Skip to content
Nonprofiteer
← HOMESTEAD HOSPITAL INC

Form 990 for tax year 2024

Filed by HOMESTEAD HOSPITAL INC.

Totals

Total revenue
$569,147,137
Total expenses
$570,538,966
Contributions and grants received
$1,355,731
Grants paid
$29,750
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$531,844,587
Management and general expenses
$38,694,379
Fundraising expenses
$0
Program service expenses (Part III)
$531,844,587

Program services were 93.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ANDY HERNANDEZ

    DIRECTOR - BEG 10/2024

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • ARIANNA CABRERA DE ONA

    DIRECTOR - BEG 9/2025

    Total calculated
    $0
    Hours/week
    2

  • BILL R TILLETT

    DIRECTOR

    Total calculated
    $330
    From this org
    $0
    From related orgs
    $330
    Other
    $0
    Hours/week
    2 + 6 related

  • GEORGE E CADMAN III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • JEANNE F JACOBS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHANNA PATERSON CARRIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOSE PRADO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JUAN PABLO IBARRA

    DIRECTOR - BEG 9/2025

    Total calculated
    $0
    Hours/week
    2

  • MARIA COSTA SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RAO UPPALURI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RENE W TAYLOR

    DIRECTOR

    Total calculated
    $99
    From this org
    $0
    From related orgs
    $99
    Other
    $0
    Hours/week
    2

  • REV WILLIAM CHAMBERS III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • STEVEN SAPP

    DIRECTOR - END 12/2024

    Total calculated
    $0
    Hours/week
    2

  • WILLIE CARPENTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • YURIANNA MIKOLAY

    DIRECTOR - BEG 1/2025

    Total calculated
    $0
    Hours/week
    2

  • EDWARD G SHASHATY

    VP FINANCE HOSPITAL OPERATIONS

    Total calculated
    $823,623
    From this org
    $0
    From related orgs
    $680,064
    Other
    $143,559
    Hours/week
    8 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $413,707 related
    Bonus
    $0 + $258,241 related
    Other
    $0 + $8,116 related
    Deferred
    $0 + $98,248 related
    Nontaxable benefits
    $0 + $45,311 related
    Filer's total
    $0 + $823,623 related

  • KENNETH SPELL

    CEO

    Total calculated
    $1,151,013
    From this org
    $0
    From related orgs
    $974,491
    Other
    $176,522
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $529,957 related
    Bonus
    $0 + $399,004 related
    Other
    $0 + $45,530 related
    Deferred
    $0 + $149,515 related
    Nontaxable benefits
    $0 + $27,007 related
    Filer's total
    $0 + $1,151,013 related

  • ANA CABRERA

    VP OF NURSING

    Total calculated
    $464,564
    From this org
    $375,726
    From related orgs
    $0
    Other
    $88,838
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $254,499
    Bonus
    $110,328
    Other
    $10,899
    Deferred
    $51,506
    Nontaxable benefits
    $37,332
    Filer's total
    $464,564

  • CHARLES ANDERSON AUGUSTUS II

    CHIEF MEDICAL OFFICER

    Total calculated
    $656,031
    From this org
    $622,012
    From related orgs
    $0
    Other
    $34,019
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $357,202
    Bonus
    $246,355
    Other
    $18,455
    Deferred
    $6,900
    Nontaxable benefits
    $27,119
    Filer's total
    $656,031

  • DAVID ABERCROMBIE

    VP OPERATIONS

    Total calculated
    $477,581
    From this org
    $408,138
    From related orgs
    $0
    Other
    $69,443
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $266,356
    Bonus
    $134,137
    Other
    $7,645
    Deferred
    $37,842
    Nontaxable benefits
    $31,601
    Filer's total
    $477,581

  • JULIE DAVID

    AVP NURSING

    Total calculated
    $225,420
    From this org
    $216,791
    From related orgs
    $0
    Other
    $8,629
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $169,964
    Bonus
    $41,474
    Other
    $5,353
    Deferred
    $4,325
    Nontaxable benefits
    $4,304
    Filer's total
    $225,420

