Valley Hospital Inc is located in Ridgewood, NJ. The organization was established in 1953. 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 12/2019, Valley Hospital Inc employed 4,175 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Valley Hospital Inc generated $860.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $746.8m during the year ending 12/2019. While expenses have increased by 2.6% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE VALLEY HOSPITAL SERVES THE COMMUNITY BY HEALING AND CARING FOR PATIENTS, COMFORTING THEIR FAMILIES AND TEACHING GOOD HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VALLEY HOSPITAL, IN RIDGEWOOD, NJ, IS A FULLY ACCREDITED, ACUTE CARE, NOT-FOR-PROFIT HOSPITAL SERVING MORE THAN 440,000 PEOPLE IN 32 TOWNS IN BERGEN COUNTY AND ADJOINING COMMUNITIES. THE VALLEY HOSPITAL IS PART OF VALLEY HEALTH SYSTEM, A REGIONAL HEALTHCARE SYSTEM THAT SERVES RESIDENTS IN NORTHERN NEW JERSEY AND SOUTHERN NEW YORK. IT COMPRISES THE VALLEY HOSPITAL, VALLEY HOME CARE, AND VALLEY MEDICAL GROUP. AS A NOT-FOR-PROFIT HOSPITAL, VALLEY IS COMMITTED TO GIVING BACK TO THE COMMUNITY. VALLEY SERVES THE COMMUNITY BY PROVIDING THOUSANDS OF HOURS OF HEALTHCARE EDUCATION AND SCREENINGS, SUPPORT GROUPS, AND CLASSES TO ASSIST THOSE IN NEED, AND CARE TO ALL THOSE WHO COME THROUGH OUR DOORS, REGARDLESS OF THEIR ABILITY TO PAY. VALLEY'S CURRENT LICENSED CAPACITY IS 431 BEDS. BERGEN COUNTY IS PREDOMINANTLY WHITE AND NON-HISPANIC. THERE ARE 932,202 RESIDENTS IN THE 233.01 SQUARE MILES OF BERGEN COUNTY, NJ. 20.6 PERCENT OF THE POPULATION IS HISPANIC AND 16.9 PERCENT ASIAN. THE MEDIAN HOUSEHOLD INCOME IS $95,837. RESIDENTS ARE GENERALLY WELL-EDUCATED AND HAVE HIGHER GRADUATION RATES THAN NJ AND THE U.S. THE VALLEY HOSPITAL EMPLOYS PEOPLE WHO REPRESENT AND LIVE IN THE COMMUNITIES WE SERVE. MORE THAN 3,680 EMPLOYEES AND 1,350 ACTIVE VOLUNTEERS CONSTITUTE THE VALLEY HOSPITAL.IN 2019, 48,664 INDIVIDUALS WERE ADMITTED TO VALLEY, 70,420 PEOPLE WERE TREATED IN THE EMERGENCY DEPARTMENT, AND 3,510 BABIES WERE BORN. IN ADDITION TO ITS CENTERS OF EXCELLENCE IN CARDIAC/HEART FAILURE, DIABETES, ONCOLOGY, PULMONARY, GERIATRICS, TOTAL JOINT, AND NEUROVASCULAR, VALLEY ALSO OFFERS THE SERVICES OF A COMPREHENSIVE CANCER CENTER, CENTER FOR CHILDBIRTH, CENTER FOR MINIMALLY INVASIVE AND ROBOTIC SURGERY, A TOTAL JOINT REPLACEMENT CENTER, A NEUROSCIENCE CENTER, A CENTER FOR METABOLIC SURGERY AND WEIGHT-LOSS MANAGEMENT, A CENTER FOR SLEEP MEDICINE, THE GAMMA KNIFE CENTER, AND THE KIREKER CENTER FOR CHILD DEVELOPMENT, AMONG OTHERS. ACCORDING TO THE MOST RECENT DATA AVAILABLE, THE VALLEY HOSPITAL HAS BEEN RANKED BY NJBIZ AS THE FIFTH BUSIEST HOSPITAL IN THE STATE BASED ON TOTAL INPATIENT DISCHARGES.1,648 PEOPLE PARTICIPATED IN 73 BLOOD PRESSURE SCREENING CLINICS. 963 PEOPLE ATTENDED PROGRAMS ON CARDIAC AND STROKE. SOME PROGRAM TOPICS INCLUDE: MANAGING BLOOD PRESSURE, WOMEN AND STROKE, HEART HEALTH JEOPARDY, HEART VALVE SURGERY, WOMEN TAKE HEART, SLEEP AND TROUBLED HEART. 173 PEOPLE PARTICIPATED IN 2 FREE STROKE SCREENINGS. VALLEY ALSO HOSTS A STROKE SUPPORT GROUP OFFERED MONTHLY.287 PEOPLE PARTICIPATED IN VALLEY'S FREE COMPREHENSIVE HEART SCREENING, A PROGRAM DESIGNED TO IDENTIFY A PERSON'S POTENTIAL RISK FOR HEART DISEASE AND HELP PATIENTS TAKE STEPS TO PREVENT IT.
