Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $137,200

• 1e · Government grants (contributions)

  $200,000

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $117,742,952 · related or exempt $117,742,952

• 3 · Investment income

  total $411,622 · excluded $411,622

• 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

  $24,010

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

  $137,200

• 8b · Fundraising events: direct expenses

  $54,065

• 8c · Net income from fundraising events

  total -$30,055 · excluded -$30,055

• 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: MEDICAL ABSTRACT FEES

  total $58,987 · excluded $58,987

• 11b · Other revenue: OTHER

  total $1,111,778 · excluded $1,111,778

• 11e · Other revenue, total

  $1,170,765

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 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 $4,536,690 · management and general $4,536,690

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $58,426,842 · program services $56,066,193 · management and general $2,360,649

• 8 · Pension plan contributions

  total $5,859,090 · program services $5,511,596 · management and general $347,494

• 9 · Other employee benefits

  total $12,250,822 · program services $11,106,962 · management and general $1,143,860

• 10 · Payroll taxes

  total $4,514,215 · program services $4,047,128 · management and general $467,087

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $125,042 · management and general $125,042

• 11c · Fees: accounting

  total $255,232 · management and general $255,232

• 11d · Fees: lobbying

  total $35,160 · management and general $35,160

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $17,261,602 · program services $15,507,062 · management and general $1,754,540

• 12 · Advertising and promotion

  total $4,250 · program services $3,810 · management and general $440

• 13 · Office expenses

  total $2,037,603 · program services $626,918 · management and general $1,410,685

• 14 · Information technology

  total $204,288 · program services $183,150 · management and general $21,138

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $1,667,040 · program services $1,494,551 · management and general $172,489

• 17 · Travel

  total $0

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $285,810 · program services $256,237 · management and general $29,573

• 20 · Interest

  total $0

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $4,295,870 · program services $3,851,375 · management and general $444,495

• 23 · Insurance

  total $2,319,687 · program services $2,079,668 · management and general $240,019

• 24a · Other expenses: MEDICAL SUPPLIES

  total $15,359,495 · program services $15,359,495

• 24b · Other expenses: FOOD

  total $878,810 · program services $787,879 · management and general $90,931

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $17,937,839 · end of year $793,261

• 2 · Savings and temporary cash investments

  beginning of year $22,569,187 · end of year $15,418,030

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $18,734,107 · end of year $15,657,111

• 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 $2,596,117 · end of year $2,610,638

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,277,960 · end of year $485,009

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

  $117,448,697

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

  $77,890,424

• 10c · Land, buildings and equipment, net

  beginning of year $31,914,768 · end of year $39,558,273

• 11 · Investments: publicly traded securities

  beginning of year $4,602,131 · end of year $3,652,291

• 12 · Investments: other securities

  beginning of year $0 · end of year $0

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $1,064,559 · end of year $4,085,444

• 17 · Accounts payable and accrued expenses

  beginning of year $29,181,486 · end of year $23,181,385

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $13,693,893 · end of year $0

• 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 $20,930,974 · end of year $18,462,594

• 27 · Net assets without donor restrictions

  beginning of year $37,890,315 · end of year $40,616,078

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 4a

The following persons received a severance payment from a related organization: Michael Antoniades: $180,000 John Mallia: $300,000 Joyce Leahy: $152,394

Schedule J, Part I, Line 4b

THE FOLLOWING PERSONS PARTICIPATED IN A 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: KENNETH GIBBS, JOHN MALLIA, JOYCE LEAHY, Michael Antoniades, AND LAURIE E WEINSTEIN. THE MAIMONIDES MEDICAL CENTER SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR CHIEF EXECUTIVE OFFICER AND EXECUTIVE VICE PRESIDENTS (THE 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 2022. IN ACCORDANCE WITH THE TERMS OF THE SERP PLAN, as amended from time to time, VESTED BENEFITS WERE PAID OUT IN 2022 TO THE FOLLOWING PARTICIPANTS: KENNETH GIBBS - $398,380 MICHAEL ANTONIADES - $332,132; LAURIE E WEINSTEIN - $125,400; 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 6b

DR. RALPH MADEB RECEIVES 70% OF NET PROCEEDS FROM LAKE COUNTRY UROLOGY.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• NEW YORK COMMUNITY MEDICAL & SURGICAL PC

  MED CLINIC · NY

  Directly controlled by NY COMM HOSP

Related corporations and trusts

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

• LAKE COUNTRY UROLOGY PLLC

  C-CORP · MEDICAL SERVICES · NY · 100% owned · share of income $321,335 · share of assets $53,102 · controlled entity

  Directly controlled by MMCH