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Nonprofiteer
← HUDSON VALLEY HOSPITAL CENTER

Form 990 for tax year 2023

Filed by HUDSON VALLEY HOSPITAL CENTER.

Totals

Total revenue
$281,548,679
Total expenses
$301,298,952
Contributions and grants received
$914,220
Grants paid
$23,309,566
Program service revenue
$275,463,754
Investment income
-$116,934
Other revenue
$5,287,639
Total assets, end of year
$312,624,421
Total liabilities, end of year
$231,133,969
Net assets or fund balances, end of year
$81,490,452
Program services expenses (Part IX)
$254,281,299
Management and general expenses
$47,017,653
Fundraising expenses
$0
Program service expenses (Part III)
$254,281,299

Program services were 84.4% 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.

  • 1d · Related organizations

    $910,220

  • 1f · All other contributions, gifts and grants

    $4,000

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $275,463,754 · related or exempt $275,463,754

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $199,239 · excluded $199,239

  • 6a · Gross rents

    real property $1,249,448

  • 6c · Rental income or loss

    real property $1,249,448 · personal property $0

  • 6d · Net rental income or loss

    total $1,249,448 · excluded $1,249,448

  • 7a · Gross sales of assets other than inventory

    other assets $325,000

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

    other assets $641,173

  • 7c · Gain or loss

    securities $0 · other assets -$316,173

  • 7d · Net gain or loss

    total -$316,173 · excluded -$316,173

  • 11a · Other revenue: other Revenue

    total $1,438,623 · related or exempt $217 · excluded $1,438,406

  • 11b · Other revenue: PARAMEDIC REIMBURSEMENT

    total $1,242,571 · excluded $1,242,571

  • 11c · Other revenue: REBATES

    total $938,641 · excluded $938,641

  • 11d · All other revenue

    total $418,356 · related or exempt $0 · unrelated business $0 · excluded $418,356

  • 11e · Other revenue, total

    $4,038,191

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $23,003,152 · program services $23,003,152

  • 2 · Grants to domestic individuals

    total $306,414 · program services $306,414

  • 5 · Compensation of officers, directors and key employees

    total $3,395,363 · management and general $3,395,363

  • 7 · Other salaries and wages

    total $101,442,318 · program services $78,598,002 · management and general $22,844,316

  • 8 · Pension plan contributions

    total $4,200,830 · program services $3,254,824 · management and general $946,006

  • 9 · Other employee benefits

    total $18,430,470 · program services $14,280,018 · management and general $4,150,452

  • 10 · Payroll taxes

    total $7,393,412 · program services $5,728,452 · management and general $1,664,960

  • 11b · Fees: legal

    total $144,922 · program services $112,286 · management and general $32,636

  • 11c · Fees: accounting

    total $469,680 · management and general $469,680

  • 11d · Fees: lobbying

    total $48,897 · management and general $48,897

  • 11g · Fees: other

    total $48,185,984 · program services $43,472,023 · management and general $4,713,961 · fundraising $0

  • 12 · Advertising and promotion

    total $1,407,063 · program services $1,090,198 · management and general $316,865

  • 13 · Office expenses

    total $7,426,293 · program services $5,753,928 · management and general $1,672,365

  • 14 · Information technology

    total $8,538,027 · program services $6,615,305 · management and general $1,922,722

  • 16 · Occupancy

    total $6,115,116 · program services $5,273,801 · management and general $841,315

  • 17 · Travel

    total $79,774 · management and general $79,774

  • 19 · Conferences, conventions and meetings

    total $142,501 · management and general $142,501

  • 20 · Interest

    total $2,017,788 · program services $1,563,392 · management and general $454,396

  • 22 · Depreciation, depletion and amortization

    total $12,694,764 · program services $10,948,225 · management and general $1,746,539

  • 23 · Insurance

    total $1,984,996 · program services $1,922,656 · management and general $62,340

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $51,492,989 · program services $51,492,989

  • 24b · Other expenses: OTHER DIRECT EXPENSES

    total $1,260,970 · management and general $1,260,970

  • 24c · Other expenses: LICENSE/PERMITS

    total $592,776 · program services $459,285 · management and general $133,491

  • 24d · Other expenses: DUES/MEMBERSHIPS/AWARD/INCENTIVES

    total $524,453 · program services $406,349 · management and general $118,104

  • 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 $8,961,779 · end of year $4,277,826

