Form 990 for tax year 2022
Filed by NORTH BRONX FACULTY PRACTICE CORPORATION.
Totals
- Total revenue
- $21,611,103
- Total expenses
- $24,261,737
- Contributions and grants received
- $0
- Grants paid
- $3,000
- Program service revenue
- $21,608,183
- Investment income
- $2,920
- Other revenue
- $0
- Total assets, end of year
- $11,430,770
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $11,430,770
- Program services expenses (Part IX)
- $24,221,424
- Management and general expenses
- $40,313
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $24,221,424
Program services were 99.8% 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: FEE FOR SERVICE REVENUE
total $20,116,440 · related or exempt $20,116,440
-
2b · Program service revenue: HEALTH & HOSPITALIZATION
total $1,473,928 · related or exempt $1,473,928
-
2c · Program service revenue: RESEARCH FUND
total $17,815 · related or exempt $17,815
-
3 · Investment income
total $2,920 · unrelated business $0 · excluded $2,920
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,000 · program services $3,000
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,608 · program services $1,608
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: FPP DISTRIBUTION
total $21,357,122 · program services $21,357,122
-
24b · Other expenses: PHYCARE BILLING
total $1,878,187 · program services $1,878,187
-
24c · Other expenses: PLAN DEDUCTION
total $1,012,375 · program services $972,812 · management and general $39,563
-
24d · Other expenses: GRAD/AWARD CEREMONIES
total $2,810 · program services $2,810
-
24e · All other expenses
total $6,635 · program services $5,885 · management and general $750
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $14,073,933 · end of year $6,797,188
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $171,226
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
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
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $7,471 · end of year $7,471
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $4,454,885
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $14,081,404 · end of year $11,430,770
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
TO PROVIDE MEDICAL SERVICES AT JACOBI MEDICAL CENTER AND NORTH CENTRAL BRONX HOSPITAL.
-
BRONX FACULTY PRACTICE CORPORATION PROVIDES MEDICAL SERVICES AT JACOBI MEDICAL CENTER AND NORTH CENTRAL BRONX HOSPITAL.
Expenses $24,208,121 · Revenue $21,590,368
-
RESEARCH FUND
Expenses $13,303 · Revenue $17,815
As filed on the 2022 return.
Listed in Part VII
-
Leonard Golden MDLEONARD GOLDEN MD
DIRECTOR
- Total calculated
- $840,477
- From this org
- $0
- From related orgs
- $765,708
- Other
- $74,769
- Hours/week
- 0.12 + 57 related
Schedule J breakdown matched by us
- Base
- $0 + $708,037 related
- Bonus
- $0 + $53,481 related
- Other
- $0 + $4,190 related
- Deferred
- $0 + $30,500 related
- Nontaxable benefits
- $0 + $44,269 related
- Filer's total
- $0 + $840,477 related
-
Orlando Ortiz MDORLANDO ORTIZ MD
DIRECTOR
- Total calculated
- $822,740
- From this org
- $0
- From related orgs
- $762,443
- Other
- $60,297
- Hours/week
- 0.12 + 47 related
Schedule J breakdown matched by us
- Base
- $0 + $707,782 related
- Bonus
- $0 + $52,681 related
- Other
- $0 + $1,980 related
- Deferred
- $0 + $30,500 related
- Nontaxable benefits
- $0 + $29,797 related
- Filer's total
- $0 + $822,740 related
-
John McNelis MDJOHN MCNELIS MD
DIRECTOR
- Total calculated
- $801,773
- From this org
- $0
- From related orgs
- $742,205
- Other
- $59,568
- Hours/week
- 0.12 + 41 related
Schedule J breakdown matched by us
- Base
- $0 + $682,704 related
- Bonus
- $0 + $53,481 related
- Other
- $0 + $6,020 related
- Deferred
- $0 + $30,500 related
- Nontaxable benefits
- $0 + $29,068 related
- Filer's total
- $0 + $801,773 related
-
Robert Faillace MDROBERT FAILLACE MD
DIRECTOR
- Total calculated
- $705,339
- From this org
- $0
- From related orgs
- $645,771
- Other
- $59,568
- Hours/week
- 0.12 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $583,100 related
- Bonus
