Saint Michael's Medical Center Inc
- Assets
- $0.0
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, NJ
- Founding
- Data as of
- 08/2017
- EIN
- 26-2616046
Organization Overview
Saint Michael's Medical Center Inc is located in Newark, NJ. Saint Michael's Medical 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 08/2017, Saint Michael's Medical Center Inc generated $1.2m in total revenue. All expenses for the organization totaled $4.1m during the year ending 08/2017.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE AND HOSPITAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAINT MICHAEL'S MEDICAL CENTER WAS A 357-BED (147 STAFFED BEDS) REGIONAL TERTIARY-CARE, TEACHING CENTER IN THE HEART OF NEWARK, NEW JERSEY'S BUSINESS AND EDUCATIONAL DISTRICT. COMBINING STATE-OF-THE-ART TECHNOLOGY, THE LATEST DIAGNOSTIC AND THERAPEUTIC PROCEDURES, AND A NETWORK OF HIGHLY QUALIFIED PHYSICIANS, NURSES, AND ALLIED HEALTH PROFESSIONALS, THE HOSPITAL PROVIDES TOP-QUALITY HEALTH CARE SERVICES DELIVERED WITH COMPASSIONATE CARE.EFFECTIVE MAY 1, 2016 SAINT MICHAEL'S MEDICAL CENTER SOLD SUBSTANTIALLY ALL OF ITS HEALTH CARE OPERATIONS AND ASSETS TO PRIME HEALTHCARE SERVICES - SAINT MICHAELS'S LLC. EFFECTIVE APRIL 17, 2017, REMAINING ASSETS WERE TRANSFERRED TO A LIQUIDATING TRUSTEE IN ACCORDANCE WITH A CHAPTER 11 PLAN OF ORDERLY LIQUIDATION.
SAINT MICHAEL'S MEDICAL CENTER WAS A 357-BED (147 STAFFED BEDS) REGIONAL TERTIARY-CARE, TEACHING CENTER IN THE HEART OF NEWARK, NEW JERSEY'S BUSINESS AND EDUCATIONAL DISTRICT. COMBINING STATE-OF-THE-ART TECHNOLOGY, THE LATEST DIAGNOSTIC AND THERAPEUTIC PROCEDURES, AND A NETWORK OF HIGHLY QUALIFIED PHYSICIANS, NURSES, AND ALLIED HEALTH PROFESSIONALS, THE HOSPITAL PROVIDES TOP-QUALITY HEALTH CARE SERVICES DELIVERED WITH COMPASSIONATE CARE.EFFECTIVE MAY 1, 2016 SAINT MICHAEL'S MEDICAL CENTER SOLD SUBSTANTIALLY ALL OF ITS HEALTH CARE OPERATIONS AND ASSETS TO PRIME HEALTHCARE SERVICES - SAINT MICHAELS'S LLC. EFFECTIVE APRIL 17, 2017, REMAINING ASSETS WERE TRANSFERRED TO A LIQUIDATING TRUSTEE IN ACCORDANCE WITH A CHAPTER 11 PLAN OF ORDERLY LIQUIDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Ricci Director; President & CEO | OfficerTrustee | 53 | $0 |
Raymond Ocasio Director; Chair | OfficerTrustee | 1 | $0 |
Cecil Cates Director; Vice Chair | OfficerTrustee | 1 | $0 |
Rev Msgr Ronald Rozniak Director; Board Secretary | OfficerTrustee | 1 | $0 |
Catherine Cuomo-Cecere Director | Trustee | 1 | $0 |
Michelle Decillis Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Food/management Services | 12/30/16 | $2,078,218 |
Eisneramper Llp Consulting Services | 12/30/16 | $1,266,543 |
Aergo Solutions It Services | 12/30/16 | $1,000,000 |
Cole Schotz Pc Legal & Consulting Services | 12/30/16 | $963,579 |
Sills Cummis & Gross Pc Legal & Consulting Services | 12/30/16 | $798,135 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,150,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,150,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,774 |
| Advertising and promotion | $0 |
| Office expenses | $73,899 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,035,241 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,123,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| 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 | $0 |