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← HOSPICE OF THE VALLEY

Form 990 for tax year 2023

Filed by HOSPICE OF THE VALLEY.

Totals

Total revenue
$12,599,835
Total expenses
$13,547,848
Contributions and grants received
$1,086,271
Grants paid
$0
Program service revenue
$11,291,430
Investment income
$115,162
Other revenue
$106,972
Total assets, end of year
$14,125,047
Total liabilities, end of year
$2,475,041
Net assets or fund balances, end of year
$11,650,006
Program services expenses (Part IX)
$12,025,353
Management and general expenses
$1,522,495
Fundraising expenses
$0
Program service expenses (Part III)
$12,025,353

Program services were 88.8% 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

    $738,606

  • 1e · Government grants (contributions)

    $342,617

  • 1f · All other contributions, gifts and grants

    $5,048

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

    total $11,291,430 · related or exempt $11,291,430

  • 2f · All other program service revenue

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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    other assets $170,712

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

    other assets $55,550

  • 7c · Gain or loss

    securities $0 · other assets $115,162

  • 7d · Net gain or loss

    total $115,162 · excluded $115,162

  • 8a · Fundraising events: gross income

    $145,362

  • 8b · Fundraising events: direct expenses

    $42,066

  • 8c · Net income from fundraising events

    total $103,296 · excluded $103,296

  • 11a · Other revenue: Gift Shop

    total $2,984 · excluded $2,984

  • 11b · Other revenue: Medical Records

    total $692 · related or exempt $692

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $3,676

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $5,774,364 · program services $4,908,209 · management and general $866,155

  • 8 · Pension plan contributions

    total $222,012 · program services $188,710 · management and general $33,302

  • 9 · Other employee benefits

    total $938,880 · program services $798,048 · management and general $140,832

  • 10 · Payroll taxes

    total $427,926 · program services $363,737 · management and general $64,189

  • 11b · Fees: legal

    total $5,153 · management and general $5,153

  • 11g · Fees: other

    total $2,116,250 · program services $1,833,798 · management and general $282,452 · fundraising $0

  • 12 · Advertising and promotion

    total $988 · program services $840 · management and general $148

  • 13 · Office expenses

    total $63,658 · program services $54,109 · management and general $9,549

  • 14 · Information technology

    total $11,194 · program services $9,515 · management and general $1,679

  • 16 · Occupancy

    total $279,189 · program services $237,311 · management and general $41,878

  • 17 · Travel

    total $207,355 · program services $176,252 · management and general $31,103

  • 22 · Depreciation, depletion and amortization

    total $245,106 · program services $208,340 · management and general $36,766

  • 24a · Other expenses: NURSING HOME ROOM AND BOARD

    total $2,114,143 · program services $2,114,143

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $1,064,552 · program services $1,064,552

  • 24c · Other expenses: Dues and subscriptions

    total $21,547 · program services $18,315 · management and general $3,232

  • 24d · Other expenses: Bad Debt

    total $15,149 · program services $15,149

  • 24e · All other expenses

    total $40,382 · program services $34,325 · management and general $6,057 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,315 · end of year $850

  • 4 · Accounts receivable

    beginning of year $4,301,367 · end of year $3,944,186

  • 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 $2,851

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

    $9,462,049

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

    $7,197,783

  • 10c · Land, buildings and equipment, net

    beginning of year $2,536,405 · end of year $2,264,266

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $8,127,043 · end of year $7,915,745

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,736,332 · end of year $2,475,041

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $5,094,001 · end of year $3,717,655

  • 28 · Net assets with donor restrictions

    beginning of year $8,143,648 · end of year $7,932,351

Mission and programs · 2023

Mission

HOSPICE OF THE VALLEY EXTENDS THE HEALING MINISTRY OF JESUS BY PROVIDING HOSPICE CARE AND COUNSELING SERVICES TO TERMINALLY ILL PATIENTS AND THEIR FAMILIES REGARDLESS OF THEIR ABILITY TO PAY. HOSPICE OF THE VALLEY, INC. ACCOMPLISHES THIS PURPOSE BY DEMONSTRATING BEHAVIORS REFLECTING OUR CORE VALUES OF COMPASSION, EXCELLENCE, HUMAN DIGNITY, JUSTICE, SACREDNESS OF LIFE AND SERVICE.

