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Nonprofiteer
← HALLMARK HEALTH MEDICAL ASSOCIATES INC

Form 990 for tax year 2024

Filed by HALLMARK HEALTH MEDICAL ASSOCIATES INC.

Totals

Total revenue
$65,276,376
Total expenses
$66,133,605
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$65,276,376
Investment income
$0
Other revenue
$0
Total assets, end of year
$24,228,126
Total liabilities, end of year
$10,524,742
Net assets or fund balances, end of year
$13,703,384
Program services expenses (Part IX)
$58,301,572
Management and general expenses
$7,832,033
Fundraising expenses
$0
Program service expenses (Part III)
$58,301,572

Program services were 88.2% 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: PATIENT CARE

    total $45,913,270 · related or exempt $45,913,270

  • 2b · Program service revenue: MANAGED CARE REVENUE

    total $14,214,121 · related or exempt $14,214,121

  • 2c · Program service revenue: HOSPITAL SUPPORT

    total $3,181,152 · related or exempt $3,181,152

  • 2f · All other program service revenue

    total $1,967,833 · related or exempt $1,967,833

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $853,625 · program services $853,625

  • 7 · Other salaries and wages

    total $45,658,242 · program services $42,223,041 · management and general $3,435,201

  • 8 · Pension plan contributions

    total $668,698 · program services $613,476 · management and general $55,222

  • 9 · Other employee benefits

    total $4,573,323 · program services $4,129,558 · management and general $443,765

  • 10 · Payroll taxes

    total $2,667,296 · program services $2,377,692 · management and general $289,604

  • 11g · Fees: other

    total $175,028 · program services $175,028

  • 12 · Advertising and promotion

    total $5,481 · program services $5,481

  • 13 · Office expenses

    total $857,305 · program services $347,432 · management and general $509,873

  • 16 · Occupancy

    total $3,102,613 · program services $3,102,613

  • 17 · Travel

    total $33,809 · program services $25,492 · management and general $8,317

  • 19 · Conferences, conventions and meetings

    total $63,725 · program services $63,725

  • 22 · Depreciation, depletion and amortization

    total $231,742 · program services $137,561 · management and general $94,181

  • 23 · Insurance

    total $322,556 · program services $322,556

  • 24a · Other expenses: PURCHASED SERVICES

    total $3,788,004 · program services $792,134 · management and general $2,995,870

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $2,087,072 · program services $2,087,072

  • 24c · Other expenses: EMR FEES

    total $362,880 · program services $362,880

  • 24e · All other expenses

    total $682,206 · program services $682,206

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $281,889 · end of year $48,061

  • 4 · Accounts receivable

    beginning of year $13,632,598 · end of year $22,382,485

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

    $2,436,019

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

    $2,030,531

  • 10c · Land, buildings and equipment, net

    beginning of year $749,462 · end of year $405,488

  • 15 · Other assets

    beginning of year $85,386 · end of year $1,392,092

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,127,819 · end of year $10,276,803

  • 25 · Other liabilities

    beginning of year $0 · end of year $247,939

  • 27 · Net assets without donor restrictions

    beginning of year $4,621,516 · end of year $13,703,384

Mission and programs · 2024

Mission

HALLMARK HEALTH MEDICAL ASSOCIATES, INC. SUPPORTS THE CHARITABLE MISSION OF MELROSEWAKEFIELD HEALTHCARE, INC. THROUGH THE EMPLOYMENT OF PRIMARY CARE PHYSICIANS AND SPECIALISTS AT PRACTICES THROUGHOUT THE MELROSEWAKEFIELD SERVICE AREA. THERE ARE NEARLY 80 PHYSICIANS OPERATING PRACTICES IN 9 DIFFERENT COMMUNITIES WITHIN THE MELROSEWAKEFIELD SERVICE AREA.

Activities or mission (Part I)

HALLMARK HEALTH MEDICAL ASSOCIATES, INC. SUPPORTS THE CHARITABLE MISSION OF MELROSEWAKEFIELD HEALTHCARE, INC. THROUGH THE EMPLOYMENT OF PRIMARY CARE PHYSICIANS AND SPECIALISTS AT PRACTICES THROUGHOUT THE MELROSEWAKEFIELD SERVICE AREA IN NINE LOCAL COMMUNITIES.