BERGEN COUNTY HAS THE SECOND HIGHEST PERCENTAGE OF ADULTS 65 AND OVER AMONG ALL COUNTIES IN NEW JERSEY. 16.4 PERCENT OF BERGEN COUNTY RESIDENTS ARE OVER AGE 65 COMPARED TO NEW JERSEY OVERALL AT 15.1 PERCENT. VALLEY HEALTH PRIMETIME WAS CREATED TO HELP OLDER ADULTS STAY HEALTHY BY TEACHING THEM GOOD HEALTH AND PROVIDING OPPORTUNITIES TO REMAIN SOCIALLY ACTIVE. IN 2019, VALLEY HEALTH PRIMETIME OFFERED 52 FREE PROGRAMS TO OVER 1,500 OLDER ADULTS. ADDITIONALLY, VALLEY'S COMMUNITY HEALTH DEPARTMENT WORKS WITH A NUMBER OF LOW-INCOME SENIOR HOUSING FACILITIES TO PROVIDE, SCREENINGS, EDUCATION, DONATIONS, AND RESOURCES FOR ITS RESIDENTS. EACH YEAR VALLEY DINING PREPARES OVER 23,000 MEALS FOR COMMUNITY MEALS, INC. AND FINANCIAL RESOURCES TO SUPPORT HOMEBOUND OLDER ADULTS IN VALLEY'S SERVICE AREA. VALLEY'S COMMUNITY CARE CLINIC HAD 6,230 VISITS IN 2019. THEY PROVIDE CARE AT NO COST TO THE PATIENTS WHO QUALIFY IN 16 (MEDICAL, NEUROLOGY, GI, GENERAL SURGERY, BREAST SURGERY, RHEUMATOLOGY, OPHTHALMOLOGY, GYN, OB, PEDIATRICS, PULMONARY, CARDIOLOGY, PAIN, DERMATOLOGY, ORTHOPEDICS, AND UROLOGY) SPECIALTY CLINICS. THEY CONTINUE TO PROVIDE CARE TO CHILDREN IN FOSTER CARE IN BERGEN AND PASSAIC COUNTIES THAT REQUIRE COMPLEX MEDICAL AND SUBSPECIALTY CARE. BY PARTNERING WITH AREA RELIGIOUS INSTITUTIONS, VALLEY IS ABLE TO WORK WITH UNDERSERVED POPULATIONS TO HELP MEET ACCESS TO CARE NEEDS OF THEIR MEMBERS BY PROVIDING ON-SITE HEALTH FAIRS, SCREENINGS, AND EDUCATION ON VARIOUS HEALTH TOPICS, AS WELL AS CONNECT INDIVIDUALS TO RESOURCES. 3,500 PEOPLE PARTICIPATED IN FREE SCREENINGS PROVIDED BY VALLEY AND OVER 37,500 PEOPLE PARTICIPATED IN FREE EDUCATION PROGRAMS IN 2019.NOT ONLY HAS VALLEY ENLISTED THE SERVICES OF UBER HEALTH TO PROVIDE TRANSPORTATION FOR PATIENTS WHO QUALIFY BASED ON INCOME LEVEL, BUT VALLEY OFFERS A FREE NON-EMERGENT TRANSPORTATION SERVICE FOR PATIENTS WHO ARE UNABLE TO DRIVE OR HAVE ACCESS TO PUBLIC TRANSPORTATION. VALLEY HEALTH SYSTEM HAS ALSO PARTNERED WITH DISPATCHHEALTH, A NATIONWIDE ON-DEMAND HEALTHCARE COMPANY TO DELIVER HIGH-QUALITY URGENT CARE TO NORTHERN NEW JERSEY RESIDENTS OF ALL AGES, IN THE COMFORT OF THEIR HOMES. DISPATCHHEALTH AND VALLEY ARE WORKING TOGETHER TO INCREASE ACCESSIBILITY TO AFFORDABLE CARE FOR SENIORS OR BUSY WORKING PARENTS, BOTH OF WHO CAN BENEFIT FROM STAYING HOME FOR TREATMENT. IN FACT, THE MEDICAL COST FOR A DISPATCHHEALTH VISIT IS NEARLY ONE-TENTH OF THE MEDICAL COST FOR AN ER VISIT.
