Form 990 for tax year 2022

Totals

Total revenue

$1,059,746,501

Total expenses

$938,302,747

Contributions and grants received

$37,470,370

Grants paid

$96,877,491

Program service revenue

$982,682,908

Investment income

$16,868,807

Other revenue

$22,724,416

Total assets, end of year

$2,192,208,083

Total liabilities, end of year

$720,677,990

Net assets or fund balances, end of year

$1,471,530,093

Program services expenses (Part IX)

$727,683,338

Management and general expenses

$210,619,409

Fundraising expenses

$0

Program service expenses (Part III)

$727,683,338

Program services were 77.6% 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.

Mission and programs · 2022

• THE VALLEY HOSPITAL IN RIDGEWOOD, NEW JERSEY IS A FULLY ACCREDITED, ACUTE CARE, NOT-FOR-PROFIT HOSPITAL SERVING MORE THAN 460,000 PEOPLE IN 34 TOWNS IN BERGEN COUNTY AND ADJOINING COMMUNITIES. THE VALLEY HOSPITAL IS PART OF VALLEY HEALTH SYSTEM, A REGIONAL HEALTHCARE SYSTEM THAT SERVES RESIDENTS IN NORTHERN NEW JERSEY AND SOUTHERN NEW YORK. IT COMPRISES THE VALLEY HOSPITAL, VALLEY HOME CARE, AND VALLEY MEDICAL GROUP. AS A NOT-FOR-PROFIT HOSPITAL, VALLEY IS COMMITTED TO GIVING BACK TO THE COMMUNITY. VALLEY SERVES THE COMMUNITY BY PROVIDING THOUSANDS OF HOURS OF HEALTHCARE EDUCATION AND SCREENINGS, SUPPORT GROUPS AND CLASSES TO ASSIST THOSE IN NEED, AND CARE TO ALL THOSE WHO COME THROUGH OUR DOORS, REGARDLESS OF THEIR ABILITY TO PAY. VALLEY'S CURRENT LICENSED CAPACITY IS 431 BEDS. BERGEN COUNTY IS THE MOST POPULOUS COUNTY IN NEW JERSEY AND ONE OF THE WEALTHIEST COUNTIES IN THE UNITED STATES. THERE ARE 952,997 RESIDENTS IN THE 233.01 SQUARE MILES OF BERGEN COUNTY, NJ. THE POPULATION IS 52.7% WHITE AND NON-HISPANIC, 22.7% HISPANIC, 7.8% BLACK, AND 17.6% ASIAN. THE MEDIAN HOUSEHOLD INCOME IS $109,497. RESIDENTS ARE GENERALLY WELL-EDUCATED AND HAVE HIGHER GRADUATION RATES THAN NJ AS A WHOLE AND THE U.S. AS A WHOLE. THE VALLEY HOSPITAL EMPLOYS PEOPLE WHO REPRESENT AND LIVE IN THE COMMUNITIES WE SERVE. MORE THAN 3,600 EMPLOYEES CONSTITUTE THE VALLEY HOSPITAL.IN 2022, 52,081 INDIVIDUALS WERE ADMITTED TO VALLEY, 69,751 PEOPLE WERE TREATED IN THE EMERGENCY DEPARTMENT, AND A RECORD-BREAKING 4,049 BABIES WERE BORN. IN ADDITION TO ITS "CENTERS OF EXCELLENCE" IN CARDIAC/HEART FAILURE, DIABETES, ONCOLOGY, PULMONARY, GERIATRICS, TOTAL JOINT, AND NEUROVASCULAR, VALLEY ALSO OFFERS THE SERVICES OF A COMPREHENSIVE CANCER CENTER, CENTER FOR CHILDBIRTH, CENTER FOR MINIMALLY INVASIVE AND ROBOTIC SURGERY, A TOTAL JOINT REPLACEMENT CENTER, A NEUROSCIENCE CENTER, A CENTER FOR METABOLIC SURGERY AND WEIGHT-LOSS MANAGEMENT, A CENTER FOR SLEEP MEDICINE, THE GAMMA KNIFE CENTER, AND THE KIREKER CENTER FOR CHILD DEVELOPMENT, AMONG OTHERS. THE VALLEY HOSPITAL EMERGENCY DEPARTMENT (ED) HAS BEEN SELECTED AS A RECIPIENT OF THE PRESTIGIOUS LANTERN AWARD FROM THE EMERGENCY NURSES ASSOCIATION. VALLEY IS ONE OF ONLY 29 HOSPITALS NATIONWIDE, AND THE ONLY HOSPITAL IN BERGEN COUNTY, TO EARN THIS AWARD FOR 2022 AND IS THE FIRST AND ONLY HOSPITAL IN BERGEN COUNTY TO RECEIVE THIS RECOGNITION SINCE THE PROGRAM'S INCEPTION IN 2011. RECIPIENTS OF THE LANTERN AWARD DEMONSTRATE EXCEPTIONAL AND INNOVATIVE PERFORMANCE IN