  • THE PURPOSE OF HALLMARK HEALTH MEDICAL ASSOCIATES, INC. IS TO IMPROVE THE QUALITY AND ACCESS TO MEDICAL CARE PROVIDED BY MELROSEWAKEFIELD HEALTHCARE, INC. BY ENCOURAGING PHYSICIANS TO PROVIDE NEEDED MEDICAL SERVICES IN THE HOSPITAL'S SERVICE AREA AND BY OTHERWISE SUPPORTING THE NEEDS OF THE MEDICALLY UNDER-SERVED COMMUNITIES. HALLMARK HEALTH MEDICAL ASSOCATES' PROGRAM SERVICE REVENUE REPRESENTS NET FEES BILLED FOR PHYSICIAN SERVICES PROVIDED IN OBSTETRICS, GYNECOLOGY, INTERNAL MEDICINE, SURGERY, GASTROENTEROLOGY, FAMILY MEDICINE, ENDOCRINOLOGY, PULMONOLOGY, RADIATION ONCOLOGY, INFECTIOUS DISEASE, NEUROLOGY, AND NEUROSURGERY.

    Expenses $58,301,572 · Revenue $65,276,376

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Eleanor Moresco MD

    DIRECTOR

    Total calculated
    $133,011
    From this org
    $119,861
    From related orgs
    $0
    Other
    $13,150
    Hours/week
    40 + 3 related

  • Patricia Sereno MD

    PHYSICIAN/CHAIR

    Total calculated
    $368,932
    From this org
    $337,636
    From related orgs
    $0
    Other
    $31,296
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $298,921
    Bonus
    $25,587
    Other
    $13,128
    Deferred
    $5,604
    Nontaxable benefits
    $25,692
    Filer's total
    $368,932

  • William Wyman

    TREASURER/DIRECTOR

    Total calculated
    $609,096
    From this org
    $0
    From related orgs
    $503,114
    Other
    $105,982
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $420,049 related
    Bonus
    $0 + $30,472 related
    Other
    $0 + $52,593 related
    Deferred
    $0 + $87,362 related
    Nontaxable benefits
    $0 + $18,620 related
    Filer's total
    $0 + $609,096 related

  • Roy Epstein

    DIRECTOR

    Total calculated
    $351,681
    From this org
    $325,958
    From related orgs
    $0
    Other
    $25,723
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $287,512
    Bonus
    $35,592
    Other
    $2,854
    Deferred
    $8,096
    Nontaxable benefits
    $17,627
    Filer's total
    $351,681

  • Michael Deleo

    PRESIDENT/DIRECTOR

    Total calculated
    $491,020
    From this org
    $0
    From related orgs
    $445,201
    Other
    $45,819
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $418,730 related
    Bonus
    $0 + $26,010 related
    Other
    $0 + $461 related
    Deferred
    $0 + $22,349 related
    Nontaxable benefits
    $0 + $23,470 related
    Filer's total
    $0 + $491,020 related

  • Shannon Vaughan

    ASSISTANT SECRETARY

    Total calculated
    $92,213
    From this org
    $0
    From related orgs
    $75,485
    Other
    $16,728
    Hours/week
    1 + 39 related

  • Jeffrey McAllister

    SECRETARY

    Total calculated
    $224,771
    From this org
    $0
    From related orgs
    $221,209
    Other
    $3,562
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,962 related
    Bonus
    $0 + $7,050 related
    Other
    $0 + $197 related
    Deferred
    $0 + $3,315 related
    Nontaxable benefits
    $0 + $247 related
    Filer's total
    $0 + $224,771 related

  • Jennifer Wu MD

    PHYSICIAN

    Total calculated
    $913,677
    From this org
    $889,558
    From related orgs
    $0
    Other
    $24,119
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $527,049
    Bonus
    $356,483
    Other
    $6,026
    Deferred
    $9,434
    Nontaxable benefits
    $14,685
    Filer's total
    $913,677

  • Christopher Leung MD

    PHYSICIAN

    Total calculated
    $767,670
    From this org
    $756,599
    From related orgs
    $0
    Other
    $11,071
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $507,790
    Bonus
    $247,914
    Other
    $895
    Deferred
    $8,380
    Nontaxable benefits
    $2,691
    Filer's total
    $767,670

  • Gerald Daly

    PHYSICIAN

    Total calculated
    $940,056
    From this org
    $912,050
    From related orgs
    $0
    Other
    $28,006
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $624,974
    Bonus
    $286,453
    Other
    $623
    Deferred
    $4,442
    Nontaxable benefits
    $23,564
    Filer's total
    $940,056

  • Roshan Razik

    PHYSICIAN

    Total calculated
    $1,040,341
    From this org
    $1,008,058
    From related orgs
    $0
    Other
    $32,283
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $726,027
    Bonus
    $218,481
    Other
    $63,550
    Deferred
    $8,765
    Nontaxable benefits
    $23,518
    Filer's total
    $1,040,341

  • Jingli Ma

    PHYSICIAN

    Total calculated
    $649,135
    From this org
    $623,819
    From related orgs
    $0
    Other
    $25,316
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $406,565
    Bonus
    $200,568
    Other
    $16,686
    Deferred
    $1,924
    Nontaxable benefits
    $23,392
    Filer's total
    $649,135

  • Kelly Corbi

    FORMER DIRECTOR

    Total calculated
    $659,084
    From this org
    $0
    From related orgs
    $526,917
    Other
    $132,167
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $517,483 related
    Bonus
    $0
    Other
    $0 + $9,434 related
    Deferred
    $0 + $110,362 related
    Nontaxable benefits
    $0 + $21,805 related
    Filer's total
    $0 + $659,084 related

  • Michael Newman MD

    FORMER PRESIDENT/DIRECTOR

    Total calculated
    $1,304,359
    From this org
    $0
    From related orgs
    $1,181,998
    Other
    $122,361
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $764,441 related
    Bonus
    $0 + $58,125 related
    Other
    $0 + $359,432 related
    Deferred
    $0 + $105,682 related
    Nontaxable benefits
    $0 + $16,679 related
    Filer's total
    $0 + $1,304,359 related

  • Charles R Whipple Esq

    FORMER ASSISTANT CLERK

    Total calculated
    $219,724
    From this org
    $0
    From related orgs
    $163,145
    Other
    $56,579
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $109,321 related
    Bonus
    $0
    Other
    $0 + $53,824 related
    Deferred
    $0 + $48,454 related
    Nontaxable benefits
    $0 + $8,125 related
    Filer's total
    $0 + $219,724 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

  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
RELATED ORGANIZATION METHODS USED FOR COMPENSATION EXPLANATION - ANNUALLY, THE HUMAN RESOURCES COMMITTEE OF THE PARENT CORPORATION, MELROSEWAKEFIELD HEALTHCARE PARENT CORPORATION, AND THE HOSPITAL CORPORATION, MELROSEWAKEFIELD HEALTHCARE, INC., COMPRISED OF INDEPENDENT DIRECTORS REVIEW THE COMPENSATION OF THE PRESIDENT AND THE EXECUTIVE TEAM USING DATA FROM AN INDEPEDENT THIRD PARTY EVALUATION OF COMPARABLE COMPENSATION DATA TO ASSESS AND SET COMPENSATION. COMPENSATION IS PAID BY A RELATED CORPORATION.
PART I, LINE 4B
PART 1, LINE 4B: SECTION 457(F) RETIREMENT PLAN EMPLOYER DEFERRALS: MICHAEL NEWMAN: $97,138 CHARLES WHIPPLE: $44,923 WILLIAM WYMAN: $77,462 MICHAEL DELEO - $21,348 KELLY CORBI - $100,462

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MONTVALE PETCT LLC

    RELATED · CAT SCAN · DE

    Directly controlled by MELROSEWAKEFIELD HEALTHCARE INC

  • SHIELDS-TUFTS MEDICAL CENTER IMAGING MANAGEMENT LLC

    RELATED · MEDICAL SERVICES (MRI) · MA

    Directly controlled by TUFTS MEDICAL CENTER INC

Related corporations and trusts

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

  • HALLMARK HEALTH PHO INC

    C · PHYSICIAN HOSPITAL ORGANIZATION · MA

    Directly controlled by MELROSEWAKEFIELD HEALTHCARE INC

  • LAWRENCE MELROSE MEDICAL ELECTRONICS RECORD INC

    C · ELECTRONIC MEDICAL RECORDS · MA

    Directly controlled by MELROSEWAKEFIELD HEALTHCARE INC

  • LGH MANAGEMENT SERVICES INC

    C · MEDICAL SERVICES · MA · controlled entity

    Directly controlled by LGH SERVICES INC

  • LGH MEDICAL BUILDING SERVICES INC

    C · MEDICAL OFFICE BUILDING · MA · controlled entity

    Directly controlled by LGH SERVICES INC

  • LGH MEDICAL SERVICES INC

    C · MEDICAL SERVICES · MA · controlled entity

    Directly controlled by LGH SERVICES INC

  • LGH SERVICES INC

    C · MEDICAL SERVICES · MA · controlled entity

    Directly controlled by CIRCLE HEALTH INC

  • TUFTS MEDICINE INDEMNITY COMPANY LTD

    C · CAPTIVE INSURANCE · CJ · controlled entity

    Directly controlled by TUFTS MEDICAL CENTER INC

  • TMIN SERVICES INC

    C · HEALTH CARE · MA · controlled entity

    Directly controlled by TUFTS MEDICINE INTEGRATED NETWORK INC

Provenance

Return type
form_990
Tax year
2024
Filed
12 August 2026
IRS schema version
2024v5.5
Source object
202632259349301333

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