Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $97,604

• 1e · Government grants (contributions)

  $4,129

• 1f · All other contributions, gifts and grants

  $0

• 2a · Program service revenue: OFFICE/STAFF APT RENTAL

  total $61,656,758 · related or exempt $61,656,758

• 2b · Program service revenue: OFFICE/STAFF APT PARKING

  total $3,810,135 · related or exempt $3,810,135

• 2c · Program service revenue: HOTEL RENTAL

  total $517,034 · related or exempt $517,034

• 3 · Investment income

  total $2,526,374 · excluded $2,526,374

• 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

• 7a · Gross sales of assets other than inventory

  securities $18,043,352

• 7b · Less cost or other basis and sales expenses

  securities $18,250,604

• 7c · Gain or loss

  securities -$207,252

• 7d · Net gain or loss

  total -$207,252 · excluded -$207,252

• 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

• 11a · Other revenue: LAUNDRY INCOME

  total $18,110 · related or exempt $18,110

• 11e · Other revenue, total

  $18,110

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 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 $629,729 · management and general $629,729

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $281,909 · program services $281,909

• 8 · Pension plan contributions

  total $0

• 9 · Other employee benefits

  total $71,578 · program services $71,578

• 10 · Payroll taxes

  total $67,852 · program services $21,452 · management and general $46,400

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $0

• 11c · Fees: accounting

  total $52,295 · management and general $52,295

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $2,033,982 · program services $2,033,982

• 12 · Advertising and promotion

  total $0

• 13 · Office expenses

  total $53,163 · program services $53,163

• 14 · Information technology

  total $0

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $51,487,288 · program services $51,487,288

• 17 · Travel

  total $0 · management and general $0

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $0

• 20 · Interest

  total $607,934 · program services $607,934

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $3,114,524 · program services $3,114,524

• 23 · Insurance

  total $0

• 24a · Other expenses: INTERCOMP PURCHASED SERVICES

  total $3,071,925 · program services $3,071,925

• 24b · Other expenses: LICENSES AND TAXES

  total $1,250,638 · program services $1,249,018 · management and general $1,620

• 24c · Other expenses: REPAIR AND MAINTENANCE

  total $952,353 · program services $952,353

• 24d · Other expenses: RENT EXPENSES

  total $153,124 · program services $153,124

• 24e · All other expenses

  total $43,313 · program services $42,720 · management and general $593

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,959,388 · end of year $4,128,649

• 2 · Savings and temporary cash investments

  beginning of year $0 · end of year $0

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $1,386,197 · end of year $2,074,117

• 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 $5,539,068 · end of year $5,482,508

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

  $103,611,863

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

  $66,539,200

• 10c · Land, buildings and equipment, net

  beginning of year $37,443,228 · end of year $37,072,663

• 11 · Investments: publicly traded securities

  beginning of year $66,804,370 · end of year $63,200,596

• 12 · Investments: other securities

  beginning of year $28,161,334 · end of year $23,286,378

• 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 $450,291,819 · end of year $423,787,849

• 17 · Accounts payable and accrued expenses

  beginning of year $4,804,889 · end of year $3,317,292

• 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 $235,294 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $484,732,129 · end of year $459,809,242

• 27 · Net assets without donor restrictions

  beginning of year $105,813,092 · end of year $95,906,226

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

Schedule J, Part I, Line 4A

Lisa Goldstein, former Executive Vice President & Chief Operating Officer, received severance pay of $571,474, which is included in Schedule J, Part II, Column (B)(III). Severance payments began January 2021 and ended June 2022.

SCHEDULE J, PART I, LINE 5B

Certain Employed Physicians listed on Part VII, Section A, Line 1A receive compensation in part, based on professional service generated from services they personally performed in their individual practices. In 2022, no Physician was paid compensation contingent upon the organization's overall revenue or net earnings.

SCHEDULE J, PART I, LINE 6B

Performance based incentive awards are paid to officers and key employees based on a number of important quality, satisfaction, efficiency, and financial measures, of which achieving budget is a factor.

Related partnerships

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

• HSS ASC OF MANHATTAN LLC

  N/A · HEALTH CARE · NY

  Directly controlled by NA

• HSS WESTSIDE ASC LLC

  N/A · HEALTH CARE · NY

  Directly controlled by NA

• HSS-FL PHYSICIANS LLC

  N/A · HEALTH CARE · FL

  Directly controlled by NA

Related corporations and trusts

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

• MEDICAL INDEMNITY ASSURANCE COMPANY LTD

  C CORP · SELF-INDEMNITY · CJ · controlled entity

  Directly controlled by NA

• HSS VENTURES

  C CORP · HLTH CARE SERVICE · NY · controlled entity

  Directly controlled by NA