The Westchester Medical Practice Pc
- Assets
- $21.4m
- Revenue
- $63.0m
- Investments
- $0.0
- Employees
- 372
- Location
- Yorktown Heights, NY
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 56-2662502
Organization Overview
The Westchester Medical Practice Pc, operating under the name Nyp Medical Grouphudson Valley, is located in Yorktown Heights, NY. The organization was established in 2017. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Nyp Medical Grouphudson Valley employed 372 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nyp Medical Grouphudson Valley 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 12/2021, Nyp Medical Grouphudson Valley generated $63.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $80.1m during the year ending 12/2021. While expenses have increased by 8.6% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE SOLE PURPOSE OF SUPPORTING AND FURTHERING THE CHARITABLE PURPOSE OF NEWYORK-PRESBYTERIAN/HUDSON VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF HEALTH AND PROVIDING HOSPITAL CARE TO MEMBERS OF THE COMMUNITY AS WELL AS SUPPORTING AND FURTHERING THE CHARITABLE PURPOSES OF THE HUDSON VALLEY HOSPITAL CENTER DBA NEWYORK-PRESBYTERIAN/HUDSON VALLEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chief Financial Officer | Officer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Columbia University Irving Medical Center Physician Services | 12/30/21 | $6,671,055 |
Stericycle Answering Service | 12/30/21 | $676,600 |
Facilities Maintenance Corp Waste Removal | 12/30/21 | $359,048 |
Amieiro Services Llc Cleaning Services | 12/30/21 | $269,616 |
Columbia University Physician Services | 12/30/21 | $799,558 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,400,004 |
| 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 | $10,400,004 |
| Total Program Service Revenue | $46,018,104 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,000 |
| 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 | $63,027,165 |
| 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. | $299,690 |
| Compensation of current officers, directors, key employees. | $299,690 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,166,708 |
| Pension plan accruals and contributions | $637,693 |
| Other employee benefits | $5,376,413 |
| Payroll taxes | $2,224,235 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $111,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,804,845 |
| Advertising and promotion | $0 |
| Office expenses | $76,628 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,945,665 |
| Travel | $11,004 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,832 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,237,508 |
| Insurance | $2,169,186 |
| All other expenses | $0 |
| Total functional expenses | $80,102,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,426,423 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,797,005 |
| 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 | $124,527 |
| Net Land, buildings, and equipment | $7,840,813 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,220,193 |
| Total assets | $21,408,961 |
| Accounts payable and accrued expenses | $14,654,324 |
| 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 | $124,354,349 |
| Total liabilities | $139,008,673 |
| Net assets without donor restrictions | -$117,599,712 |
| Net assets with donor restrictions | $0 |
| 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 | $21,408,961 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Westchester Medical Practice Pc has recieved totaling $10,400,004.
| Awarding Organization | Amount |
|---|---|
The New York And Presbyterian Hospital New York, NY PURPOSE: SUPPORT | $10,400,004 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwell Health Laboratories Westbury, NY | $332,816,944 | $824,844,482 |
Musculoskeletal Transplant Foundation Inc Edison, NJ | $265,715,338 | $411,628,718 |
Bayer Us Patient Assistance Foundation Whippany, NJ | $119,661,025 | $360,939,161 |
Catholic Managed Long Term Care Inc New York, NY | $69,408,204 | $356,229,491 |
Temple Faculty Practice Plan Inc Philadelphia, PA | $117,460,054 | $341,896,672 |
Beth Israel Lahey Health Pharmacy Inc Westwood, MA | $32,825,089 | $210,599,852 |
North Shore-Lij Anesthesiology Pc Westbury, NY | $33,422,603 | $196,131,623 |
Health Quest Systems Inc Poughkeepsie, NY | $299,235,129 | $128,637,142 |
Weill Cornell Imaging At New York-Presbyterian New York, NY | $260,757,185 | $189,735,932 |
Valley Physician Servcies Inc Ridgewood, NJ | $110,045,746 | $118,274,692 |
Garnet Health Doctors Pc Middletown, NY | $50,171,701 | $81,156,131 |
The Westchester Medical Practice Pc Yorktown Heights, NY | $21,408,961 | $63,027,165 |