Hackensack Meridian Health Inc
- Assets
- $4.5m
- Revenue
- $9.3m
- Investments
- $1.0k
- Employees
- 177
- Location
- Neptune, NJ
- Founding
- Data as of
- 12/2017
- EIN
- 22-1802017
Organization Overview
Hackensack Meridian Health Inc, operating under the name Hartwyck At Cedar Brook, is located in Neptune, NJ. As of 12/2017, Hartwyck At Cedar Brook employed 177 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hartwyck At Cedar Brook 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 12/2017, Hartwyck At Cedar Brook generated $9.3m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $9.6m during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 3 years. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH QUALITY CARE & MANAGEMENT SERVICES FOR PEOPLE IN NEED OF LONG TERM CARE, SUBACUTE CARE, ADULT DAY CARE, HUNTINGTON'S DISEASE, HEAD INJURY REPROGRAMMING, RESPIRATORY CARE, TRANSITIONAL LIVING & ASSISTED LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HARTWYCK WEST NURSING HOME, INC. PROVIDES HOUSING, HEALTHCARE AND OTHER RELATED SERVICES TO ITS RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay M Janey Trustee - Chair | OfficerTrustee | 3 | $0 |
David A Belowich Trustee - Vice Chair | OfficerTrustee | 3 | $0 |
John O Grun Trustee - Secretary | OfficerTrustee | 3 | $0 |
Helen J Paterniti Trustee - Treasurer | OfficerTrustee | 3 | $0 |
Robin O Winter MD Trustee | Trustee | 3 | $0 |
Fran Yorey Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tender Touch Rehab Services Llc Pt, Ot & Speech | 12/30/17 | $224,242 |
Healthcare Services Group Inc Housekeeping | 12/30/17 | $517,061 |
Pharmcare Usa Of Edison Inc Pharmacy | 12/30/17 | $110,549 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $18,910 |
| 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 | $18,910 |
| Total Program Service Revenue | $9,230,694 |
| Investment income | $6,207 |
| 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 | $9,255,811 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,235,300 |
| Pension plan accruals and contributions | $66,795 |
| Other employee benefits | $964,234 |
| Payroll taxes | $412,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,888 |
| Fees for services: Accounting | $37,418 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $759,819 |
| Advertising and promotion | $25,640 |
| Office expenses | $276,779 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $323,502 |
| Travel | $1,307 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,942 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $198,523 |
| Insurance | $160,363 |
| All other expenses | $70,539 |
| Total functional expenses | $9,649,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $573,939 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,013,541 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,598 |
| Prepaid expenses and deferred charges | $773 |
| Net Land, buildings, and equipment | $2,806,836 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,300 |
| Total assets | $4,479,987 |
| Accounts payable and accrued expenses | $1,202,710 |
| 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 | $2,398,295 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $908,209 |
| Total liabilities | $4,509,214 |
| Unrestricted restricted net Assets | -$29,227 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| 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 | -$29,227 |