- $0 + $54,281 related
- Other
- $0 + $8,390 related
- Deferred
- $0 + $30,500 related
- Nontaxable benefits
- $0 + $29,068 related
- Filer's total
- $0 + $705,339 related
-
Jeremy D Sperling MDJEREMY D SPERLING MD
DIRECTOR
- Total calculated
- $652,556
- From this org
- $0
- From related orgs
- $577,787
- Other
- $74,769
- Hours/week
- 0.12 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $522,816 related
- Bonus
- $0 + $54,281 related
- Other
- $0 + $690 related
- Deferred
- $0 + $30,500 related
- Nontaxable benefits
- $0 + $44,269 related
- Filer's total
- $0 + $652,556 related
-
Daryl Wieland MDDARYL WIELAND MD
DIRECTOR
- Total calculated
- $645,272
- From this org
- $0
- From related orgs
- $569,822
- Other
- $75,450
- Hours/week
- 0.12 + 43 related
Schedule J breakdown matched by us
- Base
- $0 + $512,641 related
- Bonus
- $0 + $54,281 related
- Other
- $0 + $2,900 related
- Deferred
- $0 + $30,500 related
- Nontaxable benefits
- $0 + $44,950 related
- Filer's total
- $0 + $645,272 related
-
Nrupen Baxi MD
DIRECTOR
- Total calculated
- $575,409
- From this org
- $0
- From related orgs
- $501,302
- Other
- $74,107
- Hours/week
- 0.12 + 33 related
Schedule J breakdown matched by us
- Base
- $0 + $456,157 related
- Bonus
- $0 + $42,545 related
- Other
- $0 + $2,600 related
- Deferred
- $0 + $30,500 related
- Nontaxable benefits
- $0 + $43,607 related
- Filer's total
- $0 + $575,409 related
-
Edward E Conway Jr MDEDWARD E CONWAY JR MD
DIRECTOR
- Total calculated
- $548,386
- From this org
- $0
- From related orgs
- $487,634
- Other
- $60,752
- Hours/week
- 0.12 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $430,343 related
- Bonus
- $0 + $53,481 related
- Other
- $0 + $3,810 related
- Deferred
- $0 + $30,500 related
- Nontaxable benefits
- $0 + $30,252 related
- Filer's total
- $0 + $548,386 related
-
Joshua Moskovitz MDJOSHUA MOSKOVITZ MD
DIRECTOR thru 7/1/22
- Total calculated
- $490,410
- From this org
- $0
- From related orgs
- $416,924
- Other
- $73,486
- Hours/week
- 0.12 + 42 related
Schedule J breakdown matched by us
- Base
- $0 + $360,133 related
- Bonus
- $0 + $54,281 related
- Other
- $0 + $2,510 related
- Deferred
- $0 + $30,500 related
- Nontaxable benefits
- $0 + $42,986 related
- Filer's total
- $0 + $490,410 related
-
Maryann J Popiel MDMARYANN J POPIEL MD
DIRECTOR
- Total calculated
- $489,404
- From this org
- $0
- From related orgs
- $444,460
- Other
- $44,944
- Hours/week
- 0.12 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $387,589 related
- Bonus
- $0 + $52,681 related
- Other
- $0 + $4,190 related
- Deferred
- $0 + $30,500 related
- Nontaxable benefits
- $0 + $14,444 related
- Filer's total
- $0 + $489,404 related
-
Frederick Nagel MDFREDERICK NAGEL MD
DIRECTOR
- Total calculated
- $469,082
- From this org
- $0
- From related orgs
- $395,656
- Other
- $73,426
- Hours/week
- 0.12 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $341,075 related
- Bonus
- $0 + $54,281 related
- Other
- $0 + $300 related
- Deferred
- $0 + $30,500 related
- Nontaxable benefits
- $0 + $42,926 related
- Filer's total
- $0 + $469,082 related
-
Vimala Ramasamy MDVIMALA RAMASAMY MD
DIRECTOR
- Total calculated
- $457,388
- From this org
- $0
- From related orgs
- $380,830
- Other
- $76,558
- Hours/week
- 0.12 + 42 related
Schedule J breakdown matched by us
- Base
- $0 + $319,590 related
- Bonus
- $0 + $60,523 related
- Other
- $0 + $717 related
- Deferred
- $0 + $30,500 related
- Nontaxable benefits
- $0 + $46,058 related
- Filer's total
- $0 + $457,388 related
-
Peter Kim MDPETER KIM MD
VICE PRESIDENT
- Total calculated
- $445,884
- From this org
- $0
- From related orgs
- $380,322
- Other
- $65,562
- Hours/week
- 0.12
Schedule J breakdown matched by us
- Base
- $0 + $349,943 related
- Bonus
- $0 + $28,481 related
- Other
- $0 + $1,898 related
- Deferred
- $0 + $28,001 related
- Nontaxable benefits
- $0 + $37,561 related
- Filer's total
- $0 + $445,884 related
-
Shellyann Sharpe MDSHELLYANN SHARPE MD
DIRECTOR
- Total calculated
- $411,112
- From this org
- $0
- From related orgs
- $367,474
- Other
