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Nonprofiteer
← BON SECOURS CHARITY HEALTH SYSTEM INC

Form 990 for tax year 2023

Filed by BON SECOURS CHARITY HEALTH SYSTEM INC.

Totals

Total revenue
$45,877
Total expenses
$790,410
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$6,850
Other revenue
$39,027
Total assets, end of year
$94,158,586
Total liabilities, end of year
$228,655,640
Net assets or fund balances, end of year
-$134,497,054
Program services expenses (Part IX)
$787,713
Management and general expenses
$0
Fundraising expenses
$2,697
Program service expenses (Part III)
$787,713

Program services were 99.7% 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

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $6,850 · related or exempt $0 · unrelated business $0 · excluded $6,850

  • 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 $36,990 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $36,990 · personal property $0

  • 6d · Net rental income or loss

    total $36,990 · related or exempt $0 · unrelated business $0 · excluded $36,990

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

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

  • 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

  • 11a · Other revenue: Other Revenue

    total $2,037 · related or exempt $0 · unrelated business $0 · excluded $2,037

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $2,037

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total -$3,807 · program services -$3,807 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

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

  • 11g · Fees: other

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

  • 13 · Office expenses

    total -$1,740,620 · program services -$1,743,317 · management and general $0 · fundraising $2,697

  • 16 · Occupancy

    total -$6,119,593 · program services -$6,119,593 · management and general $0 · fundraising $0

  • 20 · Interest

    total $1,411,584 · program services $1,411,584 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $7,022,017 · program services $7,022,017 · management and general $0 · fundraising $0

  • 24a · Other expenses: PURCHASED SERVICES

    total $12,345 · program services $12,345 · management and general $0 · fundraising $0

  • 24b · Other expenses: OTHER EXPENSES

    total $208,484 · program services $208,484 · 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 $34,771,832 · end of year $12,619,983

  • 2 · Savings and temporary cash investments

    beginning of year $4,421 · end of year $7,241

  • 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 $746,958 · end of year $523,418

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

    $8,173,350

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

    $1,634,370

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $6,538,980

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $26,383,915 · end of year $74,468,964

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,221,325 · end of year $87,267,101

  • 19 · Deferred revenue

    beginning of year $1,231,564 · end of year $2,132,947

  • 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 $26,964,509 · end of year $104,954,254

  • 25 · Other liabilities

    beginning of year $37,248,232 · end of year $34,301,338

  • 27 · Net assets without donor restrictions

    beginning of year -$40,758,504 · end of year -$134,497,054

Mission and programs · 2023

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 $787,713

  • 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 2023.

  • 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 $3,630,865 IN 2023 PAYABLE TO THE BON SECOURS CHARITY HEALTH SYSTEM MEDICAL GROUP PC.

As filed on the 2023 return.

Listed in Part VII

  • John Heimerdinger

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Mary Leahy MD

    PRESIDENT & CEO

    Total calculated
    $1,388,410
    From this org
    $0
    From related orgs
    $1,291,203
    Other
    $97,207
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $974,321 related
    Bonus
    $0 + $316,882 related
    Other
    $0
    Deferred
    $0 + $46,200 related
    Nontaxable benefits
    $0 + $51,007 related
    Filer's total
    $0 + $1,388,410 related

  • Michael Israel

    VICE CHAIR

    Total calculated
    $3,457,592
    From this org
    $0
    From related orgs
    $3,394,564
    Other
    $63,028
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,999,564 related
    Bonus
    $0 + $1,365,000 related
    Other
    $0 + $30,000 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $63,028 related
    Filer's total
    $0 + $3,457,592 related

  • Richard Wishnie

    CHAIR

    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

  • Gary Brudnicki

    BOARD MEMBER (THRU 10/2023)

    Total calculated
    $2,409,647
    From this org
    $0
    From related orgs
    $2,366,825
    Other
    $42,822
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,403,075 related
    Bonus
    $0 + $933,750 related
    Other
    $0 + $30,000 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $42,822 related
    Filer's total
    $0 + $2,409,647 related

  • Joshua Ratner

    BOARD MEMBER

    Total calculated
    $1,259,034
    From this org
    $0
    From related orgs
    $1,178,257
    Other
    $80,777
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $858,807 related
    Bonus
    $0 + $299,950 related
    Other
    $0 + $19,500 related
    Deferred
    $0 + $46,200 related
    Nontaxable benefits
    $0 + $34,577 related
    Filer's total
    $0 + $1,259,034 related

