Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $4,648,439

• 1e · Government grants (contributions)

  $27,856

• 1f · All other contributions, gifts and grants

  $150,000

• 2a · Program service revenue: HOSPICE AND PALLIATIVE CARE

  total $95,432,809 · related or exempt $95,432,809 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $47,465 · excluded $47,465

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 6d · Net rental income or loss

  total $0

• 7a · Gross sales of assets other than inventory

  securities $16,479

• 7c · Gain or loss

  securities $16,479

• 7d · Net gain or loss

  total $16,479 · excluded $16,479

• 8a · Fundraising events: gross income

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: PALLIATIVE CARE

  total $216,000 · related or exempt $216,000 · unrelated business $0 · excluded $0

• 11b · Other revenue: MISCELLANEOUS REVENUE

  total $28,805 · related or exempt $28,805 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $244,805

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $829,861 · program services $702,777 · management and general $127,084

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $36,413,116 · program services $30,810,112 · management and general $5,603,004

• 8 · Pension plan contributions

  total $1,665,591 · program services $1,013,796 · management and general $651,795

• 9 · Other employee benefits

  total $6,090,126 · program services $3,706,880 · management and general $2,383,246

• 10 · Payroll taxes

  total $2,076,872 · program services $1,264,131 · management and general $812,741

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $265,834 · program services $233,797 · management and general $32,037

• 11c · Fees: accounting

  total $102,163 · program services $89,851 · management and general $12,312

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $42,772,954 · program services $42,501,982 · management and general $270,972 · fundraising $0

• 12 · Advertising and promotion

  total $381,347 · program services $232,115 · management and general $149,232

• 13 · Office expenses

  total $389,048 · program services $342,161 · management and general $46,887

• 14 · Information technology

  total $457,783 · program services $278,639 · management and general $179,144

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $1,642,628 · program services $1,002,729 · management and general $639,899

• 17 · Travel

  total $869,667 · program services $766,519 · management and general $103,148

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $18,942 · program services $16,695 · management and general $2,247

• 20 · Interest

  total $0

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $92,203 · program services $56,121 · management and general $36,082

• 23 · Insurance

  total $973,572 · program services $592,585 · management and general $380,987

• 24a · Other expenses: MEDICAL SUPPLIES

  total $3,916,062 · program services $3,444,112 · management and general $471,950

• 24b · Other expenses: LICENSES, DUES & SUBSCRIPTIONS

  total $334,604 · program services $294,279 · management and general $40,325

• 24c · Other expenses: OTHER EXPENSES

  total $44,998 · program services $16,292 · management and general $28,706

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $243,000 · end of year $243,000

• 2 · Savings and temporary cash investments

  beginning of year $3,402,431 · end of year $4,126,061

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $9,790,834 · end of year $10,990,472

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $32,724 · end of year $1,110,134

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

  $1,013,572

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

  $432,661

• 10c · Land, buildings and equipment, net

  beginning of year $282,426 · end of year $580,911

• 11 · Investments: publicly traded securities

  beginning of year $1,923,017 · end of year $2,140,297

• 12 · Investments: other securities

  beginning of year $0 · end of year $0

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $1,725,079 · end of year $1,330,756

• 17 · Accounts payable and accrued expenses

  beginning of year $16,241,936 · end of year $16,774,630

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $464,514 · end of year $1,663,962

• 27 · Net assets without donor restrictions

  beginning of year -$1,466,731 · end of year -$589,563

• 28 · Net assets with donor restrictions

  beginning of year $2,159,792 · end of year $2,672,602

The filer's explanations (Part III)

PART I, LINE 3:

THE SALARIES FOR THE EXECUTIVES ARE DETERMINED BY METROPOLITAN JEWISH HEALTH SYSTEM, INC., A RELATED ORGANIZATION. THE METHODS UTILIZED INCLUDE A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANTS, REVIEW OF THE FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEYS OR STUDIES AND APPROVAL BY THE COMPENSATION COMMITTEE OF THE BOARD.

PART I, LINE 4A:

Russell Portenoy, former CMO and Executive Director, received severance compensation totaling $382,565 during calendar year 2024. This amount was reported as taxable Medicare wages in Box 5 of his 2024 Form W-2.

PART I, LINE 4B:

The organization maintains an unfunded Supplemental Retirement Plan for certain officers and key employees.

PART I, LINE 7:

BONUS ELIGIBILITY IS BASED ON THE EXTENT THAT EACH EXECUTIVE AND EMPLOYEE HAS ACHIEVED HIS/HER GOAL AND IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD.

Related corporations and trusts

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

• MJGC CORP

  C CORPORATION · HOLDING COMPANY · NY · share of income $0 · share of assets $0

  Directly controlled by MJHS

• MJHS SOLUTIONS INC

  C CORPORATION · HOLDING COMPANY · NY · share of income $0 · share of assets $0

  Directly controlled by MJHS FOUNDATION