Skip to content
Nonprofiteer
← BON SECOURS CHARITY HEALTH SYSTEM INC

Form 990 for tax year 2024

Filed by BON SECOURS CHARITY HEALTH SYSTEM INC.

Totals

Total revenue
$11,727,282
Total expenses
$1,209,134
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$11,559,523
Other revenue
$167,759
Total assets, end of year
$151,283,487
Total liabilities, end of year
$253,377,369
Net assets or fund balances, end of year
-$102,093,882
Program services expenses (Part IX)
$1,209,134
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,209,134

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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $11,503,689 · related or exempt $0 · unrelated business $0 · excluded $11,503,689

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

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $167,759 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $167,759 · personal property $0

  • 6d · Net rental income or loss

    total $167,759 · related or exempt $0 · unrelated business $0 · excluded $167,759

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $55,834

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $55,834

  • 7d · Net gain or loss

    total $55,834 · related or exempt $0 · unrelated business $0 · excluded $55,834

  • 8a · Fundraising events: gross income

    $0

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

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11g · Fees: other

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

  • 13 · Office expenses

    total -$596,394 · program services -$596,394 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total -$6,622,733 · program services -$6,622,733 · management and general $0 · fundraising $0

  • 20 · Interest

    total $1,631,317 · program services $1,631,317

  • 22 · Depreciation, depletion and amortization

    total $6,375,201 · program services $6,375,201 · management and general $0 · fundraising $0

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $416,441 · program services $416,441 · management and general $0 · fundraising $0

  • 24b · Other expenses: PURCHASED SERVICES

    total $5,302 · program services $5,302 · management and general $0 · fundraising $0

  • 24e · All other expenses

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

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,619,983 · end of year $7,023,533

  • 2 · Savings and temporary cash investments

    beginning of year $7,241 · end of year $10,156

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $523,418 · end of year $587,770

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

    $84,171,891

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

    $1,634,370

  • 10c · Land, buildings and equipment, net

    beginning of year $6,538,980 · end of year $82,537,521

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $74,468,964 · end of year $61,124,507

  • 17 · Accounts payable and accrued expenses

    beginning of year $87,267,101 · end of year $107,251,232

  • 19 · Deferred revenue

    beginning of year $2,132,947 · end of year $1,832,300

  • 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 $104,954,254 · end of year $124,916,957

  • 25 · Other liabilities

    beginning of year $34,301,338 · end of year $19,376,880

  • 27 · Net assets without donor restrictions

    beginning of year -$134,497,054 · end of year -$102,093,882

Mission and programs · 2024

Mission

THE MISSION IS TO MAKE VISIBLE GOD'S LOVE AND TO BE GOOD HELP TO THOSE IN NEED, ESPECIALLY THOSE WHO ARE POOR, VULNERABLE AND DYING. AS A SYSTEM OF CAREGIVERS, WE COMMIT OURSELVES TO HELP BRING PEOPLE AND COMMUNITIES TO HEALTH AND WHOLENESS AS PART OF THE HEALING MINISTRY OF JESUS CHRIST AND THE CATHOLIC CHURCH.

Activities or mission (Part I)

BON SECOURS CHARITY HEALTHCARE SYSTEM PARENT ORGANIZATION.

  • BON SECOURS CHARITY HEALTH SYSTEM, INC. (BSCHS) IS THE PARENT AND CENTRAL ORGANIZATION OF AN ESTABLISHED INTEGRATED HEALTHCARE DELIVERY SYSTEM. BSCHS, THROUGH ITS SUBSIDIARIES AND AFFILIATES, PROVIDES A BROAD RANGE OF HEALTHCARE AND RELATED SERVICES TO COMMUNITIES IN THE SEVEN-COUNTY, TRI-STATE AREA THAT INCLUDES ROCKLAND, ORANGE, AND SULLIVAN COUNTIES IN NEW YORK, BERGEN, PASSAIC, AND SUSSEX COUNTIES IN NORTHERN NEW JERSEY, AND PIKE COUNTY IN PENNSYLVANIA.

    Expenses $1,209,134

  • BON SECOURS CHARITY HEALTH SYSTEM, INC. IS THE SOLE MEMBER OF HEALTHY COMMUNITIES ACO, LLC, WHICH WAS FORMED TO PARTICIPATE IN PROGRAMS AND TO RECEIVE AND DISTRIBUTE SHARED SAVINGS AND OTHER PAYMENTS RECEIVED FROM THIRD PARTY PAYORS, INCLUDING MEDICARE, UNDER QUALITY IMPROVEMENT ARRANGEMENTS AND TO REPAY SHARED LOSSES, IF ANY, OR OTHER MONIES DETERMINED TO BE OWED PURSUANT TO SUCH ARRANGEMENTS. THERE WERE NO DISTRIBUTIONS IN 2024.

