Brookdale Hospital Medical Center
- Assets
- $600.2m
- Revenue
- $1.2b
- Investments
- $0.0
- Employees
- 3,919
- Location
- Brooklyn, NY
- Founding
- 04/1937
- Data as of
- 12/2021
- EIN
- 11-1631746
Organization Overview
Brookdale Hospital Medical Center is located in Brooklyn, NY. The organization was established in 1937. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Brookdale Hospital Medical Center employed 3,919 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brookdale Hospital Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Brookdale Hospital Medical Center generated $1.2b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $1.2b during the year ending 12/2021. While expenses have increased by 12.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE GREATER ACCESS TO HIGH QUALITY MEDICAL CARE AND KEEP OUR COMMUNITIES HEALTHY THROUGH AN INTEGRATED CARE SYSTEM THAT RESPECTS THE DIVERSITY OF OUR COMMUNITIES AND ADDRESSES BOTH THE HEALTH NEEDS AND UNIQUE FACTORS THAT SHAPE THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BROOKDALE HOSPITAL MEDICAL CENTER WAS CREATED FOR THE PURPOSE OF OPERATING A 530 BED HOSPITAL IN BROOKLYN, NEW YORK. IN 2021, BROOKDALE HOSPITAL MEDICAL CENTER LOGGED 15,394 ADMISSIONS, 15,308 PATIENT DISCHARGES, AND 54,775 OUTPATIENT EMERGENCY ROOM VISITS WHICH RESULTED IN 210,293 OTHER OUTPATIENT SERVICE VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laray Brown President And CEO | Officer | 40 | $1,209,000 |
Dominick Stanzione President And CEO - Until 07.02.21 | 40 | $844,220 | |
William Wirchansky Director Of Neurosurgery | 40 | $832,018 | |
Lucio Floris MD Chief Of Vascular Surgery | 40 | $746,707 | |
Theodore Hufford Physician | 40 | $709,845 | |
Cyrus O Mccalla Director, Obs/gyn | 40 | $666,454 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clover Health Services Llc Agency Fees/nursing | 12/30/21 | $13,326,425 |
University Physicians Of Bkln Consulting Fees | 12/30/21 | $9,704,667 |
Fastaff Llc Agency Fees/nursing | 12/30/21 | $5,678,024 |
Abbot Laboratories Medical Supplies | 12/30/21 | $5,097,802 |
Therapia Staffing Llc Agency Fees/nursing | 12/30/21 | $14,356,952 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $437,157,454 |
| All other contributions, gifts, grants, and similar amounts not included above | $79,683 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $437,237,137 |
| Total Program Service Revenue | $722,144,171 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,159,381,308 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,537,472 |
| Compensation of current officers, directors, key employees. | $4,537,472 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $543,465,956 |
| Pension plan accruals and contributions | $36,508,369 |
| Other employee benefits | $113,115,663 |
| Payroll taxes | $34,666,495 |
| Fees for services: Management | $24,273,796 |
| Fees for services: Legal | $3,888,872 |
| Fees for services: Accounting | $14,750 |
| Fees for services: Lobbying | $50 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,657,129 |
| Advertising and promotion | $162,275 |
| Office expenses | $981,287 |
| Information technology | $11,220,940 |
| Royalties | $0 |
| Occupancy | $2,913,841 |
| Travel | $1,299,991 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,241,035 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,984,261 |
| Insurance | $27,900,625 |
| All other expenses | $3,089,196 |
| Total functional expenses | $1,164,560,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,982,337 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,309,745 |
| Accounts receivable, net | $61,568,907 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,675,305 |
| Prepaid expenses and deferred charges | $14,629,893 |
| Net Land, buildings, and equipment | $164,489,009 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $305,504,754 |
| Total assets | $600,159,950 |
| Accounts payable and accrued expenses | $140,030,768 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $177,416,415 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $602,745,389 |
| Total liabilities | $920,192,572 |
| Net assets without donor restrictions | -$320,164,244 |
| Net assets with donor restrictions | $131,622 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $600,159,950 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Brookdale Hospital Medical Center has recieved totaling $449,000.
| Awarding Organization | Amount |
|---|---|
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $314,000 |
Johnson Street Foundation New York, NY PURPOSE: GRANT: RETAIN TRAINED DYADIC THERAPY CLINICIAN | $85,000 |
Moses L Parshelsky Foundation New York, NY PURPOSE: GENERAL ACTIVITIES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lahey Clinic Hospital Inc Burlington, MA | $439,333,881 | $1,036,261,688 |
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $864,132,692 | $1,007,924,819 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Abington Memorial Hospital Philadelphia, PA | $948,017,930 | $858,404,541 |
Englewood Hospital And Medical Center A New Jersey Nonprofit Corp Englewood, NJ | $770,563,796 | $890,451,423 |
Saint Francis Hospital And Medical Center Hartford, CT | $1,654,893,576 | $997,837,414 |
Inspira Medical Centers Inc Bridgeton, NJ | $1,997,035,403 | $960,599,521 |
Valley Hospital Inc Ridgewood, NJ | $2,214,086,950 | $1,000,529,103 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Virtu-West Jersey Health System Inc Marlton, NJ | $2,706,789,713 | $1,000,808,483 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |