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← CALVARY HOSPITAL INC

Form 990 for tax year 2023

Filed by CALVARY HOSPITAL INC.

What the amendment changed

Compared with the return it replaced , filed 15 November 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$127,468,800
Total expenses
$139,733,200
Contributions and grants received
$16,879,555
Grants paid
$0
Program service revenue
$107,782,100
Investment income
$532,241
Other revenue
$2,274,904
Total assets, end of year
$97,553,000
Total liabilities, end of year
$89,882,300
Net assets or fund balances, end of year
$7,670,700
Program services expenses (Part IX)
$116,514,300
Management and general expenses
$23,218,900
Fundraising expenses
$0
Program service expenses (Part III)
$116,514,300

Program services were 83.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SCOTT P LA RUE

    PRESIDENT/CEO OF ARCHCARE

    Total calculated
    $2,053,206
    From this org
    $0
    From related orgs
    $1,640,548
    Other
    $412,658
    Hours/week
    1 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,342,689 related
    Bonus
    $0 + $135,259 related
    Other
    $0 + $162,600 related
    Deferred
    $0 + $387,935 related
    Nontaxable benefits
    $0 + $24,723 related
    Filer's total
    $0 + $2,053,206 related

  • DIAL HEWLETT MD

    DIRECTOR

    Total calculated
    $80,744
    From this org
    $80,744
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • MANFRED ALTSTADT

    DIRECTOR EMERITUS (NON-VOTING)

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • STEVEN J GOLUB

    DIRECTOR EMERITUS (NON-VOTING)

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • JOHN P BERTSCH

    DIRECTOR EMERITUS (NON-VOTING)

    Total calculated
    $0
    Hours/week
    0.5

  • DR MARC PRAGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MARYANN JULIA POPIEL MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • CARLOS HERNANDEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • JOSEPH A TARANTINO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • JOSEPH L DEMARZO

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • AMIT SIKDAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • RENA M MURTHA RN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REV ERIC P CRUZ MDIV MNA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANIEL S GURRELL MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JOHN A DECINA

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    14.3 + 0.5 related

  • ANNE COTE TAYLOR

    SECRETARY

    Total calculated
    $0
    Hours/week
    2.4

  • THOMAS J FAHEY JR MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • EDWARD D HEBEN

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • JAMES O'HARA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • RICHARD CARDILLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANN LEILANI FAHEY MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • FRANK A CALAMARI

    PRESIDENT/CEO

    Total calculated
    $710,190
    From this org
    $670,906
    From related orgs
    $0
    Other
    $39,284
    Hours/week
    37

    Schedule J breakdown matched by us

    Base
    $112,926
    Bonus
    $0
    Other
    $557,980
    Deferred
    $21,750
    Nontaxable benefits
    $17,534
    Filer's total
    $710,190

  • CHRISTOPHER COMFORT MD

    CHIEF OPERATING OFFICER

    Total calculated
    $468,464
    From this org
    $434,662
    From related orgs
    $0
    Other
    $33,802
    Hours/week
    37

    Schedule J breakdown matched by us

    Base
    $410,635
    Bonus
    $0
    Other
    $24,027
    Deferred
    $21,750
    Nontaxable benefits
    $12,052
    Filer's total
    $468,464

  • ANDREW V GRECO

    VICE PRESIDENT & CFO

    Total calculated
    $437,692
    From this org
    $367,153
    From related orgs
    $0
    Other
    $70,539
    Hours/week
    37 + 1 related

    Schedule J breakdown matched by us

    Base
    $305,730
    Bonus
    $0
    Other
    $61,423
    Deferred
    $21,750
    Nontaxable benefits
    $48,789
    Filer's total
    $437,692

  • ERIC GOLDMAN

    MEDICAL DIRECTOR

    Total calculated
    $370,238
    From this org
    $297,294
    From related orgs
    $0
    Other
    $72,944
    Hours/week
    37

    Schedule J breakdown matched by us

    Base
    $291,793
    Bonus
    $0
    Other
    $5,501
    Deferred
    $21,322
    Nontaxable benefits
    $51,622
    Filer's total
    $370,238

  • MARGARET PELKOWSKI

    VP FOR PATIENT CARE SERVICES

    Total calculated
    $284,069
    From this org
    $250,781
    From related orgs
    $0
    Other
    $33,288
    Hours/week
    37

    Schedule J breakdown matched by us

    Base
    $237,254
    Bonus
    $0
    Other
    $13,527
    Deferred
    $16,779
    Nontaxable benefits
    $16,509
    Filer's total
    $284,069

  • EKATERINA HUELSTER

    VP CMTY PATIENT SVCS.

