Palisades Medical Center Inc
- Assets
- $127.2m
- Revenue
- $164.8m
- Investments
- $0.0
- Employees
- 1,513
- Location
- North Bergen, NJ
- Founding
- Data as of
- 12/2015
- EIN
- 22-1487278
Organization Overview
Palisades Medical Center Inc, operating under the name Hackensackumc Palisades, is located in North Bergen, NJ. As of 12/2015, Hackensackumc Palisades employed 1,513 individuals. Hackensackumc Palisades is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE HEALTH STATUS OF THE DIVERSE COMMUNITIES SERVED AND TO DELIVER PATIENT CARE IN A SAFE AND NURTURING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY OPERATING ROOM SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY EMERGENCY DEPARTMENT SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
EXPENSES INCURRED IN PROVIDING MEDICALLY NECESSARY PHARMACY SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa DE Leon Chair - Trustee | OfficerTrustee | 1 | $0 |
Andrew Horowitz First Vice Chairman - Trustee | OfficerTrustee | 1 | $0 |
Kevin O'connor Secretary - Trustee | OfficerTrustee | 1 | $0 |
Leonard Lauricella Treasurer - Trustee | OfficerTrustee | 1 | $0 |
Samir R Amin MD Trustee | Trustee | 1 | $0 |
Aida Capo MD Trustee - Pres Elect Med Staff | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pmhg Professional Associates Medical | 12/30/15 | $798,040 |
Mccarter English Legal | 12/30/15 | $953,065 |
Garfunkel Wild Pc Legal | 12/30/15 | $645,484 |
Nurses 247 Staffing | 12/30/15 | $650,244 |
Ya Group Marketing | 12/30/15 | $585,342 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,939,743 |
| 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 | $1,939,743 |
| Total Program Service Revenue | $160,690,039 |
| Investment income | $810,548 |
| Tax Exempt Bond Proceeds | $19,179 |
| Royalties | $0 |
| Net Rental Income | $779,804 |
| Net Gain/Loss on Asset Sales | $220,224 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $164,785,999 |
| 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. | $5,253,576 |
| Compensation of current officers, directors, key employees. | $525,358 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,466,083 |
| Pension plan accruals and contributions | $7,831,611 |
| Other employee benefits | $8,501,989 |
| Payroll taxes | $5,378,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,830,450 |
| Fees for services: Accounting | $135,400 |
| Fees for services: Lobbying | $76,013 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,644,128 |
| Advertising and promotion | $922,322 |
| Office expenses | $2,520,592 |
| Information technology | $433,113 |
| Royalties | $0 |
| Occupancy | $3,212,414 |
| Travel | $734,150 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $385,701 |
| Interest | $1,716,221 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,231,048 |
| Insurance | $2,081,708 |
| All other expenses | $1,117,957 |
| Total functional expenses | $154,717,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,346,791 |
| Pledges and grants receivable | $189,873 |
| Accounts receivable, net | $19,922,319 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,250,061 |
| Prepaid expenses and deferred charges | $935,734 |
| Net Land, buildings, and equipment | $42,767,387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $32,185,458 |
| Intangible assets | $0 |
| Other assets | $19,604,377 |
| Total assets | $127,202,000 |
| Accounts payable and accrued expenses | $25,843,527 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $36,278,016 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,441,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $84,387,191 |
| Total liabilities | $147,950,634 |
| Unrestricted restricted net Assets | -$20,843,132 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $94,498 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$20,748,634 |