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Nonprofiteer
← KINGS PHYSICIAN SERVICES PC

Form 990 for tax year 2023

Filed by KINGS PHYSICIAN SERVICES PC.

Totals

Total revenue
$286,947,129
Total expenses
$286,947,129
Contributions and grants received
$57,857,124
Grants paid
$0
Program service revenue
$144,398,087
Investment income
$281,389
Other revenue
$84,410,529
Total assets, end of year
$67,085,963
Total liabilities, end of year
$42,889,337
Net assets or fund balances, end of year
$24,196,626
Program services expenses (Part IX)
$249,521,921
Management and general expenses
$37,425,208
Fundraising expenses
$0
Program service expenses (Part III)
$249,521,921

Program services were 87.0% 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.

  • 1d · Related organizations

    $57,857,124

  • 2a · Program service revenue: NET PATIENT REVENUE

    total $144,398,087 · related or exempt $144,398,087

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $281,389 · excluded $281,389

  • 6a · Gross rents

    real property $31,438

  • 6c · Rental income or loss

    real property $31,438 · personal property $0

  • 6d · Net rental income or loss

    total $31,438 · excluded $31,438

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: TEACHING REVENUE

    total $81,347,220 · related or exempt $81,347,220

  • 11b · Other revenue: MEDICAL HOME CARE

    total $124,272 · related or exempt $124,272

  • 11c · Other revenue: FACULTY PRACTICE

    total $71,674 · related or exempt $71,674

  • 11d · All other revenue

    total $2,835,925 · related or exempt $2,834,657 · unrelated business $0 · excluded $1,268

  • 11e · Other revenue, total

    $84,379,091

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $772,446 · management and general $772,446

  • 7 · Other salaries and wages

    total $124,230,481 · program services $114,070,887 · management and general $10,159,594

  • 8 · Pension plan contributions

    total $1,284,000 · program services $1,172,272 · management and general $111,728

  • 9 · Other employee benefits

    total $20,097,730 · program services $18,311,568 · management and general $1,786,162

  • 10 · Payroll taxes

    total $8,637,636 · program services $7,922,245 · management and general $715,391

  • 11c · Fees: accounting

    total $24,000 · management and general $24,000

  • 11g · Fees: other

    total $88,379,448 · program services $69,083,029 · management and general $19,296,419 · fundraising $0

  • 13 · Office expenses

    total $4,508,437 · program services $3,364,165 · management and general $1,144,272

  • 16 · Occupancy

    total $12,115,383 · program services $10,217,370 · management and general $1,898,013

  • 17 · Travel

    total $5,400 · management and general $5,400

  • 19 · Conferences, conventions and meetings

    total $342,349 · management and general $342,349

  • 22 · Depreciation, depletion and amortization

    total $2,157,272 · program services $1,969,555 · management and general $187,717

  • 23 · Insurance

    total $20,216,384 · program services $20,216,384

  • 24a · Other expenses: LICENSE, PERMITS & FEES

    total $259,051 · program services $236,509 · management and general $22,542

  • 24b · Other expenses: OTHER EXPENSE

    total $959,175 · management and general $959,175

  • 24c · Other expenses: MEDICAL SUPPLIES

    total $2,957,937 · program services $2,957,937

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,816,076

  • 2 · Savings and temporary cash investments

    end of year $4,972,606

  • 4 · Accounts receivable

    beginning of year $7,058,416 · end of year $10,101,569

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $316,613 · end of year $333,537

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

    $30,987,733

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

    $12,184,661

  • 10c · Land, buildings and equipment, net

    beginning of year $20,152,655 · end of year $18,803,072

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $31,881,220 · end of year $32,875,179

  • 17 · Accounts payable and accrued expenses

    beginning of year $46,060,188 · end of year $42,758,412

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $166,677 · end of year $130,925

  • 27 · Net assets without donor restrictions

    beginning of year $23,998,115 · end of year $24,196,626

Mission and programs · 2023

Mission

TO PROVIDE EXCELLENT MEDICAL HEALTH CARE SERVICES TO PATIENTS WITHOUT REGARD TO AGE, SEX, RACE, CREED, NATIONAL ORIGIN OR DISABILITIES.

  • TO PROVIDE EXCELLENT MEDICAL HEALTH CARE SERVICES TO PATIENTS WITHOUT REGARD TO AGE, SEX, RACE, CREED, NATIONAL ORIGIN OR DISABILITY IN THE AREAS OF INTERNAL MEDICINE, NEURO PSYCH, CARDIOLOGY, OB/GYN, PEDIATICS, FAMILY HEALTH, SURGERY, UROLOGY, PODIATRY AND OTHER MEDICAL AREAS.

    Expenses $249,521,921 · Revenue $228,775,910

As filed on the 2023 return.

Listed in Part VII

  • STEVEN SILBER

    PRESIDENT

    Total calculated
    $772,446
    From this org
    $0
    From related orgs
    $712,400
    Other
    $60,046
    Hours/week
    53.4 + 6.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $528,805 related
    Bonus
    $0 + $130,640 related
    Other
    $0 + $52,955 related
    Deferred
    $0 + $17,117 related
    Nontaxable benefits
    $0 + $42,929 related
    Filer's total
    $0 + $772,446 related

  • BHARATH REDDY

    ATTENDING PHYSICIAN

    Total calculated
    $2,215,491
    From this org
    $2,170,350
    From related orgs
    $0
    Other
    $45,141
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $824,108
    Bonus
    $1,345,306
    Other
    $936
    Deferred
    $4,225
    Nontaxable benefits
    $40,916
    Filer's total
    $2,215,491

  • HAJIR DILMANIAN

    ATTENDING PHYSICIAN

    Total calculated
    $2,108,186
    From this org
    $2,084,588
    From related orgs
    $0
    Other
    $23,598
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $648,742
    Bonus
    $1,434,755
    Other
    $1,091
    Deferred
    $6,248
    Nontaxable benefits
    $17,350
    Filer's total
    $2,108,186

  • IGOR MAMKIN

    ATTENDING PHYSICIAN

    Total calculated
    $2,059,088
    From this org
    $2,005,455
    From related orgs
    $0
    Other
    $53,633
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $642,000
    Bonus
    $1,362,598
    Other
    $857
    Deferred
    $4,979
    Nontaxable benefits
    $48,654
    Filer's total
    $2,059,088

  • TERRENCE J SACCHI

    CHIEF CARDIOLOGY DEPT OF MED.

    Total calculated
    $2,013,075
    From this org
    $1,953,997
    From related orgs
    $0
    Other
    $59,078
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $1,944,801
    Bonus
    $0
    Other
    $9,196
    Deferred
    $30,332
    Nontaxable benefits
    $28,746
    Filer's total
    $2,013,075

  • YONGXIA QU

    ATTENDING PHYSICIAN

    Total calculated
    $2,010,369
    From this org
    $1,992,278
    From related orgs
    $0
    Other
    $18,091
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $653,047
    Bonus
    $1,336,104
    Other
    $3,127
    Deferred
    $3,756
    Nontaxable benefits
    $14,335
    Filer's total
    $2,010,369

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

  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
COMPENSATION DECISIONS FOR THE PRESIDENT WAS DETERMINED BY A RELATED ORGANIZATION FOLLOWING THAT ORGANIZATION'S COMPENSATION POLICY.
Schedule J, Part I, Line 7 Non-fixed payments
Four of the highly compensation physicians shown on Part VII, line 1A received productivity Incentives from the organization based on specific baseline targets.

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 corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202413169349302491

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