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Nonprofiteer
← YALE-NEW HAVEN MEDICAL CENTER INC

Form 990 for tax year 2024

Filed by YALE-NEW HAVEN MEDICAL CENTER INC.

Totals

Total revenue
$4,028,874
Total expenses
$2,958,418
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,944,568
Investment income
$84,306
Other revenue
$0
Total assets, end of year
$12,315,751
Total liabilities, end of year
$3,721,596
Net assets or fund balances, end of year
$8,594,155
Program services expenses (Part IX)
$2,907,562
Management and general expenses
$50,856
Fundraising expenses
$0
Program service expenses (Part III)
$2,907,562

Program services were 98.3% 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: RENTAL INCOME

    total $3,944,568 · related or exempt $3,944,568

  • 3 · Investment income

    total $84,306 · excluded $84,306

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $135,564 · program services $116,974 · management and general $18,590

  • 9 · Other employee benefits

    total $67,552 · program services $62,189 · management and general $5,363

  • 10 · Payroll taxes

    total $10,369 · program services $8,948 · management and general $1,421

  • 11c · Fees: accounting

    total $25,482 · management and general $25,482

  • 13 · Office expenses

    total $3,704 · program services $3,704

  • 16 · Occupancy

    total $2,156,807 · program services $2,156,807

  • 22 · Depreciation, depletion and amortization

    total $558,940 · program services $558,940

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $6,253,997 · end of year $3,502,103

  • 4 · Accounts receivable

    beginning of year $454,654 · end of year $788,550

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

    $13,172,222

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

    $5,147,124

  • 10c · Land, buildings and equipment, net

    beginning of year $5,976,231 · end of year $8,025,098

  • 17 · Accounts payable and accrued expenses

    beginning of year $770,839 · end of year $15,375

  • 25 · Other liabilities

    beginning of year $4,390,344 · end of year $3,706,221

  • 27 · Net assets without donor restrictions

    beginning of year $7,523,699 · end of year $8,594,155

Mission and programs · 2024

Mission

YALE NEW HAVEN MEDICAL CENTER, INC. WAS ESTABLISHED TO BENEFIT, PERFORM THE FUNCTIONS OF, CARRY OUT THE PURPOSES OF, AND UPHOLD, PROMOTE, AND FURTHER THE WELFARE, PROGRAMS AND ACTIVITIES OF YALE NEW HAVEN HOSPITAL AND YALE UNIVERSITY.

Activities or mission (Part I)

SEE SCHEDULE O.

  • THE FILING ORGANIZATION MANAGES REAL ESTATE PROPERTIES FOR THE BENEFIT OF YALE NEW HAVEN HOSPITAL, INC. AND YALE UNIVERSITY - SCHOOL OF MEDICINE.

    Expenses $2,907,562 · Revenue $3,944,568

As filed on the 2024 return.

Listed in Part VII

  • Joseph Schlosser

    PRESIDENT & DIRECTOR

    Total calculated
    $242,766
    From this org
    $0
    From related orgs
    $175,424
    Other
    $67,342
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $174,924 related
    Bonus
    $0 + $500 related
    Other
    $0
    Deferred
    $0 + $19,426 related
    Nontaxable benefits
    $0 + $47,916 related
    Filer's total
    $0 + $242,766 related

  • Keith Tandler

    TREASURER & DIRECTOR

    Total calculated
    $805,736
    From this org
    $0
    From related orgs
    $678,044
    Other
    $127,692
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $505,873 related
    Bonus
    $0 + $124,888 related
    Other
    $0 + $47,283 related
    Deferred
    $0 + $96,150 related
    Nontaxable benefits
    $0 + $31,542 related
    Filer's total
    $0 + $805,736 related

  • Jessica Caponigro

    SECRETARY & DIRECTOR

    Total calculated
    $281,868
    From this org
    $0
    From related orgs
    $218,925
    Other
    $62,943
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,925 related
    Bonus
    $0 + $5,000 related
    Other
    $0
    Deferred
    $0 + $23,504 related
    Nontaxable benefits
    $0 + $39,439 related
    Filer's total
    $0 + $281,868 related

  • Joseph Caruso

    CHAIRMAN & DIRECTOR

    Total calculated
    $389,580
    From this org
    $0
    From related orgs
    $334,175
    Other
    $55,405
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $267,357 related
    Bonus
    $0 + $53,705 related
    Other
    $0 + $13,113 related
    Deferred
    $0 + $24,927 related
    Nontaxable benefits
    $0 + $30,478 related
    Filer's total
    $0 + $389,580 related

  • Stephen Carbery

    FORMER CHAIRMAN & DIRECTOR

    Total calculated
    $475,609
    From this org
    $0
    From related orgs
    $475,609
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $475,609 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $475,609 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)

PART I, LINE 3
THE FILING ORGANIZATION DOES NOT HAVE AND/OR COMPENSATE ITS OWN CEO/EXECUTIVE DIRECTOR. THESE POSITIONS ARE FILLED BY EMPLOYEES OF A RELATED ORGANIZATION(S) AND COMPENSATED THROUGH THE RESPECTIVE RELATED ORGANIZATION(S). THE METHOD USED BY THE RELATED ORGANIZATION(S) FOR DETERMINING COMPENSATION FOR THESE INDIVIDUALS ARE: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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
2024
Filed
12 August 2026
IRS schema version
2024v5.5
Source object
202602269349300720

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