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← MEDICAL ASSOCIATES OF ENGLEWOOD PC

Form 990 for tax year 2023

Filed by MEDICAL ASSOCIATES OF ENGLEWOOD PC.

Totals

Total revenue
$353,252,260
Total expenses
$353,252,260
Contributions and grants received
$0
Grants paid
$1,753,715
Program service revenue
$353,159,662
Investment income
$92,598
Other revenue
$0
Total assets, end of year
$40,012,346
Total liabilities, end of year
$40,012,346
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$340,357,382
Management and general expenses
$12,894,878
Fundraising expenses
$0
Program service expenses (Part III)
$340,357,382

Program services were 96.3% 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: NET PATIENT SERVICES REVENUE

    total $179,657,095 · related or exempt $179,657,095

  • 2b · Program service revenue: OTHER HEALTHCARE RELATED REVENUE

    total $173,502,567 · related or exempt $173,502,567

  • 3 · Investment income

    total $92,598 · excluded $92,598

  • 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

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,753,715 · program services $1,753,715

  • 2 · Grants to domestic individuals

    total $0

  • 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 $1,992,334 · program services $735,294 · management and general $1,257,040

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $109,876,589 · program services $108,815,895 · management and general $1,060,694

  • 8 · Pension plan contributions

    total $632,760 · program services $626,749 · management and general $6,011

  • 9 · Other employee benefits

    total $16,097,800 · program services $15,879,056 · management and general $218,744

  • 10 · Payroll taxes

    total $3,225,154 · program services $3,194,515 · management and general $30,639

  • 11a · Fees: management

    total $631,179 · program services $506,179 · management and general $125,000

  • 11b · Fees: legal

    total $1,174,515 · management and general $1,174,515

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $152,430,972 · program services $149,029,746 · management and general $3,401,226 · fundraising $0

  • 12 · Advertising and promotion

    total $168,771 · program services $168,771

  • 13 · Office expenses

    total $10,201,039 · program services $8,340,373 · management and general $1,860,666

  • 14 · Information technology

    total $5,618,909 · program services $5,057,018 · management and general $561,891

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $26,019,445 · program services $26,019,445

  • 17 · Travel

    total $368 · management and general $368

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $8,649,881 · program services $8,649,881

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $11,292,955 · program services $11,292,955

  • 24b · Other expenses: ALLOCATION OF PERSONNEL COST

    total $3,191,532 · management and general $3,191,532

  • 24c · Other expenses: EMERGENCY COVID-19

    total $294,342 · program services $287,790 · management and general $6,552

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,573,534 · end of year $16,643,328

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $20,187,544 · end of year $19,428,244

  • 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 $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,592,192 · end of year $1,677,541

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $2,241,458 · end of year $1,367,848

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $774,819 · end of year $895,385

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,044,208 · end of year $29,431,774

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,173,096 · end of year $1,148,503

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 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 $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $12,152,243 · end of year $9,432,069

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

THE ORGANIZATION'S MISSION IS TO PUT PATIENTS FIRST BY BRINGING TOGETHER PHYSICIANS WITHIN A COMPREHENSIVE SYSTEM THAT DELIVERS THE HIGHEST QUALITY OF CARE. MEDICAL ASSOCIATES OF ENGLEWOOD, P.C. ("ENGLEWOOD HEALTH PHYSICIAN NETWORK") IS THE PHYSICIAN NETWORK OF ENGLEWOOD HOSPITAL. THE ENGLEWOOD HEALTH PHYSICIAN NETWORK IS COMPRISED OF A GROWING GROUP OF HUNDREDS OF PHYSICIANS, REPRESENTING A RANGE OF SPECIALTIES, WITH A MULTITUDE OF CONVENIENT LOCATIONS THROUGHOUT NORTHERN NEW JERSEY AND ROCKLAND COUNTY, NEW YORK. THE ORGANIZATION'S PRIORITY IS TO PROVIDE PATIENTS AND THEIR FAMILIES WITH QUALITY HEALTHCARE USING TODAY'S MOST INNOVATIVE TECHNIQUES AND PROCEDURES, ALL DELIVERED WITHIN A COMPASSIONATE, HUMANISTIC ENVIRONMENT. BY TURNING TO AN ENGLEWOOD HEALTH NETWORK PHYSICIAN, PATIENTS WILL GAIN ACCESS TO A TEAM OF PHYSICIANS WHO ARE ALL CONNECTED THROUGH A UNIFIED MEDICAL RECORDS SYSTEM. THIS CONNECTIVITY ENSURES THAT PATIENT CARE WILL BE SEAMLESSLY COORDINATED, INTEGRATED AND STREAMLIN

Activities or mission (Part I)

TO PUT PATIENTS FIRST BY BRINGING TOGETHER PHYSICIANS WITHIN A COMPREHENSIVE SYSTEM THAT DELIVERS THE HIGHEST QUALITY OF CARE.

  • EXPENSES INCURRED IN ENGAGING IN THE PRACTICE OF MEDICINE AND RELATED SERVICES IN FURTHERANCE OF THE CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES OF ENGLEWOOD HOSPITAL; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT HOSPITAL ORGANIZATION.

    Expenses $340,357,382 · Grants $1,753,715 · Revenue $353,159,662

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Thomas Bernik MD

    CHIEF OF SERVICE-VASCULAR SURG

    Total calculated
    $1,373,113
    From this org
    $1,334,942
    From related orgs
    $0
    Other
    $38,171
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $943,521
    Bonus
    $386,019
    Other
    $5,402
    Deferred
    $9,900
    Nontaxable benefits
    $28,271
    Filer's total
    $1,373,113

  • Stephen Brunnquell MD

    PRESIDENT, PHYSICAN NETWORK

    Total calculated
    $1,257,040
    From this org
    $1,237,806
    From related orgs
    $0
    Other
    $19,234
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $608,828
    Bonus
    $614,000
    Other
    $14,978
    Deferred
    $0
    Nontaxable benefits
    $19,234
    Filer's total
    $1,257,040

  • Anthony T Orlando

    TREASURER; EVP FINANCE/CFO

    Total calculated
    $1,252,775
    From this org
    $0
    From related orgs
    $1,090,129
    Other
    $162,646
    Hours/week
    5 + 58 related

    Schedule J breakdown matched by us

    Base
    $0 + $732,585 related
    Bonus
    $0 + $140,700 related
    Other
    $0 + $216,844 related
    Deferred
    $0 + $133,750 related
    Nontaxable benefits
    $0 + $28,896 related
    Filer's total
    $0 + $1,252,775 related

  • Nimesh P Nagarsheth MD

    MED DIR - SURGICAL ONCOLOGY

    Total calculated
    $1,083,938
    From this org
    $1,041,067
    From related orgs
    $0
    Other
    $42,871
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $835,522
    Bonus
    $202,423
    Other
    $3,122
    Deferred
    $6,600
    Nontaxable benefits
    $36,271
    Filer's total
    $1,083,938

  • Christos Stavropoulos MD

    MED DIR - THORACIC SURGERY

    Total calculated
    $1,023,451
    From this org
    $995,296
    From related orgs
    $0
    Other
    $28,155
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $693,632
    Bonus
    $298,818
    Other
    $2,846
    Deferred
    $0
    Nontaxable benefits
    $28,155
    Filer's total
    $1,023,451

  • Adam Arnofsky MD

    CARDIOTHORACIC SURGEON

    Total calculated
    $980,785
    From this org
    $949,884
    From related orgs
    $0
    Other
    $30,901
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $947,012
    Bonus
    $0
    Other
    $2,872
    Deferred
    $6,600
    Nontaxable benefits
    $24,301
    Filer's total
    $980,785

  • Anna Serur MD

    SECT CHIEF COLON & RECTAL SURG

    Total calculated
    $950,990
    From this org
    $918,452
    From related orgs
    $0
    Other
    $32,538
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $672,702
    Bonus
    $242,628
    Other
    $3,122
    Deferred
    $9,750
    Nontaxable benefits
    $22,788
    Filer's total
    $950,990

  • Hillary Cohen MD

    TRUSTEE - VP MEDICAL AFFAIRS

    Total calculated
    $907,568
    From this org
    $689,095
    From related orgs
    $172,274
    Other
    $46,199
    Hours/week
    40 + 15 related

    Schedule J breakdown matched by us

    Base
    $421,485 + $172,274 related
    Bonus
    $265,400
    Other
    $2,210
    Deferred
    $9,900
    Nontaxable benefits
    $36,299
    Filer's total
    $735,294 + $172,274 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I; QUESTION 4B
The deferred compensation amount reflected in Schedule J, Part II, Column B(iii) for the following individual includes current year vesting in AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) as the amount was no longer subject to a substantial risk of complete forfeiture. The amount outlined herein was included in the individual's 2023 Form W-2, Box 5, as taxable Medicare wages: ANTHONY T. ORLANDO, $150,000. THE DEFERRED COMPENSATION AMOUNT REFLECTED IN SCHEDULE J, PART II, COLUMN C FOR THE FOLLOWING INDIVIDUAL INCLUDES UNVESTED BENEFITS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) WHICH ARE SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. ACCORDINGLY, THIS INDIVIDUAL MAY NEVER ACTUALLY RECEIVE THE UNVESTED BENEFIT AMOUNT. THE AMOUNT OUTLINED HEREIN WAS NOT INCLUDED IN THE INDIVIDUAL'S 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: ANTHONY T. ORLANDO, $100,000.
SCHEDULE J, PART I; QUESTION 7
CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED an incentive payment DURING CALENDAR YEAR 2023 WHICH WAS INCLUDED IN SCHEDULE J, PART II, COLUMN B(II) HEREIN AND IN EACH INDIVIDUAL'S 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION BY PERSON BY AMOUNT.
SCHEDULE J, PART II; COLUMN F
THE AMOUNT REPORTED IN SCHEDULE J, PART II, COLUMN (F) INCLUDEs VESTED BENEFITS IN A DEFERRED COMPENSATION PLAN AS THis AMOUNT Was NO LONGER SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. THis amount Was REPORTED AS DEFERRED COMPENSATION ON PRIOR YEARS' FORMS 990 AND is NOW BEING REPORTED AGAIN ON THIS YEAR'S FORM 990. THis HAs BEEN TREATED AS TAXABLE INCOME AND REPORTED ON the INDIVIDUAL'S FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES.

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.

  • ENGLEWOOD HEALTHCARE ENTERPRISES INC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.1
Source object
202423199349308642

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