LEADERSHIP, PRACTICE, EDUCATION, ADVOCACY, AND RESEARCH. THE AWARD SHOWCASES VALLEY'S ACCOMPLISHMENTS IN INCORPORATING EVIDENCE-BASED PRACTICE INTO EMERGENCY CARE AND IS A SYMBOL OF OUR COMMITMENT TO QUALITY, SAFETY, AND A HEALTHY WORK ENVIRONMENT. THE VALLEY HOSPITAL HAS EARNED EXEMPLAR RECOGNITION FROM NURSES IMPROVING CARE FOR HEALTHSYSTEM ELDERS (NICHE). THIS DISTINCTION THE HIGHEST AVAILABLE FROM NICHE IS GIVEN TO HEALTHCARE ORGANIZATIONS THAT IMPLEMENT SUCCESSFUL, SYSTEM-WIDE INTERVENTIONS AND INITIATIVES FOCUSING ON THE CARE OF OLDER ADULTS. EXEMPLAR RECOGNITION IS A REFLECTION OF VALLEY'S COMMITMENT TO PROVIDING OLDER ADULTS WITH THE HIGHEST-QUALITY HEALTHCARE SERVICES. THE VALLEY HOSPITAL HAS ALSO RECEIVED THE 2022 TRAILBLAZER AWARD FROM NURSES IMPROVING CARE FOR HEALTHSYSTEM ELDERS (NICHE) AND THE ABIM FOUNDATION. THE AWARD RECOGNIZES CLINICAL TEAMS FOR THEIR EFFORTS TO IMPROVE THE QUALITY OF CARE FOR OLDER ADULTS EFFORTS THAT REDUCE UNNECESSARY TESTS AND TREATMENTS, PRIORITIZE PATIENT SAFETY, AND IMPROVE CARE COORDINATION. WITH ITS MOVE 2 IMPROVE PROGRAM, VALLEY IS INDEED A TRAILBLAZER IN ELDER CARE, USING AN INTERDISCIPLINARY APPROACH, BEST PRACTICES, AND CLINICAL EVIDENCE TO KEEP PATIENTS MOVING, SAFE, AND INDEPENDENT.VALLEY HEALTH PRIMETIME WAS CREATED TO HELP OLDER ADULTS STAY HEALTHY BY TEACHING THEM GOOD HEALTH AND PROVIDING OPPORTUNITIES TO REMAIN SOCIALLY ACTIVE. IN 2022, VALLEY HEALTH PRIMETIME OFFERED 33 FREE, VIRTUAL PROGRAMS TO 1,397 OLDER ADULTS. EACH YEAR, VALLEY DINING PREPARES OVER 23,000 MEALS FOR COMMUNITY MEALS, INC., AND FINANCIAL RESOURCES TO SUPPORT HOMEBOUND OLDER ADULTS IN VALLEY'S SERVICE AREA.VALLEY'S COMMUNITY CARE CLINIC HAD 5,018 VISITS IN 2022. THEY PROVIDE CARE AT NO COST TO THE PATIENTS WHO QUALIFY IN 16 (MEDICAL, NEUROLOGY, GI, GENERAL SURGERY, BREAST SURGERY, RHEUMATOLOGY, OPHTHALMOLOGY, GYN, OB, PEDIATRICS, PULMONARY, CARDIOLOGY, PAIN, DERMATOLOGY, ORTHOPEDICS, AND UROLOGY) SPECIALTY CLINICS. THEY CONTINUE TO PROVIDE CARE TO CHILDREN IN FOSTER CARE IN BERGEN AND PASSAIC COUNTIES THAT REQUIRE COMPLEX MEDICAL AND SUBSPECIALTY CARE. THE VALLEY HOSPITAL HAS ONCE AGAIN BEEN AWARDED THE LGBTQ+ HEALTHCARE EQUALITY LEADER DESIGNATION BY THE HUMAN RIGHTS CAMPAIGN (HRC) FOUNDATION, EARNING A TOP SCORE FOR ITS LGBTQ-INCLUSIVE POLICIES AND PRACTICES. THE HEALTHCARE EQUALITY INDEX STRIVES TO ENSURE LGBTQ+ PEOPLE ARE PROTECTED AND AFFIRMED BY THEIR HEALTHCARE PROVIDERS AND FEEL SAFE SEEKING SERVICES. HEI ACTIVE PARTICIPANTS ARE RECOGNIZED FOR IMPLEMENTING ROBUST, COMPREHENSIVE LGBTQ+ INCLUSIVE POLICIES THAT HOPEFULLY, BECAUSE OF THEIR WORK, BECOME STANDARD PRACTICE. VALLEY WORKS WITH LOCAL PARTNERS TO PROMOTE INCLUSIVITY AND EQUALITY. 135 COMMUNITY MEMBERS ATTENDED EDUCATION PROGRAMS ON TRANSGENDER HEALTH AND A LOCAL PRIDE CELEBRATION, WHERE VALLEY WAS A SPONSOR.VALLEY'S SOCIAL EQUALITY COUNCIL IS DEVELOPING INITIATIVES AND PROGRAMS THAT ENCOURAGE SAFETY AND EQUAL ACCESS TO ALL OPPORTUNITIES, SO THAT EVERYONE CAN LEAD A HEALTHY AND FULFILLED LIFE, REGARDLESS OF AN INDIVIDUAL'S BACKGROUND, ETHNICITY, OR RACE. BY COLLABORATING WITH AREA ORGANIZATIONS, VALLEY IS ABLE TO WORK WITH UNDERSERVED POPULATIONS TO HELP MEET THE ACCESS TO CARE