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Nonprofiteer
← METROPOLITAN MEDICAL PRACTICE PLAN PC

Form 990 for tax year 2023

Filed by METROPOLITAN MEDICAL PRACTICE PLAN PC.

Totals

Total revenue
$26,011,628
Total expenses
$22,643,073
Contributions and grants received
$263,646
Grants paid
$0
Program service revenue
$25,747,982
Investment income
$0
Other revenue
$0
Total assets, end of year
$18,352,173
Total liabilities, end of year
$10,353,745
Net assets or fund balances, end of year
$7,998,428
Program services expenses (Part IX)
$22,635,573
Management and general expenses
$7,500
Fundraising expenses
$0
Program service expenses (Part III)
$22,635,573

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $263,646

  • 2a · Program service revenue: FACULTY PRACTICE PLAN

    total $25,747,982 · related or exempt $25,747,982

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $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 $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 $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 $7,500 · management and general $7,500

  • 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 $55,873 · program services $55,873

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: CONTRACTED SERVICES

    total $20,481,809 · program services $20,481,809

  • 24b · Other expenses: BILLING SERVICES

    total $1,454,550 · program services $1,454,550

  • 24c · Other expenses: OVERHEAD

    total $287,400 · program services $287,400

  • 24d · Other expenses: PHYSICIAN EXCELLENCE FUNDS

    total $150,000 · program services $150,000

  • 24e · All other expenses

    total $205,941 · program services $205,941

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,669,658 · end of year $5,596,306

  • 2 · Savings and temporary cash investments

    end of year $750,000

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $5,950,025 · end of year $12,005,867

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $845,835 · end of year $858,284

  • 25 · Other liabilities

    beginning of year $5,143,975 · end of year $9,495,461

  • 27 · Net assets without donor restrictions

    beginning of year $3,076,846 · end of year $7,124,407

  • 28 · Net assets with donor restrictions

    beginning of year $1,553,027 · end of year $874,021

Mission and programs · 2023

Mission

OUR MISSION IS TO BE THE CLINICAL SERVICE PROVIDER AT METROPOLITAN HOSPITAL.

  • CLINICAL SERVICES PROVIDER

    Expenses $22,635,573 · Revenue $25,747,982

As filed on the 2023 return.

Listed in Part VII

  • HUSSEIN MATARI MD

    Director

    Total calculated
    $807,828
    From this org
    $0
    From related orgs
    $723,898
    Other
    $83,930
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $723,898 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $52,500 related
    Nontaxable benefits
    not reported + $31,430 related
    Filer's total
    not reported + $807,828 related

  • MICHAEL GIRSHIN MD

    Director

    Total calculated
    $691,387
    From this org
    $0
    From related orgs
    $590,870
    Other
    $100,517
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $590,870 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $52,500 related
    Nontaxable benefits
    not reported + $48,017 related
    Filer's total
    not reported + $691,387 related

  • VANI DANDOLU MD

    Secretary / VP

    Total calculated
    $610,274
    From this org
    $0
    From related orgs
    $509,757
    Other
    $100,517
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $509,757 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $52,500 related
    Nontaxable benefits
    not reported + $48,017 related
    Filer's total
    not reported + $610,274 related

  • MARC WALLACK MD

    Treasurer

    Total calculated
    $601,811
    From this org
    $0
    From related orgs
    $555,805
    Other
    $46,006
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $555,805 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $30,000 related
    Nontaxable benefits
    not reported + $16,006 related
    Filer's total
    not reported + $601,811 related

  • ANJNA GANATRA MD

    Director

    Total calculated
    $525,715
    From this org
    $0
    From related orgs
    $425,198
    Other
    $100,517
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $425,198 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $52,500 related
    Nontaxable benefits
    not reported + $48,017 related
    Filer's total
    not reported + $525,715 related

  • JOSEPH MATTANA MD

    Director

    Total calculated
    $490,507
    From this org
    $0
    From related orgs
    $433,341
    Other
    $57,166
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $433,341 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $25,736 related
    Nontaxable benefits
    not reported + $31,430 related
    Filer's total
    not reported + $490,507 related

  • RAYMOND WONG MD

    Director

    Total calculated
    $479,037
    From this org
    $0
    From related orgs
    $378,520
    Other
    $100,517
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $378,520 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $52,500 related
    Nontaxable benefits
    not reported + $48,017 related
    Filer's total
    not reported + $479,037 related

  • GREGORY ALMOND MD

    Director

    Total calculated
    $467,365
    From this org
    $0
    From related orgs
    $398,859
    Other
    $68,506
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $398,859 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $52,500 related
    Nontaxable benefits
    not reported + $16,006 related
    Filer's total
    not reported + $467,365 related

  • JOHN DEGLIUOMINI MD

    Director

    Total calculated
    $450,099
    From this org
    $0
    From related orgs
    $404,093
    Other
    $46,006
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $404,093 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $30,000 related
    Nontaxable benefits
    not reported + $16,006 related
    Filer's total
    not reported + $450,099 related

  • GERALD MATTHEWS MD

    Director

    Total calculated
    $425,502
    From this org
    $0
    From related orgs
    $367,792
    Other
    $57,710
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $367,792 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $9,693 related
    Nontaxable benefits
    not reported + $48,017 related
    Filer's total
    not reported + $425,502 related

  • ASHRAF ELSHAFEI MD

    Director

    Total calculated
    $411,340
    From this org
    $0
    From related orgs
    $349,329
    Other
    $62,011
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $349,329 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $30,000 related
    Nontaxable benefits
    not reported + $32,011 related
    Filer's total
    not reported + $411,340 related

  • AUGUSTA BELMONTE MD

    Director

    Total calculated
    $392,327
    From this org
    $0
    From related orgs
    $364,104
    Other
    $28,223
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $364,104 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $26,913 related
    Nontaxable benefits
    not reported + $1,310 related
    Filer's total
    not reported + $392,327 related

  • BIJAN SAFAI MD

    Director

    Total calculated
    $384,395
    From this org
    $0
    From related orgs
    $324,675
    Other
    $59,720
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $324,675 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $11,703 related
    Nontaxable benefits
    not reported + $48,017 related
    Filer's total
    not reported + $384,395 related

  • MAHRUKH BAMJI MD

    President

    Total calculated
    $374,999
    From this org
    $0
    From related orgs
    $322,499
    Other
    $52,500
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $322,499 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $52,500 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $374,999 related

  • VINCENT CAPANELLI MD

    Director

    Total calculated
    $351,985
    From this org
    $0
    From related orgs
    $313,479
    Other
    $38,506
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $313,479 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $22,500 related
    Nontaxable benefits
    not reported + $16,006 related
    Filer's total
    not reported + $351,985 related

  • SHOBHANA CHAUDHARI MD

    Director

    Total calculated
    $344,499
    From this org
    $0
    From related orgs
    $298,493
    Other
    $46,006
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $298,493 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $30,000 related
    Nontaxable benefits
    not reported + $16,006 related
    Filer's total
    not reported + $344,499 related

  • ANDRE BROUMAS MD

    Director

    Total calculated
    $152,418
    From this org
    $0
    From related orgs
    $143,929
    Other
    $8,489
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $143,929 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $8,489 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $152,418 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541349349307604

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