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Nonprofiteer
← MAIMONIDES MEDICAL CENTER-

Form 990 for tax year 2024

Filed by MAIMONIDES MEDICAL CENTER-.

Totals

Total revenue
$1,807,630,671
Total expenses
$1,855,401,740
Contributions and grants received
$157,800,271
Grants paid
$2,242,063
Program service revenue
$1,633,326,796
Investment income
$10,191,538
Other revenue
$6,312,066
Total assets, end of year
$1,951,547,415
Total liabilities, end of year
$1,712,866,827
Net assets or fund balances, end of year
$238,680,588
Program services expenses (Part IX)
$1,488,889,510
Management and general expenses
$364,065,741
Fundraising expenses
$2,446,489
Program service expenses (Part III)
$1,488,889,510

Program services were 80.2% 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.

  • 1c · Fundraising events

    $898,930

  • 1d · Related organizations

    $486,728

  • 1e · Government grants (contributions)

    $152,823,079

  • 1f · All other contributions, gifts and grants

    $3,591,534

  • 1g · Noncash contributions included above

    $2,060,793

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $1,539,118,977 · related or exempt $1,539,118,977

  • 2b · Program service revenue: INSURANCE COMPANY SURPLUS DISTRIB.

    total $91,526,502 · related or exempt $91,526,502

  • 2c · Program service revenue: RENTAL INCOME

    total $2,681,317 · related or exempt $2,681,317

  • 3 · Investment income

    total $10,036,492 · excluded $10,036,492

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

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $40,909,000

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

    securities $40,753,954

  • 7c · Gain or loss

    securities $155,046

  • 7d · Net gain or loss

    total $155,046 · excluded $155,046

  • 8a · Fundraising events: gross income

    $193,195

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

    $898,930

  • 8b · Fundraising events: direct expenses

    $250,945

  • 8c · Net income from fundraising events

    total -$57,750 · excluded -$57,750

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: CORPORATE REBATES

    total $4,009,532 · excluded $4,009,532

  • 11b · Other revenue: PARKING

    total $939,642 · excluded $939,642

  • 11c · Other revenue: CAFETERIA INCOME

    total $474,764 · excluded $474,764

  • 11d · All other revenue

    total $945,878 · excluded $945,878

  • 11e · Other revenue, total

    $6,369,816

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $274,222 · program services $274,222

  • 2 · Grants to domestic individuals

    total $1,967,841 · program services $1,967,841

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $8,855,599 · program services $3,247,542 · management and general $5,608,057

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $863,869,302 · program services $738,381,264 · management and general $124,051,632 · fundraising $1,436,406

  • 8 · Pension plan contributions

    total $55,280,053 · program services $47,250,852 · management and general $7,938,216 · fundraising $90,985

  • 9 · Other employee benefits

    total $161,941,815 · program services $138,420,432 · management and general $23,254,845 · fundraising $266,538

  • 10 · Payroll taxes

    total $61,168,737 · program services $52,284,229 · management and general $8,783,831 · fundraising $100,677

  • 11a · Fees: management

    total $585,546 · management and general $585,546

  • 11b · Fees: legal

    total $4,328,823 · management and general $4,328,823

  • 11c · Fees: accounting

    total $1,025,000 · management and general $1,025,000

  • 11d · Fees: lobbying

    total $709,547 · management and general $709,547

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $30,912 · management and general $30,912

  • 11g · Fees: other

    total $102,143,799 · program services $62,261,827 · management and general $39,491,040 · fundraising $390,932

  • 12 · Advertising and promotion

    total $5,000,519 · program services $741,758 · management and general $4,236,287 · fundraising $22,474

  • 13 · Office expenses

    total $15,167,291 · program services $4,841,219 · management and general $10,303,538 · fundraising $22,534

  • 14 · Information technology

    total $36,550,219 · program services $1,984,966 · management and general $34,467,006 · fundraising $98,247

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $63,013,383 · program services $23,251,049 · management and general $39,762,334

  • 17 · Travel

    total $1,079,507 · program services $558,940 · management and general $512,524 · fundraising $8,043

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $1,363,337 · program services $900,868 · management and general $456,367 · fundraising $6,102

