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Nonprofiteer
← YALE-NEW HAVEN MEDICAL CENTER INC

Form 990 for tax year 2022

Filed by YALE-NEW HAVEN MEDICAL CENTER INC.

Totals

Total revenue
$2,277,999
Total expenses
$693,899
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,124,953
Investment income
$153,046
Other revenue
$0
Total assets, end of year
$11,755,419
Total liabilities, end of year
$5,872,407
Net assets or fund balances, end of year
$5,883,012
Program services expenses (Part IX)
$646,880
Management and general expenses
$47,019
Fundraising expenses
$0
Program service expenses (Part III)
$646,880

Program services were 93.2% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $2,124,953 · related or exempt $2,124,953

  • 3 · Investment income

    total $153,046 · excluded $153,046

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $128,391 · program services $111,596 · management and general $16,795

  • 9 · Other employee benefits

    total $61,250 · program services $56,405 · management and general $4,845

  • 10 · Payroll taxes

    total $9,403 · program services $8,118 · management and general $1,285

  • 11b · Fees: legal

    total $75 · management and general $75

  • 11c · Fees: accounting

    total $24,019 · management and general $24,019

  • 13 · Office expenses

    total $10,652 · program services $10,652

  • 16 · Occupancy

    total $292,358 · program services $292,358

  • 22 · Depreciation, depletion and amortization

    total $167,751 · program services $167,751

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,921,076 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $7,110,799

  • 4 · Accounts receivable

    beginning of year $1,874 · end of year $297,400

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

    $8,592,020

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

    $4,244,800

  • 10c · Land, buildings and equipment, net

    beginning of year $3,190,880 · end of year $4,347,220

  • 17 · Accounts payable and accrued expenses

    beginning of year $413,920 · end of year $1,257,303

  • 25 · Other liabilities

    beginning of year $4,400,998 · end of year $4,615,104

  • 27 · Net assets without donor restrictions

    beginning of year $4,298,912 · end of year $5,883,012

Mission and programs · 2022

Mission

YALE NEW HAVEN MEDICAL CENTER, INC. WAS ESTABLISHED TO BENEFIT, PERFORM THE FUNCTIONS OF, CARRY OUT THE PURPOSES OF, AND UPHOLD, PROMOTE, AND FURTHER THE WELFARE, PROGRAMS AND ACTIVITIES OF YALE NEW HAVEN HOSPITAL AND YALE UNIVERSITY.

Activities or mission (Part I)

SEE SCHEDULE O.

  • THE FILING ORGANIZATION MANAGES REAL ESTATE PROPERTIES FOR THE BENEFIT OF YALE NEW HAVEN HOSPITAL, INC. AND YALE UNIVERSITY - SCHOOL OF MEDICINE.

    Expenses $646,880 · Revenue $2,124,953

As filed on the 2022 return.

Listed in Part VII

  • Stephen Carbery

    CHAIRMAN & DIRECTOR

    Total calculated
    $653,202
    From this org
    $0
    From related orgs
    $560,126
    Other
    $93,076
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $407,419 related
    Bonus
    $0 + $102,280 related
    Other
    $0 + $50,427 related
    Deferred
    $0 + $75,831 related
    Nontaxable benefits
    $0 + $17,245 related
    Filer's total
    $0 + $653,202 related

  • Joseph Schlosser

    PRESIDENT & DIRECTOR

    Total calculated
    $182,357
    From this org
    $0
    From related orgs
    $143,820
    Other
    $38,537
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,820 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,339 related
    Nontaxable benefits
    $0 + $23,198 related
    Filer's total
    $0 + $182,357 related

  • Keith Tandler

    TREASURER & DIRECTOR

    Total calculated
    $738,856
    From this org
    $0
    From related orgs
    $624,755
    Other
    $114,101
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $471,955 related
    Bonus
    $0 + $114,319 related
    Other
    $0 + $38,481 related
    Deferred
    $0 + $89,650 related
    Nontaxable benefits
    $0 + $24,451 related
    Filer's total
    $0 + $738,856 related

  • Marcella Federico-Manning

    TREASURER & DIRECTOR

    Total calculated
    $238,549
    From this org
    $0
    From related orgs
    $216,184
    Other
    $22,365
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,277 related
    Bonus
    $0 + $16,399 related
    Other
    $0 + $5,508 related
    Deferred
    $0 + $6,244 related
    Nontaxable benefits
    $0 + $16,121 related
    Filer's total
    $0 + $238,549 related

  • Jessica Caponigro

    SECRETARY & DIRECTOR

    Total calculated
    $183,086
    From this org
    $0
    From related orgs
    $137,320
    Other
    $45,766
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,320 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,135 related
    Nontaxable benefits
    $0 + $31,631 related
    Filer's total
    $0 + $183,086 related

  • Joseph Caruso

    CHAIRMAN & DIRECTOR

    Total calculated
    $332,338
    From this org
    $0
    From related orgs
    $311,159
    Other
    $21,179
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $257,148 related
    Bonus
    $0 + $43,399 related
    Other
    $0 + $10,612 related
    Deferred
    $0 + $8,088 related
    Nontaxable benefits
    $0 + $13,091 related
    Filer's total
    $0 + $332,338 related

  • John Bollier

    FORMER OFFICER & DIRECTOR

    Total calculated
    $611,114
    From this org
    $0
    From related orgs
    $565,410
    Other
    $45,704
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $225,354 related
    Bonus
    $0
    Other
    $0 + $340,056 related
    Deferred
    $0 + $34,450 related
    Nontaxable benefits
    $0 + $11,254 related
    Filer's total
    $0 + $611,114 related

  • Carrie Capezzone

    FORMER OFFICER & DIRECTOR

    Total calculated
    $253,657
    From this org
    $0
    From related orgs
    $237,306
    Other
    $16,351
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $237,306 related
    Deferred
    $0 + $16,351 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $253,657 related

  • Paul Vitola

    FORMER OFFICER & DIRECTOR

    Total calculated
    $137,814
    From this org
    $0
    From related orgs
    $124,920
    Other
    $12,894
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $115,422 related
    Bonus
    $0
    Other
    $0 + $9,498 related
    Deferred
    $0 + $12,496 related
    Nontaxable benefits
    $0 + $398 related
    Filer's total
    $0 + $137,814 related

  • Ryan Carter

    FORMER OFFICER & DIRECTOR

    Total calculated
    $231,818
    From this org
    $0
    From related orgs
    $212,475
    Other
    $19,343
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $180,998 related
    Bonus
    $0 + $30,000 related
    Other
    $0 + $1,477 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $19,343 related
    Filer's total
    $0 + $231,818 related

  • Frederick Borrelli

    FORMER OFFICER & DIRECTOR

    Total calculated
    $527,410
    From this org
    $0
    From related orgs
    $468,384
    Other
    $59,026
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $363,898 related
    Bonus
    $0 + $38,904 related
    Other
    $0 + $65,582 related
    Deferred
    $0 + $34,450 related
    Nontaxable benefits
    $0 + $24,576 related
    Filer's total
    $0 + $527,410 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

  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE FILING ORGANIZATION DOES NOT HAVE AND/OR COMPENSATE ITS OWN CEO/EXECUTIVE DIRECTOR. THESE POSITIONS ARE FILLED BY EMPLOYEES OF A RELATED ORGANIZATION(S) AND COMPENSATED THROUGH THE RESPECTIVE RELATED ORGANIZATION(S). THE METHOD USED BY THE RELATED ORGANIZATION(S) FOR DETERMINING COMPENSATION FOR THESE INDIVIDUALS ARE: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4A
THE INDIVIDUALS LISTED BELOW RECEIVED SEVERANCE DURING THE 2022 CALENDAR YEAR THAT WAS RECOGNIZED AS A TAXABLE EVENT AND REPORTED IN THE INDIVIDUAL'S 2022 CALENDAR YEAR FORM W-2. CARRIE CAPEZZONE $89,127 FREDERICK BORRELLI $3,065

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.

Provenance

Return type
form_990
Tax year
2022
Filed
12 August 2024
IRS schema version
2022v5.0
Source object
202432269349301713

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