  • 2 · Savings and temporary cash investments

    beginning of year $3,307,222 · end of year $3,314,770

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $39,122,325 · end of year $40,293,797

  • 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 $1,300,062 · end of year $1,475,601

  • 8 · Inventories for sale or use

    beginning of year $5,487,765 · end of year $5,935,533

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,305,008 · end of year $4,576,842

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

    $219,034,628

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

    $70,606,426

  • 10c · Land, buildings and equipment, net

    beginning of year $155,363,704 · end of year $148,428,202

  • 11 · Investments: publicly traded securities

    beginning of year $961,314 · end of year $985,293

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $107,225,493 · end of year $103,336,557

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,598,851 · end of year $54,512,065

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $204,963,426 · end of year $176,621,904

  • 27 · Net assets without donor restrictions

    beginning of year $67,586,893 · end of year $75,030,298

  • 28 · Net assets with donor restrictions

    beginning of year $3,885,502 · end of year $6,460,154

Mission and programs · 2023

Mission

CARE IN A COMPASSIONATE, PROFESSIONAL AND RESPECTFUL MANNER, WITHOUT REGARD TO RACE, RELIGION, NATIONAL ORIGIN OR DISEASE.

Activities or mission (Part I)

TO SERVE THE HEALTHCARE NEEDS OF THE COMMUNITY AND TO PROVIDE QUALITY CARE IN A COMPASSIONATE, PROFESSIONAL MANNER, WITHOUT REGARD TO RACE, RELIGION, NATURAL ORIGIN OR DISEASE.

  • HUDSON VALLEY HOSPITAL CENTER DBA NEWYORK-PRESBYTERIAN/HUDSON VALLEY HOSPITAL, PART OF THE NEWYORK-PRESBYTERIAN REGIONAL HOSPITAL NETWORK is committed to providing compassionate care specifically tailored to meet your needs. We are a fully accredited non-profit 128-bed facility offering a wide range of inpatient and outpatient services and ambulatory care. Our physicians provide care in more than 60 specialties, including women's health, cancer, orthopedics and sports medicine, cardiology, digestive health, bariatric (weight loss) surgery, and more. We also offer a robust robotic surgery program, which uses the latest technology for minimally invasive procedures. Among our top surgeons and specialists are physicians from ColumbiaDoctors, the faculty practice of Columbia University Irving Medical Center. Our patients benefit from the more than 35 primary care and multispecialty NewYork-Presbyterian Medical Group Hudson Valley offices located throughout Westchester County and the Hudson Valley. If you need more advanced care, the medical group and hospital offer seamless access to the vast resources provided by NewYork-Presbyterian and ColumbiaDoctors. THE HOSPITAL HAD 8,465 DISCHARGES, 141,641 OTHER OUTPATIENT VISITS AND PROVIDED 32,783 OUTPATIENT EMERGENCY ROOM VISITS PLUS 8,458 AMBULATORY SURGERY PROCEDURES.

    Expenses $254,281,299 · Grants $23,309,566 · Revenue $275,463,971

As filed on the 2023 return.

Listed in Part VII

  • Stacey Petrower

    EX-OFFICIO/PRESIDENT

    Total calculated
    $1,056,972
    From this org
    $0
    From related orgs
    $989,168
    Other
    $67,804
    Hours/week
    57.5 + 2.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $581,752 related
    Bonus
    $0 + $320,610 related
    Other
    $0 + $86,806 related
    Deferred
    $0 + $44,644 related
    Nontaxable benefits
    $0 + $23,160 related
    Filer's total
    $0 + $1,056,972 related

  • Brian K Regan

    DIRECTOR

    Total calculated
    $633,556
    From this org
    $0
    From related orgs
    $553,886
    Other
    $79,670
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $387,024 related
    Bonus
    $0 + $115,786 related
    Other
    $0 + $51,076 related
    Deferred
    $0 + $44,354 related
    Nontaxable benefits
    $0 + $35,316 related
    Filer's total
    $0 + $633,556 related

  • Catherine E Pisani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Edward MacDonald Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Dare

