balance sheet

Part X, book values.

  • 9 · Prepaid expenses and deferred charges

    beginning of year $109,193 · end of year $62,104

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

    $8,296,371

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

    $6,502,703

  • 10c · Land, buildings and equipment, net

    beginning of year $2,033,910 · end of year $1,793,668

  • 15 · Other assets

    beginning of year $2,586,807 · end of year $352,679

  • 17 · Accounts payable and accrued expenses

    beginning of year $283,996 · end of year $313,294

  • 19 · Deferred revenue

    beginning of year $1,625,875 · end of year $57,268

  • 25 · Other liabilities

    beginning of year $1,742,993 · end of year $1,557,036

  • 27 · Net assets without donor restrictions

    beginning of year $796,009 · end of year -$4,431

  • 28 · Net assets with donor restrictions

    beginning of year $281,037 · end of year $285,284

Mission and programs · 2022

Mission

DEVELOP, SPONSOR AND PROMOTE SERVICE AND PROGRAMS SOLELY FOR THE BENEFIT OF MELROSEWAKEFIELD HEALTHCARE, INC. (HOSPITAL) AND ITS RELATED ORGANIZATIONS. THESE PROGRAMS AND SERVICES ARE CHARITABLE, SCIENTIFIC OR EDUCATIONAL.

  • SUPPORTED THE ADVANCEMENT OF THE KNOWLEDGE AND PRACTICE OF MEDICINE, SURGERY, NURSING AND OTHER SUBJECTS RELATING TO THE CARE, TREATMENT AND HEALING OF INDIVIDUALS. IN ACCOMPLISHING THAT PURPOSE, THIS CORPORATION DEVELOPED, SPONSORED, AND PROMOTED SERVICE AND PROGRAMS SOLEY FOR THE BENEFIT OF MELROSEWAKEFIELD HEALTHCARE, INC. (HOSPITAL) AND ITS RELATED ORGANIZATIONS. THESE PROGRAMS AND SERVICES WERE CHARITABLE, SCIENTIFIC, OR EDUCATIONAL AND ADDRESSED THE PHYSICAL AND MENTAL NEEDS OF THE SURROUNDING COMMUNITIES.

    Expenses $2,314,443

As filed on the 2022 return.

Listed in Part VII

  • Patricia Campbell

    CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Paul Bardaro

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Laurence Conway MD

    DIRECTOR

    Total calculated
    $339,487
    From this org
    $0
    From related orgs
    $336,126
    Other
    $3,361
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $336,126 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,361 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $339,487 related

  • Kelly Corbi

    PRESIDENT/DIRECTOR

    Total calculated
    $631,924
    From this org
    $0
    From related orgs
    $609,479
    Other
    $22,445
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $497,275 related
    Bonus
    $0 + $53,168 related
    Other
    $0 + $59,036 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $22,445 related
    Filer's total
    $0 + $631,924 related

  • Michael Dandorph

    DIRECTOR

    Total calculated
    $1,581,075
    From this org
    $0
    From related orgs
    $1,289,948
    Other
    $291,127
    Hours/week
    3 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,273,773 related
    Bonus
    $0
    Other
    $0 + $16,175 related
    Deferred
    $0 + $261,150 related
    Nontaxable benefits
    $0 + $29,977 related
    Filer's total
    $0 + $1,581,075 related

  • Edward Doherty Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Maurice M Edouard-Vincent EdD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Andrew Freed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Tara Gibson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Thomas Graf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Gail Infurna RN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Diana Jeong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Philip Lembo

    VICE CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Joseph Pennacchio MD

    DIRECTOR

    Total calculated
    $528,298
    From this org
    $0
    From related orgs
    $506,483
    Other
    $21,815
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $492,478 related
    Bonus
    $0 + $10,000 related
    Other
    $0 + $4,005 related
    Deferred
    $0 + $9,200 related
    Nontaxable benefits
    $0 + $12,615 related
    Filer's total
    $0 + $528,298 related

  • Andras Sandor MD

    DIRECTOR

    Total calculated
    $505,940
    From this org
    $0
    From related orgs
    $473,814
    Other
    $32,126
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $462,511 related
    Bonus
    $0 + $10,320 related
    Other
    $0 + $983 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $22,976 related
    Filer's total
    $0 + $505,940 related

  • Robert L Swanson Jr

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Bindiya Thakkar MD

    DIRECTOR

    Total calculated
    $469,061
    From this org
    $0
    From related orgs
    $438,283
    Other
    $30,778
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $372,006 related
    Bonus
    $0 + $65,977 related
    Other
    $0 + $300 related
    Deferred
    $0 + $8,231 related
    Nontaxable benefits
    $0 + $22,547 related
    Filer's total
    $0 + $469,061 related

  • Mehreen Butt

    DIRECTOR (UNTIL JAN. 2023)

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Susan Green

    ASSISTANT TREASURER

    Total calculated
    $992,828
    From this org
    $0
    From related orgs
    $953,259
    Other
    $39,569
    Hours/week
    3 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $717,484 related
    Bonus
    $0 + $93,750 related
    Other
    $0 + $142,025 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $30,419 related
    Filer's total
    $0 + $992,828 related

  • Charles R Whipple Esq

    ASSISTANT SEC./GENERAL COUNSEL

    Total calculated
    $487,304
    From this org
    $0
    From related orgs
    $407,469
    Other
    $79,835
    Hours/week
    40 + 3 related