  • BON SECOURS CHARITY HEALTH SYSTEM, INC. IS THE SOLE MEMBER OF HEALTHIER COMMUNITIES ACO, LLC, WHICH WAS FORMED TO PARTICIPATE IN PROGRAMS AND TO RECEIVE AND DISTRIBUTE SHARED SAVINGS AND OTHER PAYMENTS RECEIVED FROM THIRD PARTY PAYORS, INCLUDING MEDICARE, UNDER QUALITY IMPROVEMENT ARRANGEMENTS AND TO REPAY SHARED LOSSES, IF ANY, OR OTHER MONIES DETERMINED TO BE OWED PURSUANT TO SUCH ARRANGEMENTS. THE ACO RECEIVED A DISTRIBUTION OF $3,823,607 IN 2024 PAYABLE TO THE BON SECOURS CHARITY HEALTH SYSTEM MEDICAL GROUP PC.

As filed on the 2024 return.

Listed in Part VII

  • JOHN HEIMERDINGER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • MARY LEAHY MD

    PRESIDENT & CEO

    Total calculated
    $1,401,986
    From this org
    $0
    From related orgs
    $1,316,794
    Other
    $85,192
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,222,635 related
    Bonus
    $0 + $94,159 related
    Other
    $0
    Deferred
    $0 + $48,300 related
    Nontaxable benefits
    $0 + $36,892 related
    Filer's total
    $0 + $1,401,986 related

  • MICHAEL ISRAEL

    VICE CHAIR

    Total calculated
    $3,408,373
    From this org
    $0
    From related orgs
    $3,366,739
    Other
    $41,634
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $3,336,239 related
    Bonus
    $0
    Other
    $0 + $30,500 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $41,634 related
    Filer's total
    $0 + $3,408,373 related

  • RICHARD WISHNIE

    CHAIR (thru 8/2024)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • SR ANNE LUTZ

    BSMH

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • SR MAUREEN SULLIVAN

    BSMH REP

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • TAMER EL-RAYESS MD

    1ST VICE CHAIR & TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ANTHONY COSTELLO

    BOARD MEMBER (effective 11/2024)

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • JOSHUA RATNER

    BOARD MEMBER

    Total calculated
    $1,301,515
    From this org
    $0
    From related orgs
    $1,214,668
    Other
    $86,847
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,102,540 related
    Bonus
    $0 + $89,128 related
    Other
    $0 + $23,000 related
    Deferred
    $0 + $48,300 related
    Nontaxable benefits
    $0 + $38,547 related
    Filer's total
    $0 + $1,301,515 related

  • JULIE SWITZER

    BOARD MEMBER (thru 10/2024)

    Total calculated
    $1,045,814
    From this org
    $0
    From related orgs
    $1,013,867
    Other
    $31,947
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $903,435 related
    Bonus
    $0 + $79,932 related
    Other
    $0 + $30,500 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $31,947 related
    Filer's total
    $0 + $1,045,814 related

  • MICHAEL BEZNEY

    BOARD MEMBER (effective 1/2024)

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL ROSENBLUT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RENEE GARRICK MD

    BOARD MEMBER

    Total calculated
    $1,317,625
    From this org
    $0
    From related orgs
    $1,234,380
    Other
    $83,245
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,145,913 related
    Bonus
    $0 + $88,467 related
    Other
    $0
    Deferred
    $0 + $44,300 related
    Nontaxable benefits
    $0 + $38,945 related
    Filer's total
    $0 + $1,317,625 related

  • SANDRA GRANNUM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STEVEN KENT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SUSAN GEVERTZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ANTONIO PERUGINO

    CFO (thru 10/2024)

    Total calculated
    $309,267
    From this org
    $0
    From related orgs
    $284,185
    Other
    $25,082
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $283,205 related
    Bonus
    $0
    Other
    $0 + $980 related
    Deferred
    $0 + $13,529 related
    Nontaxable benefits
    $0 + $11,553 related
    Filer's total
    $0 + $309,267 related

  • gary BRUDNICKI

    FORMER BOARD MEMBER

    Total calculated
    $120,292
    From this org
    $0
    From related orgs
    $120,292
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $120,292 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $120,292 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