Activities or mission (Part I)

HOSPICE OF THE VALLEY PROVIDES COMPREHENSIVE AND COMPASSIONATE END-OF-LIFE CARE FOR THE TERMINALLY ILL AS WELL AS SUPPORT SERVICES TO THE FAMILY. HOSPICE OF THE VALLEY WORKS TO INCREASE COMMUNITY AWARENESS OF DEATH AND GRIEF AS A NATURAL PART OF LIFE.

  • HOSPICE OF THE VALLEY HELPS PEOPLE WITH TERMINAL ILLNESSES WITH A TEAM OF DEDICATED NURSES, SOCIAL WORKERS, PERSONAL CARE AIDES, GRIEF COUNSELORS, CHAPLAINS AND TRAINED VOLUNTEERS WHO PROVIDE QUALITY CARE TO ADDRESS THE PATIENT'S AND FAMILY'S PHYSICAL, EMOTIONAL AND SPIRITUAL NEEDS. THESE SERVICES ARE PROVIDED IN THEIR HOMES, IN THE HOSPITAL OR AT HOSPICE HOUSE, AN INPATIENT FACILITY. HOSPICE OF THE VALLEY ALSO PROVIDES FREE OF CHARGE EXTENSIVE BEREAVEMENT SERVICES TO THE COMMUNITY TO HELP PEOPLE WHOSE LOVED ONE HAS DIED.

    Expenses $12,025,353 · Revenue $11,292,122

As filed on the 2023 return.

Listed in Part VII

  • BRIAN COMMONS

    Chairperson

    Total calculated
    $0
    Hours/week
    1

  • Martin Tursky

    Board Member, COO - Youngstown and Lorain

    Total calculated
    $598,092
    From this org
    $0
    From related orgs
    $525,125
    Other
    $72,967
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $354,721 related
    Bonus
    $0 + $106,464 related
    Other
    $0 + $63,940 related
    Deferred
    $0 + $44,847 related
    Nontaxable benefits
    $0 + $28,120 related
    Filer's total
    $0 + $598,092 related

  • Rebecca Baytos

    PRESIDENT AND EXECUTIVE DIRECTOR

    Total calculated
    $178,193
    From this org
    $0
    From related orgs
    $150,948
    Other
    $27,245
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $120,778 related
    Bonus
    $0 + $9,497 related
    Other
    $0 + $20,673 related
    Deferred
    $0 + $8,187 related
    Nontaxable benefits
    $0 + $19,058 related
    Filer's total
    $0 + $178,193 related

  • THOMAS ROTHBAUER

    Treasurer, Assistant CFO

    Total calculated
    $181,012
    From this org
    $0
    From related orgs
    $172,557
    Other
    $8,455
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,818 related
    Bonus
    $0 + $16,600 related
    Other
    $0 + $22,139 related
    Deferred
    $0 + $8,000 related
    Nontaxable benefits
    $0 + $455 related
    Filer's total
    $0 + $181,012 related

  • AMY WEAVER PHD RN CNE

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • ANDREW LIPKIN

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Catherine Saluga

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Richard WEAVER

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • THOMAS MACABOBBY MD

    BOARD MEMBER, PHYSICIAN

    Total calculated
    $369,859
    From this org
    $0
    From related orgs
    $316,896
    Other
    $52,963
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $263,923 related
    Bonus
    $0 + $13,000 related
    Other
    $0 + $39,973 related
    Deferred
    $0 + $21,173 related
    Nontaxable benefits
    $0 + $31,790 related
    Filer's total
    $0 + $369,859 related