NEEDS AND CONNECT INDIVIDUALS TO RESOURCES. OVER 1,162 EMPLOYEES ATTENDED A "WHAT CAUSES INEQUALITY?" TRAINING CLASS. HAVING ALL EMPLOYEES PARTICIPATE IN THIS TRAINING IS A MEANINGFUL COMPONENT OF THE STEPS VALLEY IS TAKING TO CREATE AN ENVIRONMENT WHERE EMPLOYEES FEEL SAFE AND RESPECTED FOR WHO THEY ARE, AND TO IMPROVE OUR STAFF'S UNDERSTANDING OF ISSUES RELATED TO RACE AND EQUALITY. VALLEY ALSO CONTINUES OUR COMMITMENT TO COMBAT SOCIAL INJUSTICE BY DIVERSIFYING OUR SUPPLIER NETWORK.VALLEY PARTNERED WITH BERGEN COMMUNITY COLLEGE TO CELEBRATE BLACK HISTORY MONTH WITH TWO PROGRAMS THAT ENCOURAGE SAFETY AND EQUAL ACCESS TO ALL. PATHWAYS, PIPELINES, PREPARATION, AND PARTICIPATION IN STEM FEATURED A PANEL OF EXPERTS DISCUSSING THE IMPORTANCE OF PEOPLE OF COLOR IN HEALTH AND STEM CAREERS. EXPLORING BETTER HEALTH IN THE BLACK COMMUNITY ADDRESSED HEALTH DISPARITIES IN THE BIPOC COMMUNITY. OTHER HEALTH PROGRAMS INCLUDED SINGLE MOTHER BY CHOICE AND HYPERTENSION AND KIDNEY DISEASE IN THE BLACK POPULATION. VALLEY PARTICIPATED IN THREE HEALTHCARE CAREER EXHIBITIONS CALLED "WHO MAKES UP A HOSPITAL? AND TWO FIRST RESPONDER EVENTS AT THE BOYS & GIRLS CLUBS OF PATERSON AND PASSAIC AND THE PATERSON STEAM HIGH SCHOOL. ADDITIONALLY, VALLEY PHYSICIANS WERE INVITED TO JERSEY CITY PUBLIC SCHOOLS TO DISCUSS DIFFERENT HEALTHCARE CAREERS AND CAREER PATHS.THE RIDGEWOOD ACADEMY FOR HEALTH PROFESSIONS (RAHP) IS A PARTNERSHIP BETWEEN VALLEY, RIDGEWOOD HIGH SCHOOL, AND BERGEN COMMUNITY COLLEGE. THIS THREE-YEAR PROGRAM BEGAN IN 2005 AND HAS GRADUATED OVER 500 STUDENTS INTERESTED IN PURSUING CAREERS IN HEALTHCARE. DURING THE STUDENT'S FIRST YEAR, TERMED THEIR "EXPLORATION YEAR," STUDENTS VISIT THREE FULL-DAY SESSIONS LEARNING ABOUT DIFFERENT DEPARTMENTS IN THE HEALTHCARE SETTING. THE SECOND YEAR CONCENTRATES ON AREAS OF INTEREST THE STUDENTS WOULD LIKE TO FURTHER INVESTIGATE. DURING THE STUDENT'S THIRD YEAR, TERMED THEIR "MENTORSHIP YEAR," STUDENTS CHOOSE ONE HEALTH-RELATED ISSUE TO EXPLORE UNDER THE GUIDANCE OF A MENTOR AND PREPARE A CAPSTONE PROJECT. VALLEY HAS ALREADY HIRED THREE NURSES, TWO SOCIAL WORKERS, AN IMAGING TECH, AND AN ADMINISTRATOR WHO ARE ALL GRADUATES OF RAHP.COMMUNITY EDUCATION CLASSES WERE ORIGINALLY DESIGNED AS IN-PERSON SESSIONS, BUT WHEN THE PANDEMIC HIT, THE COMMUNITY HEALTH DEPARTMENT TRANSITIONED TO OFFERING CLASSES VIRTUALLY. OVER 15,256 PEOPLE PARTICIPATED IN LIVE, FREE EDUCATION PROGRAMS IN PERSON AND VIRTUALLY IN 2022. AN ADDITIONAL 68,898 PEOPLE PARTICIPATED IN RECORDED VERSIONS ON VALLEY'S WEBSITE IN 2022. VALLEY LAUNCHED "CONVERSATIONS LIKE NO OTHER" AUDIO PODCAST THAT GOES BEYOND THE CONVENTIONAL AND EVERYDAY HEALTH TOPICS TO GO DEEPER INTO THE PERSONAL ISSUES FACING MEN, WOMEN, AND CHILDREN OF ALL AGES. IN 2022, OVER 630 PEOPLE LISTENED TO THE VARIETY OF EPISODES.LIFESTYLES, OUR WORLD-CLASS HEALTH AND FITNESS CENTER, FEATURES THREE POOLS AND THE LATEST STRENGTH AND CARDIO EQUIPMENT. THE TEAM OF HIGHLY EXPERIENCED AND DEGREED HEALTH PROFESSIONALS DESIGN PROGRAMMING TO MEET THE WELLNESS NEEDS OF PEOPLE OF ALL AGES.VALLEY HEALTH LIFESTYLES HOSTED A "NOBODY FIGHTS ALONE" FUNDRAISER TO FIGHT AGAINST BREAST CANCER AND HONOR FORMER EMPLOYEE AND FRIEND, CHRISSY FLATT.