1,719 PEOPLE PARTICIPATED IN CANCER EDUCATION AND SCREENING PROGRAMS IN 2019. BREAST CANCER, PROSTATE CANCER, AND COLON CANCER, AS WELL AS NUTRITION AND CANCER WERE TOPICS OF INTEREST. ADDITIONALLY, SMOKING AND VAPING WERE TOPICS THAT WERE WIDELY DISCUSSED. OVER 2,500 PEOPLE ATTENDED FREE SUPPORT GROUPS OFFERED BY VALLEY IN 2019. VALLEY ALSO PROVIDES MEETING SPACE FOR THREE 12-STEP PROGRAMS AND SUPPORT GROUPS FOR ALZHEIMER'S NEW JERSEY, CHILDREN AND ADULTS WITH ATTENTION-DEFICIT/HYPERACTIVITY DISORDER (CHADD), AND CRONES/COLITIS FOUNDATION. ANOTHER 5,507 PEOPLE ATTENDED MENTAL HEALTH AND SUBSTANCE ABUSE EDUCATION PROGRAMS ON TOPICS INCLUDING POSITIVE COPING, WINTER BLUES, ANXIETY ISSUES, BULLYING, MINDFULNESS, PALLIATIVE CARE, MANAGING STRESS, AND NALOXONE TRAINING. 520 PEOPLE ATTENDED WEEKLY GUIDED IMAGERY SESSIONS AND AN ADDITIONAL 441 PEOPLE ATTENDED THE NEW DRUMMING CIRCLE, AN EVIDENCE-BASED, MIND-BODY ACTIVITY THAT USES THE DRUM AS A TOOL FOR PERSONAL EXPRESSION AND HELPS TO LESSEN THE FEELINGS OF BURNOUT AND FATIGUE. 1,190 PEOPLE ATTENDED PROGRAMS ON ARTHRITIS, OSTEOPOROSIS, AND BACK PAIN. ARTHRITIS MANAGEMENT AND FALLS PREVENTION WERE POPULAR TOPICS ALONG WITH JOINT REPLACEMENT. MORE THAN 200 COMMUNITY RESIDENTS TURNED OUT FOR "JOINTS IN MOTION" AN INFORMATIVE EVENT FOCUSED ON ORTHOPEDICS AND JOINT REPLACEMENTS PRESENTED IN CONJUNCTION WITH STRYKER ORTHOPAEDICS AND HELD AT STRYKER'S CORPORATE AND MANUFACTURING HEADQUARTERS IN MAHWAH.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joseph Yallowitz VP & Chief Medical Officer | Officer | 40 | $669,661 |
Ann Marie Leichman Sr Vp/cno Patient Care Serv | Officer | 40 | $642,938 |
David J Bohan VP & Chief Development Officer | Officer | 40 | $508,242 |
Julia Karcher Vp, Administration | Officer | 40 | $460,696 |
Karteek Bhavsar Vp, Administration | Officer | 40 | $450,485 |
Brad Haspel Asst Vp,ancillary Services | 40 | $284,506 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Torcon Inc General Contractor | 12/30/19 | $26,069,473 |
Hdr Architecture Architectural | 12/30/19 | $15,277,099 |
Bergen Anesthesia Group Pc Anesthesia | 12/30/19 | $4,884,672 |
Vizient Temporary Staffing | 12/30/19 | $1,833,487 |
R4architecture Llc Architectural | 12/30/19 | $1,611,693 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $368,715 |
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 | $368,715 |
Total Program Service Revenue | $828,330,166 |
Investment income | $14,568,826 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$1,428,415 |
Net Gain/Loss on Asset Sales | -$553,310 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $860,142,109 |
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. | $2,903,041 |
Compensation of current officers, directors, key employees. | $504,556 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $266,804,174 |
Pension plan accruals and contributions | $16,207,131 |
Other employee benefits | $27,132,044 |
Payroll taxes | $17,918,237 |
Fees for services: Management | $0 |
Fees for services: Legal | $27,555,414 |
