Deborah Heart & Lung Center
- Assets
- $152.2m
- Revenue
- $227.7m
- Investments
- $0.0
- Employees
- 1,386
- Location
- Browns Mills, NJ
- Founding
- 05/1973
- Data as of
- 12/2022
- EIN
- 23-1550955
Organization Overview
Deborah Heart & Lung Center is located in Browns Mills, NJ. The organization was established in 1973. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Deborah Heart & Lung Center employed 1,386 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Deborah Heart & Lung Center 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 12/2022, Deborah Heart & Lung Center generated $227.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $222.8m during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE HIGHEST QUALITY HEART, LUNG AND VASCULAR CARE IN A COLLABORATIVE AND WELCOMING ENVIRONMENT, WHILE ENSURING ACCESS FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROVIDING THE HIGHEST QUALITY HEART, LUNG AND VASCULAR CARE IN A COLLABORATIVE AND WELCOMING ENVIRONMENT, WHILE ENSURING ACCESS FOR ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY AND IN FURTHERANCE OF CHARITABLE TAX-EXEMPT PURPOSES. PLEASE REFER TO THE COMMUNITY BENEFIT STATEMENT IN SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kulpreet S Barn MD Physician | 55 | $1,262,813 | |
Mark Moshiyakhov MD Physician | 55 | $1,164,341 | |
Joseph Chirichella Trustee - President/ceo | OfficerTrustee | 55 | $1,023,400 |
Raffaele Corbisiero MD Physician | 55 | $867,901 | |
Stephen J Szawlewicz MD Physician | 55 | $815,078 | |
Renee P Bullock-Palmer MD Physician | 55 | $773,199 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mid-atlantic Surgical Associates Medical | 12/30/22 | $3,000,000 |
Dover Cardiology Center Medical | 12/30/22 | $2,691,537 |
Epstein Becker Green Pc Legal | 12/30/22 | $2,451,589 |
Torcon Construction | 12/30/22 | $1,351,664 |
Ocean Cardiovascular Specialists Medical | 12/30/22 | $1,693,588 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $8,105,063 |
| Government grants | $718,727 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,001 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,900,791 |
| Total Program Service Revenue | $218,125,483 |
| Investment income | $110,537 |
| Tax Exempt Bond Proceeds | $3,386 |
| Royalties | $0 |
| Net Rental Income | $610,058 |
| Net Gain/Loss on Asset Sales | -$98,393 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $227,662,300 |
| 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. | $3,512,762 |
| Compensation of current officers, directors, key employees. | $351,276 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,962,938 |
| Pension plan accruals and contributions | $1,054,995 |
| Other employee benefits | $11,115,355 |
| Payroll taxes | $6,030,679 |
| Fees for services: Management | $30,000 |
| Fees for services: Legal | $2,263,187 |
| Fees for services: Accounting | $549,207 |
| Fees for services: Lobbying | $151,600 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,350 |
| Fees for services: Other | $22,668,565 |
| Advertising and promotion | $1,983,993 |
| Office expenses | $2,949,216 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,809,767 |
| Travel | $87,889 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,388 |
| Interest | $287,507 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,883,834 |
| Insurance | $1,207,818 |
| All other expenses | $1,129,054 |
| Total functional expenses | $222,767,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,850 |
| Savings and temporary cash investments | $12,671,079 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,455,928 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,488,326 |
| Prepaid expenses and deferred charges | $1,102,631 |
| Net Land, buildings, and equipment | $48,300,352 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $41,295,648 |
| Intangible assets | $0 |
| Other assets | $13,883,789 |
| Total assets | $152,199,603 |
| Accounts payable and accrued expenses | $37,894,953 |
| 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 | $15,162,465 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,616,385 |
| Total liabilities | $67,673,803 |
| Net assets without donor restrictions | $66,134,473 |
| Net assets with donor restrictions | $18,391,327 |
| 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 | $152,199,603 |