Holy Cross Hospital
- Assets
- $142.3m
- Revenue
- $113.8m
- Investments
- $3.4m
- Employees
- 984
- Location
- Chicago, IL
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 36-2170133
Organization Overview
Holy Cross Hospital is located in Chicago, IL. The organization was established in 1946. 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 06/2021, Holy Cross Hospital employed 984 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Holy Cross Hospital 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 06/2021, Holy Cross Hospital generated $113.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $112.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AS A MEMBER OF SINAI HEALTH SYSTEM, HOLY CROSS HOSPITAL'S MISSION IS TO IMPROVE THE HEALTH OF THE INDIVIDUALS AND COMMUNITIES IT SERVES BY PROVIDING EMERGENCY, MEDICAL, SURGICAL, AND PRIMARY CARE SERVICES. THE VISION IS TO BE A NATIONAL MODEL FOR THE DELIVERY OF URBAN HEALTHCARE. THE RELIGIOUS SPONSORS OF HOLY CROSS HOSPITAL ARE THE SISTERS OF ST CASMIR AND THE ETHICAL AND RELIGIOUS DIRECTIVES FOR CATHOLIC HEALTH CARE SERVICES ARE FOLLOWED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOSPITAL IS A NOT-FOR-PROFIT CATHOLIC HOSPITAL THAT SERVES A LARGE AREA OF CHICAGO'S SOUTHWEST SIDE. LOCATED IN MARQUETTE PARK, THE HOSPITAL PROVIDES EMERGENCY, MEDICAL/SURGICAL, SPECIALTY, DIAGNOSTICS, BEHAVIORAL HEALTH AND PRIMARY CARE SERVICES TO COMMUNITIES THAT ARE HOME TO MOSTLY RACIALLY DIVERSE AND LOW-INCOME FAMILIES. THE EMERGENCY DEPARTMENT SEES APPROXIMATELY 34,170 PATIENTS PER YEAR AND 15,000 AMBULANCE VISITS. THE HOSPITAL IS A DISPROPORTIONATE SHARE HOSPITAL AND IS A VITAL SAFETY NET HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donnica Austin Site President | Officer | 20 | $370,305 |
Kenneth Slawkowski Vp, Enterprise App & Is Governance | 40 | $203,897 | |
Patricia Brancato Asst Chief Nursing Officer Hch | 40 | $201,674 | |
Mireya Vera Director, Community And Patients Relations | 40 | $184,506 | |
Dennis Ryan Vp, Mission And External Affairs | 40 | $179,563 | |
Bozena Smyk Icu Rn | 40 | $178,184 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Renovo Solutions Llc Equip Maintenance Services | 6/29/21 | $1,086,150 |
Carerev Nurse Staffing Agency | 6/29/21 | $686,304 |
Cep America Emergency Room Physicians | 6/29/21 | $2,360,334 |
Professional Clinical Laboratories Lab Services | 6/29/21 | $2,258,854 |
Sodexo Inc & Affiliates Food/housekeeping Services | 6/29/21 | $1,550,667 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,142,440 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,203,840 |
| Total Program Service Revenue | $86,356,090 |
| Investment income | $523,573 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $504,540 |
| Net Gain/Loss on Asset Sales | $182,749 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $113,770,792 |
| 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. | $361,886 |
| Compensation of current officers, directors, key employees. | $361,886 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,605,263 |
| Pension plan accruals and contributions | $431,192 |
| Other employee benefits | $3,603,562 |
| Payroll taxes | $2,952,730 |
| Fees for services: Management | $703,273 |
| Fees for services: Legal | $14,374 |
| Fees for services: Accounting | $8,872 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,637,200 |
| Advertising and promotion | $241 |
| Office expenses | $221,123 |
| Information technology | $1,607,502 |
| Royalties | $0 |
| Occupancy | $3,091,710 |
| Travel | $16,567 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | -$955 |
| Interest | $53,908 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,350,602 |
| Insurance | $2,527,056 |
| All other expenses | $7,374,861 |
| Total functional expenses | $112,858,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,268,257 |
| Savings and temporary cash investments | $7,625,444 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,933,728 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,019,996 |
| Prepaid expenses and deferred charges | $2,512,369 |
| Net Land, buildings, and equipment | $78,536,842 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,439,680 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,012,247 |
| Total assets | $142,348,563 |
| Accounts payable and accrued expenses | $8,847,424 |
| 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 | $62,445,526 |
| Total liabilities | $71,292,950 |
| Net assets without donor restrictions | $70,977,222 |
| Net assets with donor restrictions | $78,391 |
| 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 | $142,348,563 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Holy Cross Hospital has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
American Cancer Society Inc Kennesaw, GA PURPOSE: Patient Support | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Deaconess Hospital Inc Evansville, IN | $1,921,220,397 | $1,102,144,618 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Catholic Health Initiatives-Iowa Corp Des Moines, IA | $1,114,579,485 | $904,841,538 |
Central Iowa Hospital Corporation Des Moines, IA | $1,438,981,448 | $937,321,371 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |