← BEVERLY COMMUNITY HOSPITAL ASSOCIATION

Form 990 for tax year 2023

Filed by BEVERLY COMMUNITY HOSPITAL ASSOCIATION.

Totals

Total revenue: $38,717,475
Total expenses: $140,904,897
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $97,039,056
Investment income: $1,085,229
Other revenue: -$59,406,810
Total assets, end of year: $44,753,676
Total liabilities, end of year: $119,957,579
Net assets or fund balances, end of year: -$75,203,903
Program services expenses (Part IX): $0
Management and general expenses: $140,904,897
Fundraising expenses: $0
Program service expenses (Part III): not reported

Program services were 0.0% 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: OPERATING REVENUE

total $97,039,056 · related or exempt $97,039,056
4 · Income from investment of tax-exempt bond proceeds

total $1,085,229 · related or exempt $1,085,229
11a · Other revenue: NON-OPERATING REVENUE

total -$59,406,810 · related or exempt -$59,406,810
11e · Other revenue, total

-$59,406,810

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $45,523,499 · management and general $45,523,499
6 · Compensation of disqualified persons

total -$5,899,532 · management and general -$5,899,532
8 · Pension plan contributions

total $13,764,013 · management and general $13,764,013
9 · Other employee benefits

total $3,780,253 · management and general $3,780,253
11a · Fees: management

total $11,528,717 · management and general $11,528,717
11b · Fees: legal

total $11,838,874 · management and general $11,838,874
16 · Occupancy

total $1,091,444 · management and general $1,091,444
17 · Travel

total $1,034 · management and general $1,034
20 · Interest

total $2,962,844 · management and general $2,962,844
23 · Insurance

total $1,848,466 · management and general $1,848,466
24a · Other expenses: SUPPLIES-GENERAL

total $13,444,489 · management and general $13,444,489
24b · Other expenses: OTHER EXPENSE

total $12,120,905 · management and general $12,120,905
24c · Other expenses: OTHER EXPENSE

total $9,512,167 · management and general $9,512,167
24d · Other expenses: DEPRECIATION-HISTORICAL

total $6,673,671 · management and general $6,673,671
24e · All other expenses

total $12,714,053 · management and general $12,714,053

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $17,326,557 · end of year $30,467,413
2 · Savings and temporary cash investments

beginning of year $2,129,322 · end of year $2,130,362
4 · Accounts receivable

beginning of year $20,573,784 · end of year $5,067,567
8 · Inventories for sale or use

beginning of year $2,903,011
9 · Prepaid expenses and deferred charges

beginning of year $2,029,387 · end of year $385,974
10a · Land, buildings and equipment: cost or other basis

$0
10c · Land, buildings and equipment, net

beginning of year $84,508,529
15 · Other assets

beginning of year $22,837,145 · end of year $6,702,360
17 · Accounts payable and accrued expenses

beginning of year $18,476,810 · end of year $15,355,523
19 · Deferred revenue

beginning of year $10,924,850
20 · Tax-exempt bond liabilities

beginning of year $58,269,640
23 · Secured mortgages and notes payable

beginning of year $11,347,855
25 · Other liabilities

beginning of year $26,305,054 · end of year $104,602,056
27 · Net assets without donor restrictions

beginning of year $26,983,526 · end of year -$75,203,903

Mission and programs · 2023

Mission

TO PROVIDE COMPASSIONATE AND QUALITY HEALTH CARE.

Activities or mission (Part I)

SEE SCHEDULE O

INPATIENT AND OUTPATIENT HOSPITAL SERVICES - HOSPITAL SERVICES PROVIDED BY BEVERLY COMMUNITY HOSPITAL ASSOCIATION INCLUDED 7,686 INPATIENT ADMISSIONS, 14,013 OUTPATIENT VISITS, AND 33,324 EMERGENCY ROOM VISITS IN 2022. CARE IS PROVIDED WITHOUT CHARGE TO PATIENTS WHO MEET SPECIFIED CRITERIA UNDER THE CHARITY CARE POLICY.
CAPITATION SERVICES - BEVERLY COMMUNITY HOSPITAL ASSOCIATION CONTRACTSWITH BLUE CROSS OF CALIFORNIA AND HEALTH NET OF CALIFORNIA TO PROVIDE INPATIENT AND OUTPATIENT HOSPITAL SERVICES AT FULL RISK TO ENROLLED MEDI-CAL BENEFICIARIES WHO ARE CONCURRENTLY ENROLLED WITH A LOCAL MEDICAL GROUP.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Monica Thornhill-Joynes MDMONICA THORNHILL-JOYNES MD

BOARD MEMBER/CHIEF OF STAF

Total calculated

$0

Hours/week

2 + 2 related
Lyla Eddington EdD RNLYLA EDDINGTON EDD RN

CHAIRPERSON

Total calculated

$0

Hours/week

2 + 2 related
Carlos Manuel Haro PhDCARLOS MANUEL HARO PHD

1ST VICE CHAIRPERSON

Total calculated

$0

Hours/week

2 + 2 related
Renee D MartinezRENEE D MARTINEZ

2ND VICE CHAIRPERSON

Total calculated

$0

Hours/week

2 + 2 related
John Hsu Cpm CcimJOHN HSU CPM CCIM

TREASURER

Total calculated

$0

Hours/week

2 + 2 related
Gautam Ganguly MDGAUTAM GANGULY MD

SECRETARY

Total calculated

$0

Hours/week

2 + 2 related
Richard L Adams IIRICHARD L ADAMS II

BOARD MEMBER

Total calculated

$0

Hours/week

2 + 2 related
Gary R Einstein EsqGARY R EINSTEIN ESQ

BOARD MEMBER

Total calculated

$0

Hours/week

2 + 2 related
Julie France EdrnJULIE FRANCE EDRN

BOARD MEMBER

Total calculated

$0

Hours/week

2 + 2 related
Goharik GabrielGOHARIK GABRIEL

BOARD MEMBER

Total calculated

$0

Hours/week

2 + 2 related
Ralph Hansen DMDRALPH HANSEN DMD

BOARD MEMBER

Total calculated

$0

Hours/week

2 + 2 related
Aziz Khan MDAZIZ KHAN MD

BOARD MEMBER

Total calculated

$0

Hours/week

2 + 2 related
Rosemary OrozcoROSEMARY OROZCO

BOARD MEMBER

Total calculated

$0

Hours/week

2 + 2 related
Alma PerezALMA PEREZ

BOARD MEMBER

Total calculated

$0

Hours/week

2 + 2 related
Pamala K SakamotoPAMALA K SAKAMOTO

BOARD MEMBER

Total calculated

$0

Hours/week

2 + 2 related
Alice Cheng FacheALICE CHENG FACHE

PRESIDENT & CEO

Total calculated

$0

Hours/week

40 + 3 related
Housang AbdHOUSANG ABD

VP OF FINANCE & CFO

Total calculated

$0

Hours/week

40 + 3 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.

Schedule J

Answered yes

None.

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

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.

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.

BEVERLY MSO

C · MANAGEMENT SERVICE ORGANIZATION · CA

Provenance

Return type: form_990
Tax year: 2023
Filed: 27 August 2024
IRS schema version: 2023v5.1
Source object: 202402409349301585

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