  • MIGUEL A CRUZ

    FLOAT RN EXPERT

    Total calculated
    $230,086
    From this org
    $207,141
    From related orgs
    $0
    Other
    $22,945
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $190,990
    Bonus
    $3,323
    Other
    $12,828
    Deferred
    $4,222
    Nontaxable benefits
    $18,723
    Filer's total
    $230,086

  • PALOMA CASERMEIRO

    SPECIALIZED RN

    Total calculated
    $246,642
    From this org
    $212,473
    From related orgs
    $0
    Other
    $34,169
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $201,736
    Bonus
    $10,654
    Other
    $83
    Deferred
    $4,388
    Nontaxable benefits
    $29,781
    Filer's total
    $246,642

  • SHERINE MITCHELL

    AVP NURSING

    Total calculated
    $259,870
    From this org
    $241,607
    From related orgs
    $0
    Other
    $18,263
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $177,870
    Bonus
    $44,617
    Other
    $19,120
    Deferred
    $142
    Nontaxable benefits
    $18,121
    Filer's total
    $259,870

  • WINIFRED PARDO

    PHARMACY MANAGER

    Total calculated
    $242,971
    From this org
    $204,789
    From related orgs
    $0
    Other
    $38,182
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $171,157
    Bonus
    $22,456
    Other
    $11,176
    Deferred
    $4,208
    Nontaxable benefits
    $33,974
    Filer's total
    $242,971