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Delfino

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Bobby Janda

    CMO & CHIEF QUALITY OFFICER

    Total calculated
    $566,072
    From this org
    $0
    From related orgs
    $506,784
    Other
    $59,288
    Hours/week
    59.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $377,608 related
    Bonus
    $0 + $98,179 related
    Other
    $0 + $30,997 related
    Deferred
    $0 + $17,117 related
    Nontaxable benefits
    $0 + $42,171 related
    Filer's total
    $0 + $566,072 related

  • Emily Jackson

    CNO & VP PATIENT SERVICES

    Total calculated
    $418,074
    From this org
    $0
    From related orgs
    $379,805
    Other
    $38,269
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $0 + $289,078 related
    Bonus
    $0 + $72,101 related
    Other
    $0 + $18,626 related
    Deferred
    $0 + $21,134 related
    Nontaxable benefits
    $0 + $17,135 related
    Filer's total
    $0 + $418,074 related

  • Mary Braunsdorf

    SECRETARY

    Total calculated
    $193,350
    From this org
    $0
    From related orgs
    $167,219
    Other
    $26,131
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,330 related
    Bonus
    $0 + $9,795 related
    Other
    $0 + $1,094 related
    Deferred
    $0 + $11,536 related
    Nontaxable benefits
    $0 + $14,595 related
    Filer's total
    $0 + $193,350 related

  • Melissa E Welch

    ASS'T CORPORATE SECRETARY

    Total calculated
    $231,016
    From this org
    $0
    From related orgs
    $192,422
    Other
    $38,594
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,560 related
    Bonus
    $0 + $6,703 related
    Other
    $0 + $159 related
    Deferred
    $0 + $21,470 related
    Nontaxable benefits
    $0 + $17,124 related
    Filer's total
    $0 + $231,016 related

  • Pratik Thaker

    VP OPERATIONS

    Total calculated
    $427,814
    From this org
    $0
    From related orgs
    $354,587
    Other
    $73,227
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $0 + $275,866 related
    Bonus
    $0 + $60,021 related
    Other
    $0 + $18,700 related
    Deferred
    $0 + $27,260 related
    Nontaxable benefits
    $0 + $45,967 related
    Filer's total
    $0 + $427,814 related

  • S Angela Gonzalez-Perez

    VP OPERATIONS

    Total calculated
    $542,657
    From this org
    $0
    From related orgs
    $453,553
    Other
    $89,104
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $0 + $312,024 related
    Bonus
    $0 + $108,545 related
    Other
    $0 + $32,984 related
    Deferred
    $0 + $41,919 related
    Nontaxable benefits
    $0 + $47,185 related
    Filer's total
    $0 + $542,657 related

  • Sedrick O'Connor

    VP HUMAN RESOURCES

    Total calculated
    $423,762
    From this org
    $0
    From related orgs
    $359,568
    Other
    $64,194
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $0 + $262,853 related
    Bonus
    $0 + $81,128 related
    Other
    $0 + $15,587 related
    Deferred
    $0 + $22,345 related
    Nontaxable benefits
    $0 + $41,849 related
    Filer's total
    $0 + $423,762 related

  • Sharon Mandel

    CORPORATE DIRECTOR, FINANCE

    Total calculated
    $494,540
    From this org
    $0
    From related orgs
    $399,211
    Other
    $95,329
    Hours/week
    32 + 3 related

    Schedule J breakdown matched by us

    Base
    $0 + $348,403 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $808 related
    Deferred
    $0 + $49,354 related
    Nontaxable benefits
    $0 + $45,975 related
    Filer's total
    $0 + $494,540 related

  • William Higgins

    VP/REG EXECUTIVE MEDICAL DIR

    Total calculated
    $677,830
    From this org
    $0
    From related orgs
    $632,625
    Other
    $45,205
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $450,722 related
    Bonus
    $0 + $112,349 related
    Other
    $0 + $69,554 related
    Deferred
    $0 + $17,117 related
    Nontaxable benefits
    $0 + $28,088 related
    Filer's total
    $0 + $677,830 related

  • Abdallah Iraqi

    SPECIALIST ANGIOPLASTY

    Total calculated
    $354,287
    From this org
    $299,623
    From related orgs
    $0
    Other
    $54,664
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $298,983
    Bonus
    $0
    Other
    $640
    Deferred
    $12,913
    Nontaxable benefits
    $41,751
    Filer's total
    $354,287

