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← GRACE HOSPITAL

Form 990 for tax year 2023

Filed by GRACE HOSPITAL.

Totals

Total revenue
$8,239,176
Total expenses
$8,944,227
Contributions and grants received
$713,480
Grants paid
$0
Program service revenue
$7,456,202
Investment income
$43,054
Other revenue
$26,440
Total assets, end of year
$18,888,273
Total liabilities, end of year
$3,037,648
Net assets or fund balances, end of year
$15,850,625
Program services expenses (Part IX)
$6,543,201
Management and general expenses
$2,401,026
Fundraising expenses
$0
Program service expenses (Part III)
$6,543,201

Program services were 73.2% 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

    $713,480

  • 2a · Program service revenue: PATIENT SERVICE REVENU

    total $5,987,086 · related or exempt $5,987,086

  • 2b · Program service revenue: OTHER PROGRAM SERVICE

    total $859,182 · related or exempt $859,182

  • 2c · Program service revenue: SPECIALTY HOSPITAL OF

    total $544,385 · related or exempt $544,385

  • 2d · Program service revenue: GRACE FOUNDATION MGMT

    total $65,549 · related or exempt $65,549

  • 3 · Investment income

    total $43,054 · excluded $43,054

  • 6a · Gross rents

    real property $2,985

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,985

  • 6d · Net rental income or loss

    total $2,985 · excluded $2,985

  • 11a · Other revenue: PARKING FEES

    total $23,455 · excluded $23,455

  • 11e · Other revenue, total

    $23,455

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $175,848 · management and general $175,848

  • 7 · Other salaries and wages

    total $3,161,358 · program services $2,555,580 · management and general $605,778

  • 9 · Other employee benefits

    total $146,184 · program services $109,327 · management and general $36,857

  • 10 · Payroll taxes

    total $294,790 · program services $205,828 · management and general $88,962

  • 11b · Fees: legal

    total $19,781 · management and general $19,781

  • 11c · Fees: accounting

    total $37,331 · management and general $37,331

  • 11g · Fees: other

    total $2,755,672 · program services $1,578,161 · management and general $1,177,511

  • 13 · Office expenses

    total $8,061 · program services $4,616 · management and general $3,445

  • 16 · Occupancy

    total $636,490 · program services $527,819 · management and general $108,671

  • 17 · Travel

    total $20,955 · program services $12,001 · management and general $8,954

  • 20 · Interest

    total $36,521 · program services $23,594 · management and general $12,927

  • 22 · Depreciation, depletion and amortization

    total $312,093 · program services $267,694 · management and general $44,399

  • 23 · Insurance

    total $149,541 · program services $148,983 · management and general $558

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $402,814 · program services $402,814

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $334,747 · program services $334,747

  • 24c · Other expenses: NON-MEDICAL SUPPLIES

    total $271,431 · program services $263,345 · management and general $8,086

  • 24d · Other expenses: EQUIPMENT RENTAL & MAIN

    total $157,880 · program services $90,417 · management and general $67,463

  • 24e · All other expenses

    total $22,730 · program services $18,275 · management and general $4,455

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $134,708 · end of year $504,766

  • 2 · Savings and temporary cash investments

    beginning of year $1,694,356 · end of year $606,620

  • 4 · Accounts receivable

    beginning of year $1,170,020 · end of year $2,036,948

  • 8 · Inventories for sale or use

    beginning of year $172,119 · end of year $178,681

  • 9 · Prepaid expenses and deferred charges

    beginning of year $269,485 · end of year $117,709

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

    $12,178,917

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

    $11,279,607

  • 10c · Land, buildings and equipment, net

    beginning of year $1,209,404 · end of year $899,310

  • 12 · Investments: other securities

    beginning of year $11,673,917 · end of year $13,222,612

  • 15 · Other assets

    beginning of year $902,436 · end of year $1,321,627

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,593,598 · end of year $2,177,212

  • 23 · Secured mortgages and notes payable

    beginning of year $466,050 · end of year $377,369

  • 25 · Other liabilities

    beginning of year $159,817 · end of year $483,067

  • 27 · Net assets without donor restrictions

    beginning of year $3,333,063 · end of year $2,628,013

  • 28 · Net assets with donor restrictions

    beginning of year $11,673,917 · end of year $13,222,612

Mission and programs · 2023

Mission

TO SERVE AS A CENTER FOR EXCELLENCE IN THE PROVISION OF SPECIALIZED HEALTH CARE SERVICES AND COMFORT FOR PATIENTS AND FAMILIES COPING WITH CATASTROPHIC ILLNESS AND INJURY.

Activities or mission (Part I)

TO PROVIDE SPECIALIZED HEALTH CARE SERVICES FOR THOSE COPING WITH CATASTROPHIC ILLNESS AND INJURY.

