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Nonprofiteer
← KINGS PHYSICIAN SERVICES PC

Form 990 for tax year 2022

Filed by KINGS PHYSICIAN SERVICES PC.

Totals

Total revenue
$260,613,986
Total expenses
$260,613,986
Contributions and grants received
$82,634,564
Grants paid
$6,731,602
Program service revenue
$125,533,506
Investment income
$11,452
Other revenue
$52,434,464
Total assets, end of year
$70,224,980
Total liabilities, end of year
$46,226,865
Net assets or fund balances, end of year
$23,998,115
Program services expenses (Part IX)
$222,670,529
Management and general expenses
$37,943,457
Fundraising expenses
$0
Program service expenses (Part III)
$222,670,529

Program services were 85.4% 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

    $81,190,122

  • 1e · Government grants (contributions)

    $1,444,442

  • 2a · Program service revenue: NET PATIENT REVENUE

    total $125,533,506 · related or exempt $125,533,506

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $11,452 · excluded $11,452

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: TEACHING REVENUE

    total $51,595,100 · related or exempt $51,595,100

  • 11b · Other revenue: OTHER REVENUE

    total $489,739 · related or exempt $307,114 · excluded $182,625

  • 11c · Other revenue: INCENTIVES

    total $349,625 · related or exempt $349,625

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $52,434,464

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,731,602 · program services $6,731,602

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $664,691 · management and general $664,691

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $119,661,246 · program services $109,157,790 · management and general $10,503,456

  • 8 · Pension plan contributions

    total $1,279,050 · program services $1,160,867 · management and general $118,183

  • 9 · Other employee benefits

    total $15,943,689 · program services $14,272,827 · management and general $1,670,862

  • 10 · Payroll taxes

    total $7,306,774 · program services $6,716,402 · management and general $590,372

  • 11g · Fees: other

    total $68,045,382 · program services $50,380,307 · management and general $17,665,075 · fundraising $0

  • 12 · Advertising and promotion

    total $1,808 · management and general $1,808

  • 13 · Office expenses

    total $6,289,587 · program services $3,755,827 · management and general $2,533,760

  • 16 · Occupancy

    total $12,047,862 · program services $10,983,005 · management and general $1,064,857

  • 17 · Travel

    total $5,865 · management and general $5,865

  • 19 · Conferences, conventions and meetings

    total $179,810 · management and general $179,810

  • 22 · Depreciation, depletion and amortization

    total $2,242,004 · program services $2,034,844 · management and general $207,160

  • 23 · Insurance

    total $15,996,876 · program services $15,996,876

  • 24a · Other expenses: LICENSE, PERMITS & FEES

    total $201,724 · program services $183,085 · management and general $18,639

  • 24b · Other expenses: OVERHEAD EXPENSE

    total $2,718,919 · management and general $2,718,919

  • 24c · Other expenses: MEDICAL SUPPLIES

    total $1,297,097 · program services $1,297,097

  • 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 $13,646,340 · end of year $10,816,076

  • 4 · Accounts receivable

    beginning of year $4,581,720 · end of year $7,058,416

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,041,457 · end of year $316,613

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

    $30,562,390

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

    $10,409,735

  • 10c · Land, buildings and equipment, net

    beginning of year $21,876,195 · end of year $20,152,655

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $4,395,868 · end of year $31,881,220

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,453,989 · end of year $46,060,188

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $263,914 · end of year $166,677

  • 27 · Net assets without donor restrictions

    beginning of year $24,823,677 · end of year $23,998,115

Mission and programs · 2022

Mission

TO PROVIDE EXCELLENT MEDICAL HEALTH CARE SERVICES TO PATIENTS WITHOUT REGARD TO AGE, SEX, RACE, CREED, NATIONAL ORIGIN OR DISABILITIES.

  • TO PROVIDE EXCELLENT MEDICAL HEALTH CARE SERVICES TO PATIENTS WITHOUT REGARD TO AGE, SEX, RACE, CREED, NATIONAL ORIGIN OR DISABILITY IN THE AREAS OF INTERNAL MEDICINE, NEURO PSYCH, CARDIOLOGY, OB/GYN, PEDIATICS, FAMILY HEALTH, SURGERY, UROLOGY, PODIATRY AND OTHER MEDICAL AREAS.

    Expenses $222,670,529 · Grants $6,731,602 · Revenue $177,785,345

As filed on the 2022 return.

Listed in Part VII

  • STEVEN SILBER

    PRESIDENT

    Total calculated
    $742,033
    From this org
    $0
    From related orgs
    $686,820
    Other
    $55,213
    Hours/week
    53.4 + 6.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $528,228 related
    Bonus
    $0 + $76,684 related
    Other
    $0 + $81,908 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $39,963 related
    Filer's total
    $0 + $742,033 related

  • BHARATH REDDY

    ATTENDING PHYSICIAN

    Total calculated
    $2,036,425
    From this org
    $1,996,590
    From related orgs
    $0
    Other
    $39,835
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $824,037
    Bonus
    $1,171,617
    Other
    $936
    Deferred
    $1,655
    Nontaxable benefits
    $38,180
    Filer's total
    $2,036,425

  • CONSTANTINE GORELICK

    MEDICAL DIRECTOR

    Total calculated
    $1,703,460
    From this org
    $832,297
    From related orgs
    $810,512
    Other
    $60,651
    Hours/week
    19 + 18.5 related

    Schedule J breakdown matched by us

    Base
    $291,241 + $464,109 related
    Bonus
    $540,857 + $345,952 related
    Other
    $199 + $451 related
    Deferred
    $8,747 + $12,245 related
    Nontaxable benefits
    $16,123 + $23,536 related
    Filer's total
    $857,167 + $846,292 related

  • HAJIR DILMANIAN

    ATTENDING PHYSICIAN

    Total calculated
    $1,638,431
    From this org
    $1,619,350
    From related orgs
    $0
    Other
    $19,081
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $648,717
    Bonus
    $969,542
    Other
    $1,091
    Deferred
    $2,448
    Nontaxable benefits
    $16,633
    Filer's total
    $1,638,431

  • IGOR MAMKIN

    ATTENDING PHYSICIAN

    Total calculated
    $1,759,140
    From this org
    $1,712,150
    From related orgs
    $0
    Other
    $46,990
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $642,801
    Bonus
    $1,068,846
    Other
    $503
    Deferred
    $1,951
    Nontaxable benefits
    $45,039
    Filer's total
    $1,759,140

  • TERRENCE J SACCHI

    CHIEF CARDIOLOGY DEPT OF MED.

    Total calculated
    $2,073,800
    From this org
    $874,870
    From related orgs
    $1,149,754
    Other
    $49,176
    Hours/week
    33.5 + 4 related

    Schedule J breakdown matched by us

    Base
    $871,333 + $1,126,988 related
    Bonus
    $0
    Other
    $3,537 + $22,767 related
    Deferred
    $9,398 + $13,158 related
    Nontaxable benefits
    $10,810 + $15,810 related
    Filer's total
    $895,079 + $1,178,723 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

  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 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 4b Supplemental nonqualified retirement plan
NEWYORK-PRESBYTERIAN BROOKLYN METHODIST HOSPITAL SUPPLEMENTS THEIR EXECUTIVE'S PENSION BENEFITS THROUGH A SUPPLEMENTAL ("NONQUALIFIED") RETIREMENT PLAN. THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP)IS SUBJECT TO A MULTI-YEAR VESTING REQUIREMENT (COMMENCING AFTER THREE YEARS OF PARTICIPATION IN THE SERP, IN PRORATED AMOUNTS THROUGH AGE 65) WHICH PLACES AN EXECUTIVE'S SUPPLEMENTAL RETIREMENT BENEFIT AT RISK OF FORFEITURE IF THE VESTING REQUIREMENTS ARE NOT SATISFIED. IF THE PARTICIPANT PERFORMS CONTINUOUS, UNINTERRUPTED SUBSTANTIAL SERVICE FOR THE HOSPITAL THROUGH EACH APPLICABLE VESTING DATE, THE BALANCE THEN CREDITED TO THE PARTICIPANTS ACCOUNT AND IN WHICH THE PARTICIPANT SHALL BECOME VESTED ON SUCH VESTING DATE SHALL BE PAID TO THE PARTICIPANT IN A SINGLE SUM WITHIN SIXTY(60)DAYS FOLLOWING THE VESTING DATE. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AS REPORTED ON W2: STEVEN SILBER $32,127

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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202313149349304901

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