  • 20 · Interest

    total $3,733,454 · management and general $3,733,454

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $62,294,714 · program services $46,936,860 · management and general $15,357,854

  • 23 · Insurance

    total $61,473,270 · program services $59,180,317 · management and general $2,292,953

  • 24a · Other expenses: MEDICAL EXPENSES

    total $279,506,972 · program services $266,790,718 · management and general $12,716,254

  • 24b · Other expenses: MAINTENANCE CONTRACTS

    total $29,538,830 · program services $12,545,930 · management and general $16,992,900

  • 24c · Other expenses: BILLING FEES

    total $4,371,406 · program services $4,371,406

  • 24d · Other expenses: UBI TAX

    total $250 · management and general $250

  • 24e · All other expenses

    total $30,127,392 · program services $22,697,270 · management and general $7,426,571 · fundraising $3,551

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $67,477,783 · end of year $116,768,236

  • 2 · Savings and temporary cash investments

    beginning of year $1,530,434 · end of year $1,611,029

  • 3 · Pledges and grants receivable

    beginning of year $1,272,191 · end of year $1,100,538

  • 4 · Accounts receivable

    beginning of year $245,795,337 · end of year $356,373,658

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $19,498,029 · end of year $23,405,840

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,701,425 · end of year $13,723,399

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

    $1,755,256,294

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

    $1,249,077,005

  • 10c · Land, buildings and equipment, net

    beginning of year $475,126,922 · end of year $506,179,289

  • 11 · Investments: publicly traded securities

    beginning of year $145,225,851 · end of year $116,929,537

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $89,439,939 · end of year $88,206,797

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $688,112,916 · end of year $727,249,092

  • 17 · Accounts payable and accrued expenses

    beginning of year $288,076,885 · end of year $312,757,561

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $139,622,062 · end of year $135,747,384

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 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 $178,514,415 · end of year $166,001,702

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $842,568,772 · end of year $1,098,360,180

  • 27 · Net assets without donor restrictions

    beginning of year $290,188,610 · end of year $233,982,329

  • 28 · Net assets with donor restrictions

    beginning of year $2,210,083 · end of year $4,698,259

Mission and programs · 2024

Mission

SEE SCHEDULE O

  • INPATIENT SERVICES. THIS IS FURTHER DESCRIBED IN SCHEDULE O.

    Expenses $1,004,359,631 · Revenue $860,920,994

  • EMERGENCY SERVICES. THIS IS FURTHER DESCRIBED IN SCHEDULE O.

    Expenses $138,934,630 · Revenue $72,802,959

  • MATERNITY SERVICES. THIS IS FURTHER DESCRIBED IN SCHEDULE O.

    Expenses $91,953,252 · Revenue $54,372,326

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jacob Shani MD

    CHAIR, CARDIOLOGY

    Total calculated
    $3,551,560
    From this org
    $3,498,724
    From related orgs
    $0
    Other
    $52,836
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $3,491,308
    Bonus
    $0
    Other
    $7,416
    Deferred
    $24,908
    Nontaxable benefits
    $27,928
    Filer's total
    $3,551,560
  • Patrick Borgen MD

    CHAIR, DEPARTMENT OF SURGERY

    Total calculated
    $2,058,300
    From this org
    $1,992,061
    From related orgs
    $0
    Other
    $66,239
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $1,987,489
    Bonus
    $0
    Other
    $4,572
    Deferred
    $24,908
    Nontaxable benefits
    $41,331
    Filer's total
    $2,058,300
  • Amit Schwartz MD

    DIRECTOR, NEUROSURGERY

    Total calculated
    $1,966,482
    From this org
    $1,908,023
    From related orgs
    $0
    Other
    $58,459
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,857,471
    Bonus
    $50,000
    Other
    $552
    Deferred
    $16,775
    Nontaxable benefits
    $41,684
    Filer's total
    $1,966,482
  • Robert Frankel MD

    DIR, INTERVENTIONAL CARDIOLOGY

    Total calculated
    $1,930,680
    From this org
    $1,879,116
    From related orgs
    $0
    Other
    $51,564
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,877,325
    Bonus
    $0
    Other
    $1,791
    Deferred
    $23,636
    Nontaxable benefits
    $27,928
    Filer's total
    $1,930,680
  • Joshua Kerstein MD

    ASSOC DIR, CLINICAL CARDIOLOGY

    Total calculated
    $1,926,694
    From this org
    $1,860,102
    From related orgs
    $0
    Other
    $66,592
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,491,968
    Bonus
    $366,550
    Other
    $1,584
    Deferred
    $24,908
    Nontaxable benefits
    $41,684
    Filer's total
    $1,926,694
  • Kenneth Gibbs

    PRESIDENT & CEO

    Total calculated
    $1,815,126
    From this org
    $1,757,557
    From related orgs
    $0
    Other
    $57,569
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $1,258,857
    Bonus
    $0
    Other
    $498,700
    Deferred
    $26,442
    Nontaxable benefits
    $31,127
    Filer's total
    $1,815,126
  • John Marshall MD

    EVP, MEDICAL AFFAIRS

    Total calculated
    $1,490,856
    From this org
    $1,423,434
    From related orgs
    $0
    Other
    $67,422
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $1,081,522
    Bonus
    $0
    Other
    $341,912
    Deferred
    $24,658
    Nontaxable benefits
    $42,764
    Filer's total
    $1,490,856
  • Judy Bachman

    EVP & COO

    Total calculated
    $1,361,619
    From this org
    $1,350,002
    From related orgs
    $0
    Other
    $11,617
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,071,875
    Bonus
    $0
    Other
    $278,127
    Deferred
    $11,202
    Nontaxable benefits
    $415
    Filer's total
    $1,361,619
  • Robert Palermo

    EVP/CFO & ASSISTANT TREASURER

    Total calculated
    $1,285,185
    From this org
    $1,215,860
    From related orgs
    $0
    Other
    $69,325
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $863,213
    Bonus
    $125,000
    Other
    $227,647
    Deferred
    $26,441
    Nontaxable benefits
    $42,884
    Filer's total
    $1,285,185
  • Laurie Weinstein

    EVP,CHIEF LEGAL OFFIC,ASST SEC

    Total calculated
    $1,146,126
    From this org
    $1,088,707
    From related orgs
    $0
    Other
    $57,419
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $864,524
    Bonus
    $0
    Other
    $224,183
    Deferred
    $26,441
    Nontaxable benefits
    $30,978
    Filer's total
    $1,146,126
  • David Cohen MD

    EVP,POP HEALTH& ACADEM AFFAIRS

    Total calculated
    $984,935
    From this org
    $939,922
    From related orgs
    $0
    Other
    $45,013
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $744,957
    Bonus
    $0
    Other
    $194,965
    Deferred
    $26,441
    Nontaxable benefits
    $18,572
    Filer's total
    $984,935
  • Robert Press

    FORMER EVP, MEDICAL AFFAIRS

    Total calculated
    $512,375
    From this org
    $512,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $54,034
    Bonus
    not reported
    Other
    $458,341
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $512,375
  • Monica Ghitan MD

    MED STAFF PRESIDENT THRU 6/24

    Total calculated
    $394,941
    From this org
    $355,037
    From related orgs
    $0
    Other
    $39,904
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $354,045
    Bonus
    $0
    Other
    $992
    Deferred
    $19,298
    Nontaxable benefits
    $20,606
    Filer's total
    $394,941
  • Juan Kupferman MD

    MED STAFF PRESIDENT AS OF 7/24

    Total calculated
    $376,810
    From this org
    $351,893
    From related orgs
    $0
    Other
    $24,917
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $329,531
    Bonus
    $20,900
    Other
    $1,462
    Deferred
    $21,189
    Nontaxable benefits
    $3,728
    Filer's total
    $376,810
  • Michael Antoniades

    FORMER EVP & COO

    Total calculated
    $180,000
    From this org
    $180,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $180,000
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $180,000
  • Paul Addison

    TRUSTEE, TREASURER, VC

    Total calculated
    $0
    Hours/week
    0.5
  • Donna Astion MD

    TRUSTEE, VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Joseph Bruno

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • David Cassato Msgr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Chaim Fischer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Robert Foran

