Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $155,975

• 1e · Government grants (contributions)

  $1,754,742

• 1f · All other contributions, gifts and grants

  $616,305

• 2a · Program service revenue: Patient Service Revenue

  total $489,675,819 · related or exempt $489,675,819

• 2b · Program service revenue: Miscellaneous Revenue

  total $29,812,578 · related or exempt $29,064,401 · excluded $748,177

• 2c · Program service revenue: Contracted Services Revenue

  total $3,579,061 · related or exempt $3,579,061

• 2d · Program service revenue: Provision for Bad Debts

  total -$9,512,430 · related or exempt -$9,512,430

• 2e · Program service revenue: Contractual Allowances/Charity Ca

  total -$309,728,569 · related or exempt -$309,728,569

• 3 · Investment income

  total $63,861 · excluded $63,861

• 6a · Gross rents

  real property $207,464

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $207,464

• 6d · Net rental income or loss

  total $207,464 · excluded $207,464

• 7a · Gross sales of assets other than inventory

  other assets $20,553

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

  other assets $0

• 7c · Gain or loss

  other assets $20,553

• 7d · Net gain or loss

  total $20,553 · excluded $20,553

• 8a · Fundraising events: gross income

  $11,040

• 8a · Fundraising events: contributions included on line 1c

  $155,975

• 8b · Fundraising events: direct expenses

  $47,494

• 8c · Net income from fundraising events

  total -$36,454 · excluded -$36,454

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,976,947 · management and general $1,976,947

• 7 · Other salaries and wages

  total $73,852,286 · program services $70,383,011 · management and general $3,184,640 · fundraising $284,635

• 8 · Pension plan contributions

  total $1,560,398 · program services $1,470,813 · management and general $83,637 · fundraising $5,948

• 9 · Other employee benefits

  total $8,285,276 · program services $7,790,645 · management and general $463,125 · fundraising $31,506

• 10 · Payroll taxes

  total $5,313,093 · program services $4,939,118 · management and general $354,001 · fundraising $19,974

• 11b · Fees: legal

  total $548,203 · management and general $548,203

• 11c · Fees: accounting

  total $208,147 · management and general $208,147

• 11g · Fees: other

  total $63,271,706 · program services $62,066,285 · management and general $1,161,231 · fundraising $44,190

• 12 · Advertising and promotion

  total $21,713 · program services $21,175 · management and general $518 · fundraising $20

• 13 · Office expenses

  total $623,245 · program services $607,803 · management and general $14,876 · fundraising $566

• 14 · Information technology

  total $277,679 · program services $270,799 · management and general $6,628 · fundraising $252

• 16 · Occupancy

  total $6,104,795 · program services $5,953,537 · management and general $145,713 · fundraising $5,545

• 17 · Travel

  total $93,594 · program services $91,275 · management and general $2,234 · fundraising $85

• 19 · Conferences, conventions and meetings

  total $159,141 · program services $155,198 · management and general $3,798 · fundraising $145

• 20 · Interest

  total $997,623 · program services $958,998 · management and general $38,625

• 22 · Depreciation, depletion and amortization

  total $5,234,046 · program services $5,188,758 · management and general $45,288

• 23 · Insurance

  total $1,551,241 · program services $1,512,806 · management and general $37,026 · fundraising $1,409

• 24a · Other expenses: Medical Supplies

  total $19,675,423 · program services $19,675,423 · management and general $0 · fundraising $0

• 24b · Other expenses: HSN Assessment

  total $12,311,504 · program services $12,311,504

• 24c · Other expenses: Miscellaneous Expense

  total $2,387,491 · program services $2,328,336 · management and general $56,986 · fundraising $2,169

• 24d · Other expenses: Allocations

  total -$2,744,922 · program services -$2,630,593 · management and general -$64,384 · fundraising -$49,945

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $158 · end of year $201

• 2 · Savings and temporary cash investments

  beginning of year $12,418,920 · end of year $9,611,389

• 4 · Accounts receivable

  beginning of year $18,355,883 · end of year $27,654,645

• 8 · Inventories for sale or use

  beginning of year $1,870,142 · end of year $1,285,100

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,374,876 · end of year $1,285,942

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

  $137,866,181

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

  $90,738,884

• 10c · Land, buildings and equipment, net

  beginning of year $54,758,452 · end of year $47,127,297

• 12 · Investments: other securities

  end of year $275,809

• 14 · Intangible assets

  beginning of year $3,056,228

• 15 · Other assets

  beginning of year $2,033,741 · end of year $1,757,357

• 17 · Accounts payable and accrued expenses

  beginning of year $52,242,093 · end of year $32,408,784

• 19 · Deferred revenue

  beginning of year $1,762,754 · end of year $1,104,420

• 20 · Tax-exempt bond liabilities

  beginning of year $52,590,000 · end of year $39,610,581

• 24 · Unsecured notes and loans payable

  end of year $5,250,000

• 25 · Other liabilities

  beginning of year $8,397,387 · end of year $10,204,658

• 27 · Net assets without donor restrictions

  beginning of year -$26,592,341 · end of year -$2,972,309

• 28 · Net assets with donor restrictions

  beginning of year $5,468,507 · end of year $3,391,606

The filer's explanations (Part III)

Part I, Line 7

Heywood Healthcare has an incentive (bonus) program for senior administration, directors, and managers that is a predefined percentage of their annual salary. The incentive program is structured on the financial health of the organization as well other indicators based surrounding leadership level.

Related partnerships

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

• Shields Imaging at Heywood Healthcare LLC

  Imaging Services · MA