- $43,638
- Hours/week
- 0.12 + 42 related
Schedule J breakdown matched by us
- Base
- $0 + $313,153 related
- Bonus
- $0 + $53,781 related
- Other
- $0 + $540 related
- Deferred
- $0 + $29,469 related
- Nontaxable benefits
- $0 + $14,169 related
- Filer's total
- $0 + $411,112 related
-
Stephen Apfelroth MDSTEPHEN APFELROTH MD
DIRECTOR
- Total calculated
- $387,328
- From this org
- $0
- From related orgs
- $317,997
- Other
- $69,331
- Hours/week
- 0.12 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $261,578 related
- Bonus
- $0 + $52,681 related
- Other
- $0 + $3,738 related
- Deferred
- $0 + $26,405 related
- Nontaxable benefits
- $0 + $42,926 related
- Filer's total
- $0 + $387,328 related
-
Stephen Blumberg MDSTEPHEN BLUMBERG MD
PRESIDENT
- Total calculated
- $384,909
- From this org
- $0
- From related orgs
- $316,019
- Other
- $68,890
- Hours/week
- 0.12 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $259,164 related
- Bonus
- $0 + $54,281 related
- Other
- $0 + $2,574 related
- Deferred
- $0 + $25,964 related
- Nontaxable benefits
- $0 + $42,926 related
- Filer's total
- $0 + $384,909 related
-
Michelle Stern MDMICHELLE STERN MD
DIRECTOR
- Total calculated
- $382,767
- From this org
- $0
- From related orgs
- $339,501
- Other
- $43,266
- Hours/week
- 0.12 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $283,930 related
- Bonus
- $0 + $54,281 related
- Other
- $0 + $1,290 related
- Deferred
- $0 + $28,455 related
- Nontaxable benefits
- $0 + $14,811 related
- Filer's total
- $0 + $382,767 related
-
Elana Sydney MDELANA SYDNEY MD
DIRECTOR
- Total calculated
- $360,552
- From this org
- $0
- From related orgs
- $306,048
- Other
- $54,504
- Hours/week
- 0.12 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $244,538 related
- Bonus
- $0 + $60,820 related
- Other
- $0 + $690 related
- Deferred
- $0 + $25,159 related
- Nontaxable benefits
- $0 + $29,345 related
- Filer's total
- $0 + $360,552 related
-
Stephen Factor MDSTEPHEN FACTOR MD
DIRECTOR
- Total calculated
- $332,438
- From this org
- $0
- From related orgs
- $280,712
- Other
- $51,726
- Hours/week
- 0.12 + 31 related
Schedule J breakdown matched by us
- Base
- $0 + $223,810 related
- Bonus
- $0 + $52,681 related
- Other
- $0 + $4,221 related
- Deferred
- $0 + $22,658 related
- Nontaxable benefits
- $0 + $29,068 related
- Filer's total
- $0 + $332,438 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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 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)
- SCHEDULE J, PART I, LINE 3:
- THE TOP MANAGEMENT OFFICIAL IS COMPENSATED BY PHYSICIAN AFFILIATE GROUP OF NEW YORK, P.C. ("PAGNY"), AN AFFILIATED 501(C)(3) ORGANIZATION, WHICH HAS ESTABLISHED THE COMPENSATION USING: - FORM 990 OF OTHER ORGANIZATION - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD THE BOARD OF DIRECTORS OF NORTH BRONX FACULTY PRACTICE CORPORATION DO NOT RECEIVE COMPENSATION AS OFFICERS OF THE ORGANIZATION; THEY RECEIVE COMPENSATION AS EMPLOYEES OF PAGNY PURSUANT TO AN AFFILIATION AGREEMENT BETWEEN PAGNY AND NYC HEALTH + HOSPITALS, WHICH IS A PUBLIC BENEFIT CORPORATION. PAGNY CONDUCTS SURVEYS OF EXECUTIVE COMPENSATION TO COMPARE MARKET DATA OF SIMILAR ORGANIZATIONS TO RECOMMEND SALARIES FOR THE CEO AND OTHER TOP MANAGEMENT OFFICIALS. THE CEO'S SALARY IS DETERMINED BY THE PAGNY BOARD OF DIRECTORS.
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.
-
PHYSICIAN AFFILIATE GROUP OF NY PC
501(C)(3) · MEDICAL SVCS · NY
Directly controlled by NA
-
PAGNY HEALTH AND RESEARCH FOUNDATION
501(C)(3) · FUNDRAISING · NY
Directly controlled by PAGNY
-
CONEY ISLAND MEDICAL PRACTICE PLAN PC
501(c)(3) · medical svcs · NY
Directly controlled by PAGNY
-
DOWNTOWN BRONX MEDICAL ASSOCIATES PC
501(C)(3) · MEDICAL SVCS · NY
Directly controlled by PAGNY
-
501(C)(3) · MEDICAL SVCS · NY
Directly controlled by PAGNY
-
METROPOLITAN MEDICAL PRACTICE PLAN PC
501(C)(3) · MEDICAL SVCS · NY
Directly controlled by PAGNY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421369349309162
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