    Schedule J breakdown matched by us

    Base
    $0 + $305,203 related
    Bonus
    $0 + $31,940 related
    Other
    $0 + $70,326 related
    Deferred
    $0 + $51,967 related
    Nontaxable benefits
    $0 + $27,868 related
    Filer's total
    $0 + $487,304 related

  • Donna Sandler

    ASSISTANT SECRETARY

    Total calculated
    $99,732
    From this org
    $0
    From related orgs
    $84,512
    Other
    $15,220
    Hours/week
    3 + 3 related

  • William Wyman

    ASSISTANT TREASURER (UNTIL MAY 2023)

    Total calculated
    $537,630
    From this org
    $0
    From related orgs
    $451,883
    Other
    $85,747
    Hours/week
    3 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $391,798 related
    Bonus
    $0 + $49,791 related
    Other
    $0 + $10,294 related
    Deferred
    $0 + $65,464 related
    Nontaxable benefits
    $0 + $20,283 related
    Filer's total
    $0 + $537,630 related

  • Steven Sbardella

    VP, MEDICAL AFFAIRS & CMO

    Total calculated
    $320,150
    From this org
    $0
    From related orgs
    $306,374
    Other
    $13,776
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,633 related
    Bonus
    $0 + $14,413 related
    Other
    $0 + $59,328 related
    Deferred
    $0 + $13,578 related
    Nontaxable benefits
    $0 + $198 related
    Filer's total
    $0 + $320,150 related

  • Roselyn Fisher

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $208,178
    From this org
    $194,942
    From related orgs
    $0
    Other
    $13,236
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,442
    Bonus
    $16,342
    Other
    $158
    Deferred
    $4,511
    Nontaxable benefits
    $8,725
    Filer's total
    $208,178

  • Susan M Sandberg

    FORMER PRESIDENT/CEO

    Total calculated
    $650,000
    From this org
    $0
    From related orgs
    $650,000
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $650,000 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $650,000 related

  • Pamela Whelton

    FORMER INTERIM PRES. & CEO

    Total calculated
    $150,000
    From this org
    $0
    From related orgs
    $150,000
    Other
    $0
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $150,000 related

  • Deborah Cronin-Waelde

    FORMER SYSTEM V.P./CNO

    Total calculated
    $134,781
    From this org
    $0
    From related orgs
    $134,781
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $134,781 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $134,781 related

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 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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 3
ANNUALLY, THE HUMAN RESOURCES COMMITTEE OF THE PARENT CORPORATION COMPRISED OF INDEPENDENT DIRECTORS, REVIEWS THE COMPENSATION OF THE PRESIDENT AND MEMBERS OF THE EXECUTIVE LEADERSHIP TEAM, USING DATA FROM AN INDEPENDENT THIRD PARTY EVALUATION OF COMPARABLE COMPENSATION DATA.
PART I, LINE 4A
SUSAN SANDBERG RECEIVED SEVERANCE IN THE AMOUNT OF $650,000 IN CALENDAR YEAR 2022. DEBORAH CRONIN-WAELDE RECEIVED SEVERANCE IN THE AMOUNT OF $134,781 IN CALENDAR YEAR 2022. SECTION 457(F) RETIREMENT PLAN EMPLOYER DEFERRALS: MICHAEL DANDORPH - $252,000 WILLIAM WYMAN - $54,139 CHARLES WHIPPLE - $42,953 STEVEN SBARDELLA - $13,578

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MONTVALE PETCT LLC

    RELATED · CAT SCAN · DE

    Directly controlled by MELROSEWAKEFIELD HEALTHCARE INC

  • SHIELDS-TUFTS MEDICAL CENTER IMAGING MANAGEMENT LLC

    RELATED · MEDICAL SERVICES (MRI) · MA

    Directly controlled by TUFTS MEDICAL CENTER INC

Related corporations and trusts

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

  • HALLMARK HEALTH PHO INC

    C · PHYSICIAN HOSPITAL ORGANIZATION · MA

    Directly controlled by MELROSEWAKEFIELD HEALTHCARE INC

  • LAWRENCE MELROSE MEDICAL ELECTRONICS RECORD INC

    C · ELECTRONIC MEDICAL RECORDS · MA

    Directly controlled by MELROSEWAKEFIELD HEALTHCARE INC

  • LGH MANAGEMENT SERVICES INC

    C · MEDICAL SERVICES · MA · controlled entity

    Directly controlled by LGH SERVICES INC

  • LGH MEDICAL BUILDING SERVICES INC

    C · MEDICAL OFFICE BUILDING · MA · controlled entity

    Directly controlled by LGH SERVICES INC

  • LGH MEDICAL SERVICES INC

    C · MEDICAL SERVICES · MA · controlled entity

    Directly controlled by LGH SERVICES INC

  • LGH SERVICES INC

    C · MEDICAL SERVICES · MA · controlled entity

    Directly controlled by CIRCLE HEALTH INC

  • TUFTS MEDICINE INDEMNITY COMPANY LTD

    C · CAPTIVE INSURANCE · CJ · controlled entity

    Directly controlled by TUFTS MEDICINE INC

  • TMIN SERVICES INC

    C · HEALTH CARE · MA · controlled entity

    Directly controlled by TUFTS MEDICINE INTEGRATED NETWORK INC

Provenance

Return type
form_990
Tax year
2022
Filed
14 August 2024
IRS schema version
2022v5.0
Source object
202402289349302350

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