  • Julie Switzer

    BOARD MEMBER

    Total calculated
    $1,093,397
    From this org
    $0
    From related orgs
    $1,059,210
    Other
    $34,187
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $798,636 related
    Bonus
    $0 + $230,574 related
    Other
    $0 + $30,000 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $34,187 related
    Filer's total
    $0 + $1,093,397 related

  • Laishy Williams Carlson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Rosenblut

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Renee Garrick MD

    BOARD MEMBER

    Total calculated
    $1,297,479
    From this org
    $0
    From related orgs
    $1,216,702
    Other
    $80,777
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $897,252 related
    Bonus
    $0 + $299,950 related
    Other
    $0 + $19,500 related
    Deferred
    $0 + $46,200 related
    Nontaxable benefits
    $0 + $34,577 related
    Filer's total
    $0 + $1,297,479 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 (EFFECTIVE 4/2023)

    Total calculated
    $292,118
    From this org
    $0
    From related orgs
    $272,481
    Other
    $19,637
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,532 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $949 related
    Deferred
    $0 + $12,553 related
    Nontaxable benefits
    $0 + $7,084 related
    Filer's total
    $0 + $292,118 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
THE ORGANIZATION RELIED ON A RELATED ORGANIZATION THAT USED ONE OR MORE OF THE METHODS DESCRIBED IN SCHEDULE J PART I LINE 3 TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION AS DESCRIBED BELOW: THE BOARD OF DIRECTORS PERSONNEL AND COMPENSATION COMMITTEE SETS THE LEVEL OF TOTAL COMPENSATION (BASE SALARY AND INCENTIVE COMPENSATION) AND THE BENEFITS PROVIDED TO THE ORGANIZATION'S SENIOR EXECUTIVES. IN ORDER TO SET BASE SALARY AND INCENTIVE COMPENSATION LEVELS, THE COMMITTEE WORKS WITH A NATIONAL INDEPENDENT COMPENSATION CONSULTING FIRM. THE CONSULTING FIRM ASSISTS THE COMMITTEE WITH ITS DECISION-MAKING PROCESSES TO ENSURE THAT (I) EXECUTIVE COMPENSATION LEVELS ARE REASONABLE AND APPROPRIATE RELATIVE TO THOSE OF OTHER SIMILAR ORGANIZATIONS, AS WELL AS (II) SUCH LEVELS MEET THE "REBUTTABLE PRESUMPTION OF REASONABLENESS." STANDARD COMPENSATION LEVELS ARE DETERMINED BASED ON COMPETITIVE MARKET DATA FOR COMPARABLE POSITIONS IN SIMILAR SIZED AND TYPE OF ORGANIZATIONS AND EACH EXECUTIVE'S SCOPE OF RESPONSIBILITIES. IN ADDITION, INCENTIVE COMPENSATION ARRANGEMENTS ARE BASED ON EACH EXECUTIVE'S ACHIEVEMENT OF SPECIFIC PERFORMANCE GOALS SET FORTH AT THE BEGINNING 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 EXECUTIVE. BY THE CEO OR THE BOARD OF DIRECTORS DEPENDING ON THE EXECUTIVE.
Schedule J, Part I, Line 4b
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.

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.

  • HEALTHY COMMUNITIES ACO LLC

    ACO · NY · income $0 · assets $25,964

    Directly controlled by BSCHS

  • HEALTHIER COMMUNITIES ACO

    ACO · NY · income $3,630,865 · assets $25,000

    Directly controlled by BSCHS

Related corporations and trusts

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

  • HUDSON RIVER WEST INSURANCE LIMITED

    C Corporation · CAP INSURANCE · CJ · 100% owned · share of income $12,217,241 · share of assets $58,505,970 · controlled entity

    Directly controlled by BSCHS

  • HUDSON RIVER NORTH INSURANCE LIMITED

    C Corporation · CAP INSURANCE · CJ

    Directly controlled by HEALTHALLIANCE

  • NORTHEAST PROVIDER SOLUTIONS INC

    C Corporation · MSO & HEARING AID · NY

  • WMC ADVANCED PHYSICIAN SERVICES PC

    C Corporation · PHYSICIAN OFFICES · NY

  • WCHCC (BERMUDA) LIMITED

    C Corporation · CAP INSURANCE · BD

  • KINGSTON REGIONAL HEALTH CARE ENTERPRISE

    C Corporation · INVESTMENT · NY

    Directly controlled by HAH BWAY

  • MID HUDSON PHYSICIANS PC

    C Corporation · MEDICAL SVCS · NY

  • BSCHS MEDICAL GROUP PC

    C Corporation · PHYSICIAN OFFICES · NY

    Directly controlled by BSCHS

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433199349314288

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