Fees for services: Accounting | $125,004 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $41,215,311 |
Advertising and promotion | $1,123,187 |
Office expenses | $4,055,479 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $16,374,591 |
Travel | $528,879 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,981,792 |
Interest | $3,371,331 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $53,530,166 |
Insurance | $0 |
All other expenses | $4,647,599 |
Total functional expenses | $746,811,672 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $417,736,565 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $74,960,105 |
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 | $10,016,461 |
Net Land, buildings, and equipment | $404,402,827 |
Investments—publicly traded securities | $752,358,675 |
Investments—other securities | $115,203 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $187,180,573 |
Total assets | $1,846,770,409 |
Accounts payable and accrued expenses | $111,733,591 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $400,728,310 |
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 | $59,586,984 |
Other liabilities | $98,033,875 |
Total liabilities | $670,082,760 |
Net assets without donor restrictions | $1,170,107,959 |
Net assets with donor restrictions | $6,579,690 |
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 | $1,846,770,409 |
Over the last fiscal year, we have identified 3 grants that Valley Hospital Inc has recieved totaling $59,133.
Awarding Organization | Amount |
---|---|
The Alfano Family Charitable Foundation Allendale, NJ PURPOSE: MEDICAL ASSISTANCE | $50,000 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $6,133 |
Dipaolo Family Charitable Foundation Inc Saddle River, NJ PURPOSE: GENERAL SUPPORT | $3,000 |
Beg. Balance | $4,429,327 |
Ending Balance | $4,429,327 |
Organization Name | Assets | Revenue |
---|---|---|
Reading Hospital Reading, PA | $1,183,713,752 | $1,035,019,113 |
St Lukes Hospital Allentown, PA | $2,817,061,751 | $982,677,854 |
Abington Memorial Hospital Philadelphia, PA | $957,526,497 | $866,047,638 |
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $812,689,177 | $973,479,342 |
Newyork-Presbyterian-Queens Flushing, NY | $712,392,894 | $841,266,953 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,963,582,802 | $962,946,513 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
St Francis Hospital United States Catholic Conference Roslyn, NY | $1,306,003,016 | $868,766,076 |
Rwj Barnabas Health Inc Livingston, NJ | $1,606,957,926 | $871,885,801 |
Valley Hospital Inc Ridgewood, NJ | $1,846,770,409 | $860,142,109 |
Tower Health Reading, PA | $1,916,208,118 | $534,049,241 |
United Health Services Hospitals Inc Binghamton, NY | $533,025,832 | $753,385,541 |