Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,359,894

• 1e · Government grants (contributions)

  $7,888,863

• 1f · All other contributions, gifts and grants

  $1,073,719

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

  total $431,112,981 · related or exempt $431,112,981

• 2b · Program service revenue: CONTRACT PHARMACY

  total $14,461,102 · related or exempt $14,461,102

• 2c · Program service revenue: RESIDENT ROTATIONS

  total $7,713,261 · related or exempt $7,713,261

• 3 · Investment income

  total $620,673 · excluded $620,673

• 6a · Gross rents

  real property $1,431,699

• 6b · Less rental expenses

  real property $1,708,992

• 6c · Rental income or loss

  real property -$277,293

• 6d · Net rental income or loss

  total -$277,293 · excluded -$277,293

• 7a · Gross sales of assets other than inventory

  securities $5,669,845 · other assets $652,923

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

  securities $5,781,375 · other assets $0

• 7c · Gain or loss

  securities -$111,530 · other assets $652,923

• 7d · Net gain or loss

  total $541,393 · excluded $541,393

• 11a · Other revenue: EQUITY INVESTMENT IN LLC

  total $8,161,326 · excluded $8,161,326

• 11b · Other revenue: CAFETERIA SALES

  total $1,203,961 · excluded $1,203,961

• 11c · Other revenue: REBATES

  total $418,321 · excluded $418,321

• 11d · All other revenue

  total $2,508,845 · excluded $2,508,845

• 11e · Other revenue, total

  $12,292,453

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $7,780,579 · program services $6,570,896 · management and general $1,207,964 · fundraising $1,719

• 7 · Other salaries and wages

  total $219,093,025 · program services $185,029,451 · management and general $34,015,008 · fundraising $48,566

• 8 · Pension plan contributions

  total $13,854,716 · program services $11,701,405 · management and general $2,151,008 · fundraising $2,303

• 9 · Other employee benefits

  total $46,965,485 · program services $39,666,073 · management and general $7,291,606 · fundraising $7,806

• 10 · Payroll taxes

  total $13,828,305 · program services $11,679,098 · management and general $2,146,908 · fundraising $2,299

• 11b · Fees: legal

  total $1,411,780 · management and general $1,411,780

• 11c · Fees: accounting

  total $350,453 · management and general $350,453

• 11d · Fees: lobbying

  total $61,133 · management and general $61,133

• 11g · Fees: other

  total $49,194,007 · program services $40,453,406 · management and general $8,656,633 · fundraising $83,968

• 12 · Advertising and promotion

  total $737,549 · program services $606,504 · management and general $129,786 · fundraising $1,259

• 13 · Office expenses

  total $18,385,186 · program services $14,976,032 · management and general $3,378,070 · fundraising $31,084

• 16 · Occupancy

  total $14,196,891 · program services $11,674,443 · management and general $2,498,216 · fundraising $24,232

• 17 · Travel

  total $985,921 · program services $810,746 · management and general $173,492 · fundraising $1,683

• 19 · Conferences, conventions and meetings

  total $166,347 · program services $136,792 · management and general $29,271 · fundraising $284

• 20 · Interest

  total $5,181,701 · program services $4,378,000 · management and general $803,701

• 22 · Depreciation, depletion and amortization

  total $12,285,093 · program services $10,420,861 · management and general $1,864,232

• 23 · Insurance

  total $12,914,283 · program services $11,571,501 · management and general $1,342,782

• 24a · Other expenses: MEDICAL SUPPLIES

  total $60,050,632 · program services $59,986,330 · management and general $64,302

• 24b · Other expenses: REPAIRS & MAINTENANCE

  total $4,134,202 · program services $3,096,006 · management and general $1,028,223 · fundraising $9,973

• 24c · Other expenses: BAD DEBTS

  total $1,531,361 · program services $1,531,361

• 24d · Other expenses: RECRUITMENT

  total $298,552 · program services $245,497 · management and general $52,545 · fundraising $510

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $11,524,319 · end of year $4,400,665

• 2 · Savings and temporary cash investments

  beginning of year $1,516,759 · end of year $9,485,027

• 3 · Pledges and grants receivable

  beginning of year $2,676,582 · end of year $2,585,859

• 4 · Accounts receivable

  beginning of year $93,813,755 · end of year $88,318,999

• 8 · Inventories for sale or use

  beginning of year $6,274,881 · end of year $7,403,738

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,926,993 · end of year $4,908,428

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

  $487,683,311

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

  $367,490,600

• 10c · Land, buildings and equipment, net

  beginning of year $127,804,994 · end of year $120,192,711

• 11 · Investments: publicly traded securities

  beginning of year $20,770,601 · end of year $23,145,996

• 13 · Investments: program-related

  beginning of year $330,611 · end of year $330,611

• 15 · Other assets

  beginning of year $381,982,459 · end of year $407,264,446

• 17 · Accounts payable and accrued expenses

  beginning of year $173,885,119 · end of year $207,706,275

• 20 · Tax-exempt bond liabilities

  beginning of year $10,514,164 · end of year $7,723,010

• 23 · Secured mortgages and notes payable

  beginning of year $33,570,288 · end of year $29,707,746

• 25 · Other liabilities

  beginning of year $125,802,395 · end of year $119,613,066

• 27 · Net assets without donor restrictions

  beginning of year $294,116,550 · end of year $287,474,018

• 28 · Net assets with donor restrictions

  beginning of year $13,733,438 · end of year $15,812,365

The filer's explanations (Part III)

PART I, LINE 4B

THE PRESIDENT AND CEO, GARY TERRINONI, IS THE SOLE PARTICIPANT OF THE ORGANIZATION'S SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. HE RECEIVED NO DISTRIBUTION DURING THE YEAR ENDED DECEMBER 31, 2023.

PART I, LINE 7

BONUS ELIGIBILITY IS DISCRETIONARY. CERTAIN OPERATIONAL AND FINANCIAL METRICS ARE USED TO DETERMINE ELIGIBILITY. BONUSES ARE APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS.

Related corporations and trusts

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

• BROOKLYN HOSPITAL ECG MEDICAL SERVICES

  C · MEDICAL SERVICES · NY · controlled entity

  Directly controlled by BROOKLYN HOSPITAL CENTER

• BROOKLYN HOSPITAL NUCLEAR MEDICINE PC

  C · MEDICAL SERVICES · NY · controlled entity

  Directly controlled by BROOKLYN HOSPITAL CENTER

• TBHC ANESTHESIOLOGY SERVICES PC

  C · MEDICAL SERVICES · NY · controlled entity

  Directly controlled by BROOKLYN HOSPITAL CENTER

• TBHC RADIATION ONCOLOGY PC

  C · MEDICAL SERVICES · NY · controlled entity

  Directly controlled by BROOKLYN HOSPITAL CENTER

• METROPOLIS ASSURANCE COMPANY LTD

  C · INSURANCE · CJ · 100% owned · share of assets $19,389,021 · controlled entity

  Directly controlled by BROOKLYN HOSPITAL CENTER