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Nonprofiteer
← COOPER UNIVERSITY HEALTH CAPE REGIONAL INC

Form 990 for tax year 2024

Filed by COOPER UNIVERSITY HEALTH CAPE REGIONAL INC.

Totals

Total revenue
$1,434,851
Total expenses
$1,211,528
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$10
Other revenue
$1,434,841
Total assets, end of year
$77,327,604
Total liabilities, end of year
$3,293,395
Net assets or fund balances, end of year
$74,034,209
Program services expenses (Part IX)
$878,534
Management and general expenses
$332,994
Fundraising expenses
$0
Program service expenses (Part III)
$878,534

Program services were 72.5% 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 $10 · excluded $10

  • 6a · Gross rents

    real property $1,559,756

  • 6b · Less rental expenses

    real property $124,915

  • 6c · Rental income or loss

    real property $1,434,841

  • 6d · Net rental income or loss

    total $1,434,841 · excluded $1,434,841

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $35,667 · program services $26,750 · management and general $8,917

  • 9 · Other employee benefits

    total $2,455 · program services $1,841 · management and general $614

  • 11a · Fees: management

    total $55,467 · program services $13,866 · management and general $41,601

  • 11c · Fees: accounting

    total $4,755 · program services $1,189 · management and general $3,566

  • 12 · Advertising and promotion

    total $2,364 · program services $1,773 · management and general $591

  • 16 · Occupancy

    total $194,425 · program services $145,819 · management and general $48,606

  • 20 · Interest

    total $90,880 · program services $68,160 · management and general $22,720

  • 22 · Depreciation, depletion and amortization

    total $496,909 · program services $372,682 · management and general $124,227

  • 23 · Insurance

    total $18,684 · program services $14,013 · management and general $4,671

  • 24a · Other expenses: LICENSE AND TAXES

    total $307,395 · program services $230,546 · management and general $76,849

  • 24e · All other expenses

    total $2,527 · program services $1,895 · management and general $632

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $135,020 · end of year $233,536

  • 2 · Savings and temporary cash investments

    beginning of year $31,443 · end of year $0

  • 4 · Accounts receivable

    beginning of year $4,394 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,608 · end of year $8,687

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

    $13,961,255

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

    $166,748

  • 10c · Land, buildings and equipment, net

    beginning of year $15,144,495 · end of year $13,794,507

  • 13 · Investments: program-related

    beginning of year $1,420,595

  • 14 · Intangible assets

    beginning of year $45,063

  • 15 · Other assets

    beginning of year $49,326,564 · end of year $63,290,874

  • 17 · Accounts payable and accrued expenses

    beginning of year $91,071 · end of year $88,585

  • 23 · Secured mortgages and notes payable

    beginning of year $3,230,720 · end of year $3,017,039

  • 25 · Other liabilities

    beginning of year $653,965 · end of year $187,771

  • 27 · Net assets without donor restrictions

    beginning of year $62,154,426 · end of year $74,034,209

Mission and programs · 2024

Mission

THE MISSION OF THE COOPER UNIVERSITY HEALTH CAPE REGIONAL, INC. IS TO CONTINUALLY DEVELOP AND OPERATE A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM WHICH INCLUDES COOPER UNIVERSITY HOSPITAL CAPE REGIONAL, INC.; AN INTERNAL REVENUE CODE SECTION 501(C)(3) TAX EXEMPT HOSPITAL ORGANIZATION THAT PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN, OR ABILITY TO PAY.

Activities or mission (Part I)

TO CONTINUALLY DEVELOP AND OPERATE A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM.

  • FUNCTIONING AS THE TAX-EXEMPT PARENT ORGANIZATION OF A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM WHICH INCLUDES COOPER UNIVERSITY HOSPITAL CAPE REGIONAL, INC.; AN INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXMPT OPRGANIZATION THAT PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, SEX, NATIONAL ORIGIN, OR ABILITY TO PAY.

