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Nonprofiteer
← YALE-NEW HAVEN MEDICAL CENTER INC

Form 990 for tax year 2023

Filed by YALE-NEW HAVEN MEDICAL CENTER INC.

Totals

Total revenue
$3,833,440
Total expenses
$2,192,753
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,724,006
Investment income
$109,434
Other revenue
$0
Total assets, end of year
$12,684,882
Total liabilities, end of year
$5,161,183
Net assets or fund balances, end of year
$7,523,699
Program services expenses (Part IX)
$2,143,842
Management and general expenses
$48,911
Fundraising expenses
$0
Program service expenses (Part III)
$2,143,842

Program services were 97.8% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $3,724,006 · related or exempt $3,724,006

  • 3 · Investment income

    total $109,434 · excluded $109,434

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $129,110 · program services $111,402 · management and general $17,708

  • 9 · Other employee benefits

    total $64,336 · program services $59,227 · management and general $5,109

  • 10 · Payroll taxes

    total $9,876 · program services $8,522 · management and general $1,354

  • 11c · Fees: accounting

    total $24,740 · management and general $24,740

  • 13 · Office expenses

    total $5,027 · program services $5,027

  • 16 · Occupancy

    total $1,481,702 · program services $1,481,702

  • 22 · Depreciation, depletion and amortization

    total $477,962 · program services $477,962

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $7,110,799 · end of year $6,253,997

  • 4 · Accounts receivable

    beginning of year $297,400 · end of year $454,654

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

    $10,564,416

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

    $4,588,185

  • 10c · Land, buildings and equipment, net

    beginning of year $4,347,220 · end of year $5,976,231

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,257,303 · end of year $770,839

  • 25 · Other liabilities

    beginning of year $4,615,104 · end of year $4,390,344

  • 27 · Net assets without donor restrictions

    beginning of year $5,883,012 · end of year $7,523,699

Mission and programs · 2023

Mission

YALE NEW HAVEN MEDICAL CENTER, INC. WAS ESTABLISHED TO BENEFIT, PERFORM THE FUNCTIONS OF, CARRY OUT THE PURPOSES OF, AND UPHOLD, PROMOTE, AND FURTHER THE WELFARE, PROGRAMS AND ACTIVITIES OF YALE NEW HAVEN HOSPITAL AND YALE UNIVERSITY.

Activities or mission (Part I)

SEE SCHEDULE O.

  • THE FILING ORGANIZATION MANAGES REAL ESTATE PROPERTIES FOR THE BENEFIT OF YALE NEW HAVEN HOSPITAL, INC. AND YALE UNIVERSITY - SCHOOL OF MEDICINE.

    Expenses $2,143,842 · Revenue $3,724,006

As filed on the 2023 return.

Listed in Part VII

  • Joseph Schlosser

    PRESIDENT & DIRECTOR

    Total calculated
    $203,407
    From this org
    $0
    From related orgs
    $158,866
    Other
    $44,541
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,866 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,238 related
    Nontaxable benefits
    $0 + $27,303 related
    Filer's total
    $0 + $203,407 related

  • Keith Tandler

    TREASURER & DIRECTOR

    Total calculated
    $776,885
    From this org
    $0
    From related orgs
    $650,779
    Other
    $126,106
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $488,227 related
    Bonus
    $0 + $118,738 related
    Other
    $0 + $43,814 related
    Deferred
    $0 + $94,200 related
    Nontaxable benefits
    $0 + $31,906 related
    Filer's total
    $0 + $776,885 related

  • Jessica Caponigro

    SECRETARY & DIRECTOR

    Total calculated
    $256,880
    From this org
    $0
    From related orgs
    $199,969
    Other
    $56,911
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,969 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,078 related
    Nontaxable benefits
    $0 + $34,833 related
    Filer's total
    $0 + $256,880 related

  • Joseph Caruso

    CHAIRMAN & DIRECTOR

    Total calculated
    $372,389
    From this org
    $0
    From related orgs
    $317,998
    Other
    $54,391
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $262,477 related
    Bonus
    $0 + $42,220 related
    Other
    $0 + $13,301 related
    Deferred
    $0 + $23,524 related
    Nontaxable benefits
    $0 + $30,867 related
    Filer's total
    $0 + $372,389 related

  • Stephen Carbery

    FORMER CHAIRMAN & DIRECTOR

    Total calculated
    $435,419
    From this org
    $0
    From related orgs
    $360,779
    Other
    $74,640
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $255,537 related
    Bonus
    $0 + $54,995 related
    Other
    $0 + $50,247 related
    Deferred
    $0 + $52,001 related
    Nontaxable benefits
    $0 + $22,639 related
    Filer's total
    $0 + $435,419 related

  • Frederick Borrelli

    FORMER OFFICER & DIRECTOR

    Total calculated
    $367,102
    From this org
    $0
    From related orgs
    $315,345
    Other
    $51,757
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $315,345 related
    Deferred
    $0 + $33,958 related
    Nontaxable benefits
    $0 + $17,799 related
    Filer's total
    $0 + $367,102 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

  • 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
THE FILING ORGANIZATION DOES NOT HAVE AND/OR COMPENSATE ITS OWN CEO/EXECUTIVE DIRECTOR. THESE POSITIONS ARE FILLED BY EMPLOYEES OF A RELATED ORGANIZATION(S) AND COMPENSATED THROUGH THE RESPECTIVE RELATED ORGANIZATION(S). THE METHOD USED BY THE RELATED ORGANIZATION(S) FOR DETERMINING COMPENSATION FOR THESE INDIVIDUALS ARE: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4A
THE INDIVIDUALS LISTED BELOW RECEIVED SEVERANCE DURING THE 2023 CALENDAR YEAR THAT WAS RECOGNIZED AS A TAXABLE EVENT AND REPORTED IN THE INDIVIDUAL'S 2023 CALENDAR YEAR FORM W-2. FREDERICK BORRELLI $276,158

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 August 2025
IRS schema version
2023v6.0
Source object
202542259349300019

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