  • William Eddy DO

    MEDICAL DIRECTOR

    Total calculated
    $364,923
    From this org
    $0
    From related orgs
    $335,175
    Other
    $29,748
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $273,165 related
    Bonus
    $0 + $17,275 related
    Other
    $0 + $44,735 related
    Deferred
    $0 + $2,893 related
    Nontaxable benefits
    $0 + $26,855 related
    Filer's total
    $0 + $364,923 related

  • Angela Adkins

    Manager Hospice

    Total calculated
    $140,476
    From this org
    $103,754
    From related orgs
    $0
    Other
    $36,722
    Hours/week
    40

  • RENEE BREESE

    Lead Registered Nurse

    Total calculated
    $152,871
    From this org
    $119,470
    From related orgs
    $0
    Other
    $33,401
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $101,359
    Bonus
    $0
    Other
    $18,111
    Deferred
    $2,118
    Nontaxable benefits
    $31,283
    Filer's total
    $152,871

  • Shelly Farris-Houser

    Registered Nurse Hospice

    Total calculated
    $117,657
    From this org
    $106,769
    From related orgs
    $0
    Other
    $10,888
    Hours/week
    40

  • Tamara BOrawiec

    Registered Nurse Hospice

    Total calculated
    $120,831
    From this org
    $101,591
    From related orgs
    $0
    Other
    $19,240
    Hours/week
    40

  • Tracey Penwell

    Lead Registered Nurse

    Total calculated
    $141,125
    From this org
    $120,549
    From related orgs
    $0
    Other
    $20,576
    Hours/week
    40

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

  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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 1a Tax indemnification and gross-up payments
A tax indemnification benefit to cover the income tax incurred on employee recognition awards was paid to four highest compensated employees. The entire benefit was treated as taxable compensation.
Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
The compensation of Rebecca Baytos, President and Executive Director, is determined by Bon Secours Mercy Health, Inc., a related tax-exempt organization.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
The Bon Secours Mercy Health System SERP is a non-qualified deferred compensation plan which provides supplemental retirement benefits to persons selected by the Board of Trustees or its delegate. The plan provides for annual credits of a specified percentage of an eligible participants base salary paid in a plan year and interest credits. Plan participants vest in plan credits after completing a three year class vesting schedule or earlier for death or total disability or reaching age 60 while employed, or due to involuntary separation of employment other than for cause. Payments during employment are made for required tax withholding and reduce the participants account balance. Distribution of the vested account balance in a lump sum occurs after termination of employment. Amounts includible as taxable compensation for listed individuals due to SERP participation in the reporting year were as follows: Martin Tursky, $6,428.
Schedule J, Part I, Line 4b Terms and conditions of the Bon Secours Mercy Health Physicians SERP
The Bon Secours Mercy Health Physicians SERP is a non-qualified deferred compensation plan which provides supplemental retirement benefits to persons selected by the Board of Trustees or its delegate. The plan provides for annual credits of a specified percentage of an eligible participants base salary paid in a plan year and interest credits. Plan participants vest in plan credits after completing a three year class vesting schedule or earlier for death or total disability or reaching age 60 while employed, or due to involuntary separation of employment other than for cause. Payments during employment are made for required tax withholding and reduce the participants account balance. Distribution of the vested account balance in a lump sum occurs after termination of employment. Amounts includible as taxable compensation for listed individuals due to SERP participation in the reporting year were as follows: Thomas Macabobby, MD, $13,029; William Eddy, DO, $14,923.
Schedule J, Part I, Line 7 NON-FIXED PAYMENTS
The organization provides annual incentive compensation for listed individuals. The organization's Board of Trustees establishes objective thresholds for quality, community benefit, and financial performance which must be achieved for incentives to be awarded. The Board also establishes threshold, target and maximum levels for incentive awards. Within these established parameters, the Board determines the CEO's incentive award and incentive awards for other listed individuals are determined by the listed individual's supervisor and disclosed to the Board. The Board may authorize modified incentive awards when appropriate in its judgment.

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

No itemized grants to organizations 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
2023
Filed
21 October 2024
IRS schema version
2023v5.1
Source object
202402959349300315

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