Grace Medical Center Inc
- Assets
- $110.1m
- Revenue
- $34.9m
- Investments
- $0.0
- Employees
- 694
- Location
- Baltimore, MD
- Founding
- 03/1946
- Data as of
- 08/2021
- EIN
- 52-0591555
Organization Overview
Grace Medical Center Inc, operating under the name BS Hospital Specialty Center New Hope BS Renal Dialysis Center, is located in Baltimore, MD. 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 08/2021, BS Hospital Specialty Center New Hope BS Renal Dialysis Center employed 694 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. BS Hospital Specialty Center New Hope BS Renal Dialysis 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 08/2021, BS Hospital Specialty Center New Hope BS Renal Dialysis Center generated $34.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.7%) each year. All expenses for the organization totaled $63.2m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, BS Hospital Specialty Center New Hope BS Renal Dialysis Center has awarded 28 individual grants totaling $409,350. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMPASSIONATE HEALTHCARE SERVICES FOR ALL, REGARDLESS OF PATIENTS' ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arsalan Sheikh MD VP - Chief Medical Officer | Trustee | 40 | $315,421 |
Emmanuel Oni MD Physician | 40 | $302,776 | |
Theodora Balis MD Primary Care Physician | 40 | $293,161 | |
Ibrahim Hanna MD Chair Of Surgery | 40 | $288,205 | |
David Hauser MD Psychiatrist | 40 | $262,107 | |
Shanta Powell MD Physician | 40 | $259,951 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Universal Protection Services Lp Security Services | 8/30/21 | $2,067,953 |
Johnson Controls Inc Equip. Maintenance | 8/30/21 | $1,435,273 |
Univ Of Md Emergency Medicine Assoc Ed Physician Service | 8/30/21 | $2,343,897 |
Jackson Coker Staffing Services | 8/30/21 | $1,899,843 |
Crothall Healthcare Environmental Srvcs | 8/30/21 | $1,689,862 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $21,784 |
| Government grants | $6,571,075 |
| All other contributions, gifts, grants, and similar amounts not included above | $779,223 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,372,082 |
| Total Program Service Revenue | $30,060,071 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $133,687 |
| Net Gain/Loss on Asset Sales | -$3,228,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,877,165 |
| 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 | $26,701,958 |
| Pension plan accruals and contributions | $305,855 |
| Other employee benefits | $4,253,981 |
| Payroll taxes | $2,047,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $63,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,639,788 |
| Advertising and promotion | $156,426 |
| Office expenses | $953,722 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,679,171 |
| Travel | $5,725 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,116 |
| Interest | $877,468 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,248,118 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $63,150,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,937,438 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,617,153 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $750 |
| Inventories for sale or use | $883,667 |
| Prepaid expenses and deferred charges | $166,744 |
| Net Land, buildings, and equipment | $53,164,419 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,342,063 |
| Total assets | $110,112,234 |
| Accounts payable and accrued expenses | $14,407,101 |
| Grants payable | $0 |
| Deferred revenue | $11,331,431 |
| 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 | $42,717,576 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,605,591 |
| Total liabilities | $99,061,699 |
| Net assets without donor restrictions | $10,897,684 |
| Net assets with donor restrictions | $152,851 |
| 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 | $110,112,234 |
Grants Awarded
Over the last fiscal year, Grace Medical Center Inc has awarded $42,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: GENERAL SUPPORT | $22,500 |
Baltimore, MD PURPOSE: GENERAL SUPPORT | $10,000 |
Arlington, VA PURPOSE: General Support | $5,000 |
Baltimore, MD PURPOSE: General Support | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grace Medical Center Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
The Jill Fox Memorial Fund Inc Baltimore, MD PURPOSE: GENERAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maryview Hospital Llc Suffolk, VA | $0 | $126,392,609 |
Lehigh Valley Hospital - Schuykill Allentown, PA | $123,931,422 | $141,448,853 |
Davis Memorial Hospital Elkins, WV | $99,450,993 | $120,748,268 |
St Lukes Quakertown Hospital Allentown, PA | $224,667,230 | $112,978,373 |
U Of M Rehab & Orthopaedic Institute Baltimore, MD | $214,130,610 | $125,454,652 |
Upmc Pittsburgh, PA | $122,342,039 | $105,892,952 |
Bon Secours-Richmond Community Hospital Richmond, VA | $200,107,508 | $168,768,277 |
Northeastern Pennsylvania Health Corporation Allentown, PA | $304,803,492 | $145,234,138 |
Reynolds Memorial Hospital Inc Glen Dale, WV | $68,940,537 | $122,482,209 |
Uva Culpeper Medical Center Culpeper, VA | $139,556,597 | $116,029,117 |
Armstrong County Memorial Hospital Kittanning, PA | $80,272,359 | $120,850,323 |
Wayne Memorial Hospital Honesdale, PA | $205,774,569 | $114,212,432 |