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← LONG BEACH MEDICAL CENTER C/O LORI LAPIN JONES ESQ PLAN ADMIN

Form 990 for tax year 2023

Filed by LONG BEACH MEDICAL CENTER C/O LORI LAPIN JONES ESQ PLAN ADMIN.

Totals

Total revenue
$1,343
Total expenses
$179,703
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$1
Other revenue
$1,342
Total assets, end of year
$359,940
Total liabilities, end of year
$71,885,717
Net assets or fund balances, end of year
-$71,525,777
Program services expenses (Part IX)
$0
Management and general expenses
$179,703
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $1 · excluded $1

  • 11a · Other revenue: OTHER INCOME

    total $1,342 · excluded $1,342

  • 11e · Other revenue, total

    $1,342

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $30,478 · management and general $30,478

  • 11b · Fees: legal

    total $106,005 · management and general $106,005

  • 11c · Fees: accounting

    total $21,760 · management and general $21,760

  • 11g · Fees: other

    total $5,836 · management and general $5,836

  • 23 · Insurance

    total $1,597 · management and general $1,597

  • 24a · Other expenses: BANKRUPTCY SETTLEMENTS

    total $14,027 · management and general $14,027

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,068,150 · end of year $359,940

  • 2 · Savings and temporary cash investments

    beginning of year $106,642 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,499,182 · end of year $17,862,690

  • 23 · Secured mortgages and notes payable

    beginning of year $1,458,115 · end of year $1,458,115

  • 25 · Other liabilities

    beginning of year $23,791,989 · end of year $52,564,912

  • 27 · Net assets without donor restrictions

    beginning of year -$42,574,494 · end of year -$71,525,777

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

THE FUNDAMENTAL MISSION OF LONG BEACH MEDICAL CENTER WAS TO PROVIDE HIGH QUALITY SERVICES TO MEET THE NEEDS OF THE COMMUNITIES OF LONG BEACH, LIDO BEACH, POINT LOOKOUT, ATLANTIC BEACH, ISLAND PARK AND OTHER NEIGHBORING COMMUNITIES. TO THE RESIDENTS OF THESE COMMUNITIES, AND TO OTHERS NEEDING HEALTH SERVICES, LONG BEACH MEDICAL CENTER PROVIDED A BROAD RANGE OF SERVICES, INCLUDING ACUTE CARE, LONG TERM CARE, HOME CARE AND AMBULATORY CARE CONSISTENT WITH THE NEEDS OF THE COMMUNITY AND THE CAPACITY OF THE INSTITUTION TO MEET THOSE NEEDS.

Activities or mission (Part I)

PRIOR TO HURRICANE SANDY IN OCTOBER 2012, LONG BEACH MEDICAL CENTER WAS A 162 BED HOSPITAL WITH A RANGE OF SERVICES INCLUDING ROUTINE FAMILY HEALTH CARE, EMERGENCY SERVICES, MEDICAL SURGICAL SERVICES, AND EXTENSIVE REHABILITATION FACILITIES. FOLLOWING HURRICANE SANDY, LONG BEACH MEDICAL CENTER DISCONTINUED INPATIENT SERVICES.

  • FOLLOWING HURRICANE SANDY IN OCTOBER 2012, LONG BEACH MEDICAL CENTER CEASED PROVIDING INPATIENT SERVICES AND OUTPATIENT SERVICES. THE BANKRUPTCY COURT HAS CONFIRMED A PLAN OF LIQUIDATION UNDER CHAPTER 11 OF THE BANKRUPTCY CODE. THE EFFECTIVE DATE OF THE PLAN IS OCTOBER 3, 2017.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lori Lapin Jones Esq

    PLAN ADMINISTRATOR

    Total calculated
    $61,086
    From this org
    $30,478
    From related orgs
    $30,608
    Other
    $0
    Hours/week
    3 + 3 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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
31 July 2024
IRS schema version
2023v5.1
Source object
202442139349300029

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