  • 4b · Supplemental nonqualified retirement plan

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
  • 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE ORGANIZATION IS SUBJECT TO THE COMPENSATION POLICIES AND PROCESS ESTABLISHED BY ITS SOLE MEMBER WITH RESPECT TO THE SYSTEM OF RELATED ENTITIES UNDER ITS DIRECTION. PURSUANT TO THAT PROCESS, THE PERSONNEL AND COMPENSATION COMMITTEE OF THE SOLE MEMBER'S BOARD OF DIRECTORS SETS THE LEVEL OF TOTAL COMPENSATION (BASE SALARY AND INCENTIVE COMPENSATION) AND BENEFITS PROVIDED TO SENIOR EXECUTIVES. TO SET TOTAL COMPENSATION LEVELS, THE COMMITTEE WORKS WITH A NATIONAL INDEPENDENT COMPENSATION CONSULTING FIRM TO ENSURE THAT EXECUTIVE COMPENSATION LEVELS ARE REASONABLE AND APPROPRIATE RELATIVE TO SIMILAR POSITIONS IN COMPARABLE ORGANIZATIONS, BASED ON OBJECTIVE SURVEY DATA. EXECUTIVES' TOTAL COMPENSATION OPPORTUNITIES INCLUDE INCENTIVE COMPENSATION ARRANGEMENTS BASED ON EACH EXECUTIVE'S ACHIEVEMENT OF SPECIFIC PERFORMANCE GOALS SET FORTH AT THE START OF EACH CALENDAR YEAR, THE ACHIEVEMENT OF WHICH IS MEASURED AT THE END OF EACH CALENDAR YEAR BY THE CEO OR THE BOARD OF DIRECTORS (DEPENDING ON THE ROLE). LEADERS IN ROLES BELOW THE SENIOR EXECUTIVE TIER ARE NOT SUBJECT TO THIS BOARD PROCESS, BUT ARE SUBJECT TO COMPENSATION AND BENEFIT ARRANGEMENTS UNDER THE ESTABLISHED POLICIES AND PROGRAMS OF THE SOLE MEMBER. UNDER THOSE POLICIES AND PROGRAMS, ALL COMPENSATION ARRANGEMENTS ARE ADMINISTERED IN A MANNER INTENDED TO ENSURE COMPETITIVE POSITIONING AND TO PERMIT EFFECTIVE RECRUITMENT AND RETENTION, WHILE NOT EXCEEDING REASONABLE, FAIR MARKET LEVELS.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE FILING ORGANIZATION PARTICIPATES IN A BON SECOURS CHARITY HEALTH SYSTEM, INC. SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN THAT ALLOWS FOR DEPOSITS INTO ADDITIONAL RETIREMENT PLANS AND IS AVAILABLE ONLY TO OFFICERS AND CERTAIN OTHER EMPLOYEES. THE 457(F) PLAN IS A NON-QUALIFIED PLAN AND IS SUBJECT TO A MINIMUM THREE-YEAR SERVICE REQUIREMENT BEFORE VESTING ON DEPOSITS MADE INTO THIS PLAN. THE FOLLOWING INDIVIDUAL(S) RECEIVED A PAYMENT DURING THE TAX YEAR: MARY LEAHY - $4,435
Schedule J, Part I, Line 3
THE ORGANIZATION IS SUBJECT TO THE COMPENSATION POLICIES AND PROCESS ESTABLISHED BY ITS SOLE MEMBER WITH RESPECT TO THE SYSTEM OF RELATED ENTITIES UNDER ITS DIRECTION. PURSUANT TO THAT PROCESS, THE PERSONNEL AND COMPENSATION COMMITTEE OF THE SOLE MEMBER'S BOARD OF DIRECTORS SETS THE LEVEL OF TOTAL COMPENSATION (BASE SALARY AND INCENTIVE COMPENSATION) AND BENEFITS PROVIDED TO SENIOR EXECUTIVES. TO SET TOTAL COMPENSATION LEVELS, THE COMMITTEE WORKS WITH A NATIONAL INDEPENDENT COMPENSATION CONSULTING FIRM TO ENSURE THAT EXECUTIVE COMPENSATION LEVELS ARE REASONABLE AND APPROPRIATE RELATIVE TO SIMILAR POSITIONS IN COMPARABLE ORGANIZATIONS, BASED ON OBJECTIVE SURVEY DATA. EXECUTIVES' TOTAL COMPENSATION OPPORTUNITIES INCLUDE INCENTIVE COMPENSATION ARRANGEMENTS BASED ON EACH EXECUTIVE'S ACHIEVEMENT OF SPECIFIC PERFORMANCE GOALS SET FORTH AT THE START OF EACH CALENDAR YEAR, THE ACHIEVEMENT OF WHICH IS MEASURED AT THE END OF EACH CALENDAR YEAR BY THE CEO OR THE BOARD OF DIRECTORS (DEPENDING ON THE ROLE). LEADERS IN ROLES BELOW THE SENIOR EXECUTIVE TIER ARE NOT SUBJECT TO THIS BOARD PROCESS, BUT ARE SUBJECT TO COMPENSATION AND BENEFIT ARRANGEMENTS UNDER THE ESTABLISHED POLICIES AND PROGRAMS OF THE SOLE MEMBER. UNDER THOSE POLICIES AND PROGRAMS, ALL COMPENSATION ARRANGEMENTS ARE ADMINISTERED IN A MANNER INTENDED TO ENSURE COMPETITIVE POSITIONING AND TO PERMIT EFFECTIVE RECRUITMENT AND RETENTION, WHILE NOT EXCEEDING REASONABLE, FAIR MARKET LEVELS.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.1
Source object
202513159349303811

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.