    Total calculated
    $304,557
    From this org
    $266,997
    From related orgs
    $0
    Other
    $37,560
    Hours/week
    37

    Schedule J breakdown matched by us

    Base
    $229,988
    Bonus
    $0
    Other
    $37,009
    Deferred
    $20,025
    Nontaxable benefits
    $17,535
    Filer's total
    $304,557

  • SREENIVASA PATIBADLA

    ATTENDING PHYSICIAN

    Total calculated
    $467,153
    From this org
    $445,403
    From related orgs
    $0
    Other
    $21,750
    Hours/week
    37

    Schedule J breakdown matched by us

    Base
    $217,972
    Bonus
    $0
    Other
    $227,431
    Deferred
    $21,750
    Nontaxable benefits
    $0
    Filer's total
    $467,153

  • ANDREW ZARETSKY MD

    ATTENDING PHYSICIAN

    Total calculated
    $465,065
    From this org
    $409,387
    From related orgs
    $0
    Other
    $55,678
    Hours/week
    37

    Schedule J breakdown matched by us

    Base
    $211,250
    Bonus
    $0
    Other
    $198,137
    Deferred
    $21,750
    Nontaxable benefits
    $33,928
    Filer's total
    $465,065

  • MUHAMMAD AMIR SHAHID

    ATTENDING PHYSICIAN

    Total calculated
    $432,485
    From this org
    $359,113
    From related orgs
    $0
    Other
    $73,372
    Hours/week
    37

    Schedule J breakdown matched by us

    Base
    $228,422
    Bonus
    $0
    Other
    $130,691
    Deferred
    $21,750
    Nontaxable benefits
    $51,622
    Filer's total
    $432,485

  • ROBERT BRESCIA MD

    DIR. PALLIATIVE CARE INST

    Total calculated
    $410,349
    From this org
    $376,547
    From related orgs
    $0
    Other
    $33,802
    Hours/week
    37

    Schedule J breakdown matched by us

    Base
    $351,024
    Bonus
    $0
    Other
    $25,523
    Deferred
    $21,750
    Nontaxable benefits
    $12,052
    Filer's total
    $410,349

  • RACHELLE PARKER

    ATTENDING PHYSICIAN

    Total calculated
    $346,514
    From this org
    $308,255
    From related orgs
    $0
    Other
    $38,259
    Hours/week
    37

    Schedule J breakdown matched by us

    Base
    $292,317
    Bonus
    $0
    Other
    $15,938
    Deferred
    $21,750
    Nontaxable benefits
    $16,509
    Filer's total
    $346,514