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

  • 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, LINE 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION
THE CEO OF HOMESTEAD HOSPITAL IS COMPENSATED BY BHSF, A RELATED ORGANIZATION. THE DETERMINATION OF THE COMPENSATION OF THE CEO FOLLOWS THE SAME PROCESS DELINEATED HEREIN. THE BYLAWS OF HOMESTEAD HOSPITAL DELEGATE THE AUTHORITY TO SET EXECUTIVE COMPENSATION TO BHSF. BHSF'S COMPENSATION COMMITTEE IS COMPRISED EXCLUSIVELY OF INDEPENDENT BOARD MEMBERS WHO SERVE VOLUNTARILY WITHOUT ANY REMUNERATION, AND WHO MUST ADHERE TO A STRINGENT CONFLICT OF INTEREST POLICY THAT PRECLUDES THEM OR THEIR FAMILIES FROM DOING BUSINESS WITH BAPTIST HEALTH. THE COMMITTEE IS RESPONSIBLE FOR REVIEWING THE PERFORMANCE AND APPROVING THE COMPENSATION FOR EXECUTIVES. THE TERM "COMPENSATION" INCLUDES SALARIES, BENEFITS AND INCENTIVES. THE COMPENSATION COMMITTEE ANNUALLY ENGAGES A NATIONALLY-RECOGNIZED, INDEPENDENT CONSULTANT TO CONDUCT COMPENSATION SURVEYS AND TO ADVISE THE BOARD ON COMPENSATION POLICIES. THE COMPENSATION COMMITTEE DECISIONS ARE BASED ON THE FOLLOWING: 1. TOTAL COMPENSATION PACKAGE: RECRUITMENT AND RETENTION OF CAPABLE, PRODUCTIVE EXECUTIVES IS ACCOMPLISHED THROUGH DESIGN OF A TOTAL COMPENSATION PACKAGE THAT INCLUDES A BASE SALARY, AT-RISK INCENTIVE PAY, AND BENEFITS. IT IS THE OBJECTIVE OF BAPTIST HEALTH TO ENSURE A CONSISTENT COMPENSATION PHILOSOPHY ACROSS ALL EMPLOYEE AND LEADERSHIP LEVELS THAT REWARDS OUTSTANDING PERFORMANCE USING A CASH PLUS EMPLOYEE BENEFITS PACKAGE TARGETING THE 75TH PERCENTILE. BASE SALARIES OF FULLY PRODUCTIVE EXECUTIVES ARE INDEXED TO THE MEDIAN (50TH PERCENTILE) SALARY PAID BY SIMILAR HEALTHCARE ORGANIZATIONS. INCENTIVE PAY FOR SUPERIOR ACHIEVEMENT PROVIDES THE OPPORTUNITY FOR TOTAL CASH COMPENSATION AT THE 75TH PERCENTILE OF THE EXECUTIVE'S PEER GROUP IF THE EXECUTIVE EXCEEDS HIS/HER PERFORMANCE METRICS. 2. PERFORMANCE-BASED SALARY INCREASES: ONE OF THE KEY ELEMENTS OF BAPTIST HEALTH'S EXECUTIVE COMPENSATION PHILOSOPHY IS "PAY FOR PERFORMANCE." SALARY INCREASES ARE BASED UPON THE DEGREE TO WHICH EACH EXECUTIVE ACHIEVES HIS/HER INDIVIDUAL PERFORMANCE OBJECTIVES FOR THE YEAR, WHICH ARE TIED TO CORPORATE OBJECTIVES. GENERALLY THESE OBJECTIVES RELATE TO CLINICAL QUALITY; PATIENT, PHYSICIAN AND COMMUNITY SATISFACTION; CHARITY CARE AND MISSION GOALS; FINANCIAL PERFORMANCE AND EXPENSE MANAGEMENT. INDIVIDUAL AND GROUP PERFORMANCE AGAINST THESE OBJECTIVES IS REVIEWED BY THE COMPENSATION COMMITTEE AND BOARD OF TRUSTEES ANNUALLY AFTER THE CLOSE OF THE FISCAL YEAR. 3. MARKET-BASED SALARY INCREASES: THE BOARD'S COMPENSATION COMMITTEE REVIEWS THE MARKET VALUE OF EXECUTIVE POSITIONS ANNUALLY TO ASSURE THAT BAPTIST HEALTH'S PAY LEVELS ARE COMPETITIVE. THE INDEPENDENT CONSULTANT, SELECTED BY THE COMPENSATION COMMITTEE, OBTAINS EXECUTIVE SALARY INFORMATION FOR FUNCTIONALLY COMPARABLE POSITIONS AT HEALTHCARE INSTITUTIONS OF COMPARABLE SIZE WITHIN FLORIDA AND THE UNITED STATES. BAPTIST HEALTH'S PEER GROUP IS COMPRISED OF OTHER COMPLEX NOT-FOR-PROFIT HOSPITAL SYSTEMS OF SIMILAR SIZE. THE PEER GROUP DOES NOT INCLUDE FOR-PROFIT HOSPITALS, WHOSE COMPENSATION PRACTICES ARE FAR MORE GENEROUS (AND INCLUDE SUCH THINGS AS STOCK OPTIONS AND EQUITY/OWNERSHIP INTERESTS). 4. NO GUARANTEED SALARY INCREASES: THERE IS NO GUARANTEE OF ANNUAL EXECUTIVE SALARY INCREASES. SALARY INCREASES DEPEND UPON THE ORGANIZATION'S ABILITY TO PAY, THE EXECUTIVE'S SALARY IN RELATION TO THE MARKET, THE EXECUTIVE'S PERFORMANCE LEVEL, AND INTERNAL PAY RELATIONSHIPS TO PEERS. 5. AT-RISK INCENTIVE PAY: KEY EXECUTIVES WHO CONTROL SIGNIFICANT ASSETS OR WHO HAVE A MAJOR IMPACT ON OPERATIONS MAY EARN INCENTIVE PAY. THE PURPOSE OF INCENTIVE PAY IS TO FOCUS EXECUTIVE ACTION ON KEY "PERFORMANCE THRESHOLDS CORPORATE GOALS THAT ARE APPROVED BY THE BOARD'S COMPENSATION COMMITTEE. THE ACHIEVEMENT OF THESE GOALS REQUIRES EXTRAORDINARY EFFORT, COMMITMENT AND ACHIEVEMENT. THE INCENTIVE COMPONENT OF THE EXECUTIVE'S TOTAL COMPENSATION IS VARIABLE AND TOTALLY AT RISK, DEPENDING UPON THE ACHIEVEMENT OF THE AGREED-UPON GOALS. 6. PERQUISITES: BAPTIST HEALTH EXECUTIVES ARE PROVIDED WITH A COMMON SET OF PERQUISITES THAT ARE TYPICAL OF OTHER RESPONSIBLE NOT-FOR-PROFIT ORGANIZATIONS TO ENABLE THEM TO MORE EFFECTIVELY CONDUCT THEIR BUSINESS. THESE BENEFITS ARE DEEMED BY THE COMPENSATION COMMITTEE TO BE APPROPRIATE AND CONSERVATIVE.
SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
AS PART OF THE BHSF EXECUTIVE BENEFIT PLAN, EXECUTIVES ARE ELIGIBLE TO ALLOCATE A PORTION OF THEIR FLEXIBLE SPENDING ALLOWANCE TO A SUPPLEMENTAL SURVIVOR ACCUMULATION BENEFIT (SSAB) ACCOUNT. THE SSAB IS A LIFE INSURANCE PRODUCT THAT PROVIDES A DEFERRED RETIREMENT BENEFIT FOR THE EXECUTIVE OR A DEATH BENEFIT FOR THE EXECUTIVE'S SURVIVORS. CONTRIBUTIONS TO THE SSAB MAY BE MADE ANNUALLY TO THE PARTICIPANT'S ACCOUNT. ALL CONTRIBUTIONS ACCUMULATE, ALONG WITH INVESTMENT EARNINGS, FOR THE PERIOD THE EXECUTIVE PARTICIPATES. THE EXECUTIVE DOES NOT HAVE ACCESS TO THE CONTRIBUTIONS MADE OR THE RELATED INVESTMENT INCOME, ALL OF WHICH IS SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE. PURSUANT TO THE SSAB PLAN GUIDELINES, THIS BENEFIT IS TERMINATED UPON AN EXECUTIVE REACHING AGE 65, HOWEVER, PAYMENT CAN BE DEFERRED TO A DATE AT LEAST TWO YEARS AFTER REACHING AGE 65 BUT NO LATER THAN 68. AT THAT TIME THE ENTIRE AMOUNT ACCUMULATED IS PAID OUT IN A LUMP SUM.
SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS
KEY EXECUTIVES WHO CONTROL SIGNIFICANT ASSETS OR WHO HAVE A MAJOR IMPACT ON OPERATIONS MAY EARN INCENTIVE PAY, CAPPED AT A PRE-DETERMINED PERCENTAGE OF THE EXECUTIVE'S BASE SALARY. THE PURPOSE OF INCENTIVE PAY IS TO FOCUS EXECUTIVE ACTION ON KEY "PERFORMANCE THRESHOLDS CORPORATE GOALS THAT ARE APPROVED BY THE BOARD'S COMPENSATION COMMITTEE. THE ACHIEVEMENT OF THESE GOALS REQUIRES EXTRAORDINARY EFFORT, COMMITMENT AND ACHIEVEMENT. THE INCENTIVE COMPONENT OF THE EXECUTIVE'S TOTAL COMPENSATION IS VARIABLE AND TOTALLY AT RISK, DEPENDING UPON THE ACHIEVEMENT OF THE AGREED-UPON GOALS.
SCHEDULE J, PART II, COLUMN (B)(II) EXECUTIVE COMPENSATION
ALL EXECUTIVE COMPENSATION IS REVIEWED AND APPROVED ANNUALLY BY THE COMPENSATION COMMITTEE, WHICH IS COMPRISED OF INDEPENDENT UNCOMPENSATED MEMBERS OF THE BOARD OF TRUSTEES WHO HAVE CERTIFIED THAT THEY HAVE NO CONFLICT OF INTEREST WITH THE ORGANIZATION. REPORTABLE COMPENSATION INCLUDES BASE SALARY AS WELL AS PAYMENTS UNDER A FORMAL INCENTIVE PLAN, WHICH REWARDS SUCCESSFUL ACHIEVEMENT OF SYSTEM OBJECTIVES.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.1
Source object
202632259349301823

The source document this was parsed from is served over the API, which is where bulk and document access live.