  Expenses $727,683,338 · Grants $96,877,491 · Revenue $983,101,933

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

• VALLEY PHYSICIAN SERVICES INC

  $96,532,031

  GENERAL SUPPORT

• VALLEY HEALTH SYSTEM

  $118,540

  GENERAL SUPPORT

• BERGEN VOLUNTEER MEDICAL INITIATIVE

  $25,000

  GENERAL SUPPORT

• US UKRAINE FOUNDATION

  $25,000

  GENERAL SUPPORT

• FAMILY PROMISE OF BERGEN COUNTY

  $20,000

  GENERAL SUPPORT

• BOROUGH OF PARAMUS

  $15,500

  GENERAL SUPPORT

• PONY POWER THERAPIES INC

  $15,000

  GENERAL SUPPORT

• MAHWAH REGIONAL CHAMBER OF COMMERCE INC

  $12,175

  GENERAL SUPPORT

• CHILDREN'S AID & FAMILY SERVICES INC

  $11,000

  GENERAL SUPPORT

• AMERICAN CANCER SOCIETY

  $10,500

  GENERAL SUPPORT

The 10 largest by cash amount. The API serves every itemized grant.

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.

• THE VALLEY HOSPITAL FOUNDATION INC

  501(C)(3) · SOLICITS AND RECEIVES CONTRIBUTIONS FOR THE BENEFIT OF HEALTH SYSTEM · NJ

  Directly controlled by VALLEY HEALTH SYSTEM INC

• VALLEY HEALTH SYSTEM INC

  501(C)(3) · PROVIDES MANAGEMENT & PLANNING SERVICES FOR ITS MEMBERS · NJ

• VALLEY HOME CARE INC

  501(C)(3) · PROVIDES REHABILITATION VISITS AND HOME HEALTH AIDS VISITS TO PATIENTS · NJ

  Directly controlled by VALLEY HEALTH SYSTEM INC

• VALLEY MEDICAL SERVICES PC

  501(C)(3) · PROVIDE PRIMARY AND SPECIALTY MEDICAL CARE · NJ

  Directly controlled by VALLEY PHYSICIAN SERVICES INC

• VALLEY PHYSICIAN SERVICE NY PC

  501(C)(3) · OPERATES URGENT/PRIMARY CARE CLINICS · NJ

  Directly controlled by VALLEY PHYSICIAN SERVICES INC

• VALLEY PHYSICIAN SERVICES INC

  501(C)(3) · PROVIDES MEDICAL CARE TO CARRYOUT THE PURPOSE OF THE VALLEY HEALTH SYSTEM · NJ · controlled entity

  Directly controlled by THE VALLEY HOSPITAL INC

• VALLEY PHYSICIANS SERVICES PC

  501(C)(3) · PROVIDE PRIMARY AND SPECIALTY MEDICAL CARE · NJ

  Directly controlled by VALLEY PHYSICIAN SERVICES INC

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.

Provenance

Return type

form_990

Tax year

2022

Filed

12 November 2023

IRS schema version

2022v5.0

Source object

202313169349300881

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.