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Nonprofiteer
← ONE BROOKLYN HEALTH SYSTEM INC

Form 990 for tax year 2023

Filed by ONE BROOKLYN HEALTH SYSTEM INC.

Totals

Total revenue
$112,735,553
Total expenses
$5,252
Contributions and grants received
$112,735,553
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$208,979,332
Total liabilities, end of year
$74,069,487
Net assets or fund balances, end of year
$134,909,845
Program services expenses (Part IX)
$0
Management and general expenses
$5,252
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

  • 1f · All other contributions, gifts and grants

    $112,735,553

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $5,252 · management and general $5,252

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,227,696 · end of year $5,543,589

  • 9 · Prepaid expenses and deferred charges

    beginning of year $337,888 · end of year $337,888

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

    $203,097,855

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $142,458,524 · end of year $203,097,855

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,535,836 · end of year $28,321,707

  • 19 · Deferred revenue

    beginning of year $41,846,360 · end of year $45,747,780

  • 27 · Net assets without donor restrictions

    beginning of year -$25,654,630 · end of year $84,641,912

  • 28 · Net assets with donor restrictions

    beginning of year $110,296,542 · end of year $50,267,933

Mission and programs · 2023

Mission

ONE BROOKLYN HEALTH SYSTEM, INC. (THE SYSTEM), WAS FORMED IN OCTOBER 2016, AS A CHARITABLE CORPORATION ORGANIZED UNDER THE NOT-FOR-PROFIT CORPORATION LAW OF THE STATE OF NEW YORK. AMONG ITS PURPOSES, THE SYSTEM WAS FORMED TO FOSTER AND PROMOTE WELLNESS AND GENERAL HEALTH OF THE PEOPLE OF BROOKLYN, NEW YORK BY SUPPORTING AND FACILTATING THE INTEGRATION AND COODINATION OF CARE THROUGH PROMOTING AND ADVANCING RELATIONSHIPS BETWEEN HEALTHCARE INSTITUTIONS AND HEALTHCARE PROVIDERS IN BROOKLYN AND THE COMMUNITIES THEY SERVE.

  • ONE BROOKLYN HEALTH SYSTEM, INC. (THE SYSTEM), WAS FORMED IN OCTOBER 2016, AS A CHARITABLE CORPORATION ORGANIZED UNDER THE NOT-FOR-PROFIT CORPORATION LAW OF THE STATE OF NEW YORK. AMONG ITS PURPOSES, THE SYSTEM WAS FORMED TO FOSTER AND PROMOTE WELLNESS AND GENERAL HEALTH OF THE PEOPLE OF BROOKLYN, NEW YORK BY SUPPORTING AND FACILTATING THE INTEGRATION AND COODINATION OF CARE THROUGH PROMOTING AND ADVANCING RELATIONSHIPS BETWEEN HEALTHCARE INSTITUTIONS AND HEALTHCARE PROVIDERS IN BROOKLYN AND THE COMMUNITIES THEY SERVE.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alex Rovt

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related
  • Anthony Clemenza Sr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related
  • Bishop R C Hugh Nelson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related
  • Dr Joseph Cuiffo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related
  • Edna Wells-Handy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related
  • Henna White

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related
  • Hope Mason

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related
  • Mark Shelton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related
  • Maurice A Reid

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related
  • Michael Irwin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related
  • Michael L Nairne

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related
  • Michael Scagnelli

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related
  • Nusin Shtern

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related
  • Rabbi Aryeh Katzin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related
  • Rev Waterman

    VICE-CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related
  • Richard E Green

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related
  • Victor Ayala

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related
  • Dr Sofia Novak

    TRUSTEE FROM 05/19/23

    Total calculated
    $0
    Hours/week
    0.05 + 0.95 related
  • Laray Brown

    CEO OBHS & PRESIDENT & CEO - 12/31/23

    Total calculated
    $1,259,778
    From this org
    $0
    From related orgs
    $1,245,178
    Other
    $14,600
    Hours/week
    0.05 + 45.35 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,244,560 related
    Bonus
    $0
    Other
    $0 + $618 related
    Deferred
    $0 + $11,550 related
    Nontaxable benefits
    $0 + $3,050 related
    Filer's total
    $0 + $1,259,778 related
  • Michelle Figueroa

    CFO - STARTED 7/10/23

    Total calculated
    $301,376
    From this org
    $0
    From related orgs
    $300,222
    Other
    $1,154
    Hours/week
    0.05 + 45.35 related

    Schedule J breakdown matched by us

    Base
    $0 + $299,412 related
    Bonus
    $0
    Other
    $0 + $810 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,154 related
    Filer's total
    $0 + $301,376 related
  • John Schmitt

    INTERIM CFO - THROUGH 7/10/23

    Total calculated
    $769,511
    From this org
    $0
    From related orgs
    $705,999
    Other
    $63,512
    Hours/week
    0.05 + 45.35 related

    Schedule J breakdown matched by us

    Base
    $0 + $700,107 related
    Bonus
    $0
    Other
    $0 + $5,892 related
    Deferred
    $0 + $11,550 related
    Nontaxable benefits
    $0 + $51,962 related
    Filer's total
    $0 + $769,511 related
  • Reginald Bullock

    GENERAL COUNSEL - ASSISTANT SECRETARY

    Total calculated
    $499,247
    From this org
    $0
    From related orgs
    $427,903
    Other
    $71,344
    Hours/week
    0.05 + 45.35 related

    Schedule J breakdown matched by us

    Base
    $0 + $424,822 related
    Bonus
    $0
    Other
    $0 + $3,081 related
    Deferred
    $0 + $11,550 related
    Nontaxable benefits
    $0 + $59,794 related
    Filer's total
    $0 + $499,247 related
  • Dr Sandra Scott

    EXE. DIR.-OBH & INTERIM CEO FROM 1/1/24

    Total calculated
    $708,028
    From this org
    $0
    From related orgs
    $640,074
    Other
    $67,954
    Hours/week
    0.05 + 45.35 related

    Schedule J breakdown matched by us

    Base
    $0 + $637,752 related
    Bonus
    $0
    Other
    $0 + $2,322 related
    Deferred
    $0 + $11,550 related
    Nontaxable benefits
    $0 + $56,404 related
    Filer's total
    $0 + $708,028 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.

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.

Related corporations and trusts

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

  • BROOKDALE RX

    C · RETAIL PHARMACY · NY

  • INTERFAITH EMERGENCY MEDICINE PC

    C · PHYSICIAN BILLING · NY

  • INTERFAITH PROFESSIONAL PHYSICIAN SVC PC

    C · PHYSICIAN BILLING · NY

  • INTERFAITH PSYCHIATRY SERVICES PC

    C · PHYSICIAN BILLING · NY

  • SMILE BROOKLYN DENTAL PC

    C · PHYSICIAN BILLING · NY

  • KSI INC

    C · INACTIVE · NY

  • SINGULAB INC

    C · INACTIVE · DE

  • ATM NURSE REGISTRY

    C · INACTIVE · NY

  • KINGSBROOK LTACH INC

    C · INACTIVE · NY

  • KINGSBROOK MEDICAL ASSOCIATES PC

    C · BILLING & COLLECTION · NY

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433199349313763

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