Peninsula Hospital Center
- Assets
- $0.0
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Great Neck, NY
- Founding
- 01/1957
- Data as of
- 12/2020
- EIN
- 11-6037195
Organization Overview
Peninsula Hospital Center is located in Great Neck, NY. The organization was established in 1957. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. Peninsula Hospital 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 12/2020, Peninsula Hospital Center generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $3.7m during the year ending 12/2020. While expenses have increased by 12.2% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE HOSPITAL MISSION WAS TO PROVIDE THE HIGHEST QUALITY CARE TO PATIENTS OF ALL AGES, BACKGROUND, AND BELIEFS. IT WAS DEDICATED TO DELIVERING COMPETENT, COLLABORATIVE AND PROFESSIONAL SERVICES TO ALL PATIENTS AND RESIDENTS OF THE ROCKAWAYS AND NEIGHBORING COMMUNITIES. THE HOSPITAL CEASED OPERATIONS ON APRIL 6, 2012 WHILE IT WAS IN CHAPTER 11. IN 2018, THE HOSPITAL'S CHAPTER 11 CASE WAS CONVERTED TO A CHAPTER 7 CASE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BY ORDER DATED JUNE 26, 2020, THE BANKRUPTCY COURT APPROVED THE CHAPTER 7 TRUSTEE'S FINAL REPORT AND ALL APPLICATIONS FOR COMPENSATION IN THE PENINSULA HOSPITAL CENTER CHAPTER 7 CASE. PURSUANT TO THAT ORDER AND THE TRUSTEE'S FINAL REPORT, THE CHAPTER 7 TRUSTEE MADE FINAL DISTRIBUTIONS TO CREDITORS ON ACCOUNT OF ALLOWED CLAIMS. SOME OF THOSE DISTRIBUTIONS WERE TO FORMER EMPLOYEES OF PENINSULA HOSPITAL CENTER AND AS TO THOSE DISTRIBUTIONS, TAXES WERE WITHHELD AND TURNED OVER TO THE APPROPRIATE TAXING AUTHORITY AND W-2 STATEMENTS WERE ISSUED. THESE DISTRIBUTIONS WERE NOT FOR CURRENT WAGES (THE TRUSTEE DID NOT HAVE EMPLOYEES DURING THE CHAPTER 7 PERIOD) BUT INSTEAD WERE ON ACCOUNT OF WAGES EARNED IN OR ABOUT 2011-2012. ANY UNCASHED DISTRIBUTION CHECKS WILL BE TURNED OVER TO THE CLERK OF COURT. PAYMENTS MADE ON ACCOUNT OF THE TRUSTEE'S COMMISSIONS AND PROFESSIONAL FEES AND EXPENSES FOR THE CHAPTER 11 PERIOD AND CHAPTER 7 PERIOD WERE ALL MADE PURSUANT TO AN ORDER OF THE BANKRUPTCY COURT.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| 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 | $1,600,000 |
| 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. | $159,462 |
| Compensation of current officers, directors, key employees. | $159,462 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $173,278 |
| Fees for services: Accounting | $34,124 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,456 |
| Advertising and promotion | $0 |
| Office expenses | $2,523 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,266 |
| All other expenses | $3,238,717 |
| Total functional expenses | $3,670,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |
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