  • Arif Mohammed

    CHIEF CERT. RN ANESTHETIST

    Total calculated
    $287,231
    From this org
    $258,994
    From related orgs
    $0
    Other
    $28,237
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $248,756
    Bonus
    $10,000
    Other
    $238
    Deferred
    $15,434
    Nontaxable benefits
    $12,803
    Filer's total
    $287,231

  • Jennifer Hensel

    CERTIFIED RN ANESTHETIST

    Total calculated
    $357,110
    From this org
    $324,642
    From related orgs
    $0
    Other
    $32,468
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $319,431
    Bonus
    $5,000
    Other
    $211
    Deferred
    $18,363
    Nontaxable benefits
    $14,105
    Filer's total
    $357,110

  • Meejin Shim

    CERTIFIED RN ANESTHETIST

    Total calculated
    $398,420
    From this org
    $353,256
    From related orgs
    $0
    Other
    $45,164
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $353,008
    Bonus
    $0
    Other
    $248
    Deferred
    $18,868
    Nontaxable benefits
    $26,296
    Filer's total
    $398,420

  • Melissa Mascia

    CERTIFIED RN ANESTHETIST

    Total calculated
    $401,936
    From this org
    $337,912
    From related orgs
    $0
    Other
    $64,024
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $337,912
    Bonus
    $0
    Other
    $0
    Deferred
    $19,105
    Nontaxable benefits
    $44,919
    Filer's total
    $401,936

  • Suzanne P Horgan

    FORMER OFFICER

    Total calculated
    $242,628
    From this org
    $200,220
    From related orgs
    $0
    Other
    $42,408
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $184,497
    Bonus
    $9,000
    Other
    $6,723
    Deferred
    $12,986
    Nontaxable benefits
    $29,422
    Filer's total
    $242,628

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

  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
COMPENSATION DECISIONS FOR THE PRESIDENT WAS DETERMINED BY A RELATED ORGANIZATION FOLLOWING THAT ORGANIZATION'S COMPENSATION POLICY.
Schedule J, Part I, Line 7 Non-fixed payments
SEE SCHEDULE O LINE 15 - FOR NON-FIXED PAYMENTS.

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

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.

  • NYP PROGRAMS INC

    C Corporation · HEALTHCARE · NY

    Directly controlled by NYP FOUNDATION

  • NYP SERVICES INC

    C Corporation · HEALTHCARE · NY

    Directly controlled by NYP FOUNDATION

  • NEW YORK-PRESBYTERIAN GLOBAL INC

    C Corporation · INACTIVE · NY

    Directly controlled by NYP FOUNDATION

  • HARKNESS HALL CLUB INC

    C Corporation · INACTIVE · NY

    Directly controlled by NYP HOSPITAL

  • VERNON HILLS MEDICAL PRACTICE PC

    C Corporation · INACTIVE · NY

    Directly controlled by NYP HOSPITAL

  • NYP GLOBAL SERVICES INC

    C Corporation · INACTIVE · NY

    Directly controlled by NYP FUND INC

  • HUDSON VALLEY VENTURES INC

    C Corporation · INACTIVE · NY

    Directly controlled by WESTCHESTER PUT

  • AC VENTURES INC

    C Corporation · REAL ESTATE · NY

    Directly controlled by WESTCHESTER PUT

  • KNOWA VENTURES INC

    C Corporation · INACTIVE · NY

    Directly controlled by WESTCHESTER PUT

  • MSO OF KINGS COUNTY LLC

    C Corporation · EMPLOY/STAFFING · NY

    Directly controlled by NYP HOSPITAL

  • LC SERVICES CORPORATION

    C Corporation · INACTIVE · NY

    Directly controlled by LAWRENCE CARE

  • NETWORK INSURANCE COMPANY LTD

    C Corporation · REINSURANCE · BD

    Directly controlled by NYP SYSTEMS INC

  • CRT SURGICAL ASSOCIATES PC

    C Corporation · INACTIVE · NY

    Directly controlled by NYPQUEENS

  • CHARITABLE REMAINDER TRUST

    Trust · BENEFICIAL INTEREST · NY

    Directly controlled by FDN OF NYPHV HOSP

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202433169349302588

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