    Expenses $878,534

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

Listed in Part VII

  • JOANNE CARROCINO FACHE

    TRUSTEE - PRESIDENT/CEO CRMC

    Total calculated
    $2,061,050
    From this org
    $0
    From related orgs
    $1,961,352
    Other
    $99,698
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $709,595 related
    Bonus
    $0
    Other
    $0 + $1,251,757 related
    Deferred
    $0 + $77,827 related
    Nontaxable benefits
    $0 + $21,871 related
    Filer's total
    $0 + $2,061,050 related

  • TOOBA FAYYAZ DO

    TRUSTEE - VP MEDICAL STAFF

    Total calculated
    $504,438
    From this org
    $0
    From related orgs
    $472,241
    Other
    $32,197
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $345,848 related
    Bonus
    $0 + $126,009 related
    Other
    $0 + $384 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $21,847 related
    Filer's total
    $0 + $504,438 related

  • RICHARD A MICHNER MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GARRY GILBERT

    CHAIRMAN - TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT A FINEBERG ESQ

    VICE CHAIRMAN - TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HENRY S BRZYSKI

    SECRETARY/TREASURER - TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RALPH AUTUORE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ELLEN KRAVET BURKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • THOMAS F DIERKES DO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARY ANNE FRANCISCO RN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HERBERT L HORNSBY JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PASTOR WILLIE JOHNSON JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SUZANNE WALTERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM WENZEL JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BILL YOH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 6b · Pay contingent on a related organization's net earnings

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

The filer's explanations (Part III)

PART I, LINE 4B
DURING THE CALENDAR YEAR, AN OFFICER PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE INDIVIDUAL LISTED BELOW HAD A PORTION OF THE CONTRIBUTION VEST IN THE PLAN IN THE CURRENT YEAR. SUCH VESTED CONTRIBUTION IS REPORTED AS TAXABLE COMPENSATION ON SCHEDULE J, PART II, COLUMN B(III), OTHER REPORTABLE COMPENSATION. JOANNE CARROCINO FACHE $1,188,572 THE DEFERRED COMPENSATION AMOUNT REPORTED IN SCHEDULE J, PART II, COLUMN C FOR THE FOLLOWING INDIVIDUAL INCLUDES UNVESTED BENEFITS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) WHICH IS SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. ACCORDINGLY, SHE MAY NEVER ACTUALLY RECEIVE THIS UNVESTED BENEFIT AMOUNT. THE AMOUNT OUTLINED HEREIN WAS NOT INCLUDED IN HER 2024 FORM W-2, BOX 5 AS TAXABLE MEDICARE WAGES: JOANNE CARROCINO, FACHE, $47,844.
PART I, LINE 6
THE DEFERRED COMPENSATION AMOUNT REPORTED IN SCHEDULE J, PART II, COLUMN C MAY INCLUDE ADDITIONAL CONTRIBUTIONS MADE BY COOPER UNIVERSITY HOSPITAL CAPE REGIONAL, INC. ("CRMC"); A RELATED INTERNAL REVENUE CODE 501(C)(3) TAX-EXEMPT ORGANIZATION, TO EMPLOYEES THAT PARTICIPATE IN THE CRMC INTERNAL REVENUE CODE SECTION 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN. ACCORDING TO ARTICLE 35 OF CRMC'S COLLECTIVE BARGAINING AGREEMENT, IF CRMC'S AUDITED INCOME FROM OPERATIONS AS REPORTED IN ITS AUDITED FINANCIAL STATEMENTS EXCEEDS CERTAIN THRESHOLDS OUTLINED IN THE COLLECTIVE BARGAINING AGREEMENT, CRMC WILL CONTRIBUTE ADDITIONAL FUNDS INTO EACH PARTICIPATING MEMBER'S INTERNAL REVENUE CODE SECTION 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN ACCOUNT.
PART I, LINE 7
CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2024. THESE AMOUNTS WERE INCLUDED IN COLUMN B(II) HEREIN AND IN EACH INDIVIDUAL'S 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543219349328844

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