Bronxcare Health System
- Assets
- $971.5m
- Revenue
- $950.1m
- Investments
- $48.8m
- Employees
- 4,601
- Location
- Bronx, NY
- Founding
- 10/1941
- Data as of
- 12/2023
- EIN
- 13-1974191
Organization Overview
Bronxcare Health System is located in Bronx, NY. The organization was established in 1941. 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 12/2023, Bronxcare Health System employed 4,601 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bronxcare Health System 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 12/2023, Bronxcare Health System generated $950.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $927.9m during the year ending 12/2023. While expenses have increased by 3.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER THE HIGHEST QUALITY OF HEALTHCARE SERVICES TO THE BRONX COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOSPITAL CENTER IS THE CENTERPIECE OF THE BRONXCARE HEALTH SYSTEM, WHICH IS THE LARGEST VOLUNTARY, NOT-FOR-PROFIT HEALTH CARE SYSTEM SERVING THE SOUTH AND CENTRAL BRONX. THE HOSPITAL CENTER HAS 619 BEDS AT TWO MAJOR HOSPITAL DIVISIONS; A MAJOR PSYCHIATRIC FACILITY; AND AN EXTENSIVE BRONXCARE NETWORK OF MEDICAL PRACTICES, AS WELL AS A 240 BED SKILLED NURSING HOME FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Assistant Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Chairman | OfficerTrustee | 4 | $0 |
Name Not Listed President And CEO | OfficerTrustee | 40 | $2,309,674 |
Name Not Listed Vice Chairperson/secretary | OfficerTrustee | 3 | $0 |
Name Not Listed Assistant Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Assistant Secretary | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Services Management | 12/30/23 | $11,396,028 |
White Glove Placement Inc Staffing | 12/30/23 | $10,966,228 |
North American Partners In Anesthesia Llp Staffing | 12/30/23 | $9,390,133 |
Gotham Per Diem Inc Staffing | 12/30/23 | $6,710,418 |
Nurse Staffing Llc Staffing | 12/30/23 | $6,689,302 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,951,548 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,499,161 |
| Noncash contributions included in lines 1a–1f | $1,517,915 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,450,709 |
| Total Program Service Revenue | $909,431,224 |
| Investment income | $19,201,691 |
| 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 | $950,080,223 |
| 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. | $6,101,421 |
| Compensation of current officers, directors, key employees. | $5,186,208 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $415,466,702 |
| Pension plan accruals and contributions | $29,539,821 |
| Other employee benefits | $80,287,539 |
| Payroll taxes | $32,244,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,015,794 |
| Fees for services: Accounting | $220,889 |
| Fees for services: Lobbying | $197,935 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $153,077,156 |
| Advertising and promotion | $301,108 |
| Office expenses | $89,038,238 |
| Information technology | $19,753,374 |
| Royalties | $0 |
| Occupancy | $37,399,664 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $600,475 |
| Interest | $2,074,522 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,512,346 |
| Insurance | $34,368,869 |
| All other expenses | $0 |
| Total functional expenses | $927,923,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,546,517 |
| Savings and temporary cash investments | $340,677,353 |
| Pledges and grants receivable | $3,947,537 |
| Accounts receivable, net | $125,941,863 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,636,396 |
| Prepaid expenses and deferred charges | $7,923,168 |
| Net Land, buildings, and equipment | $157,233,402 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $48,770,583 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,817,740 |
| Total assets | $971,494,559 |
| Accounts payable and accrued expenses | $188,092,154 |
| Grants payable | $0 |
| Deferred revenue | $41,032,532 |
| 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 | $21,727,942 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $309,745,368 |
| Total liabilities | $560,597,996 |
| Net assets without donor restrictions | $406,877,598 |
| Net assets with donor restrictions | $4,018,965 |
| 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 | $971,494,559 |