Skip to content
Nonprofiteer
← COOPER UNIVERSITY HEALTH CAPE REGIONAL INC

Form 990 for tax year 2022

Filed by COOPER UNIVERSITY HEALTH CAPE REGIONAL INC.

Totals

Total revenue
$38,985
Total expenses
$1,628
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$88,184
Other revenue
-$49,199
Total assets, end of year
$59,772,296
Total liabilities, end of year
$3,992,891
Net assets or fund balances, end of year
$55,779,405
Program services expenses (Part IX)
$0
Management and general expenses
$1,628
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% 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.

  • 3 · Investment income

    total $88,184 · excluded $88,184

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

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $1,428,282

  • 6b · Less rental expenses

    real property $1,477,481

  • 6c · Rental income or loss

    real property -$49,199 · personal property $0

  • 6d · Net rental income or loss

    total -$49,199 · excluded -$49,199

  • 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 $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 -$10,500 · management and general -$10,500

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $175 · program services $0 · management and general $175 · fundraising $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 $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $11,953 · management and general $11,953

  • 23 · Insurance

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $899,138 · end of year $353,666

  • 2 · Savings and temporary cash investments

    beginning of year $31,381 · end of year $31,412

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $4,353 · end of year $4,354

  • 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 $14,228 · end of year $23,486

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

    $19,784,297

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

    $4,815,856

  • 10c · Land, buildings and equipment, net

    beginning of year $14,674,630 · end of year $14,968,441

  • 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 $2,080,190 · end of year $1,712,625

  • 14 · Intangible assets

    beginning of year $53,175 · end of year $48,668

  • 15 · Other assets

    beginning of year $38,887,750 · end of year $42,629,644

  • 17 · Accounts payable and accrued expenses

    beginning of year $83,955 · end of year $86,003

  • 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 $3,641,270 · end of year $3,438,956

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $594,809 · end of year $467,932

  • 27 · Net assets without donor restrictions

    beginning of year $52,324,811 · end of year $55,779,405

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

THE MISSION OF CAPE REGIONAL HEALTH SYSTEM, INC. IS TO CONTINUALLY DEVELOP AND OPERATE A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM WHICH INCLUDES CAPE REGIONAL MEDICAL CENTER, INC.; AN INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT HOSPITAL ORGANIZATION THAT PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O.

Activities or mission (Part I)

TO CONTINUALLY DEVELOP AND OPERATE A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM.

  • EXPENSES INCURRED IN FUNCTIONING AS THE TAX-EXEMPT PARENT ORGANIZATION OF A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM WHICH INCLUDES CAPE REGIONAL MEDICAL CENTER, INC.; AN INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION THAT PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES to all individuals IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joanne Carrocino Fache

    TRUSTEE - PRESIDENT/CEO CRMC

    Total calculated
    $922,606
    From this org
    $0
    From related orgs
    $853,045
    Other
    $69,561
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $695,595 related
    Bonus
    $0 + $111,683 related
    Other
    $0 + $45,767 related
    Deferred
    $0 + $48,816 related
    Nontaxable benefits
    $0 + $20,745 related
    Filer's total
    $0 + $922,606 related

  • Samir Shaikh MD

    TRUSTEE

    Total calculated
    $542,238
    From this org
    $0
    From related orgs
    $475,589
    Other
    $66,649
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $364,472 related
    Bonus
    $0 + $110,776 related
    Other
    $0 + $341 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $57,499 related
    Filer's total
    $0 + $542,238 related

  • Richard A Michner MD

    TRUSTEE

    Total calculated
    $2,500
    From this org
    $0
    From related orgs
    $2,500
    Other
    $0
    Hours/week
    1

  • Richard Werman Do

    TRUSTEE

    Total calculated
    $2,500
    From this org
    $0
    From related orgs
    $2,500
    Other
    $0
    Hours/week
    1

  • Garry Gilbert

    CHAIRMAN - TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert A Fineberg Esq

    VICE CHAIRMAN - TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Henry S Brzyski

    SECRETARY/TREASURER - TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ralph Autuore

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ellen Kravet Burke

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Thomas F Dierkes Do

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mary Ann Francisco RN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Herbert L Hornsby Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Pastor Willie Johnson Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Barbara St Clair

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Suzanna Walters

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William Wenzel Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bill Yoh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I; QUESTION 4B
THE DEFERRED COMPENSATION AMOUNT REPORTED IN SCHEDULE J, PART II, COLUMN C FOR THE FOLLOWING INDIVIDUAL INCLUDES UNVESTED BENEFITS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) WHICH IS SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. ACCORDINGLY, SHE MAY NEVER ACTUALLY RECEIVE THIS UNVESTED BENEFIT AMOUNT. THE AMOUNT OUTLINED HEREIN WAS NOT INCLUDED IN HER 2022 FORM W-2, BOX 5 AS TAXABLE MEDICARE WAGES: JOANNE CARROCINO, FACHE, $45,356.
SCHEDULE J, PART I; QUESTION 6B
THE DEFERRED COMPENSATION AMOUNT REPORTED IN SCHEDULE J, PART II, COLUMN C MAY INCLUDE ADDITIONAL CONTRIBUTIONS MADE BY CAPE REGIONAL MEDICAL CENTER ("CRMC"); A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, TO EMPLOYEES THAT PARTICIPATE IN THE CRMC INTERNAL REVENUE CODE SECTION 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN. ACCORDING TO ARTICLE 35 OF CRMC'S COLLECTIVE BARGAINING AGREEMENT, IF CRMC'S AUDITED INCOME FROM OPERATIONS AS REPORTED IN ITS AUDITED FINANCIAL STATEMENTS EXCEEDS CERTAIN THRESHOLDS OUTLINED IN THE COLLECTIVE BARGAINING AGREEMENT, CRMC WILL CONTRIBUTE ADDITIONAL FUNDS INTO EACH PARTICIPATING MEMBER'S INTERNAL REVENUE CODE SECTION 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN ACCOUNT.
SCHEDULE J, PART I; QUESTION 7
CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2022 WHICH AMOUNTS WERE INCLUDED IN COLUMN B(II) HEREIN AND IN EACH INDIVIDUAL'S 2022 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION BY PERSON BY AMOUNT.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CAPE REGIONAL HOLDINGS LLC

    REAL ESTATE · NJ · income $1,428,371 · assets $15,308,869

    Directly controlled by CRHS

Related partnerships

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

  • CRPT MGMT SVCS LLC

    MANAGEMENT SVCS. · NJ

    Directly controlled by NA

  • CR MIRACLES

    FITNESS CENTER · NJ

    Directly controlled by NA

Related corporations and trusts

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

  • CAPE REGIONAL HEALTH ENTERPRISES INC

    C CORP. · HEALTHCARE MGMT. · NJ · 100% owned · share of income $2,294,750 · share of assets $3,252,966 · controlled entity

    Directly controlled by CRHS

  • CAPE CARDIOLOGY ASSOCIATES INC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • CAPE IMAGING SERVICES

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • CAPE PHYSICIAN ASSOCIATES PA

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303189349307650

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.