  • GRACE HOSPITAL IS A NON-FOR-PROFIT, LONG-TERM ACUTE CARE HOSPITAL LOCATED IN CLEVELAND, OHIO DEDICATED TO PROVIDING PERSONALIZED CARE TO MEET THE NEEDS OF PATIENTS COPING WITH CATASTROPHIC OR CHRONIC INJURY OR ILLNESS REQUIRING EXTENDED HOSPITALIZATION. THE HOSPITAL WAS FOUNDED IN 1910 BY A GROUP OF PHYSICIANS WHO WERE COMMITTED TO MEETING THE HEALTHCARE NEEDS OF THE COMMUNITY. GRACE HOSPITAL HAS CONTINUOUSLY PROVIDED SERVICES FOR ITS PATIENTS. IN 1995, GRACE HOSPITAL EARNED APPROVAL TO BECOME THE FIRST CERTIFIED LONG-TERM ACUTE CARE HOSPITAL IN BOTH THE CITY OF CLEVELAND AND CUYAHOGA COUNTY. THE HOSPITAL PRESENTLY SPONSORS SEVERAL INPATIENT SERVICES INCLUDING COMPLEX MEDICAL, PULMONARY, REHABILITATION, VENTILATOR WEANING, LEFT VENTRICAL ASSIST DEVICE, TRANSPLANT SUPPORT, WOUND CARE, AND NEUROLOGICAL REHABILITATION PROGRAMS. THESE SERVICES ARE PROVIDED AT INPATIENT SATELLITES LOCATED WITHIN SOUTH POINTE AND BEDFORD HOSPITALS. GRACE HOSPITAL IS COMMITTED TO PROVIDING PERSONALIZED HEALTHCARE CHARACTERIZED BY QUALITY, ACCESSIBILITY, EFFICIENCY, AND COST EFFECTIVENESS. THE HOSPITAL IS SENSITIVE TO AGE, CULTURAL, AND ECONOMIC VARIATIONS, AND IS CONTINUOUSLY ASSESSED AND IMPROVED THROUGH A QUALITY MANAGEMENT PROGRAM. GRACE VOLUNTARILY MAINTAINS A CHARITY CARE POLICY THAT PROVIDES CARE TO INDIVIDUALS REGARDLESS OF ABILITY TO PAY. THE HOSPITAL IS ALSO COMMITTED TO EMPLOYING INDIVIDUALS TO MATCH CULTURAL DIVERSITY OF ITS PATIENT POPULATION. SEVERAL JOB POSTINGS IN THE HOSPITAL REQUIRE EMPLOYEES TO BE BILINGUAL IN EITHER SPANISH OR OTHER LANGUAGES. GRACE HOSPITAL IS INVOLVED IN MANY COMMUNITY ACTIVITIES, INCLUDING HEALTH FAIRS, SPECIAL HEALTH-RELATED PRESENTATIONS, AND SPONSORSHIPS IN HEALTHCARE EDUCATION. IN ADDITION, THE HOSPITAL SPONSORS MEETINGS FOR MANY NON-PROFIT COMMUNITY ORGANIZATIONS. THE BOARD OF DIRECTORS, MEDICAL STAFF, AND MANAGEMENT OF GRACE HOSPITAL ARE COMMITTED TO THE PROVISION OF QUALITY SPECIALTY HEALTHCARE SERVICES, AS A LONG-TERM HOSPITAL, AND FULFILLING A LEADERSHIP ROLE IN THE COMMUNITY. DESPITE CHALLENGING ECONOMIC TIMES, GRACE HOSPITAL HAS SUCCESSFULLY CONTINUED ITS ROLE OF COMMUNITY SERVICE AS ORIGINALLY ENVISIONED BY ITS FOUNDERS.

    Expenses $6,543,201 · Revenue $7,456,202

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

Listed in Part VII

  • DEACON CHRISTOPHER DEPENTI

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • THOMAS COOK

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ROBERT A GREVEY

    VICE CHAIRPERSON (LEFT 12/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JEFFREY L CLOSE

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RICHARD J RYMOND

    DIRECTOR (LEFT 1/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BASEL ALTAQI MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PAUL C VENIZELOS MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GERALD L JEPPE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • REV JOSEPH D MCNULTY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHELLE HENNIS

    INTERIM PRESIDENT AND CEO

    Total calculated
    $175,848
    From this org
    $165,452
    From related orgs
    $0
    Other
    $10,396
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $165,452
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,396
    Filer's total
    $175,848

  • WILLARD E BARTEL

    CHAIRPERSON (LEFT 3/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHARLENE M WARNER

    CHIEF NURSING OFFICER

    Total calculated
    $102,722
    From this org
    $101,989
    From related orgs
    $0
    Other
    $733
    Hours/week
    40

  • OLEKSANDR ANDROSHCHUK

    STAFF NURSE

    Total calculated
    $111,509
    From this org
    $111,509
    From related orgs
    $0
    Other
    $0
    Hours/week
    31

  • NKEIRUKA OKEAFOR

    STAFF NURSE

    Total calculated
    $138,853
    From this org
    $138,853
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • ERICA B EASLEY

    STAFF NURSE

    Total calculated
    $139,705
    From this org
    $139,705
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

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 · Approval by the board or compensation committee

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 partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
24 April 2025
IRS schema version
2023v6.0
Source object
202521189349301937

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