Charles B Wang Community Health Center Inc
- Assets
- $110.5m
- Revenue
- $118.5m
- Investments
- $0.0
- Employees
- 615
- Location
- New York, NY
- Founding
- 07/1974
- Data as of
- 12/2021
- EIN
- 13-2739694
Organization Overview
Charles B Wang Community Health Center Inc is located in New York, NY. The organization was established in 1974. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2021, Charles B Wang Community Health Center Inc employed 615 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles B Wang Community Health Center Inc 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, Charles B Wang Community Health Center Inc generated $118.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $63.4m during the year ending 12/2021. While expenses have increased by 2.9% 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
PROVIDE HIGH QUALITY AND AFFORDABLE HEALTH CARE TO THE UNDERSERVED, WITH A FOCUS ON ASIAN AMERICANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATED A FEDERALLY QUALIFIED HEALTH CENTER, WHICH HAD 258,607 VISITS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kaushal Challa Chief Executive Officer | Officer | 34 | $404,492 |
Jieying Shen MD Senior Pediatrician Level Ii | 35 | $379,039 | |
Jian-Ping Chen MD Director Of Mental Health | 35 | $356,258 | |
Lynn D Sherman Evp Finance, It, Capital Projects & Hr | Officer | 34 | $332,154 |
Perry Pong MD Executive VP & Cmo | Officer | 35 | $326,440 |
Du Chu Wu MD Senior Internist Level Ii | 35 | $320,828 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
African Services Committee Inc Hep B Screening And Education | 12/30/21 | $104,200 |
Cohnreznick Llp Audit/tax Services | 12/30/21 | $120,067 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,920,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,427,605 |
| Noncash contributions included in lines 1a–1f | $1,479,043 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,347,980 |
| Total Program Service Revenue | $49,661,019 |
| Investment income | $136,764 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,120,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $118,467,923 |
| 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. | $2,231,453 |
| Compensation of current officers, directors, key employees. | $318,137 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,963,991 |
| Pension plan accruals and contributions | $1,627,966 |
| Other employee benefits | $6,050,596 |
| Payroll taxes | $1,937,439 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $88,137 |
| Fees for services: Accounting | $136,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,009,826 |
| Advertising and promotion | $0 |
| Office expenses | $665,547 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,490,973 |
| Travel | $102,847 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,087 |
| Interest | $62,954 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,136,171 |
| Insurance | $201,260 |
| All other expenses | $1,526,576 |
| Total functional expenses | $63,421,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,197,665 |
| Savings and temporary cash investments | $75,119,500 |
| Pledges and grants receivable | $1,858,058 |
| Accounts receivable, net | $6,346,605 |
| 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 | $628,643 |
| Net Land, buildings, and equipment | $10,209,979 |
| Investments—publicly traded securities | $5,818,313 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,304,507 |
| Total assets | $110,483,270 |
| Accounts payable and accrued expenses | $8,585,757 |
| 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 | $8,504,366 |
| Total liabilities | $17,090,123 |
| Net assets without donor restrictions | $91,325,147 |
| Net assets with donor restrictions | $2,068,000 |
| 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 | $110,483,270 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Charles B Wang Community Health Center Inc has recieved totaling $2,535,834.
| Awarding Organization | Amount |
|---|---|
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $1,405,000 |
Charles B Wang Foundation Oyster Bay, NY PURPOSE: HEALTH CARE SERVICES | $530,000 |
Mother Cabrini Health Foundation New York, NY PURPOSE: BILINGUAL SMOKING CESSATION HEALTH COACHING PROGRAM | $321,500 |
Direct Relief Santa Barbara, CA PURPOSE: FUND FOR HEALTH EQUITY | $120,000 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $96,221 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $50,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fenway Community Health Center Inc Boston, MA | $98,106,829 | $102,495,347 |
Lawrence Medical Associates Pc Bronxville, NY | $43,959,801 | $93,174,617 |
South Shore Medical Center Norwell, MA | $68,415,013 | $83,043,739 |
Carnegie Cardiovascular Pc Westbury, NY | $1,096,228 | $75,454,558 |
Pinnacle Health Regional Physicians Harrisburg, PA | $6,138,085 | $78,224,269 |
Covenant Health Inc Tewksbury, MA | $176,504,110 | $66,693,555 |
Trinity Medical Wny Pc Buffalo, NY | $24,179,434 | $52,294,640 |
Jfk Medical Associates Pa Edison, NJ | $9,222,592 | $65,526,016 |
Crouse Medical Practice Pllc Syracuse, NY | $6,246,472 | $39,486,299 |
Princeton Healthcare Affiliated Physicians Pc Plainsboro, NJ | $4,748,844 | $53,586,457 |
Charles B Wang Community Health Center Inc New York, NY | $110,483,270 | $118,467,923 |
Brooklyn Ambulatory Care Pc Westbury, NY | $0 | $53,362,368 |