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Nonprofiteer
← BRONXCARE DR MARTIN LUTHER KING JR HEALTH CENTER

Form 990 for tax year 2023

Filed by BRONXCARE DR MARTIN LUTHER KING JR HEALTH CENTER.

Totals

Total revenue
$53,718,372
Total expenses
$45,860,203
Contributions and grants received
$3,878,353
Grants paid
$0
Program service revenue
$48,010,585
Investment income
$1,829,434
Other revenue
$0
Total assets, end of year
$57,604,480
Total liabilities, end of year
$36,073,705
Net assets or fund balances, end of year
$21,530,775
Program services expenses (Part IX)
$40,081,611
Management and general expenses
$5,778,592
Fundraising expenses
$0
Program service expenses (Part III)
$40,081,611

Program services were 87.4% 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.

  • 1e · Government grants (contributions)

    $3,878,353

  • 1g · Noncash contributions included above

    $573,104

  • 2a · Program service revenue: PATIENT REVENUE

    total $48,010,585 · related or exempt $48,010,585

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $1,829,434 · excluded $1,829,434

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $268,359 · program services $239,665 · management and general $28,694

  • 7 · Other salaries and wages

    total $17,545,903 · program services $15,641,853 · management and general $1,904,050

  • 8 · Pension plan contributions

    total $1,748,485 · program services $1,597,832 · management and general $150,653

  • 9 · Other employee benefits

    total $4,388,343 · program services $4,010,234 · management and general $378,109

  • 10 · Payroll taxes

    total $1,527,082 · program services $1,298,665 · management and general $228,417

  • 11b · Fees: legal

    total $4,294 · management and general $4,294

  • 11c · Fees: accounting

    total $133,613 · management and general $133,613

  • 11g · Fees: other

    total $6,313,865 · program services $5,009,437 · management and general $1,304,428 · fundraising $0

  • 13 · Office expenses

    total $5,165,893 · program services $5,058,489 · management and general $107,404

  • 16 · Occupancy

    total $6,054,348 · program services $6,054,348

  • 22 · Depreciation, depletion and amortization

    total $1,060,635 · program services $1,060,635

  • 24a · Other expenses: OTHER

    total $1,580,609 · program services $41,679 · management and general $1,538,930

  • 24b · Other expenses: NEW YORK STATE ASSESSMENT

    total $68,774 · program services $68,774

  • 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 $2,288,190 · end of year $4,795,517

  • 2 · Savings and temporary cash investments

    beginning of year $30,690,740 · end of year $38,690,740

  • 3 · Pledges and grants receivable

    beginning of year $365,408 · end of year $303,302

  • 4 · Accounts receivable

    beginning of year $3,989,910 · end of year $4,852,027

  • 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 $94,485 · end of year $50,966

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

    $25,291,634

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

    $21,239,498

  • 10c · Land, buildings and equipment, net

    beginning of year $3,818,795 · end of year $4,052,136

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $6,456,303 · end of year $4,859,792

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,768,935 · end of year $5,241,976

  • 19 · Deferred revenue

    end of year $1,573,216

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $29,262,290 · end of year $29,258,513

  • 27 · Net assets without donor restrictions

    beginning of year $13,672,606 · end of year $21,530,775

Mission and programs · 2023

Mission

TO DELIVER COMPREHENSIVE, QUALITY AND EFFICIENT PRIMARY AND AMBULATORY HEALTH CARE SERVICES TO ADDRESS THE HEALTH CARE NEEDS OF THE RESIDENTS OF THE SOUTH AND CENTRAL BRONX, AND OF ALL THE OTHER COMMUNITIES WE SERVE, AND TO ENHANCE THE REPUTATION OF THE HEALTH CENTER AS ONE OF THE PREMIER COMMUNITY HEALTH CENTERS IN THE BRONX AND NEW YORK CITY.

Activities or mission (Part I)

TO PROVIDE A BROAD RANGE OF HEALTH SERVICES TO A POPULATION THAT IS LARGELY ECONOMICALLY DEPRIVED.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $40,081,611 · Revenue $48,010,585

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Mr Julio Pabon Mpa

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    4

  • Mr Robert Carrillo

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Ms Martha Reyes RN

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    3

  • Prof Ellen R Hoist Ms RN

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Dr Iris I Mercado

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mr Earl Lewis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mr Paul A Moore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mr Ricardo Cosme Ruiz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ms Vivian M Chabrier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mr Miguel A Fuentes Jr

    PRESIDENT AND CEO

    Total calculated
    $2,374,107
    From this org
    $0
    From related orgs
    $2,309,674
    Other
    $64,433
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,501,130 related
    Bonus
    $0 + $800,139 related
    Other
    $0 + $8,405 related
    Deferred
    $0 + $27,989 related
    Nontaxable benefits
    $0 + $36,444 related
    Filer's total
    $0 + $2,374,107 related

  • Mr Victor G Demarco

    SENIOR VICE PRESIDENT AND CFO

    Total calculated
    $1,145,209
    From this org
    $0
    From related orgs
    $1,079,583
    Other
    $65,626
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $799,678 related
    Bonus
    $0 + $249,000 related
    Other
    $0 + $30,905 related
    Deferred
    $0 + $27,989 related
    Nontaxable benefits
    $0 + $37,637 related
    Filer's total
    $0 + $1,145,209 related

  • Crystal Jordan

    EXECUTIVE DIRECTOR

    Total calculated
    $268,359
    From this org
    $249,211
    From related orgs
    $0
    Other
    $19,148
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,935
    Bonus
    $42,000
    Other
    $276
    Deferred
    $4,194
    Nontaxable benefits
    $14,954
    Filer's total
    $268,359

  • Ayilam Sudhakar MD

    PHYSICIAN- MEDICINE

    Total calculated
    $513,661
    From this org
    $458,909
    From related orgs
    $0
    Other
    $54,752
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $400,645
    Bonus
    $35,002
    Other
    $23,262
    Deferred
    $27,989
    Nontaxable benefits
    $26,763
    Filer's total
    $513,661

  • Joseph Tiburcio MD

    PHYSICIAN-PSYCHIATRY

    Total calculated
    $619,207
    From this org
    $547,632
    From related orgs
    $0
    Other
    $71,575
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,256
    Bonus
    $285,700
    Other
    $10,676
    Deferred
    $27,989
    Nontaxable benefits
    $43,586
    Filer's total
    $619,207

  • Marcel Perl MD

    PHYSICIAN- MEDICINE

    Total calculated
    $448,109
    From this org
    $422,043
    From related orgs
    $0
    Other
    $26,066
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $406,935
    Bonus
    $15,000
    Other
    $108
    Deferred
    $11,196
    Nontaxable benefits
    $14,870
    Filer's total
    $448,109

  • Sasidhar Gunturu MD

    PHYSICIAN- PSYCHIATRY

    Total calculated
    $434,114
    From this org
    $366,975
    From related orgs
    $0
    Other
    $67,139
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $307,773
    Bonus
    $59,094
    Other
    $108
    Deferred
    $27,989
    Nontaxable benefits
    $39,150
    Filer's total
    $434,114

  • Sharon Kim MD

    CHIEF OF SERVICE INTERNAL MEDICINE

    Total calculated
    $485,031
    From this org
    $412,889
    From related orgs
    $0
    Other
    $72,142
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $412,736
    Bonus
    $0
    Other
    $153
    Deferred
    $27,989
    Nontaxable benefits
    $44,153
    Filer's total
    $485,031

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 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
BRONXCARE HEALTH SYSTEM (BCHS), A RELATED ENTITY, USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO DETERMINE THE SALARY OF THE PRESIDENT & CEO, AND THE SENIOR VICE PRESIDENT & CFO
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
MR. VICTOR G. DEMARCO PARTICIPATES IN A 457(F) PLAN. THERE WERE NO CONTRIBUTIONS TO THE PLAN DURING 2023.
Schedule J, Part I, Line 7 Non-fixed payments
CRYSTAL JORDAN; AYILAM SUDHAKAR, MD; JOSE TIBURCIO, MD; MARCEL PERL, MD; AND SASIDHAR GUNTURU, MD WERE AWARDED A BONUS FOR ACHIEVEMENT OF GOALS SET FORTH IN THE BEGINNING OF THE YEAR BY MANAGEMENT.

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.

  • BRONXCARE DEVELOPMENT CORPORATION

    C Corporation · REAL ESTATE D · NY

    Directly controlled by BRONXCARE HS

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349305883

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