    TRUSTEE AS OF 9/24

    Total calculated
    $0
    Hours/week
    0.5
  • Yehoshua Fruchthandler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Lofton Holder

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Eugene Keilin

    TRUSTEE & BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Mortimer Klaus

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • George Liu MD

    TRUSTEE THRU 6/24

    Total calculated
    $0
    Hours/week
    0.5
  • Robert Machinist

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Donald Meltzer

    TRUSTEE THRU 6/24

    Total calculated
    $0
    Hours/week
    0.5
  • Frank Naccarato

    TRUSTEE & SECRETARY

    Total calculated
    $0
    Hours/week
    0.5
  • Eliza Ng

    TRUSTEE AS OF 9/24

    Total calculated
    $0
    Hours/week
    0.5
  • Azzam Obeid

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Martin Payson

    TRUSTEE THRU 6/24

    Total calculated
    $0
    Hours/week
    0.5
  • Peter Rebenwurzel

    TRUSTEE & VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Erminia Rivera

    TRUSTEE & VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Alex Rovt PhD

    TRUSTEE & VICE CHAIR THRU 6/24

    Total calculated
    $0
    Hours/week
    0.5
  • Amy Sandgrund-Fisher

    TRUSTEE AS OF 12/24

    Total calculated
    $0
    Hours/week
    0.5
  • Mary Singh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • David Spira

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Aaron Twerski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Marty Waisbrod

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • George Weinberger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Michael Ziegler Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 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
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 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 4A
THE FOLLOWING PERSONS RECEIVED A SEVERANCE PAYMENT IN 2024: ROBERT PRESS - $311,020 MICHAEL ANTONIADES - $180,000
SCHEDULE J, PART I, LINE 4B
THE MAIMONIDES MEDICAL CENTER SUPPLEMENTAL EXECUTIVE BENEFIT PLAN (THE "SEBP PLAN"), AS AMENDED FROM TIME TO TIME, WAS EFFECTIVE AS OF JANUARY 1, 2006. TO PARTICIPATE, AN EMPLOYEE MUST HOLD THE TITLE OF PRESIDENT, EXECUTIVE VICE PRESIDENT, SENIOR VICE PRESIDENT OR VICE PRESIDENT. THE SEBP PLAN PROVIDES FOR AN ANNUAL EMPLOYER CONTRIBUTION OF 6.5% OF COMPENSATION IN EXCESS OF THE AMOUNTS WHICH CAN BE RECOGNIZED BY THE MAIMONIDES MEDICAL CENTER TAX DEFERRED RETIREMENT PLAN PURSUANT TO CODE SECTION 401(a)(17). THE PARTICIPANT MUST BE AN ELIGIBLE EMPLOYEE ON THE LAST DAY OF THE CALENDAR YEAR TO RECEIVE THE CONTRIBUTION FOR THAT YEAR. IN ACCORDANCE WITH TERMS OF THE SEBP PLAN, THE FOLLOWING PERSONS RECEIVED AN ANNUAL EMPLOYER CONTRIBUTION IN 2024. KENNETH GIBBS - $60,174 JUDY BACHMAN - $47,247 JOHN MARSHALL, MD - $35,425 ROBERT PALERMO - $34,450 LAURIE WEINSTEIN - $34,450 DAVID COHEN, MD - $26,507 ROBERT PRESS - $20,166 THE MAIMONIDES MEDICAL CENTER SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR CHIEF EXECUTIVE OFFICER AND EXECUTIVE VICE PRESIDENTS (THE "SERP PLAN"), AS AMENDED FROM TIME TO TIME, WAS EFFECTIVE AS OF JANUARY 1, 2012. TO PARTICIPATE, AN EMPLOYEE MUST HOLD THE TITLE OF CEO OR EVP, BE A KEY EMPLOYEE WITHIN THE MEANING OF THE INTERNAL REVENUE CODE AND BE DESIGNATED AS A PARTICIPANT BY THE COMPENSATION COMMITTEE OF THE BOARD. THE SERP PLAN PROVIDES FOR AN ANNUAL EMPLOYER ACCRUED CONTRIBUTION OF 20% OF BASE SALARY FOR THAT CALENDAR YEAR INCLUDING INTEREST OF 4.5%. THE PARTICIPANT MUST BE AN ELIGIBLE EMPLOYEE ON THE LAST DAY OF THE CALENDAR YEAR TO ACCRUE THE CONTRIBUTION FOR THAT YEAR. THE SERP PLAN PROVIDES THAT THE MEDICAL CENTER'S COMPENSATION COMMITTEE MAY APPROVE AN ANNUAL SUPPLEMENTAL SERP CONTRIBUTION FOR THE CEO UP TO 10% OF BASE SALARY FOR EACH PLAN YEAR AFTER 2017. THE COMPENSATION COMMITTEE APPROVED A SUPPLEMENTAL 10% CONTRIBUTION FOR THE CEO FOR THE YEARS 2018 THROUGH 2024. IN ACCORDANCE WITH TERMS OF THE SERP PLAN, VESTED BENEFITS WERE PAID OUT IN 2024 TO THE FOLLOWING PARTICIPANTS: KENNETH GIBBS - $398,380 JUDY BACHMAN - $224,022 ROBERT PALERMO - $182,875 LAURIE WEINSTEIN, ESQ - $182,875 JOHN MARSHALL, MD - $304,552 DAVID COHEN, MD - $157,334 ROBERT PRESS - $127,156 THE AMOUNT OF SUPPLEMENTAL NONQUALIFIED DEFERRED COMPENSATION IS INCLUDED IN THE COMPENSATION AMOUNT DISCLOSED IN PART II, COLUMN (B)(III). THE COMPENSATION COMMITTEE OF THE BOARD REVIEWED AND APPROVED ALL PAYMENTS IN ADVANCE AND CONDUCTED ITS REVIEW AND APPROVAL PROCESS IN A MANNER INTENDED TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER SECTION 4958 OF THE INTERNAL REVENUE CODE.
SCHEDULE J, PART I, LINE 6A
THE ORGANIZATION PAYS, PURSUANT TO INDIVIDUAL PHYSICIAN EMPLOYMENT CONTRACT AGREEMENTS, A PORTION OF FACULTY PRACTICE EARNINGS, NET OF EXPENSES.

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

The 10 largest by cash amount. The API serves every itemized grant.

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 corporations and trusts

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

  • MMC HOLDING OF BROOKLYN INC

    C CORP · ADMIN SERVICES · NY · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by NA

  • M2 MEDICAL COMMUNITY PRACTICE PC

    C CORP · MEDICAL SERVICES · NY · 100% owned · share of income $54,005,829 · share of assets $6,077,668 · controlled entity

    Directly controlled by NA

  • DOSIK HEMATOLOGY & ONCOLOGY PC

    C CORP · MEDICAL SERVICES · NY · 100% owned · share of income $14,907,354 · share of assets $194,437 · controlled entity

    Directly controlled by NA

  • HALPER MEDICAL SERVICE PC

    C CORP · MEDICAL SERVICES · NY · 99% owned · share of income $3,677,460 · share of assets $88,178 · controlled entity

    Directly controlled by NA

  • OCEAN RENAL CARE PC

    C CORP · MEDICAL SERVICES · NY · 99% owned · share of income $635,163 · share of assets $17,799 · controlled entity

    Directly controlled by NA

  • BROOKLYN EYE & EAR MEDICAL PC

    C CORP · MEDICAL SERVICES · NY · 99% owned · share of income $1,733,627 · share of assets $26,161 · controlled entity

    Directly controlled by NA

  • OCEAN EYE CARE MEDICAL PC

    C CORP · MEDICAL SERVICES · NY · 99% owned · share of income $711,273 · share of assets $40,416 · controlled entity

    Directly controlled by NA

  • M2C AFFILIATED PHYICIANS PC

    C CORP · MEDICAL SERVICES · NY · 100% owned · share of income $2,491,550 · share of assets $9,250 · controlled entity