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

  • 1a · Tax indemnification and gross-up payments
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
EFFECTIVE JUNE 1, 1998, THE HOSPITAL ESTABLISHED THE CALVARY HOSPITAL SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) TO PROVIDE PENSION BENEFITS FOR WAGES EARNED BY CERTAIN PHYSICIANS AND SENIOR EXECUTIVE STAFF WITH COMPENSATION IN EXCESS OF THE IRS LIMITS AND ALSO ESTABLISHED THE CALVARY HOSPITAL KEY EMPLOYEE SHARE OPTION PLAN(KEYSOP) TO PROVIDE ADDITIONAL AND ALTERNATIVE FORMS OF COMPENSATION TO KEY EMPLOYEES. PRIOR TO 2002, THE HOSPITAL UTILIZED THE KEYSOP TO FUND THE SERP. AS A RESULT OF THE IRS 457 REGULATIONS WHICH WERE ISSUED DURING 2002, THE UTILIZATION OF THE KEYSOP TO FUND THE SERP BECAME UNFEASIBLE. AFTER CONSIDERATION OF VARIOUS REPLACEMENT OPTIONS, IN 2003, CALVARY HOSPITAL CHOSE THE TAX GROSS-UP OPTION, WHEREBY, INDIVIDUAL PARTICIPANTS' DEFERRALS WOULD BE GROSSED-UP TO DUPLICATE THE BENEFITS HE WOULD RECEIVE IN A TAX-DEFERRED ARRANGEMENT AND PAID THEM OUT DIRECTLY TO THE PARTICIPANTS. THE FOLLOWING EXECUTIVES RECEIVED TAX GROSS-UP PAYMENTS IN 2023 IN ORDER TO DUPLICATE A TAX DEFERRED VEHICLE: (THE AMOUNTS WERE CALCULATED BY FRANK J. WALTERS ASSOCIATES, INC. UTILIZING EXPECTED TAX RATES TO CALCULATE THE NET AMOUNTS.)
PART I, LINES 4A-B
PRESIDENT & CEO, FRANK CALAMARI, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $429,721 UPON RETIREMENT FROM THE HOSPITAL; THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). THE FOLLOWING CALVARY HOSPITAL OFFICERS PARTICIPATE IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AND RECEIVED THE FOLLOWING DISTRIBUTIONS (WHICH ARE INCLUDED IN COLUMN (B)(III) OTHER REPORTABLE COMPENSATION: FRANK CALAMARI - $80,706 ANDREW GRECO - $40,360 PRESIDENT & CEO OF ARCHCARE, SCOTT P. LA RUE, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN AND RECEIVED A DISTRIBUTION OF $296,164 FROM THE PLAN IN CALENDAR YEAR 2023. THIS DISTRIBUTION IS REPORTED AS CURRENT YEAR WAGES IN SCHEDULE J, PART II, COLUMN (B)(III) AND IS LIKEWISE REPORTED IN COLUMN (F) TO REFLECT THE PAYOUT OF PREVIOUSLY DEFERRED WAGES. THE BALANCE OF COMPENSATION REPORTED IN COLUMN (F) REPRESENTS THE PAYOUT OF A DEFERRED BONUS THAT WAS REPORTED IN COLUMN (C) ON PREVIOUS FORMS 990.
PART I, LINE 7
CALVARY HOSPITAL ENGAGED THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTING FIRM THAT SPECIALIZES IN HEALTHCARE EXECUTIVE COMPENSATION TO DESIGN ITS EXECUTIVE INCENTIVE COMPENSATION PLAN. AS PART OF THE PLAN, THE CALVARY EXECUTIVE TEAM DEVELOPS A NUMBER OF STRATEGIC GOALS THAT EXECUTIVES MUST MEET TO PARTICIPATE IN THE INCENTIVE PROGRAM; THESE GOALS ARE THEN REVIEWED AND APPROVED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD. AT YEAR END, CALVARY'S CEO PRESENTS THE RESULTS FROM THE PREVIOUS YEAR IN TERMS OF WHICH GOALS WERE ACHIEVED BY THE EXECUTIVE TEAM. THE COMPENSATION COMMITTEE OF THE BOARD THEN CONVENES WITH INDEPENDENT COMPENSATION CONSULTING FIRM TO DETERMINE AND APPROVE THE BONUSES THAT ARE DISTRIBUTED TO EACH EXECUTIVE. FOR 2023, NO BONUS WERE DISTRIBUTED TO IT'S EXECUTIVES.

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.

  • CALVARY PALLIATIVE CARE NETWORK LLC

    HEALTHCARE · NY · income $0 · assets $0

    Directly controlled by CALVARY HOLDING COMPANY

  • CALVARY NETWORK INDEP PRACTICE ASSN

    HEALTHCARE · NY · income $0 · assets $0

    Directly controlled by CPCN

  • CALVARY NETWORK MANAGEMENT SERVICES LLC

    HEALTHCARE · NY · income $0 · assets $0

    Directly controlled by CALVARY HOLDING COMPANY

Provenance

Return type
form_990
Tax year
2023
Filed
21 November 2024
IRS schema version
2023v5.1
Source object
202433269349300408

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