    Directly controlled by NA

  • ILYA BLOKH MD PC

    C CORP · MEDICAL SERVICES · NY · 99% owned · share of income $1,187,537 · share of assets $29,383 · controlled entity

    Directly controlled by NA

  • EDWARD FITZPATRICK MD PLLC

    C CORP · MEDICAL SERVICES · NY · 99% owned · share of income $582,390 · share of assets $81,319 · controlled entity

    Directly controlled by NA

  • LARRY TETSOTI MD LLC

    C CORP · MEDICAL SERVICES · NY · 99% owned · share of income $1,171,519 · share of assets -$988 · controlled entity

    Directly controlled by NA

  • YAN MEDICAL PC

    C CORP · MEDICAL SERVICES · NY · 99% owned · share of income $1,369,605 · share of assets $24,832 · controlled entity

    Directly controlled by NA

  • AUGUST FEOLA MD

    C CORP · MEDICAL SERVICES · NY · 99% owned · share of income $521,708 · share of assets $516,266 · controlled entity

    Directly controlled by NA

  • DR WEINER & DR GALLO PLLC

    C CORP · MEDICAL SERVICES · NY · 99% owned · share of income $547,117 · share of assets $185,897 · controlled entity

    Directly controlled by NA

  • JEFFREY C MARC PHYSICIAN PLLC

    C CORP · MEDICAL SERVICES · NY · 99% owned · share of income $633,659 · share of assets $148,694 · controlled entity

    Directly controlled by NA

  • HEMATOLOGY ONC ASSOC OF BKLYN LLP

    C CORP · MEDICAL SERVICES · NY · 97% owned · share of income $10,153,225 · share of assets -$99,850 · controlled entity

    Directly controlled by NA

  • ALLIED MEDICAL ASSOC PC

    C CORP · MEDICAL SERVICES · NY · 98% owned · share of income $1,620,854 · share of assets $163,185 · controlled entity

    Directly controlled by NA

  • JUST THE RIGHT MEDICINE PC

    C CORP · MEDICAL SERVICES · NY · 99% owned · share of income $90,959 · share of assets $73,967 · controlled entity

    Directly controlled by NA

  • TRAUBE MARUSH & PLAWES MD PC

    C CORP · MEDICAL SERVICES · NY · 100% owned · share of income $8,075,387 · share of assets $842,740 · controlled entity

    Directly controlled by NA

  • STAROSTA MEDICAL PC

    C CORP · MEDICAL SERVICES · NY · 99% owned · share of income $1,232,322 · share of assets $119,462 · controlled entity

    Directly controlled by NA

  • DAILEY & BURACK MEDICAL ASSOC PC

    C CORP · MEDICAL SERVICES · NY · 99% owned · share of income $3,416,652 · share of assets $131,330 · controlled entity

    Directly controlled by NA

  • KINGS HIGHWAY ORTHOPEDICS

    C CORP · MEDICAL SERVICES · NY · 100% owned · share of income $121,948 · share of assets $15,873 · controlled entity

    Directly controlled by NA

  • VADIM NAKHAMIYAYEV

    C CORP · MEDICAL SERVICES · NY · 100% owned · share of income $346,939 · share of assets $31,125 · controlled entity

    Directly controlled by NA

  • AARON BERGER MD PC

    C CORP · MEDICAL SERVICES · NY · 100% owned · share of income $688,814 · share of assets $42,977 · controlled entity

    Directly controlled by NA

  • PREVENTIVE CARDIOLOGY - NEW YORK PC

    C CORP · MEDICAL SERVICES · NY · 99% owned · share of income $1,318,093 · share of assets $4,380 · controlled entity

    Directly controlled by NA

  • VICTOR J MASI DO PC

    C CORP · MEDICAL SERVICES · NY · 99% owned · share of income $819,378 · share of assets $5,052 · controlled entity

    Directly controlled by NA

  • ORTHOPEDIC ASSOCIATES PC

    C CORP · MEDICAL SERVICES · NY · 100% owned · share of income $26,612 · share of assets $50,478 · controlled entity

    Directly controlled by NA

  • RADIOLOGY IMAGING CONSULTANTS PC

    C CORP · MEDICAL SERVICES · NY · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202543179349309814

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